CMHC for Consumers	December 2007

Homebuying Step by Step — Interactive Version

Step through the Life-Cycle of your home

Waterloo Region

Housing Information

Waterloo Region has a wide range of housing types and tenures to meet the needs of various housing sizes, characteristics and income ranges. House prices in Waterloo Region are relatively affordable, lower than in Toronto and the surrounding area, but higher than some other southern Ontario communities located away from Toronto.

Waterloo Region is considered a national leader in the creation of affordable housing and the creation of safe and affordable communities is a key priority. The region also has a full range of resources to help newcomers find a rental home.

Average Rents

The average monthly rent for a two-bedroom apartment is $824. The average monthly rent for a three-bedroom apartment is $933. Compare with other cities.

Vacancy Rate and Availability

In Waterloo Region, the vacancy rate for two bedroom rental apartments is 3.4 per cent. The vacancy rate for three bedroom rental apartments is 5.3 per cent. This is the proportion of rental apartments that are vacant and ready for move-in.

The proportion of apartments that are either vacant or the present owner has given notice to move-out is 6.0 per cent for two-bedroom apartments, and 5.1 per cent for three-bedroom apartments. Compare with other cities.