Get the latest updates on home prices, sales activity, mortgage trends, and market shifts, along with active and sold listings in Guelph, Kitchener-Waterloo, and Cambridge. Whether you’re buying, selling, or investing, our expert insights help you navigate the market with confidence.

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Guelph, KW & Cambridge Real Estate Update

February was an unusual month for real estate. Typically, we see a big jump in sales from January, but that didn’t happen this year. In fact, this was the lowest number of February sales in over a decade across all three markets.

Sales Activity: The Slowest February in Over 10 Years

Sales were up slightly from January, but well below typical levels:

Guelph: 120 sales (+17.65% MoM, -47.37% YoY)
Kitchener-Waterloo: 223 sales (+11.5% MoM, -27.6% YoY)
Cambridge: 101 sales (+12.22% MoM, -17.89% YoY)

Prices Holding Firm Despite Low Sales

With such a slowdown in sales, you might expect prices to drop, but that’s not the case. Prices have been holding steady across the board.

Guelph: $775,879 (flat MoM, -2.21% YoY)
Kitchener-Waterloo: $749,345 (+1.89% MoM, +1.35% YoY)
Cambridge: $719,257 (-3.25% MoM, -1.51% YoY)

This shows that sellers aren’t under pressure to lower prices, and buyers are still willing to pay for well-positioned homes.

Inventory is Building, But Well-Priced Homes Move Fast

However if we look at the absorption rate which looks the total number of new listings compared to the total number of sales all markets softened.

Guelph: 44.4% (down from 65.3% last year)
Kitchener-Waterloo: 38.0% (down from 59.8%)
Cambridge: 46.3% (down from 63.7%)

Despite inventory increasing the days to sell are dropping.

Guelph: 23 days on market (-15% MoM)
Kitchener-Waterloo: 23 days (-34.29% MoM)
Cambridge: 24 days (-14.29% MoM)

Now this doesn’t mean that everything is selling but the homes that are selling are moving quicker. We have noticed that the homes that show well and are priced reasonably are still selling within a few weeks. This is especially true for our freehold marker under 1 million.

Market Outlook: A Smart Time to Buy

Overall we are in a lower volume market which is primarily due to lack of consumer confidence but our pricing is holding strong and the good inventory in accessible price points is still selling well.

With rates coming down affordability is increasing and this is a comfortable market if you are looking to buy and sell. This is also an excellent market for first time buyers to enter into and for investors. We are seeing higher cashflow on properties in our marketplace than we have experienced in a very long time.

As Warren Buffett says, “Be greedy when others are fearful.” This is a great time to enter the market or pick up an investment property.

Questions? Reach out directly!

Economic Update

Real estate, like most industries, isn’t immune to economic uncertainty. But as Winston Churchill said, “The optimist sees opportunity in every difficulty.”

Despite challenges, Canada’s job market remained stable in February, with unemployment steady at 6.6%. Inflation ticked up to 1.9%, driven by rising gas and natural gas prices. The Bank of Canada recently cut interest rates for the 7th time, lowering the policy rate to 2.75%, with predictions it could drop to 2% by July 2025—boosting affordability and revitalizing the housing market.

Meanwhile, U.S. tariff tensions create economic uncertainty, reminiscent of early COVID-19 disruptions. However, unlike COVID, tariffs are a solvable issue. Leaders must de-escalate, find common ground, and drive solutions forward.

Despite this temporary pause, Toronto, Guelph, Kitchener, and Waterloo are poised for growth. With lower interest rates and pent-up demand, it’s not a matter of if the market will rebound, but when.

For the full economic break down click here!