The August 2022 edition of our Condominium Market Report will compare:

  • Number of Sales
  • Average Sale Price
  • Days on Market
  • List Price to Sale Price Ratio
  • Days on Market

… in the markets of Kitchener, Waterloo, Cambridge and Guelph.

We have pulled the most up to date statistics from the Kitchener-Waterloo Real Estate Board (KWAR) to provide you with the most comprehensive and complete report available.

OVERVIEW

Across the 4 cities we will be covering, in August there were 89 condo sales total.

August 2022 Average Condo Price:

  • Kitchener: $468,525
  • Waterloo: $$505,663
  • Cambridge: $440,643
  • Guelph: $521,596

(This report focuses exclusively on condominium units).


View Current Condo Listings for Sale


1 Year Trends


Number of Sales

August 2021 vs August 2022 | One Year Change

Kitchener: -28.2%
Waterloo: -30.2%
Cambridge: -30.0%
Guelph: -29.4%


Sale Prices

August 2021 vs August 2022 | One Year Change

Kitchener: +8.2%
Waterloo: +11.8%
Cambridge: -5.5%
Guelph: +0.4%


Price Per Square Foot ($/SQFT)

August 2021 vs August 2022 | One Year Change

Kitchener: +8.1%
Waterloo: +23.8%
Cambridge: -10.5%
Guelph: +15.1%


Percentage Sold Above Asking Price


Days to Sell (Median)

  • Over the past few months, condos have taken longer to sell, increasing from about 1 week on the market to 3-4 weeks.

All statistics gathered independently from Kitchener-Waterloo Association of REALTORS® and the Toronto Regional Real Estate Board.

This publication is not to be copied or duplicated without the express written permission of Roxanne Finn.

This publication is not intended to solicit buyers or sellers currently under contract with a brokerage.


View Current Condo Listings for Sale


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