WATERLOO REGION, ON (November 5, 2025) —In October, a total of 569 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a 6.7 per cent decrease compared to the same period last year and a decline of 18.4 per cent compared to the average number of homes sold in the previous ten years for the same month.
“While October home sales in Waterloo Region lag behind historical averages, activity did pick up compared to September,” says Christal Moura, spokesperson for the Waterloo Region market. “With more listings available than we typically see this time of year and borrowing costs beginning to ease, buyers have the opportunity to explore a wider range of options.”
Total residential sales in October included 371 detached homes (down 3.4 per cent from October 2024), and 89 townhouses (down 16.8 per cent). Sales also included 56 condominium units (down 16.4 per cent) and 49 semi-detached homes (down 2.0 per cent).
In October, the average sale price for all residential properties in Waterloo Region was $734,928. This represents a 5.6 per cent decrease compared to October 2024 and a 2.4 per cent decrease compared to September 2025.
There were 1,236 new listings added to the MLS® System in Waterloo Region last month, an increase 7.2 per cent compared to October last year and a 28.7 per cent increase compared to the previous ten-year average for October.
The total number of homes available for sale in active status at the end of October was 2,056, an increase of 23.6 per cent compared to October of last year and 90.2 per cent above the previous ten-year average of 1,081 listings for October.
The total inventory across the market increased by 30.0 percent, resulting in a 3.9-month supply of all property types by the end of October. Condominium apartments had the highest inventory, with 7.6 months’ supply, followed by townhouses with 4.7 months’ supply and detached homes with 3.1 months’ supply. The number of months of inventory represents the time it would take to sell all current inventories at the current sales rate.
The average time to sell a home in October was 31 days, one day less than the previous month. In October 2024, it took 27 days for a home to sell, and the five-year average was 19 days.
View our HPI tool here to learn more: https://www.cornerstone.inc/stats/
“While October home sales in Waterloo Region lag behind historical averages, activity did pick up compared to September,” says Christal Moura, spokesperson for the Waterloo Region market. “With more listings available than we typically see this time of year and borrowing costs beginning to ease, buyers have the opportunity to explore a wider range of options.”
Total residential sales in October included 371 detached homes (down 3.4 per cent from October 2024), and 89 townhouses (down 16.8 per cent). Sales also included 56 condominium units (down 16.4 per cent) and 49 semi-detached homes (down 2.0 per cent).
In October, the average sale price for all residential properties in Waterloo Region was $734,928. This represents a 5.6 per cent decrease compared to October 2024 and a 2.4 per cent decrease compared to September 2025.
- The average sale price of a detached home was $842,907. This represents a 4.8 per cent decrease from October 2024 and a decrease of 1.6 per cent compared to September 2025.
- The average sale price for a townhouse was $593,652. This represents an 8.2 per cent decrease from October 2024 and a decrease of 2.2 per cent compared to September 2025.
- The average sale price for an apartment-style condominium was $433,746. This represents a 10.2 per cent decrease from October 2024 and a decrease of 1.9 per cent compared to September 2025.
- The average sale price for a semi was $573,332. This represents a decrease of 11.9 per cent compared to October 2024 and a decrease of 7.7 per cent compared to September 2025.
CORNERSTONE cautions that average sale price information can help establish long-term trends but does not indicate specific properties have increased or decreased in value. The MLS® Home Price Index (HPI) provides the best way to gauge price trends because averages are strongly distorted by changes in the mix of sales activity from one month to the next.
“The Bank of Canada’s recent 0.25% rate cut and its hint that rates may hold steady could give home buyers the confidence to get preapproved for a mortgage. With a good number of homes for sale in Waterloo Region, now is a good time to talk to your Realtor® about finding a home that is right for you,” says Moura.
There were 1,236 new listings added to the MLS® System in Waterloo Region last month, an increase 7.2 per cent compared to October last year and a 28.7 per cent increase compared to the previous ten-year average for October.
The total number of homes available for sale in active status at the end of October was 2,056, an increase of 23.6 per cent compared to October of last year and 90.2 per cent above the previous ten-year average of 1,081 listings for October.
The total inventory across the market increased by 30.0 percent, resulting in a 3.9-month supply of all property types by the end of October. Condominium apartments had the highest inventory, with 7.6 months’ supply, followed by townhouses with 4.7 months’ supply and detached homes with 3.1 months’ supply. The number of months of inventory represents the time it would take to sell all current inventories at the current sales rate.
The average time to sell a home in October was 31 days, one day less than the previous month. In October 2024, it took 27 days for a home to sell, and the five-year average was 19 days.
View our HPI tool here to learn more: https://www.cornerstone.inc/stats/
Source: Decrease in Waterloo Region Home Sales for October 2025 - Waterloo Region Association of REALTORS®