There are a variety of property types to choose from when looking for real estate in Waterloo. There are 284 houses, 13 townhouses, and 192 condos for sale. For past listings, search our Waterloo sold and expired listings. The average listing price in Waterloo for all home types is $647,447, which is 20% higher than April 2017. The average list price differs significantly when broken down by home type. The average listing price of a house is $771,320, $340,091 for a townhouse, and $445,171 for a condo. There are many popular cities surrounding Waterloo, including Kitchener, Cambridge, Guelph, Brantford, Milton, Burlington, Norfolk County that offer a variety of home prices and unique areas to live. Waterloo also has many options for renters with 485 active rental listings and an average lease price of $2,213.
Waterloo is home to 20 unique neighbourhoods. Popular neighbourhoods include Columbia District, with 177 active real estate listings, Central District, with 68 active real estate listings, and Columbia Hills District, with 59 active real estate listings.
Residents of the City of Waterloo are expected to pay property taxes on all residences that they own. Property taxes can usually be found on each active Zoocasa listing, or can be looked up here. As of 2017, the estimated property tax residents can expect to pay is 1.130%.
There is currently no municipal land transfer tax in effect in Waterloo but the provincial land transfer tax still applies to all property purchases
See below for provincial land transfer tax rates.
|Ontario Land Transfer Tax Rates|
|$0 - $55,000||0.5%|
|$55,000.01 - $250,000||1.0%|
|$250,000.01 - $400,000||1.5%|
|$400,000.01 - $2,000,000||2.0%|
Waterloo Land Transfer Example:
Purchase price = $300,000
|Purchase Price||Subtract Tax Brackets||Rate||Non 1st Time Buyer Tax Payable||1st Time Buyer Tax Payable|
|$0 - $55,000||$55,000||0.5%||$275||$0|
|$55,000 - $250,000||$195,000||1.0%||$1,950||$0|
|$250,000 - $400,000||$150,000||1.5%||$2,250||$475|
|$400,000 - $600,000||$200,000||2.0%||$4,000||$4,000|
|Non 1st Time Buyer||1st Time Buyer|
Waterloo is the smallest of the tri-cities of Cambridge-Waterloo-Kitchener that make up the Regional Municipality of Waterloo. While there has been serval failed attempts to combine the cities of Waterloo and Kitchener, many still refer to the two municipalities jointly as “Kitchener-Waterloo”.
The city is home to Waterloo University, one of the country’s top universities for engineering and computer science. Waterloo’s economy is support by the high-tech sector with the city’s largest employer being BlackBerry and Sun Life Financial. The city is part of Canada’s Technology Triangle, a join economic development initiative between Waterloo, Kitchener, and Cambridge.
As of the Canada 2016 Census, there are 233,222 people living in the city of Waterloo. This represents a 6.4% growth from the 2011 Census population of 219,153, dramatically higher than both Ontario’s overall growth rate of 4.6% and Canada’s growth rate of 5.0%. Quite a large portion of Waterloo’s residents are of various Asian backgrounds with Chinese being the predominant group (6.8%). This is followed by Indian (3.8%), and Korean (0.9%).
The Waterloo Region District School Board governs 104 elementary schools and 16 secondary schools across the city with 64,643 students.
|Elementary School Name||Fraser Rating (out of 10.0)|
|Secondary School Name||Fraser Rating (out of 10.0)|
|Sir John A Macdonald||7.4|
The major shopping centre in Waterloo is Conestoga Mall which is located at 550 King Street North. The mall is home to over 130 stores and services. Anchor tenants include Hudson’s Bay, Galaxy Cinemas, Winners, and Sport Chek.
There are currently no professional sports team that belong to Waterloo. Most residents in the city visit Toronto for professional sports.
There are currently no regulations in place for short-term rental platforms like Airbnb in the city of Waterloo.