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Variable Rates

As low as

1.35%

Fixed Rates

As low as

1.59%

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Current lowest posted bank rate

1.94%

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Kitchener-Waterloo housing.

Like many other cities in Ontario, the direction of home prices in Kitchener-Waterloo has generally been ‘up’ for the past several years. Tighter mortgage lending rules enacted in 2012 cooled the Kitchener-Waterloo market for a short period, but didn’t have any long-lasting effects on sales activity or prices.

5-year fixed vs. 5-year variable rates in Kitchener-Waterloo

5-year fixed vs. 5-year variable mortgage rates in Ontario

MonthFixedVariable
04/20 2.32%2.71%
05/20 2.07%2.37%
06/20 2.03%2.25%
07/20 1.82%2.03%
08/20 1.78%1.91%
09/20 1.74%1.84%
10/20 1.77%1.84%
11/20 1.74%1.77%
12/20 1.68%1.73%

Last Updated: January 1, 2021

Home Prices in Kitchener-Waterloo, Single-Detached

Home Prices in Kitchener-Waterloo, Single-Detached

DatePrice
Q1/20$656,320
Q2/20$666,626
Q3/20$725,674

Last Updated: October 9th, 2020

Source: Zolo, Realtor.ca and CREA

About Kitchener-Waterloo.

Kitchener and Waterloo are two cities in the Regional Municipality of Waterloo and along with Cambridge, they comprise the 'tri-cities'. The region offers a unique 'high-tech-cultural-culinary' experience enriched by artists and post-secondary institutions.

The University of Waterloo and Wilfrid Laurier University bring an influx of students into the region throughout the year. Kitchener-Waterloo is a well-known Canadian tech hub with companies like Blackberry, OpenText, and Kik Interactive calling the area home.

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