Stable Housing Market Forecast for Waterloo Region in 2015

The Record put out a summary of the 2014 housing market and a look at the forecast for the 2015 housing market in the Waterloo Region. We’re on track to remain in the “Goldilocks Zone,” with strong investment and growth continuing, but not so fast or so much that we create a housing bubble.

From the article in The Record:

“Most of the discussions of a housing bubble are in the larger cities that have maybe more of a speculative market,” Mark Wolle, president of the Kitchener Waterloo Association of Realtors, said. “Where you might have housing bubble is where there have been huge swings in the pricing.”

He also says prices in this region are reinforced by a diverse economy, with the universities and colleges bringing in skilled workers who tend to stay and buy houses.

Wolle said the light rail transit line is also bringing a lot of investment into the region, and that translates into construction activity, jobs and stability. Investors wouldn’t be putting the money into the region if they didn’t see the potential, he added.

That is coupled with the progress of the technology sector, with Google moving into the Breithaupt Block building and other technology companies also growing, he said.

“It’s exciting to be in a region that has such great potential,” Wolle said. “There is such diversity in the economy.”

Read the full article on The Record’s website.

Shaping Waterloo Region's Urban Horizon

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