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Sales rise in Ontario markets

By Jamie Henry | Canadian Real Estate Wealth | May 7, 2015

Realtors in Kitchener-Waterloo and Windsor-Essex are reporting increased sales.

MLS sales in Kitchener-Waterloo were 11.4 per cent higher in April this year compared to a year earlier with 539 properties sold. That’s 7.8 per cent above the five-year average for the month.

“The spring market is definitely in full swing here in Waterloo Region,” says Mark Wolle, president of the Kitchener-Waterloo Association of Realtors

“We’re seeing sales activity that is fairly steady and consistent comparing to five-year trends, which speaks to the stability of the market here in Kitchener-Waterloo.”

The average sale price of $346,702 is a 4.6 per cent increase from a year earlier.

Meanwhile, in Windsor-Essex sales in April were up 25.7 per cent on the previous year, according to agents.

There were 582 sales at an average sale price of $199,586 with buyer sentiment boosted by a strong jobs market, including investment in the Chrysler factory in Windsor.