The official board numbers for Kitchener-Waterloo, Cambridge, and London are still sitting on July's figures — Cornerstone and LSTAR haven't published August yet, so this snapshot barely moved from last issue. That's normal lag, not a stalled market. What actually did move in the last two weeks is visible at the neighbourhood level, where daily-updated pricing tools show real shifts the board stats won't confirm for another week or two.
Market Snapshot (Latest Published Data)
- Kitchener-Waterloo-Cambridge (blended): $706,240 — down 3.9% year-over-year, 3.9 months of supply (balanced market).
- Kitchener-Waterloo (benchmark): $633,300 — down 5.5% year-over-year, down 1.3% month-over-month.
- Cambridge (benchmark): $662,100 — down 6.3% year-over-year, down 1.3% month-over-month.
- London: $603,006 — down 7.0% year-over-year, 4.9 months of inventory (benchmark $557,000, down 4.0% year-over-year).
- St. Thomas: ~$539,189 average active-listing price (Aug 17 snapshot), 634 active listings.
Board data for Kitchener-Waterloo, Cambridge, and London is still July 2026's release, published August 11 — August figures haven't come out yet. The St. Thomas figure is a fresher active-listing snapshot, not a board benchmark, so don't compare it directly to the other four.
What This Means For You
City-wide, this is a quiet stretch — the board numbers for three of five markets haven't even updated yet. The real signal is underneath: neighbourhood-level tools that refresh in real time are already showing where individual pockets are gaining or losing ground relative to their own peers, which is a different question than whether the raw price went up or down. A rising price at the bottom of a neighbourhood leaderboard is a weaker position than a flat price near the top, and the city-wide average can't tell you which one you're looking at.
Andy's Take
What actually stands out to me this issue has nothing to do with the city-wide figures — it's that East Galt in Cambridge posted a 0.20% price gain and still slid to 14th out of 14 on its own neighbourhood growth leaderboard. A rising number and a strengthening market position are two different things, and that gap only shows up once you stop reading city averages. Rosemount pulled off something I rarely see, with both its houses and condos climbing in the same month, and Argyle's condo segment in London is now the 5th-fastest-growing out of 39 tracked pockets, well before most buyers have caught on. The boards will eventually publish numbers that confirm all of this — I'd rather my clients act on what the neighbourhood data is already telling us.
Explore Each Market
I've broken out a full neighbourhood-by-neighbourhood guide for each of the five markets this issue — Kitchener, Waterloo, Cambridge, London and St. Thomas — including a demand score downgrade in Cambridge and a sleeper condo market in London most buyers haven't caught onto yet.
Got a question about your street?
Neighbourhood-level figures above are drawn from public market-report aggregators and real-time pricing tools, not pulled directly from MLS sold data — reach out and I'll pull the real comps for your specific street or building before you act on anything here.
