Arrow Lofts are Coming Soon in Downtown Kitchener!!

by Warren McNeil,

The Arrow Lofts are nearing completion and will be available in the winter of 2011. If you want to be in a downtown Kitchener condo, the Arrow Lofts might be just what you are searcing for.  Pricing starts in the 200s and goes up to 600,000.

For a complete list of all the floorplans and pricing please contact us. Right now for a limited time there is special agent pricing and buyer incentive program.

This is just another development besides the Centre City Living condos by Andrin which are located in the Centre Block.

Check out this video I did about the new development.

Video added June 8th, 2011


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118

Kitchener City Centre Condominiums by Andrin Homes

by Warren McNeil

http://www.kitchenerlofts.com – I did a video about the new Andrin Homes condo development in downtown Kitchener.

httpvh://www.youtube.com/watch?v=HRNzw4oxhcE

Kaufman Lofts
Award Winning Kaufman Lofts buildings

 

These new condos are really going to transform the downtown core and will be the go to destination for the years to come. Located on prime real estate these two towers will have around 400 condominium units. One tower will be facing Duke and Young St  and the other one will face King Street. The tentative completion date for the first tower is December 2013.

In the video I make reference that the City Centre condominiums will be Leed certified. Here is a link to learn more about what Leed certification means:

Wikipedia – Leadership in Energy and Environmental Design 

If you would like to learn more about this development or any other new developments in Kitchener or Waterloo, please contact me at my website.

http://www.kitchenerlofts.com or http://www.waterloolofts.com

 Thanks for watching!




Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118

Alternative to New Construction Condos or Lofts in Kitchener Waterloo

By Warren McNeil,

In the next few of years there will be several new construction condo projects available in Kitchener Waterloo. Some of these New construction condos in kitchener waterloodevelopments are already pre-selling these condos.These developments are scheduled to be completed in 2011, 2012 and 2013. Some of the larger projects are 3 or more years away. If you need to buy something in the next 6-12 months then these new construction condos might not be a good option for you.

If you are looking for an alternative to all of the new construction developments in the Kitchener Waterloo or Cambridge area then you should look to the resale market. The resale condo market in Kitchener Waterloo has been really strong over the last couple of years and there are lots of options for people looking for this type of housing. If you are looking for newer condos less then 5 years old then there are a few condo developlement that have already started selling in the resale market. Some of these buildings are located in Uptown Waterloo and downtown Kitchener right on King St.

One of the advantages to buying a resale condo is that they are available now. If you have to wait 3 years to build a new construction condominum, you could find out later that your plans have changed. Maybe you got married, finished school or relocated to a new city. 2 or 3 years can be a really long time. Just something to consider when making the decision.

Please check out the following video I did about “Alternative to New Construction Condos or Lofts in Kitchener Waterloo”.


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118

[Video] Pet Number Limitations at Condominiums

By Warren McNeil,

I recently answered a question from our website about the total number of dogs you are allowed to have at aTotal Number of Pets Allowed at a Condo condominium or loft. It is important to review the rules and regulations of the condominium corporation and have your lawyer review the offer if you don’t understand something. It is also important to ask these questions when you first put in the offer.

The condominium rules must be followed and therefore, you will need to be aware of this if you are planning on buying a condominium and you want to have pets.

Being a pet lover myself, this is a very important thing to know. 

There are lots of condominiums in the Kitchener Waterloo area that will allow pets. If you would like more information, please let me know.

Here is the video.


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118

The Condo and Loft Market in Kitchener Waterloo is Booming

By Warren McNeil,

On Monday RE/MAX released a press release about the condo market in Canada. They said that inKitchener Waterloo Lofts and Condos Toronto 1-3 houses purchased was a condo. They also said that in Kitchener-Waterloo 1 in 5 houses purchased was a condo. So why are people choosing this type of living?

If you are not into doing alot of maintanence, then a condo might be the right fit for you. One of the nice things about condo living is the freedom of not having to worry about any exterior maintanence. If you are not the handy type or you don’t have unlimited cashflow, than the extra insurance you have buying a condo can give you the peace of mind that you might be looking for.

CMHC held their annual housing outlook for 2011 yesterday. Alot of information was discussed. One thing they mentioned was that Kitchener Waterloo is becoming a big city. This means more intensification. Waterloo region is expected to grow to 700,000 people by the year 2031.

condos in kitchenerIn our area right now, high-rise condominiums are the big thing. After the success of buildings such as the Kaufman Lofts and the Bauer Lofts, more buildings are now being constructed. There are around 10 separate new construction projects in the works right now. Everything from townhouse style condos, downtown high-rise to condos in established residential areas.

If you travel for a living or like to go on vacations for months at a time then condo living offers more peace of mind then detached housing.

Increasing interest for these types of condos and lofts is coming from technology professionals who don’t want the hassles of doing maintanence. Other types of a buyers are parents who are buying investment condos for their children while they go to university. Investors are also looking for affordable rentals. With the higher cost of single detached homes, buyers are now starting to look towards condos as their first home.

In summary, condos are a great option for people who want less maintanence. They fit all kinds of budgets from starter apartment style condos to luxurious townhouses. If you like condo living then you might want to consider living in the Waterloo Region!

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118

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Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
Filed under: Kitchener Waterloo Lofts and Condos — Tags: , , , — wmcneil | Posted: November 3, 2010 @ 3:39 pm

1 in 5 Houses Sold in Kitchener-Waterloo is a Condo

By Warren McNeil
Very intersting report by Re/Max today. The report states that 1 in 5 houses sold in Kitchener Waterloo is a condominium. This is definitely evident to me because I am seeing many new construction condo developments in Kitchener Waterloo recently.Kitchener Waterloo lofts and condos

Here is a quick list of all of the condominium developments in Kitchener Waterloo:

1. Center City Living lofts/condos by Andrin Homes – downtown Kitchener
2. Arrow Lofts by Auburn Developments – downtown Kitchener
3. 144 Park – uptown Waterloo
4. The 42 – uptown Waterloo
5. 45 degrees – King St and Columbia Street Waterloo
6. Reflections By Urbanera- Laurelwood North Waterloo
7. University Village – Highland and Ira Needles Kitchener
8: Chicopee Forest Freehold Condos – Woolner and Upper Mercer Kitchener
9. Westmount Grand – Erb St and Westmount Rd Waterloo
10. The Tanglewoods – Bleams Rd Kitchener

 

The report also mentions that  investors are buying entry-level product near universities and using them as rentals. Investors are also looking for longer term investments and are buying nicer more luxurious condos to keep for the market appreciation. One thing’s for sure, there is no shortage of condos in Kitchener Waterloo.

 Here is the report for RE/Max Ontario Atlantic

Nov. 1, 2010Remax Kitchener Waterloo condos

Given serious escalation in detached housing values, condominium apartments and towns have now emerged as the first step to homeownership, says RE/MAX Ontario-Atlantic Canada.

Affordability has fuelled buying activity across the board, according to the 2010 RE/MAX Condominium Report, highlighting trends and developments in eight Ontario markets and one in Nova Scotia. Condominiums now represent one in every three homes sold in the Greater Toronto Area; close to one in every four homes sold in Ottawa and Hamilton-Burlington; and almost one in every five homes sold in London, Kitchener-Waterloo, and Collingwood. The trend has translated into a solid upswing in unit sales activity, with 78 per cent of markets posting an increase in year-to-date sales (January – September 2010 vs. 2009)—with percentage gains outperforming overall residential sales in most
markets examined.

“As one of few affordable housing options available to first-time buyers, the concept is poised for dramatic growth in years to come,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “The lifestyle has also gained a foothold with younger, hipper audiences, as the definition of homeownership evolves with the changing demographic. Dreams of the small home with a white picket fence are being replaced by the funky loft apartment in close proximity to shops, restaurants, and entertainment.”

Other factors that support an escalation in condominium sales include an expanding population base, especially in areas like Barrie which saw a 21 per cent increase in the 2006 census. Immigration and inmigration will also play a role, with at least half of new immigrants settling in Ontario – and more specifically, the Golden Horseshoe. Urban renewal and intensification also add to the mix, drawing younger purchasers to the downtown core of major urban centres.

While the greatest activity continues to occur in the lower price points-under $200,000 in areas like Ottawa, Barrie, and London and under $300,000 in Toronto and Collingwood—luxury product is also attracting more affluent empty-nesters and retirees to the maintenance-free lifestyle. Condominium sales in the GTA over the $1,000,000 price point have seen a 49 per cent increase year-over-year, while condos priced in excess of $450,000 in Ottawa have seen sales jump 72 per cent compared to the same period in 2009.

Investors are also an active part of the equation, spurring demand for entry-level resale product in college and university towns like London, Kitchener-Waterloo, and Barrie—in the hopes of cashing in on student housing. New construction in major centres has also experienced an increase in investment activity—with the vast majority of units in Toronto’s downtown core purchased by Asian and Middle Eastern investors as a long-term hold.

“Unlike 1989, when a flood of new condominium listings wreaked havoc on the market, these purchasers are in for the long haul,” says Polzler. “Leverage is not a factor, with most paying cash for their units. If they can’t sell their apartments, they’re more than prepared to rent them out.”

RE/MAX is Canada’s leader with over 18,000 sales associates situated throughout its more than 690 independently-owned and operated offices in Canada. The RE/MAX network, now in its 37th year, is a global real estate system operating in 80 countries, with over 6,300 ndependently-owned offices and over 92,000 member sales associates. RE/MAX realtors lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, and asset management. For more information, visit: www.remax.ca.


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118