Profits and Pitfalls: Buying an off-campus Property

 The spring before their oldest daughter started her second year of studies at Wilfrid Laurier University, Joe and Ileen Capone decided to buy a four-bedroom townhouse in Waterloo, the southwestern Ontario town where the university is located. Their plan? Instead of paying for off-campus residence, the Capones intended to have their daughter live in the townhouse and rent the remaining bedrooms to other students.

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Housing Market Outlook for Kitchener

Kitchener-Waterloo Market at a glance: Existing homes sales will increase slightly in 2012, but decline in 2013 as mortgage market conditions become less accommodating. New listings will remain high and the market balanced through 2012 and into 2013 in KW. New home construction will increase in 2012 due to strong apartment construction. Low mortgage rates and population and employment growth will support housing demand. Read more ...