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Waterloo Region Housing Market Sees Cooling Trend: Increased Inventory and Lower Prices Provide Opportunities for Buyers

Waterloo Region Housing Market Sees Cooling Trend: Increased Inventory and Lower Prices Provide Opportunities for Buyers In June, a total of 674 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 13.7 per cent compared to the same period last year and a decline of 24.8 per cent compared to th...

Waterloo Region Sees Dip in Home Sales Due to Sluggish Condo Market

Waterloo Region Sees Dip in Home Sales Due to Sluggish Condo Market “May saw a dip in the number of sales across all categories, with condo apartments experiencing the largest drop,” says Christal Moura, president of WRAR. “The Condo market also had the greatest supply level, posing a challenge for sellers, especially for units with one or fewer bedrooms, wher...

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Waterloo Region Sees Slight Sales Growth in April Alongside a Strong Increase in Homes for Sale

Waterloo Region Sees Slight Sales Growth in April Alongside a Strong Increase in Homes for Sale. “The real estate market appeared to be well-balanced last month,” says Christal Moura, president of WRAR. “The market experienced a slight increase in home sales and moderate price fluctuations. Additionally, the number of homes for sale reached an eight-year high for the month of April, which...

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The Waterloo Region Experienced a Record Low in Home Sales During March

The Waterloo Region Experienced a Record Low in Home Sales During March “While home sales in Waterloo Region hit a record low for March in over two decades, we're also witnessing a positive trend,” says Christal Moura, president of WRAR. Over the past three months, prices and activity have started to pick up, and I expect this momentum will continue into the spring....

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Waterloo Region Home Sales Sluggish in February, Prices Steady

Waterloo Region Home Sales Sluggish in February, Prices Steady “Home sales remained sluggish in February, up over last year’s record-breaking low, but still well below historical norms for February,” says Christal Moura, president of WRAR.

LAND TRANSFER TAX BASED ON AVERAGE PRICE IN MAJOR CANADIAN URBAN CENTRES (2024)

Taxes Contributing to Shift to More Affordable Canadian Housing Markets Land transfer taxes and new property assessments in key markets appear to have little effect on the surface, but eroding affordability is shifting migration patterns in Canadian real estate.

Waterloo Region’s Housing Market Shows Signs of Improvement in January

Waterloo Region’s Housing Market Shows Signs of Improvement in January “January is traditionally a slower time of year for home sales, but it’s reassuring to see the increase compared to last year,” says Christal Moura, president of WRAR. “This time last year, we hit an all-time low in January home sales, and while this year has begun with sales below the histo...

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Annual Home Sales Down Significantly in Waterloo Region in 2023

Annual Home Sales Down Significantly in Waterloo Region in 2023 There were 6,623 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in 2023, a decrease of 14.8 per cent compared to 2022, and a decline of 23.2 per cent compared to the previous 5-year average for annual sales.

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Waterloo Region Home Sales Cool in November

Waterloo Region Home Sales Cool in November "Last month, the number of homes sold followed their typical pattern of cooling to match the weather, but with consumer confidence continuing to drop, we saw sales slump to their lowest level for November in over a decade,” says Christal Moura, president of WRAR. “With many still waiting to see ...

Home Sales Picked up in October but Still Subdued

Home Sales Picked up in October but Still Subdued "Homes sales in the Waterloo Region were up over last October’s record low but are still subdued,” says Megan Bell, president of WRAR. “I breathed a sigh of relief last week when the Bank of Canada held its policy rate at 5 per cent, and I will be watching to see what the Bank of Canada does a...

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COMPETITIVE MARKET LEADS TO HUGE PRICE GAINS IN JULY

COMPETITIVE MARKET LEADS TO HUGE PRICE GAINS IN JULY - Kitchener-Waterloo Association of REALTORS® There were 734 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in July, an increase of 25.7 per cent compared to the same month last year, and well above the previous ten-year average for July of 531.

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HOME SALES CLIMB IN MAY COMPARED TO RECORD-LOW APRIL, AVERAGE SALE PRICES SHOW STRENGTH

HOME SALES CLIMB IN MAY COMPARED TO RECORD-LOW APRIL, AVERAGE SALE PRICES SHOW STRENGTH - Kitchener-Waterloo Association of REALTORS® KITCHENER-WATERLOO, ON (June 3, 2020) ––There were 419 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in May 2020, a decrease of 40.5 per cent compared to May 2019, and an 80 per cent increase compared to...

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APRIL HOME SALES IMPACTED BY COVID-19 PANDEMIC, HOME PRICES REMAIN STRONG

APRIL HOME SALES IMPACTED BY COVID-19 PANDEMIC, HOME PRICES REMAIN STRONG - Kitchener-Waterloo Association of REALTORS® KITCHENER-WATERLOO, ON (May 4, 2020) ––There were 227 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in April, a decrease of 63.6 per cent compared to the same month last year, and the lowest number of sales...

HOME SALES IN MARCH CAME IN LIKE A LION WENT OUT LIKE A LAMB

HOME SALES IN MARCH CAME IN LIKE A LION WENT OUT LIKE A LAMB - Kitchener-Waterloo Association of REALTORS® KITCHENER-WATERLOO, ON (April 3, 2020) ––There were 577 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in March, an increase of 13.1 per cent compared to the same month last year, and 0.2 per cent below the...