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City in Ontario

Condos for sale in Waterloo

Name: HOMEH Market Pulse — Waterloo closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 129 condos and apartments for sale in Waterloo today, with a median asking price of $399,000 (-31% vs. all homes in Waterloo). 20 are new condos in Waterloo, under five years old. The most active neighbourhoods are Downtown Waterloo, Beechwood/University and Colonial Acres.

community-oriented family-friendly active

121,436 people lived in Waterloo at the 2021 Census, in 46,995 households. 61% of households owned their home and 39% rented. The most common homes were single-detached houses (49%) and apartments in buildings of five or more storeys (22%). 33% of homes were built before 1981, and 17% since 2011. 84% of commuters went to work by car and 6% by public transit.

Population of 121,436

Waterloo, Ontario

Condos in Waterloo

Day to dayLivability

Walkability

out of 100 · averaged over 19,770 past and present listings

Average walk score reported on listings here

6.7

Schools near listings

out of 10 · averaged over 19,770 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$575,000

20% below Ontario

In Waterloo

$575,000

In Ontario

$716,900

Median monthly rent

$2,200/mo

12% below Ontario

In Waterloo

$2,200

In Ontario

$2,499

$626

Per square foot

≈ 21.8 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

341

Median $575,000

Condos 189 · Houses 152

For rent

142

Median $2,200

Condos 83 · Houses 59

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Good variety of amenities and services
Family-friendly with parks and schools
Relatively affordable compared to province median
Active community with many restaurants and cafes

Keep in mind

Prices are above the city average
Limited public transit options

The feel of the placeLifestyle

Daily life in Waterloo offers a balance of urban and suburban feel, with plenty of recreational options. Residents enjoy access to parks, schools, and dining.

Great for first-time buyers families students

Within the boundaryWhat's nearby

The boundary

64.9 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

279

Parks

165

Playgrounds

Transit stations

Grocery stores

165

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 64.9 km² of Waterloo. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.1/10

Average rating of the 31 rated schools in this area

Elementary

Secondary

Abraham Erb Public School
Public · Grades JK–6 · Waterloo Region DSB
9.3/108.9 over 5 yrs
53rd of 3,045 Ontario elementary schools
395 students · EQAO 2024-2025
Laurelwood Public School
Public · Grades JK–8 · Waterloo Region DSB
9.1/109.0 over 5 yrs
77th of 3,045 Ontario elementary schools
705 students · EQAO 2024-2025
Vista Hills Public School
Public · Grades JK–8 · Waterloo Region DSB
9.1/108.2 over 5 yrs
77th of 3,045 Ontario elementary schools
775 students · EQAO 2024-2025
N A MacEachern Public School
Public · Grades JK–6 · Waterloo Region DSB
8.8/107.8 over 5 yrs
118th of 3,045 Ontario elementary schools
260 students · EQAO 2024-2025
Laurel Heights Secondary School
Public · Grades 9–12 · Waterloo Region DSB
8.7/108.2 over 5 yrs
33rd of 742 Ontario secondary schools
1,765 students · EQAO 2024-2025
Millen Woods Public School
Public · Grades JK–6 · Waterloo Region DSB
8.6/108.1 over 5 yrs
150th of 3,045 Ontario elementary schools
275 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Waterloo, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

121,436

Population (2021)

64.1 km²

Area

1,896

People per km²

38.6

Median age

$106,051

Median income

61%

Own their home

2.6

People per household

46,995

Households

Every age

Children (under 15)14.5%
Working age (15–64)70.1%
Seniors (65+)15.4%

What is built here

Detached houses49.3%
Semi-detached4.4%
Townhouses11.4%
Duplexes2.1%
Low-rise apartments10.6%
High-rise apartments22%

Own or rent

61%Owners

39%Renters

Across 46,995 households

When it was built

Mostly 1961–1980

1960 or earlier9%
1961–198023%
1981–199018%
1991–200016%
2001–200510%
2006–20105%
2011–20156%
2016–202111%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

27.5%
Born outside Canada: 43.6%
Hold a degree or higher: 57.7%
Employment rate: 6%
Commute by transit: 83.9%
Commute by car: 1.8
Children per family: $90,684
Median income after tax: $128,301
Average household income: 11.4%
Living on a low income: $1,587/mo
Renters pay, per month: $1,454/mo
Owners pay, per month: $715,738
Median home value at census: 28.4%
Renters spending 30%+ of income on housing: 15.6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 155 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Condo apartments only Through September 2026 Deep sales history

What Condos in Waterloo Sell For

223 condos changed hands in Waterloo over the 12 months to September 2026. Half sold above $404,413 and half below, 5.6% lower than the 12 months before. A typical condo found its buyer in 45 days — 4 days slower than a year ago.

Median sold price: $404K; -5.6% year over year
Days to sell: 45; 4 days slower
Sales closed: 223; last 12 months
Per square foot: $483; from 201 sized sales

Three years of sold prices

The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one condo here differs from the next.

$601K$488K$375K$262K

Feb ’24Dec ’24Nov ’25Sep ’26

Median sold price Middle half of sales

What buyers actually paid

$962,000

on a $1,000,000 asking price — under ask by $38,000

−10%Asking price+10%

Of the asking price: 96.2%
Sold over asking: 10.8%

From 223 sales that closed here in the last 12 months.

Rent or buy in Waterloo

17.1 years

of rent, at the going rate here, adds up to what a condo here costs.

Median sold price

$404,413

223 sales

Median rent

$1,967/mo

335 leases

Gross rental yield

5.84%

before costs

Both figures come from deals that actually closed in Waterloo over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

How fast it moves

Median days on market, month by month. Taller means slower.

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Waterloo, sales

Monthly closed sales in Waterloo
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	7	$355,000	$305K – $480K	49	95.2%
Aug 2026	19	$422,500	$362K – $509K	48	96.2%
Jul 2026	24	$356,500	$285K – $411K	49	95.0%
Jun 2026	29	$395,000	$325K – $453K	31	96.9%
May 2026	25	$400,000	$365K – $495K	38	96.1%
Apr 2026	19	$352,500	$288K – $480K	39	95.8%
Mar 2026	19	$355,000	$298K – $455K	39	96.0%
Feb 2026	18	$439,500	$365K – $564K	37	97.1%
Jan 2026	17	$451,000	$400K – $500K	65	96.0%
Dec 2025	17	$405,000	$340K – $445K	58	96.2%
Nov 2025	14	$457,500	$349K – $498K	56	96.9%
Oct 2025	15	$490,000	$368K – $549K	49	96.7%
Sep 2025	16	$361,000	$330K – $460K	34	97.3%
Aug 2025	22	$376,400	$336K – $440K	39	96.9%
Jul 2025	23	$440,000	$373K – $500K	52	97.5%
Jun 2025	28	$395,500	$356K – $540K	37	96.3%
May 2025	19	$460,000	$383K – $558K	34	96.8%
Apr 2025	21	$395,000	$365K – $520K	50	98.8%
Mar 2025	23	$490,000	$400K – $546K	33	97.0%
Feb 2025	16	$422,750	$376K – $476K	34	97.1%
Jan 2025	17	$450,000	$410K – $471K	52	98.6%
Dec 2024	13	$470,000	$440K – $514K	58	96.5%
Nov 2024	15	$420,000	$376K – $473K	29	95.7%
Oct 2024	14	$487,500	$403K – $517K	42	96.7%
Sep 2024	16	$430,000	$406K – $505K	32	96.4%
Aug 2024	21	$476,000	$420K – $520K	41	98.1%
Jul 2024	31	$447,000	$403K – $521K	53	97.9%
Jun 2024	18	$504,750	$442K – $578K	40	97.3%
May 2024	24	$516,500	$487K – $560K	22	98.1%
Apr 2024	29	$485,000	$432K – $540K	26	98.8%
Mar 2024	18	$497,500	$424K – $538K	25	99.0%
Feb 2024	8	$490,000	$446K – $524K	13	98.8%

What people ask about Waterloo

How much does a condo cost in Waterloo?

Condos in Waterloo sold for a median of $404,413 over the 12 months to September 2026, across 223 closed sales — half sold for more and half for less. That is 5.6% lower than the 12 months before it.

How long does it take to sell a condo in Waterloo?

A condo in Waterloo took a median of 45 days on the market over the 12 months to September 2026. Condos there closed at 96.2% of the asking price on average, with 10.8% selling over asking.

How much is rent for a condo in Waterloo?

The median condo lease in Waterloo closed at $1,967 a month over the 12 months to September 2026, across 335 leases.

Is it cheaper to rent or buy a condo in Waterloo?

A condo in Waterloo costs about 17.1 years of the rent on one — the median price of $404,413 against a median rent of $1,967 a month, a gross yield of 5.84%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from sales reported closed in Waterloo on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one condo. Not an appraisal or an opinion of value.

Questions, answered

Common questions about condos for sale in Waterloo

How much is a condo in Waterloo?

The median asking price of the 129 condos for sale in Waterloo is $399,000, from $209,900 to $1,499,000. 124 are listed under $700K.

Condos under $700K in Waterloo

What are typical condo fees in Waterloo?

128 of the 129 condos for sale in Waterloo list a monthly maintenance fee. The median is $522/mo, and the middle half pay between $406 and $780 a month.

Work out what you can afford

Which Waterloo neighbourhoods have the most condos for sale?

Downtown Waterloo has the most, with 43 condos for sale, followed by Beechwood/University (39) and Colonial Acres (14).

Homes for sale in Downtown Waterloo

Keep looking

More Condos for Sale in Waterloo

341 homes are for sale in Waterloo. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.