What is Going on in the Waterloo Region Real Estate Market?

Amid geopolitical turmoil and the snowiest February in over a decade, what is going on in the Waterloo Region Real Estate Market?

Total residential sales in February included 221 detached homes (down 21.9 per cent from February 2024), and 71 townhouses (down 36.0 per cent). Sales also included 47 condominium units (down 35.6 per cent) and 23 semi-detached homes (down 4.2 per cent).

In February, the average sale price for all residential properties in Waterloo Region was $767,800. This represents a 1.3 per cent increase compared to February 2024 and a 1.8 per cent increase compared to January 2025.

• The average price of a detached home was $900,003. This is a 1.0% increase from February 2024 and an increase of 2.1% compared to January 2025.
• The average sale price for a townhouse was $613,924. This represents a 2.7% decrease from February 2024 and a decrease of 2.6% contrasted to January 2025.
• The average sale price for an apartment-style condominium was $437,000. This signifies a 5.8% decrease from February 2024 and a decrease of 7.2% compared to January 2025.
• The average sale price for a semi was $670,352. This represents a decrease of 0.5% compared to February 2024 and an increase of 6.6% contrasted to January 2025.

It is a positive sign to see average prices (with the exception being condominium apartment, which continue to struggle) holding steady. The worst of the winter weather should be behind us now – but the current headwind is clearly the geopolitical environment which includes, but is not limited to, the trade war launched by the US. This is a situation that is changing by the day and by the hour and interjecting a degree of uncertainty in the minds of those looking to buy or sell real estate.

Overall, buyers with secure employment are likely to feel confident to continue with their plans. Those looking to sell and buy will see similar market conditions on both the buying and selling side so are likely to opt to move forward. In most cases, at the moment, it is best advised to sell first and then buy.

As always, we are here to help you navigate the current market and everyone’s situation is unique – so please do reach out to use for personalized advice if you are considering your real estate plans for the coming months.

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