Home Sales Surge in Waterloo Region

0:00It's April 7, I'm Cory with the story, and this is Vancouver News today, your AI-powered local news. Home sales in Waterloo region exploded in March, jumping 25% from the month before. The Cornerstone Association of Realtors reported 1,312 homes sold through the multiple listing service, a 34%. Percent increase month over month. That hot streak hit neighboring spots too, like Norfolk County, Hamilton Burlington, Southaman Niagara North, and Mississauga, showing buyers are back in action across the board. Federal and Ontario governments dropped big news that month, scrapping HST on most new homes, cutting development charges, and speeding up approvals. To boost supply and draw folks into new builds, Cornerstone's CEO Bill Duce praised the moves for helping buyers but called for more, like down payment aid or bigger rebates on land transfer taxes too. Pull in first timers. Those also move faster, lingering just 39 days on the market, versus 47 in February,

1:03signaling a market picking up steam as spring. Rolls in.