Housing Statistics for Waterloo Region
Housing Information as provided by Canada Mortgage and Housing Corporation, for more information visit http://www.cmhc-schl.gc.ca/en/co/buho/seca/ware/ware_002.cfm
Waterloo Region has a wide range of housing types and tenures to meet the needs of various housing sizes, characteristics and income ranges. House prices in Waterloo Region are relatively affordable, lower than in Toronto and the surrounding area, but higher than some other southern Ontario communities located away from Toronto.
Waterloo Region is considered a national leader in the creation of affordable housing and the creation of safe and affordable communities is a key priority. The region also has a full range of resources to help newcomers find a rental home.
Average Rents
The average monthly rent for a two-bedroom apartment is $824. The average monthly rent for a three-bedroom apartment is $933.
Vacancy Rate and Availability
In Waterloo Region, the vacancy rate for two bedroom rental apartments is 3.4 per cent. The vacancy rate for three bedroom rental apartments is 5.3 per cent. This is the proportion of rental apartments that are vacant and ready for move-in.
The proportion of apartments that are either vacant or the present owner has given notice to move-out is 6.0 per cent for two-bedroom apartments, and 5.1 per cent for three-bedroom apartments.
Home Purchase Prices
In Waterloo Region, the average MLS® house price is $237,913.
Posted by Szabolcs Pall
on June 20, 2008