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...
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....
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...
Mike and Andy’s Journey in the Canada Air Rally 2024 At Chestnut Park West, we love hearing stories about adventure and exploration—and this one’s a must-share! This year, Mike Polzl, President and Broker of Record at Cushman & Wakefield Waterloo Region Ltd., Brokerage, teamed up with his brother Andy to take on the Canada Air Rally 2024. Their journey was packed with breathtaking views,...
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...
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...
Welcome to the Fall 2024 edition of Invest in Style! In this issue, our cover story, “Who Controls the Real Estate Market?” delves into one of the most pressing questions of recent times: Why have real estate prices fluctuated so dramatically since early 2020, and who is truly responsible for these swings? While some have pointed fingers at realtors, accusing them of driving bidding wars, this article...
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...