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Shaw H.
8 Years of Experience
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Adam S.
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Brenda M.
19 Years of Experience
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Hamid A.
18 Years of Experience
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Alex P.
14 Years of Experience
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Neesh B.
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Angie T.
27 Years of Experience
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Brent P.
13 Years of Experience
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Larissa S.
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Bill S.
12 Years of Experience
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Amanda B.
13 Years of Experience
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Kitchener, Waterloo, and Cambridge form the Regional Municipality of Waterloo (also known as the KWC or Tri-Cities). Their total population is over 500,000 and are Ontario’s fourth most populated metropolitan area. The Kitchener-Waterloo Association of Realtors (KWAR) was formed in 1937 and represents over 1,500 local agents.

The total number of residential homes sold in the calendar year 2019 amounted to 5,925 as reported through KWAR's MLS® System. Total leases registered on MLS® were 733. Based on KWAR’s housing report, the average selling price for residential properties hovered just over $520,000: $614,743 for detached properties, $439,844 for semi-detached properties, $409,979 for townhouses, and $332,409 for condominiums or apartments. Compared to 2018, the prices for residential properties of each type grew about 10%. Average Days to Sell was 23 days. Currently, new downtown high-rises in development continue to transform the real estate market, particularly in Kitchener where 3,000 new residential units are being built.

Commercial properties in the Kitchener-Waterloo-Cambridge region have seen low availability rates and accelerated rent growth along with a plethora of new constructions in development including several projects being built in Kitchener’s Innovation District. As the supply of developable land in the Greater Toronto Area (GTA) shrinks, the Waterloo Region has become an attractive market for developers and investors. Offices in the region saw a decrease in vacancy rate from 10.3% in 2019 to 9.5% in 2020. New investments in commercial properties totaled to $1,988 million, an 18% increase from $1,687 million in 2018. A number of factors including movement of new people to the region, low interest rates, low unemployment, job growth, an increasing student population, and improvements in the downtown areas are all possible reasons for the continued growth in the region’s commercial properties market.

Combined real estate commissions in Kitchener-Waterloo are on average 3.5% to 5% of the total selling price. Real estate commissions are split between the buyer’s and seller’s agents. Higher commissions are possible, but the standard rate is 5%.

With a wide range of choices on the market, we understand that buying or selling a property can be overwhelming. Choosing the right agent is one of the most important decisions you will make and that is why we are here to help. We have some of the best agents in the Kitchener-Waterloo region to make your decision easy and convenient—contact any of them straight through the website and secure your own real estate journey today.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.