Decrease in Waterloo Region Home Sales for October 2025
In October, a total of 569 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a 6.7 per cent decrease compared to the same period last year and a decline of 18.4 per cent compared to the average number of homes sold in the previous ten years for the same month.
“While October home sales in Waterloo Region lag behind historical averages, activity did pick up compared to September,” says Christal Moura, spokesperson for the Waterloo Region market. “With more listings available than we typically see this time of year and borrowing costs beginning to ease, buyers have the opportunity to explore a wider range of options.”
Total residential sales in October included 371 detached homes (down 3.4 per cent from October 2024), and 89 townhouses (down 16.8 per cent). Sales also included 56 condominium units (down 16.4 per cent) and 49 semi-detached homes (down 2.0 per cent).
In October, the average sale price for all residential properties in Waterloo Region was $734,928. This represents a 5.6 per cent decrease compared to October 2024 and a 2.4 per cent decrease compared to September 2025.
- The average sale price of a detached home was $842,907. This represents a 4.8 per cent decrease from October 2024 and a decrease of 1.6 per cent compared to September 2025.
- The average sale price for a townhouse was $593,652. This represents an 8.2 per cent decrease from October 2024 and a decrease of 2.2 per cent compared to September 2025.
- The average sale price for an apartment-style condominium was $433,746. This represents a 10.2 per cent decrease from October 2024 and a decrease of 1.9 per cent compared to September 2025.
- The average sale price for a semi was $573,332. This represents a decrease of 11.9 per cent compared to October 2024 and a decrease of 7.7 per cent compared to September 2025.
“The Bank of Canada’s recent 0.25% rate cut and its hint that rates may hold steady could give home buyers the confidence to get preapproved for a mortgage. With a good number of homes for sale in Waterloo Region, now is a good time to talk to your Realtor® about finding a home that is right for you,” says Moura.
There were 1,236 new listings added to the MLS® System in Waterloo Region last month, an increase 7.2 per cent compared to October last year and a 28.7 per cent increase compared to the previous ten-year average for October.
The total number of homes available for sale in active status at the end of October was 2,056, an increase of 23.6 per cent compared to October of last year and 90.2 per cent above the previous ten-year average of 1,081 listings for October.
The total inventory across the market increased by 30.0 percent, resulting in a 3.9-month supply of all property types by the end of October. Condominium apartments had the highest inventory, with 7.6 months’ supply, followed by townhouses with 4.7 months’ supply and detached homes with 3.1 months’ supply. The number of months of inventory represents the time it would take to sell all current inventories at the current sales rate.
The average time to sell a home in October was 31 days, one day less than the previous month. In October 2024, it took 27 days for a home to sell, and the five-year average was 19 days.
There were 1,236 new listings added to the MLS® System in Waterloo Region last month, an increase 7.2 per cent compared to October last year and a 28.7 per cent increase compared to the previous ten-year average for October.
The total number of homes available for sale in active status at the end of October was 2,056, an increase of 23.6 per cent compared to October of last year and 90.2 per cent above the previous ten-year average of 1,081 listings for October.
The total inventory across the market increased by 30.0 percent, resulting in a 3.9-month supply of all property types by the end of October. Condominium apartments had the highest inventory, with 7.6 months’ supply, followed by townhouses with 4.7 months’ supply and detached homes with 3.1 months’ supply. The number of months of inventory represents the time it would take to sell all current inventories at the current sales rate.
The average time to sell a home in October was 31 days, one day less than the previous month. In October 2024, it took 27 days for a home to sell, and the five-year average was 19 days.
The statistics provided are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
Getting Your Home Ready for Winter: Essential Tips
As November begins, it's time to prepare your home for the winter months ahead. A little effort now can help you save money on heating bills and provide additional comfort during the colder months. Here's a simple guide to getting your home winter-ready.
Seal Those Drafts
One of the biggest culprits of winter heat loss is air leaks. Check for drafts around windows and doors. Use weatherstripping to seal gaps and consider applying plastic window film to create an extra barrier against cold air.
Service Your Heating System
If you haven't already, make sure that your heating system is in good working order for the season. Schedule an HVAC professional to inspect your furnace, clean or replace the filters, and ensure the vents are unobstructed. If you have a fireplace, have it cleaned and inspected to ensure safe and efficient operation.
Insulate Pipes & Turn Off Outdoor Water Supply
Cold temperatures can cause water pipes in unheated areas to freeze and burst. Insulate plumbing pipes located next to exterior walls or in unheated areas of the home, such as basements, crawlspaces and attics. Outside, disconnect and store any hoses and shut off the water supply to the outdoor faucets using the interior shut-off valve.
Stock Up on Supplies
Winter weather can bring storms that may leave you snowed in. Stock your pantry with non-perishable food items and make sure you have enough supplies, like batteries, flashlights, and a first-aid kit. It's also wise to keep salt or sand on hand for icy walkways and driveways.
Test Smoke & Carbon Monoxide Detectors
With increased use of heating appliances, the risk of fire and carbon monoxide poisoning can rise. Test your smoke & carbon monoxide detectors to ensure they're functioning correctly. Replace batteries if needed and keep a fire extinguisher easily accessible.
Get a Programmable Thermostat
Consider investing in a programmable thermostat to manage your home's temperature better. Setting it to lower temperatures while you're away or asleep can save you significant money on heating throughout the winter months.
Adjust Ceiling Fans
If you have ceiling fans, it's a good idea to adjust the blade direction during the colder months. Since cold air tends to stay near the floor and warm air rises, adjusting the fan direction from counterclockwise to clockwise can help maintain a comfortable room temperature. This change helps push warm air down the walls and across the floor.
