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Real Estate Market Updates

The real estate market is constantly changing. It is nice to be able to look back over the whole year and see what has happened. Here is a collection of the monthly market updates created for our clients using the most recent data each month. To receive this information to your inbox each month click here.

See the past year of real estate market updates below.

Note: Beginning with this month’s release we are including the MLS® Home Price Index (HPI). The HPI is the best way to gauge price trends because averages are strongly distorted by changes in the mix of sales activity from one month to the next.

The Kitchener-Waterloo Association has introduced a new price indicator in an effort to better define value; modelled after the Consumer Price Index, which measures changes to the cost of a fixed basket of goods and services, the MLS Home Price Index considers how a home’s features affect its price. Average prices can be skewed by upper or lower-end outliers.
 
*The average single detached home that the HPI Benchmark value is based on is a 1372 sq ft, detached home. It has a poured foundation, brick and vinyl exterior, single garage, finished basement, and three bedrooms.

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