At Chestnut Park West, we love any excuse to get together and have a great time. This year, we hosted an epic Ski Day at Osler Bluff Ski Club, bringing along clients, colleagues, and friends for a day of fresh air, good vibes, and fun on the slopes. The excitement started right on the bus ride there, with everyone buzzing about the day ahead. When we arrived, Osler Bluff was as gorgeous as...
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...
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...