Kitchener-Waterloo 7 Day Real Estate Market Trends
It looks like the winter market has begun.
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.
How’s the Kitchener Waterloo Real Estate Market.
Average price of single family homes nears $1M
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.
How much will I pay in municipal tax?
Kitchener-Waterloo does not have the lowest property tax rate in the country.