Market Data · Updated 2026-08-08

Kitchener-Cambridge-Waterloo Multifamily Market — Data & Trends

The median Kitchener-Cambridge-Waterloo multifamily sale price is $2.5M, across 391 recorded transactions over the last 5 years of recorded sales, down 1.7% year-over-year.

Median sale price
$2.5M
25th–75th percentile
$1.4M – $6.5M
Cap rate range
n/a
Transactions recorded
391
YoY median price change
-1.7%
Down year-over-year
CMHC rental vacancy rate
+4.1%

Kitchener-Cambridge-Waterloo MultifamilyPrice & Volume Trend

Ontario, last 5 years of recorded sales.

Median Sale Price by Year
$8.4M2021$2.3M2022$2.8M2023$2.0M2024$2.0M2025
Transactions Recorded by Year
3920217620228320238420241092025
CMHC Rental Market Survey — Kitchener-Cambridge-Waterloo
2025
Vacancy rate
+4.1%
Bachelor rent
$1,442
1-Bed rent
$1,743
2-Bed rent
$2,111
3-Bed+ rent
$2,489

Source: CMHC Rental Market Survey 2025 - Turnover Units.

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Recent Comparable Transactions

Sale month and price band, rounded to protect transaction-level specifics — never the exact price or address.

Sale monthAreaProperty typePrice band
2025-12Waterloo, ONMultifamily$2.5M–$3.0M
2025-12Kitchener, ONMultifamily$500K–$750K
2025-12Kitchener, ONMultifamily$3.0M–$3.5M

Sale month and price band, rounded — not the exact sale date or price.

Related Tools & Reports

Methodology

Stats are computed from recorded commercial sale prices (CAD) for the named Census Metropolitan Area and asset class. Medians/percentiles use linear interpolation; implied cap-rate ranges appear only where enough transactions carry a recorded cap rate, otherwise null. Comps are aggregated to a municipality-level area, a rounded price band, and the sale month — never a precise address, exact price, or party name. Pages with too few transactions to differentiate are not published.

  • Dataset: EVALUAITE commercial real estate transactions, Ontario, last 5 years of recorded sales.
  • Pages are published only for a city × asset-type with at least 30 recorded transactions — thin markets are not shown, never estimated.

By the EVALUAITE Team · Data as of 2026-08-08 · Source: EVALUAITE Market Intelligence. Published from EVALUAITE's Market Intelligence platform, using EVALUAITE's proprietary Ontario transaction dataset.