House prices up again

The 402 residential homes sold last month through the MLS system of the Kitchener-Waterloo Association of Realtors set a new record high for January. On a year-overyear basis January’s sales were up 12.3%. In January, the average price of a detached home was $1,152,707, a 35.5% increase from January 2021 and an increase of 12.9% compared to December.