A brief update on Waterloo Real Estate. Waterloo Real Estate Market Trends for this third quarter of 2016 is favorable and promising. Many area real estate agents will agree that the real estate market in Waterloo Region is busy and is changing at a rapid pace. In the last five years, the Waterloo Real Estate Market faced many changes and rising prices. The price increase is reaching critical levels across Canada and Waterloo Region is not any different. The good news in Waterloo Real Estate Market is new businesses and companies are coming into the region and bringing new jobs.
The Canadian Government and the Bank of Canada applied certain measures to calm the real estate market such as amortization changes and increasing the down payment. These measures made the prices of residential properties stable briefly. Since the summer of 2015 the prices of the properties in the Waterloo Real Estate Market and Canada in general have been raising and there is little slow down in sight.
The Waterloo Real Estate Market has new development sites popping up and there has been new plans for construction in the Waterloo Region. New developments such as Waterloo Costco, revitalization of King Street from Kitchener Downtown Core of Waterloo North, Google Canadian Head Office and New Condo Developments.
Stay tuned for more Waterloo Real Estate News and Updates. We keep track of what’s happening in the Real Estate Market locally in Waterloo Region and how it directly or indirectly impacts you.
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