Here are board statistics for the Kitchener-Waterloo real estate board. Please note that the information here is only based on residential real estate. If you would like a more detailed report, please contact Melanie or Warren.  

Dec 2008-Jan 2009

(All Areas, Single-Detached)

(All Areas, Total Residential)

In addition to the above stats, there was a 44.7% increase in the total number of sales for all areas in all house types between February and the previous month (January).

There was a 7% increase in the total number of homes for sale in February compared to January so there is a bit more selection for buyers now.

Some more points to make note of:

·         In January the federal government announced it will invest $5.35 in The Digital Media Convergence Centre in downtown Kitchener with additional funding coming from several local high tech firms.

·         In January the Kitchener-Waterloo average price declined by less than the national average on a year-over-year basis.

·         In February City of Waterloo councillors approved the new Balsillie School of International Affairs in Uptown Waterloo.

·         Low lending rates

·         Waterloo Region’s diversified employment mix

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil | Re/Max Twin City Realty, Brokerage
( 519.579.4110 | * Click Here to Email | 8 www.clickthathouse.com, www.teammcneil.com/blog