Newsletters

November 2022

Waterloo Region Home Prices Continue to Cool in November

The number of homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) totaled 453 units, a decrease of 43.7 per cent compared to November 2021 and 34.2 per cent below the previous 5-year average for the month.

 

 

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October 2022

Home Sales Decline in September, Market Moves Towards More Balanced Conditions

518 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), a decrease of 25.3 percent compared to September 2021 and 30.8 percent below the previous 5-year average for the month.

 

 

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August 2022

Rising Borrowing Costs Continue to Tame Home Sales in August

659 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in August, a decrease of 8.1 percent compared to August 2021 and 11.2 percent below the previous 5-year average for the month.

 

 

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July 2022

Home Sales Slow Down in Waterloo Region as Interest Rates Rise

550 residential homes were sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in July, a decrease of 32.8 percent compared to July 2021 and 32.3 percent below the previous 5-year average for the month.

 

 

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June 2022

LISTINGS INCREASE WHILE HOME SALES SLOW IN MAY

MLS® HOME PRICE INDEX EASES FOR THIRD CONSECUTIVE MONTH

There were 661 residential homes sold through the Multiple Listing Service® System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May, a decrease of 22.7 percent compared to the same month last year, and 5.5 percent below the previous 5-year average.

 

 

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May 2022

LISTINGS INCREASE WHILE HOME SALES SLOW IN MAY

MLS® HOME PRICE INDEX EASES FOR THIRD CONSECUTIVE MONTH

There were 661 residential homes sold through the Multiple Listing Service® System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May, a decrease of 22.7 percent compared to the same month last year, and 5.5 percent below the previous 5-year average.

 

 

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April 2022

MORE LISTINGS, SLOWER HOME SALES
IN APRIL

MONTHLY PRICE GAINS EASE FOR SECOND STRAIGHT MONTH

The 633 residential homes sold through the Multiple Listing Service® System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in April 2022 is a decrease of 25.0 per cent compared to April 2021. On a month-over-month basis, sales in April were down 13.4 per cent compared to March 2022. The previous ten-year average number of residential sales for April is 608 (650 if not including April 2020 when home sales came to a short-term pause due to the beginning of the Covid-19 pandemic).

 

 

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Febuary 2022

NUMBER OF HOME SALES IN JANUARY SET NEW RECORD

PRICES CONTINUE TO ESCALATE

The 402 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), set a new record high for January. On a year-over-year basis January’s sales were up 12.3 percent; compared to last month they were up 16.5 percent. The previous ten-year average number of residential sales for January is 291.

 

 

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December 2021

HOME SALES IN 2021 SMASHED LAST YEAR’S RECORD-BREAKING TOTAL BY OVER 1000 UNITS

The 7,581 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in 2021 represent an increase of 18.3 per cent compared to last year’s record-setting number of sales that ended the year 2020.

 

 

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November 2021

A NEW RECORD HIGH FOR NUMBER OF HOME SALES IN NOVEMBER AND AN ALL-TIME RECORD LOW SUPPLY READING

There were 597 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) setting a new record high for November. Compared to the same month last year, November sales were up 4.4% and on par with last month. The previous ten-year average number of residential sales for November is 446.

 

 

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October 2021

PRICES CONTINUE TO INCREASE WITH STRONG HOME SALES IN OCTOBER

A total of 593 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 11.1 per cent compared to last October and an increase of 16.5 per cent compared to September.

 

 

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September 2021

HOME PRICES CONTINUE TO CLIMB IN SEPTEMBER

A total of 506 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 32.1 percent compared to last September and a decrease of 5.9 percent compared to August.

 

 

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August 2021

HOMEBUYING DEMAND CONTINUES TO OVERWHELM HOUSING SUPPLY

A total of 535 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 22.1 per cent compared to last August’s record-smashing month, and a decrease of 12.3 per cent compared to July.

 

 

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July 2021

VERY LOW INVENTORY COMBINED WITH STRONG DEMAND KEEPS HOME PRICES HUMMING IN JULY

A total of 611 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 17 percent compared to the record-setting results of July 2020, but still an above-average number of sales for the month of July

 

 

June 2021

KW HOUSING MARKET SHOWS LITTLE SIGN OF COOLING

The 740 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) set a new monthly high for June and represented an increase of 10.1 percent compared to June 2020, and a 13.6 percent decrease compared to May 2021

 

 

April & May 2021

NUMBER OF HOME SALES IN APRIL SECOND-HIGHEST ON RECORD

Following last month’s record-smashing number of home sales, the Kitchener-Waterloo Association of REALTORS® (KWAR) posted the second-highest number of monthly home sales in April. There were 843 residential homes sold through the Multiple Listing Service® (MLS® System) of KWAR last month, an increase of 263.4 percent compared to April 2020, and a decrease of 15.5 percent compared to March 2021.

 

HOMES SALES CONTINUE TO SMASH RECORDS

Strong home sales continued in May as the Kitchener-Waterloo Association of REALTORS® (KWAR) once again posted a record-setting number of monthly home sales. There were 854 residential homes sold through the Multiple Listing Service® (MLS® System) of KWAR last month, an increase of 100.9 percent compared to May 2020, and a 0.9 percent increase compared to April 2021.

 

March 2021

RECORD SMASHING NUMBER OF HOME SALES IN MARCH

In March, the Kitchener-Waterloo Association of REALTORS® (KWAR) posted the highest number of monthly home sales in the board’s history. There were 993 residential homes sold through the Multiple Listing Service® (MLS® System) of KWAR in March, an increase of 72.7 per cent compared to March 2020, and an increase of 66 per cent compared to the previous month. The previous 10-year average number of residential sales for March is 552.

 

 

February 2021

RECORD NUMBER OF HOME SALES IN FEBRUARY

There were 597 residential homes sold through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in February, an increase of 27.8 percent compared to February 2020, and an increase of 66.7 percent compared to the previous month. The previous 10-year average number of residential sales for February is 407.

 

 

January 2021

ABOVE NORMAL NUMBER OF HOME SALES IN JANUARY

There were 351 residential homes sold through the Multiple Listing Service (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in January, an increase of 24.9 per cent compared to January 2020, and an increase of 1.4 per cent compared to the previous month. The previous 10-year average number of residential sales for January is 286.

“January’s home sales were more active than what we typically see this time of year,” says Nicole Pohl, President of KWAR. “But nothing has been typical about our housing market.”

Total residential sales in January included 201 detached (up 31.3 per cent from January 2020), and 71 condominium units (up 97 per cent). Sales also included 21 semi-detached homes (unchanged) and 56 freehold townhouses (down 17.6 per cent).

 

 

November and December 2020

ANOTHER RECORD-BREAKING MONTH FOR HOME SALES IN NOVEMBER

There were 575 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in November, marking another record-breaking month of homes sold in the Kitchener-Waterloo area. November’s home sales represented an increase of 35 percent compared to the same month last year, and a decrease of 17 percent compared to the previous month. The previous ten-year average number of residential sales for November is 433.

RECORD BREAKING DECEMBER REAL ESTATE CAPS OFF EXCEPTIONAL 2020

There were 6,492 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2020, an increase of 9 per cent compared to 2019. Compared to previous years, 2020’s annual sales were 5 per cent above the previous 5-year average, and 11.6 per cent above the previous 10-year average.

 

 

October 2020

REALTORS® SELL A RECORD NUMBER OF HOMES IN OCTOBER

There were 691 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in October, the most ever recorded for the month. October’s home sales represented an increase of 28 percent compared to the same month last year, and a decrease of 9.6 percent compared to the previous month. The previous ten-year average number of residential sales for October is 471.

 

September 2020

REALTORS® SELL A RECORD NUMBER OF HOMES IN SEPTEMBER

There were 758 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in September, the most ever recorded for the month. September’s home sales represented an increase of 41.6 percent compared to the same month last year, and an increase of 8 percent compared to the previous month. The previous ten-year average number of residential sales for September is 460.

 

August 2020

AUGUST HOME SALES SET ANOTHER RECORD

There were 686 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in August, the most ever recorded for the month. August’s home sales represented an increase of 48 per cent compared to the same month last year, and a decrease of 8 per cent compared to the previous month. The previous ten-year average number of residential sales for August is 470.

 

June and July 2020

JUNE HOME SALES SPRING BACK AND PRICES CLIMB.
RESIDENTIAL AVERAGE
TOPS $600K FOR
FIRST TIME 

The number of homes sold in June shot up 57.6 per cent compared to May. There were 673 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in June 2020, an increase of 2.1 per cent compared to June 2019, and an increase of 8.5 per cent compared to the previous 10-year average for June.

COMPETITIVE MARKET LEADS TO HUGE PRICE GAINS IN JULY

There were 734 residential homes sold through the Multiple Listing System (MLS® System)  of the Kitchener-Waterloo Association of REALTORS® in July, an increase of 25.7 per cent compared to the same month last year, and well above the previous ten-year average for July of 531.

 

 

May 2020

HOME SALES CLIMB IN MAY COMPARED TO RECORD-LOW APRIL, AVERAGE SALE PRICES SHOW STRENGTH

There were 419 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in May 2020, a decrease of 40.5 per cent compared to May 2019, and an 80 per cent increase compared to April 2020 when sales contracted sharply due to COVID-19.

April 2020

APRIL HOME SALES IMPACTED BY COVID-19 PANDEMIC, HOME PRICES REMAIN STRONG

There were 227 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in April, a decrease of 63.6 per cent compared to the same month last year, and the lowest number of sales in a single month since December 2008.

March 2020

HOME SALES IN MARCH CAME IN LIKE A LION WENT OUT LIKE A LAMB

There were 577 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in March, an increase of 13.1 per cent compared to the same month last year, and 0.2 per cent below the previous 5-year average.

February 2020

STRONG HOME SALES IN FEBRUARY

There were 467 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in February, an increase of 36.5 per cent compared to the same month last year, and 15.3 per cent above the previous 10-year average.

January 2020

FEWER HOME SALES IN JANUARY AS THE NUMBER OF HOMES FOR SALE CONTINUES TO ELUDE BUYERS IN KITCHENER – WATERLOO

There were 281 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in January, a decrease of 8.2 per cent compared to the same month last year, but only 3.6 per cent below the previous 10-year average, and 3.8 per cent below the previous 5-year average

December 2019

Sales Dip in December, While Prices Continue to Escalate

There were 5,925 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2019, an increase of 1.6 per cent compared to 2018. Contrasted to past years, 2019’s annual sales were 2.3 per cent below the previous 5-year average, and 3 per cent above the previous 10-year average. 

October 2019

STRONG HOME SALES CONTINUE IN OCTOBER IN FACE OF LOW INVENTORY

538 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in October, an increase of 4.1 per cent compared to the same month last year.

August 2019

AUGUST HOME SALES EASE AS PRICES CONTINUE TO RISE ALONG WITH DEMAND

459 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in August, a decrease of 9.1 per cent compared to the same month last year.

July 2019

STRONG HOME SALES IN JULY

586 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in July, representing an increase of 15.1 percent compared to the same month last year.

June 2019

STRONG HOME SALES IN JUNE

658 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in June, representing an increase of 8.8 per cent compared to the same month last year.

May 2019

HOME SALES SHOW MOMENTUM IN MAY

The number of home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May were on par with the same month last year. There were 694 residential sales last month, an increase of 11 percent compared to April, and an increase of 7.2 percent compared to the previous ten-year average for May.

April 2019

APRIL HOME SALES UP OVER LAST YEAR

There were 623 residential sales in April through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), an increase of 1.1 per cent versus the same month last year, and up 2.2 per cent compared to the previous ten-year average for April.

March 2019

NUMBER OF HOME SALES SLIDE IN MARCH

There were 511 residential sales in March through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 5.7 per cent versus the same month last year, and down 7 per cent compared to the previous ten-year average for March.

February 2019

FRIGID FEBRUARY

There were 343 residential sales in February through the Multiple Listing System (MLS® System) of the Kitchener - Waterloo Association of REALTORS® (KWAR), a decrease of 8.3 percent compared to February 2018.

February 2018

FEBRUARY HOME SALES RELEASE

In February, the 377  residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), were an increase of 40 per cent compared to last month and a decrease of 20.5 per cent compared to home sales a year ago.

January 2018

JANUARY HOME SALES SNOWED UNDER BY LOW INVENTORY

There were 270 residential sales in January through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 18 per cent compared to January 2017.

December 2017

2017 - A RECORD BREAKING YEAR IN REVIEW

2017 came with skyrocketing prices, high consumer demand and a total residential sale volume of over 3 billion CDN in Kitchener-Waterloo alone. Between competitive prices, tons of buyers from within KW and many buyers flocking to the region from the GTA, 2017 was certainly a seller's market in the world of Real Estate.

The year ended on a strong note with over 300 home sales in December; a whopping 13% higher than the previous five-year average. With new mortgage stress test kicking in in January, December buyers felt pressured to purchase a home before the deadline.

November 2017

NORMAL NOVEMBER FOR HOME SALES

Although home sales this past month were down by 20% compared to the record breaking numbers seen in November 2016, this year’s numbers are on par with the previous 5-year November average of 424 home sales.

October 2017

RESIDENTIAL SALES STEADY IN OCTOBER

With sale numbers being nearly on-par with last year’s record breaking numbers, buyer’s demand continues to surpass the supply of homes on the market.

September 2017

SOLID HOME SALES IN SEPTEMBER!

High demand and lower supply made for a steady market this September. With prices up and overall sales down, the seller's market seems to be going strong.

August 2017

STEADY HOME SALES IN AUGUST

August home sales seem to be trending towards a more stable market with a slow in sales volume and a more balanced average sale.

July 2017

TRENDING TO A BALANCED MARKET!

After many months of incredible sales, it appears the typical summer slowdown has taken effect in the Waterloo Region. It was still an above average month, and while the market was favouring the sellers, the new trends are shifting towards a more balanced market.