Waterloo Region real estate market sees 88 listings withdrawn in late July

In the Waterloo Region of Ontario, the week of July 20‑26 saw 147 new residential listings and 154 closed sales. A notable 88 listings left the market without a sale—71 were cancelled, 12 expired and 5 suspended. Price reductions substantially outpaced increases, with 62 homes seeing price cuts compared to just 13 price hikes, indicating sellers are adjusting expectations. Overall inventory fell, as 242 listings exited (including the 88 withdrawals) while 157 entered (147 new and 10 returning). The net loss of about 85 listings suggests a tightening market ahead of the fall season.

These trends highlight a shift from buyer‑driven activity to seller‑initiated price adjustments, with withdrawals often preceding relistings later in the year at revised prices.