February 7, 2026 | Uncategorized

Guelph, KW & Cambridge Real Estate Update for Jan 2026

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

January was slow, even by typical standards. Extreme cold and heavy snowfall clearly impacted buyer activity. While January is rarely a strong month, this year came in well below both December and January 2025. Sales declined roughly 6% in Guelph, 8% in Cambridge, and 23% in Kitchener month over month, suggesting many buyers simply opted out during harsh conditions.

Sellers were cautious as well. New listings in Guelph were down about 12% year over year, indicating many homeowners chose to wait rather than list mid-winter.

Compared to last January, sales across all cities were significantly lower, ranging from 22% to 33%. Market dynamics also varied by region. Waterloo Region continues to rely on aggressive pricing, with 38% of homes selling over asking and average days on market around 31. Wellington County, including Guelph, has largely moved away from that strategy, with only 17% selling over asking and days on market closer to 40.

Year-over-year prices declined about 3% in Kitchener-Waterloo, rose slightly in Guelph (up ~5%), and fell the most in Cambridge (down ~10%). Prices typically trend upward in the coming months as more buyers enter the market, though expectations should remain measured.

Historically, most sales occur between February and June, but pricing is less predictable. While spring and fall often see stronger prices, peak pricing has also occurred in February or mid-summer, depending on the year and property type.The takeaway is straightforward: weather slowed January more than usual, buyer behaviour varies by region, and pricing strategy matters more than timing the market. Activity and pricing should improve this year, but likely in a modest way. Location, property type, and competition will have a far greater impact than the calendar alone.

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Economic Update

According to the Bank of Canada’s latest update, the outlook for the Canadian economy remains muted. The Bank held rates at 2.25% in late January and is projecting very modest growth, with GDP expected around 1.5% in 2025 and slowing to roughly 1.1% in 2026. This points to a slow-growth environment rather than a recession or a strong acceleration.

Inflation is expected to stay near the 2% target, while unemployment sits around 6.8%, higher than policymakers would prefer. Overall, the Bank’s message is that the economy is adjusting, growing slowly, and interest rates are likely to remain steady unless inflation meaningfully re-accelerates.

Uncertainty increases on the trade and geopolitical front. Canada faces a USMCA review in July, which will be important for exports, business confidence, and investment. Tariff risk has also resurfaced, driven by recent U.S. threats tied to Canada’s trade relationship with China.

Looking further ahead, there is discussion around a potential North American missile defence system (“Golden Dome”), which could involve Canada, particularly in northern infrastructure and energy. While none of this is settled, these factors are worth watching as they influence confidence, hiring, and investment decisions through the year.

Guelph Neighbourhood Statistics

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KW Neighbourhood Statistics

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Cambridge Neighbourhood Statistics

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