📊 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.

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.

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

🎥 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

📊 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.

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.

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

📊 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.

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

📊 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