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...
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...
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...
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...
We are thrilled to share that Chestnut Park West, alongside our friends from Cushman & Wakefield Waterloo Region and PrimusPM, recently hosted an unforgettable Oktoberfest celebration. The event was filled with great food, lively music, and plenty of fun, bringing together our valued clients, family, and friends in the spirit of community. Held in true Oktoberfest spirit, the event featured...
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...
The Essence of Gourmet Living When we talk about luxury homes, the kitchen often takes centre stage as the heart of the home. It's more than just a place to prepare meals—it’s a gathering space, a showcase of design, and a reflection of personal style. Whether you're drawn to modern minimalism, rustic charm, or classic elegance, a gourmet kitchen sets the tone for the entire home. Let's take a...
Lee Quaile I’ll start off by saying that I am not breaking any news by stating that the market has slowed significantly in recent days. We can blame interest rates, but the reality is that this same slowdown happens every December, and January. The combination of the holidays and the start of winter weather means people are choosing to relax, enjoy the season, and maybe do a little...
Lee Quaile Broker of Record The past two years have not been an easy time for anyone who’s been looking to get into the housing market. When prices haven’t been at dizzying, record-setting heights as they were in 2021 and early 2022, the highest interest rates in 15 years have stepped right in to compensate for falling prices – making the dream of home ownership just as difficult to...
Lee Quaile Broker or Record I’m sure many of us will find common ground in hoping for some measure of stability in 2023, the new year coming as it does upon the heels of one which featured unprecedented ups and downs in the real estate market (just in case you weren’t already sick enough of seeing the word ‘unprecedented’). And, happily, there are a handful of favourable indicators to...