May 5, 2010: The sale of residential homes set a new record for April, surpassing the previous level set in 2007. Residential property sales through the Multiple Listing System (MLS®) of the Kitchener the previous record set in 2007 of 711.
The 724 homes sold in April represent an increase of 12.6 percent relative to April 2009 results. In March there were 738 sales.
“April was a continuation of the spring surge which began a little earlier than usual this year with a record breaking March, ” said, Ted Scharf, President of the Kitchener “Buyers and sellers had an added sense of urgency this spring with the impending HST implementation and threat of rising interest rates.”