Local real estate market continues cooling trend in August
Posted Sep 5, 2025 03:54:56 PM.
Last Updated Sep 5, 2025 04:14:18 PM.
While the temperatures soared through August, Waterloo Region’s housing market continued to cool down.
But analysts believe it’s not all doom and gloom.
The Cornerstone Association of Realtors has released its August home sales report, and it shows 536 homes were sold in the region. That is a drop of 1.3 per cent compared to last August and is a staggering 23.1 per cent off the 10-year average.
In a press release, Christal Moura, Cornerstone spokesperson for Waterloo Region, said, “The market is showing signs of stabilization, though we’re seeing a continued cooling trend compared to last year. While sales volumes have only slightly decreased year-over-year, the more notable change is in pricing, with most property types experiencing moderate downward pressure.”
Two sectors of the housing market in Waterloo Region did see growth last month.
Condo sales were up 1.6 per cent, and semi-detached home sales jumped 25 per cent.
The cooling trend is resulting in good news for buyers with the average price of a home dropping by 5.5 per cent compared to last August.
