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

October saw a bit of a pickup from September, with more sales across Guelph, Kitchener, and Cambridge. November will be a telling month. New listings usually drop off sharply, which means less competition for sellers. Buyers, on the other hand, tend to put on their negotiation hats and look for motivated sellers, hoping to scoop up a good home while the window is open.

Sales Activity

In Guelph 153 homes sold in October. That is up 12.5% from September and up 6.99% year over year.
In Kitchener-Waterloo 354 homes sold, which is up 11% from last month and down 6% from last year.
In Cambridge, 146 homes sold. That is up 8% from September but down 13% year over year.

Average sale price

Guelph has an average sale price of $$793,000, which is up 1.5% from last month, and up 3% year over year.
Kitchener-Waterloo’s sale price was $708,010. That is down 4% month over month, and down 8% from last year.
Cambridge has an average sale price of $715,000, which is down 2% from last month and down 3% year over year.

In October, the Tri-cities saw more homes hit the market than in September. Guelph was the exception, with the number of listings decreasing from the month before. However, this number can be deceiving because many realtors are cancelling and relisting at new prices, and those listings count as new listings.

The under $800,000 market is moving again, which tells me first-time buyers are stepping back in. This time of year is usually a bit of a sweet spot. Many sellers want to wrap things up before year-end, and fewer new listings show up, so there’s less competition on the seller side.

We’re also seeing more properties sell below their original list price—sometimes significantly—creating real opportunities for buyers right now. Sellers, however, need to stay sharp with their pricing if they want to be one of the homes that moves rather than sits.

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Economic Update

Canada’s job market was a surprise again in October, adding 67,000 jobs and nudging unemployment down to 6.9%. Wages are climbing, which could boost buyer confidence, though higher rates are still keeping many cautious. The proposed federal budget pumps up spending and housing incentives, but most perks target new builds, not resale. For investors, the higher capital gains tax takes effect January 1, 2026, trimming profits on secondary property sales, and investors seem to be playing a waiting game.

Looking ahead, economists are divided on where rates are headed next—some expect one more cut by the end of this year or early next year, while others anticipate a pause with another increase by late 2026 if inflation resurges. There’s growing concern that larger budget deficits and the stall in tariff talks could reignite inflation pressures, making the Bank of Canada more cautious. Overall, it’s a steady but uneven recovery—not a boom, but definitely not a bust.