Home sales have been steadily declining since the Bank began its series of interest rate hikes.
- October 10, 2022
- 08:25 pm
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. Meanwhile, rental demand has exploded nationwide, with average rent prices reaching a three year high.
Kitchener
Single Family
Median Sales Price : $790,000
Percentage Increased
from June 2021 : -2.6%
NO. of new listings :243
Median Days on Market : 13
Nos. of Sales : 124
Semi-detached
Median Sales Price : $630,500
Percentage Increased
from May 2021 : -2.8%
NO. of new listings : 16
Median Days on Market : 9
Nos. of Sales : 16
Townhouse
Median Sales Price : $610,000
Percentage Increased
from May 2021 : -6.90%
NO. of new listings : 94
Median Days on Market : 15
Nos. of Sales : 51
Condo
Median Sales Price : $402,500
Percentage Increased
from May 2021 : 17.00%
NO. of new listings : 75
Median Days on Market : 17
Nos. of Sales : 28
WATERLOO
Single Family
Median Sales Price : $833,809
Percentage Increased
from May 2021 : -17.40%
NO. of new listings : 97
Median Days on Market : 10
Nos. of Sales : 50
Semi-detached
Median Sales Price : $662,500
Percentage Increased
from June 2021 : 5.20%
NO. of new listings : 7
Median Days on Market : 13
Nos. of Sales : 6
Townhouse
Median Sales Price :$663,750
Percentage Increased
from June 2021 : -0.20%
NO. of new listings : 39
Median Days on Market : 18
Nos. of Sales : 19
Condo
Median Sales Price : $464,750
Percentage Increased
from June 2021 : 1.00%
NO. of new listings : 41
Median Days on Market : 34
Nos. of Sales : 22
CAMBRIDGE
Single Family
Median Sales Price : $760,500
Percentage Increased
from May 2021 : -5.10%
NO. of new listings : 143
Median Days on Market : 16
Nos. of Sales : 100
Semi-detached
Median Sales Price : $612,575
Percentage Increased
from May 2021 : -8.60%
NO. of new listings : 21
Median Days on Market : 15
Nos. of Sales : 22
Townhouse
Median Sales Price : $663,750
Percentage Increased
from May 2021 : -3.80%
NO. of new listings : 39
Median Days on Market : 21
Nos. of Sales : 20
Condo
Median Sales Price : $444,550
Percentage Increased
from May 2021 : -3.30%
NO. of new listings : 19
Median Days on Market : 24
Nos. of Sales : 10
GUELPH
Single Family
Median Sales Price : $865,000
Percentage Increased
from May 2021 : -2.60%
NO. of new listings : 147
Median Days on Market : 19
Nos. of Sales : 74
Semi-detached
Median Sales Price : $697,500
Percentage Increased
from May 2021 : -7.00%
NO. of new listings : 6
Median Days on Market : 58
Nos. of Sales :6
Townhouse
Median Sales Price : $692,750
Percentage Increased
from May 2021 : 2.50%
NO. of new listings : 60
Median Days on Market : 15
Nos. of Sales : 44
Condo
Median Sales Price : $472,000
Percentage Increased
from May 2021 : -2.90%
NO. of new listings :39
Median Days on Market : 35
Nos. of Sales : 19
Market Stats
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