Rohit SharmaReal Estate Services

Kitchener Waterloo Housing Market Trends

Benchmark price $630,200 · -5.6% yearly change

Buyer's Market

MLS® Home Price Index Data · Source: CREA · Last updated 2026-09

Bancroft and Area+1.2%Barrie and District-1.2%Brantford Region-0.8%Cambridge-0.6%Greater Toronto-0.9%Grey Bruce Owen Sound-0.9%Guelph and District+0.6%Hamilton Burlington-1.3%Huron Perth+0.9%Kawartha Lakes-1.8%Kingston and Area-1.3%Kitchener Waterloo+0.3%Lakelands-1.3%London St Thomas-0.2%Mississauga-1.1%Niagara Region-0.4%North Bay-0.2%Northumberland Hills+0.1%Oakville Milton-2.0%Ottawa-2.2%Peterborough and Kawarthas-0.8%Quinte and District-2.0%Rideau St Lawrence-5.0%Sault Ste Marie-2.0%Simcoe and District+0.4%Sudbury-0.3%Windsor Essex-2.4%Woodstock Ingersoll Tillsonburg-1.8%
Composite Benchmark
$630,200
+0.3% from last month · HPI 322.2
Monthly Change
+0.3%
month over month
Yearly Change
-5.6%
year over year
All-Time Peak
$943,300
-33.2% from peak · Feb 2022
Buyer's Market — Kitchener Waterloo. Prices are declining. Higher inventory gives buyers more negotiating power.

Market Insights

Key signals computed from full price history

Price Recovery from Peak$630,200vs peak $943,300 · Feb 2022
Quarter-over-Quarter-1.8%price change, last 3 months
3-Year Total Return-13.5%trailing 36 months
5-Year Total Return-17.6%trailing 60 months
Price VolatilityLowstd dev of monthly changes: 0.89%
Affordability vs Ontario104%Ontario avg $605,479
Historical Low (Trough)$195,600Jan 2005 · +222.2% above low
Condo vs House Gap$397,100single-family costs more than condos
Best PerformerTwo Storey -4.3%worst: Apartment / Condo -12.8%
Market Momentum Score3.3/10Weak — trend, volatility & conditions

Benchmark Price Trend

12-month composite benchmark price

$658K$650K$642K$633K$625KOct ’25Dec ’25Feb ’26May ’26Jul ’26Sep ’26$630,200Sep ’26

Benchmark Price Over Time

Composite benchmark price history

$658K$650K$642K$633K$625KOct ’25Dec ’25Feb ’26May ’26Jul ’26Sep ’26$630,200Sep ’26

HPI Index Over Time

Composite HPI (base 100)

$337$332$328$324$320Oct ’25Dec ’25Feb ’26May ’26Jul ’26Sep ’26322.2Sep ’26

Property Type Breakdown

Latest benchmark prices by type

Single Family$753,400HPI 357.4
Monthly+0.9%
Yearly-4.5%
One Storey$716,200HPI 360.1
Monthly+2.0%
Yearly-4.7%
Two Storey$767,300HPI 358.6
Monthly+0.6%
Yearly-4.3%
Townhouse$497,900HPI 353.4
Monthly-1.5%
Yearly-6.9%
Apartment / Condo$356,300HPI 305.3
Monthly-1.9%
Yearly-12.8%
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Property Type Details

Detailed breakdown for Kitchener Waterloo

Property TypeBenchmarkHPI IndexMonthlyYearly12-Month TrendPerf. Rank
Composite$630,200322.2+0.3%-5.6%——
Single Family$753,400357.4+0.9%-4.5%#2
One Storey$716,200360.1+2.0%-4.7%#3
Two Storey$767,300358.6+0.6%-4.3%#1
Townhouse$497,900353.4-1.5%-6.9%#4
Apartment / Condo$356,300305.3-1.9%-12.8%#5

All Ontario Markets

Compare benchmark prices and changes across all 28 Ontario markets.

Board RegionBenchmarkMonthlyYearlyPeakFrom PeakCondition
Oakville Milton$1,023,000-2.0%-4.2%Feb 2022 $1,573,100-35.0%Buyer's Market
Greater Toronto$917,600-0.9%-4.6%Feb 2022 $1,279,800-28.3%Buyer's Market
Mississauga$903,600-1.1%-6.4%Mar 2022 $1,326,500-31.9%Buyer's Market
Guelph and District$720,200+0.6%-3.6%Feb 2022 $976,100-26.2%Balanced Market
Hamilton Burlington$718,600-1.3%-5.1%Feb 2022 $1,031,700-30.3%Buyer's Market
Barrie and District$687,400-1.2%-5.3%Mar 2022 $969,700-29.1%Buyer's Market
Cambridge$662,700-0.6%-4.2%Feb 2022 $983,300-32.6%Buyer's Market
Kitchener Waterloo$630,200+0.3%-5.6%Feb 2022 $943,300-33.2%Buyer's Market
Northumberland Hills$628,600+0.1%-2.5%Mar 2022 $864,400-27.3%Balanced Market
Ottawa$623,500-2.2%-0.3%Mar 2022 $703,100-11.3%Buyer's Market
Lakelands$610,600-1.3%-4.8%Mar 2022 $795,400-23.2%Buyer's Market
Brantford Region$610,000-0.8%-7.7%Feb 2022 $863,000-29.3%Buyer's Market
Windsor Essex$570,000-2.4%-2.4%Apr 2022 $707,000-19.4%Buyer's Market
Peterborough and Kawarthas$568,200-0.8%-3.8%Mar 2022 $743,800-23.6%Buyer's Market
Simcoe and District$567,900+0.4%-3.4%Mar 2022 $701,700-19.1%Balanced Market
Niagara Region$567,400-0.4%-4.6%Mar 2022 $811,700-30.1%Buyer's Market
Woodstock Ingersoll Tillsonburg$566,700-1.8%-5.1%Apr 2022 $788,400-28.1%Buyer's Market
Grey Bruce Owen Sound$555,200-0.9%-1.7%Apr 2022 $667,800-16.9%Balanced Market
London St Thomas$552,500-0.2%-2.6%Feb 2022 $780,400-29.2%Balanced Market
Kawartha Lakes$547,400-1.8%-8.6%Apr 2022 $757,900-27.8%Buyer's Market
Kingston and Area$542,800-1.3%+0.5%Mar 2022 $624,100-13.0%Balanced Market
Huron Perth$538,900+0.9%-2.7%Apr 2022 $687,600-21.6%Balanced Market
Rideau St Lawrence$513,200-5.0%-5.3%Apr 2022 $590,500-13.1%Buyer's Market
Sudbury$498,000-0.3%-1.2%May 2026 $527,300-5.6%Balanced Market
Quinte and District$478,100-2.0%-6.9%Mar 2022 $626,400-23.7%Buyer's Market
Bancroft and Area$420,700+1.2%-13.5%Aug 2022 $521,000-19.3%Buyer's Market
North Bay$418,600-0.2%-1.7%Apr 2022 $440,000-4.9%Balanced Market
Sault Ste Marie$311,800-2.0%-2.4%Sep 2025 $319,400-2.4%Buyer's Market

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Data source: Canadian Real Estate Association (CREA) — MLS® Home Price Index. Last updated 2026-09.

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