Residential home sales have dropped over 30% from the 5 year average, the average number of days for a home to sell in September was 23, the 5-year average is 20 and the number of homes for sale in September was 918, which is over 35% below the 10-year market average of 1,515 listings. The lower number of available listings is leading the Waterloo region towards a sellers market, although prices are stabilizing with homes selling closer to their asking price. WATERLOO REGION, ON (October 5,... [read more]

Highlights Home prices continued to drop in June from 2021 levels as supply increases by 49.2% from June 2021. For buyers that translates to more choices and less stress in finding their new home. Sellers can expect that it may take more time to sell their home and for potentially less money than they were expecting. KITCHENER-WATERLOO, ON (July 6, 2022) — There were 561 residential homes sold through the Multiple Listing Service® System (MLS® System) of the... [read more]

WATERLOO REGION, ON (August 5, 2022) — 550 residential homes were sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in July, a decrease of 32.8 per cent compared to July 2021, and 32.3 per cent below the previous 5-year average for the month. “In the wake of July’s interest rate hike, home sales in Waterloo Region continued to slow,” says Megan Bell, President of WRAR. “We’re seeing... [read more]

WATERLOO REGION, ON (September 7, 2022) — 659 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in August, a decrease of 8.1 per cent compared to August 2021 and 11.2 per cent below the previous 5-year average for the month. Total residential sales in August included 413 detached (down 0.7 per cent from August 2021), and 117 townhouses (down 24.0 per cent). Sales also included 68... [read more]

KITCHENER-WATERLOO, ON (June 3, 2022) —There were 661 residential homes sold through the Multiple Listing Service® System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May, a decrease of 22.7 per cent compared to the same month last year, and 5.5 per cent below the previous 5-year average. “The increase by the Bank of Canada to the key interest rate in April had the predictable result of knocking some buyers down if not out of the market... [read more]