Local Kitchener Waterloo
New Report Released About Kitchener Waterloo Real Estate
November 5, 2007 by Benjamin Bach · Leave a Comment
This afternoon, CMHC sent me their newest report about the Kitchener Waterloo and Guelph (they have added Guelph into the Kitchener Waterloo report this quarter) real estate market (”Kitchener and Guelph CMA Housing Market Outlook“).
There is a wealth of research and statistical knowledge contained in it, including information on new housing starts, sales volume, sales prices, and economic trends.
Here is a sample of what CMHC has to say about the residential real estate market:
Relatively more affordable existing home prices, a high level of new listings, low mortgage carrying costs through diverse home financing options, limited choice in the new home market and continued population growth will contribute to the record sales in 2007 and only a slight pullback [in volume] for sales in 2008.
The supply of new listings has been trending higher since 2000. As house prices continued to rise, homeowners have been encouraged to list their homes for sale.
New listings will remain high in 2008, but virtually unchanged from 2007 levels.
The ample choice will encourage potential homebuyers to begin their search for a home in the resale home market.
Despite the high level of new listings, demand has outpaced supply.
You can read the entire report here courtesy of CMHC.
Benjamin Bach wants to show you how Real Estate Investing can make you wealthy. He works with investors from across Ontario and Canada, helping them build wealth through smart real estate investments.
Call or email Kitchener Waterloo’s Favourite Real Estate Agent (Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 – 2008) today to learn how you can start your Real Estate Investment portfolio.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
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