Market Watch November 2024 First I’d like to wish you and your family a Merry Christmas, Happy Holidays, and the best in the New Year. I hope you have a fantastic time with family and friends. In November 2024, the Waterloo Region real estate market showed signs of coming back to life, with 539 homes […]
Author Archives: Lance Nielsen
16
Nov
Nov
Market Watch October 2024 In October 2024, the Waterloo Region real estate market showed signs of improvement with 604 homes sold, marking a 7.1% increase from the previous year, though still below the 10-year average. The average sale price reached $779,008, representing a modest 1.4% increase year-over-year but a slight decrease from September. The market […]
05
Oct
Oct
Market Watch September 2024 Wishing you and yours a Happy Thanksgiving! Now that the circus has officially set up camp in Ottawa, the government is doing back flips on the trapeze in light of a looming election. Most notably the mortgage rule changes for first time buyers. 30-Year Amortization for Insured Mortgages: First-time buyers putting […]
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Sep
Sep
Market Watch August 2024 Hope all is well. Where did summer go?! Waterloo Region’s housing market in August 2024 shows a mixed picture. While overall sales dipped 5.3% year-over-year, detached homes defied the trend with a 6% increase in sales. The average home price rose slightly to $769,203, up 1.1% from last year. Inventory is […]
16
Aug
Aug
Market Watch July 2024 The Waterloo Region market in July saw a slight increase in sales compared to the same period last year, however it is a 16.6% decline from the previous 10 year average for the same month. While this increase is encouraging, many potential buyers are still taking the wait and see approach. […]
05
Jul
Jul
Market Watch June 2024 Despite the summer heat the Waterloo Region housing market is cooling with a decrease in home sales in June, while the number of homes for sale is rising. The Bank of Canada rate decrease did not bring — what some predicted — home buyers flooding back into the market. Although B of C […]
09
Jan
Jan
Market Watch December 2023 Annual Home Sales Down Significantly in Waterloo Region in 2023 WATERLOO REGION, ON (January 5, 2024) — There were 6,623 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in 2023, a decrease of 14.8 per cent compared to 2022, and a decline […]
06
Dec
Dec
Market Watch November 2023 Waterloo Region Home Sales Cool in November WATERLOO REGION, ON (December 5, 2023) — In November, there were 441 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 4.5 per cent compared to the previous year and a decline […]
29
Nov
Nov
Market Watch September 2023 Much talk about the economy, interest rates, and immigration lately and how it affects the housing market. Yesterday interest rates were held but according to multiple sources the possibility of further increases is on the table. There are several factors affecting the housing market and much of the ranting and media […]