Waterloo Region Association of REALTORS
Real Estate Board — Market Data & Trends
Overview
Board Report
Key Takeaways
June 2026- Both Kitchener and Waterloo posted double-digit declines; meanwhile, Cambridge boasted a 15.2 per cent increase in sales year-over-year,” said Bill Duce, CEO of Cornerstone.
- In Kitchener-Waterloo, the MLS® Home Price Index (HPI) was $642,000 in May 2026, a decrease of 1.1% month-over-month and a 5.5 % decline on a year-over-year basis.
- In Cambridge, the HPI was $671,000, which was a 0.8% decrease month-over-month and a drop of 6.6% on a year-over-year basis.
- The supply of inventory across the market increased 1.2% on a year-over-year basis, and there was a 4.1-month supply of all property types by the end of June, which was 2.4% lower than in June 2025.
Source: Waterloo Region Association of REALTORS
With 4.1 months of inventory, the market is near equilibrium with a slight tilt toward sellers. Properties sell within a reasonable timeframe, and pricing is competitive but not extreme.
Waterloo Region Association of REALTORS Narrative
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
“While sales activity in Waterloo Region picked up in June compared with the previous month, year-over-year figures show a 2.9 per cent dip, marking the slowest June on record, just nine sales short of June 2024. Both Kitchener and Waterloo posted double-digit declines; meanwhile, Cambridge boasted a 15.2 per cent increase in sales year-over-year,” said Bill Duce, CEO of Cornerstone. “The number of new listings added to the market remains lower than last year, reducing months of supply in all areas except Kitchener. Waterloo Region continues to have the tightest market conditions compared with our other regions, highlighting why using a local REALTOR® is beneficial for both buyers and sellers as they navigate the local market.”
Waterloo Region Area Highlights:
Waterloo Region home sales increased 4.3% month-over-month.
The number of newly listed properties decreased by 4.0% on a month-over-month basis.
In Kitchener-Waterloo, the MLS® Home Price Index (HPI) was $642,000 in May 2026, a decrease of 1.1% month-over-month and a 5.5 % decline on a year-over-year basis. In Cambridge, the HPI was $671,000, which was a 0.8% decrease month-over-month and a drop of 6.6% on a year-over-year basis.
The supply of inventory across the market increased 1.2% on a year-over-year basis, and there was a 4.1-month supply of all property types by the end of June, which was 2.4% lower than in June 2025.
For more information https://cornerstone.inc/housing-market-statistics/
Market Balance
Months of Inventory
At 4.1 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Source: Waterloo Region Association of REALTORS via CREA MLS
Period: June 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.