V105 CITY PROFILE · ON

Kitchener-Waterloo

Slack rental + rising prices · baseline updated February 2026.

OFFICIAL MLS® HPI · AUGUST 2026

A more current benchmark, with its geography attached.

Published September 15 · 19 exact market series available · verified October 6, 2026

These unadjusted MLS® HPI benchmark prices model a typical home. They are not average sale prices, medians, active asking prices or property valuations. Board-market coverage may extend beyond city limits; the source geography is shown on every row.

August 2026 composite benchmarks · nominal CAD · not seasonally adjusted
Market	Exact reporting geography	Composite benchmark	Year-over-year change
Kitchener-Waterloo	Kitchener-Waterloo	$628,300	-5.99%

Why the numbers can differ from a local report

A CREA board-market benchmark and a CREB city-only benchmark can cover different geographies or months. Calgary’s August CREA series is the broader Calgary HPI market; the September CREB city figure is separately shown on our Calgary regional dashboard. Do not treat them as one consecutive series.

Year-over-year change is calculated from the same market’s published composite benchmark for August 2026 and August 2025, using rounded source prices. It may differ slightly from growth calculated using an unrounded HPI index. Exact Kelowna and Charlottetown series were not supplied in this archive; broader Interior BC and PEI series are deliberately not substituted.

Official CREA benchmark workbook archive · Check publication freshness

Benchmark price$765,000↗ 3.6%

Average 2BR rent$1,8324.1% vacancy

Estimated mortgage$3,977/mobaseline assumption

Population575.8K2021 census baseline

Market scores

Affordability41

Relative purchasing accessibility compared with local incomes.

Rental competition29

Higher scores indicate a tighter rental market.

Investment potential23

Composite yield, growth and market-balance signal.

New construction28

Recent housing construction and permit momentum.

Market activity60

Price movement and buyer-activity conditions.

Buyer demand63

Population, migration and housing-demand pressure.

Housing supply54

How closely housing supply is keeping pace with demand.

Overall score42

Combined market, affordability, supply and demand rating.

Housing economics

Price-to-rent ratio: 34.8
Gross rent yield: 2.87%
Payment-to-rent ratio: 2.171×
Building permits: $156M
Stress-test rate: 8.09%
Historical payment median: $4,501