“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.