Waterloo Region Association of REALTORS
Real Estate Board — Market Data & Trends
Overview
The composite benchmark price for Waterloo Region Association of REALTORS was $633,300 in July 2026.
Across the 3 months on record — May 2026 to July 2026 — the benchmark fell 2.4%, from $649,200 to $633,300.
The high over that window was $649,200 in May 2026; the benchmark now sits 2.4% below it.
Inventory stands at 3.9 months of supply, which the board's own thresholds classify as a sellers' market.
These are figures published by Waterloo Region Association of REALTORS. The period-over-period comparisons above — the change over the window and the high and the low — are arithmetic compiled by this publication from 3 monthly releases, May 2026 through July 2026.
Board Report
Key Takeaways
July 2026- In Kitchener-Waterloo, the MLS® Home Price Index (HPI) was $633,300 in July 2026, a decrease of 1.3% month-over-month and a 5.5 % decline on a year-over-year basis.
- In Cambridge, the HPI was $662,100, which was a 1.3% decrease month-over-month and a drop of 6.3% on a year-over-year basis.
- The supply of inventory across the market decreased by 9.4% on a year-over-year basis, and there was a 3.9-month supply of all property types by the end of July, which was 4.9% lower than in July 2025.
Source: Waterloo Region Association of REALTORS
At 3.9 months of inventory, demand outpaces supply. Well-priced properties sell quickly, and sellers generally have the advantage in negotiations. Buyers should be prepared to act decisively.
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.
“Sales activity in Waterloo Region was sluggish in July, down 12.2% month-over-month and 10.0% compared to the same period last year. New listings also pulled back significantly, down 14.3% on a year-over-year basis; however, they were in line with the previous ten-year average for the month,” said Bill Duce, CEO of Cornerstone. “At 3.9 months, Waterloo Region had the lowest months of supply across our market areas, but inventory remained well above the 10-year July average of 1.92 months. This means buyers had more choice than is typical for this time of year, even as new listings moderated. The MLS® Home Price declined moderately across the region, as well as the average sale price, which was down 3.8% year-over-year. Whether you’re buying or selling, Waterloo Region has distinct communities that each tell their own story, and partnering with a local REALTOR® is an important first step to help you make an informed decision.”
Waterloo Region Area Highlights:
Waterloo Region home sales decreased 12.2% month-over-month.
The number of newly listed properties decreased by 17.5% on a month-over-month basis.
In Kitchener-Waterloo, the MLS® Home Price Index (HPI) was $633,300 in July 2026, a decrease of 1.3% month-over-month and a 5.5 % decline on a year-over-year basis. In Cambridge, the HPI was $662,100, which was a 1.3% decrease month-over-month and a drop of 6.3% on a year-over-year basis.
The supply of inventory across the market decreased by 9.4% on a year-over-year basis, and there was a 3.9-month supply of all property types by the end of July, which was 4.9% lower than in July 2025.
For more information https://cornerstone.inc/housing-market-statistics/
Market Balance
Months of Inventory
With only 3.9 months of inventory, the market is supply-constrained. Buyers should be prepared for competition, and sellers can expect strong interest.
Source: Waterloo Region Association of REALTORS via CREA MLS
Period: July 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.