As we step into 2025, the Waterloo Region real estate market reflects both resilience and optimism. While annual home sales remained below long-term historical averages, the final months of 2024 demonstrated significant momentum, pointing to an improving market landscape. With lower interest rates, increased inventory, and new federal housing policy changes, buyers and sellers alike are finding renewed...
As we step into 2025, key indicators suggest promising opportunities in the Guelph and Waterloo Region real estate markets. The coming year is poised to bring healthier economic growth, improved borrowing conditions, a moderate rise in home sales, and a steady increase in average sale prices. However, challenges persist, particularly concerning affordability and the broader impacts of political and...
November brought a boost of activity to the Waterloo Region real estate market, with 539 homes sold—a 21.1% increase compared to last year. Buyers benefitted from an expanded inventory, while sellers saw increased interest in a market moving towards more balanced conditions. Key Market Highlights: Increased Home Sales: Residential sales surged 21.1% year-over-year, led by a 23.5% increase in...
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 October, Waterloo Region saw a positive rise in home sales, with 604 properties sold—a 7.1% increase from last year. This growth marks a turning point in our local real estate market, giving buyers more confidence and sellers a reason to stay optimistic. Sales Highlights: Detached Homes: 383 units sold (up 15.4% year-over-year) Townhouses: 104 units sold (down 20.0%) Condos: 66 units...
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...
September brought a slight dip in overall home sales in Waterloo Region, with 521 homes sold, down 2.1% from last year. While sales have slowed, it’s not all bad news—especially for buyers! Increased inventory means more homes to choose from, making the process less stressful. Detached homes saw a 9.4% rise in sales, proving their continued appeal, and with a steady average price of $910,286, it’s a...