The Average sale price of all detached homes in the Kitchener-Waterloo market place was $329,063 in September of 2010 compared to $298,626.00 a year ago.... a 10.2 per cent increase. I can remember when one could purchase a nice two storey, double garage backing onto greenspace for $30,000.00 m.l. Mind you that was 1972. That means for today's average price on one home.... one could have acquired almost 11 properties in 1972. The math will drive you nuts but that means that in today's value, those homes would be worth 3,988,500.00.... for a net gain of approximately $3,620,000.00 m.l.
Isn't Real Estate Wonderful !