No Comments

Are Buyers in KW Going to See Transparent Bidding in Real Estate?

New Rules

If the rules are changed, it certainly is not the first time in recent memory. The new mortgage rules, introduced in January 2018, approached the changing real estate market in its own fashion. In its case, stricter rules regarding who qualifies for a mortgage – and the amount of that mortgage – were introduced, and we continue to see the effects of this change playing out.

Read more

No Comments

Is It OK to Buy a Home Near the Airport?

Pre-Flight Instructions

WRX Property Group is proudly located in Kitchener-Waterloo, and we operate primarily in Kitchener-Waterloo-Cambridge, the Waterloo Region Townships, Guelph and Wellington County. As such, we’ll be speaking with one particular airport in mind: the Region of Waterloo International Airport (though it’s worth noting there’s also a much smaller airport near Guelph).

Read more

No Comments

Are Prices of Newbuild Homes Negotiable?

What Can You Negotiate For?

Although the prices of Newbuild Homes are fairly set, prospective buyers do still have some tools at their disposal. Buyers can negotiate on specific, tangible things, in addition to costs that are separate from the price of the property itself. For example, there can be room to negotiate for tweaks to the property itself: more finishes, certain sorts of upgrades. It might be possible to include something like the price of insurance, as well.

Read more

No Comments

Do You Pay Tax on Selling Real Estate?

Return of the Return

For most Canadians, the time for tax returns is the same every year: April 30th. Individuals fill out the appropriate forms in order to report the salient details of the prior fiscal year (so on April 30th, 2019, the taxes being filed will relate to January 1st, 2018 to December 31st, 2018). The tax return is concerned with taxable income and tax credits (and details concerning the two). At the end, you’ll end up with a certain amount owing to the federal government, or an amount to be refunded.

Read more

No Comments

Cambridge’s Hockey Legacy: Hilda Ranscombe and the Preston Rivulettes

Doon, 1913

We’ll explore the modern day towards the end of the article, but first, let’s turn our attention away from the inception of hockey (and its official declaration as Canada’s favourite) and toward a certain corner of a certain city called Kitchener, in September of 1913. Except at that time, this corner of Kitcher wasn’t called Kitchener – it was Doon.

Read more

No Comments

How the University of Waterloo Transformed Waterloo into a Tech Hub

A Brief History of UW

UW’s earliest history dates back to 1911, when the Evangelical Lutheran Theological Seminary of Eastern Canada opened to students in Waterloo (and Berlin [Kitchener]). The seminary expanded in 1914 to include non-denominational courses, which were offered under the name Waterloo College School. Before we can see how this small college eventually became UW, we must first meet one of its graduates: Gerald Hagey.

Read more

No Comments

How Did Kitchener Change its Name from Berlin?

The Backstory

In the early nineteenth century, German speaking Mennonites from Pennsylvania migrated north. Some settled in the area that would go on to become Cambridge, some went further up to Waterloo, some went to the surrounding areas, and some settled in the land that would go on to become Kitchener.

Read more