How’s the Kitchener Waterloo real estate market? Buyers’, sellers’ or balanced?

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Canadian real estate markets by cityHow’s the Kitchener Waterloo real estate market? And how does it compare with other cities in Canada?

Over all, home sales in Canada plunged 15.1% in September from a year earlier.

BMO economist Robert Kavcic tracked 23 markets, using three-month averages compared to a year earlier, rather than just comparing September 2012 to September 2011. Of those 23, he found, 13 are experienced “balanced conditions,”.

Currently, Kitchener Waterloo has a balanced market. However, with sales generally falling relative to new listings, the number of “buyers’ markets” could be on the rise in the months ahead.

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