There's an old fable about a chicken who thinks the sky is falling because he got hit in the head with a falling acorn. The moral of this fable is to have courage and not to be a "chicken". This "disaster is imminent" message is a common theme in the media today. It appears the residents of Waterloo Region know better.
In what can best be described as a stable market, the Kitchener-Waterloo Real Estate Board reports residential sales in Kitchener-Waterloo for March 2009 totalled 405. While this was a 15% decline over the 479 units sold in 2008, the average price increased from $252,567 in '08 to $252,778 in '09.
First-time buyers are entering the market spurred by historically low interest rates and a good selection of homes to choose from. Active residential listings in Kitchener-Waterloo sit at 1467 or less than a 4 month supply.
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