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Friday, May 04, 2018

Condo prices soar as local real estate market dips | CTV Kitchener News

Condo prices soar as local real estate market dips | CTV Kitchener News: If you’re looking to make money on real estate in the Kitchener-Waterloo area, then an apartment-style condo might be your best bet.

New data from the Kitchener-Waterloo Association of Realtors shows that condo sales volume and sale prices both rose year-over-year in April. Every other form of housing reported declines in both volume and price.

There were 185 condos sold last month in Kitchener, Waterloo, Wellesley, Wilmot and Woolwich, representing an increase of 13 per cent over April 2017. The average sale price for an apartment-style condo was $296,958, 10 per cent more than it was one year earlier.