The Riz Team Blog

Archive for the ‘News From the City’ Category


Wednesday, February 7th, 2018

The Riz Team January Stats

There were 270 residential sales in January through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 18 per cent compared to January 2017.

“On the surface, activity appears to be somewhat sluggish in January, says Tony Schmidt, KWAR President. “However if we set aside the past two years, it was a very typical January in terms of the number of sales. What is less typical is that listing inventory is still at historic low levels, and we continue to see multiple offers on properties putting upward pressure on prices.”

Total residential sales in January included 149 detached (down 23.6 per cent), and 70 condominium units (down 11.4 per cent) which includes any property regardless of style (i.e. semis, townhomes, apartment, detached etc.). Sales also included 27 semi-detached homes (down 18.2 per cent) and 22 freehold townhouses (up 10 per cent).

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Steady Home Sales in August….

Friday, September 8th, 2017

A total of 483 residential sales occurred through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in August. This was 19.2 per cent below August 2016’s record breaking 598 units sold but still ahead of the previous 5-year August average of 473 sales. Residential sales last month brings a year-to-date total of 4,876 residential units, an increase of 3.7 per cent compared to 2016. “I think we’re seeing some stability return to the market” says James Craig, President of KWAR. “Last summer’s record setting sales was unsustainable and created a market that no one enjoyed.”

The Riz Team Market Update August 2017

Canada Day July 1st, 2015

Monday, June 29th, 2015

Canada Day Local Eventsautumn-leaves-869368-s

Canada Day @ Waterloo Region Museum (DOON)

9:30 a.m. to 5:00 p.m. FREE Admission! Waterloo Region Museum is throwing a party to celebrate Canada Day and everyone is invited! Admission is FREE to the museum and Doon Heritage Village for this fun family event including musical entertainment, fun games like croquet and horseshoes. Guests bring your own picnic lunch or purchase a tasty BBQ lunch.

Columbia Lake Events starting at 4:00 P.M

~ featuring Bobs & LoLo and TVOKids host Gisele

~ featuring live performances by The Strumbellas and Kim Mitchell

~including face painting, water slide, inflatable rides and more

~featuring Waterloo Brewing Co. and a diverse range of local food vendors

~Fireworks finale at 10 p.m.

Kitchener City Hall

Come celebrate Canada Day with us in Downtown Kitchener from 4 p.m. – 11 p.m. This exciting celebration will feature live Canadian entertainment, fireworks from the roof top of Kitchener City Hall, a licensed beer garden, downtown vendors to satisfy your hunger, and much more!


January’s Deep Freeze Slows Overall Home Sales

Friday, February 7th, 2014





Residential Sales up in November

Wednesday, December 5th, 2012

By Kitchener-Waterloo Association of REALTORS® (KWAR) admin   •December 5th, 2012

KITCHENER-WATERLOO, ON (November 5, 2012) –– Residential real estate sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were up 7.3 percent last month compared to November of last year.

There were 486 residential properties sold in November, bringing the year-to-date total to 5,931, just nine more home sales than during the first 11 months of 2011. The total value of homes sold last month was $151 million, up 11.3 percent over last year.

“In terms of total unit sales, it was a better than average November” says Dietmar Sommerfeld, president of the KWAR. “Our figures show that residential transactions in November were 6.8 percent above the previous 5 year-average.”

November’s residential sales included 318 detached homes (up 8.9 percent), 33 semi-detached (down 17.5 percent), 26 townhouses (up 4 percent), and 103 condominium units (up 14.4 percent).

There was a jump in the number of home selling in the $500,000 to $750,000 price range — 41 homes compared to 23 in November of last year. This put some upward pressure on the average price range.

The average sale price of all homes sold in November was $311,604, compared with $300,447 a year ago, an increase of 3.7 percent. Single detached homes sold for an average price of $359,439, compared with 346,044 last year, up 3.9 percent.

The median price for all homes sold in November was $287,750 compared with $275,000, an increase of 4.6 percent. Single detached homes sold for a median price of $326,500 compared with $315,000 last year, up 3.7 percent.

Sommerfeld says that despite talk of cooling markets in some Canadian cities, continued low borrowing costs, confidence in the local real estate market, and a well-diversified local economy are keeping Kitchener-Waterloo’s housing market steady and stable.


Petition opposes changes to Waterloo sign bylaw

Tuesday, October 2nd, 2012

City of Waterloo is considering controls on mobile signs like these, pictured in 2009 along Hespeler Road in Cambridge.  At that time, Cambridge wrestled with new rules for mobile signs like Waterloo is now.

   Rick Koza

WATERLOO — Those portable, neon-letter signs may be criticized by some as roadside eyesores and have prompted proposed changes to Waterloo’s sign bylaw, but sign company operators told council Monday night that those signs can attract up to 30 per cent of the sales for the businesses that use them.

“Many business owners will tell you that portable sign advertising keeps them in business,” Mike Gaudreau told council.

Gaudreau, of React Mobile Signs, was one of several people who appeared before Waterloo city councillors Monday to weigh in a proposed new sign bylaw that would limit or eliminate their ability to use mobile signs. He brought to council a petition signed by 87 businesses that oppose some of the changes.

Several worried business owners also sent letters and emails to councillors. Those businesses range from tanning spas and restaurants to credit unions and flower shops. Many have been in the community for decades.

Under a Freedom of Information request, Gaudreau learned there were 18 complaints about mobile signs this year. Five came from the public, the rest were generated internally, likely from staff, according to the city’s director of bylaw.

He said his information request showed that mobile sign permits brought in about $84,000 in revenue for the city at the same time.

Dave Lamka of A to Z Signs, said Kitchener businesses can use mobile signs six months out of the year, giving them a competitive advantage.

“Business owners in Kitchener will use their six months of mobile sign time to take badly needed sales from Waterloo’s local business owners,” he said. “Many badly needed jobs will be lost in Waterloo.”

Portable or mobile signs — the ones with neon letters — wouldn’t be allowed anymore in commercial plazas under a proposed citywide sign bylaw. They could be used in other areas, including those zoned “corridor commercial.”

They would be allowed to use accessory signs such as A-frame, T-frame or sandwich board signs, instead.

No decision was made at the meeting.

“I’m a little concerned that depending on where you are, your sign options are a little limited,” Coun. Scott Witmer said.

A number of changes are proposed to Waterloo’s sign bylaw that will impact everyone from business owners and landlords to real estate agents and neighbourhood associations. The proposed changes include:

  Grandfathering existing roof and billboard signs, but not allowing new ones;

  Allowing the city’s sign variance committee to approve applications, instead of requiring council approval;

  Limiting neighbourhood association signs to 12 per year, with other rules;

  Allowing landlords to post temporary signs advertising vacancies but disallowing signs to advertise property management companies on the facade of any residential building; and

  Real estate signs can’t sit on lawns longer than the property is available for sale, rent or lease. Sold signs can be posted for a maximum of two weeks.

Mayor Brenda Halloran does not support handing sign approval authority to staff.

“I think all applications should still come to council because we’re the voice of the community,” she said. “That concerns me a lot.”

City staff have been working on the new policy for more than a year. According to a report, they consulted with stakeholders and held a public open house July 31.

Staff are making changes based on council and public input and will bring a revised bylaw to council for approval later this year.

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