As someone who's lived in the Galt Core, and given my profession, I take great pride in living in a beautiful town where we can enjoy many old buildings with boundless charm and character. That are half empty. And have been that way since I first moved into the core in 2003. Every time a new shop opens, another can be found shuttering it's door and windows. We want to revitalize the core. We want us to move forward. We want LRT, and GO trains, and to get back to the river. But how are we going to achieve all these things if we don't get warm bodies downtown? We should be so lucky, that someone wants to spend $130m in our core, and we must be willing to work with them instead of putting up roadblocks. We know this to be true from our own gardens and homes. Left neglected, even the pretties gardens will whither and die. If we have to alter the garden to accommodate a caretaker, isn't that a better and more fitting way to protect it, rather then just neglect it? The end result will be more money spent in our core, more businesses thriving and hiring more people, and so on. And just perhaps, Mayor Craig will be able to sleep a little more easier, seeing a lot less people utilizing the Cambridge Food Bank. Let's just build the damn towers already. Are 20 stories too high? Should they be reduce to 18 or 16? Do you think that will make a difference? Post your comments below! :-)
Probably the number one question I get at open houses these days: is the market slowing down? And the answer to that depends on how you look at it. The number of sellers have certainly increased, but the buying pool I think for the most part has remained the same. It seems buyers no longer feel like if they miss out on something, they may not get another chance. I checked to see sales in Cambridge, this week June 5th through June 9th. There were 43 sales that week, and 79% of those sale were at, or above asking price (108% of list price). At first glance that seems like an indication that Sellers are still getting well over asking price in most of the cases. And you'd be right for drawing that conclusion. But when you examine the data from May 8th to 12th, we find 90% of the sales at or above asking price (110% of list price). We also know that inventory levels are increasing so all of this is to be expected. So have potential seller's missed the boat? Certainly not, but more so than a month ago, buyers have options and thus it's crucial that your list price be bang on. Do you have questions about pricing? How do you feel about the direction the market is heading? Comments are always welcomed.
Buying and Selling Residential, Condominium and Investment real estate in the Waterloo Region since 2008. Oh, and also Ottawa! :-D