Nationally, home prices increased 1.5% on a quarterly basis in Q2 despite activity slowdown in major markets The spring market that never was: Canadian real estate remains in prolonged catch-up period as buyers idle on the sidelines Further interest rate cuts required to increase purchasing power and improve consumer confidence Second-quarter highlights: TORONTO, July 11, […]
Tag Archives: economy
Waterloo Region Housing Market Sees Cooling Trend: Increased Inventory and Lower Prices Provide Opportunities for Buyers BY WRARJULY 4, 2024MARKET STATS WATERLOO REGION, ON (July 4, 2024) —In June, a total of 674 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a […]
After holding the overnight lending rate at a two-decade high of 5% for 11 months, the Bank of Canada has reduced its policy rate. In its pre-scheduled announcement for June, Canada’s central bank reduced the target for the overnight rate by 25 basis points to 4.75%. Though inflation remains slightly above the BoC’s target rate […]
Waterloo Region Sees Dip in Home Sales Due to Sluggish Condo Market WATERLOO REGION, ON (June 5, 2024) —In May, a total of 742 homes were sold via the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). This represents a decrease of 8.1 per cent compared to the same period last […]
Despite rising inventory levels, many of Canada’s homebuyers have remained on the sidelines this spring, resulting in more balanced, less feverish market conditions this past month. According to the latest market report from the Canadian Real Estate Association (CREA), home sales across Canadian MLS Systems dropped 1.7% month-over-month in April, 2024. Actual monthly activity came […]
Waterloo Region Sees Slight Sales Growth in April Alongside a Strong Increase in Homes for Sale BY WRARMAY 3, 2024MARKET STATS WATERLOO REGION, ON (May 3, 2024) —In April, a total of 692 homes were sold via the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). This represents an increase of 3.3% […]
Waterloo Region Home Sales Sluggish in February, Prices Steady BY WRARMARCH 5, 2024MARKET STATS WATERLOO REGION, ON (March 5, 2024) — In February, there were 485 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 9.7 per cent compared to the previous year and a decline […]
Waterloo Region’s Housing Market Shows Signs of Improvement in January BY WRARFEBRUARY 2, 2024MARKET STATS WATERLOO REGION, ON (February 2, 2024) — In January, there were 375 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 25.4 per cent compared to the previous year and […]
National home prices close out 2023 above prior year, despite continued slowdown in market activity Royal LePage expects sidelined buyers to re-engage this quarter ahead of expected rate cuts by the Bank of Canada Fourth quarter highlights: TORONTO, January 15, 2024 – According to the Royal LePage House Price Survey released today, the aggregate[1] price of a […]
Annual Home Sales Down Significantly in Waterloo Region in 2023 BY WRARJANUARY 5, 2024MARKET STATS WATERLOO REGION, ON (January 5, 2024) — There were 6,623 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in 2023, a decrease of 14.8 per cent compared to 2022, and a decline of 23.2 […]
Alasdair Douglas 