Why Renters Should Watch the Waterloo Real Estate Market in 2025

Plus Insights into North Perth and Wellington County Real Estate Trends

After years of rapid price growth starting in 2020 and peaking in 2022, the Waterloo Real Estate Market has finally seen some much-needed stabilization. Certain home types — including condos, townhomes, and semi-detached properties — dropped as much as 21% by early 2023. Since then, prices in the region and in nearby markets like Wellington County and North Perth have remained relatively steady.

In fact, Waterloo Region transaction prices have slowly increased by 11% since the beginning of 2023 — signaling a more balanced market environment.

This shift, combined with recent trends in the financial sector, presents a timely opportunity — especially for those currently renting and wondering whether homeownership could finally be within reach.

Why 2025 May Be the Moment for First-Time Buyers

With interest rates trending downward and more properties on the market, Buyer conditions are improving across Southern Ontario. In fact, Months-of-Inventory (MOI) has more than doubled over the past year in the Waterloo Real Estate Market — meaning more selection, more negotiating power, and less pressure to make split-second decisions.

For Buyers watching Waterloo Region, Wellington County or North Perth this creates an opening. Prices have levelled off, but inventory is rising in entry-level market segments like condos, townhomes and semi-detached properties. This combination makes it one of the more balanced periods we've seen in recent years, and arguably a Buyer's market as we enter the Spring of 2025.

What About North Perth and Northern Wellington County Real Estate Markets?

If you're priced out of the city, the North Perth real estate market — including communities like Listowel, Monkton and Atwood — are worth a look. While prices there didn’t skyrocket to the same extent as larger centres, they’ve also held steady, making them attractive to budget-conscious buyers who want more space without sacrificing quality of life.

Meanwhile, the northern Wellington County real estate scene (covering areas like Fergus, Elora, Palmerston, Drayton, Arthur and Mount Forest) offers a strong mix of rural charm and practical access to city amenities. With many homes sitting longer on the market and sellers adjusting their expectations, it's possible to find well-maintained properties at fair market value — especially if you're prepared to negotiate.

From Rent to Ownership: What You Should Know

If you’re currently renting, now might be a great time to explore your options:

• 💰 Down payments go further when prices soften — especially for townhomes and condos
• 🏡 More listings = more leverage during offer negotiations
• 📉 Lower interest rates mean better long-term affordability
• 😌 Less competition helps reduce the stress that defined buying during the pandemic

It’s not about jumping in blindly — it’s about understanding what’s possible.

No Pressure. Just Honest Advice.

Whether you’re watching the Waterloo Real Estate Market, exploring rural options in North Perth, or considering your first home in Wellington County, now is a smart time to assess your opportunities.

As a Waterloo real estate agent, I’d be happy to walk you through what’s happening locally and help you figure out if buying makes sense for you — this year or next.

—

Brady Veitch, REALTOR® 
Red Brick Real Estate Brokerage
DealWithBrady.ca