-Waterloo and Windsor-Essex are reporting increased sales.
MLS sales in Kitchener-Waterloo were 11.4 per cent higher in April this year compared to a year earlier with 539 properties sold. That’s 7.8 per cent above the five-year average for the month.
“The spring market is definitely in full swing here in Waterloo Region
,” says Mark Wolle, president of the Kitchener-Waterloo Association of Realtors
“We’re seeing sales activity that is fairly steady and consistent comparing to five-year trends, which speaks to the stability of the market here in Kitchener
The average sale price of $346,702 is a 4.6 per cent increase from a year earlier.
Meanwhile, in Windsor
-Essex sales in April were up 25.7 per cent on the previous year, according to agents.
There were 582 sales at an average sale price of $199,586 with buyer sentiment boosted by a strong jobs market, including investment in the Chrysler factory in Windsor
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