Low Supply and Interest Rates Lead to High Home Prices
byLow Supply and Interest Rates Lead to High Home Prices. The average sale price at $607,250 for October, an increase of 15.2%
Low Supply and Interest Rates Lead to High Home Prices. The average sale price at $607,250 for October, an increase of 15.2%
Before Coronavirus shut down Waterloo Region, we had high demand and low inventory of homes for sale.
During the first quarter of 2020, 1,327 homes were sold.
This is 14.6% more than Q1 2019.
Last year, the price of bungalows in Waterloo Region increased by 8.7%. Two-storey homes increased by14%. The average price of a bungalow rose to…