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Just Sold 560 Wilmot Line, Waterloo

๐Ÿ”ฅ JUST SOLD! ๐Ÿ”ฅ
๐Ÿก 560 Wilmot Line, Waterloo

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

Melanie & Warren McNeil, REALTORSยฎ
Peak Realty Ltd., Brokerage

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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.

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๐Ÿ“Š Waterloo Region Real Estate Update โ€“ 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. Hereโ€™s a quick look at what stood out in December:

  • ๐Ÿ  306 homes sold โ€” down 9.5% from last year
  • ๐Ÿ“ˆ Inventory up nearly 16% with 2.3 months of supply
  • ๐Ÿ’ฐ Average price: $716,911 (down 5.9% YOY, up 0.5% month-over-month)
  • โฑ๏ธ 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 weโ€™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 youโ€™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, REALTORSยฎ
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118

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