GETTING TO KNOW: LEE QUAILE, BROKER OF RECORD, CHESTNUT PARK WEST INTERVIEW BY CAI SEPULIS CHESTNUT PARK WEST WAS LAUNCHED IN SPRING 2018 WITH A CORE OF SIX HIGHLY EXPERIENCED REALTORS. SINCE THEN THE BROKERAGE HAS GROWN photo provided by Chestnut Park Realty West
TO A TEAM OF OVER THIRTY BROKERS, REALTORS AND STAFF, WITH LOCATIONS IN UPTOWN WATERLOO AND DOWNTOWN GUELPH. RECENTLY, I SAT DOWN WITH THEIR BROKER OF RECORD, LEE QUAILE, TO CHAT ABOUT THE CURRENT REAL ESTATE MARKET AND WHAT WE MIGHT EXPECT GOING FORWARD. WITH OVER THIRTEEN YEARS EXPERIENCE IN KITCHENER-WATERLOO, LEE IS AN UNDENIABLY RELIABLE SOURCE. 117 HOW IS COVID AFFECTING THE LOCAL MARKET?
Don’t settle for half measures. Make sure you’re
Early spring showed signs of uncertainty with
working with a responsive and knowledgeable
many people adopting a ‘wait and see’ attitude.
realtor who understands both the market and
But as soon as folks saw that June prices in
your goals. The agent you choose should be
Waterloo Region and Guelph were holding strong,
committed to making sure that your property
there was a resurgence of activity. Prices have
gets maximum exposure to potential buyers and
only gone up since then.
is professionally and attractively represented
WHY DO YOU THINK OUR LOCAL MARKET HAS REMAINED SO STRONG?
ANY TIPS FOR SELLING YOUR HOME?
wherever it’s advertised.
ANY TIPS FOR FIRST TIME BUYERS?
Some people were understandably pessimistic
The best time to jump into the market was
in the early stages of the pandemic, but at
yesterday. The second best time is now. Average
Chestnut Park West we’ve been extremely bullish
sale prices year over year in Kitchener-Waterloo
on Southwestern Ontario. There are so many
from July 2019 to July 2020 have increased
factors working in our favour – including a strong
by over 22% - meaning down payments and
and diverse economy, massive investment in
mortgages are only getting more expensive as
development and infrastructure, a well-educated
time goes by.
workforce, and more. A quick recovery was always in the cards. CH ES TNUT P A RK R EA LT Y S OUTH WES T ER N ON T A RI O LT D . , BROK ERA G E THE SHOPS AT WATERLOO TOWN SQUARE 75 KING STREET SOUTH, UNIT 50, WATERLOO
chestnutparkwest.com
BEST PART OF YOUR JOB I think I can speak for all our realtors when I say that seeing a satisfied client on closing day is the best feeling this industry can bestow.
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