Market Stats - Rego Realty

Market Stats

Waterloo Region is ranked among Ontario’s best places to invest in real estate.
Rego Realty can help make you take advantage of our region’s investment boom.

Waterloo Region Home Prices Inch Up in March 2023, Despite Low Sales Volume

Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) set another low last month, with 611 homes sold in March.This represents a decrease of 38.4% compared to March 2022 and 33.6% below the previous 5-year average for the month.

April 12, 2023

The Waterloo Region Real Estate Market: A Shift Towards Balance

Are you on the lookout for a new home in the Waterloo Region? Or are you a homeowner considering putting your property on the market? Either way, you'll want to know about the latest market statistics. February saw a shift towards a more balanced real estate market in the region,

March 08, 2023

Number of Home Sales in January Exceptionally Low

The number of homes sold last month through the Multiple Listing Service® (MLS®) System totalled 297 units, a decrease of 41.9 per cent compared to January 2022 and 31.0 per cent below the previous 5-year average for the month.

February 09, 2023

Fewer Homes Sales in December Ends a Year of Weaker Sales Activity in Waterloo Region

In December, the average sale price for all residential properties in Waterloo Region was $720,596. This represents a 15.5 per cent decrease compared to December 2021 and a 2.1 per cent decrease compared to November 2022.

January 09, 2023

Waterloo Region Home Prices Continue to Cool in November

In November, the average sale price for all residential properties in Waterloo Region was $736,024. This represents a 10.4 per cent decrease compared to November 2021 and a 3.6 per cent decrease compared to October 2022.

December 09, 2022

Housing market continues to adjust to higher interest rates.

Home prices remained relatively stable in October 2022 as the housing market continues to adjust to higher interest rates. Average home prices slightly increased compared to last month but remained below the average prices seen in the last year.

November 13, 2022

Home sales have been steadily declining since the Bank began its series of interest rate hikes.

Higher mortgage interest rates have also led many sellers to hold off on listing their home, causing new listings to soften from the previous month. Also, according to the Canada Real Estate Association, marking the sixth consecutive month values have declined.

October 10, 2022

Summer 2022 has been a season of change for Canada’s real estate market.

Home sales have continued their downward trend nationwide, falling 5.3% month-over-month as of last measure, with sales down nearly 30% from the same period last year, according to the Canada Real Estate Association (CREA)

September 17, 2022

At a time of year when sales are typically strong, Canada’s real estate market has cooled significantly, as ...

Nationally, home sales fell 5.6% month-to-month and were down nearly 24% from the same period last year, according to the Canada Real Estate Association (CREA) ...

August 19, 2022

HOME PRICES CONTINUE TO DIP AS MONTHS SUPPLY RETURNS TO PRE-PANDEMIC LEVEL

What this means for buyers is more inventory, more choices, and perhaps most importantly, potentially less stress when purchasing. For sellers, they need to ensure their properties stand out from the competition and be aware it may take more time to sell their home and for potentially less money than they were expecting.

July 7, 2022

LISTINGS INCREASE WHILE HOME SALES SLOW IN MAY

Subheading- With the announcement from the Bank of Canada about another interest rate hike this week we may see a resurgence of buyers who have locked in at a lesser rate, but as borrowing costs continue to increase, we should expect demand will continue to soften, particularly in the more entry-level segment of the market.

June 10, 2022

MORE LISTINGS, SLOWER HOME SALES IN APRIL

While the number of sales remains strong, and sale prices continue to turn out robust annual gains, we’re seeing fewer multiple offers and more conditions on offers making their way back into the market.

May 5, 2022

Are we heading toward a more balanced market?

The region has seen more decline in the prices but more sales.

April 5, 2022

ABOVE AVERAGE NUMBER OF HOME SALES AND MORE LISTINGS IN FEBRUARY

The average sale price information can be useful in establishing long-term trends

March 8, 2022

Homes Selling for 123.3% of the asking price.

Record low investor makes it the best time to sell

February 4, 2022

2021: a record-shredding year for Canadian real estate.

Early in the pandemic, some expected a steep decline in home sales and prices in Canada...

January 02, 2022

Lower inventory and fewer sales continued to increase the average price.

Holidays and festive season kept a low inventory in December

January 5, 2022

HOMEBUYING DEMAND CONTINUES TO OVERWHELM HOUSING SUPPLY

Listings continue to be outstripped by buying demand

December 2, 2021

PRICES CONTINUE TO INCREASE WITH STRONG HOME SALES IN OCTOBER

With ongoing constraints on supply versus demand, home price continued to accelerate in October

November 2, 2021

LISTINGS CONTINUE TO BE OUTSTRIPPED BY BUYING DEMAND

Listings continue to be outstripped by buying demand

October 18, 2021