News

Most experts anticipate many of the housing market trends of 2021 will continue in 2022, albeit at a more moderate level. Robust buyer demand and inventory shortages are likely to persist over the next year. Home sales are projected to remain strong but will be tempered by the limited supply of homes, higher sales prices, and rising interest rates. Price growth is expected to slow somewhat as a result, but affordability will likely remain a top constraint for many homebuyers. In the Region of Waterloo the median sales price over the past 12 months has increased 28.2 percent to $840,000 for detached homes and 32.9 percent to $600,000 for attached homes from the previous 12 month period. Other market trends are also continuing; region wide in the first month of 2022 the average property sold in just 12 days for 115.6% of its listed price and our current supply of inventory sits at just 1.1 weeks.