Preliminary sales results from the Kitchener-Waterloo Real Estate Board indicate unit sales fell in December by approx. 25% year-over-year. In December 2008, there were 171 sales of single family homes versus 229 for December 2007. Approx. 60% of sales were under $250 000 and approx. 10% of sales were over $400 000.
There are currently 1044 active residential listings.
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Posted by Jeff Gingerich
on January 6, 2009
Preliminary results of unit sales in November 2008 indicate a market shift has occurred. In Kitchener-Waterloo, 240 residential properties changed hands. This represents a 40% decline over November 2007 when 400 properties were sold. There are currently 1330 properties for sale which equates to approximately a 5 1/2 month supply.
Posted by Jeff Gingerich
on January 6, 2009
Effective June 23, 2008, Realtors in Canada must obtain identification from clients and customers as part of a Canadian government initiative to fight money laundering and terrorist financing. This applies to both buyers and sellers of real estate. Full information is available at www.fintrac.gc.ca or toll-free 1-866-346-8722
Posted by Jeff Gingerich
on July 8, 2008