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 August slowed compared to July (as it typically does with summer vacations and back-to-school prep). September has already picked up with more listings, increased showings, and buyers re-engaging—so offers should follow.

Sales activity

Guelph: 122 homes sold in August — down 27% from July, and down 8% year over year.
Kitchener-Waterloo: 335 homes sold — down 22% from last month and down 6% last year.
Cambridge: 123 homes sold — down 21% from July and 4% year over year.

Average sale price

Guelph: $799,238 — up 2.1% from last month,and up 1% year over year.
Kitchener-Waterloo: $697450 — down 3.5% month over month, but down 7.5% from last year.
Cambridge: $696559 — up 3% from last month and down 5% year over year.

In August, 19% fewer new listings came on the market in the Tri-Cities and Guelph compared to July.

Only 27% of active listings sold in August, so sellers must price correctly and ensure their home shows better than the competition—repairs, staging, and cleanliness all count. If you get an offer, try to make it work, as buyers have options. By the end of September/October, this market could change, with interest rates lower, we should see more buyers enter the market. Do we expect the market to be booming? No, but it could become a more balanced market.

Questions? Reach out directly!

Economic Update

Canada’s Economy: A Shift That Matters for Ontario Homeowners

Canada’s economy is slowing—GDP shrank 1.6% annualised in Q2 as trade and business spending weakened. In August, 65,500 jobs were lost, pushing unemployment to 7.1% nationally and 7.7% in Ontario (highest in nearly a decade outside the pandemic). Inflation ticked up slightly to 1.9% from 1.7%, but core inflation eased, making the Bank of Canada’s decision to cut rates straightforward.

So it’s no surprise that they lowered its key rate by 0.25% to 2.50%, its first cut since March.. Most economists anticipate at least one more interest cut, if not more, prior to the end of the year. The Bond markets had already reacted: the five-year Government of Canada yield has slipped into the 2.7% range, helping pull some fixed mortgage rates back below 4%. For real estate, it’s still a mix of opportunity and caution. Cheaper borrowing should help buyers, giving the market a bit more breathing room, while slower job growth may temper the number of buyers entering the market in Ontario, due to its manufacturing base. Homeowners and buyers can expect slightly easier financing, moderately increased activity, and generally steady prices as we move through the fall.