Kitchener, Ontario, CA222 Property Listings
- Sale
67 ELMBANK Tr
Kitchener
4+142500-3000ft²CA$1,249,900X10416549 • RE/MAX REAL ESTATE C...
- Sale
840 FAIRWAY Cres
Kitchener
32N/Aft²CA$749,900X9413206 • KELLER WILLIAMS COMP...
- Sale
18 Bosworth Cres
Kitchener
321100-1500ft²CA$709,000X10415812 • RE/MAX TWIN CITY REA...
- Sale
217 Sedgewood St
Kitchener
33N/Aft²CA$899,900X10407742 • RE/MAX TWIN CITY REA...
- SaleApartment No.PH #7Unit No. PH 7
3267 King St E
Kitchener
342250-2499ft²CA$650,000X10413190 • REAL BROKER ONTARIO ...
- Sale
6 West Oak Tr
Kitchener
33N/Aft²CA$799,000X10413629 • RE/MAX SKYWAY REALTY...
- Sale
119 Hillbrook Cres
Kitchener
3+12N/Aft²CA$729,900X10411721 • BASK REALTY INC....
- Sale
102-104 Blucher St
Kitchener
522000-2500ft²CA$599,000X9511971 • FLUX REALTY...
- Sale
230 Doon Mills Dr
Kitchener
4+14N/Aft²CA$999,900X9509955 • CENTURY 21 EMPIRE RE...
- Sale
68 Forestwalk St
Kitchener
33N/Aft²CA$759,000X9417998 • SAVE MAX SUPREME REA...
- Sale
12 Hebel Pl
Kitchener
321500-2000ft²CA$559,999X9255197 • CENTURY 21 MYPRO REA...
- Sale
51 Rossford Cres E
Kitchener
32700-1100ft²CA$700,000X10410209 • RE/MAX REAL ESTATE C...
- Sale
54 Hohner Ave
Kitchener
332000-2500ft²CA$1,094,900X10410022 • NON-PROPTX CLIENT BO...
- Sale
320 Mill St
Kitchener
311100-1500ft²CA$659,900X10409944 • RE/MAX ESCARPMENT RE...
- Sale
193 Sims Estate Dr
Kitchener
331500-2000ft²CA$749,900X10409591 • REALTY EXECUTIVES PL...
- Sale
51 Southmoor Dr
Kitchener
3+12700-1100ft²CA$699,900X10405788 • RE/MAX TWIN CITY REA...
- Sale
18 Dreger Ave
Kitchener
32N/Aft²CA$799,999X10409433 • RE/MAX REAL ESTATE C...
- Sale
220 Sunny Meadow Crt
Kitchener
4+232500-3000ft²CA$1,199,900X10409220 • HOMELIFE MAPLE LEAF ...
- Sale
97 Old Chicopee Dr
Kitchener
3+442500-3000ft²CA$1,124,900X10408411 • KELLER WILLIAMS EDGE...
- Sale
155 Massey Ave N
Kitchener
332000-2500ft²CA$789,999X10408360 • NEWGEN REALTY EXPERT...
Market Analysis
Toronto Real Estate Market Analysis for 2024
Between January 1 and July 31, 2024, average sale prices in the Toronto housing market increased by 0.5 percent year-over-year across all property types, rising from $1,110,587 in 2023 to $1,115,799 in 2024. During this same period, the number of home sales dropped by 5.4 percent, declining from 16,061 in 2023 to 15,195 in 2024. Meanwhile, the number of listings surged by 25.2 percent, growing from 31,737 in 2023 to 39,744 in 2024. Looking ahead, average sale prices are projected to decline by two percent for the remainder of 2024, while the number of sales is expected to stay steady. The Toronto housing market is currently experiencing balanced conditions in most areas, a trend that is likely to persist into the fall. While there is a good supply of resale homes, prices remain unaffordable for many buyers, particularly first-time homebuyers. Over the long term, the ongoing housing supply shortage will continue to influence the market. Key factors contributing to the housing shortage in Toronto include insufficient new construction and the high cost of building compared to current and forecasted market values. In response to these shortages, Toronto homebuyers are adapting by staying in their parental homes longer, sharing accommodations, and exploring alternative forms of home ownership to make purchasing more affordable. Renters, meanwhile, are continuing to rent instead of buying, further straining Toronto's rental market. On September 4, the Bank of Canada announced a 25-basis-point reduction in interest rates. However, this modest cut is unlikely to significantly improve affordability in Toronto, where average prices remain high. More substantial interest rate reductions will be necessary to create the affordability needed for many buyers, especially first-time homebuyers. A combination of further interest rate decreases and a downward adjustment in prices this fall and into 2025 is expected to boost sales in 2025.