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...

FACT: New Home Inventory is low… very low. However, builders are trying to find a way to increase the construction of new, entry-level homes to accommodate the growing need. This is good news as would-be buyers have been frustrated in their search for a home that meets their needs  – and their budget. FACT: A large portion of Millennials – slightly less than half – are already purchasing their second or third homes. (Wow!) Working with Millennial buyers- Real estate Waterloo First, communication is key. Millennials are well connected and have a large network. Their neighbor, relative or friend of a friend likely knows about real estate Waterloo However, they value key components and are not as likely to simply accept a referral without doing their research. Be social and have your contact information easily accessible online. Have you googled yourself lately? Do your contact information, website and social media platforms quickly pop up? Do you have a professional headshot? Monitor...

  Real estate Waterloo is the real, or physical, property in Waterloo. “Real” or res, or things. It’s also said to be from the Latin word rex, meaning “royal,” since kings owned all land in their kingdoms. Four Types of Real Estate Waterloo There are four types of real estate: Residential real estate Waterloo includes both new construction and resale homes. The most common category in real estate Waterloo is single-family homes. Condominiums, co-ops, townhouses, duplexes, triple-deckers, quadplexes, high-value homes, multi-generational and vacation homes also come under real estate property Commercial real estate Waterloo includes shopping centers and strip malls, medical and educational buildings, hotels and offices. Apartment buildings are also considered commercial, even though they are used for residences. That's because they produce income for owners. Industrial real estate Waterloo includes manufacturing buildings and property, as well as warehouses. Buildings that distribut...