Waterloo Region saw slowest May home sales in 15 years: Cornerstone
Posted Jun 5, 2026 05:14:37 AM.
Last Updated Jun 5, 2026 05:14:41 AM.
May wasn’t a great month for those looking to sell their home.
The latest numbers from Cornerstone Real Estate have been released, and the data shows one of the slowest Mays for home sales in 15 years.
“A 9.8 per cent increase in sales from April, combined with a modest uptick in new listings, speaks to a market that is gradually finding its footing,” says Bill Duce, CEO of Cornerstone.
“With a 4.0-month supply, Waterloo Region remains one of the more balanced markets in our market areas, and with the days on market holding steady year-over-year, the data suggests that well-priced homes are still moving efficiently.”
Duce noted with seven municipalities here in Waterloo Region, home sales data in each community can vary.
In Waterloo for example, home sales were down by the largest margin, at a drop of 22.8 per cent year-over-year.
The average sale price in Waterloo was around $807,000, compared to Kitchener at just over $712,000 and Cambridge at $679,000.
House pricing data can be found below for each of the municipalities:
The full report from Cornerstone can be read here.
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