Waterloo Region Home Sales Cool in November

“Last month, the number of homes sold followed their typical pattern of cooling to match the weather, but with consumer confidence continuing to drop, we saw sales slump to their lowest level for November in over a decade,” says Christal Moura, president of WRAR. “With many still waiting to see what happens with interest rates in the months to come, homes are taking a little longer to sell, there’s more inventory on the market, all contributing to sale prices levelling off.”

RAHB and WRAR Welcome SDREB and MREB in Pursuing Amalgamation

The Board of Directors of the REALTORS® Association of Hamilton-Burlington (RAHB), the Waterloo Region Association of REALTORS® (WRAR), the Simcoe & District Real Estate Board (SDREB), and the Mississauga Real Estate Board (MREB) are pleased to announce that SDREB and MREB have signed a letter of intent to join the amalgamation of the four organizations to bring our REALTORS® Together in the region.

Strong Listing Activity in July

In July, there were 607 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 10.4 per cent compared to the previous year and a decline of 21.6 per cent compared to the previous 5-year average for the month.

Waterloo Region Real Estate Market Shows Resilience With Increase in Home Sales and Average Prices

“The real estate market in Waterloo Region showed signs of a rebound in June, with monthly sales increasing on a year-over-year basis for the first time this year,” says Megan Bell, president of WRAR. “The total number of home sales are down nearly 25 per cent for the first half of 2023 compared to last year but have been steadily climbing since January.”