Prices look set to remain at or above historic heights. Lee QuaileBroker of Record It’s a historic benchmark – today, for the first time ever, the average sale price of a detached home in Kitchener-Waterloo is more than one million dollars. The sheer pace of the price increase that our real estate market has seen since the summer of 2020 has been nothing short of breathtaking for both...
Our Fourth Annual ‘Winter Warmth’ Charitable Drive Earlier this December, the staff and agents at Chestnut Park West saw the culmination of well over a month’s worth of hard work and planning when we hosted our fourth consecutive Winter Warmth campaign, here at Waterloo Town Square. Hundreds of our clients and friends (and their families) turned out to collect our gift of either a Christmas tree...
FEDERAL HOUSING POLICY PRIMER Lee QuaileBroker of Record With less than three weeks now left to pass until election day, campaign rhetoric and promises are tumbling out of the various political war rooms at an increasingly frenzied rate. It can be tough for the average voter to keep up with where each party stands on everything from environmental issues to foreign policy, to taxation… and...
What does this campaign promise mean in practice? Lee Quaile & Erik ErwinBroker of Record & Sales Representative,Chestnut Park West With the announcement of this year’s impending Federal Election on September 20th, Canada’s six major political parties have all scrambled into campaign mode. And aside from perennial top-of-the-ticket issues such as health care, unemployment, foreign...
Southern Ontario Homebuilders Face Increasing Obstacles Lee Quaile Broker of Record If there’s one overarching theme to this past year’s real estate market in Southern Ontario, it’s been the inadequacy of supply in keeping pace with surging demand from homebuyers. This most fundamental of economic laws has served as an engine to drive prices ever higher in our region since early last...
Rules for Homebuyers Lee QuaileBroker of Record Admitting failure and backtracking is difficult enough for most people, but when’s the last time you heard of a government-affiliated agency tapping out and issuing a public statement outlining their mistakes? It’s a rare occurrence! But that’s exactly what happened earlier this week when Canada’s federal housing agency (CMHC) came...
Here’s the Latest Lee QuaileBroker of Record A few weeks ago, I posted a short article which outlined word of proposed changes to Canada’s mortgage stress-test. In short, our financial sector is beginning to take steps towards shoring up our market against potential hikes in interest rates over the medium term. This is particularly crucial now, as we’re in the midst of a very hot...
Lee QuaileBroker of Record Inflation and real estate aren’t two things we often see mentioned in the same sentence. Our notice of the effects of inflation is usually limited to everyday purchases – food, clothing, gas or other household items. After all, it makes sense you’d take note when your weekend grocery run ends up costing you significantly more over time, since it’s...
Lee Quaile Broker of Record Sometimes extraordinary things can start to feel routine if they happen often enough – a phenomenon many of us in the real estate business might be beginning to experience for ourselves. Ever since the pandemic bit down on us last spring, housing prices have soared in defiance of all initial expectations here in Waterloo-Wellington. The latest report released by KWAR...
Presenting our Award Winners for 2020! Lee QuaileBroker of Record After the dramatic ups and downs of the past year, I wanted to take a step away from my typical style of content this week to recognize the achievements of some of my friends and colleagues here at Chestnut Park West. 2020 started out by being anything but certain – I’m sure we can all remember what we were doing almost...