Blog - Dave Farnham

Dave Farnham

Record Sales in May

08 June 2017
Dave Farnham

There were 816 Residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May, an increase of 8.2 per cent compared to May 2016, and a 6 per cent increase compared to the previous month. This is the second consecutive month unit sales have hit an all-time high.


A FRENZY OF HOME SALES IN FEBRUARY

07 March 2017
Dave Farnham

A lack of listings to satisfy the strong consumer demand is fuelling multiple offers often resulting in sale prices above the actual asking price, which pushed the total residential average sale price in February up 27.5% compared to the same month last year to $463,355.


January Home Sales

03 February 2017
Dave Farnham

The number of residential sales in January through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) increased 5.8% compared to January 2016 and 22% above the 5-year average for January.


UNPRECEDENTED YEAR FOR HOME SALES IN WATERLOO REGION

19 January 2017
Dave Farnham

2016 was marked by unrelenting demand for homes, in the face of fewer homes being put on the market. There were 8,003 residential listings processed through the KWAR’s MLS® System in 2016, a decrease of 9.7 percent compared to 2015.


Pros and Cons of Renting a Furnace or Air Conditioner

17 January 2017
Dave Farnham

There seems to be a growing question about renting furnaces and air conditioning units these days. It’s no wonder, since there are companies putting massive amounts of advertising and sales agents in your neighborhood to promote the renting of furnaces and air conditioners.


Another Record Breaking Month of Sales in November

04 December 2016
Dave Farnham

Home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), totalled 535 last month, an increase of 27.1 percent compared to November of 2015, marking another record breaking month for residential properties sold in Kitchener-Waterloo and area.


The CRA is cracking down on Real Estate tax dodger in Canadas red hot Real Estate market

29 November 2016
Dave Farnham

Check out this great article from the Financial Post about the CRA cracking down on tax dodgers


What the new mortgage regulations mean for Buyers

21 November 2016
Dave Farnham

What's been described during the past few weeks as a 'sledgehammer crackdown' on the Canadian housing market, the new mortgage regulations, some of which came into effect last month, are aimed at strengthening the country's housing finance system 'to help protect the long-term financial security of borrowers' and 'to improve tax fairness for Canadian homeowners'.


Strong Demand Continues to Fuel Waterloo Region Housing Market in October

04 November 2016
Dave Farnham

STRONG DEMAND CONTINUES TO FUEL WATERLOO REGION HOUSING MARKET IN OCTOBER KITCHENER-WATERLOO, ON (November 3, 2016)


September Home Sales Show No Signs of Cooling

06 October 2016
Dave Farnham

SEPTEMBER HOME SALES SHOW NO SIGNS OF COOLING KITCHENER-WATERLOO, ON (October 5, 2016)