According to this recent press release from the KWREB, the real estate market in Kitchener-Waterloo and area is off to a great start with the best January on record for the local real estate board.

KITCHENER-WATERLOO, ON (February 3, 2010) - Sales of residential properties through the MLS® System of the Kitchener-Waterloo Real Estate Board (KWREB) last month represented the best January ever, nudging by the previous record set in 2006. It was also the fifth month in a row that home sales in the region reached a monthly high.

Home sales activity reached 416 residential sales last month, a jump of nearly 64 percent compared to January 2009. Relative to December 2009, sales saw a 16.5 percent gain last month.

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In this recent press release from the Kitchener Waterloo Real Estate Board (KWREB), the board states that the local real estate market is continuing on the strong trend that began in 2009.

K-W Home Sales End Year on Strong Note

KITCHENER-WATERLOO, ON (January 6, 2010) - Another new record for residential sales was set by the Kitchener-Waterloo Real Estate Board (KWREB) in December. MLS® home sales hit 356 units to the end of December, a 60 percent increase from the same month one year ago, and a 15 percent increase from the previous record set in 2006.

The steady climb of residential property sales that began in the second quarter brought the year-to-date total in Kitchener-Waterloo and area to 6,467, a 5.8 percent increase over 2008.

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According to a recent press release from the Kitchener-Waterloo Real Estate Board, consumers are showing confidence in the local real estate market.

KITCHENER-WATERLOO, ON (October 5, 2009) - The 531 homes sold last month through the MLS® System of the Kitchener-Waterloo Real Estate Board (KWREB) may be a mere one percent increase relative to one year ago, but is still the most ever recorded in a single September of the board's history.

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According to a recent press release from the Kitchener-Waterloo Real Estate Board, residential properties in Kitchener-Waterloo and area increased 26 percent last month over August 2008, this was driven by the sale of condos.

In August there were a total of 594 homes sold through the MLS® System of the Kitchener-Waterloo Real Estate Board (KWREB) including 364 detached homes (up 16 percent from August 08), and 132 condominium units (up 67 percent from August 08).

"Demand for higher priced homes was softer in August compared to last month and compared to the same month last year", says Karen Shartun, KWREB President. This combined with the increased demand for more affordable housing types has put downward pressure on Augusts' average residential price which decreased 4.5 percent to $253,325. Meanwhile, on a year-to-date basis the average residential price only decreased 1.7% to $260,985.

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CKCO TV is Kitchener Waterloo's local television station. They featured Coldwell Banker Canada's President, John Geha in a news story about housing prices during John's recent visit to Coldwell Banker Peter Benninger Realty.

You can view the video on the CTV website.

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According to this recent article provided by the Canadian Mortgage and Housing Corporation (CMHC) the outlook for the national housing market in Canada is looking up.

OTTAWA, September 3, 2009 - Housing starts are expected to rebound in the second half of 2009 and will reach 141,900 for the year. Starts will increase to 150,300 for 2010, according to Canada Mortgage and Housing Corporation's (CMHC) third quarter Housing Market Outlook, Canada Edition* report. The overall forecast totals for housing starts remain unchanged from the second quarter release.

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Recently John Geha, the President of Coldwell Banker Canada visited the Coldwell Banker Peter Benninger Realty offices in Kitchener. During that visit John and Peter Benninger were interviewed by the Waterloo Region Record newspaper. In this article John discusses his view that there are hopeful signs that the economy is on the mend:

Consumer confidence fuels housing recovery

September 22, 2009 - BY ROSE SIMONE, RECORD STAFF - KITCHENER - When John Geha, president of Coldwell Banker Canada, was recently booking a trip from Toronto to Calgary, he was told every single flight was oversold. He has also learned that car rental companies are adding cars to their fleets and hotel managers are seeing business travellers coming back.

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In this press release from Coldwell Banker LLC, the company discusses the results of an interesting survey of 1,000 men and women asked about their home-buying preferences.

Survey Finds that While Couples Make Real Estate Buying Decisions Together, Women Make Up Their Minds Significantly Faster than Men

17, 2009) - It often seems as though men and women are from different planets, but every day millions of couples navigate through day-to-day and even life-altering decisions. Because a home is the biggest purchase most people will make in their lifetime, Coldwell Banker Real Estate LLC surveyed 1,000 individuals to discover how much men and women differ in the home-buying process.

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Here is an article that recently appeared in our major local newspaper, The Record. The article discusses the real estate market in the Kitchener-Waterloo area and suggests that the local economy is on the way to recovery, lead by the real estate market.

July 23, 2009

BY CHUCK HOWITT, RECORD STAFF

KITCHENER - While the national economy appears to have turned a corner from the sudden and brutal recession of the past nine months, what has amazed economists even more is the rebound in the housing market.

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A total of 722 homes sold in Kitchener-Waterloo and area in June of this year, this is a 1.3 percent increase over June 2008. It is also the second best month on record for residential property sales through the MLS system of the  KWREB. In fact, overall June sales were up in all categories except multi-family and land sales.

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December 20, 2008 - Liz Monteiro - RECORD STAFF

WATERLOO - The condo market in Toronto may be slowing to a halt, but in Waterloo Region the boom continues -- at least for now.

The latest plan for a luxury development, 45 Degrees  on King, is a 17-floor, 93-unit building slated for King and Columbia streets in Waterloo.

Construction is to start in May, for completion in September 2010, said Michael Huber, sales and marketing manager for Kingsley Developments of Kitchener.

Thirty per cent of the units have been sold so far, Huber said. He expects they will sell out.

"We are in a little bit of a bubble here,'' said Huber.

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