Kitchener Waterloo Real Estate Market Report
byPersistent and fierce competition combined with short supply cause dramatic increases in the average price of Kitchener-Waterloo homes
Persistent and fierce competition combined with short supply cause dramatic increases in the average price of Kitchener-Waterloo homes
There were 6,492 residential homes sold in 2020, an increase of 9% compared to 2019. The average sale price increased by 16.1%.
Year to date sales are 2.6% higher than last year. Paused May market more than made up for already
686 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.
As more and more people are investing in real estate, a question I’m often asked is, “Should I wait for my tenants to move…