Author Archives: Lance Nielsen

Market Watch February 2025 Hope all is well. These are fluid times! In February 2025, home sales in the Waterloo Region declined significantly, with 363 properties sold—a 26.1% drop compared to last year and 38.8% below the ten-year average. Despite this, the market saw a 7.3% increase in new listings, bringing more opportunities for buyers. […]

Market Watch January 2025 I hope your first month of 2025 has going well. Lots of rapid changes on the landscape! The Waterloo Region housing market showed mixed signals in January 2025. Home sales decreased 12% compared to January 2024, with 329 total units sold. With 901 homes coming onto the market in January this […]

Market Watch December 2024 First I’d like to wish you and your family a Happy New Year and a fantastic 2025! Some positive signs in our local market.Home sales up 2.8% in 2024, with December showing some momentum, but still below the long term average. The average home price now at $763,840. With increased inventory […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]