Taking a peek at the year ahead, here's a snapshot of the Kitchener-Waterloo Housing Market Outlook for 2025 compliments of RE/MAX Canada.

"First-time buyers are expected to drive market activity in 2025, with townhouses seeing the most sales activity in the region.

First-time homebuyers are typically purchasing detached homes in the $600,000 – $700,000 price range. Move-up buyers are also in the market for detached homes, though at a higher price point of $800,000 – $950,000. Meanwhile, retirees are buying condominiums and apartments, ranging between $600,000 – $700,000. 

Developers are primarily focusing new construction projects on small detached single-family homes, stacked townhouses and traditional townhomes. 

Heading into 2025, home sellers are feeling hopeful as interest rates and inflation continue to decline rapidly, bringing more buyers back into the market. There is a potential for a local real estate market similar to 2021, with a robust spring season and a steady increase in home prices as interest rates stabilize.  

For first-time homebuyers, the 30-year amortizations and lower interest rates will make it easier to enter the housing market and purchase a home in Kitchener-Waterloo." 

If you'd like to kickstart the New Year by buying or selling real estate in the Waterloo Region, we're poised to assist you! Shout out to any of our team members – by phone or text:

Kitchener-Waterloo Real Estate Blog Post: January 1, 2025

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