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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 · 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.

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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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📊 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.

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, 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
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.
Property Type Performance
Single-Detached
361
units sold
$851,674
▼ 6.6% YOY
3.2 months supply  ·  ▼ 5.9%
Semi-Detached
41
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
53
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
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