“We’re seeing record setting sales activity this month, but it’s a different story on the inventory side,” commented Charlotte Zawada, KWAR president. New listings were down 29.4 per cent on a year earlier at 1,272.
The average sale price of all residential sales increased 2.9 per cent to $367,444 compared to April 2015.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
East Garafraxa, Arkona, Souris West, Kennetcook, Granville Beach
Sales in the Kitchener-Waterloo region in April continued the strength seen in the market this year. Sales through the Kitchener-Waterloo Association of Realtors MLS were up 9.5 per cent from a year earlier. The 667 sales figure was 19.5 per cent above the 5-year average for April.