Melanie & Warren McNeil : Blog : Latest Blog Posts

📊Waterloo Region Market Statistics for August 2026

Fri, 04 Sep 2026 16:24:01 GMT

📊 Waterloo Region Real Estate Update – August 2026

As of September 4, 2026: August was a quiet month on volume, with sales down 18.9% from July and new listings down 24.5% from July, which is the normal summer pattern in Waterloo Region. What stands out is how steady prices were through it -- the average sale price finished down just 1% year over year, the smallest change we have seen in months. Waterloo Region also continues to hold the tightest market conditions of any Cornerstone market area, while buyers still have more selection than they did in previous years. There is real opportunity on both sides -- buyers have more time to decide, while sellers who price realistically and present well are still getting results. Here is a quick look at what stood out this month:

🏠 481 homes sold (down 18.9% from July)
📋 885 new listings came to market (down 24.5% from July)
💰 Average price for all residential real estate: $722,683 (down 1.0% year over year)
⏱️ Average days on market: 36 -- up 12.5% year over year, a sign that buyers are taking more time to make their decisions

Single-family homes saw 325 sales in August, with an average price of $829,113, down 2.2% compared to last year. Months of inventory sits at 2.8 months. This was also the one segment where sales edged up year over year, so detached homes are carrying the region right now. Keep in mind that is the average -- there are plenty of homes selling above and below that number depending on location and condition.

Looking at other property types, 30 semi-detached homes sold with an average price of $574,590 and just 1.9 months of inventory -- down 5% from last year -- making it the tightest segment in the market right now. Condominiums recorded 49 sales with an average price of $393,083 and 7.3 months of inventory -- still the most saturated segment in the market, though supply has eased from where it sat in July, and sellers here need a sharp price and strong presentation to stand out. Meanwhile 76 townhomes sold at an average price of $543,171 with 4.1 months of inventory, down 4.7% from last year, giving buyers solid selection while the segment tightens up.

The market rewards the right strategy -- the right price, the right presentation, and a realistic plan. Homes that are well priced and well presented are still selling across all segments.

If you would like a deeper breakdown by Kitchener, Waterloo, Cambridge, or by your specific property type, reach out to us -- we are always happy to walk through the numbers with you and help you understand what they mean for your next move.

https://cornerstone.inc/waterloo-region-housing-statistics

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Waterloo Region Real Estate

Market Update -- August 2026

Prices steady through a quieter summer month

Avg Sale Price

$722,683

▼ 1.0% year over year

Days on Market

▲ 12.5% year over year

New Listings

885

▼ 14.8% year over year

▼ 24.5% vs July

MLS Sales

481

▼ 10.9% year over year

▼ 18.9% vs July

Months of Inventory

3.5

▼ 2.8% year over year

Market Context

Tightest in the Region

Prices holding steady

Sales by Property Type -- August 2026

Single Detached

325

homes sold

$829,113

▼ 2.2% YoY

2.8 months of inventory ▼ 3.4%

Semi-Detached

homes sold

$574,590

▼ 7.1% YoY

1.9 months of inventory ▼ 5.0%

Townhome

homes sold

$543,171

▼ 8.9% YoY

4.1 months of inventory ▼ 4.7%

Condo

units sold

$393,083

▼ 9.3% YoY

7.3 months of inventory ▲ 2.8%

Summary

Type	Sold	Avg Price	YoY	Mths Inv.
Single Detached	325	$829,113	-2.2%	2.8
Semi-Detached	30	$574,590	-7.1%	1.9
Townhome	76	$543,171	-8.9%	4.1
Condo	49	$393,083	-9.3%	7.3

Melanie & Warren McNeil, REALTORS®

Peak Realty Ltd., Brokerage

519-590-3767 | teammcneil.com

Source: Cornerstone Association of REALTORS. As of September 4, 2026.

New property listed in 550 - Elmira, 5 - Woolwich and Wellesley Township

Wed, 02 Sep 2026 09:19:55 GMT

We have listed a new property at 335 Finoro Crescent in Elmira. See details here

4 bedrooms, a gorgeous newly finished rec room and just steps to Riverside Public School, this Elmira home offers exceptional value for a growing family! Bright, spacious and move-in ready, the main floor features an inviting open concept layout designed for everyday family life and easy entertaining. The kitchen offers plenty of workspace and a breakfast bar, opening to a generous dining area with a walkout to the fenced backyard. The adjoining living room keeps everyone connected, whether you're hosting friends or relaxing with the family. A convenient mudroom/laundry room adds even more functionality. The newly finished rec room (2026) is a standout, with large windows, plenty of natural light, neutral decor and a flexible open layout, perfect for movie nights, a games room, kids' space, home office or all of the above! Upstairs you'll find 4 good sized bedrooms, including a spacious primary suite with walk-in closet and private 3 piece ensuite, plus a 4 piece family bath. Outside, the fenced backyard includes a playset and shed, while the 1.5-car attached garage and double driveway provide parking for three vehicles. All of this in a fantastic Elmira location, just steps from Riverside Public School and Elmira Community Nursery School. Plenty of space, a great location and nothing to do but move in and enjoy. Shows A+++!

Open House. Open House on Saturday, September 5, 2026 2:00PM - 4:00PM

Wed, 02 Sep 2026 09:19:55 GMT

Please visit our Open House at 335 Finoro Crescent in Elmira. See details here

Open House on Saturday, September 5, 2026 2:00PM - 4:00PM

Open House. Open House on Sunday, August 9, 2026 2:00PM - 4:00PM

Thu, 06 Aug 2026 09:22:10 GMT

Please visit our Open House at 102 Brookmead Street in Elmira. See details here

Open House on Sunday, August 9, 2026 2:00PM - 4:00PM

Welcome to this well maintained family home in one of Elmira's most sought-after neighbourhoods, just steps from the Woolwich Memorial Centre, parks, schools, and walking trails. Offering 4+1 bedrooms, 4 bathrooms, and a finished basement, this move-in-ready home has plenty of space for the whole family. Freshly painted with neutral decor and hardwood floors throughout the main level, the home features a bright living room with a vaulted ceiling and cozy gas fireplace. The spacious kitchen offers an abundance of cabinetry, a pantry, large island with breakfast bar, and is open to the dining area, perfect for everyday living and entertaining. Just off the dining area, the added sunroom provides the perfect spot to relax and enjoy views of the backyard. Convenient main floor laundry and an attached double garage add to the home's functionality. Upstairs, the generous primary suite features a walk-in closet, second closet, and private 4-piece ensuite, while three additional bedrooms provide plenty of room for family or flexibility for a home office. The finished basement includes a large recreation room, fifth bedroom, and an additional bathroom as well as lots of storage and a cold room. This home combines generous living space with an unbeatable family-friendly location, this beautiful home is one you won't want to miss.

New property listed in 550 - Elmira, 5 - Woolwich and Wellesley Township

Wed, 05 Aug 2026 09:21:21 GMT

We have listed a new property at 35 Mill Street in Elmira. See details here

Excellent Investment Opportunity in Elmira! This well maintained, purpose built triplex is fully occupied and will make a great addition to any investment portfolio. Each of the three spacious units feature 2 bedrooms, generous living room, eat in kitchen and 1 bathroom, with the upper and middle units enjoying private balconies and the lower unit offering large, bright windows. Pride of ownership is evident throughout this easily managed property. Long term tenants take excellent care of their homes, making this a turnkey investment. Recent updates include a commercial grade coin operated washer and dryer, as well as a newer retaining wall and fence which allows for a convenient and easy place to store the shared garbage bins. Each unit includes one parking space. Situated on a quiet street within walking distance of downtown Elmira, beautiful parks & trails, and the splash pad, this property also offers convenient access to Kitchener-Waterloo and Guelph. A solid, well cared for investment in a desirable location!

Open House. Open House on Sunday, July 26, 2026 2:00PM - 4:00PM

Wed, 22 Jul 2026 09:17:01 GMT

Please visit our Open House at 102 Brookmead Street in Elmira. See details here

Open House on Sunday, July 26, 2026 2:00PM - 4:00PM

New property listed in 550 - Elmira, 5 - Woolwich and Wellesley Township

Sat, 18 Jul 2026 09:18:34 GMT

We have listed a new property at 102 Brookmead Street in Elmira. See details here

📊Waterloo Region Market Statistics for June 2026

Tue, 07 Jul 2026 02:25:16 GMT

📊 Waterloo Region Real Estate Update – June 2026

As of July 6, 2026: June sales were up 4.3% from May, and while the market continues to adjust year over year, the steady month-over-month progress tells us buyers are coming back. Waterloo Region also holds the tightest market conditions of all Cornerstone regions right now. There is opportunity on both sides -- buyers are getting into properties they may not have been able to afford a year ago, while sellers who price and present strategically are still achieving strong results. Here is a quick look at what stood out this month:

🏠 662 homes sold (up 4.3% from May)
📋 1,407 new listings came to market
💰 Average price for all residential real estate: $729,650 (down 6.4% year over year)
⏱️ Average days on market: 27 -- unchanged year over year, but two strategies behind that number: homes priced below market with held offers often sell in under two weeks, while traditionally priced homes are taking 45 to 60 days

Single-family homes saw 441 sales in June, with an average price of $834,730, down 7.4% compared to last year. Months of inventory sits at 3.3 months. Keep in mind that is the average -- there are plenty of homes selling above and below that number depending on location and condition.

Looking at other property types, 48 semi-detached homes sold with an average price of $591,692 and just 1.7 months of inventory -- down 37% from last year -- making it the tightest segment in the market right now. Condominiums recorded 68 sales with an average price of $395,391 and 8.8 months of inventory -- the most saturated segment in the market with the most competition among sellers. Meanwhile 105 townhomes sold at an average price of $567,854 with 4.9 months of inventory, continuing to offer solid value for buyers looking for more space.

The market rewards the right strategy -- the right price, the right presentation, and a realistic plan. Homes that are well priced and well presented are still selling across all segments.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Waterloo Region Real Estate

Market Update -- June 2026

Prices adjusting -- well-priced homes still sell

Avg Sale Price

$729,650

▼ 6.4% year over year

Days on Market

Unchanged year over year

Hold-offer: <2 wks | Traditional: 45-60 days

New Listings

1,407

▼ 7.6% year over year

MLS Sales

662

▼ 2.9% year over year

▲ 4.3% vs May

Months of Inventory

4.1

▼ 2.4% year over year

Market Context

Balanced

Priced right, homes sell

Sales by Property Type -- June 2026

Single Detached

441

homes sold

$834,730

▼ 7.4% YoY

3.3 months of inventory ▼ 5.7%

Semi-Detached

homes sold

$591,692

▼ 8.8% YoY

1.7 months of inventory ▼ 37.0%

Townhome

105

homes sold

$567,854

▼ 9.2% YoY

4.9 months of inventory ▲ 14.0%

Condo

units sold

$395,391

▼ 9.0% YoY

8.8 months of inventory ▲ 7.3%

Summary

Type	Sold	Avg Price	YoY	Mths Inv.
Single Detached	441	$834,730	-7.4%	3.3
Semi-Detached	48	$591,692	-8.8%	1.7
Townhome	105	$567,854	-9.2%	4.9
Condo	68	$395,391	-9.0%	8.8

Melanie & Warren McNeil, REALTORS®

Peak Realty Ltd., Brokerage

519-590-3767 | teammcneil.com

Source: Cornerstone Association of REALTORS. As of June 2, 2026.

New property listed in 224 - Heritage Park/Rosemount, 2 - Kitchener East

Fri, 26 Jun 2026 09:17:58 GMT

We have listed a new property at 120 Lorraine Avenue in Kitchener. See details here

Beautiful bungalow with ensuite and attached garage! This well-maintained 3 bed, 3 bath home offers a bright, open-concept layout with hardwood floors and a functional kitchen with backsplash, corian countertops and appliances included which flows seamlessly into the sun-filled dining and living areas. A generous primary suite with a luxurious ensuite boasting a walk-in shower, double sinks and even a fireplace. A second bedroom with a built-in Murphy bed (included), a 4-piece bath, and convenient main floor laundry complete the main level. The finished lower level adds great additional living space with a games room (pool table included), a cozy rec room with built-in gas fireplace, a third bedroom, and a full bathroom as well as storage and utility rooms. Step outside and enjoy a private backyard with patio, plus an attached garage with workshop space. Additional highlights include a steel roof, no rented equipment, and a fantastic location close to all amenities in a desirable neighbourhood. A move-in ready home you won't want to miss.

Open House. Open House on Sunday, June 28, 2026 2:00PM - 4:00PM

Fri, 26 Jun 2026 09:17:58 GMT

Please visit our Open House at 120 Lorraine Avenue in Kitchener. See details here

Open House on Sunday, June 28, 2026 2:00PM - 4:00PM

Bank of Canada Update – June 2026

Wed, 10 Jun 2026 14:50:27 GMT

Bank of Canada · June 10, 2026

Rate Held at 2.25% — What It Means for Waterloo Region

The Bank of Canada held its overnight rate at 2.25% on June 10, 2026 — the fifth consecutive hold since October 2025. The decision matched market expectations, but the tone of the announcement was notably more cautious than previous holds.

Headline inflation rose to 2.8% in April, driven by higher energy prices and the effect of the consumer carbon tax elimination dropping out of the year-over-year calculation. Core inflation has moved down to around 2%, and so far there is limited evidence of energy price pressures spreading broadly to other goods and services. That said, the Bank was direct: Governing Council will not let higher energy prices become persistent inflation. Canada's GDP edged down 0.1% in Q1 2026, and the unemployment rate sits at 6.6% as of May -- softening but not deteriorating sharply.

The Bank signalled that July 15 is a live decision. If energy prices stay elevated and begin feeding into broader inflation, the next move could be a hike. If economic growth stays weak and the labour market softens further, a cut remains possible. The Bank was clear that it will respond as needed -- and that uncertainty is the defining feature of this moment. For Waterloo Region homeowners, the local picture adds useful context: 627 homes sold through MLS in May, up 10% from April, with an average sale price of $744,032 across all residential types. Homes are selling in an average of 24 days and inventory sits at 4.0 months -- a balanced market where the right pricing, presentation, and patience still wins.

If your mortgage is up for renewal in the next 6 to 12 months, the fixed vs variable conversation is worth having before July 15. Reach out to Melanie and Warren for a straight-talk conversation about what the current rate environment means for your specific situation in Kitchener, Waterloo, or Cambridge.

Source: Bank of Canada -- Rate Announcement, June 10, 2026 | Market data: Cornerstone Association of Realtors, May 2026 | Information believed accurate but not guaranteed. Not intended to solicit those currently under contract.

New property listed in 333 - Laurentian Hills/Country Hills W, 3 - Kitchener West

Wed, 10 Jun 2026 09:41:47 GMT

We have listed a new property at 113 5 Wake Robin Drive in Kitchener. See details here

Welcome to Unit #113 at 5 Wake Robin Drive, the WestEnd Condos. This well maintained main-floor unit offers comfort, convenience, and accessibility in a sought-after Kitchener location. This carpet-free home features 2 spacious bedrooms, a 4pc accessible bathroom, and thoughtfully designed accessibility features throughout. The modern, functional kitchen is equipped with stainless steel appliances, quartz countertops, and a stylish tile backsplash. An open easy to maintain layout designed for everyday living allows easy access between the kitchen, dining area and living room. In suite laundry for added convenience. Step directly from your unit out to the patio, offering effortless access to nearby shopping, restaurants, and public transit conveniently located just across the street. Whether you're downsizing, purchasing your first home, or seeking an accessible living option, this home delivers exceptional convenience and comfort. Additional features include two owned parking spaces and a private storage locker, providing valuable extra space and convenience. An excellent opportunity to enjoy low-maintenance living in a fantastic location close to all amenities. Great value for a modern and stylish, newer condo. A must see!

📊Waterloo Region Market Statistics for May 2026

Thu, 04 Jun 2026 22:30:43 GMT

📊 Waterloo Region Real Estate Update – May 2026

As of June 4, 2026: May is historically one of the busier months for real estate and this one was actually one of the quietest we have seen in about 15 years -- but the steady month over month progress since January tells us the market is gradually finding its footing. There is opportunity on both sides right now -- some buyers are getting great deals while some sellers are still achieving top dollar. It really does depend on the property and the neighbourhood. Here is a quick look at what stood out this month:

🏠 627 homes sold
📋 1,452 new listings came to market
💰 Average price for all residential real estate: $744,032 (down 5.8% year over year)
⏱️ Average days on market: 24 -- unchanged year over year

Single-family homes saw 361 sales in May, with an average price of $851,674, down 6.6% compared to last year. Months of inventory sits at 3.2 months. Keep in mind that is the average -- there are plenty of homes selling above and below that number depending on location and condition.

Looking at other property types, 41 semi-detached homes sold with an average price of $603,056 and just 1.8 months of inventory, making it the tightest segment in the market right now. Condominiums recorded 53 sales with an average price of $410,307 and 8.9 months of inventory -- the most saturated segment in the market with the most competition among sellers. Meanwhile 106 townhomes sold at an average price of $582,555 with 4.7 months of inventory, continuing to offer solid value for buyers looking for more space.

The market rewards the right strategy -- the right price, the right presentation, and a little patience. Homes that are well priced and well presented are still selling across all segments.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Melanie & Warren McNeil · Peak Realty Ltd.

Waterloo Region Real Estate: May 2026 Market Update

One of the quietest Mays in 15 years for sales, yet steady month over month progress since January is encouraging. Opportunity exists on both sides -- some buyers getting deals, some sellers achieving top dollar.

Core Market Indicators

Avg. Residential Sale Price

$744,032

▼ 5.8% year over year

All residential property types

Avg. Days on Market

Unchanged year over year

Well-priced homes still moving efficiently

New Residential Listings

1,452

▼ 13.1% year over year

▲ 3.9% vs April · steady activity

MLS Sales

627

▼ 7.8% year over year

▲ 9.8% vs April · steady momentum

Months of Inventory · All Types

4.0

▼ 4.8% year over year

Balanced market

Market Context

Sales up 9.8% month over month with steady listing activity. Prices adjusting year over year across all property types. Condo segment most saturated at 8.9 months. Semi-detached tightest segment at 1.8 months.

Property Type Performance

Single-Detached

361

units sold

$851,674

▼ 6.6% YOY

3.2 months supply · ▼ 5.9%

Semi-Detached

units sold

$603,056

▼ 7.6% YOY

1.8 months supply · ▼ 18.2%

Townhome

106

units sold

$582,555

▼ 8.2% YOY

4.7 months supply · ▼ 4.1%

Condo

units sold

$410,307

▼ 4.4% YOY

8.9 months supply · ▲ 6.0%

Unit Volume and Price Shifts

Property Type	Units Sold	Avg. Sale Price	Price Change	Months Supply
Single-Detached	361	$851,674	-6.6%	3.2
Semi-Detached	41	$603,056	-7.6%	1.8
Townhome	106	$582,555	-8.2%	4.7
Condo	53	$410,307	-4.4%	8.9

Melanie & Warren McNeil, REALTORS® · Peak Realty Ltd., Brokerage · 519-590-3767 · teammcneil.com

Source: Cornerstone Association of REALTORS® · as of June 4, 2026

```

New property listed in 224 - Heritage Park/Rosemount, 2 - Kitchener East

Thu, 28 May 2026 10:10:54 GMT

We have listed a new property at 120 Lorraine Avenue in Kitchener. See details here

Beautiful bungalow with ensuite and attached garage! This well-maintained 3 bed, 3 bath home offers a bright, open-concept layout with hardwood floors and a functional kitchen with backsplash, corian countertops and appliances included which flows seamlessly into the sun-filled dining and living areas. A generous primary suite with a luxurious ensuite boasting heated floors, a walk-in shower, and double sinks. A second bedroom with a built-in Murphy bed (included), a 4-piece bath, and convenient main floor laundry complete the main level. The finished lower level adds great additional living space with a games room (pool table included), a cozy rec room with built-in gas fireplace, a third bedroom, and a full bathroom as well as storage and utility rooms. Step outside and enjoy a private backyard with patio, plus an attached garage with workshop space. Additional highlights include a steel roof, no rented equipment, and a fantastic location close to all amenities in a desirable neighbourhood. A move-in ready home you won’t want to miss.

Open House. Open House on Sunday, May 31, 2026 2:00PM - 4:00PM

Thu, 28 May 2026 10:10:54 GMT

Please visit our Open House at 120 Lorraine Avenue in Kitchener. See details here

Open House on Sunday, May 31, 2026 2:00PM - 4:00PM

Beautiful bungalow with ensuite and attached garage! This well-maintained 3 bed, 3 bath home offers a bright, open-concept layout with hardwood floors and a functional kitchen with backsplash, corian countertops and appliances included which flows seamlessly into the sun-filled dining and living areas. A generous primary suite with a luxurious ensuite boasting heated floors, a walk-in shower, and double sinks. A second bedroom with a built-in Murphy bed (included), a 4-piece bath, and convenient main floor laundry complete the main level. The finished lower level adds great additional living space with a games room (pool table included), a cozy rec room with built-in gas fireplace, a third bedroom, and a full bathroom as well as storage and utility rooms. Step outside and enjoy a private backyard with patio, plus an attached garage with workshop space. Additional highlights include a steel roof, no rented equipment, and a fantastic location close to all amenities in a desirable neighbourhood. A move-in ready home you won’t want to miss.

New property listed in 313 - Downtown Kitchener/West Ward, 3 - Kitchener West

Fri, 08 May 2026 10:14:35 GMT

We have listed a new property at 409 104 Garment Street in Kitchener. See details here

Available for immediate occupancy! Move in and enjoy the summer on the outstanding patio. Amazing opportunity to live in this nicely appointed, downtown condo with a 530sq ft. private terrace. This 2 bed, 2 bath, 1063 sq ft unit is located in Tower 2 of the Garment Street Condos in the heart of the Innovation District. Features include luxury vinyl plank flooring throughout, cool, crisp neutral paint colours, built in closet organizers in every closet, sleek modern kitchen with island, granite countertops and beautiful backsplash. Stainless steel appliances included for tenants use. Primary bedroom has lots of natural light, double closet and 3 piece ensuite bathroom. Walkout from the living room to an enormous private terrace that wraps around the whole unit and offers a panoramic view of downtown Kitchener. A second bedroom, full bathroom, custom blinds throughout, insuite laundry and a storage room complete the unit. 1 underground parking spot and internet is also included. The building amenities include an Exercise Room, Media Room, Party Room, Roof Top Deck/Garden, Bike Storage. Walking distance to the LRT, the School of Pharmacy, GOOGLE plus much more. Beautiful Victoria Park is a short walk and hosts many community events and festivals throughout the summer. Downtown Kitchener offers great restaurants, bars, pubs, entertainment and shopping. GO and VIA are also nearby for commuting into TO. 12 month lease + utilities (hydro), no smoking, no pets.

Open House. Open House on Sunday, May 10, 2026 2:00PM - 4:00PM

Thu, 07 May 2026 10:17:08 GMT

Please visit our Open House at 120 Lorraine Avenue in Kitchener. See details here

Open House on Sunday, May 10, 2026 2:00PM - 4:00PM

Beautiful bungalow with ensuite and attached garage! This well-maintained 3 bed, 3 bath home offers a bright, open-concept layout with hardwood floors and a functional kitchen with backsplash, corian countertops and appliances included which flows seamlessly into the sun-filled dining and living areas. A generous primary suite with a luxurious ensuite boasting heated floors, a walk-in shower, and double sinks. A second bedroom with a built-in Murphy bed (included), a 4-piece bath, and convenient main floor laundry complete the main level. The finished lower level adds great additional living space with a games room (pool table included), a cozy rec room with built-in gas fireplace, a third bedroom, and a full bathroom as well as storage and utility rooms. Step outside and enjoy a private backyard with patio, plus an attached garage with workshop space. Additional highlights include a steel roof, no rented equipment, and a fantastic location close to all amenities in a desirable neighbourhood. A move-in ready home you won’t want to miss.

📊Waterloo Region Market Statistics for April 2026

Tue, 05 May 2026 21:49:40 GMT

📊 Waterloo Region Real Estate Update – April 2026

As of May 5, 2026: April continued to build on the spring momentum we saw in March, with sales and new listings both on the rise across Waterloo Region. Prices are still adjusting year over year but the pace is stabilizing, and well-priced homes are still getting good results. Here is a quick look at what stood out this month:

🏠 563 homes sold
📋 1,390 new listings came to market
💰 Average price for all residential real estate: $754,433 (down 3.8% year over year)
⏱️ Average days on market: 25

Single-family homes saw 361 sales in April, with an average price of $867,132, down 5.7% compared to last year. Months of inventory sits at 2.7 months, reflecting relatively tight conditions in the detached segment. Keep in mind that is the average -- there are plenty of homes selling above and below that number depending on location and condition.

Looking at other property types, 41 semi-detached homes sold with an average price of $612,954 and just 1.4 months of inventory, making it the tightest segment in the market right now. Condominiums recorded 53 sales with an average price of $426,833 and 8.6 months of inventory -- buyers in this segment have more options and more negotiating room than anywhere else in the market. Meanwhile 106 townhomes sold at an average price of $591,496 with 4.4 months of inventory, continuing to offer solid value for buyers looking for more space.

Overall the Waterloo Region market is moving but it rewards the right strategy -- the right price, the right presentation, and a little patience. Homes that are well priced and well presented are still selling across all segments.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Melanie & Warren McNeil · Peak Realty Ltd.

Waterloo Region Real Estate: April 2026 Market Update

Average residential sale prices continue to adjust across all major housing categories, while sales volume and new listings show continued spring momentum month-over-month.

Core Market Indicators

Avg. Residential Sale Price

$754,433

▼ 3.8% year over year

All residential property types

Avg. Days on Market

▲ 4.2% year over year

5 days faster than March

New Residential Listings

1,390

▼ 0.9% year over year

▲ 27.8% vs March · spring pickup

MLS Sales

563

▼ 7.6% year over year

▲ 14.0% vs March · steady buyer activity

Months of Inventory · All Types

3.6

0.0% year over year

Balanced market

Market Context

Sales and listings both rising month-over-month as spring gains traction. Prices still adjusting year-over-year across all property types. The condo segment carries the most inventory. Semi-detached remains the tightest segment at 1.4 months.

Property Type Performance

Single-Detached

361

units sold

$867,132

▼ 5.7% YOY

2.7 months supply · ▼ 3.6%

Semi-Detached

units sold

$612,954

▼ 7.4% YOY

1.4 months supply · ▼ 12.5%

Townhome

106

units sold

$591,496

▼ 4.8% YOY

4.4 months supply · ▼ 4.3%

Condo

units sold

$426,833

▼ 9.8% YOY

8.6 months supply · ▲ 14.7%

Unit Volume and Price Shifts

Property Type	Units Sold	Avg. Sale Price	Price Change	Months Supply
Single-Detached	361	$867,132	-5.7%	2.7
Semi-Detached	41	$612,954	-7.4%	1.4
Townhome	106	$591,496	-4.8%	4.4
Condo	53	$426,833	-9.8%	8.6

Melanie & Warren McNeil, REALTORS® · Peak Realty Ltd., Brokerage · 519-590-3767 · teammcneil.com

Source: Cornerstone Association of REALTORS® · as of May 5, 2026

Bank of Canada Update – April 2026

Wed, 29 Apr 2026 16:03:00 GMT

📊 Bank of Canada Rate Update – April 29, 2026

As of April 29, 2026: The Bank of Canada held its overnight rate steady at 2.25%, marking the fourth consecutive hold since October. While the decision itself was widely expected, the underlying story has started to shift.

Since the last announcement, inflation has moved higher, rising to 2.4% in March from 1.8% in February. Much of that increase has been tied to global energy prices, while core inflation measures have remained more stable. At the same time, economic growth continues to come in on the softer side, with forecasts around 1.2% for 2026, and the labour market showing signs of easing.

📈 Inflation: 2.4% (up from 1.8%)
🌍 Driver: Global energy prices
📊 Growth outlook: ~1.2% for 2026
👷 Labour market: Gradually softening
🏦 Policy stance: Holding steady at 2.25%

The Bank has indicated it plans to look through this short-term, energy-driven spike in inflation rather than react immediately, which helps explain the continued pause in rate changes.

For buyers, sellers, and homeowners across Waterloo Region, this means borrowing conditions remain stable for now. Variable-rate mortgage holders will not see changes, and overall market conditions continue to feel balanced, though still cautious.

🏠 Buyers: Active, but highly price-sensitive
📉 Sellers: Pricing and presentation matter more than ever
⚖️ Market tone: Stable, with a cautious outlook

The bigger theme right now is uncertainty. With inflation ticking higher and global tensions influencing energy prices, the Bank’s next move could realistically go in either direction. This creates a true wait-and-see period in the market.

Next rate decision: June 10, 2026

If your mortgage is coming up for renewal in the next 6 to 12 months, this is an important window to start thinking through your options. Decisions around fixed versus variable rates can have a meaningful impact depending on how the next few announcements unfold.

If you would like a clear breakdown of how today’s rate environment applies to your situation in Kitchener, Waterloo, or Cambridge, Melanie and I are always happy to walk through it with you.

https://www.bankofcanada.ca/
https://teammcneil.com/bank-of-canada.html

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Open House. Open House on Sunday, May 3, 2026 2:00PM - 4:00PM

Wed, 29 Apr 2026 09:48:55 GMT

Please visit our Open House at B 235 Cedarbrae Avenue in Waterloo. See details here

Open House on Sunday, May 3, 2026 2:00PM - 4:00PM

Bungalow semi with finished basement close to both Universities, schools and parks. Main floor features, newer flooring, updated windows, modern kitchen, large living and dining room, updated main bath and 3 bedrooms. A side entrance leads to the lower level with 3 bedrooms, family room, 3pc bath and kitchen as well as the laundry room and cold room. Located in Waterloo, steps to schools, trails, parks and transit. Parking for 3 cars and a fenced backyard. Perfect starter home, for downsizing or mortgage helper.

Waterloo Region March 2026 Market Stats — Melanie & Warren McNeil

Sat, 25 Apr 2026 11:24:00 GMT

Melanie & Warren McNeil · Peak Realty Ltd.

Waterloo Region Real Estate: March 2026 Market Update

Average residential sale prices continue a period of correction across all major housing categories, while sales volume and new listings show strong spring momentum month-over-month.

Core Market Indicators

Avg. Residential Sale Price

$733,258

▼ 4.4% year over year

All residential property types

Avg. Days on Market

▲ 11.1% year over year

Homes taking a little longer than last year

New Residential Listings

1,082

▼ 11.2% year over year

▲ 44.8% vs February · spring pickup

MLS Sales

492

▲ 5.4% year over year

▲ 39.4% vs February · strong buyer activity

Months of Supply · All Types

2.9

▼ 6.5% year over year

Balanced market

Market Context

Sales up strongly month-over-month as spring market gains traction. Prices still correcting year-over-year across all property types, with condos seeing the sharpest decline. Inventory remains relatively constrained.

Property Type Performance

Single-Detached

311

units sold

$858,919

▼ 6.7% YOY

2.1 months supply · ▼ 4.5%

Semi-Detached

units sold

$649,764

▼ 2.0% YOY

1.0 months supply · ▼ 37.5%

Townhome

units sold

$569,213

▼ 7.6% YOY

3.5 months supply · ▼ 14.6%

Condo

units sold

$383,029

▼ 17.2% YOY

7.2 months supply · ▲ 4.3%

Unit Volume and Price Shifts

Property Type	Units Sold	Avg. Sale Price	Price Change	Months Supply
Single-Detached	311	$858,919	-6.7%	2.1
Semi-Detached	36	$649,764	-2.0%	1.0
Townhome	79	$569,213	-7.6%	3.5
Condo	66	$383,029	-17.2%	7.2

Melanie & Warren McNeil, REALTORS® · Peak Realty Ltd., Brokerage · 519-590-3767 · teammcneil.com

Source: Cornerstone Association of REALTORS® · as of April 6, 2026

Open House. Open House on Saturday, April 18, 2026 2:00PM - 4:00PM

Thu, 16 Apr 2026 10:52:50 GMT

Please visit our Open House at 120 Lorraine Avenue in Kitchener. See details here

Open House on Saturday, April 18, 2026 2:00PM - 4:00PM

Beautiful bungalow with ensuite and attached garage! This well-maintained 3 bed, 3 bath home offers a bright, open-concept layout with hardwood floors and a functional kitchen with backsplash, corian countertops and appliances included which flows seamlessly into the sun-filled dining and living areas. A generous primary suite with a luxurious ensuite boasting heated floors, a walk-in shower, and double sinks. A second bedroom with a built-in Murphy bed (included), a 4-piece bath, and convenient main floor laundry complete the main level. The finished lower level adds great additional living space with a games room (pool table included), a cozy rec room with built-in gas fireplace, a third bedroom, and a full bathroom as well as storage and utility rooms. Step outside and enjoy a private backyard with patio, plus an attached garage with workshop space. Additional highlights include a steel roof, no rented equipment, and a fantastic location close to all amenities in a desirable neighbourhood. A move-in ready home you won’t want to miss.

New property listed in 421 - Lakeshore/Parkdale, 4 - Waterloo West

Thu, 16 Apr 2026 10:52:48 GMT

We have listed a new property at B 235 Cedarbrae Avenue in Waterloo. See details here

Open House. Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Thu, 16 Apr 2026 10:52:48 GMT

Please visit our Open House at B 235 Cedarbrae Avenue in Waterloo. See details here

Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

New property listed in 224 - Heritage Park/Rosemount, 2 - Kitchener East

Sat, 11 Apr 2026 09:47:57 GMT

We have listed a new property at 120 Lorraine Avenue in Kitchener. See details here

Beautiful bungalow with ensuite and attached garage! This well-maintained 3 bed, 3 bath home offers a bright, open-concept layout with hardwood floors and a functional kitchen with backsplash, corian countertops and appliances included which flows seamlessly into the sun-filled dining and living areas. A generous primary suite with a luxurious ensuite boasting heated floors, a walk-in shower, and double sinks. A second bedroom with a built-in Murphy bed (included), a 4-piece bath, and convenient main floor laundry complete the main level. The finished lower level adds great additional living space with a games room (pool table included), a cozy rec room with built-in gas fireplace, a third bedroom, and a full bathroom as well as storage and utility rooms. Step outside and enjoy a private backyard with patio, plus an attached garage with workshop space. Additional highlights include a steel roof, no rented equipment, and a fantastic location close to all amenities in a desirable neighbourhood. A move-in ready home you won’t want to miss.

📊Waterloo Region Market Statistics for March 2026

Tue, 07 Apr 2026 18:00:00 GMT

📊 Waterloo Region Real Estate Update – March 2026

As of April 6, 2026: March showed a clear shift into spring market momentum across Waterloo Region. Both sales and new listings increased significantly compared to February, while pricing remained relatively stable overall. Here’s a quick look at what stood out this month:

🏠 492 homes sold
📋 1,082 new listings came to market
💰 Average price: $733,258 (down 4.4% year over year)
⏱️ Average days on market: 30

Single-family homes saw 311 sales in March, with an average price of $858,919, down 6.7% compared to last year. Months of supply sits at 2.1 months, which continues to reflect relatively tight conditions in the detached segment despite the increase in overall activity.

Looking at other property types, 36 semi-detached homes sold with an average price of $649,764. Condominiums recorded 66 sales with an average price of $383,029, while 79 townhomes sold at an average price of $569,213. Buyers in these segments are seeing more choice, although conditions can vary depending on the property type and location.

Overall, the Waterloo Region housing market is gaining momentum heading into the spring season. With both listings and sales rising month-over-month and inventory levels remaining relatively balanced, we are seeing a more active but still stable market environment.

If you would like a deeper breakdown by Kitchener, Waterloo, Cambridge, or by your specific property type, Melanie and I are always happy to walk through the numbers with you and help you understand what they mean for your next move.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

New property listed in Saugeen Shores, 4 - Saugeen Shores

Tue, 07 Apr 2026 09:37:52 GMT

We have listed a new property at 171 Gosford Street in Southampton. See details here

Stunning custom-designed and built white pine log home in the heart of Southampton. This one of a kind residence combines natural charm with modern comfort, centrally located close to schools, shopping, golf, and the beach and just minutes from Lake Huron’s world-famous sunsets. The property also features an impressive 930 sq. ft. detached garage, perfect for a workshop, RV (with RV outlet), classic car storage, or a home-based business. Step inside this well maintained, carpet free home and enjoy the warmth of a two-sided gas fireplace shared between the chalet-style living room with soaring ceilings and the main-floor primary bedroom, which features a walk-in closet, ensuite privilege with jacuzzi tub, and laundry area. The kitchen offers ample cabinetry, an island with breakfast bar, and a seamless flow to the dining area with walkout to a covered porch and natural gas BBQ hookup. The upper loft, which could be a 3rd bedroom provides spectacular sunset views and star gazing, another bedroom and full bathroom complete the upper level and offer privacy for family or guests. The partially finished basement features drywall, a cold room, and a rough-in for a bathroom, ready for your finishing touches. Neutral interior paint (2021), exterior wood painted (2022), foundation painted (2024). In addition to the amazing detached garage, enjoy a large, partly fenced backyard with raised garden beds, landscaping with pond, sandy area, firepit, garden shed, and ample parking. Whether you enjoy hiking, biking, swimming, boating, fishing, golfing, skiing, or gardening, this home places you at the centre of it all. A rare opportunity to own a truly unique property in one of Ontario’s most desirable communities.

New property listed in 550 - Elmira, 5 - Woolwich and Wellesley Township

Wed, 01 Apr 2026 10:05:24 GMT

We have listed a new property at 176 Snyder Avenue N in Elmira. See details here

Move-in ready and beautifully finished, this 3 bedroom, 3 bathroom Claysam Homes property is located in great Elmira neighbourhood, walking distance to Riverside Public School and scenic trails. Step inside to a welcoming foyer featuring a warm accent wall and plenty of space for guests and storage. The bright open-concept kitchen and living area overlook the private fenced backyard, creating a perfect space for everyday living and entertaining. The kitchen features quartz countertops, stainless steel appliances, modern backsplash, ample cabinetry and a spacious island ideal for meal prep and casual dining. The adjoining living room offers a stylish feature wall, sleek electric fireplace and custom live-edge built-in shelves, creating a warm and contemporary gathering space. Large windows and an oversized patio door lead to the private, fenced backyard featuring a gorgeous stamped concrete patio, perfect for outdoor dining or relaxing on summer evenings, and a newer shed. Main floor laundry and a 2pc powder room complete the main floor. Upstairs, a versatile family room provides excellent flex space for busy families. The upper level also includes two additional good sized bedrooms and a spacious primary suite with walk-in closet and 4-piece ensuite. The 4 pc. main bathroom completes this level. The unspoiled basement offers excellent storage and the opportunity to create additional living space tailored to your needs. A double garage and double driveway provided ample parking. Easy access to all Elmira has to offer, shopping, schools, rec centre, parks, splash pad and trails. A wonderful opportunity to own a modern family home in a fantastic community.

New HST Rebate for Ontario Homes Could Save Buyers Up to $130,000

Wed, 25 Mar 2026 21:52:16 GMT

Buying a brand new house often comes with questions, especially when it comes to costs. One of the biggest factors has always been HST, and that is where a recent update may change the conversation for many buyers.

In this video, I walk through a recent update to the HST rebate on new home construction and what it could mean for buyers considering a brand new home.

What Has Changed

The HST rebate on new home construction has been expanded for a limited time.
This expanded rebate now applies to all buyers, not only first-time buyers.
The goal is to help reduce upfront costs and improve affordability for those entering the market.

How The Rebate Works

On homes priced around $1,000,000, buyers may recover the full HST amount through the rebate.
The maximum rebate is approximately $130,000.
That maximum can still apply on homes up to about $1,500,000.
Above that price, the rebate is reduced as the purchase price increases.

One important point to understand is that while you may hear that HST is removed on lower price points, the same level of savings does not carry all the way through higher price ranges. The rebate is capped and gradually reduced

More information is still coming, and we’ll be keeping a close eye on how this actually plays out.

Open House. Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Tue, 24 Mar 2026 09:59:38 GMT

Please visit our Open House at 176 Snyder Avenue N in Elmira. See details here

Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Why Every Homeowner Needs Trusted Service Professionals | Waterloo Region Homeowners

Mon, 16 Mar 2026 22:04:59 GMT

Owning a home comes with questions. Sometimes it is a repair, sometimes it is a quote from a technician, and sometimes you simply want to know whether something is truly a problem or not.

In this video, I talk about something many homeowners discover after moving in. When an unexpected issue comes up, knowing who to call can make the situation far less stressful.

Why Having Trusted Service Professionals Matters

Home systems like furnaces, water heaters, and appliances sometimes need attention.
Quotes or recommendations can vary depending on who you speak with.
Having a reliable professional you trust helps you make decisions with more confidence.

A Network Can Make Homeownership Easier

Over the years we have built relationships with local technicians, contractors, and service providers.
These are people who have taken good care of our clients and earned a reputation for solid work.
When something unexpected comes up, having a recommendation can save time and reduce uncertainty.

One of the things Melanie and I enjoy most about working with homeowners across Waterloo Region is staying connected long after the move. Real estate is not only about buying and selling homes. It is also about helping people navigate the responsibilities that come with owning one.

If you ever need a recommendation for a reputable local service provider, feel free to reach out. We are always happy to help connect you with the right people.

Watch the full video above, and connect with us anytime if you would like guidance around homeownership or your next move in Waterloo Region.

New property listed in 550 - Elmira, 5 - Woolwich and Wellesley Township

Fri, 13 Mar 2026 09:47:11 GMT

We have listed a new property at 176 Snyder Avenue N in Elmira. See details here

Open House. Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Fri, 13 Mar 2026 09:47:11 GMT

Please visit our Open House at 176 Snyder Avenue N in Elmira. See details here

Open House on Sunday, March 15, 2026 2:00PM - 4:00PM

Buying a home in Late Winter - Early Spring

Fri, 06 Mar 2026 17:27:24 GMT

As winter begins to shift into spring, many buyers start to re-enter the housing market. While the snow may still be melting, this time of year can actually offer some helpful insights when viewing homes.

Late winter and early spring allow buyers to observe how a property responds to seasonal changes. Melting snow, changing temperatures, and thawing ground can reveal small details that are not always visible during other times of the year.

In our latest video, I highlight three simple things buyers may want to notice when viewing homes as winter transitions into spring. These observations can provide useful context when considering a property.

Watch Where Melting Snow and Water Go

As temperatures rise, melting snow can show how water naturally moves around the property.
Buyers may notice where water flows near driveways, yards, and foundations.
This can offer helpful clues about how the property handles seasonal changes.

Observe the Roof as Snow Begins to Clear

Snow often melts at different speeds depending on sunlight, roof design, and insulation.
Watching how snow clears from a roof can give buyers additional context during colder months.
These observations can simply help buyers better understand the home.

Pay Attention to the Basement and Lower Level

Seasonal thaw naturally brings more moisture into the environment.
This can be a useful time to notice how the basement or lower level feels during the transition.
A comfortable and dry space during this time of year can provide reassurance moving forward.

If you are planning a move this year, late winter and early spring can be a great time to begin your search and gain a clearer perspective on the homes you visit.

Together with Melanie, we would be happy to help you take the next step whenever you are ready.

Waterloo Region Market Statistics for February 2026

Thu, 05 Mar 2026 22:09:04 GMT

📊 Waterloo Region Real Estate Update – February 2026

As of March 4, 2026: February continued the trend toward a more balanced real estate market across Waterloo Region. Inventory levels remain higher than the past few years, buyers are taking a little more time to make decisions, and pricing has adjusted slightly compared to last year. Here’s a quick look at what stood out this month:

🏠 348 homes sold
📋 742 new listings came to market
💰 Average price: $726,956 (down 5.4% year over year)
⏱️ Average days on market: 37

Single-family homes saw 208 sales in February, with an average price of $866,616, down 5.4% compared to this time last year. Months of supply for detached homes sits at 1.9 months, which still reflects relatively tight inventory in this segment.

Looking at other property types, 18 semi-detached homes sold with an average price of $596,301. Condominiums recorded 44 sales with an average price of $411,009, while 77 townhomes sold at an average price of $570,178. Buyers in these segments are seeing slightly more selection and time to make decisions than in previous years.

Overall, the Waterloo Region housing market continues to move toward balance. With sales activity softer compared to last year and inventory levels gradually adjusting, both buyers and sellers are navigating a market that is becoming more stable heading toward the spring season.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

New property listed in 313 - Downtown Kitchener/West Ward, 3 - Kitchener West

Wed, 04 Mar 2026 10:01:25 GMT

We have listed a new property at 409 104 Garment Street in Kitchener. See details here

Available May 1st. Amazing opportunity to live in this nicely appointed, downtown condo with a 530sq ft. private terrace. This 2 bed, 2 bath, 1063 sq ft unit is located in Tower 2 of the Garment Street Condos in the heart of the Innovation District. Features include luxury vinyl plank flooring throughout, cool, crisp neutral paint colours, built in closet organizers in every closet, sleek modern kitchen with island, granite countertops and beautiful backsplash. Stainless steel appliances included for tenants use. Primary bedroom has lots of natural light, double closet and 3 piece ensuite bathroom. Walkout from the living room to an enormous private terrace that wraps around the whole unit and offers a panoramic view of downtown Kitchener. A second bedroom, full bathroom, custom blinds throughout, insuite laundry and a storage room complete the unit. 1 underground parking spot and internet is also included. The building amenities include an Exercise Room, Media Room, Party Room, Roof Top Deck/Garden, Bike Storage. Walking distance to the LRT, the School of Pharmacy, GOOGLE plus much more. Beautiful Victoria Park is a short walk and hosts many community events and festivals throughout the summer. Downtown Kitchener offers great restaurants, bars, pubs, entertainment and shopping. GO and VIA are also nearby for commuting into TO. $2700/month plus hydro, 12 month lease, no smoking, no pets.

Just Sold 204 Cedarbrae Ave, Waterloo

Fri, 27 Feb 2026 18:35:00 GMT

🔥 JUST SOLD! 🔥
🏡 204 Cedarbrae Ave, Waterloo

Congrats to our amazing clients

Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage

Video Walkthrough 204 Cedarbrae Ave, Waterloo

Sat, 21 Feb 2026 22:16:48 GMT

🎥 204 Cedarbrae Avenue, Waterloo – Full 5-Minute Walkthrough

Price: $779,900
MLS® 40805661

Welcome Home 🏡✨ Beautifully maintained and thoughtfully updated, this raised bungalow offers 3+1 bedrooms and 3 full bathrooms, including a rare 3-piece ensuite in the primary bedroom. Designed for today’s evolving lifestyles, this home blends functionality, flexibility, and pride of ownership throughout.

Highlights You’ll Love

Truly stunning kitchen addition with granite countertops, modern backsplash, and abundant cabinetry 🍽️
Incredible natural light with access to the deck and yard 🌿
Spacious layout with separate dining area flowing into the living room for easy entertaining 🛋️
Primary bedroom with private 3-piece ensuite 🛏️
Fully equipped in-law suite with separate entrance and backyard walkout 🔑
Bright and inviting lower-level space seamlessly integrated into the home’s design ✨
Newer windows and updated front door 🚪
Attached garage plus driveway parking for 3–4 cars 🚗
10' x 16' pine shed for added storage 🛠️
Desirable Waterloo neighbourhood close to shopping, highways, schools, and trails 📍

This home offers an ideal blend of space, functionality, and versatility. Whether you're accommodating extended family, working from home, or simply looking for room to grow, 204 Cedarbrae delivers flexibility without compromise.

Watch the full 5-minute walkthrough above to see how the layout flows and how the lower level connects seamlessly to the main living space.

Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 | 519-498-8118
teammcneil.com

New property listed in 421 - Lakeshore/Parkdale, 4 - Waterloo West

Thu, 19 Feb 2026 09:42:15 GMT

We have listed a new property at 204 Cedarbrae Avenue in Waterloo. See details here

Welcome Home! This beautifully maintained and thoughtfully updated home is designed for today’s evolving lifestyles. 3+1 bedrooms, 3 full bathrooms, including a primary bedroom with 3 pc ensuite bath, rarely found in this style of home. Another outstanding feature is the truly stunning kitchen addition that offers an abundance of cabinetry, granite countertops, modern backsplash, access to the deck and yard and an incredible amount of natural light. The spacious layout creates a warm and functional heart of the home, perfect for both everyday living and entertaining. Just off the kitchen is a separate dining area and the living room making it easy to move between all areas. An added bonus is the fully equipped in-law suite with a separate entrance and walkout to the backyard, providing flexibility and privacy for extended family or multi-generational living. The lower-level space is bright, inviting, and seamlessly integrated into the home’s overall design. Pride of ownership is evident throughout, with numerous updates and meticulous upkeep, including newer windows and front door. Situated in a desirable Waterloo neighbourhood, this home offers the ideal blend of space, functionality, and versatility. An attached garage and 10'x16' pine shed and driveway parking for 3-4 cars complete the home. Easy access to shopping, highways, schools and trails. A must see!

Open House. Open House on Saturday, February 21, 2026 2:00PM - 4:00PM

Thu, 19 Feb 2026 09:42:15 GMT

Please visit our Open House at 204 Cedarbrae Avenue in Waterloo. See details here

Open House on Saturday, February 21, 2026 2:00PM - 4:00PM

Waterloo Region Market Statistics for January 2026

Wed, 11 Feb 2026 19:50:25 GMT

📊 Waterloo Region Real Estate Update – January 2026

January kicked off 2026 with a more balanced feel across the Waterloo Region real estate market. Inventory is building, buyers have more choice, and pricing has softened slightly compared to last year. Here’s a quick look at what stood out:

🏠 260 homes sold
📋 745 new listings hit the market
💰 Average price: $730,903 (down 3.2% year over year)
⏱️ Average days on market: 45

Single-family homes saw 161 sales in January, with an average price of $854,266, down 3.2% year over year. Months of supply rose to 1.8 months, up 20% compared to last year. While inventory is increasing, we are still not in oversupply territory.

For condos, townhomes, and semis combined, 99 properties sold at an average price of $530,282, down 9.6% year over year. Months of supply in this segment is now 3.6 months, up 9.1%, giving buyers more breathing room than we’ve seen in recent years.

Overall, we are seeing a market that is stabilizing. Buyers are taking more time, and sellers need to be strategic with pricing and presentation. This shift is creating a healthier environment heading into the spring market.

https://cornerstone.inc/waterloo-region-housing-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

New property listed in 311 - Downtown/Rockway/S. Ward, 3 - Kitchener West

Tue, 03 Feb 2026 09:57:59 GMT

We have listed a new property at 308 555 King Street E in Kitchener. See details here

Immediate occupancy available! Enjoy downtown living at the Betzner Brownstones. This multi level unit features 2 bedrooms, 2 bathrooms, hardwood floors, insuite laundy, carpet free throughout, and a loft like primary bedroom open to lower level with huge windows. This modern, well kept urban brownstone is perfect for young executives, it is steps to the LRT and walking distance to the Kitchener Market. Easy access to downtown, the Innovation District and highways as well. No smoking. No pets (preferred). Included for tenants use fridge, stove, dishwasher, microwave and washer & dryer. Utilities not included. One outdoor parking space included. REALTOR®:

Just Sold 560 Wilmot LIne, Waterloo

Thu, 29 Jan 2026 18:07:00 GMT

🔥 JUST SOLD! 🔥
🏡 560 Wilmot Line, Waterloo

Congratulations to both the seller and the buyer.
The market can be challenging, and we appreciate our client’s patience and trust throughout the process.

Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage

2026 New Rules for CO Detectors in Ontario

Fri, 09 Jan 2026 20:32:26 GMT

Home safety rules do not always make headlines, but some changes are important to pause and take note of. As of January 1, 2026, Ontario updated its Fire Code to expand where carbon monoxide detectors are required in homes.

In this video, I walk through what has changed, who it applies to, and why it matters for homeowners, buyers, and sellers across Ontario. Here are the key takeaways:

What Has Changed Under the New Rules

Carbon monoxide detectors are now required on every level of the home, not just near sleeping areas.
This applies to homes with a fuel-burning appliance, a fireplace, or an attached garage.
The rules are already in effect as of January 1, 2026.

Which Homes Are Affected

Detached homes, semi-detached homes, townhouses, and cottages.
Condominium units where a fuel-burning appliance, fireplace, or attached garage is present.
In apartment and condominium buildings, public corridor requirements are handled by building management.

Carbon monoxide is colourless and odourless, which is why these updates focus on earlier warnings and safer exits. For many homeowners, this may simply mean checking existing alarms or adding an additional unit on another floor.

For full details, you can review the official Ontario government guidance here:
Ontario Carbon Monoxide Alarm Requirements (PDF)

Home safety is something Melanie and I always keep an eye on, especially when rules change quietly in the background. If you have questions about how these requirements apply to your home or a property you are considering buying or selling, feel free to reach out anytime.

Watch the full video above, and connect with us if you would like guidance or clarity around your next move in Waterloo Region.

Waterloo Region Market Statistics for December 2025

Thu, 08 Jan 2026 19:09:08 GMT

📊 Waterloo Region Real Estate Update – December 2025

December wrapped up 2025 with a slower pace in the Waterloo Region real estate market, but the bigger story is how much conditions have shifted compared to this time last year. Here’s a quick look at what stood out in December:

🏠 306 homes sold — down 9.5% from last year
📈 Inventory up nearly 16% with 2.3 months of supply
💰 Average price: $716,911 (down 5.9% YOY, up 0.5% month-over-month)
⏱️ Average days on market: 45

Compared to December 2024, there are more homes to choose from, fewer sales, and longer selling times. That combination has shifted leverage toward buyers and created a more balanced environment than we’ve seen in recent years.

Looking at the full year, 2025 finished with fewer sales, higher inventory, and softer prices across most property types. For buyers who have been waiting for conditions to ease, this market is offering more time, more choice, and more clarity heading into 2026.

If you’re considering a move, Melanie and I are always here to walk through the numbers with you and help you understand what this market means for your next step.

https://wrar.ca/waterloo-region-housing-market-ends-2025-with-rising-inventory-and-declining-sales/

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Should You Buy Your First Home in the Winter? A Quick Yes-or-No Guide

Mon, 08 Dec 2025 16:32:19 GMT

For many first-time buyers, winter feels like a challenging season to shop for a home. Snow, cold weather, and shorter days can make the process seem overwhelming. The truth is that winter can be a great time to buy, depending on your goals and what kind of experience you want.

In our latest video, I share a simple yes-or-no guide to help you decide whether winter is the right moment to begin your search. Here are a few highlights from the video:

When Winter Works in Your Favour

Less competition means you may have more breathing room during negotiations.
Cold weather reveals how well a home performs. Drafts, insulation issues, and heating quality are easier to notice.
Some sellers are motivated heading into the new year, which can create opportunities for buyers.

When Waiting for Spring Might Make Sense

Winter inventory is often lighter, which can limit your ability to compare different neighbourhoods and home styles.
Snow can hide important exterior features like roofs, decks, grading, and yard layouts.
Neighbourhoods feel very different in spring and summer. Some buyers prefer to experience the area without snow or ice.

Every buyer’s situation is unique, and winter buying can work very well when you know what to look for. If you are considering a move this season, Melanie and I would be happy to walk you through your options and help you feel confident and prepared.

Watch the full video above, and reach out any time if you would like support with your first home purchase in Waterloo Region.

Waterloo Region Market Statistics for November 2025

Fri, 05 Dec 2025 20:48:00 GMT

📊 Waterloo Region Real Estate Update – November 2025

November brought another month of cooling in the Waterloo Region real estate market, creating more space for buyers who have been waiting for better conditions. Here’s a quick look at what shifted last month:

🏠 465 homes sold — down 14.8% from last year
📈 Inventory up 15.6% and 3.4 months of supply
💰 Average price: $713,751 (down 5.4% YOY)
⏱️ Average days on market: 39

More inventory and longer selling times are giving buyers time to breathe, compare options, and negotiate with confidence. Detached, condo, townhouse, and semi prices all adjusted in different ways, but the overall trend shows a market that is still finding its balance.

If you’re considering a move, Melanie and I are always here to walk through the numbers with you and help you understand what this market means for your next step.

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

Winterizing your house

Mon, 01 Dec 2025 13:58:13 GMT

When the temperature starts to dip, it’s a good reminder to get your home ready for the colder months ahead. A few simple steps can make a big difference in how your home performs through the winter, especially here in Waterloo Region where the weather can shift quickly.

Checking for drafts around windows and doors is a great place to start. If you feel cold air slipping through, adding fresh weather stripping or a small bead of caulking can help keep the warm air in and the cold air out.

It’s also a good time to swap out your furnace filter. Clean filters help your system run more efficiently, and a quick service appointment helps make sure you’re not dealing with surprises on the first really cold day.

Outside the home, disconnect and store your hoses. Make sure your exterior water lines are shut off so they don’t freeze. Clearing your gutters is another simple step that helps melting snow drain properly as winter sets in.

And if you have a pressure washer or other equipment that shouldn’t sit in a shed or cold detached garage, move it into a warmer storage spot to avoid damage.

Taking care of these small tasks helps protect your home and keeps things running smoothly all season long.

If a winter move is on your mind, reach out anytime. I’m Warren McNeil with Peak Realty Ltd., and together with Melanie, we help buyers and sellers navigate each step with ease across Waterloo Region.

Just Sold 482 Wellington St N

Sun, 30 Nov 2025 13:14:53 GMT

🔥 JUST SOLD! 🔥
🏡 482 Wellington St, Kitchener

Congratulations to both the seller and the buyer.
The market can be challenging, and we appreciate our client’s patience and trust throughout the process.

Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage

What happens after offer acceptance?

Tue, 25 Nov 2025 17:33:32 GMT

Your offer is accepted. Now what?

This is the stage where a few small missteps can cause big headaches.

Here are the key things to avoid:

• Major financial changes

• Missing deadlines

• Skipping inspections or status reviews

• Oversharing with the seller or listing agent

• Assuming the deal is firm before conditions are wrapped up

Staying steady during this period helps keep everything on track for closing day.

Buying in Waterloo Region and want clarity at every step? We are here to help.