Photo: JFVoll · CC BY-SA 3.056% of Cherry Hill’s homes are apartments, against 13% for Ontario’s towns
In May 2021 the median owned home was worth $500,000 by its owner’s reckoning, the average one $572,824. No open sale prices are published in Ontario, so for Cherry Hill the census value is the measure. Assessors valued the median residential property at $309,000 for 2024. Ontario’s assessments are still on MPAC’s values of 1 January 2016, far below today’s prices, so they compare only with other Ontario towns. Figures for assessed values, values by property type and building permits are published for the city of Kitchener as a whole, not for Cherry Hill alone.
Two ways to price a home in Cherry Hill
Every figure here is compared within the province, against Ontario’s towns, since each province assesses on its own terms. These home values were given by owners themselves, in a census taken in May 2021.
median, owners’ estimate
- Average
- $573K
- Owners
- 850
- 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, Kitchener’s houses sit 37% above Ontario’s towns
Detached houses account for 60% of the 81,065 properties on Kitchener’s 2024 roll; condos for 13%.
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.
16% of Cherry Hill’s households are in core housing need, against 9% for Ontario’s towns
The 2021 census counted 3,205 occupied homes in Cherry Hill. Half or more were standing by 1980. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Cherry Hill | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 11% | 7% | 8% |
| Needing major repairs | 8% | 6% | 6% |
| Too small for the household | 6% | 5% | 3% |
| Households in core housing need | 16% | 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 ahead of Ontario’s towns: 32.5 new homes a year per 1,000 in Kitchener, against 15
From 2018 to 2023, permits in Kitchener created 17,524 homes, about 2,921 a year. Very few were houses: 13% in single-unit buildings (Ontario’s towns: 66%).
The busiest year: 2023, with 4,095 new homes
New homes a year per 1,000 homes
Slowing: 4,795 new homes in the 12 months to August 2026, 10% fewer
The monthly permits numbers here cover the Kitchener-Cambridge-Waterloo metro area
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.
Cherry Hill is cheaper than most of Ontario’s towns: 28% under their $695,000 median
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 Cherry Hill: City Commercial Core
Next to Cherry Hill: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Cherry Hill | $500K | $573K | 27% | |
| Victoria Park | $650K | $726K | 24% | 1.1 |
| Westmount | $750K | $893K | 54% | 1.2 |
| Victoria Hills | $500K | $506K | 39% | 1.5 |
| Mt. Hope Huron Park | $600K | $601K | 47% | 1.6 |
| City Commercial Core | $420K | $440K | 24% | 1.8 |
| Mill Courtland Woodside Park | $576K | $562K | 48% | 1.9 |
Census 2021 values; km.
Questions about property prices in Cherry Hill
Is Cherry Hill expensive for Ontario?
On census values, Cherry Hill sits among the cheaper of Ontario’s towns (median $695,000).
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).