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In October, 559 homes were sold in the Waterloo Region, which is 12.2% more than the previous year but 24.4% less than the average for the last 5 years.
This could be due to the Bank of Canada not changing the interest rates and people are waiting to see what they'll do in their December announcement. The current trend of holding the rate is a good sign for those looking to get into the real estate market or those looking to upsize into a larger place. Are you interested in knowing my service area? I am located in the City of Kitchener, but I serve about 1 hour around Kitchener. I have a list of most of the communities below. If you don't see your community and want to know if I serve that area, I have a button below to connect with me.
WATERLOO REGION, ON (October 4, 2023) — In September, there were 527 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 0.2 per cent compared to the previous year and a decline of 27.1 per cent compared to the previous 5-year average for the month.
WATERLOO REGION, ON (September 6, 2023) — In August, there were 568 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 14.2 percent compared to the previous year and a decline of 23.5 percent compared to the previous 5-year average for the month.
Are You Thinking of Moving to Waterloo, Kitchener, and Cambridge?Moving to a new city is incredibly exciting, and it’s a great opportunity to start a new chapter and to grow. In this guide, we’ll walk you through what you need to know when moving to Kitchener, Waterloo, or Cambridge. We’ll cover topics about the cities themselves, as well as the region overall. Keep reading below. Strong Listing Activity in JulyIn July, there were 607 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 10.4 per cent compared to the previous year and a decline of 21.6 per cent compared to the previous 5-year average for the month.
“The Waterloo Region residential real estate market experienced some growth in terms of unit sales and supply in July, with home prices showing moderate fluctuations,” says Bell. “Despite the Bank of Canada’s most recent interest rate hike, we saw more sellers coming off the sidelines with new listing activity reaching its second highest level for the month of July in over a decade.” Waterloo Region Real Estate Market Shows Resilience With Increase in Home Sales and Average PricesWATERLOO REGION, ON (July 6, 2023) — In June, there were 780 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 4.6 per cent compared to the previous year and a decline of 12.3 per cent compared to the previous 5-year average for the month.
“The real estate market in Waterloo Region showed signs of a rebound in June, with monthly sales increasing on a year-over-year basis for the first time this year,” says Megan Bell, president of WRAR. “The total number of home sales are down nearly 25 per cent for the first half of 2023 compared to last year but have been steadily climbing since January. Waterloo Region Buyer and Listing Activity Ramps Up In May there were 788 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 10.9 per cent compared to the previous year and a decline of 12.6 per cent compared to the previous 5-year average for the month.
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The case of Harkness v. Cooney, decided in 1979 at Waterloo County Court, established an important precedent regarding the purchasers' right to a final walk-through in a real estate transaction. In this case, the court held that the purchaser had the right to inspect the property for damage on the day of closing and requisition an inspection if necessary. The court's ruling reinforces the rights of purchasers and highlights the importance of the final walk-through in protecting those rights.
