Kitchener-Waterloo Real Estate Market Updates and Other Important News to Start out 2022

We’re in a housing bubble, right?

Even so, what does this mean to prices…

There Are Fewer Homes For Sale Now Than Any Time In Canadian History

The Canadian Real Estate Association (CREA) reports that with only 1.6 months of inventory available nationwide last month, December 2021 had the least amount of inventory in Canadian history. The previous record low was 1.8 months, (March & November 2021.)

Kitchener Waterloo Real Estate Weekly Market Update

Notable numbers: So far in 2022, the number of new listings has increase every week. Last week was the first week this year that the number of homes sold did not increase week over week. Last week more homes sold than were listed. The four-week rolling average close price is $944,640.

What will happen to housing in 2022.

And an overview of the last 20 years of growth.

Real estate trends to watch in 2022

Real estate players identified multifamily housing as a strong category, and that demand will be steadfast in many cities as people struggle with homeownership affordability.

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