Happy Summer: Kitchener Ribfest - 3 Road Trip Worthy Farm Gates to Check Out

Greetings!

I hope you're having a wonderful summer! If you're looking for something to do this weekend, the Kitchener Ribfest is happening at Victoria Park. For the rest of the summer, you'll find some different farms to visit.

In terms of the market, the numbers are out for June sales, and the news is mixed. Sales in Waterloo Region were up by 4.6% compared to June 2022, which is good news, though that's below the 5 year average. The average sales price was up by 6.4% compared to last year.

The good news is that the market is incredibly resilient, and despite higher interest rates, buyers are still entering the market.

If you know someone who's interested in making a move, please forward this email to them!

Paul Nicholson

Peak Realty Ltd., Brokerage

Direct Line: (519) 748-2378

This Kitchener Woman Has Been Sketching a Bird a Day All Year and Her Work is Taking Off

Meredith Blunt of Kitchener, Ont., has been drawing a bird every day this year, to focus more on her creativity and mental health. Her drawings have become so popular online that she's now also taking commissions and feels it could become a future career.

Click here for the article

Three Farm Gates to Add to Your Waterloo Region Road Trip

Explore the highways and byways of the Region and discover a bounty of hidden treasures. As you drive, you'll see no-nonsense hand-painted signs: farm-fresh eggs, maple syrup, asparagus, fresh flowers, corn and just about anything else you could want. Here are three farm gate locations to add to your Summer Road Trip itinerary.

Click here for the list

Kitchener Ribfest & Craft Beer Show:

July 14 - 16

Celebrate the BEST summer has to offer! Enjoy mouth-watering barbequed ribs and chicken, an incredible selection of Ontario craft-brewed beer, plus live entertainment and a Kids Fun Zone. Bring your friends, family and co-workers and savour the flavour.

Click here for complete details

Bank of Canada Raises Key Interest Rate to 5%

The Bank of Canada raised its benchmark interest rate by 25 basis points, marking the first time since April 2001 that the figure hit five per cent. Following the announcement, experts diverged on whether Canadians could expect another increase after the summer.

Click here for the article

Market News

In June, there were 780 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 4.6 per cent compared to the previous year and a decline of 12.3 per cent compared to the previous 5-year average for the month.

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