Ottawa vs Kitchener-Waterloo: Home Prices and Housing Market Compared
In September 2026, the average home in Waterloo Region sold for $702,817, 3% more than the $685,640 average in Ottawa. Over the past year, the average price fell 1% in Ottawa and 6.6% in Waterloo Region. A single-family home averaged $823,449 in Ottawa and $812,433 in Waterloo Region; a condo, $431,645 and $394,439. Both are buyer's markets (sales at 34.5% and 34% of new listings). On a home at the average price, a buyer pays $10,188 in Ottawa and $10,531 in Waterloo Region.
In this comparison, Kitchener-Waterloo is Waterloo Region, as its local board reports it.
Waterloo Region is Kitchener, Waterloo, Cambridge and the four townships. Each city's own figures are in our Waterloo Region housing market report.
Side by side
| OttawaSeptember 2026 | Waterloo RegionSeptember 2026 | |
|---|---|---|
| Price | $685,640 average | $702,817 average |
| Yearly change in price | -1% | -6.6% |
| Homes sold | 1,010 (-6.6% yearly) | 413 (-18.7% yearly) |
| Detached / single-family | $823,449 | $812,433 |
| Condo / apartment | $431,645 | $394,439 |
| Days on market | 27 days median | 33 days |
| Market conditions | Buyer's market (34.5% sales to new listings) | Buyer's market (34% sales to new listings) |
| Months of inventory | 4.8 | 3.8 |
| Land transfer tax at that price | $10,188 | $10,531 |
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.
Ottawa vs Kitchener-Waterloo Housing Market: Quick Answers
Is Ottawa more expensive than Kitchener-Waterloo?
No. In September 2026, the average home in Waterloo Region sold for $702,817, 3% more than the $685,640 average in Ottawa.
Are home prices going up in Ottawa or Kitchener-Waterloo?
Over the past year, the average price fell 1% in Ottawa and 6.6% in Waterloo Region.
Is it easier to buy in Ottawa or Kitchener-Waterloo?
Neither has the edge. Both are buyer's markets (sales at 34.5% and 34% of new listings).
Full reports and tools
- Ottawa housing market report
- Waterloo Region 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
- Toronto vs Vancouver
- Toronto vs Calgary
- Vancouver vs Calgary
- Calgary vs Edmonton
- Toronto vs Montreal
- Montreal vs Quebec City
- Montreal vs Gatineau
- Quebec City vs Gatineau
- Toronto vs Ottawa
- Ottawa vs Montreal
- Ottawa vs Calgary
- Ottawa vs Vancouver
- Ottawa vs Edmonton
- Ottawa vs Winnipeg
- Ottawa vs Halifax
- Ottawa vs Hamilton
- Ottawa vs Gatineau
- Mississauga vs Brampton
- Markham vs Richmond Hill
- Oakville vs Burlington
- Kitchener vs Waterloo
- North Vancouver vs West Vancouver
- Hamilton vs Burlington
The statistics on this page belong to the Ottawa Real Estate Board (OREB) and the Cornerstone Association of REALTORS®. You may quote them with credit and a link: see using our data.
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.