Kitchener Waterloo Real Estate Market Report
byThere were 6,492 residential homes sold in 2020, an increase of 9% compared to 2019. The average sale price increased by 16.1%.
There were 6,492 residential homes sold in 2020, an increase of 9% compared to 2019. The average sale price increased by 16.1%.
Low Supply and Interest Rates Lead to High Home Prices. The average sale price at $607,250 for October, an increase of 15.2%
At the start of the pandemic, economists expected the recovery of the housing market to take about 18 months, but remarkably, within three months, it went from a complete shutdown to normal volumes again.
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.