“Buyers and sellers in Waterloo Region continued to take a cautious approach in September, with sales down 18.9% year-over-year and new listings falling 16.7% over the same period,” said Bill Duce, CEO of Cornerstone. “Even with less activity, Waterloo Region had the tightest supply at 3.8 months, suggesting the market remains relatively balanced, with modest price declines despite the slowdown. Buyers and sellers will benefit from a local REALTOR® on their side who can speak to activity and trends in their local neighbourhood.”

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Waterloo Region Area Highlights:

• Waterloo Region home sales decreased 14.2% month-over-month.
• The number of newly listed properties increased by 38.4% on a month-over-month basis.
• In Kitchener-Waterloo, the MLS® Home Price Index (HPI) was $630,200 in September 2026, up 0.3% month-over-month and down 5.6% year-over-year. In Cambridge, the HPI was $662,700, down 0.6% month-over-month and down 4.1% year-over-year.
• The supply of inventory across the market decreased by 12.8% on a year-over-year basis, and there was a 3.8-month supply of all property types by the end of September, which was 5.0% lower than in September 2025.

“Buyers and sellers in Waterloo Region continued to take a cautious approach in September, with sales down 18.9% year-over-year and new listings falling 16.7% over the same period,” said Bill Duce, CEO of Cornerstone. “Even with less activity, Waterloo Region had the tightest supply at 3.8 months, suggesting the market remains relatively balanced, with modest price declines despite the slowdown. Buyers and sellers will benefit from a local REALTOR® on their side who can speak to activity and trends in their local neighbourhood.”

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it would be highly beneficial for you to connect with one of our Team Agents at

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Waterloo Region Area Highlights:

• Waterloo Region home sales decreased 14.2% month-over-month.
• The number of newly listed properties increased by 38.4% on a month-over-month basis.
• In Kitchener-Waterloo, the MLS® Home Price Index (HPI) was $630,200 in September 2026, up 0.3% month-over-month and down 5.6% year-over-year. In Cambridge, the HPI was $662,700, down 0.6% month-over-month and down 4.1% year-over-year.
• The supply of inventory across the market decreased by 12.8% on a year-over-year basis, and there was a 3.8-month supply of all property types by the end of September, which was 5.0% lower than in September 2025.

“Waterloo Region’s market continued to reflect the broader trend of cautious buyer activity, with sales down 10.9% year-over-year and new listings falling 14.8% over the same period,” said Bill Duce, CEO of Cornerstone. “While the pullback in both sales and listings may seem concerning on the surface, Waterloo Region remains the tightest market across our coverage area, yet buyers still have more selection than in previous years. It’s also worth noting the differences between communities, with the Kitchener-Waterloo benchmark price down 6.0% year-over-year to $628,300, while Cambridge showed more resilience, with a modest 4.2% decline to $666,400 and a slight uptick month-over-month. These differences are a good reminder that Waterloo Region is not a single market, and connecting with a local REALTOR^® who knows your community and neighbourhood is the best way to navigate what this market means for you specifically.”

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Waterloo Region Area Highlights:

• Waterloo Region home sales decreased 18.9% month-over-month.
• The number of newly listed properties decreased by 24.5% on a month-over-month basis.
• In Kitchener-Waterloo, the MLS^® Home Price Index (HPI) was $628,300 in August 2026, a decrease of 0.8% month-over-month and a 6.0 % decline on a year-over-year basis. In Cambridge, the HPI was $666,400, a 0.7% increase month-over-month and a decline of 4.2% on a year-over-year basis.
• The supply of inventory across the market decreased by 10.3% on a year-over-year basis, and there was a 3.5-month supply of all property types by the end of August, which was 2.8% lower than in August 2025.

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Waterloo Region July 2026 Statistics

• The supply of inventory across the market decreased by 9.4% on a year-over-year basis, and there was a 3.9-month supply of all property types by the end of July, which was 4.9% lower than in July 2025.

Waterloo Region Housing Statistics

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“While sales activity in Waterloo Region picked up in June compared with the previous month, year-over-year figures show a 2.9 per cent dip, marking the slowest June on record, just nine sales short of June 2024. Both Kitchener and Waterloo posted double-digit declines; meanwhile, Cambridge boasted a 15.2 per cent increase in sales year-over-year,” said Bill Duce, CEO of Cornerstone. “The number of new listings added to the market remains lower than last year, reducing months of supply in all areas except Kitchener. Waterloo Region continues to have the tightest market conditions compared with our other regions, highlighting why using a local REALTOR® is beneficial for both buyers and sellers as they navigate the local market.”

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Waterloo Region June 2026 Statistics

“Waterloo Region is navigating one of its slowest Mays for sales in the past 15 years, yet the steady month-over-month progress since the start of the year is encouraging. A 9.8 per cent increase in sales from April, combined with a modest uptick in new listings, speaks to a market that is gradually finding its footing,” says Bill Duce, CEO of Cornerstone.

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Waterloo Region May Statistics

• The supply of inventory across the market decreased 5.0% on a year-over-year basis, resulting in a 3.6-month supply of all property types by the end of April, which was similar to levels reported in April 2025.

Waterloo Region Housing Statistics

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“The real estate market has gained positive momentum this spring, with steady month-over-month growth in sales and new listing activity since the start of the year, although at a more moderate pace than the same period in 2025,” said Bill Duce, CEO of Cornerstone. “It is encouraging that we are still early in the spring market. These April numbers are just the beginning, and May and June are typically among the strongest months of the year. The Bank of Canada’s decision last week to hold the policy rate was a welcome signal of stability, giving both buyers and sellers greater confidence to move forward with their real estate goals. For those who have been waiting on the sidelines, now is a great time to re-engage with the market.”

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Waterloo Region April Statistics

“Sales activity in March continued to rebound month-over-month but dipped slightly on a year-over-year basis. The month of March also saw important announcements from the Federal and Ontario governments to remove the HST from most new homes, reduce development charges, and simplify the approvals process. These measures should encourage buyers to consider the new home market and support long-term supply,” says Bill Duce, CEO of Cornerstone. “Removing these fees will help more buyers enter the market, but further solutions, such as a down payment assistance program or increasing the provincial land transfer tax rebate, are needed to get more first-time buyers into the market.”

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Waterloo Region February Statistics

• The supply of inventory across the market decreased 8.0% on a year-over-year basis, resulting in a 2.6-month supply of all property types by the end of February, which was the same level compared to February 2025.

Waterloo Region Housing Statistics

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“Waterloo Region is showing resilience with a significant monthly increase in sales, potentially renewing seller confidence. The stable prices from January to February in Kitchener-Waterloo and a slight uptick in Cambridge HPI could signal the bottoming out of price declines we’ve seen over the past year and reflect a market adapting and finding its footing despite broader economic pressure.” – Bill Duce, Cornerstone CEO

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• The supply of inventory across the market decreased 8.0% on a year-over-year basis, resulting in a 2.6-month supply of all property types by the end of February, which was the same level compared to February 2025.

Waterloo Region Housing Statistics

Analyze the thriving Waterloo Region real estate market, home to leading tech companies, prestigious universities, and diverse communities. Our comprehensive statistics track this dynamic market across cities, townships, and property types. click on the Cornerstone Image to access full report

Waterloo Region Housing Market Start in 2026

“Despite the monthly decrease in sales volume, Waterloo Region is showing encouraging signs with modest monthly price growth in both Kitchener-Waterloo and Cambridge. The doubling of new listings from December to January demonstrates renewed seller confidence, especially considering January’s challenging weather conditions that included significant snowstorms and periods of extreme cold that prompted weather warnings across the region.” – Bill Duce, Cornerstone CEO

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