How’s the Kitchener Waterloo Real Estate Market.
In this episode of ‘How’s the Kitchener Waterloo Real Estate Market” we take a special look at 3-bedroom single family homes.
What Does Being in a Sellers’ Market Mean?
The latest statistics from KWAR shows housing supply is still astonishingly low. We have a 0.4-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers.
Kitchener rents among highest in Canada
Kitchener has the average cost of $1,487 per month, which is the 18th highest in Canada. The top three communities are Vancouver, at $2,185 per month, Toronto at $1,855 per month, and Etobicoke, which averaged out to be $1,802 a month. Kitchener has an average two-bedroom cost of $1,767.
Kitchener Waterloo 7 day real estate market trends
Kitchener Waterloo 7 day real estate market trends
What Could Cause Home Prices to Fall?
Two things: 1. A fundamental change. 2. A behavioural change.
Uptown Waterloo
The history of Kitchener-Waterloo street names
I thought this was a great little tidbit of history.
Photo by Caleb Williams on Unsplash
