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.
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
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.
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.
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!
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.
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.
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
24
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.
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.
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.
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.
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.
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.
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.
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
25
▲ 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.
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.
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.
