Breaking Down How the Condo and Townhome Market Has Evolved In the Last 6 Months

We have experienced an incredible appreciation in sales pricing for condos and townhomes across Kitchener, Waterloo, Guelph, and Cambridge over the past six months.

We do a deep condo data dive below so you can wrap your head around what’s been happening in each of these four key local markets between August 2021 and January 2022. Find out what your condo is worth here or get in touch with our team to discuss any of your condo needs and goals.

Averages for Apartment-Style Condos and Townhomes

Other key data from the past six months:

• New monthly listings ranged from 26 to 73 for apartment-style condos while townhome condos ranged between 50 to 118.
• Monthly units sold ranged from 31 to 64 for apartment-style condos while townhome condos ranged between 66 to 107.
• The average apartment-style condo sold for 8.1% over list price in August 2021 and increased to 17.7% over list price in January 2022.
• The average townhome condo sold for 17.7% over list price in August 2021 and increased to 32.6% over list price in January 2022.

The condo resale market in Kitchener is absolutely scorching hot, and the city also has a busy year ahead with several condo developments set to launch throughout 2022 including Station Park - Towers 3 and 4, Six Sixty, Q Condos, Tek Tower Condominiums, Viva Towns, and another one that has yet to be named located at 10 Duke Street West. Here’s more information about pre-construction 2022 Kitchener condos.

To get an idea for how much your Kitchener condo or townhouse is worth, go to the Condo Culture evaluations page.

Other key data from the past six months:

• New monthly listings ranged from 22 to 54 for apartment-style condos while townhome condos ranged between 14 to 36.
• Monthly units sold ranged from 22 to 43 for apartment-style condos while townhome condos ranged between 17 to 29.
• The average apartment-style condo sold for 5.7% over list price in August 2021 and increased to 10.8% over list price in January 2022.
• The average townhome condo sold for 17.2% over list price in August 2021 and increased to 28.4% over list price in January 2022.

As you can see from the data above and much like Kitchener’s story, Waterloo’s condo resale market has experienced a ton of sales price growth over the last half-year, as well. A few brand new developments are set to start selling in 2022 in Waterloo including The Jake, Moda, and also one located at 6 Regina Street North. Here’s more information about pre-construction 2022 Waterloo condos.

Uncover the current market value of your Waterloo condo or townhouse, go here.

Other key data from the past six months:

• New monthly listings ranged from 21 to 43 for apartment-style condos while townhome condos ranged between 12 to 54.
• Monthly units sold ranged from 26 to 43 for apartment-style condos while townhome condos ranged between 13 to 41.
• The average apartment-style condo sold for 2.3% over list price in August 2021 and increased to 16.4% over list price in January 2022.
• The average townhome condo sold for 6.2% over list price in August 2021 and increased to 21.9% over list price in January 2022.

Guelph is a fantastic place to live and work and as a result, the resale market has witnessed significant growth over the past 6 months. A number of new condo developments will go on sale in 2022 including The Metalworks Tower 4, a high-rise located at 55 Baker Street, and another one featuring a mid-rise tower and stacked townhomes that have yet to be announced. Here’s more information about pre-construction 2022 Guelph condos.

Do you have a condo or townhouse that’s located in Guelph? Discover what it’s worth by visiting this page.

Other key data from the past six months:

• New monthly listings ranged from 6 to 18 for apartment-style condos while townhome condos ranged between 16 to 46.
• Monthly units sold ranged from 6 to 14 for apartment-style condos while townhome condos ranged between 20 to 45.
• The average apartment-style condo sold for 6.0% over list price in August 2021 and increased to 18.4% over list price in January 2022.
• The average townhome condo sold for 11.6% over list price in August 2021 and increased to 30.5% over list price in January 2022.

Cambridge’s condo resale market has exploded as you can see from the numbers above, and in 2022 will welcome new projects such as The Birches, a new townhome development. To learn more about The Birches and other developments around Kitchener - Waterloo, and Guelph for 2022, go here.

Your Cambridge-based condo or townhouse is growing in value each month - learn about its evolving price point by going here.

At Condo Culture, we are not only obsessed with condos but with the underlying data as well and it helps to position our clients for success right from the beginning. If you’re looking to sell, buy, lease, or invest in a condo, then reach out, and let’s discuss how we can achieve your exciting condo goals together.