Is It True Real Estate Is Down 20%?

In my travels yesterday, I had a fellow ask me:  Is it true real estate is down by 20%?  My answer was "Maybe somewhere but not in Kitchener Waterloo".

Regular readers of this Kitchener Waterloo real estate blog will know that markets are local.  They'll also remember "if it bleeds, it leads".  The mainstream media have reported snippets of real estate news in Alberta as gospel across Canada.  The result is a confused public which leads to questions like the one above.

So how is the local market?  February sales in Kitchener Waterloo are up nearly 8% month-to-date.  Be sure to check back early in the week for the final numbers.

Until then, if you need sound real estate advice, feel free to call, text or email 519-505-4488

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Jeff Gingerich

Jeff Gingerich

Sales Representative
CENTURY 21 Heritage House Ltd., Brokerage*
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