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

Summer real estate is usually quieter — vacations, family time, people stepping back — so if sales simply hold steady through the season, that’s a good sign. Flat summer sales often point to underlying strength that can build into the fall. With all the volatility and uncertainty, it’s hard to predict much, but right now I’m sensing a stronger fall. July showed some signs of life, and early August is looking active.

Sales activity

Guelph: 161 homes sold in July — down 12% from June, but up 8% year over year.
Kitchener-Waterloo: 468 homes sold — up 6% from last month and last year.
Cambridge: 153 homes sold — up 2% from June and 2.5% year over year.

Average sale price

Guelph: $873,131 — down 9% from last month, but only 1% lower year over year.
Kitchener-Waterloo: $938,079 — up 2% month over month, but down 1% from last year.
Cambridge: $827,298 — down 8% from last month and 7.4% year over year.

New listings were also down in July, with 1,026 in KW, 374 in Guelph, and 307 in Cambridge. But with slower sales, we remain in a buyer’s market.

For sellers, pricing is everything right now. Standing out matters — whether through staging, fresh paint, or simply presenting your home in its best light. Homes are selling, but not all of them. If you want yours to be one, it needs to be among the best-valued properties on the market. And if you get an offer, don’t lose it over a small amount or minor issue.

In the U.S., there are finally signals that interest rate cuts could come this year — good news for Canada, as it gives the Bank of Canada more room to follow. After July’s disappointing job numbers, many analysts are anticipating a cut at September’s announcement, but that’s not guaranteed and will depend on factors like inflation.

Questions? Reach out directly!

Economic Update

There’s still a lot of uncertainty hanging over the economy right now — and nobody likes that, especially in housing.”

That’s what Amar Doman, CEO of Doman Building Materials, told BNN recently. And he’s right. The tariff talk, the global tension — it all creates hesitation. People pause. And that ripples into the housing market.

But here’s the part that’s getting overlooked:
While the U.S. Federal Reserve hasn’t started cutting rates yet, there are signs they might be getting close. Two Fed members even dissented in the last meeting — a rare move — and that’s often a signal of a shift coming. Which would be good news for Canada — and could open the door for more rate cuts here.

Here in Canada, the Bank of Canada held rates steady for the third time in a row. Unemployment ticked down and inflation ticked up, both just a little. But July told a very different story, with a steep loss of 40,800 jobs — the largest drop since 2022. Depending on where inflation lands next month, a September rate cut is on the table. So far, we’re seeing a cautious, gradual path forward — not a spike, not a slide.

It’s not a boom. It’s not a crash. It’s a slow recovery.

Yes, we’ve still got some headwinds. Sixty percent of Canadian mortgages are up for renewal before the end of 2026. About 40% of those will face higher payments. But delinquency rates? Still under a quarter of a percent — 0.23% in Toronto, which is one of the higher regions. And most homeowners have options — equity top-ups, stretching amortisations, or refinancing.

So, in my opinion?
The market’s not falling apart.
It’s just taking a breather.

And slow and steady growth?
That’s how real stability returns.