Waterloo Sees Vibrant Development

The Region of Waterloo has purchased land at the north-east corner of King and Victoria streets for a transit hub, extending north to the rail line and east to Duke Street. The future transit hub will connect several types of transportation including ION light rail transit, Grand River Transit, expanded GO lines and VIA Rail, along with pedestrians and cyclists. Travellers will be able to make smooth, accessible and convenient connections at the new transit hub, with a goal of bringing people and businesses to Waterloo Region, connecting them to the Toronto-Waterloo Innovation Corridor. The combination of the uses with a mixed-use development is expected to create opportunities for public art, retail shops, offices and residences, all of which contribute to a vibrant downtown Kitchener and a successful ION corridor.  

Sales remain above the 5-year average for the region. Despite having dropped slightly compared to last month, demand remains strong in Waterloo. The median home price currently sits at $435,000, up over $30,000 from the same time last year, while the number of homes sold dipped to 410 this month. There are currently 738 active listings, a slight increase, with the average number of days on market pegged at 15 days.