Posted September 9th, 2026
Here’s a quick, numbers-first look at how Waterloo Region performed in August 2026 — including how Cambridge, Kitchener, and Waterloo compared to each other.
Waterloo Region Overview
| Metric | August 2026 | Year-over-Year |
|---|---|---|
| Home Sales | 481 | ↓ 10.9% |
| Average Price | $722,683 | ↓ 1.0% |
| Days on Market | 36 | ↑ 12.5% |
What it means: Fewer homes changed hands in August compared to a year ago, and the ones that did sell took noticeably longer to find a buyer. Average price held up better than sales volume, down just 1.0% year-over-year, which suggests pricing has largely stabilized even as the pace of the market has slowed.
City by City: Cambridge, Kitchener & Waterloo
Zooming in shows just how differently these three markets are behaving right now.
| Metric | Cambridge | Kitchener | Waterloo |
|---|---|---|---|
| Home Sales | 116 (↓ 11.5% YoY) | 208 (↓ 13.0% YoY) | 104 (↓ 8.8% YoY) |
| Average Price | $746,672 (↑ 5.7% YoY) | $672,567 (↓ 1.0% YoY) | $712,279 (↓ 6.8% YoY) |
| New Listings | 208 (↓ 30.4% YoY) | 396 (↓ 11.2% YoY) | 195 (↓ 1.5% YoY) |
| Months of Supply | 3.3 (↓ 2.9% YoY) | 3.5 (unchanged YoY) | 3.7 (↓ 9.8% YoY) |
| Days on Market | 37 (↑ 19.4% YoY) | 35 (↑ 16.7% YoY) | 33 (↓ 8.3% YoY) |
What stands out:
- Waterloo is the outlier on speed. While Cambridge and Kitchener both saw days on market climb sharply (up 19.4% and 16.7%, respectively), Waterloo’s actually fell 8.3% to 33 days — the fastest-selling and only-improving market of the three.
- Price told a different story in each city. Cambridge prices rose 5.7% year-over-year to $746,672, the priciest of the three despite fewer sales and far fewer new listings. Waterloo saw the steepest price pullback at −6.8% to $712,279, even though it’s also the fastest-moving market — suggesting price softening there, not lack of demand. Kitchener sat in between, down just 1.0% to $672,567, the most affordable of the three.
- Listings pulled back hardest in Cambridge. New listings there fell 30.4% year-over-year, versus a much milder 1.5% dip in Waterloo and 11.2% in Kitchener — a sign sellers in Cambridge are holding back more than anywhere else in the region.
- Supply is loosest in Waterloo, tightest in Cambridge. Months of supply dropped 9.8% year-over-year in Waterloo to 3.7 months (still the highest of the three), stayed flat in Kitchener at 3.5, and tightened in Cambridge to 3.3 months, the lowest supply of the group.
Takeaway: Both Kitchener and Waterloo carry a much heavier concentration of condos and starter homes driven by the universities, tech sector, and denser urban cores; and condos have taken the biggest price hit of any property type across the region this year. That helps explain why both cities are seeing softer average prices, with Waterloo hit hardest. Cambridge, with a housing stock weighted more toward single-family and freehold homes, has been far more insulated from that pullback — and with new listings down 30% year-over-year, sellers there are also facing less competition, giving them more pricing power even as fewer buyers are active overall.
What This Means for Buyers
Waterloo currently offers the most balanced conditions, homes are selling faster than a year ago and prices have eased the most, giving buyers real room to negotiate without a long wait. Kitchener remains the more affordable option with a stable, if slower, pace. Cambridge is the toughest market for buyers right now: fewer listings, tighter supply, and rising prices mean less leverage and more competition for what is available.
Takeaway: If you’re prioritizing value and speed, Waterloo is worth a close look right now, prices have eased the most and homes aren’t sitting long. Kitchener suits buyers looking for affordability who can be patient with a slightly slower process. Cambridge remains the toughest entry point: be prepared to move quickly and pay a premium if you want in.
What This Means for Sellers
Cambridge sellers are in the strongest position on price, and the sharp drop in new listings means less competition to stand out against right now. Waterloo sellers should expect a faster sale but should price with the year-over-year decline in mind — homes are moving quickly, but not necessarily for what they’d have fetched last August. Kitchener sellers are facing the most patience-testing market of the three, with days on market up nearly 17% and price essentially flat.
Takeaway: If you’re in Cambridge, this is a strong window to list, thin competition and rising prices are working in your favour. In Waterloo, price realistically: homes are moving fast, but not necessarily for last year’s numbers. In Kitchener, invest in presentation and pricing strategy up front, since buyers there have more time and more options to compare against.
Curious what these numbers mean for your specific street or price range? Let’s talk!