09/03/2026
🏡 Did home prices just drop 27% in one month?!
Technically, in one of the markets I track… yes.
But this is exactly why I tell buyers and sellers: don’t make a real estate decision based on one headline.
August was all over the map.
📍 Guelph prices ↓ 1.5%, while sales ↑ 6.6%
📍 Fergus prices ↓ 2.4%, while sales ↑ 38.1%
📍 Elora prices ↑ 11.2%, with sales ↑ 30%
📍 Cambridge prices ↑ 7.0%
📍 Waterloo remained relatively steady at ↑ 1.0%
And then there’s Puslinch ↓ 27.4% and Guelph/Eramosa ↓ 20.2%.
Before you panic—or celebrate—there were only 6 sales in Puslinch and 3 in Guelph/Eramosa during August. A few properties can dramatically move an average in smaller markets.
That’s why context matters.
🔑 FIRST-TIME BUYERS: There are properties sitting longer, fewer buyers competing in certain markets and opportunities to negotiate. Don’t assume you have to wait for some massive market crash to get an opportunity.
🏡 UPSIZERS: A softer market isn’t necessarily bad news. If the home you’re buying has come down more in dollars than the home you’re selling, the move-up gap can actually get smaller.
The question isn’t simply:
“Is the market up or down?”
It’s:
“What is happening in MY price range, in MY neighbourhood, and does it create an opportunity for MY move?”
That’s the conversation I’m having with my clients heading into the fall market.
Thinking about buying your first home or selling and moving up?
📩 DM me “MOVE” and let’s run the numbers.
