Across the nation CREW lists data for 5162 neighbourhoods, and this month Kitchener is number 1394 putting it in the top half of the country .
With Kitchener’s median house price at $304,450 in Aug , it is below average compared to the rest of British Columbia.
Kitchener’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.
British Columbia has the third most amount of properties available to property investors, with Kitchener having 257th most in the province, out of a total of 359.
Will prices rise across the next year in in Kitchener? There are a number of real estate indicators to consider.
The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.
Can we guarantee how well Kitchener is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
If you are looking at investment properties in Kitchener, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.