Housing market ‘finding its balance’ as prices increase
Posted Oct 6, 2025 04:12:31 AM.
Last Updated Oct 6, 2025 11:14:59 AM.
More options to choose from, but more money needed in the bank, when it comes to buying a home in Waterloo Region.
That’s according to the latest numbers from the Waterloo Region chapter of the Cornerstone Association of Realtors (Cornerstone).
The data shows the average sale prices in September for both semi-detached and detached homes, as well as townhouses and condos, were a bit higher compared to August.
The average sale price for all residential properties last month rang in just over $753,000, a 3.2 per cent increase compared to the previous month.
On a year-over-year basis, though, that is about 4.7 per cent lower compared to September 2024.
“The September housing market continues to reflect broader economic conditions, with sales remaining below both last year’s levels and the ten-year average,” said Christal Moura, spokesperson for the Waterloo Region market.
“While sales volumes have moderated from last year, this shift has created a more balanced market where buyers can take time with their decisions.”
Just over 500 buyers made that decision last month, the majority of which were detached homes.
And they did have a lot of choice, as Moura mentioned.
The statistics from Cornerstone show the number of homes up for sale rose by 29 per cent, with the biggest jump coming in condominium apartment listings
The average sale price of each type of home can be found below:
- Detached home: $858,872
- Townhouse was $606,871
- Apartment-style condominium $442,086
- Semi $621,026
The full report from Cornerstone can be read here.
