Kitchener-Waterloo-Cambridge market report
Current pricing, supply, and pace data for Waterloo Region, sourced from the Cornerstone Association of REALTORS® (formerly WRAR) via ITSO. Data updated: July 2026 (published August 2, 2026).
Average sale prices by property type
| Category | Median Price | Average Price | Year-over-Year (Median) |
|---|---|---|---|
| Waterloo Region (all residential) | $675,000 | $707,016 | −2.9% |
| Single Family homes | $760,000 | $811,734 | −3.4% |
| Townhouse / Condo | $516,500 | $502,390 | −10.5% |
| Kitchener-Waterloo (HPI benchmark) | $642,000 (May 2026) | −5.5% | |
| Cambridge (HPI benchmark) | $671,000 (May 2026) | −6.6% | |
Source: Cornerstone Association of REALTORS® (formerly Waterloo Region Association of REALTORS®), data via ITSO/CREA. Figures reflect July 2026 sales activity, published August 2, 2026. Cornerstone posts new Monthly Indicators reports publicly by the 5th of each month.
3.9 months
Months of housing supply across all residential properties as of July 2026 — down 2.5% year-over-year, and still balanced territory. Six-plus months typically signals a buyer's market.
579 sales
Home sales across Waterloo Region in July 2026 — down 10.4% year-over-year, alongside new listings down 14.5% over the same period.
33 days
Average days on market in July 2026, up slightly (+3.1%) from a year earlier — homes are taking marginally longer to sell than in July 2025.
2026 outlook for Waterloo Region
July 2026 data shows a market still working through the broader correction: sales down 10.4% year-over-year, new listings down 14.5%, and median prices softer across every property type — condos and townhouses seeing the steepest declines at −10.5%, while single-family homes held up better at −3.4%. Nationally, CREA noted home sales rose for a third straight month in July, with lower fixed mortgage rates and diminishing expectations of further Bank of Canada rate hikes helping bring some buyers back — a dynamic that may filter into Waterloo Region in the months ahead. The Region's technology sector remains the primary driver of high-wage job creation supporting demand in the mid-to-upper price segments, while manufacturing sector volatility continues to add uncertainty to the broader outlook.
For buyers with a 5+ year time horizon, current conditions — more supply, softer pricing, and more room to negotiate than 2021-2022 — represent one of the more favourable entry points the region has seen in several years. For sellers, accurate pricing from day one matters more than ever; overpriced listings are sitting longer in a market where buyers have real alternatives.