WRAR August Stats Release, Rising Borrowing Costs Continue to Tame Home Sales in August

WATERLOO REGION, ON (September 7, 2022) — 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 per cent compared to August 2021 and 11.2 per cent below the previous 5-year average for the month. Total residential […]

Royal LePage’s Q1 2022 House Price Update and Market Forecast

Persistent demand coupled with low inventory drives 2022 home price forecast higher to 15% Seller’s market conditions continue as we move into the spring market, despite rising prices, further expected interest rate hikes and economic uncertainty First quarter highlights: National aggregate home price soars 25.1% year-over-year in first quarter of 2022 – highest Q1 gain […]

Homebuyers brace for continued price increases and tight competition this spring following double-digit gains in final quarter of 2021

Spring housing market poised for continued price growth following double-digit gains in fourth quarter Fourth quarter highlights: National aggregate home price increased 17.1% year-over-year in final quarter of 2021 87% of the report’s 62 regions saw double-digit year-over-year aggregate price growth in Q4 61% of the report’s 62 markets saw a quarterly aggregate price increase […]