Sales of homes in the Kitchener-Waterloo market reached record levels in March. There were 584 properties sold through the MLS of the Kitchener-Waterloo Association of Realtors, up 16.3 per cent year-over-year; and the highest in record since 2010.

For the first quarter, sales were up 23.9 per cent from a year earlier with 1,350 homes sold.

“The housing market has been thriving this first quarter across the Region,” says Charlotte Zawada, President of KWAR. “We’ve seen stronger than normal sales activity for the first quarter, with relatively mild weather and buyers coming out in droves, we should be in for a very busy upcoming spring market.”

The average sale price of all residential sales increased 5.8 per cent to $371,733 compared to March 2015.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: