Waterloo Region market report: October 2026
Prices, sales, supply and days on market for Kitchener, Waterloo and Cambridge, from the Cornerstone Association of REALTORS® via ITSO. Updated for October 2026 (data current as of November 2, 2026).
In October 2026, the median sale price across Waterloo Region was $680,000, −1.6% from a year earlier. There were 487 sales (down 14.3%), 1,745 homes for sale at month end and about 3.7 months of supply. Single-family homes had a median of $750,000; townhouses and condos $513,500.
What this means for buyers and sellers
Single-family supply is steady at 3.1 months and prices are about 5.7% lower than last October, so there is room to negotiate but not a flood of choice. Townhouses and condos have 781 active listings (−24.2%) and a −9.1% price change, which makes them the more negotiable segment, though shrinking inventory means the best ones still sell.
Homes are selling right around list price on average, so pricing realistically from day one matters. Single-family homes averaged 28 days to sell; townhouses and condos took 37. With new listings down (−16.8%), well-presented homes face less competing supply than a year ago.
CREA reported that Canadian home sales for September were 2.3% lower than August (seasonally adjusted) and 7.7% below a year earlier, with the national average sale price at $666,538, down 1.6% from September 2025. Regional results can differ from the national picture.
October 2026 by property type
All residential properties
| Metric | October 2025 | October 2026 | Change |
|---|---|---|---|
| Sales | 568 | 487 | −14.3% |
| New listings | 1,231 | 1,024 | −16.8% |
| Median sale price | $691,250 | $680,000 | −1.6% |
| Average sale price | $732,790 | $721,189 | −1.6% |
| Average days on market | 30 | 31 | +3.3% |
| Sale price vs. list price | 100.4% | 100.0% | −0.4% |
| Homes for sale (month end) | 2,036 | 1,745 | −14.3% |
| Months of supply | 3.9 | 3.7 | −5.1% |
Single-family homes
| Metric | October 2025 | October 2026 | Change |
|---|---|---|---|
| Sales | 369 | 328 | −11.1% |
| New listings | 688 | 642 | −6.7% |
| Median sale price | $795,000 | $750,000 | −5.7% |
| Average sale price | $835,906 | $822,272 | −1.6% |
| Average days on market | 28 | 28 | 0.0% |
| Sale price vs. list price | 100.2% | 100.0% | −0.2% |
| Homes for sale (month end) | 1,006 | 964 | −4.2% |
| Months of supply | 3.1 | 3.1 | 0.0% |
| Affordability index | 55 | 53 | −3.6% |
Townhouses, condos and semi-detached
| Metric | October 2025 | October 2026 | Change |
|---|---|---|---|
| Sales | 199 | 159 | −20.1% |
| New listings | 543 | 382 | −29.7% |
| Median sale price | $565,000 | $513,500 | −9.1% |
| Average sale price | $541,584 | $512,666 | −5.3% |
| Average days on market | 35 | 37 | +5.7% |
| Sale price vs. list price | 100.6% | 100.0% | −0.6% |
| Homes for sale (month end) | 1,030 | 781 | −24.2% |
| Months of supply | 5.1 | 4.6 | −9.8% |
| Affordability index | 77 | 78 | +1.3% |
Year to date through October 2026: all-residential median $685,000 (−3.9%), 4,949 sales (−8.3%). Affordability index: higher means more affordable; the index compares median household income with the income needed to qualify for the median-priced home.
Median price, last 12 months
| Month | Single-family median | SF sales | Townhouse/condo median | TH/condo sales |
|---|---|---|---|---|
| Oct 26 | $750,000 | 328 | $513,500 | 159 |
| Sep 26 | $750,000 | 271 | $545,450 | 142 |
| Aug 26 | $760,000 | 325 | $510,000 | 154 |
| Jul 26 | $765,500 | 391 | $503,000 | 201 |
| Jun 26 | $770,000 | 440 | $525,000 | 223 |
| May 26 | $781,250 | 418 | $549,900 | 215 |
| Apr 26 | $800,000 | 369 | $560,000 | 201 |
| Mar 26 | $780,000 | 312 | $510,000 | 182 |
| Feb 26 | $790,000 | 211 | $500,000 | 138 |
| Jan 26 | $762,500 | 166 | $530,500 | 103 |
| Dec 25 | $766,500 | 194 | $536,000 | 114 |
| Nov 25 | $750,000 | 272 | $560,000 | 190 |
Frequently asked questions
In October 2026, the median sale price across Waterloo Region was $680,000 and the average was $721,189. Single-family homes had a median of $750,000, and townhouses and condos had a median of $513,500.
Compared with October 2025, yes. The all-residential median is −1.6%, single-family is −5.7% and townhouse/condo is −9.1%. Year to date, the all-residential median is −3.9% versus the same period last year.
Months of supply is 3.7 across all homes: 3.1 for single-family and 4.6 for townhouses and condos. As a common rule of thumb, under about 4 months favours sellers, 4 to 6 is balanced, and over 6 favours buyers. Single-family sits closer to the seller side; townhouses and condos are more balanced, so conditions depend on property type and price range.
Homes that sold in October 2026 took 31 days on average from listing to accepted offer: 28 days for single-family and 37 days for townhouses and condos.
On average, no. In October 2026 homes sold for 100.0% of the list price, meaning at asking on average. Individual homes still vary: well-priced homes in demand can attract multiple offers while overpriced ones sit.
The Cornerstone Association of REALTORS® Monthly Indicators report for Waterloo Region, with data from ITSO, current as of November 2, 2026. It covers MLS® sales in the region and is updated here each month.
Source: Cornerstone Association of REALTORS® Monthly Indicators, Waterloo Region, October 2026. Data from ITSO, current as of November 2, 2026. Statistics describe past sales and are not a prediction or an appraisal of any specific home. Percent changes are as published and calculated from rounded figures.