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๐Ÿ“Š Waterloo Region Real Estate Update โ€“ 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:

  • ๐Ÿ  481 homes sold (down 18.9% from July)
  • ๐Ÿ“‹ 885 new listings came to market (down 24.5% from July)
  • ๐Ÿ’ฐ Average price for all residential real estate: $722,683 (down 1.0% year over year)
  • โฑ๏ธ 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, REALTORSยฎ
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
โ–ผ 1.0% year over year
Days on Market
36
โ–ฒ 12.5% year over year
New Listings
885
โ–ผ 14.8% year over year
โ–ผ 24.5% vs July
MLS Sales
481
โ–ผ 10.9% year over year
โ–ผ 18.9% vs July
Months of Inventory
3.5
โ–ผ 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
โ–ผ 2.2% YoY
2.8 months of inventory  โ–ผ 3.4%
Semi-Detached
30
homes sold
$574,590
โ–ผ 7.1% YoY
1.9 months of inventory  โ–ผ 5.0%
Townhome
76
homes sold
$543,171
โ–ผ 8.9% YoY
4.1 months of inventory  โ–ผ 4.7%
Condo
49
units sold
$393,083
โ–ผ 9.3% YoY
7.3 months of inventory  โ–ฒ 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, REALTORSยฎ
Peak Realty Ltd., Brokerage
519-590-3767  |  teammcneil.com
Source: Cornerstone Association of REALTORS. As of September 4, 2026.

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

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+++!

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

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

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+++!

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

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.

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

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!

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

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

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.

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

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

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.

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๐Ÿ“Š Waterloo Region Real Estate Update โ€“ 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:

  • ๐Ÿ  662 homes sold (up 4.3% from May)
  • ๐Ÿ“‹ 1,407 new listings came to market
  • ๐Ÿ’ฐ Average price for all residential real estate: $729,650 (down 6.4% year over year)
  • โฑ๏ธ 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.

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-stats/

Waterloo Region
Melanie & Warren McNeil, REALTORSยฎ
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
โ–ผ 6.4% year over year
Days on Market
27
Unchanged year over year
Hold-offer: <2 wks  |  Traditional: 45-60 days
New Listings
1,407
โ–ผ 7.6% year over year
MLS Sales
662
โ–ผ 2.9% year over year
โ–ฒ 4.3% vs May
Months of Inventory
4.1
โ–ผ 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
โ–ผ 7.4% YoY
3.3 months of inventory  โ–ผ 5.7%
Semi-Detached
48
homes sold
$591,692
โ–ผ 8.8% YoY
1.7 months of inventory  โ–ผ 37.0%
Townhome
105
homes sold
$567,854
โ–ผ 9.2% YoY
4.9 months of inventory  โ–ฒ 14.0%
Condo
68
units sold
$395,391
โ–ผ 9.0% YoY
8.8 months of inventory  โ–ฒ 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, REALTORSยฎ
Peak Realty Ltd., Brokerage
519-590-3767  |  teammcneil.com
Source: Cornerstone Association of REALTORS. As of June 2, 2026.

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

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.

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

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.

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Bank of Canada ยท June 10, 2026

Rate Held at 2.25% โ€” What It Means for Waterloo Region

The Bank of Canada held its overnight rate at 2.25% on June 10, 2026 โ€” 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.

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

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!

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