News And Statistics About The Kitchener-Waterloo Real Estate Market

Kitchener-Waterloo Real Estate

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

Flash from the past

I thought this was a great little tidbit of history.

Photo by Caleb Williams on Unsplash

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