Homes By Navroop

  It’s been a struggle to watch our local real estate Kitchener market largely put on freeze under the state of emergency. Our business sector like so many others has been deeply affected by the coronavirus. Furthermore, prior to the spread of the virus inside of Canada, Kitchener-Waterloo was on pace for another record-setting year in the growth of property value. Now, some of those gains are already in question and maybe diminishing. In short, the market is in a state of flux until we are able to sort out a path forward for the economy to start. We will continue to be providing updates on the local market throughout this unfolding development. Keeping Things In Perspective… Business aside, we can be so thankful for our healthcare system. Our doctors, nurses, and support staff have been asked to deal with a tremendous crisis. We have our busy days in real estate but reading about the strain our healthcare system is being put under keeps that in perspective, their efforts are hero...

  Here are 10 simple tips to become successful in Kitchener real estate investment. 1. Choosing Your Market & Timing The Investment Wisely For successful real estate investment, it’s more important to know your local market than just what’s going on nationwide. Your purchase and its success will be most influenced by the factors at work in your specific real estate market. A good rule of thumb to become successful in real estate investing is to avoid very hot markets. Some real estate investors here may brag about the appreciation of their properties or rising rates, but you risk buying at the top of the market and losing your money. The real estate markets move in cycles due to the desire for economic profits, and every real estate market is at a slightly different phase of its housing cycle. You need to find markets that are in the phase of expansion – where sales and prices are rising, affordability is good, construction is low and capital investment is rising. The exact ma...