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Open House. Open House on Sunday, May 3, 2026 2:00PM - 4:00PM

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.

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Melanie & Warren McNeil  ·  Peak Realty Ltd.
Waterloo Region Real Estate: March 2026 Market Update
Average residential sale prices continue a period of correction across all major housing categories, while sales volume and new listings show strong spring momentum month-over-month.
Core Market Indicators
Avg. Residential Sale Price
$733,258
▼ 4.4% year over year
All residential property types
Avg. Days on Market
30
▲ 11.1% year over year
Homes taking a little longer than last year
New Residential Listings
1,082
▼ 11.2% year over year
▲ 44.8% vs February  ·  spring pickup
MLS Sales
492
▲ 5.4% year over year
▲ 39.4% vs February  ·  strong buyer activity
Months of Supply  ·  All Types
2.9
▼ 6.5% year over year
Balanced market
Market Context
Sales up strongly month-over-month as spring market gains traction. Prices still correcting year-over-year across all property types, with condos seeing the sharpest decline. Inventory remains relatively constrained.
Property Type Performance
Single-Detached
311
units sold
$858,919
▼ 6.7% YOY
2.1 months supply  ·  ▼ 4.5%
Semi-Detached
36
units sold
$649,764
▼ 2.0% YOY
1.0 months supply  ·  ▼ 37.5%
Townhome
79
units sold
$569,213
▼ 7.6% YOY
3.5 months supply  ·  ▼ 14.6%
Condo
66
units sold
$383,029
▼ 17.2% YOY
7.2 months supply  ·  ▲ 4.3%
Unit Volume and Price Shifts
Property Type Units Sold Avg. Sale Price Price Change Months Supply
Single-Detached 311 $858,919 -6.7% 2.1
Semi-Detached 36 $649,764 -2.0% 1.0
Townhome 79 $569,213 -7.6% 3.5
Condo 66 $383,029 -17.2% 7.2
Melanie & Warren McNeil, REALTORS®  ·  Peak Realty Ltd., Brokerage  ·  519-590-3767  ·  teammcneil.com
Source: Cornerstone Association of REALTORS®  ·  as of April 6, 2026

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Open House. Open House on Saturday, April 18, 2026 2:00PM - 4:00PM

Please visit our Open House at 120 Lorraine Avenue in Kitchener. See details here

Open House on Saturday, April 18, 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.

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New property listed in 421 - Lakeshore/Parkdale, 4 - Waterloo West

We have listed a new property at B 235 Cedarbrae Avenue in Waterloo. See details here

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.

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Open House. Open House on Sunday, April 19, 2026 2:00PM - 4:00PM

Please visit our Open House at B 235 Cedarbrae Avenue in Waterloo. See details here

Open House on Sunday, April 19, 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.

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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 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.

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📊 Waterloo Region Real Estate Update – March 2026

As of April 6, 2026: March showed a clear shift into spring market momentum across Waterloo Region. Both sales and new listings increased significantly compared to February, while pricing remained relatively stable overall. Here’s a quick look at what stood out this month:

  • 🏠 492 homes sold
  • 📋 1,082 new listings came to market
  • 💰 Average price: $733,258 (down 4.4% year over year)
  • ⏱️ Average days on market: 30

Single-family homes saw 311 sales in March, with an average price of $858,919, down 6.7% compared to last year. Months of supply sits at 2.1 months, which continues to reflect relatively tight conditions in the detached segment despite the increase in overall activity.

Looking at other property types, 36 semi-detached homes sold with an average price of $649,764. Condominiums recorded 66 sales with an average price of $383,029, while 79 townhomes sold at an average price of $569,213. Buyers in these segments are seeing more choice, although conditions can vary depending on the property type and location.

Overall, the Waterloo Region housing market is gaining momentum heading into the spring season. With both listings and sales rising month-over-month and inventory levels remaining relatively balanced, we are seeing a more active but still stable market environment.

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.

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

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New property listed in Saugeen Shores, 4 - Saugeen Shores

We have listed a new property at 171 Gosford Street in Southampton. See details here

Stunning custom-designed and built white pine log home in the heart of Southampton. This one of a kind residence combines natural charm with modern comfort, centrally located close to schools, shopping, golf, and the beach and just minutes from Lake Huron’s world-famous sunsets. The property also features an impressive 930 sq. ft. detached garage, perfect for a workshop, RV (with RV outlet), classic car storage, or a home-based business. Step inside this well maintained, carpet free home and enjoy the warmth of a two-sided gas fireplace shared between the chalet-style living room with soaring ceilings and the main-floor primary bedroom, which features a walk-in closet, ensuite privilege with jacuzzi tub, and laundry area. The kitchen offers ample cabinetry, an island with breakfast bar, and a seamless flow to the dining area with walkout to a covered porch and natural gas BBQ hookup. The upper loft, which could be a 3rd bedroom provides spectacular sunset views and star gazing, another bedroom and full bathroom complete the upper level and offer privacy for family or guests. The partially finished basement features drywall, a cold room, and a rough-in for a bathroom, ready for your finishing touches. Neutral interior paint (2021), exterior wood painted (2022), foundation painted (2024). In addition to the amazing detached garage, enjoy a large, partly fenced backyard with raised garden beds, landscaping with pond, sandy area, firepit, garden shed, and ample parking. Whether you enjoy hiking, biking, swimming, boating, fishing, golfing, skiing, or gardening, this home places you at the centre of it all. A rare opportunity to own a truly unique property in one of Ontario’s most desirable communities.

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

We have listed a new property at 176 Snyder Avenue N in Elmira. See details here

Move-in ready and beautifully finished, this 3 bedroom, 3 bathroom Claysam Homes property is located in great Elmira neighbourhood, walking distance to Riverside Public School and scenic trails. Step inside to a welcoming foyer featuring a warm accent wall and plenty of space for guests and storage. The bright open-concept kitchen and living area overlook the private fenced backyard, creating a perfect space for everyday living and entertaining. The kitchen features quartz countertops, stainless steel appliances, modern backsplash, ample cabinetry and a spacious island ideal for meal prep and casual dining. The adjoining living room offers a stylish feature wall, sleek electric fireplace and custom live-edge built-in shelves, creating a warm and contemporary gathering space. Large windows and an oversized patio door lead to the private, fenced backyard featuring a gorgeous stamped concrete patio, perfect for outdoor dining or relaxing on summer evenings, and a newer shed. Main floor laundry and a 2pc powder room complete the main floor. Upstairs, a versatile family room provides excellent flex space for busy families. The upper level also includes two additional good sized bedrooms and a spacious primary suite with walk-in closet and 4-piece ensuite. The 4 pc. main bathroom completes this level. The unspoiled basement offers excellent storage and the opportunity to create additional living space tailored to your needs. A double garage and double driveway provided ample parking. Easy access to all Elmira has to offer, shopping, schools, rec centre, parks, splash pad and trails. A wonderful opportunity to own a modern family home in a fantastic community.

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Buying a brand new house often comes with questions, especially when it comes to costs. One of the biggest factors has always been HST, and that is where a recent update may change the conversation for many buyers.

In this video, I walk through a recent update to the HST rebate on new home construction and what it could mean for buyers considering a brand new home.

What Has Changed

  • The HST rebate on new home construction has been expanded for a limited time.
  • This expanded rebate now applies to all buyers, not only first-time buyers.
  • The goal is to help reduce upfront costs and improve affordability for those entering the market.

How The Rebate Works

  • On homes priced around $1,000,000, buyers may recover the full HST amount through the rebate.
  • The maximum rebate is approximately $130,000.
  • That maximum can still apply on homes up to about $1,500,000.
  • Above that price, the rebate is reduced as the purchase price increases.

One important point to understand is that while you may hear that HST is removed on lower price points, the same level of savings does not carry all the way through higher price ranges. The rebate is capped and gradually reduced

More information is still coming, and we’ll be keeping a close eye on how this actually plays out.

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Open House. Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Please visit our Open House at 176 Snyder Avenue N in Elmira. See details here

Open House on Saturday, March 28, 2026 2:00PM - 4:00PM

Move-in ready and beautifully finished, this 3 bedroom, 3 bathroom Claysam Homes property is located in great Elmira neighbourhood, walking distance to Riverside Public School and scenic trails. Step inside to a welcoming foyer featuring a warm accent wall and plenty of space for guests and storage. The bright open-concept kitchen and living area overlook the private fenced backyard, creating a perfect space for everyday living and entertaining. The kitchen features quartz countertops, stainless steel appliances, modern backsplash, ample cabinetry and a spacious island ideal for meal prep and casual dining. The adjoining living room offers a stylish feature wall, sleek electric fireplace and custom live-edge built-in shelves, creating a warm and contemporary gathering space. Large windows and an oversized patio door lead to the private, fenced backyard featuring a gorgeous stamped concrete patio, perfect for outdoor dining or relaxing on summer evenings, and a newer shed. Main floor laundry and a 2pc powder room complete the main floor. Upstairs, a versatile family room provides excellent flex space for busy families. The upper level also includes two additional good sized bedrooms and a spacious primary suite with walk-in closet and 4-piece ensuite. The 4 pc. main bathroom completes this level. The unspoiled basement offers excellent storage and the opportunity to create additional living space tailored to your needs. A double garage and double driveway provided ample parking. Easy access to all Elmira has to offer, shopping, schools, rec centre, parks, splash pad and trails. A wonderful opportunity to own a modern family home in a fantastic community.

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Owning a home comes with questions. Sometimes it is a repair, sometimes it is a quote from a technician, and sometimes you simply want to know whether something is truly a problem or not.

In this video, I talk about something many homeowners discover after moving in. When an unexpected issue comes up, knowing who to call can make the situation far less stressful.

Why Having Trusted Service Professionals Matters

  • Home systems like furnaces, water heaters, and appliances sometimes need attention.
  • Quotes or recommendations can vary depending on who you speak with.
  • Having a reliable professional you trust helps you make decisions with more confidence.

A Network Can Make Homeownership Easier

  • Over the years we have built relationships with local technicians, contractors, and service providers.
  • These are people who have taken good care of our clients and earned a reputation for solid work.
  • When something unexpected comes up, having a recommendation can save time and reduce uncertainty.

One of the things Melanie and I enjoy most about working with homeowners across Waterloo Region is staying connected long after the move. Real estate is not only about buying and selling homes. It is also about helping people navigate the responsibilities that come with owning one.

If you ever need a recommendation for a reputable local service provider, feel free to reach out. We are always happy to help connect you with the right people.

Watch the full video above, and connect with us anytime if you would like guidance around homeownership or your next move in Waterloo Region.

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