2024 was not without its challenges for the Waterloo Region real estate market, but signs of improvement emerged as the year progressed. While the resale market faced headwinds, year-end numbers reflect a modest recovery compared to 2023. By December, approximately 6,800 homes will have been sold across the region—a 5 percent increase from the previous year, according to local market data. When...
The day was filled with holiday magic as attendees enjoyed photos with Santa, face painting, balloon creations, and festive gifts from our team. Laughter and joy filled the air as everyone came together to share in the spirit of the season. But the celebration didn’t stop there. This year, we partnered with the Food Bank of Waterloo Region to spread warmth and generosity to those in need....
Opportunities and Optimism for Buyers and Sellers The Guelph real estate market continued to show robust recovery in October, with 298 homes sold—a 22.6% increase compared to last year. This steady growth in sales activity signals renewed interest from buyers and sellers alike, as well as the positive impact of recent Bank of Canada rate cuts on affordability. Key Highlights: Strong Sales...
In September, the Guelph real estate market showed promising recovery, with 274 homes sold, a 22.3% increase from last year. While sales are still below the 5- and 10-year averages, it’s clear that buyers are returning, albeit gradually. The increase in active listings, which are at their highest level in a decade, gives buyers more opportunities to explore the market. The average sale price of homes...
Exceptional Views, Exceptional Living For those who seek tranquility and natural beauty, a home with picturesque outdoor views is the ultimate luxury. Whether it's overlooking serene lakes, lush parks, or beautifully landscaped backyards, these Guelph properties offer the perfect blend of indoor comfort and outdoor splendour. Let’s take a tour of some exquisite listings by our talented Guelph...
Lee Quaile Broker of Record With so many prospective Canadian home buyers continuing to feel the negative effects of the ongoing housing crunch as we move into 2023, governments at various levels have been working for months to do what they can to legislate relief. Towards the end of last year, the Ontario provincial government secured royal assent for one of the largest such efforts seen...
Lee Quaile Broker of Record The past 24 hours have brought a pair of significant developments in our province – both of which will change how millions of Ontarians interact with our housing market. The roller coaster ride that’s characterized the past two years has been slowing for a few months now, with rising interest rates and general uncertainty working to put the brakes on the...
Lee Quaile Broker of Record The past several weeks haven’t exactly been jam packed with good news on the economic front. Canadian consumers are aware by now of the pain that’s being inflicted both by the widespread economic malady of the day (inflation), as well as its hardly-more-attractive remedy (interest rate hikes). While the Bank of Canada’s efforts to curb runaway price increases since...
Lee QuaileBroker of Record The Provincial Government has moved recently to introduce new legislation aimed at alleviating housing shortages in Ontario and stabilizing the cost of entry to our housing market. Bill 109, or the “More Homes for Everyone Act, 2022”, aims to ease financial pressures on homebuyers by acting to restrict the activities of real estate speculators, curbing...
Prices look set to remain at or above historic heights. Lee QuaileBroker of Record It’s a historic benchmark – today, for the first time ever, the average sale price of a detached home in Kitchener-Waterloo is more than one million dollars. The sheer pace of the price increase that our real estate market has seen since the summer of 2020 has been nothing short of breathtaking for both...