Photo: Kitchener-Waterloo Record · Public domainHomes in Cambridge are worth a median $650,000
The census of 2021 asked 35,310 owner households what their home was worth. The census asks owners what their home would sell for, so the values are estimates from May 2021. For Cambridge there is no published sale price, as for every town in Ontario.
What Cambridge’s homes are worth, two ways
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. Ontario still assesses at 2016 values (MPAC’s 1 January 2016 base): a figure to set against other Ontario towns, not against prices.
median, owners’ estimate
- Average
- $690K
- Owners
- 35,310
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Cambridge’s houses sit 33% above Ontario’s towns
The 2024 assessment roll counts 42,615 homes in Cambridge: detached houses make 70% of them, condos 5%.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
The homes of Cambridge, by period and type
51,270 occupied homes stood in Cambridge in 2021, and single-detached houses made up 57% of them. Half went up before 2001.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Cambridge | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 10% | 7% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 6% | 5% | 3% |
| Households in core housing need | 9% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Building at the pace of Ontario’s towns: 17.1 new homes a year per 1,000 in Cambridge, against 15
From 2018 to 2023, permits in Cambridge created 4,941 homes, about 824 a year. Multi-unit buildings took most: single-unit ones were just 16%, where Ontario’s towns built 66%. For monthly permits, the only official count covers all of the Kitchener-Cambridge-Waterloo metro area, Cambridge included.
The busiest year: 2021, with 1,161 new homes
New homes a year per 1,000 homes
4,795 new homes in the 12 months to August 2026, down 10% on the year before
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Cambridge sits close to the $695,000 median of Ontario’s towns
871 of Ontario’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Lower values near Cambridge: Pioneer Park and Centreville Chicopee
The places around Cambridge at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cambridge | $650K | $690K | 69% | |
| Pioneer Tower West | $1.1M | $1.24M | 89% | 7.7 |
| Doon South | $900K | $927K | 88% | 9.6 |
| Pioneer Park | $600K | $581K | 62% | 10.1 |
| Centreville Chicopee | $600K | $607K | 62% | 10.6 |
| Grand River South | $850K | $859K | 84% | 10.9 |
| Idlewood | $800K | $832K | 90% | 11.6 |
Census 2021 values; km.
Questions about property prices in Cambridge
Is Cambridge expensive for Ontario?
Neither more nor less: Ontario’s towns have a median of $695,000, and Cambridge is near it.
How many households in Cambridge are in core housing need?
In line with Ontario’s towns (9%): 9% in Cambridge, counting the households whose home falls short on cost, size or repair.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).