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Everything You Need to Know Before Moving to Kitchener-Waterloo

An In-Depth Insight into Relocating to Kitchener-Waterloo Are you contemplating the idea of relocating to the vibrant city of Kitchener-Waterloo? If so, allow me to provide you with a comprehensive guide that encompasses the top five crucial aspects to consider before settling in this captivating part of Canada.

  1. Climate and Geographic Features To commence your journey of discovery, it is imperative to acquaint yourself with the distinctive climate and geography of the Waterloo Region. This locale is renowned for its humid continental climate, characterized by frosty winters with temperatures plummeting to as low as negative 20 degrees Celsius on the coldest days. However, the summers are delightful, gracing the region with temperatures ranging between 25 and 27 degrees Celsius, while the nights maintain a comfortable range of 15 to 17 degrees Celsius.

As for the geography, Kitchener-Waterloo stands apart from numerous Canadian cities by virtue of its predominantly flat and landlocked nature. Unlike Halifax and Toronto, which are situated along vast bodies of water, this region offers a unique topographical landscape.

  1. The Affordability of Living One compelling aspect of Kitchener-Waterloo is its comparably low cost of living when juxtaposed with many other cities in Canada. Particularly noteworthy is the affordability of real estate, especially in comparison to the Greater Toronto Area. Despite a gradual increase in real estate prices over the years, they remain significantly more economical in Kitchener-Waterloo. By choosing to make this move, you stand to save nearly 35% if you are transitioning from the Greater Toronto Area, or potentially even more if you are relocating from the Greater Vancouver Area.

  2. The Thriving Student Community An essential consideration is the presence of a substantial student population, predominantly due to the esteemed Laurier University and the University of Waterloo. This factor holds both advantages and disadvantages for prospective residents. On one hand, the city boasts a vibrant student community, fostering a lively atmosphere. On the other hand, homeowners should be mindful that students may not always exhibit the same level of proficiency when it comes to home maintenance. However, the ongoing construction of larger high-rise buildings is transforming former family homes into student housing units, thereby enhancing the overall cityscape.

  3. A Safe Haven One of the noteworthy attributes of Kitchener-Waterloo is its commendably low crime rate, a highly appealing aspect for those contemplating a relocation. Remarkably, the region achieved the lowest homicide rate among all of Canada in 2021, with a mere 0.33 incidents per 100,000 people. This places Kitchener-Waterloo on par with some of the safest places in the world, such as the United Arab Emirates and Singapore.

  4. Navigating the Unique Transportation System Lastly, it is crucial to familiarize yourself with the transportation system and road grid in Kitchener-Waterloo, as it deviates from the standard grid system commonly found in most North American cities. The city's early settlers laid the groundwork for its roads before surveyors had an opportunity to establish a conventional grid system. Consequently, this unique arrangement might necessitate newcomers to rely on GPS navigation more frequently. Notably, the city is interlinked by an expressway that seamlessly connects Waterloo and Kitchener, with a direct connection to Highway 401.

If you have found this invaluable guide enlightening and wish to delve deeper into the intricacies of the region, I encourage you to watch this informative video (link to video) that offers an immersive exploration of Kitchener-Waterloo from a geographical perspective.

Should you be contemplating a relocation to Kitchener-Waterloo, you will discover a city that not only provides affordable living, a vibrant student population, and a safe environment but also showcases a transportation system that is distinctly its own. Wishing you a smooth and gratifying move!


Video Breakdown: https://youtu.be/f2Q3ALep99g

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Kitchener Ontario EXPLAINED - DON'T BUY Before Reading This

Welcome to our comprehensive travel guide on Kitchener, Ontario! In this blog post, we'll explore various aspects of this beautiful city, from its location and travel times to nearby attractions, transportation, and the best neighborhoods to live in. So, let's get started!


Overview of Kitchener, Ontario


Kitchener is a vibrant city located in Southern Ontario, Canada. Known for its rich history, diverse culture, and thriving tech industry, it has become a popular destination for both tourists and new residents alike.


Travel Times to Nearby Cities and Attractions


Kitchener to Toronto, Ontario: It takes approximately 1 hour and 15 minutes to travel from Kitchener to Toronto by car, depending on traffic conditions. The two cities are well connected via Highway 401.


Kitchener to Niagara Falls, Ontario: The travel time from Kitchener to Niagara Falls is about 1 hour and 45 minutes by car, making it an ideal day trip destination.


Kitchener to Montreal, Quebec: The drive from Kitchener to Montreal takes around 6 hours, making it a great option for a weekend getaway.


Kitchener to Windsor, Ontario: Kitchener is about 3 hours and 15 minutes away from Windsor by car, providing easy access to the US-Canada border.


Kitchener to Grand Bend, Ontario: For beach lovers, Grand Bend is just a 2-hour drive away, offering a perfect spot for a day trip or weekend retreat.


Kitchener to Toronto Pearson International Airport (YYZ): Travelers can reach YYZ in about 1 hour and 5 minutes by car.


Kitchener to Region of Waterloo International Airport (YKF): Kitchener is well-served by its own international airport, which is a mere 20-minute drive from the city center.


Transportation in Kitchener


ION Light Rail: Kitchener's ION Light Rail is an efficient public transportation system that connects the city with nearby Waterloo.


Highways: Kitchener is well-connected by various highways, including Highway 401, Highway 7, and Highway 8.


Travel Times Within Kitchener: Within the city, average travel times range from 10 to 30 minutes, depending on your destination.


Walk Score and Walkability: Kitchener has a walk score of 47, indicating that it is a car-dependent city. However, certain neighborhoods are more walkable than others.


Neighborhoods in Kitchener


Least Desirable Neighborhood: Victoria Hills is considered one of the least desirable neighborhoods in Kitchener due to its higher crime rates and lower property values.


Second Least Desirable Neighborhood: Vanier and Kingsdale are also seen as less desirable areas, with similar concerns as Victoria Hills.


Best Neighborhood: Pioneer Tower West is a highly sought-after neighborhood in Kitchener, known for its beautiful homes, safety, and strong sense of community.


Best Neighborhood for Schools: Hidden Valley is an excellent choice for families, boasting top-rated schools and a family-friendly atmosphere.


New Developments: Kitchener continues to grow, with new developments constantly being built to accommodate its expanding population.


Conclusion


Kitchener, Ontario, is a diverse and thriving city with much to offer residents and visitors alike. With its excellent transportation options, numerous nearby attractions, and a range of neighborhoods to suit various needs, it's no wonder Kitchener is becoming an increasingly popular place to live and visit.


Watch the Video Breakdown here: https://youtu.be/N-Y3rutmyd8

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Kitchener Insider: Local's Guide to Must-See Spots

Are you looking for a fun-filled day exploring the great outdoors in Kitchener, Ontario? Look no further! In this guide, we’ll take you through some of the must-see spots in the city that are perfect for nature lovers, history buffs, and foodies alike.

Huron Natural Area

Let's start with one of Kitchener's most beautiful natural spaces, Huron Natural Area. This 265-acre park is located on the western side of the city and is a stunning forest land, consisting of rolling meadows, hills, wetlands, and walking trails. Here, you can enjoy the great outdoors while taking in the diverse flora and fauna. Keep an eye out for beavers, muskrats, turtles, and many other animals. The park also offers a range of activities throughout the summer, including group outdoor exercise activities, picnic areas, washroom facilities, and playgrounds.

Ken Seiling Waterloo Region Museum

Just east of Huron Park Natural Area, you'll find the Ken Seiling Waterloo Region Museum. The museum consists of two main exhibits, one of which changes throughout the year. The current Aboriginal exhibit explores the contributions of the Aboriginal people to the Waterloo Region, while the other highlights the region's water and how it has developed throughout the years. Here, you'll also find the first Toyota Camry that rolled off the line out of the Cambridge Toyota manufacturer.

Doon Heritage Village

Conveniently located beside the Ken Seiling Waterloo Region Museum is Doon Heritage Village, a living history museum. With over 60 buildings, including woodworking, the post office, and many houses, the museum harks back to the early 20th century. People dressed up in costumes of the era will give you a great idea of what life was like during that time in the Waterloo Region.

Best Cafe in Kitchener

Next, stop by Nova Era for a delicious treat in downtown Kitchener on King Street North. They offer a range of delicious pastries, including the Berliner or Berlin ball, and their lattes are a must-try.

Schneider Haus National Historic Site

This house is one of the oldest buildings in the Waterloo Region, built by Joseph Schneider himself back in 1816. Located in the heart of downtown Kitchener, this beautiful, well-preserved house harks back to the Mennonite population that first settled the land here in the early 1800s. If you are here in Kitchener, it's a beautiful little slice of history to check out.

Homer Watson Park

Named after Homer Watson, a Canadian landscape painter, this park covers over 336 acres of walking trails and forests. It offers great views of the Grand River and the Victoria Park golf course.

Victoria Park

This park is located conveniently right downtown Kitchener and has a New York Central Park vibe to it. Built around 1896, it's an essential part of Kitchener, covering just over 59 acres in size. There are several outdoor activities here, such as splash pads, playgrounds, and many trails. Victoria Park Lake is also a must-see, and it's home to many festivals and events that happen throughout the year.

Woodside National Historic Site

This site is home to the former longest-serving prime minister in Canada, William Lyon Mackenzie King. The house was built in 1853, and King's parents bought it in 1886. This was his childhood home during the time he did move to Ottawa later on, but Woodside will always be his family home. Today, the house is a museum that has been restored to its original look back in the 1890s.

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The TOP 5 Public Elementary SCHOOLS in the WATERLOO REGION

Moving to a new city can be an exciting but daunting experience, especially if you have a family to consider. One of the biggest factors to consider when relocating is the quality of schools in the new area. In this blog post, we will be breaking down the top five public elementary schools in the Waterloo Region.

Number 5: New Dundee Public School With a rating of 8.1, New Dundee Public School ranks very highly compared to other schools in the Waterloo Region. Located southwest of Kitchener, the town offers easy access to Highway 401 and has a low traffic volume due to its small population of just over 1100 people. The housing options in New Dundee are mostly single-family detached homes with a mix of newer and older Victorian-style homes, some dating back to the 1800s. The town also features the Nith River, which runs through it and offers many walking trails. Overall, New Dundee is a great place to move your family.

Number 4: Conestoga Public School Conestoga Public School, located in Conestoga, Ontario, ranks equally with New Dundee Public School at 8.1. Conestoga is just a five-minute drive from Conestoga Mall, the largest mall in the Waterloo Region, and offers a great golf course surrounded by beautiful estate homes. The housing stock in Conestoga is mostly single-family detached homes on larger lots, with a higher average household income than most other cities in the Waterloo Region. If you are looking for a higher-income area, Conestoga is an excellent choice.

Number 3: St. Jacobs Public School With a rating of 8.3, St. Jacobs Public School is located just ten minutes north of Waterloo. The town offers a small-town country vibe, with a beautiful downtown area and many little bakeries. The town also has a large Mennonite population, with the St. Jacob's Farmers Market being one of the largest outdoor farmers markets in Canada. The housing inventory in St. Jacobs is fairly low due to its small size, but it's a great place to take the kids on the weekend.

Number 2: Vista Hills Public School Vista Hills Public School, located in Waterloo, has a rating of 8.4, making it one of the top-rated schools in the Waterloo Region. The neighborhood offers a mix of newer homes and a few older homes, with mostly single-family detached homes. The area is also home to many parks and walking trails, making it a great place for families.

Number 1: Laurelwood Public School Laurelwood Public School, located in Waterloo, has the highest rating on our list at 8.7. The neighborhood is located in the northeast area of Waterloo and offers a mix of newer homes and a few older homes, with mostly single-family detached homes. The area is home to many parks and walking trails and has easy access to shopping centers and restaurants.

In conclusion, when considering a move to a new city with your family, it's important to research the quality of schools in the area. The Waterloo Region offers many great options, including the five public elementary schools listed above. Whether you're looking for a small-town country vibe or a higher-income area, there's a school and neighborhood that will suit your family's needs.

 
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Waterloo Region Real Estate Market Update - February 2023

Real estate sales in the Waterloo Region took a significant hit in February 2023. According to data, there was a 45 percent drop in sales compared to the same time the previous year. In this blog post, we will delve into the sales volume, price categories, and the competitive nature of the Waterloo Region's real estate market.

Sales Volume

A total of 439 homes were sold in the Waterloo Region in February 2023, which represents a 31.5 percent decrease compared to the previous five-year total. The sales breakdown by housing type was as follows: 256 detached homes (down 45.3 percent), 100 townhomes (down 33.3 percent), 55 condominiums (down 52.6 percent), and 28 semi-detached homes (down 56.3 percent).

Price Categories

The average residential sale price in February 2023 was just under $760,000, representing a decrease of 25.1 percent compared to the same time last year and a 0.6 percent decrease compared to January 2023. The average price for a detached home was just under $880,000, representing a 26 percent decrease compared to the same time last year and a 0.9 percent decrease compared to last month. The average sale price for a townhouse was $642,777, representing a decrease of 25.6 percent compared to the same time last year and an increase of 2.7 percent compared to January 2023. The average price for a condominium was $461,322, representing a decrease of 19.2 percent compared to the same time last year and a decrease of 6.9 percent compared to January 2023. The average price for a semi-detached home was $667,250, representing a decrease of 25.8 percent compared to the same time last year but an increase of 2.6 percent compared to January 2023.

Competitive Nature of the Waterloo Region Market

The Waterloo Region's real estate market is known to be one of the most competitive markets in Ontario, and the data seems to support this. Despite the decline in sales, the number of homes available for sale at the end of February was 692, which is an increase of 75.2 percent compared to the same time last year. However, this is still a decrease of 38 percent compared to the previous ten-year average. The number of months of inventory has also gone up by over 140 percent, with only 1.2 months of inventory available, which is historically low. Finally, the number of days it took to sell a home in February 2023 was 20 days, which is an increase compared to the same time last year, which was nine days on the market.

Check out the Video: https://www.youtube.com/watch?v=HHMP-_B3mE0

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Pros and Cons of Living in Kitchener-Waterloo

Looking for a new city to call home in Canada? If you’re considering moving from an overpriced city like Toronto or Vancouver, or you’re a new immigrant to Canada, then you might be wondering what city is right for you. In this blog post, we’ll go over four pros and three cons of living in Kitchener-Waterloo.

Pro #1: Strong Economy

Kitchener-Waterloo has a very strong economy, with a low unemployment rate and a diversified employment base. The region is home to large startups like Google, Vidyard, and D2L. Google is even expanding its campus in downtown Kitchener.

Pro #2: High Quality of Life

Kitchener-Waterloo has a high quality of life in comparison to other cities in Canada and around the world. According to numbeo.com, which ranks cities based on factors like traffic, pollution, cost of living, and purchasing power, Kitchener-Waterloo ranks higher than most Canadian cities, including Toronto. Kitchener-Waterloo has high incomes with a lower cost of living compared to larger cities, and the traffic time and pollution index are both extremely low.

Pro #3: Access to Nature

Kitchener-Waterloo has great access to nature, with Victoria Park in downtown Kitchener and Huron Natural Area on the southwest end of the city. Victoria Park has a New York Central Park vibe, with a lake and plenty of trails. Huron Natural Area is over 400 acres and offers hiking, biking, and more.

Pro #4: Location

Kitchener-Waterloo is ideally located, just an hour from Toronto and with close proximity to other cities. With the HOV lanes opening up and the widening of the 401 between Milton and Toronto, traveling from Kitchener-Waterloo to Toronto’s east side is much faster than traveling from other cities like Mississauga.

Con #1: Winter Weather

Kitchener-Waterloo is still located in Canada’s winter snowy area belt, so the winter weather can be a downside for some.

Con #2: Public Transportation

While Kitchener-Waterloo does have public transportation, it’s not as extensive or as efficient as other cities in Canada, like Toronto or Vancouver.

Con #3: Nightlife

If you’re looking for a vibrant nightlife, Kitchener-Waterloo might not be the city for you. While there are bars and restaurants in the area, the nightlife scene is not as lively as other Canadian cities.

In conclusion, Kitchener-Waterloo is a great option for those looking for a strong economy, high quality of life, access to nature, and a great location. However, it’s not without its downsides, like the winter weather, public transportation, and nightlife scene. If you’re thinking about moving to Kitchener-Waterloo or have any questions about real estate in the area, fill out the form on the website and we can chat.

Watch the Full Video here:https://www.youtube.com/watch?v=M1l_PSxoUfg

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How to CONVERT a HOUSE into a DUPLEX a Step-by-Step Guide

Duplex Conversion: A Step-by-Step Guide

Investing in real estate can be a smart way to build wealth over time. One strategy that is gaining popularity among investors is converting a single-family home into a duplex. In this video, we will guide you through the duplex conversion process, from selecting the right property to completing the renovation.

Step 1: Selecting the Right Property The first step is to find the right property. You should look for a property that is zoned R2A or higher, which allows for multi-unit residential use. The property should be located in a neighborhood with a median income that is not too low, as you want to avoid low-quality tenants. The age of the property should be 1958 or newer to ensure you have a ceiling clearance of six feet five inches under bulkheads. A bungalow or raised bungalow is an ideal candidate, and you should also look for at least three parking spaces and a square footage of at least 900 square feet.

Step 2: Purchasing the Property Once you have found the right property, the next step is to purchase it. You should aim for a closing period of at least 60 days, which gives you enough time to prepare for the renovation. You should also order a pre-order inspection to determine what needs to be done before you start the renovation.

Step 3: Renovating the Property The renovation process should start with framing, followed by inspections. There are six inspections you need to go through in the following order:

  1. Framing inspection
  2. Plumbing rough-in inspection
  3. Electrical Safety Authority inspection
  4. Drywall inspection
  5. Final plumbing inspection
  6. Final inspection

You should hire contractors to handle the renovation, and you should make sure they are licensed and insured.

Step 4: Renting Out the Units Once the renovation is complete, you can start renting out the units. You should make sure the units are up to code and have all the necessary permits. You should also screen potential tenants carefully to ensure you have high-quality tenants.

A Duplex conversion is an excellent investment strategy for anyone looking to build wealth over time. By following these steps, you can successfully convert a single-family home into a duplex and boost your cash flow on any given property.

Check out the video: https://www.youtube.com/watch?v=SfbkUwAUy8s

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What's the Cost of Living in Kitchener-Waterloo for a Couple?

Kitchener-Waterloo, commonly referred to as KW, is a city located in southwestern Ontario, Canada. It is a hub for innovation and technology, and it is a desirable place to live for many young professionals, couples, and families. However, like any other city, the cost of living in KW is an important factor to consider before making a move. In this blog post, we will break down the cost of living in KW, from housing to transportation, food costs, and more.

Housing

Rent in KW can be a significant expense, and it largely depends on the location and the size of the apartment. For a one-bedroom rental in downtown KW, you can expect to pay between $1,700 and $1,800 per month. However, there are many properties available for lease in the downtown core, and it gives you a great sense of what it's like to live in KW as you have lots of amenities close by, including the LRT Line and the GO train, which goes directly to Toronto if you ever need to go there. Additionally, you will need tenant insurance whenever you lease a place, which usually costs around $30 per month. In terms of utility bills, you can budget between $100 and $150 per month, depending on the size of the unit, and you will need to budget between $60 and $100 per month for home internet.

Food Costs

Groceries and food costs are an essential part of any budget, and in KW, you can expect to spend around $700 per month for a couple. This amount includes quick meals on the go, such as burgers, fries, sandwiches, and salads, which cost around $15 per meal. If you're going out for dinner at a mid-tier or higher-tier restaurant in KW, you should budget at least $50 per person, and this does not include alcohol. In general, alcohol can be quite expensive in Canada compared to most other countries around the world, and in KW, you can expect to pay around $45 for a bottle of wine at a mid-tier or higher-tier restaurant.

Transportation

Transportation costs can vary depending on how you choose to get around. If you choose to walk, bike, or take the bus, you can expect to pay $3.50 for a single ride. However, a monthly pass can be had for $90 per month. Additionally, there is an affordable Transit program with the Grand River Transit (GRT), which we use here in KW, and it costs about half the price of the $90 monthly pass. However, you will have to qualify based on income, which I will link in the description below.

Gym Memberships

If you're looking to stay active and healthy, a gym membership is another expense to consider. The cost of gym memberships in KW can vary depending on the location and the amenities offered. On average, you can expect to pay around $50 to $80 per month for a gym membership.

Other Expenses

There are other expenses to consider when budgeting for living in KW, such as entertainment, clothing, and personal care items. For example, if you're looking to subscribe to various streaming services, such as Netflix, Hulu, or Disney+, you should budget between $10 and $50 per month. Additionally, personal care items, such as shampoo, soap, and toothpaste, can cost around $20 to $50 per month.

Conclusion

Overall, living in KW can be an excellent choice for those looking for an affordable lifestyle with many amenities and access to Toronto. However, it's essential to budget for the cost of living in KW, from housing to food costs, transportation, and other expenses.

Check out the Video: https://www.youtube.com/watch?v=GKx9M48dVSE

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Why You SHOULD Move to KITCHENER if You're STILL Living in TORONTO

Have you ever thought about leaving the hustle and bustle of the big city for a more relaxed and affordable lifestyle? If you have, then Kitchener might be the perfect place for you. In this blog post, we will explore some of the top reasons why you should consider making the move to Kitchener, Ontario.

  1. Transportation

The transportation infrastructure in Kitchener is fantastic. The Light Rail Transit (LRT) line is 19 kilometers long and has 19 stations. It operates similarly to streetcars in downtown Toronto but at a faster pace, with an average speed of 25 kilometers per hour. This means you can get around quickly and efficiently. The road infrastructure is also excellent, which means you can save a lot of time in traffic. In fact, the difference in hours lost due to traffic between Toronto and Kitchener is immense. In Toronto, it's 55 hours per year, while in Kitchener, it's only 27 hours per year.

  1. Cost of living

The cost of living in Kitchener is significantly less than in Toronto. According to several sources, it's about 20 to 26 percent less. The most significant difference is the cost of insurance. In places like Vaughan, car insurance can cost as much as $2,100 per month. In Kitchener, the average car insurance rate is $1,346, and in Waterloo, it's $1,351. This means you can save almost half the cost of insurance by moving to Kitchener. The cost of real estate is also cheaper, with housing prices about 35 percent less than in Toronto. Additionally, the transfer tax is cheaper in Kitchener than in Toronto, which means you can save even more money.

  1. Cost of Real Estate

Kitchener has a large selection of properties to choose from and is substaintially less expensive than Toronto and the surrounding areas, if we look at Mississauga, the average home in Kitchener is about 35% less than it is in Mississauga, and the difference between Kitchener and Toronto proper is even more so.

  1. Safety

Kitchener is a safe place to live. In almost every category, the crime rate is lower than in Toronto and other surrounding cities. Using Numbeo, a website for comparing different cities, you can see that the crime rate in Kitchener is far lower. Waterloo, in particular, is very safe, and you can walk around at night without any troubles, although it's always important to exercise precautions.

  1. Education and economy

Kitchener has great schools, including two universities and a college. Waterloo is the seventh-best university in Canada, making it great for engineering. Laurier is a great business school, and Conestoga College is fantastic. The local economy is also thriving, with many startups and technology companies opening their doors in recent years.

In conclusion, Kitchener is a beautiful city with a lot to offer. If you're looking for a more affordable, relaxed, and safe place to live, Kitchener might be the perfect place for you. With excellent transportation, a lower cost of living, and great schools and job opportunities, Kitchener has everything you need to make a new life for yourself. So why not make the move to Kitchener and see what all the fuss is about

Check out the Video: https://www.youtube.com/watch?v=ghXLiPkbMbM

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Waterloo Region Real Estate Market Update - January 2023

In January, the average price for a residential property in the Waterloo region increased by over $60,000 compared to December 2021. This represents a significant change, and the speaker in a YouTube video notes that the market has changed, advising viewers to stay tuned for more information.There were 297 units sold in January, a decrease of 41.9% compared to the previous year, and 176 detached homes, 61 townhouses, 43 condominium units, and 17 semi-detached homes were sold in the region. The average price for a residential property was just over $764,000, a decrease of 20.1% compared to the same time last year but an increase of 5.6% compared to December 2021. The average detached home sold for over $888,000, an increase of over $60,000 compared to December 2021.

The average price for a townhouse was just over $625,000, a decrease of 26.1% compared to the previous year but an increase of 2.2% compared to December 2021. The average price for a condominium was just under $500,000, representing a 9.3% decrease from the same time last year in December, but an increase of 6.1% compared to December 2021. The average price for a semi-detached home was just over $650,000, representing a decrease of 21.5% compared to the same time last year and an increase of 5.5% compared to December 2021.

In terms of volume, there were 579 new listings added to the MLS within the Waterloo Region last month, a decrease of 13.3% compared to January of the previous year and a 28.7% decrease compared to the five-year average. The total number of homes available for sale in the Waterloo Region at the end of January was 651, representing an increase of 167.9% but still below the 10-year average of 998 listings, which is a decrease of 34.7%. The number of months of inventory shot up last month compared to the previous year, as it was a super incredibly crazy year starting out January 2022. The speaker notes that the number of months of inventory was still at a historic low of only one month of inventory, indicating that the region is still in a crazy seller's market.

In conclusion, the housing market in the Waterloo region has seen significant changes in the past year, with a surge in prices and a decrease in sales volume. While the number of homes available for sale has increased, it is still below the 10-year average, indicating a continued seller's market. If you are looking to buy or sell real estate in the Waterloo Region, it is advisable to stay informed and work with a knowledgeable real estate agent like myself to navigate the current market conditions.

Check out the Video: https://www.youtube.com/watch?v=8a0NZop4xKI

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