KWREB: TEMPERATURES HOT, HOMES SALES...NOT SO MUCH
“While the hot summer we’ve been experiencing has reportedly been great for beer sales, it hasn’t quite had the same effect on home sales,” joked Ted Scharf, President of the KWREB. “The good news is that while sales may have decreased, in July the average price rose one percent to $284,344 compared to the same month a year ago, which clearly illustrates the value of Waterloo region homes is stable, and in no way inflated.”