Photo: Maxime Laterreur · CC BY 4.0For every 1,000 homes, Waterloo permitted 55.9 new ones a year; Quebec’s towns permitted 15.1
The 2021 census put the median home at $234,000, with an average of $264,800. Self-assessed in May 2021, these values predate the rate rises that followed. What homes sold for in Waterloo isn’t public: no sale figures are released in Quebec. On the 2025 property roll, single-family homes have a median of $351,900, valued as of July 1, 2023.
What Waterloo’s homes are worth, two ways
Every figure here is compared within the province, against Quebec’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $265K
- Owners
- 1,290
- Quebec’s towns
- $300K
- The typical Canadian town
- $406K
single-family, market at July 1, 2023
- Quebec’s towns
- $353K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
The median house in Waterloo was built in 1996, later than 1981 for Quebec’s towns
Dwellings on the roll of Waterloo: 48% in single-family houses, 27% in buildings of six units or more and 23% in plexes.
Median roll value by kind, 2025 the tick is the median of Quebec’s towns
Dwellings by kind of building
Rôle d’évaluation foncière 2025 (MAMH): a kind’s median needs 10 units or more; plexes are valued per building; each municipality’s roll has its own market date. The ticks are the median of Québec’s municipalities with their own roll.
Before 1961: 35% of the homes in Waterloo, where Quebec’s towns have 21%
Of the 2,240 homes people lived in across Waterloo at the 2021 census, 42% were single-detached houses.
Homes by period of construction the tick is the median of Quebec’s towns
Homes by kind
| Waterloo | Quebec | Canada | |
|---|---|---|---|
| Condominiums | 7% | 8% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 2% | 2% | 3% |
| Households in core housing need | 3% | 3% | 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.
Waterloo’s busiest year for permits was 2021, with 193 new homes
Over 2018–2023, 677 homes were permitted in Waterloo, close to 113 each year. The mix: 38% in single-unit buildings, beside 39% for Quebec’s towns.
New homes a year per 1,000 homes
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.
Waterloo is 22% below the $300,000 median of Quebec’s towns
The census values of Quebec’s towns, 510 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Home values around Waterloo
The places around Waterloo at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Waterloo | $234K | $265K | 57% | |
| Shefford | $348K | $416K | 92% | 8.3 |
| Stukely-Sud | $300K | $342K | 91% | 10.2 |
| Bromont | $448K | $537K | 76% | 12.2 |
| Saint-Joachim-de-Shefford | $300K | $326K | 83% | 12.4 |
| Lac-Brome | $400K | $561K | 82% | 12.5 |
| Granby | $270K | $297K | 54% | 17.9 |
Census 2021 values; km.
Questions about property prices in Waterloo
Is Waterloo expensive for Quebec?
No: Waterloo’s census median is below the $300,000 of Quebec’s towns.
How many households in Waterloo are in core housing need?
About as many as elsewhere: 3% of households in Waterloo, where Quebec’s towns sit at 3%.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292) · Ministère des Affaires municipales et de l’Habitation, rôle d’évaluation foncière 2026. 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).