Sales down in Kitchener-Waterloo

Realtors in Kitchener-Waterloo have reported a 9.4 per cent drop in sales for October compared to a year earlier. The official MLS figures show that 435 homes were sold through the system compared to 480 in October 2014; with semi-detached (down 23.1 per cent) and condos (down 19.3 per cent) leading the decline. Kitchener-Waterloo Association of Realtors’ president Mark Wolle remained upbeat: “The Kitchener-Waterloo housing market continues to show long-term strength and stability. The shifts in average prices and month to month fluctuations are normal, along with sales easing gradually as we approach the end of the year.” Average prices were up 8.9 per cent from October last year to $417,891 for a detached house and $242,280 (up 14.3 per cent) for a condo.

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

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?