According to a new analysis, the housing market in Canada had the biggest drop in affordability in 41 years in the second quarter of 2022.
Kitchener Home Price
Across the country as a whole, Kitchener is in the top 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
When our research team crunched the numbers we calculated that Kitchener has a median home price of $364,900.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.
Across Ontario Kitchener has the 15th most properties on offer with 1145.
Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Kitchener there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
With a median listing price of $237,450, Kitchener is Canada’s 409th most expensive when ordered by median listing price.
When our research team crunched the numbers we calculated that Kitchener has a median home price of $237,450.
1 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 196 neighbourhoods that have more properties on sale than Kitchener at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Kitchener have dried up which would tend to indicate that demand is higher than the supply of new properties.
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