Kitchener Waterloo Market Snapshot March 2026
“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
“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
Waterloo Region Area Highlights:
- Waterloo Region home sales increased 25.5% month-over-month.
- The number of newly listed properties decreased 1.6% on a month-over-month basis.
- In Kitchener-Waterloo, the MLS® Home Price Index (HPI) did not change month-over-month and declined 9.3% on a year-over-year basis. In Cambridge, the HPI increased 1.0% month-over-month and was down 8.2% on a year-over-year basis.
- 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.
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