Lee QuaileBroker of Record The Provincial Government has moved recently to introduce new legislation aimed at alleviating housing shortages in Ontario and stabilizing the cost of entry to our housing market. Bill 109, or the “More Homes for Everyone Act, 2022”, aims to ease financial pressures on homebuyers by acting to restrict the activities of real estate speculators, curbing...
Real Estate Update – Making Sense of a Dynamic Market Lee QuaileBroker of Record The first two months of 2022 have seen all manner of statistical precedents being smashed in the world of Kitchener-Waterloo real estate. From record-high average sale prices to record-low average days spent on market, just trying to keep track of where things stand from the perspective of an outsider can be...
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...
Lee Quaile Broker of Record It’s a number that anyone who follows the real estate industry with any degree of regularity could see coming for months now, but somehow seeing it in print doesn’t make its realization any the less shocking: the average single detached home in Kitchener-Waterloo sold for nearly One Million Dollars ($997,654) in October. Some might try to write the million dollar...
Lee Quaile Broker of Record Five weeks of promises and pledges are now behind us – with Canadians having just elected our 44th session of Parliament, we are once again left with a minority government in charge of determining the country’s direction for the next few years. The Liberals managed to eek out the largest proportionate number of seats once more, with the Conservatives firmly in...
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...
Lee Quaile Broker of Record Of the many population centres and market towns which surround our portion of Southern Ontario, the City of Woodstock is one of the larger ones within a 45-minute drive of Kitchener-Waterloo. With a population now north of 40,000 residents, the seat of Oxford County has in recent years become an increasingly popular option for would-be homebuyers exasperated by...
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...
Equity firms, REITs, & private investors have long been active in Ontario housing markets. Lee QuaileBroker of Record A Toronto-based developer made headlines in Canada’s business world last month when it announced its intention to pour $1 Billion into residential housing markets across the country. The plan, as laid out by Core Development Group, is to buy up to 4,000 homes in targeted...