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Home Sales Continue to Break Records in May 2021

The Kitchener-Waterloo housing market continued to break records in May 2021. The month saw a total of 854 residential properties sold through MLS, up 100.9% from May 2020. “While last May home sales were restrained due to the pandemic, May 2021 was another extraordinary month of home buying and selling activity,” says Nicole Pohl, President of KWAR. “Prior to 2020, the previous 10-year average number of residential sales for May was 656.” Residential properties sold in May 2021 included 485 detached homes (up 85.8% from May 2020), 106 apartment-style condominium units (up 152.4%), 74 semi-detached (up 72.1%) and 188 townhomes (up 138%). The average price of a home in Kitchener-Waterloo was $740,103 in May 2021, up 30.4% from May 2020. The average price of a detached home was $868,990, up 32.6% from May 2020. Additionally, condominium units sold for an average of $457,935 (up 38.6%), semi-detached for $659,975 (up 36.8%) …
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Number of Home Sales in April Second Highest on Record

The Kitchener-Waterloo housing market continued to break records in April 2021. The month saw a total of 843 residential properties sold through MLS, up 263.4% from April 2020. “Even if we do not take into account April 2020, when Ontario was in the early days of its state of emergency, it was still an exceptional number of homes sold last month,” says Nicole Pohl, President of KWAR. “The previous 10-year average number of residential sales for April was 618.” Residential properties sold in April 2021 included 484 detached homes (up 233.8% from April 2020), 111 apartment-style condominium units (up 382.6%), 67 semi-detached (up 294.1%) and 181 townhomes (up 285.1%). The average price of a home in Kitchener-Waterloo was $757,906 in April 2021, up 34.3% from April 2020. The average price of a detached home was $899,315, up 36.9% from April 2020. Additionally, condominium units sold for an average of $441,887 …
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Record Smashing Number of Home Sales in March 2021

The Kitchener-Waterloo housing market broke records in March 2021. The month saw a total of 993 residential properties sold through MLS, up 72.7% from March 2020. “This is the first time we’ve sold more than 900 homes in a single month,” says Nicole Pohl, President of KWAR. “The second-highest number of sales occurred in May 2017 when there were 816 sales through our MLS® System.” Residential properties sold in March 2021 included 593 detached homes (up 69.4% from March 2020), 124 apartment-style condominium units (up 82.4%), 79 semi-detached (up 216%) and 197 townhomes (up 49.2%). The average price of a home in Kitchener-Waterloo was $765,393 in March 2021, up 30.8% from March 2020. The average price of a detached home was $899,460, up 32.3% from March 2020. Additionally, condominium units sold for an average of $423,470 (up 12%), semi-detached for $652,669 (up 32.5%) and townhomes for $622,258 (up 35.9%). There …
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Support Local This Easter Weekend

While people may be celebrating Easter a bit differently this year, there are still ways that you can support local businesses in a safe manner. Here are some great local bakeries in Kitchener-Waterloo to order some Easter-themed treats! Winnie’s Gluten-Free (519) 590-2769 winniesglutenfree.com Located in Belmont village, Winnie’s GLuten-Free is the perfect choice for delicious, gluten-free desserts. Head over to their website or give them a call to place your order! Debrodniks Donuts debrodniks.ca This local favourite is offering a special Easter menu until April 4th. Check it out on their website while supplies last! Norris Bakery (519) 742-0564 norrisbakery.com Norris Bakery was established in 1943 by Albert Norris.  The Bakery was owned and operated by the Norris family till 2000 at which time the Bakery was sold to the lead baker who has operated the Bakery since 2000. Norris Bakery strives to provide our customers with homemade quality baked goods, made …
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Support Local on St Patrick’s Day

While people may be celebrating St. Patrick’s Day a bit differently this year, there are still ways that you can support local businesses in a safe manner. Here are some great local restaurants to order from for today’s festivities! McCabe’s Irish Pub and Grill Kitchener (519) 743-3400 mccabeskitchener.com Waterloo (226) 647-5321 mccabeswaterloo.com “Irish pubs in downtown Kitchener and Uptown Waterloo where you can enjoy some traditional Irish grub and yummy pub fair. McCabe’s is the perfect mix between Irish tradition and local flair with a friendly atmosphere and always a warm bar stool. During the day it’s more laid-back, ideal for grabbing lunch and caffeine fixes.” Malt and Barley Public House (519) 745-6460 maltandbarley.ca “There’s no better way to celebrate Paddy’s Day than with a 3-course meal from your local pub! Order a 3-course Irish feature that includes mulligatawny soup, lamb stew, Irish car bomb puddin’ & more! Plus, there …
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March Home Checklist

The start of a new month always comes with a list of to-dos. As Spring is right around the corner, there are a few things you might want to check up on around the house. To prepare your property for the new season, check out our March Home checklist! Check your walkways, driveway, and roof for winter damage Once winter has passed and the snow has melted, check key areas around the exterior of your house for winter damage. It is important to do routine maintenance checkups like this to avoid long-term damage and more expensive repairs down the road. Get ready for tax time The tax-filing deadline in Canada isn’t until April 30, but getting everything organized this month will make things a lot less stressful. Go through your paperwork, update your files, and gather all of your important documents in one place. Spring clean your mirrors and surfaces …
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February 2021 Produces Record Numbers in the KW Housing Market

The Kitchener-Waterloo housing market broke records in February 2021. The month saw a total of 597 residential properties sold through MLS, up 27.8% from February 2020. “Competition for homes continued to be extremely intense in February, leading to a record-breaking number of home sales for the month,” says Nicole Pohl, President of KWAR. “We continued to see dramatic increases in the average price in February due to the persistent and fierce competition for homes in our region combined with short supply.” Residential properties sold in February 2021 included 337 detached homes (up 23.9% from February 2020), 101 apartment-style condominium units (up 57.8%), 47 semi-detached (up 46.9%) and 112 townhomes (up 13.1%). The average price of a home in Kitchener-Waterloo was $752,289 in February 2021, up 32.9% from February 2020. The month came with a significant milestone as the average price of a detached home was over $900K for the first …
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Kitchener is The 8th Most Expensive City for Rent in Canada

Image via Padmapper According to a recent study by Padmapper, Kitchener is one of the most expensive cities to rent in Canada. The report shows that the average rent for a one-bedroom apartment in Kitchener is $1,390, positioning them at 8th place in the nation. For a two-bedroom apartment, the average rate of rent is $1,670. This is up two positions from a previous report which shows that rent is increasing at a rate of 5.3% every year. Kitchener comes in just ahead of Hamilton and Montreal on the list. Rounding out the top three is Burnaby, Toronto, and Vancouver. For the full report from Padmapper, click here.

A Semi-Detached Home in Kitchener Sells for $300K Above Asking Price

A semi-detached home in Kitchener just sold for $300,000 above the asking price. The Kitchener-Waterloo real estate market is clearly not slowing down for the time being. Located in Kitchener’s Laurentian West neighbourhood, the home was listed for $500,000. 53 offers later, it sold for $801,000. According to the story covered by CTV News Kitchener, residents in the area were not surprised, citing the booming housing market in the Region of Waterloo. Kitchener-Waterloo is a very attractive region for people looking to move out of bigger cities. Statistics Canada recognized Waterloo Region as one of the fastest-growing places, population-wise, in the country. “It’s just driving up that purchase price,” said Nicole Pohl, president of the Kitchener-Waterloo Association of Realtors. “We just do not have enough supply and, when there’s high demand, that’s just the reality of economics.” What are your thoughts on the surging housing market in Waterloo Region? Comment …
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KW Home Sales Off To an Exceptional Start in 2021

The Kitchener-Waterloo housing market took a huge leap in January 2021. The month saw a total of 351 residential properties sold through MLS, up 24.9% from January 2020. “January’s home sales were more active than what we typically see this time of year,” says Nicole Pohl, President of the KW Association of Realtors (KWAR). “But nothing has been typical about our housing market.” Residential properties sold in 2021 included 201 detached homes (up 31.3% from January 2020), 71 apartment-style condominium units (up 97%), 21 semi-detached (unchanged) and 56 townhomes (down 17.6%). The average price of a home in Kitchener-Waterloo was $695,582 in January 2021, up 23.9% from January 2020. The month came with a significant milestone as the average price of a detached home was over $800K for the first time ever, coming in at $853,945. This was up 27.3% from January 2020. Additionally, condominium units sold for an average …
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