KITCHENER-WATERLOO HOME SALES STRONG

"KITCHENER

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WATERLOO, ON (February 3, 2010) – Sales of residential properties through the MLS®

System of the Kitchener

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Waterloo Real Estate Board (KWREB) last month represented the best January

ever, nudging by the previous record set in 2006. It was also the fifth month in a row that home sales in

the region reached a monthly high.

Home sales activity reached 416 residential sales last month, a jump of nearly 64 percent compared to

January 2009. Relative to December 2009, sales saw a 16.5 percent gain last month.

The total dollar volume of residential properties purchased last month also increased exponentially from

January 2009 to $115,991,276, up 84 percent, resulting in higher average sale prices.

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