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

Screen Shot 2012-10-16 at 1.01.36 PM

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.


Leave a Reply

Your email address will not be published. Required fields are marked *

eight + 3 =

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>