Category Archives: Market UpdateHey everyone
Just wanted to post a quick update showing where the Index is now vs where it was last month at this time June 29 vs May 29).
We’ve seen our hot market continue to slow, and a clear buyers market is emerging. Total sales over a rolling 30 day period have dropped from 493 […]
USC experts predict 'soft landing' in real estate
By Glenn Roberts Jr.
Higher interest rates and energy costs, and reduced refinancing activity are also taking a toll on consumer spending, which has sunk from about 3.9 percent in 2004 to a current level of about 3 percent.
"We don't believe the housing market is going to fall off […]
We have not seen much movement since the last Housing Index update was published. The Overall Index and the under-$300,000 Index stayed constant, while the Index for homes between $300,000 - $600,000 fell .01 to .26, and the Index for homes over $600,000 fell .02 to .12. This reflects the general trend of […]
CTV.ca is reporting that for the first time ever, the average price for a residential home in a major market is over $300,000:
The average national price of a big city home in Canada surpassed $300,000 for the first time ever in May with sales numbers hitting record levels.
"May marks the fourth consecutive month in which […]
Today, a customer asked me if I thought we were heading for a market slowdown. This is a popular question these days, with many people talking about the dreaded bubble. Now, the 'b' word doesn't get invoked too often in my market, since we have such a hot economy, but I am in […]
As of May 27, the KW Housing Index is 0.516
Welcome to my weekly weekend update of the market in Kitchener Waterloo!
For the last few years the area has been one of the hottest markets in Ontario (and for good reason!), and recently we've been seeing a slight shift in favor of a buyer's market in […]
Last night I had the pleasure to meet my business achievement coach, another Realtor he coaches and his lovely associate, and two of his colleagues (also achievement coaches) for drinks in Markham (a suburb north of Toronto). A great time was had by all (especially 'shy' Jerry), and it was a pleasure to spend an […]
As of today, the Housing Index is: .52
Welcome to Kitchener-Waterloo Market Watch, a new blog which will track and report on the housing market in Kitchener-Waterloo (and surrounding area). One way we monitor the market is by tracking and publishing the Kitchener-Waterloo Housing Index, which is an indicator of buyer intensity for listed […]
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