3,633 homes were sold through the Multiple Listing System (MLS®) of the Kitchener Waterloo Real Estate Board (KWREB) during the first six months of this year, just 96 units short of 2007's record breaking first half. The total value of those sales broke the one billion dollar mark for the first time to the end of June.

According to KWREB, consumers continue to have a strong sense of confidence in the value of home ownership in the region, and they expect the market will remain steady and healthy for the remainder of the year.

The increase in home sales occurred predominantly in the top half of the price range spectrum. There were 2,093 sales of residential properties for more than $250,000 in the first half of the year, compared to 1,446 for the same period in 2009, an increase of almost 45 percent.

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According to this recent press release from the Kitchener-Waterloo Real Estate Board, the local real estate market has remained strong throughout the first half of 2010.

KITCHENER-WATERLOO, ON (July 6, 2010) - During the first half of the year, the number of residential properties sold through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) increased 16 percent.

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It looks like we are going to have another great year for the real estate market in the Kitchener-Waterloo area. As you can see from this press release from the Kitchener Waterloo Real Estate Board (KWREB) our local market is doing very well...

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The 2010 Real Estate year began with the best January ever; beating out the previous record set in January 2006 and seeing the sale of residential properties reach a monthly high for the fifth time in a row. Home sales activity reached 416 residential units, a jump of nearly 64 percent compared to January 2009 and the total dollar volume of residential properties purchased also increased by 84 percent compared to the same month last year.

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As this recent press release from the Kitchener-Waterloo Real Estate Board states, home sales are continuing to surge in the K-W area in March 2010.

MARCH HOME SALES SURPASS THE 700 THRESHOLD

KITCHENER-WATERLOO, ON (April 6, 2010) - For the first time in the month of March, residential property sales through the Multiple Listing System (MLS®) of the Kitchener-Waterloo Real Estate Board (KWREB) surpassed the 700 transactions threshold.

Home sales surged last month to 731 units, an increase of 47.1 percent relative to March 2009 results. In February there were 555 sales.

"Usually we start to see this kind of activity in April and May," said, Ted Scharf, President of the Kitchener-Waterloo Real Estate Board, "but spring has sprung a little earlier this year in terms of home sales."

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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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