Average prices saw strong gains too; single-detached homes were up 10.5 per cent to $409,101; semi-detached up 10 per cent to $283,966; and townhomes up 12.4 per cent to $311,509. Condo prices decreased 7.6 per cent year-over-year to $214,464 on average.
“Buyers and sellers will be all the more eager once spring hits, and we are expecting a strong spring market,” said Charlotte Zawada, president of the Kitchener-Waterloo Association of Realtors, “With interest rates holding steady we should continue to draw people looking to live and invest in Waterloo Region.”
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:
Marlbank, Severn, Parksville, Durham-Sud, Head of Bay D'Espoir
Realtors report that home sales in Kitchener-Waterloo have started 2016 well. The regional real estate association’s MLS sales surged 29.8 per cent compared to a year earlier with 309 properties sold. That includes 209 single-detached homes, up 33.1 per cent year-over-year; 14 semi-detached, down 17.6 per cent; 21 townhomes, up 31.3 per cent; and 67 condos, up 31 per cent.