By Shaw Hasyj | Owner, Sales Representative | Shaw Realty Group, Brokerage, Cambridge, Ontario
The local real estate board released its September numbers on October 5. Here’s what they say, in plain words, for anyone buying or selling in Cambridge, Kitchener or Waterloo.
The numbers come from the Cornerstone Association of REALTORS® (our local real estate board). I’ll post a new update every month.
Cambridge Ontario housing market 2026: September at a glance
The short answer: In September 2026, prices were a little lower than a year earlier and home sales across the Cornerstone area were down 17.8% from last year, with supply unchanged at 4.6 months, so buyers faced less competition and had time to negotiate. A typical home in Cambridge was $662,700, down 4.1% from a year ago, according to the Cornerstone Association of REALTORS. Homes that were priced right still sold in about a month.
| September 2026 | Number |
|---|---|
| Typical home price in Cambridge (benchmark) | $662,700 |
| Typical home price in Kitchener-Waterloo (benchmark) | $630,200 |
| Home sales vs. September 2025* | Down 17.8% |
| Months of supply* | 4.6 months |
| Average days on market* | 40 days |
*Across all Cornerstone market areas: Waterloo Region plus Hamilton-Burlington, Mississauga, Niagara North, Haldimand and Norfolk. Source: Cornerstone Association of REALTORS®, September 2026 market update, Oct 5, 2026.
What it means for buyers: You have more homes to choose from and more time to decide, so don’t rush.
What it means for sellers: The right price from day one matters more than it did a few years ago.
How much is a house in Waterloo Region right now?
The short answer: In September 2026, a typical home (MLS Home Price Index benchmark) was $662,700 in Cambridge and $630,200 in Kitchener-Waterloo, about 4% to 6% less than a year earlier, according to the Cornerstone Association of REALTORS. Detached houses usually cost more; condos and townhouses usually cost less.
| Area | Typical home price (Sept 2026) | vs. August | vs. last year |
|---|---|---|---|
| Cambridge | $662,700 | Down 0.6% | Down 4.1% |
| Kitchener-Waterloo | $630,200 | Up 0.3% | Down 5.6% |
What’s a “benchmark” price? It tracks a typical home, so one big sale doesn’t throw it off. That’s why I use it instead of the average.
Prices barely moved from August. They’re lower than a year ago, but not falling fast.
Is it a good time to buy a house in Kitchener?
The short answer: For many buyers, yes. The Kitchener-Waterloo benchmark price was $630,200 in September 2026, down 5.6% from a year earlier, and the market is fairly balanced, so buyers can usually take time to look and include a home inspection. Waterloo Region had 3.8 months of supply, the lowest of all Cornerstone market areas.
The board’s CEO, Bill Duce, says the market is “adjusting rather than moving uniformly in one direction.” In plain words: it’s not hot, and it’s not crashing.
Waterloo Region is a bit tighter than the wider Cornerstone area, with 3.8 months of supply (CityNews Kitchener). Sales here were down 18.9% from a year earlier.
What that means in practice:
- You can usually take time to view a few homes.
- Conditions like a home inspection are more common again.
- Good homes in popular areas can still sell quickly.
Is it a good time to sell a house in Cambridge or Waterloo Region?
The short answer: Yes, if the home is priced right from day one and shows well. Fewer homes are selling than last year, so overpriced homes tend to sit. Homes in Cambridge sold in 30 days on average in September 2026.
New listings jumped 33.5% from August as sellers came back after summer. But there were still 18.8% fewer than last September.
So you’ll have some competition, but not a flood.
Cambridge saw the biggest drop in sales in the region, about 35% fewer than last September (CityNews Kitchener, same link as above). The buyers who are out there still move quickly on the right home.
How long does it take to sell a house in Waterloo Region?
The short answer: About a month. Homes in Cambridge sold in 30 days on average in September 2026. Across all Cornerstone Association of REALTORS market areas the average was 40 days, up from 37 days in September 2025.
That’s a little slower than last year. In Cambridge, homes took 20% longer to sell than a year earlier.
What is “months of supply”? It’s how long it would take to sell every home on the market if no new ones were listed. Across Cornerstone it was 4.6 months, the same as last September.
Why work with Shaw Realty Group?
- Local: Our office is at B201, 215 Queen St W in Cambridge. We work across Cambridge, Kitchener, Waterloo, Guelph and Huntsville.
- Award-winning: Voted Cambridge’s favourite real estate brokerage in the CambridgeToday Reader Favourites 2026, and a Platinum Winner in the Best of Waterloo Region Readers’ Choice in 2025 and 2026.
- In the local news: I talked about the balanced Waterloo Region market on CTV News Kitchener on July 20, 2026.
- Straight talk: Our advice is based on the latest board numbers and recent sales on your street.
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Have a question? Call or text me at 519-651-9057, or call the office at 1-800-764-8138.
About the author
Shaw Hasyj (Owner, Sales Representative) leads Shaw Realty Group, Brokerage, B201, 215 Queen St W, Cambridge, Ontario N3C 1G6. He helps buyers and sellers in Cambridge (Galt, Preston, Hespeler), Kitchener, Waterloo, Guelph and Huntsville.
Market numbers are from the Cornerstone Association of REALTORS® September 2026 market update (Oct 5, 2026) unless noted. Numbers marked with * cover all Cornerstone market areas, not only Waterloo Region. This article is general information, not financial advice.