KITCHENER-WATERLOO, ON (October 5, 2018) ––REALTORS® sold 448 homes through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in September, a decrease of 4.7 per cent compared to September of last year.
On a year-to-date basis 4,558 residential units have sold compared to 5,345 during the same period in 2017, a decrease of 14.7 per cent.
“The stress-test that came into force on all new mortgages at the beginning of the year has taken some of the steam out of home sales activity,” said KWAR President Tony Schmidt. “Meanwhile home prices continue to rise as inventory levels remain rather low.”