Kitchener vs Waterloo: Home Prices and Housing Market Compared
In August 2026, the average home in Waterloo sold for $711,292, 6% more than the $674,204 average in Kitchener. Over the past year, the average price fell 0.7% in Kitchener and 7% in Waterloo. A single-family home averaged $772,059 in Kitchener and $909,926 in Waterloo; a condo, $339,200 and $438,629. On a home at the average price, a buyer pays $9,959 in Kitchener and $10,701 in Waterloo.
Side by side
| KitchenerAugust 2026 | WaterlooAugust 2026 | |
|---|---|---|
| Price | $674,204 average | $711,292 average |
| Yearly change in price | -0.7% | -7% |
| Homes sold | 207 (-13.4% yearly) | 103 (-9.6% yearly) |
| Detached / single-family | $772,059 | $909,926 |
| Condo / apartment | $339,200 | $438,629 |
| Land transfer tax at that price | $9,959 | $10,701 |
Latest month of each report. Prices are averages of all homes sold unless marked; conditions come from the sales-to-new-listings ratio (a buyer's market below 40%, a seller's above 60%), or for Greater Vancouver's region from sales to active listings (below 12% and above 20%). Land transfer tax is worked out on the price in the first row with the land transfer tax calculator, before any first-time buyer rebate.
Kitchener vs Waterloo Housing Market: Quick Answers
Is Kitchener more expensive than Waterloo?
No. In August 2026, the average home in Waterloo sold for $711,292, 6% more than the $674,204 average in Kitchener.
Are home prices going up in Kitchener or Waterloo?
Over the past year, the average price fell 0.7% in Kitchener and 7% in Waterloo.
Full reports and tools
- Kitchener housing market report
- Waterloo housing market report
- City vs City affordability comparison: what the same income buys in each city
- Land transfer tax calculator, with first-time buyer rebates
More comparisons
Data from the Cornerstone Association of REALTORS® Waterloo Region housing statistics (ITSO MLS® System) reports.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.