City Commercial CoreHousing market

City Commercial Core

City Commercial Core Housing Market Report

Strong Buyer's Market

All types - for the month of March

Buyer's market Seller's market

26

Months of inventory (MOI)*

MOI in real estate tells you how long it would take to sell all the current homes on the market at the current sales pace if no new homes were listed. Typically, a MOI of 5+ months indicates a buyer’s market, where homes are selling slowly and there are more homes than available buyers.

47

Days on market (DOM)*

DOM refers to Average Days on Market, which represents how long on average listings remain on the market before selling. DOM excludes listings that are pulled from the market without selling. A low DOM means it sold quickly, while a high DOM could mean it's overpriced or less in demand.

Total Active Listings*

128 active

New

56(+27.27% YoY)

Relisted

2(+100.00% YoY)

Compared to number of active, same period, in 2024: 45, in 2023: 32, in 2022: 8

Total Sold Listings*

5 sold

Median Sold Price

$380,000

Avg Days on Market

47 days

Median Bidding

-$14,000

Compared to number of sold, same period, in 2024: 12, in 2023: 11, in 2022: 28

*Data is for the month of March

Median Sold Price vs Average Days and Average Total Days on Market - City Commercial Core - All types

Sold vs Active vs New vs Relisted - City Commercial Core - All types

Sold Price Distribution - City Commercial Core - All types

Sold price distribution per the last 3 months's sold listings.

Property Type Distribution - City Commercial Core - All types

Property type distribution based on data from the last 3 months.

Median Price - City Commercial Core - All types

Just listed - City Commercial Core

Indoor foyer for 60 Frederick St #1302, Kitchener Ontario N2H 0C7

1 hour on market

Up to5K Cashback

60 Frederick St #1302, Kitchener

Condo22700-799 sq ft

Listed by IPRO REALTY LTD.

A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, city buildings view from balcony for 104 Garment St #1209, Kitchener Ontario N2G 0C8

4 hours on market

Up to3K Cashback

104 Garment St #1209, Kitchener

Condo221000-1199 sq ft

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Open concept kitchen, unknown for 108 GARMENT St #1111, Kitchener Ontario N2G 2B3

7 hours on market

Up to2K Cashback

108 GARMENT St #1111, Kitchener

Condo11600-699 sq ft

Listed by RE/MAX TWIN CITY REALTY INC.

Just sold - City Commercial Core

Unknown for 1 Victoria St #1413, Kitchener Ontario N2G 0B5

Sold 8 days ago

Sold for $440,000

$10K below asking

1 Victoria St #1413, Kitchener

Condo21781.46 sq ft

Listed by RE/MAX TWIN CITY REALTY INC., BROKERAGE

Unknown for 108 Garment St #508, Kitchener Ontario N2G 0E2

Sold 8 days ago

Sold for $585,000

$36K above asking

108 Garment St #508, Kitchener

Condo22900-999 sq ft

Listed by RE/MAX METROPOLIS REALTY

Living room with furniture, unknown for 410 King St #220, Kitchener Ontario N2G 1C3

Sold 20 days ago

Sold for $340,000

$30K below asking

410 King St #220, Kitchener

Condo21872 sq ft

Listed by Royal LePage Wolle Realty

Population and Demographics

Overview

Total population 3740

Average household income $102,858

Age (%)

20 to 34

32%

35 to 49

20%

65 and plus

18%

50 to 64

17%

0 to 19

13%

Household composition (%)

Single person

52%

Single family

41%

Multi person

7%

Multi family

0%

Mother tongue (%)

English

83%

Others

3%

Arabic

3%

German

2%

Spanish

2%

Portuguese

1%

Mandarin

1%

French

1%

House tenancy (%)

Renters

72%

Owners

28%

Transportation

Car Friendly

4/5

Arteries nearby, but traffic congestion and parking problems are possible

Pedestrian Friendly

5/5

All day-to-day needs are within walking distance

Transit Friendly

4/5

Transit is available for most trips

Shopping, Food and Nightlife

Cafes

3/5

Some cafés within walking distance

Groceries

5/5

At least one grocery store within a few minutes' walk

Nightlife

2/5

Some bars within walking distance

Shopping

3/5

Variety of shops within walking distance

Restaurants

3/5

Variety of restaurants within walking distance