Hello, and welcome to the Kitchener-Waterloo (KW) real estate blog!
I hope that over time you will find all the answers you will need about real estate and sustainable housing here. If you would like more information about any topic, please feel free to contact me.
This blog is laid out into several different categories, which you can find in the left hand column. These categories are:
- Buying : information for those looking to buy a home
- Selling: information for those looking to sell a home
- Rentals: information for landlords or those looking to invest in multiple family units or investment properties.
- Market Conditions: information on the real estate market in Kitchener-Waterloo region.
- Sustainability: information on sustainable housing, green building techniques and technologies and tips for making your home more sustainable.
- Uncategorized: anything else real estate related.
I also like to do surveys to find out how people are feeling about real estate and housing related issues. Please take my latest survey on sustainability in housing.
My friend and colleague Judita Makos has recently joined the blog to give an added opinion and voice to the Kitchener-Waterloo market. Judita is a dedicated professional with a background in construction, renovation, preparing income taxes and book keeping.
Please feel free to comment or ask questions on anything you don’t understand. I will be happy to explain further or provide you with more information.
Happy reading!
Rebecca

Filed under: Rebecca Sargent, Sustainability | Tags: earthship, Haiti, rebuiding, sustainable housing
This is the best idea I have seen for rebuilding Haiti so I have decided to pass it on in hopes that the organizers can reach their funding goals and provide the maximum assistance to those in need.
Those at Earthship Biotechture intend on teaching the people to build their own sustainable housing (earthship technologies) using locally found materials.
Currently the organizers are in need of:
- Camping food, Camping Gear
- Money
- Vaccines
- Connections with people and organizations in Haiti to partner with.
Please check out their website and pass this information on to everyone you can!
Thinking of those in Haiti. Our hearts and minds are with you.
Filed under: Judita Makos | Tags: investment properties, Judita Makos, Kitchener, real estate, realty, Waterloo, wealth
Why buy an investment real estate in Waterloo Region?
The communities of Kitchener, Waterloo, and Cambridge, known collectively as Canada’s Technology Triangle, are becoming known as a competitive area to build high-tech businesses. The area is so strong economically that the Real Estate Investment Network™ in its past research has dubbed it the “Economic Alberta of Ontario”. This continues to prove true as the region was once again selected as the number-one investment town in Ontario. Within a 24 hours drive, the Technology Triangle has access to more than 60% of Canada’s population and 40% of the U.S. population. The reinvention of the region’s economy in the last few years has led to investment in the information technology sector, a venture which has protected the Triangle from the steep increase in job losses experienced in many other Ontario communities. A commitment to infrastructure improvements and transportation projects will also help drive the economy and the real estate market in this area.
Research indicates that there are more buying opportunities now than in the last few years, meaning more investment options and better yields” said Don R. Campbell, REIN™ President and author of the best-selling books Real Estate Investing in Canada and 97 Tips For Real Estate Investing.
“With today’s mixed market signals it is critical that investors and home-buyers complete that extra level of due diligence. An economic fundamental, not speculation, plays the key role in whether a property increases or drops in value. The years of skyrocketing prices are finally over; however, over the long-term the economic fundamentals of these key regions will help their property values dramatically outperform other regions of the province.”
The Top Ontario Investment Towns report list:
1) Kitchener, Waterloo, Cambridge
2) Hamilton
3) Simcoe Shores:Barrie- Orillia
4) Brampton
5) Durham Region – Whitby, Pickering, and Ajax
6) Ottawa
7) Brantford
Toronto
9) Vaughan
10) Whitchurch-Stouffville
Why isn’t everyone buying real estate? Most people don’t understand how to buy, how to evaluate and how to manage their investment. First basic rule is not to buy a property unless it can produce cash flow. When you calculate the rent and subtract expenses there shouldn’t be anything else to pay. If you have to add money every month to pay for this investment then stay away!
The second rule for buying an investment property is to be wary of listings showing a great rate of return on projected values. If you are looking at an investment property ask for the income and expenses for the past 24 month. Also, allow for reasonable vacancy rate and don’t forget maintenance per unit.
Next step is to calculate capitalization rate, also known as the cap rate. It is not generally a great idea to have cap rate under 6-7.5% unless the property has some real upside. For example, it has additional land, it has been extensively renovated, or there is some potential for additional income.
Another factor to consider is the mortgage rate interest. For example, you buy an investment property at 6.5% cap rate, pay 25% down payment and pay 5% interest on remaining mortgage. On the money invested, you will earn 6.5%, but on the money borrowed you will earn the difference between cap rate and the interest rate. This creates increased return on investment (ROI).
Like all investments, buying and owning investment property poses a form of risk. Real estate investment is dependent on your management skills. People may end up selling, what would be the best investment for them in long run, only because they don’t have knowledge, patience and understanding of managing real estate.
Filed under: Judita Makos | Tags: Kitchener, Kitchener-Waterloo, market update, real estate market, Waterloo
A new record for residential sales was set by Kitchener-Waterloo Real Estate Board in November. Mls sales reached 556 units, which is 87.8% increase from november 2008.
“For the third consecutive month we have seen a significant resurgence from the downturn that started last fall” reports Ted Scharf, the new President of Kitchener-Waterloo Real Estate Board.
There have been 6,108 residential units sold, meaning sales will easily surpass 2008’s year-end total of 6,115 units. Homes selling between $350,000 to $500,000 totalled 90 in November, and increase of 233 % compared with November 2008 and an increase of 67 % compared to last month. Another bright sign for the local economy, was the increase in the sale of builder product last month. There were 85 new construction homes sold in November, marking a 214.8 percent increase over the same month last year.
Kitchener – Waterloo Real Estate Market Update
September – November 2009
| SEPTEMBER | OCTOBER | NOVEMBER | |
| Homes Currently for Sale | 1917 | 1819 | 1696 |
| Homes Sold | 531 | 579 | 556 |
| Selling Ratio | 28% | 33% | 33% |
| Sale Price vs. List Price Ratio | 98% | 98% | 98% |
| Average Days on the Market | 47 | 46 | 51 |
| Median Selling Price | $239,900 | $238,700 | $252,900 |
| Average Selling Price | $255,400 | $258,600 | $277,600 |
Listings and Sales by Price Range
| Price Range | Actives | Solds | ||||||
| SEPT | OCT | NOV | SEPT | OCT | NOV | |||
| $150,000 or less | 190 | 167 | 137 | 66 | 61 | 53 | ||
| $150,000 – $200,000 | 215 | 190 | 180 | 79 | 92 | 79 | ||
| $200,000 – $250,000 | 328 | 293 | 300 | 153 | 168 | 137 | ||
| $250,000 – $300,000 | 301 | 283 | 267 | 86 | 116 | 101 | ||
| $300,000 – $400,000 | 434 | 441 | 386 | 103 | 93 | 120 | ||
| and Over $400,000 | 449 | 445 | 426 | 44 | 49 | 66 | ||
For a detailed statistical report relevant to your specific property and neighbourhood please
JUDITA MAKOS, SALES REP
CENTURY21 HOME REALTY INC
DIRECT; 519-572-0765
EMAIL; judita.makos@century21.ca
Plutonic, GE to resume work at Canada wind farm.
NEW YORK — GE Energy Financial Services and Plutonic Power Corp will restart construction of a 300-megawatt wind power farm in British Columbia, after a court approved the companies’ purchase of the project.
GE Energy Financial Services, a unit of General Electric Co., and hydroelectric company Plutonic together paid $52.5 million to bankrupt EarthFirst Canada Inc for the planned Dokie Wind farm, which would be the largest in the Canadian province.
Read more: http://www.financialpost.com/story.html?id=2330325#ixzz0ZQV7nZJY
The Financial Post is now on Facebook. Join our fan community today.
Filed under: Rebecca Sargent, Sustainability | Tags: consumerism, environmentalism, Sustainability
Now you may be surprised to hear this, considering that I write a blog about sustainable housing, but I do not consider myself an environmentalist. I do not feel like I am one of the green, tree-hugging folk.
I do live what most would consider a fairly green and simple life. I haven’t really been shopping in a few years now, aside from groceries and the occasional need for office supplies for my business (mostly 100% recycled paper and re-filling the ink cartridges in my printer). I think very carefully before I make a purchase and try to research its impact whenever possible. My clothes are all second hand from the thrift store or handmade creations by friends. I live in a very minimum square footage, use all non-toxic cleaners (thank goodness for baking soda), and take great measures to reduce my daily energy usage. I grow some vegetables and herbs for the fresh goodies through the harvest and to preserve to last me as far as I can get through the winter. Aside from chocolate (which I can’t imagine ever giving up!), I try to eat mostly a localvore diet, although I’m not extremely strict on this. I dream of the day when I will be able to live in a fully self-sustaining home, off the grid, growing all my own food myself.
So why do I write about sustainable housing, and why do I seem to care about environmental issues so much?
I’ve always considered myself a fairly good person. It has never been my intention nor want to cause another being harm and I have always been concerned with human rights and freedoms. It is with this purpose that my so-called “environmentalism” came to be.
I was once a fairly heavy consumer. I desperately wanted the latest and greatest, and coveted these goodies with great lust. I dreamt of a high-tech, gadget-filled existence and thought the tree-huggers to be unrealistic idealists with their head in the clouds.
That all began to change– slowly, but surely–after extensive world travels and years at university studying about global affairs began to really open my eyes. I read (and write) constantly about human rights and have for at least most of the past decade. I dream of a day where the basic human rights (you know, like those ones agreed upon by many nations–including our own–through the Universal Declaration of Human Rights over 60 years ago) are actually ratified and guaranteed by the governments of the world. A world where everyone has the basics they need to live a healthy and happy existence.
For me, environmentalism coincides with this dream. Pollution, in my opinion, violates my human rights. It affects my health and well-being and the health and well-being of my family. I should not have to endure a barrage of toxins if I don’t want to do so willingly.
Unfortunately, we have little choice in the matter. Our air and water is filled with toxic pollution and it is only getting worse. In some places, people are experiencing severe health problems due to the high toxicity levels in the air, ground or water. Their right to a standard of living adequate for the health and well-being of themselves and their families is being infringed upon by polluters.
High levels of consumerism are having an immense impact on pollution levels. We live in a society where we are expected to shop. We are expected to have a home computer and a cell phone and a big screen TV. We are taught from a young age to value material things. Unfortunately, this value for the material happens to contradict with many people’s value of doing no harm. It was this contradiction that led to my gradual life change.
Not only does the need for the latest-and-greatest cause tremendous pollution, which will harm the planet and the beings living on it, but many of these latest-and-greatest are also incredibly human rights abusing in their production. Now, I’m not just talking about sweat-shops, even thought almost every store in North America probably has at least one product created by sweat-shop labour. The abuses go much deeper.
Think about where your products came from and what it took for them to get from raw materials in and on the ground to your home. They have probably traveled hundreds if not thousands of miles, creating mass amounts of pollution along the way only to wind up in a landfill at the end of it.
If the product has metal components, it is possible that this metal was mined by slaves and you would never even know it. It is quite possible that it also provided financing for a murderous warlord to continue warring. For example, you’d be hard-pressed to find an electronic product such as a cellphone or laptop computer that hasn’t helped in some way to finance civil war or helped to continue the rape, torture or death of innocent civilians.
It is with this in mind, that I began to look into what I was consuming, why I was consuming it and how it was impacting the world. It is with this in mind that I became an “accidental environmentalist”. I started searching out the sources of the products and services I was using daily and whenever I found one that didn’t meet my ethical standards– I stopped using it. As I stopped using all the products and services to such a high degree– I noticed that I didn’t need or miss them after they were gone for a while. As I started looking into environmental issues more and how they were affecting the people of this planet, I started reading about the different renewable and sustainable technologies that exist. I starting thinking– why aren’t we using these? They make so much sense, not only from an environmental standpoint, but they are also more cost effective and efficient.
Reversing or slowing climate change has never been a prime goal for me. Not infringing on other people’s human rights, however, IS.
The next time you think about going green, think about this. Probably the number one greenest thing you can do for this planet and the beings living on it is to STOP CONSUMING SO MUCH STUFF!!
Everything you consume had to be created. It had to use goods mined or extracted from the earth, causing pollution and depleting often non-renewable resources, and is perhaps even using slave labour or causing war and death along the way. When you throw it away at the end of its usage it will probably wind up in a landfill leaching into our water supplies. So think before you buy– do I actually need this? Chances are, you probably don’t, and after a while, you probably won’t even miss it.
Filed under: Rebecca Sargent, Sustainability | Tags: green building, green roof, green wall, smart growth, suburban sprawl, sustainable cities, sustainable housing, sustainable living
Anyone who knows me knows that I’ve been dreaming of building my own earthship on a large acreage (enough for a woodlot, orchard and gardens) for many years now. I think about this all the time and hopefully someday in the no-so-distant future it will become a reality. I love growing vegetables/gardening, and definitely love the idea of living in a home that can provide me with self-sustaining renewable supplies of food, energy and water.
I also have dreams of a more integrative city in the future. A city where green spaces collide with living spaces and buildings can “live” on their own. Buildings that can collect and store energy, collect and clean water, and even grow food for their occupants, not to mention help clean the air.
It doesn’t matter whether you believe climate change is “hype”– these types of building and designs make sense in many other ways. In a world where security is an issue and people are told to create “emergency preparedness kits” for their homes, it makes good sense to not have to rely on a grid that could be possibly unreliable. It also saves money, create oxygen and creates a more natural looking setting.
It makes good sense to have a way to feed cities within the cities. This ensures that in case of emergency there are still food sources available to the population. It’s also much, much cheaper to grow your own produce from seeds than buying it and it tastes so much better because it hasn’t ripened on a truck or sat in storage at some facility before being shipped. There are even services out there now in some cities that you can hire to come and tend your vegetable garden for you if you don’t want to grow them yourself. They can be grown on roofs, sidewalks, and any space big enough to hold a pot. The spaces on roofs and boulevards can also be rented out to others for them to grow produce or flowers.
It makes good sense to have energy available on a renewable individual basis without having to be attached to some massive grid. Again it’s cheaper– much, much, much cheaper. Installation costs can be returned on utility savings in short periods of time and if you are collecting enough energy, you never pay for utility costs again. You only have to worry about maintenance and replacing the systems every 15-25 years. Again– in the case of emergency– you still have power. Makes sense.
It makes good sense to have a way to clean and collect water. We all need water to live, and we use a LOT of it. There are many creative ways to reduce, collect, treat and clean water that have been converted to home use and could be done on a much larger scale. Reed bed waste water systems, for example, have very low operational costs compared to other types of waste treatment options because they use gravity for the main pumping instead of coal-burning fuel. They also look better from the outside, because instead of a massive treatment facility spewing out sludge there is only a space full of plants (creating more green space).
The city I imagine uses space wisely– more efficiently and thoughtfully. It integrates and maximizes spaces like the roofs and walls of buildings in innovative ways. It diversifies the usages of the land– combining retail space with business space, with residential space, with farm space, with industrial space, with recreational space, and making them all work together, reducing the need to travel for daily activities.
These types of initiatives are starting to happen all around us. The more we invest and use these types of systems– the better they will become. Ontario has started to implement Smart Growth policies in an attempt to redevelop the land to help prevent urban sprawl.
So let’s start creating energy, creating useful space and creating clean air instead of using energy, destroying useful space and polluting the air. It just makes sense!
Filed under: Rebecca Sargent, Sustainability | Tags: criticism, geothermal, solar, sustainable housing, sustainable living, sustainable technology, wind turbine
Sustainable technologies such as solar panels, wind turbines and geothermal heating are just really starting to take off. The more these type of technologies are used and become popular, the more efficient they can become, allowing different and new types of technology to emerge onto the marketplace.
There are criticisms of many of the systems and those who use them will surely tell you they are not without their flaws. Some of the first earthships created, for example, were designed in such a way that they produced excessive, unlivable amounts of heat. They had to be tweaked and perfected in such a way that would address the problems so that they could be livable. As a result, newer earthships are better designed and more comfortable to live in. They needed to be used, tested and tried to even discover what the real problems were to be able to even begin to address them.

Renewable energy and sustainable technology is really only at its infancy. We are just beginning to realize the true potentials and possibilities that are out there. The best is yet to come.
One of the biggest problems I see with many of the renewable energy technologies (such as solar, geothermal and wind turbines) being truly sustainable is the resources that they require in batteries or heavily mined materials to manufacture them. All batteries require mined metals and minerals that are non-renewable and incredibly waste intensive. Many of the technologies are also incredibly waste intensive during their manufacture, distribution or at the end of their lifecycle, as they wind up in landfills leaching toxins into the garbage soup that may eventually find its way into our groundwater.
Sustainable means thinking about the entire lifecycle of a product, not just how much energy it will save during its usage. How much energy went into its manufacture? How much waste was created? How far did it travel? Where will it go when its done being useful? Will it wind up in a landfill, or can it be recycled? I always like to add to this, was it created/distributed/disposed in a manner respectful of all human rights, because to me, this is also part of being truly sustainable. If a product was manufactured using slave labour or disposed of in a way that will toxify other human beings– it is definitely not sustainable.
So what’s best to use? Which technologies are best? How should we live our lives in the most sustainable way?
There’s no magic answer. Mostly, because the way the world is set up right now, it’s next to impossible to really find out the full details of every product you are using, even if you wanted to. The average product makes at least 10 stops along the way before it ever reaches our stores and we throw it away when its finished its use with little regard for where it will truly end up. This is not being sustainable. There are many great technologies out there waiting to come out and many companies trying to be as fully sustainable as possible, but unfortunately they are being shrouded by all the greenwashing that’s out there.
It’s time to stop greenwashing, and instead really focus on being truly sustainable. This won’t happen overnight, and will take some trial and error. It will take companies looking into the entire lifecycle of their products and finding ways to reduce their impact overall, people wanting to be more conscious and governments strong enough to make responsible legislation.
If you find faulty “green” claims out there or cases of greenwashing- you can report them under the Competition Act.



























