The statistics provided in this release 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.
As part of Cornerstone’s ongoing systems harmonizations, we are currently upgrading the data feed from Matrix to MarketStats. During this period, the usual InfoSparks graphs will be omitted from the June statistics, but we anticipate their return next month.
WATERLOO REGION, ON (August 7, 2025) —In July, a total of 644 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This is on par with the same period last year and a decline of 14.3 per cent compared to the average number of homes sold in the previous ten years for the same month.
“While sales volumes remained stable compared to last year, we’re seeing continued price adjustments across all property types,” says Christal Moura, spokesperson for the Waterloo Region market. “The Bank of Canada’s decision to hold rates steady in July, combined with increased inventory and price moderation, is creating more opportunities for buyers who have been waiting to enter the market, though broader economic uncertainties surrounding the Canada-US trade war continue to impact consumer confidence.”
Total residential sales in July included 383 detached homes (up 0.5 per cent from July 2024), and 123 townhouses (down 5.4 per cent). Sales also included 80 condominium units (down 3.6 per cent) and 55 semi-detached homes (up 14.6 per cent).
In July, the average sale price for all residential properties in Waterloo Region was $735,082. This represents a 6.0 per cent decrease compared to July 2024 and a 5.7 per cent decrease compared to June 2025.
The average time to sell a home in July was 32 days, compared to 27 days in the previous month. In July 2024, it took 22 days for a home to sell, and the five-year average was 17 days.
“The longer average days on the market reflect that we’re in a more balanced market environment,” Moura says. “This means that buyers can take their time to make informed decisions, while sellers are adjusting their expectations to fit the current market conditions.”
As part of Cornerstone’s ongoing systems harmonizations, we are currently upgrading the data feed from Matrix to MarketStats. During this period, the usual InfoSparks graphs will be omitted from the June statistics, but we anticipate their return next month.
WATERLOO REGION, ON (August 7, 2025) —In July, a total of 644 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This is on par with the same period last year and a decline of 14.3 per cent compared to the average number of homes sold in the previous ten years for the same month.
“While sales volumes remained stable compared to last year, we’re seeing continued price adjustments across all property types,” says Christal Moura, spokesperson for the Waterloo Region market. “The Bank of Canada’s decision to hold rates steady in July, combined with increased inventory and price moderation, is creating more opportunities for buyers who have been waiting to enter the market, though broader economic uncertainties surrounding the Canada-US trade war continue to impact consumer confidence.”
Total residential sales in July included 383 detached homes (up 0.5 per cent from July 2024), and 123 townhouses (down 5.4 per cent). Sales also included 80 condominium units (down 3.6 per cent) and 55 semi-detached homes (up 14.6 per cent).
In July, the average sale price for all residential properties in Waterloo Region was $735,082. This represents a 6.0 per cent decrease compared to July 2024 and a 5.7 per cent decrease compared to June 2025.
- The average sale price of a detached home was $857,579. This represents a 6.2 per cent decrease from July 2024 and a decrease of 4.5 per cent compared to June 2025.
- The average sale price for a townhouse was $603,245. This represents a 2.8 percent decrease from July 2024 and a 3.5 percent decrease compared to June 2025.
- The average sale price for an apartment-style condominium was $415,559. This represents a 16.7 per cent decrease from July 2024 and a decrease of 4.4 per cent compared to June 2025.
- The average sale price for a semi was $644,930. This represents a 3.3 per cent decrease from July 2024 and a 0.6 per cent decrease compared to June 2025.
There were 1,356 new listings added to the MLS® System in Waterloo Region last month, a decrease of 3.1 per cent compared to July last year and a 21.2 per cent increase compared to the previous ten-year average for July.
The average time to sell a home in July was 32 days, compared to 27 days in the previous month. In July 2024, it took 22 days for a home to sell, and the five-year average was 17 days.
“The longer average days on the market reflect that we’re in a more balanced market environment,” Moura says. “This means that buyers can take their time to make informed decisions, while sellers are adjusting their expectations to fit the current market conditions.”
Cornerstone Association of REALTORS® cautions that average sale price information can help identify long-term trends but should not indicate that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Months’ Supply is the inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months. Those requiring specific information on property values should contact a Waterloo Region REALTOR®. REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for to get a complete picture of the property and community you’re considering.