Waterloo Region Market Update: August 2025

The Waterloo Region real estate market is showing signs of stabilizing, but the numbers tell us buyers and sellers are operating in a very different landscape than last year. Let’s take a closer look at what’s happening.

🏠 Homes Sold

In August 2025, 536 homes sold across Waterloo Region. That’s a 1.3% drop compared to August 2024. While the difference year-over-year looks small, the bigger story is the long-term trend: sales are 23.1% lower than the 10-year average for August.

What does this mean? Simply put, the market is still moving, but at a slower pace than we’ve grown used to in previous years.

💵 Average Prices

• Overall average: $728,465 (down 5.5% YoY)
  

• Detached: $846,405 (down 4.6% YoY)
  

• Townhouse: $594,200 (down 3.2% YoY)
  

• Condo: $433,113 (down 6.0% YoY)
  

• Semi-detached: $618,206 (down 5.5% YoY)
  
  

Condo prices are the outlier, ticking up 4.2% month-over-month, which tells us there’s still strong demand at more affordable entry points.

📆 Days on Market (DOM)

This one stands out:

• August 2025: 32 days
  

• August 2024: 25 days
  
  

That’s a 28% increase. Put another way, homes are taking a full week longer to sell this year compared to last. For buyers, this means more breathing room. For sellers, it highlights the importance of sharp pricing and standout marketing.

📈 Inventory & Supply

• 1,028 new listings hit the market in August, up 3.3% YoY.
  

• That’s also 11% higher than the 10-year average, giving buyers more choice.
  
  

With more listings and slower sales, we’re looking at about 2–3 months of supply (based on available data). This moves us away from the hyper-competitive seller’s market and closer to balanced conditions.

💡 What It Means for You

• Buyers: More options, more time to decide, and potential negotiating power.
  

• Sellers: Properties are still moving, but pricing strategy is crucial. Homes that are staged and marketed properly will stand out in a crowded marketplace.
  
  

The big takeaway? The Waterloo Region market isn’t crashing — it’s adjusting. Interest rates are holding steady, and while prices are down from last year, the pace of sales shows we’re heading into a period of balance.

Bracing for a Blizzard? Keep Your Home Cozy & Protected Winter

Winter in Canada can be magical, but when a snowstorm rolls in, it’s a whole different story. Heavy snowfall, freezing temperatures, and icy conditions can take a toll on your home—and your wallet. Whether you're a homeowner or an investor, keeping your property safe and warm during a storm is crucial.

Here’s how you can protect your home, avoid costly repairs, and stay cozy when the winter weather gets extreme.

1. Protect Your Pipes from Freezing

When temperatures drop, your pipes are at risk of freezing—and if they burst, it can lead to severe water damage.

✔ Keep faucets dripping: A slow trickle can prevent pipes from freezing.
✔ Insulate exposed pipes: Use foam insulation or wrap them in heat tape.
✔ Keep your home warm: Even when you're away, keep the indoor temperature at or above 12°C (54°F).

2. Prevent Ice Dams & Roof Damage

Ice dams form when snow melts on your roof and refreezes at the edges, leading to leaks and structural damage.

✔ Keep your attic well insulated: A warm attic melts snow, causing ice dams. Proper insulation keeps heat where it belongs—inside.
✔ Clear gutters before storms hit: Clogged gutters can cause water backup and ice formation.
✔ Use a roof rake: If heavy snow piles up, gently remove it to avoid excess weight and leaks.

3. Keep Your Heating System Running Efficiently

The last thing you want is a broken furnace in the middle of a storm.

✔ Change furnace filters regularly: A dirty filter forces your system to work harder.
✔ Bleed radiators (if you have them): Ensuring your heating system runs efficiently keeps your home warm.
✔ Consider a backup heat source: A wood-burning stove or space heater can be a lifesaver if the power goes out.

4. Prevent Slips, Falls & Liability Issues

Icy driveways and walkways aren’t just dangerous—they can be a liability if someone gets hurt on your property.  

✔ Stock up on ice melt or sand: Keep sidewalks and steps clear.
✔ Shovel regularly: Don't wait until snow piles up; clear it early to avoid ice formation.
✔ Check your outdoor lighting: Proper lighting helps prevent accidents in slippery conditions.

5. Be Ready for Power Outages

Winter storms often bring blackouts, so be prepared.

✔ Have flashlights and batteries handy: Avoid candles to reduce fire risk.
✔ Keep your phone charged: A portable power bank is a great backup.
✔ Know how to manually open your garage door: If the power goes out, you don’t want to be stuck.

6. Snowstorm Emergency Kit Checklist

Make sure your home is stocked with essentials before the storm hits:

✅ Non-perishable food & bottled water (for at least 72 hours)
✅ Blankets, warm clothing & extra layers
✅ A battery-powered radio
✅ Backup power source (generator or power bank)
✅ Extra medications & first-aid supplies

Final Thoughts: Stay Safe & Proactive

Winter storms are inevitable, but significant home damage isn’t. With the proper prep, you can keep your home safe, warm, and comfortable all season long. Whether you're protecting your investment property or your family home, these steps will help you weather the storm—literally!

Thinking about buying or selling this winter? Let’s chat about how market conditions are shaping up this season. 🏡

Buying a home is a big deal—probably one of the most significant investments you’ll ever make. And let’s face it, the quality of nearby schools can make or break your long-term happiness with that purchase. Doing your homework (pun intended) by researching, asking the right questions, and visiting schools will give you the confidence to make the right move. Whether you’re buying as a parent or an investor, prioritizing great schools is just smart—it pays off in lifestyle and property value.

So, what’s next? If you’re ready to find a home in a community with top-notch schools, let’s talk. I’ll guide you every step of the way and make sure you feel like family while we find the perfect fit.

Always Just a call or click away!

☎️ 519-277-2800
📧 [email protected]

Let’s make your next move the right one!

If you’re thinking about buying a home, these tariffs could impact your mortgage rate, which means you need to stay informed.

The Connection Between Tariffs and Mortgage Rates

Tariffs are essentially taxes on imported goods. When the U.S. imposes tariffs on Canadian products, the ripple effect can be felt in several ways:

1. Inflationary Pressures

Tariffs drive up the cost of goods, leading to higher overall prices. When inflation rises, central banks like the Bank of Canada take notice—and often respond. 

2. Interest Rate Adjustments

To counteract rising inflation, the Bank of Canada may adjust interest rates. Higher interest rates typically translate to increased mortgage rates, making borrowing more expensive for homebuyers. This means a more expensive mortgage and, ultimately, a higher cost of homeownership.

How the Bank of Canada is Responding

The Bank of Canada is closely watching these developments. Deputy Governor Rhys Mendes recently highlighted that U.S. tariffs could impact both the American and Canadian economies. The central bank is factoring these policies into its future economic forecasts. 

Current Economic Indicators: The Canadian Dollar & Mortgage Rates

Trade policy uncertainty is already causing fluctuations in the Canadian dollar (CAD). The loonie recently rebounded from a 22-year low amid speculation about a potential pause in tariff hikes. Currency volatility influences import and export dynamics, further shaping the broader economy and potentially mortgage rates. Source: CBC

What This Means for Canadian Homebuyers

If you’re in the market for a home, it’s crucial to understand how rising mortgage rates can impact affordability. Higher rates mean:

• Increased monthly mortgage payments

• Higher overall borrowing costs

• Potential challenges in qualifying for a mortgage

How to Stay Ahead of the Changes

Navigating a shifting economic landscape requires staying informed and proactive. Here’s what you can do:

1. Monitor Economic News
Keep an eye on Bank of Canada announcements and CBC Business for updates on interest rate changes.

2. Consult with a Mortgage Professional
Understanding how potential rate hikes impact your buying power is crucial. Consult with a professional like Peter Blackwell, who can guide you through the shifting mortgage landscape. He’ll not only help you understand the effects of rising rates but also strategize the best way to secure financing—ensuring you can still achieve your dream home, even in a changing market.

3. Consider Rate Locks
If you’re in the process of securing a mortgage, ask your lender about rate locks to protect against sudden rate increases.

Final Thoughts

The new U.S. tariffs aren’t just a trade issue—they’re a financial one that could impact your mortgage rate. By staying informed and taking proactive steps, you can navigate these changes and make sound decisions in your home-buying journey.

Need expert advice? Contact me to discuss how to navigate this evolving market with confidence.

Make Moving Easy: Our Exclusive Free MoveBuddy Service

Moving is one of the most exciting steps in buying or selling a home, but it can also come with its fair share of stress. That’s why we’ve integrated MoveBuddy into our process – to make your real estate journey as seamless and enjoyable as possible.

Simplifying the Moving Experience
We know that moving isn’t just about packing boxes; it’s about stepping into your next chapter with ease. That’s where MoveBuddy comes in. By working with our clients, we ensure that every detail of your move is handled with care, from connecting you with trusted moving professionals to keeping everything organized with a tailored plan.

What Does This Mean for You?
When you work with us, MoveBuddy becomes part of the experience. Together, we’ll:

• Create a customized moving plan that fits your timeline, budget, and priorities.

• Connect you with vetted professionals to handle packing, moving, or unpacking.

• Help you stay organized with tools like change-of-address assistance and task reminders.

It’s our way of making sure your transition feels smooth and supported.

Why We Include MoveBuddy in Our Services
We believe real estate is about more than just buying or selling a home – it’s about helping you every step of the way. Offering this service is our commitment to making your move stress-free, so you can focus on what matters most: settling into your new home.

More Than Just Moving
With MoveBuddy as part of your journey, you get:

• Confidence knowing trusted experts are managing the logistics.

• Clarity through a streamlined approach to what can be a chaotic process.

• Peace of mind as you look forward to your next chapter.

Our job doesn’t end when the sale closes – we’re here to help you transition smoothly and comfortably into your new home.

Let’s make your move the easiest part of the process. When you choose us, you’re not just getting a Realtor – you’re gaining a partner committed to making your real estate journey as enjoyable as possible.

Buying a home is a big deal—probably one of the most significant investments you’ll ever make. And let’s face it, the quality of nearby schools can make or break your long-term happiness with that purchase. Doing your homework (pun intended) by researching, asking the right questions, and visiting schools will give you the confidence to make the right move. Whether you’re buying as a parent or an investor, prioritizing great schools is just smart—it pays off in lifestyle and property value.

So, what’s next? If you’re ready to find a home in a community with top-notch schools, let’s talk. I’ll guide you every step of the way and make sure you feel like family while we find the perfect fit.

Always Just a call or click away!

☎️ 519-277-2800
📧 [email protected]

Let’s make your next move the right one!