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Home sales up almost 10 per cent in this Ontario market
12/7/2015 | Posted in Real Estate Market by Paul DeAdder | Back to Main Blog Page
Sales of homes in the Kitchener-Waterloo market increased by 9.8 per cent in November compared to a year earlier. The Kitchener-Waterloo Association of Realtors said that there were 413 sales through its MLS; 1 10 per cent rise in detached homes, 37.5 per cent rise in condo sales, a 31.2 per cent drop in semi-detached sales and a 15.4 per cent decline in townhomes.
“2015 is just about wrapping up and we’ve had an incredible year for home sales in the Region,” says Charlotte Zawada, newly elected President of KWAR. “With the CMHC forecasting steady mortgage rates and stronger employment in the Region into 2016 we look forward to continued demand for housing in Waterloo Region.”
Prices for single-family homes increased to a median $412,581, up 8.2 per cent year-over-year. Condo prices increased 7.3 per cent to $225,341. The average for all home types was up 6.7 per cent to $350,703.
