Cornwall and District Real Estate Board Reports Balanced Market Conditions for August 2026

Cornwall and District Real Estate Board — August 2026

In August 2026, the Cornwall and District Real Estate Board reported 242 homes sold at an average price of $478,008. This reflects a 16% decline in sales compared to August 2025, while new listings increased slightly to 463.

Market Analysis

The real estate market in Cornwall and District remains balanced as of August 2026, with a months of inventory figure of 5.3, up from 4.3 in July 2026. The total number of active listings stands at 1,286, marking a significant increase of 21.9% from the previous year. Despite the increase in inventory, sales activity has slowed, with home sales down 16% year-over-year and 9.8% below the five-year average for the month. This trend suggests that while buyers have more options, they are exercising caution in their purchasing decisions.

Property Type Analysis

Data on specific property types, including detached, attached/townhouses, and apartments, is currently unavailable for August 2026. However, the overall market dynamics indicate that the increase in active listings may provide a wider selection for buyers across various property types, potentially leading to more competitive pricing as sellers adjust to the current market conditions.

Regional Highlights

The Cornwall and District area is experiencing its highest level of active listings for August in over five years, with inventory levels 30.3% above the five-year average. The new $1 billion Non-Development Charge Municipalities Stream, part of the Canada-Ontario Partnership, aims to support infrastructure projects that will facilitate new housing developments, addressing the growing demand in the region.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions, which offer a wider selection of homes. With active listings at their highest level in years, buyers should conduct thorough research and consider their options carefully before making a purchase.

For Sellers

Sellers should be aware of the increased inventory levels and the current market dynamics. Pricing homes competitively and ensuring they are well-presented will be crucial in attracting potential buyers in a market where options are plentiful.