Alasdair Douglas’ June 2020 Kitchener-Waterloo Real Estate Update

RESIDENTIAL AVERAGE TOPS $600K FOR FIRST TIME  KITCHENER-WATERLOO, ON (July 6, 2020) ––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.   “After a pandemic–induced delay to the typical spring market, home sales sprung back to […]

Alasdair Douglas’ Current State of Housing Markets in Canada from CREA

On Monday, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of May—the second full month of the COVID-19 pandemic. While restrictions have begun to lift in many parts of the country, much remains uncertain about the real estate industry. Below, CREA’s Senior Economist Shaun Cathcart provides an update on […]

Alasdair Douglas’ May 2020 Kitchener-Waterloo Real Estate Update

HOME SALES CLIMB IN MAY COMPARED TO RECORD-LOW APRIL, AVERAGE SALE PRICES SHOW STRENGTH KITCHENER-WATERLOO, ON (June 3, 2020) ––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 […]

Royal LePage 2020 Forecast & Q1 Home Prices.

Royal LePage Market Forecast: National Home Prices to Show Remarkable Resilience in 2020 Best case scenario forecast shows Canada’s aggregate home price could grow a modest 1% by the end of 2020 If the pandemic continues to heavily restrict business activity through late summer, a national home price decrease of 3% is expected by the […]

Alasdair Douglas’ March 2020 Kitchener-Waterloo Real Estate Update

HOME SALES IN MARCH CAME IN LIKE A LION WENT OUT LIKE A LAMB By KWAR  In Market UpdatesComments KITCHENER-WATERLOO, ON (April 3, 2020) ––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, […]

Alasdair Douglas’ February 2020 Kitchener-Waterloo Real Estate Update

05Mar  STRONG HOME SALES IN FEBRUARY By KWAR  In Market UpdatesComments KITCHENER-WATERLOO, ON (March 5, 2020) ––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 […]

Royal LePage Luxury Real Estate Forecast

Toronto’s luxury condo prices forecast to surpass Montreal’s hot luxury market in 2020, according to Royal LePage Greater Montreal Area posts highest appreciation in Canada for both luxury houses (8.5%) and condos (8.3%); Greater Toronto Area luxury condos also post significant price gains (7.0%) Limited inventory and high demand will continue to fuel luxury home […]

Alasdair Douglas’ December 2019 Kitchener-Waterloo Real Estate Update & Year In Review.

2019 A STEADFAST YEAR FOR HOME SALES IN KW Sales Dip in December, While Prices Continue to Escalate  KITCHENER-WATERLOO, ON (Jan 6, 2020) ––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.   On a monthly […]