Kitchener-Waterloo Real Estate News and Statistics

How’s the Kitchener Waterloo Real Estate Market.

Average price of single family homes nears $1M. WIth a look at the average price of there bedroom homes and all single family homes in the Region

People are leaving Ontario in record numbers

Ontario just recorded its single-largest outflow of population since the early 1980s This is part of a wave of inter-provincial migration that spiked in the second quarter of 2021. Over 123,000 people moved from one Canadian province to another in Q2 of 2021, a 55.1% leap in residents leaving their provinces for green pastures elsewhere in the country.

Ontario Real Estate prices forecasted to rise 9.5% in 2022

The forecast average sale price at the national level is $718,206 for 2022. The average sale price in Ontario is expected to rise to $942,325 for 2022. This is up 9.5% ($81,882) from 2021.

Kitchener sees huge increases in rent prices

Kitchener experienced the largest annual increase in average rent for all property types at 15% in October. The average annual rent in Kitchener also increased in October 2020 by 14%.

Kitchener Waterloo Real Estate Market Report

593 residential homes sold last month. This is a decrease of 11.1% compared to last October and a decrease of 16.5% compared to September.

Vista Hills drive by

Tags from the story
, ,
More from Keith Marshall
If you’ve never lived in a high-rise condo before, proceed with caution
I speak from experience. The first home I bought was a high-rise...
Read More
Leave a comment

Your email address will not be published. Required fields are marked *