In July 2024, the real estate market in Waterloo Region showed signs of both resilience and caution. A total of 639 homes were sold through the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone), marking a 4.6% increase from July 2023. However, this figure represents a 16.6% decrease compared to the average number of homes sold in the past decade for the...
Waterloo Region
Market Overview In May 2024, the Waterloo Region real estate market experienced a decline in home sales, with a total of 742 homes sold, marking an 8.1% decrease compared to May 2023. This drop is part of a broader trend, with sales down 20% compared to the ten-year average for May. The condo market saw the most significant decline, particularly for units with one or fewer bedrooms, due to a higher...
Buying a home is one of the most significant investments individuals make in their lifetime, and ensuring its structural integrity and safety is paramount. Home inspections play a crucial role in this process, providing buyers with valuable insights into the condition of the property. However, it's essential to understand the legal framework surrounding home inspections, including the liability of home...
Selling your home in Ontario, Canada, marks the beginning of an exciting new chapter, but it's essential to have a clear understanding of the financial obligations involved, including closing costs. These costs can vary depending on various factors. Let's explore what home sellers can expect when it comes to closing costs in Ontario. 1. Real Estate Commission: One of the most significant closing...
Are you planning to sell your home in Ontario and wondering about the tax implications? It's a common concern among homeowners, but understanding the rules can help you navigate the process confidently. Let's delve into the topic of whether home sale proceeds are taxable in Ontario. Capital Gains Tax: In Canada, including Ontario, the primary tax consideration when selling a home is the capital...
With 8 years of helping homeowners navigate the real estate market, I've seen a lot! These are the top mistakes I see sellers making. Being Too "Taste Specific" It's natural to want your home to reflect your unique style, but remember, potential buyers have diverse tastes.Avoid being overly specific to your own design preferences when staging your home. Keeping it neutral allows buyers to envision...
WATERLOO REGION, ON (April 4, 2024) — Despite facing some challenges, the real estate market in Waterloo Region remains robust and full of potential. In March, a total of 596 homes found new owners through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). While this reflects a slight decrease of 3.2% compared to the same period last year and a...