Brought to you by Keithmarshall.ca686 residential homes were sold in August, the most ever recorded for the month.
August’s home sales represent an increase of 48% compared to the same month last year.
The previous ten-year average number of residential sales for August is 470.
There are six notable regions across Ontario currently offering friendlier average home prices than what you’ll see in and around Toronto.
Canada’s real estate industry has seen a smaller impact than the general economy during the pandemic.
Residential investment is residential real estate’s direct contribution to the economy.
It includes the construction of new houses, major renovation, and ownership transfers.
Drops in residential investment are considered red flags for the economy.
Residential investment as a percent of GDP in Q2 increased to 7.48% This is up from 7.25% last year.
In the world of real estate, we always talk about average this and that. We talk about the market as a whole (which is doing very well in every Canadian market). Link. But in most major markets, rental rates are down and the number of condos listed for sale last month are up. The entry level market is hot, but the number of families moving into the region is a little flat.
The May market arrived in July this year
734 residential homes sold in July, an increase of 25.7% compared to the same month last year.
Wednesday July 22, 2020. In this weeks Kitchener-Waterloo Real Estate News: Open Houses, bike lanes, speed limits, fleeing the city, airbnb, first time homebuyer’s incentive, top tech talent, rents fall, home prices double, data driven decision making…
In this instalment of “How’s the market?” we witness the spring market arriving late. Buyer’s have not postponed or delayed their searches as they’ve headed out of town for the summer. They are here and out shopping in droves, especially at the entry level of the market.
In the “move up” market, there are lots of listing and sales are strong, but here buyers have a little more room for conditional offers.
Will we next go through the traditional summer slow down that usually happens between the middle of July till the middle of August? It does not seem so.
The median price of all residential properties sold in June increased 14.4% to $564,000.
The median price of a detached home during the same period increased 11.9% to $650,000.
Kitchener Waterloo Real Estate News Wednesday June 10, 2020 Wednesday June 10, 2020. In this weeks Kitchener-Waterloo Real Estate News: real estate market, reopening…
419 homes sold in Kitchener-Waterloo in May 2020, a decrease of 40.5% compared to May 2019.
