Wrapping up KW real estate in 2017


By Cindy-lou Schmidt

As 2017 comes to a close, let’s take a look back at what we’ve seen in Waterloo Region real estate for trends and new policies with the top 5 headlines:

1. Single-detached homes lead the real estate market in Waterloo region

 

2. Home sale prices up 40% year-over-year; average sale now above $500,000

 

3. Ontario slaps 15% tax on foreign buyers, expands rent control in 16-point plan to cool housing

 

4. Fewer homes sold in K-W in August but prices continue upwards

 

5. OSFI sets new mortgage rules, including stress test for uninsured borrowers

 

It’s been a big year! We’ve seen the market go up, down and around and finally begin to balance out, giving buyers hope that they won’t be squeezed out of owning their first home or making a move-up purchase after they sell. See you in the New Year!

Cheers,

Cindy-Lou Schmidt
Cindy-Lou Schmidt

Broker / Manager
 
 
Cindy-Lou is a dedicated Broker/Owner and REALTOR® based in Waterloo who is proud to serve her hometown and community. She is adamant in the value of home ownership both for the financial and wealth benefits, but also as a foundation of healthy communities. With 7 years in the real estate business, and as a private investor since 2005, her experience and strategic approach to homes sales has been pivotal in building loyalty with her clients over the years.

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