Kitchener Waterloo Market Snapshot May 2026
Tuesday, June 9th, 2026“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
“Waterloo Region is showing encouraging signs of spring vitality, with sales up 14.0 per cent and new listings surging nearly 28.0 per cent month-over-month. The HPI increased by 0.1 per cent and 1.5 per cent month-over-month in Kitchener-Waterloo and Cambridge, respectively. Inventory levels across the region indicate a 3.6-month supply, which is consistent with the same time last year. However, this supply is higher than the historical average. Each area within Waterloo Region performed differently in April, highlighting the importance of partnering with a local REALTOR® who understands the distinct dynamics across the region.” – Bill Duce, Cornerstone CEO
- Waterloo Region home sales increased 14.0% month-over-month.
- The number of newly listed properties increased by 27.8% on a month-over-month basis.
- In Kitchener-Waterloo, the MLS® Home Price Index (HPI) increased by 0.1% month-over-month and declined 6.7% on a year-over-year basis. In Cambridge, the HPI increased by 1.5% month-over-month and was down 5.4% on a year-over-year basis.
- 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
