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

As we expected, the warmer weather in April brought a noticeable uptick in activity across the region. While it’s definitely a step in the right direction, we’re still not quite seeing the kind of market boost we’d typically associate with the spring season. That said, the number of homes sold did increase across the Tri-city, Guelph area, and there was a notable rise in new listings hitting the market.

Prices, however, were generally lower compared to last year, but there’s been a positive shift month-over-month in both Guelph and Kitchener-Waterloo. In fact, the highest sale price in the region was a stunning $3.335 million home in Waterloo, while the most affordable sale was a condo at $290,000 in the same area.

Breaking down the sales numbers,

Guelph saw 152 homes sell in April, up 10% from March, down 44% from last year.
KW’s market was much stronger with 384 homes sold—up 32% from March. on top of a 30% gain from February, leaving them only 13% down year-over-year.
Cambridge saw 142 homes sold, which is an 8.5% increase from March, down 13% compared to last year.

In terms of pricing,

Guelph’s average sale price was just over $789,800, which is up by 2.2% from March, though still down 2.5% year-over-year.
KW’s average sale price came in at around $742,076, down 5.2% from the previous month and 3% from last year.
Cambridge experienced a slight drop of 1% month-over-month to $750,000, which is a 2.5% decrease from 2024. Despite everything going on, prices have held steady.

Across the region, 1,611 new homes hit the market in April, with 613 homes selling. New listings are growing faster than sales, which creates a great opportunity for buyers—whether you’re a first-time buyer, investor, or looking to upsize. While the market is slowly recovering, most analysts predict that the pace will remain steady in the coming months. So, while we’re not back to “normal” yet, it’s an encouraging sign for anyone looking to make a move in the near future.

Questions? Reach out directly!

Economic Update

As we review the Canadian economy for April 2025, it’s clear we’re facing a mix of challenges and opportunities, both of which are poised to influence the real estate market in the months ahead.

Interest Rates Hold After Seven Cuts

For the first time after seven consecutive rate cuts, the Bank of Canada held its overnight rate at 2.75%. This pause brings a sense of stability and predictability to mortgage rates, which is welcome news for both homebuyers and sellers. All eyes are now on June 4, when the Bank will announce its next decision. While it’s uncertain whether rates will drop further or continue to hold, it’s very unlikely we’ll see an increase anytime soon.

Employment Sees a Dip

On the employment front, Canada experienced a loss of 33,000 jobs in March, nudging the unemployment rate to 6.7%. This shift is largely attributed to layoffs across certain sectors, with major companies like General Motors and Hudson’s Bay announcing closures and workforce reductions. However, despite these job losses, many sectors remain strong, and housing demand continues to hold.

Encouraging Economic Signals

There are still signs of optimism. Inflation slowed to 2.3% in March, and the Canadian dollar has strengthened, both of which contribute to rising consumer confidence. These factors may encourage more buyers to re-enter the market as they feel more secure in their financial outlook.

Post-Election Confidence Returns

Another major event shaping economic sentiment was the recent federal election. Leading up to it, many buyers and sellers chose to wait on the sidelines, hesitant to make big financial decisions during a time of political uncertainty. Now that the election is behind us—regardless of which party earned your vote—we expect to see renewed activity in the real estate market.

What the Liberal Housing Plan Means for Real Estate

With the Liberals retaining power, several housing initiatives in their platform are expected to impact the market:

A target to build 500,000 new homes across Canada, aimed at easing affordability pressures.
Reduced municipal development charges for multi-family housing, making it more affordable to build purpose-built rentals.
A strong focus on affordable housing development.
Elimination of GST on new home purchases under $1 million, giving first-time buyers a financial boost.

For this ambitious plan to succeed, the federal government will need to work closely with local municipalities to ensure alignment and remove barriers to progress.

While there are hurdles to overcome—such as labour shortages, regulatory challenges, and market uncertainty—there’s also a lot to feel optimistic about. With inflation declining, interest rates holding, and new housing initiatives on the horizon, it’s a promising time for Canadians considering a real estate move. Whether you’re buying, selling, or investing, now is the time to pay attention to market signals and plan your next step strategically.