The demand for higher priced homes has pushed the average sale price in Kitchener Waterloo up 11.2% to $338,209. Homes sales over $400,000 increased 50.7%. May saw a 25.5% increase in total residential sales on a year to date basis.
2010 is expected to be a record breaking year, in spite of interest rate increases and the HST coming into effect July 1st.
Demand for higher priced homes pushing up averages
Posted by
NielsenHill
Tuesday, June 8, 2010
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