Kitchener-Waterloo-Cambridge market report
Current pricing, supply, and pace data for Waterloo Region, sourced from CREA/WRAR. Data updated: June 2026 (published early July 2026).
Average sale prices by city
| Area | Average Price | Year-over-Year |
|---|---|---|
| Waterloo Region (blended average) | $729,650 | −6.5% |
| Kitchener-Waterloo (benchmark, HPI) | $642,000 | −5.5% |
| Cambridge (benchmark, HPI) | $671,000 | −6.6% |
| Detached homes (average) | $834,730 | −6.9% |
| Semi-detached homes (average) | $591,692 | −8.8% |
| Townhouses (average) | $567,854 | −9.1% |
| Condominiums (average) | $395,391 | −9.2% |
Sources: Waterloo Region Association of REALTORS® (WRAR) / Cornerstone Association of REALTORS® / CREA MLS® Home Price Index, via WOWA.ca. Figures reflect June 2026 data, published early July 2026. WRAR releases the prior month's statistics during the first week of each month.
4.1 months
Months of housing supply as of June 2026 — balanced territory, and slightly lower than June 2025's level. Six-plus months typically signals a buyer's market.
Slowest June on record
Sales were down 2.9% year-over-year in June 2026, described by WRAR as the slowest June on record — though Cambridge outperformed Kitchener and Waterloo, which both posted double-digit declines.
676 sales
Home sales across Waterloo Region in June 2026 — essentially flat year-over-year (+0.3%), following a stronger April-May stretch.
2026 outlook for Waterloo Region
Through the first half of 2026, prices have continued softening year-over-year across all property types, with condos and townhouses seeing the steepest declines. June's sales volume was essentially flat versus a year earlier, though WRAR noted it was the slowest June on record for the Region — a sign that some buyers remain on the sidelines despite more balanced conditions. 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.