“Waterloo Region is navigating one of its slowest Mays for sales in the past 15 years, yet the steady month-over-month progress since the start of the year is encouraging. A 9.8 per cent increase in sales from April, combined with a modest uptick in new listings, speaks to a market that is gradually finding its footing,” says Bill Duce, CEO of Cornerstone. “With a 4.0-month supply, Waterloo Region remains one of the more balanced markets in our market areas, and with the days on market holding steady year-over-year, the data suggests that well-priced homes are still moving efficiently. It is important to note that Cambridge, Kitchener, Waterloo, and the surrounding townships each tell their own story, and the dynamics can vary from one community to the next. As always, partnering with a local REALTOR® who understands the nuances of each area will be essential for both buyers and sellers looking to make informed decisions in this market.”
Waterloo Region Area Highlights:
- Waterloo Region home sales increased 9.8% month-over-month.
- The number of newly listed properties increased by 3.9% on a month-over-month basis.
- In Kitchener-Waterloo, the MLS® Home Price Index (HPI) was $649,200 in May 2026, a decrease of 0.2% month-over-month and a 6.5 % decline on a year-over-year basis. In Cambridge, the HPI was $676,100, which was a 1.4% decrease month-over-month and a drop of 7.2% on a year-over-year basis.
- The supply of inventory across the market decreased 9.1% on a year-over-year basis, and there was a 4.0-month supply of all property types by the end of May, which was 4.8% lower than in May 2025.
Monthly Indicators: Waterloo Region