Kitchener Waterloo Real Estate Weekly Market Update
New listings: 206 Previous week: 154 Homes sold: 169 Previous week: 154 Conditional Sales: 5 Previous week: 5 Average days on market: 14 Previous week: 8 … Median SP/LP: 130.03% Previous week: 130.48% Notable numbers: This is the first time in 2022 the average close price was over $1M for the week.
New tax for foriegn non resident owners of empty or underused housing.
Speculation and vacancy tax
Average monthly rent in Kitchener up nearly 11% for a two bedroom home
The average monthly rent in January in Kitchener for a one-bedroom home was $1,537. The average monthly rent for a two-bedroom home in Kitchener was $1,886. Year over year, the average monthly rent in January for a one-bedroom home in Kitchener was up 8.6% It was up 10.9% for a two-bedroom home. Average rents in Canada are up 4.4% year over year. Single-family homes are in great demand as average rents rise nearly 20% annually. The average rent for all Canadian properties listed on Rentals.ca in January was $1,807 per month, up 4.4% annually and 1% monthly. The average rental rate in January remains below the $1,879 per month average in January 2020 and the $1,855 per month average in January 2019.
Kitchener growing faster than Toronto
Cambridge 4th fastest growing city in Ontario in 2021
How to price your home to sell
If you’re thinking about selling your home, you probably already know that inventory has never been lower. It’s a seller’s market. But surprisingly some homes don’t sell! And others sell for less than they should. Here are 3 ways to maximize your selling experience: