Good Morning,

 

With March here, spring is just around the corner, bringing what is typically the busiest season for real estate. Whether you're thinking about selling or just keeping an eye on the market, there are some important trends to watch.

 

February saw fewer home sales in Waterloo Region, largely due to economic uncertainty, tariff concerns, and a super snowy winter. However, new listings are increasing, prices remain stable, and buyer interest is holding strong—all signs that the market may be shifting.

 

One key factor to watch is the Bank of Canada’s next rate announcement on March 12. Experts predict another rate cut, potentially lowering the lending rate to 2.75%. If that happens, we’ll likely see more buyers entering the market, creating great opportunities for sellers this spring.

 

Check out the full Waterloo Region real estate market update below for a closer look at the latest trends. If you have any questions about what this means for you, or if you're thinking about making a move, let’s connect!

Waterloo Region Real Estate Market Update – February 2025

In February, 363 homes were sold in the Waterloo Region through the MLS® System, marking a 26.1% decrease from last year and a 38.8% drop from the 10-year average for the month.

 

 

February’s home sales were impacted by economic uncertainty, concerns over employment, and heavy snowfall, which created challenges for buyers and sellers. However, we’re seeing positive signs, including a rise in new listings, steady home prices, and ongoing mortgage pre-approvals.

 

 

 

The average time to sell a home was 24 days, down from 34 days in January, matching the 24-day average from February 2024 but still above the five-year average of 15 days.

 

On March 12, the Bank of Canada will make its next lending rate announcement, which could influence buyer activity in the coming months. TD Economics predicts the central bank will cut its lending rate by 25 basis points, bringing it down to 2.75%.

If this happens, borrowing costs will become more affordable, potentially increasing buyer demand just as the spring market—historically the busiest season—gets underway. In January, the BoC already lowered rates from 3.25% to 3%, and further cuts are expected throughout 2025, with TD forecasting a lending rate of 2.25% by year-end.

 

As we navigate the shifting market, it’s important to note that while sales are down, the rise in inventory presents great opportunities for buyers. If the Bank of Canada lowers rates in March as predicted, we could see increased buyer demand just as the spring market ramps up. With more buyers actively searching, sellers who list early in the season may benefit from stronger interest and more competitive offers.

 

If you’re thinking of buying or selling this spring, let’s connect and create a strategy that works best for you.

 

Looking forward to hearing from you!

 

 

becky@elitere.ca | drew@elitere.ca

519-841-6511 | 519-500-2805

VIEW ALL OF OUR

This lakefront estate in River Oak Estates spans over 9,100 SF of living space with 5 beds, 6 baths, a grand foyer, great room, chef’s kitchen, and a luxurious primary suite. The lower level features a home theatre and nanny/in-law suite. Outdoors, enjoy a pool, patios, an outdoor kitchen, and a lakefront gazebo. Prime location near Kiwanis Park, the Grand River, and top schools.

4-bed, 3-bath, 3,083 SF home in Clair Hills with a walk-out basement and in-law suite potential. Bright, open layout, hardwood floors, gourmet kitchen with deck access, and scenic family room views. Luxury primary suite, spacious bedrooms, and bonus upper family room. Prime location near top schools, The Boardwalk, Costco, trails and universities.

Tap each image below to see more 

property information.

Luxury isn’t always about big-budget renovations, it’s about the small details that make a home feel intentional and well-designed. Thoughtful upgrades can completely change the feel of a space, making it look polished and expensive without a major overhaul. Here are three upgrades that make a real impact.

 

1. Layered Lighting for a Warm, Elevated Look:

 

Lighting does more than brighten a space, it sets the entire mood. Instead of relying on a single overhead fixture, try layering different light sources like wall sconces, table lamps, or under-cabinet lighting to create warmth and depth. A well-lit space instantly feels more inviting and high-end.

 

💡 Pro tip: Swapping standard light switches for dimmers is an easy, budget-friendly way to customize your lighting and create a more tailored ambiance.

 

 

Sometimes, the smallest updates make the biggest impact. Replacing door handles, cabinet pulls, and faucets can instantly give your home a more refined look. If your hardware still has a shiny chrome finish, switching to brushed nickel, matte black, or warm brass can create a more modern, custom feel.

 

💡 Pro tip: Swapping light switch plates and vent covers to sleek, minimal designs is an easy way to make a space feel more thoughtfully finished.

 

 

Flat, bare walls can make a space feel unfinished, but adding texture and dimension can make a home feel more custom. Simple upgrades like picture frame moulding, slatted wood panels, or a fresh coat of paint in a warm, rich tone can instantly change a space. If you're looking for something lower-commitment, limewash or textured paint can add depth without major renovations.

 

💡 Pro tip: Opt for neutral, earthy tones that add warmth and sophistication, deep taupe, warm greys, and soft beiges feel current yet timeless.

 

By focusing on details that people see and interact with daily, you can create a space that feels polished and high-end, without a big budget.