Sustainable housing and real estate in Kitchener-Waterloo Region

Is it a good time to buy/sell?

Despite the current economic conditions, the Kitchener-Waterloo market is still fairly healthy. Last month’s sales volume was the fifth highest ever recorded for an  April in the region, with overall property values still remaining high. The Average sales price for a residential properties has dropped by about 1.8% since last year’s record breaking year, but when put into perspective, this year’s average sale price is still up 4.2% since 2007, and has increased more than 42% since 1999. Values remain relatively high overall. The average sale price for single family detached home is currently sitting at about $289,838 and the average sale price for a semi-detached property is $196,429. Freehold townhouse units are sitting at $241,298 and condominium unit’s average sale price is about $161,138.

There were 632 homes sold in the K-W in April, a 27.4% increase from March of this year. Almost 10% of these sales were new home sales, with the other 90% in resale homes. The majority of buyers were purchasing properties priced between $225,000 and $249,999. Some highlights this month were seen in the number of units sold in the $400,000 to $500,000 price range, which increased by a significant 31.6% since this time last year, and the average sale price for freehold townhouses jumping by over 16.7% since March as new homebuyers are taking advantage of historically low interest rates. Most lenders in Canada have slashed their 5 year interest rates to below 3.95% for qualified clients, meaning the costs of carrying a mortgage have dropped significantly.

West Kitchener had the most sales in April with 231 residential sales. East Kitchener had 73 sales, West Waterloo had 110 sales and East Waterloo had 78 sales. Cambridge sales are up significantly from this time last year (by more than 50%), with the majority of sales happening in Hespeler. There is a great stock for buyers to choose from, with more than 861 new listings processed last month, and over 2,000 residential properties on the market.

A properly marketed and prepared home will sell in this market and receive a competitive price. Buyers currently have lots of options on the market, and great interest rates for their mortgages that are only probably going to climb higher and higher in the upcoming months. Now is a definitely a great time to buy or sell!

Sustainable Contacts in K-W
May 8, 2009, 9:06 pm
Filed under: Rebecca Sargent, Sustainability | Tags: , , , ,

Did you know that the K-W region is home to many advanced renewable energy technology firms, sustainable buildings and businesses? In fact, we are one of the country’s leading regions for these types of technologies.  When I first started researching sustainable technologies, I was incredibly surprised to learn this. I really had no idea. So I thought I would share with you the sustainable technologies/builders/businesses/etc. in our region that are doing sustainable technology research, information distribution, installations, services and sales.  This list is only a handful… there are many others, which I will try to add to along the way. If you see any services or suppliers missing, please let me know and I will add them!

Prometheus Energy- distributor of renewable and solar energy supplies

321 Shoemaker Street
Kitchener , Ontario
N2E 3B3

Rapid-Eau Technologies Inc.- small hydro power installation and upgrades

1220 Shouldice Side Road
R.R. #4

Cambridge , Ontario
N1R 5S5

Advanced Design & Drafting (AYR) Inc.- Engineering and drafting support for solar and wind energy

24-140 McGovern Drive
Cambridge, Ontario
N3H 4R7

Alternative Energy Resources-Solar Panels, WindMills, Water Pumps, Power Inverters, and more.

138 Bakersfield Dr.
Cambridge, Ontario
N1R 6X7

Natural Power Products-sells solar power and wind turbine products

500 Trillium Drive
Suite 18

Kitchener, Ontario
N2R 1E5

Batteries Expert Waterloo / RET Power- Solar and wind battery and charging systems

105 Lexington Rd.
Unit #11

Waterloo, Ontario
N2J 4R7

Free Breeze Energy Systems- Renewable energy products

100 Frobisher Dr. Unit #11
Waterloo, Ontario
N2V 2A1
(519) 885-9021
(519) 885-1588

Merlyn Enterprises Inc- Solar Thermal systems

80 Krug St
Kitchener , Ontario
N2H 2X7

ARISE Technologies Corporation- complete solar and wind solutions

65 Northland Road
Waterloo, Ontario
N2V 1Y8
(519) 725-2244
(519) 725-8907

RenewABILITY Energy Inc.- Cost-effective energy solutions

60 Baffin Place
Unit 2

Waterloo, Ontario
N2V 1Z7

Spheral Solar Power, Inc.- Photovoltaic solar cells

250 Royal Oak Road,
Cambridge, Ontario
N3H 5M2

MTE Consultants- Environmental engineering service520 Bingemans Centre Drive

Kitchener, Ontario N2B 3X9
Phone: (519) 743-6500
Facsimile: (519) 743-6513

Viessmann Manufacturing Company Inc.- Solar water heaters

750 McMurray Road
Waterloo, Ontario
N2V 2G5

BRC Mechanical Inc. – geothermal and heat recovery systems
79 Woolwich St. South, Unit 2
Breslau, Ontario
Tel: 519.648.2222

AET Group- Environmental Consulting

133 Weber Street North
Suite #3-504
Waterloo, Ontario

Canada N2J 3G9

Telephone: (519) 576-9723
Fax: (519) 570-9589


The North House
in Hespeler (Cambridge)
Community Renewable Energy Waterloo– resources

Sustainable Waterloo– Not for profit

Residential Energy Efficiency Project Waterloo– Not for profit

Cambridge City Hall Going Green
EMS Services Cambridge Going Green
Green Roofs Over Waterloo– promoting sustainable technologies

Sustainable Technology Education Project– Education and resources