How’s the Kitchener Waterloo Real Estate Market.
Average price of single family homes nears $1M. WIth a look at the average price of there bedroom homes and all single family homes in the Region
People are leaving Ontario in record numbers
Ontario just recorded its single-largest outflow of population since the early 1980s This is part of a wave of inter-provincial migration that spiked in the second quarter of 2021. Over 123,000 people moved from one Canadian province to another in Q2 of 2021, a 55.1% leap in residents leaving their provinces for green pastures elsewhere in the country.
Ontario Real Estate prices forecasted to rise 9.5% in 2022
The forecast average sale price at the national level is $718,206 for 2022. The average sale price in Ontario is expected to rise to $942,325 for 2022. This is up 9.5% ($81,882) from 2021.
Kitchener sees huge increases in rent prices
Kitchener experienced the largest annual increase in average rent for all property types at 15% in October. The average annual rent in Kitchener also increased in October 2020 by 14%.
Kitchener Waterloo Real Estate Market Report
593 residential homes sold last month. This is a decrease of 11.1% compared to last October and a decrease of 16.5% compared to September.
Vista Hills drive by
The post Kitchener-Waterloo Real Estate News and Statistics appeared first on Keith Marshall, Realtor.