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Buying a brand new house often comes with questions, especially when it comes to costs. One of the biggest factors has always been HST, and that is where a recent update may change the conversation for many buyers.

In this video, I walk through a recent update to the HST rebate on new home construction and what it could mean for buyers considering a brand new home.

What Has Changed

  • The HST rebate on new home construction has been expanded for a limited time.
  • This expanded rebate now applies to all buyers, not only first-time buyers.
  • The goal is to help reduce upfront costs and improve affordability for those entering the market.

How The Rebate Works

  • On homes priced around $1,000,000, buyers may recover the full HST amount through the rebate.
  • The maximum rebate is approximately $130,000.
  • That maximum can still apply on homes up to about $1,500,000.
  • Above that price, the rebate is reduced as the purchase price increases.

One important point to understand is that while you may hear that HST is removed on lower price points, the same level of savings does not carry all the way through higher price ranges. The rebate is capped and gradually reduced

More information is still coming, and weโ€™ll be keeping a close eye on how this actually plays out.

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Open House. Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Please visit our Open House at 176 Snyder Avenue N in Elmira. See details here

Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Move-in ready and beautifully finished, this 3 bedroom, 3 bathroom Claysam Homes property is located in great Elmira neighbourhood, walking distance to Riverside Public School and scenic trails. Step inside to a welcoming foyer featuring a warm accent wall and plenty of space for guests and storage. The bright open-concept kitchen and living area overlook the private fenced backyard, creating a perfect space for everyday living and entertaining. The kitchen features quartz countertops, stainless steel appliances, modern backsplash, ample cabinetry and a spacious island ideal for meal prep and casual dining. The adjoining living room offers a stylish feature wall, sleek electric fireplace and custom live-edge built-in shelves, creating a warm and contemporary gathering space. Large windows and an oversized patio door lead to the private, fenced backyard featuring a gorgeous stamped concrete patio, perfect for outdoor dining or relaxing on summer evenings, and a newer shed. Main floor laundry and a 2pc powder room complete the main floor. Upstairs, a versatile family room provides excellent flex space for busy families. The upper level also includes two additional good sized bedrooms and a spacious primary suite with walk-in closet and 4-piece ensuite. The 4 pc. main bathroom completes this level. The unspoiled basement offers excellent storage and the opportunity to create additional living space tailored to your needs. A double garage and double driveway provided ample parking. Easy access to all Elmira has to offer, shopping, schools, rec centre, parks, splash pad and trails. A wonderful opportunity to own a modern family home in a fantastic community.

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Owning a home comes with questions. Sometimes it is a repair, sometimes it is a quote from a technician, and sometimes you simply want to know whether something is truly a problem or not.

In this video, I talk about something many homeowners discover after moving in. When an unexpected issue comes up, knowing who to call can make the situation far less stressful.

Why Having Trusted Service Professionals Matters

  • Home systems like furnaces, water heaters, and appliances sometimes need attention.
  • Quotes or recommendations can vary depending on who you speak with.
  • Having a reliable professional you trust helps you make decisions with more confidence.

A Network Can Make Homeownership Easier

  • Over the years we have built relationships with local technicians, contractors, and service providers.
  • These are people who have taken good care of our clients and earned a reputation for solid work.
  • When something unexpected comes up, having a recommendation can save time and reduce uncertainty.

One of the things Melanie and I enjoy most about working with homeowners across Waterloo Region is staying connected long after the move. Real estate is not only about buying and selling homes. It is also about helping people navigate the responsibilities that come with owning one.

If you ever need a recommendation for a reputable local service provider, feel free to reach out. We are always happy to help connect you with the right people.

Watch the full video above, and connect with us anytime if you would like guidance around homeownership or your next move in Waterloo Region.

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New property listed in 550 - Elmira, 5 - Woolwich and Wellesley Township

We have listed a new property at 176 Snyder Avenue N in Elmira. See details here

Move-in ready and beautifully finished, this 3 bedroom, 3 bathroom Claysam Homes property is located in great Elmira neighbourhood, walking distance to Riverside Public School and scenic trails. Step inside to a welcoming foyer featuring a warm accent wall and plenty of space for guests and storage. The bright open-concept kitchen and living area overlook the private fenced backyard, creating a perfect space for everyday living and entertaining. The kitchen features quartz countertops, stainless steel appliances, modern backsplash, ample cabinetry and a spacious island ideal for meal prep and casual dining. The adjoining living room offers a stylish feature wall, sleek electric fireplace and custom live-edge built-in shelves, creating a warm and contemporary gathering space. Large windows and an oversized patio door lead to the private, fenced backyard featuring a gorgeous stamped concrete patio, perfect for outdoor dining or relaxing on summer evenings, and a newer shed. Main floor laundry and a 2pc powder room complete the main floor. Upstairs, a versatile family room provides excellent flex space for busy families. The upper level also includes two additional good sized bedrooms and a spacious primary suite with walk-in closet and 4-piece ensuite. The 4 pc. main bathroom completes this level. The unspoiled basement offers excellent storage and the opportunity to create additional living space tailored to your needs. A double garage and double driveway provided ample parking. Easy access to all Elmira has to offer, shopping, schools, rec centre, parks, splash pad and trails. A wonderful opportunity to own a modern family home in a fantastic community.

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Open House. Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Please visit our Open House at 176 Snyder Avenue N in Elmira. See details here

Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Move-in ready and beautifully finished, this 3 bedroom, 3 bathroom Claysam Homes property is located in great Elmira neighbourhood, walking distance to Riverside Public School and scenic trails. Step inside to a welcoming foyer featuring a warm accent wall and plenty of space for guests and storage. The bright open-concept kitchen and living area overlook the private fenced backyard, creating a perfect space for everyday living and entertaining. The kitchen features quartz countertops, stainless steel appliances, modern backsplash, ample cabinetry and a spacious island ideal for meal prep and casual dining. The adjoining living room offers a stylish feature wall, sleek electric fireplace and custom live-edge built-in shelves, creating a warm and contemporary gathering space. Large windows and an oversized patio door lead to the private, fenced backyard featuring a gorgeous stamped concrete patio, perfect for outdoor dining or relaxing on summer evenings, and a newer shed. Main floor laundry and a 2pc powder room complete the main floor. Upstairs, a versatile family room provides excellent flex space for busy families. The upper level also includes two additional good sized bedrooms and a spacious primary suite with walk-in closet and 4-piece ensuite. The 4 pc. main bathroom completes this level. The unspoiled basement offers excellent storage and the opportunity to create additional living space tailored to your needs. A double garage and double driveway provided ample parking. Easy access to all Elmira has to offer, shopping, schools, rec centre, parks, splash pad and trails. A wonderful opportunity to own a modern family home in a fantastic community.

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As winter begins to shift into spring, many buyers start to re-enter the housing market. While the snow may still be melting, this time of year can actually offer some helpful insights when viewing homes.

Late winter and early spring allow buyers to observe how a property responds to seasonal changes. Melting snow, changing temperatures, and thawing ground can reveal small details that are not always visible during other times of the year.

In our latest video, I highlight three simple things buyers may want to notice when viewing homes as winter transitions into spring. These observations can provide useful context when considering a property.

Watch Where Melting Snow and Water Go

  • As temperatures rise, melting snow can show how water naturally moves around the property.
  • Buyers may notice where water flows near driveways, yards, and foundations.
  • This can offer helpful clues about how the property handles seasonal changes.

Observe the Roof as Snow Begins to Clear

  • Snow often melts at different speeds depending on sunlight, roof design, and insulation.
  • Watching how snow clears from a roof can give buyers additional context during colder months.
  • These observations can simply help buyers better understand the home.

Pay Attention to the Basement and Lower Level

  • Seasonal thaw naturally brings more moisture into the environment.
  • This can be a useful time to notice how the basement or lower level feels during the transition.
  • A comfortable and dry space during this time of year can provide reassurance moving forward.

If you are planning a move this year, late winter and early spring can be a great time to begin your search and gain a clearer perspective on the homes you visit.

Together with Melanie, we would be happy to help you take the next step whenever you are ready.

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๐Ÿ“Š Waterloo Region Real Estate Update โ€“ February 2026

As of March 4, 2026: February continued the trend toward a more balanced real estate market across Waterloo Region. Inventory levels remain higher than the past few years, buyers are taking a little more time to make decisions, and pricing has adjusted slightly compared to last year. Hereโ€™s a quick look at what stood out this month:

  • ๐Ÿ  348 homes sold
  • ๐Ÿ“‹ 742 new listings came to market
  • ๐Ÿ’ฐ Average price: $726,956 (down 5.4% year over year)
  • โฑ๏ธ Average days on market: 37

Single-family homes saw 208 sales in February, with an average price of $866,616, down 5.4% compared to this time last year. Months of supply for detached homes sits at 1.9 months, which still reflects relatively tight inventory in this segment.

Looking at other property types, 18 semi-detached homes sold with an average price of $596,301. Condominiums recorded 44 sales with an average price of $411,009, while 77 townhomes sold at an average price of $570,178. Buyers in these segments are seeing slightly more selection and time to make decisions than in previous years.

Overall, the Waterloo Region housing market continues to move toward balance. With sales activity softer compared to last year and inventory levels gradually adjusting, both buyers and sellers are navigating a market that is becoming more stable heading toward the spring season.

If you would like a deeper breakdown by Kitchener, Waterloo, Cambridge, or by your specific property type, Melanie and I are always happy to walk through the numbers with you and help you understand what they mean for your next move.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORSยฎ
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

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New property listed in 313 - Downtown Kitchener/West Ward, 3 - Kitchener West

We have listed a new property at 409 104 Garment Street in Kitchener. See details here

Available May 1st. Amazing opportunity to live in this nicely appointed, downtown condo with a 530sq ft. private terrace. This 2 bed, 2 bath, 1063 sq ft unit is located in Tower 2 of the Garment Street Condos in the heart of the Innovation District. Features include luxury vinyl plank flooring throughout, cool, crisp neutral paint colours, built in closet organizers in every closet, sleek modern kitchen with island, granite countertops and beautiful backsplash. Stainless steel appliances included for tenants use. Primary bedroom has lots of natural light, double closet and 3 piece ensuite bathroom. Walkout from the living room to an enormous private terrace that wraps around the whole unit and offers a panoramic view of downtown Kitchener. A second bedroom, full bathroom, custom blinds throughout, insuite laundry and a storage room complete the unit. 1 underground parking spot and internet is also included. The building amenities include an Exercise Room, Media Room, Party Room, Roof Top Deck/Garden, Bike Storage. Walking distance to the LRT, the School of Pharmacy, GOOGLE plus much more. Beautiful Victoria Park is a short walk and hosts many community events and festivals throughout the summer. Downtown Kitchener offers great restaurants, bars, pubs, entertainment and shopping. GO and VIA are also nearby for commuting into TO. $2700/month plus hydro, 12 month lease, no smoking, no pets.

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