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The Details Matter

Wellington County - February 2026

BUYER’S MARKET

The Wellington County’s real estate market remained in buyer’s market territory this period, as inventory growth continued to outpace demand.  The median sale price declined 4.86% to $740,000, while the average sale price rose modestly by 0.95% to $807,699. Sales volume decreased 5.78% to $142.48M, driven by a 6.35% drop in unit sales to 177 transactions.  New listings increased 7.56% to 484 and expired listings climbed 43.86% to 82, reflecting mounting supply pressures. With a unit sales-to-listings ratio of 36.57%, down 5.43% year over year and below the 39% threshold, conditions continue to favour buyers across Wellington County.

City of Guelph - February 2026

BUYER’S MARKET

The City of Guelph’s real estate market continued to reflect buyer-leaning conditions this period, as rising inventory levels outpaced sales activity. The median sale price declined 10.03% to $700,000, while the average sale price fell 10.25% to $713,343. Sales volume decreased 20.72% to $75.61M, driven by an 11.67% reduction in unit sales to 106 transactions. Meanwhile, new listings increased 21.17% to 254 and expired listings rose sharply by 45.45% to 32, signalling growing competition among sellers. With a unit sales-to-listings ratio of 41.73%, down 2.88% year over year, the market remains balanced but trending in favour of buyers as supply continues to build.

Centre Wellington - February 2026

Guelph/Eramosa - February 2026

BUYER’S MARKET

Guelph/Eramosa moved into buyer’s market territory this period, as a sharp rise in inventory outpaced even the significant rebound in sales activity. The median sale price increased 3.61% to $861,500, while the average sale price remained virtually flat, down just 0.01% to $885,010. Sales volume surged 79.98% to $15.93M, driven by an 80% increase in unit sales to 18 transactions. However, new listings doubled, rising 100% to 36, and expired listings climbed 66.67% to 5, reflecting expanding supply. With a unit sales-to-listings ratio of 50.00%, down 5.56% year over year, conditions are shifting toward buyers as inventory growth begins to temper seller leverage.

Hamilton - February 2026

BALANCED MARKET

The Hamilton real estate market remained balanced this period, as softer sales activity and declining prices were offset by reduced inventory levels. The median sale price decreased 3.87% to $670,000, while the average sale price fell 5.96% to $719,854. Sales volume declined 22.7% to $238.27M, driven by a 17.87% drop in unit sales to 331 transactions. New listings fell 19.79% to 758 and expired listings decreased 9.65% to 103, reflecting moderated supply conditions. With a unit sales-to-listings ratio of 43.67%, up 1.02% year over year, market conditions continue to reflect a balanced environment supporting both buyers and sellers in Hamilton.

Halton Hills - February 2026

BUYER’S MARKET

The Halton Hills’ real estate market remained in buyer’s market territory this February, as declining sales activity and rising expirations continued to shift leverage toward purchasers. The median sale price slipped 1.91% to $900,000, while the average sale price decreased 4.26% to $992,447.  Sales volume dropped 31.68% to $29.77M, driven by a 28.57% decline in unit sales to 30 transactions. New listings fell 23.33% to 92, while expired listings surged 220% to 16, highlighting growing challenges for sellers.  With a unit sales-to-listings ratio of 32.61%, down 2.39% year over year and well below the 39% threshold, market conditions continue to favour buyers in Halton Hills.

Waterloo - February 2026

BALANCED MARKET

The Waterloo Region real estate market remained in buyer’s market territory this period, as declining sales and softer pricing continued to shape market conditions. The median sale price fell 4.17% to $690,000, while the average sale price decreased 5.38% to $727,206.  Sales volume declined 11.26% to $252.34M, driven by a 6.22% drop in unit sales to 347 transactions. New listings decreased 15.59% to 742, while expired listings surged 73.68% to 165, highlighting increased pressure on sellers. With a unit sales-to-listings ratio of 46.77%, up 4.67% year over year, conditions remain favourable for buyers as supply continues to outweigh demand.

Cambridge - February 2026

BALANCED MARKET

Cambridge’s real estate market remained balanced this period, as moderating sales activity was met with tighter inventory levels.  The median sale price declined 3.68% to $654,950, while the average sale price fell 9.89% to $661,524. Sales volume dropped 24.5% to $61.52M, driven by a 16.22% decrease in unit sales to 93 transactions. New listings declined 25.54% to 172, though expired listings rose 57.89% to 30, reflecting some increased pressure on sellers. With a unit sales-to-listings ratio of 54.07%, up 6.02% year over year, conditions continue to reflect a balanced market, supporting both buyers and sellers in Cambridge.