The Ontario real estate market is constantly evolving, and recent economic shifts are introducing new challenges and opportunities for buyers, sellers, and developers. Factors such as rising construction costs, fluctuating mortgage rates, and political uncertainties are shaping the province’s housing landscape. Understanding these changes is key to making informed real estate decisions. Construction Costs on […]
Read More… from What do Trump’s Tariffs Mean for the Ontario Real Estate Market?
Amid geopolitical turmoil and the snowiest February in over a decade, what is going on in the Waterloo Region Real Estate Market? Total residential sales in February included 221 detached homes (down 21.9 per cent from February 2024), and 71 townhouses (down 36.0 per cent). Sales also included 47 condominium units (down 35.6 per cent) […]
Read More… from What is Going on in the Waterloo Region Real Estate Market?
As we begin 2025, it is a great time to reflect on the 2024 Waterloo Region Real Estate Market and ponder what this year may bring. Residential Sales Trends in 2024 In all of 2024, total residential sales included 4,100 detached (up 5.5% compared to 2023), and 1,368 townhouses (up 2.6% compared to 2023). Sales […]
Read More… from Waterloo Region Real Estate: A December 2024 Market Recap and What to Expect in 2025
While the number of sales continues to be considerably lower than the 10-year annual average, the local real estate market remains relatively stable on sale price, bringing a little more predictability to transactions. Read more in this market update. Single detached are seeing the greatest demand, while condominium apartment sales continue to struggle. The total […]
Read More… from September Waterloo Region Real Estate Market Update
The Waterloo Region Real Estate Market is holding steady for the most part! As we head into summer, we hope you are looking forward to fun plans to make the most of the great weather! With Bank of Canada having made a 0.25% cut to their policy rate at their scheduled June announcement date, many […]
Read More… from June 2024 Waterloo Region Real Estate Market Update
While the volume of sales activity is lower compared to last year’s market and compared to the five-year average for March, for most home types, average sale prices are rising. Buyer demand is strong so far in 2024, as would-be homeowners try and get ahead of the inevitable increase in competition and price that will […]
Read More… from Waterloo Region is Experiencing a Brisk Spring Market!
The Waterloo Region Real Estate Market has shown clear signs of resilience and strength in the first several weeks of 2024. After a decidedly sluggish last 6 months of 2023, buyer confidence is clearly picking up again. For the 6th announcement date in a row, Bank of Canada held their policy interest rate steady at […]
We hope this finds you keeping well and enjoying the beautiful fall colours. In this edition of our monthly email newsletter, we’ll provide a snapshot of the status of the Waterloo Region Real Estate Market and what it means for both buyers and sellers. […]