Home prices in Waterloo Region took a dramatic dip in August as the number of houses changing hands also dropped, according to the Waterloo Region Association of Realtors.
Waterloo Region housing prices started to climb once again despite the jump in interest rates over the past 18 months and one local broker does not expect that to slow much.
The average cost of buying a home continued to creep up in Waterloo last month. It was $839,869 in June 2023, up 6.4 per cent year-over-year and 2.0 per cent month-over-month.