Kitchener–Cambridge–Waterloo rental market: a 2025 CMHC snapshot.
Use the published survey period, rental segment and geography to understand what a market figure describes. This guide brings together selected CMHC results and questions to ask before applying them to a property.
Survey results: 2025 · Guide reviewed: September 6, 2026Four figures from the 2025 report
CMHC’s Kitchener–Cambridge–Waterloo census metropolitan area section reports the following figures. The purpose-built and condominium apartment segments are shown separately. These are dated public survey results, not D&D portfolio statistics or a September 2026 price estimate.
Scroll the table horizontally to see all columns.
| Rental segment | Measure | Published result |
|---|---|---|
| Purpose-built apartments | Vacancy rate | 4.1% |
| Purpose-built apartments | Average monthly two-bedroom rent | $1,832 CAD |
| Condominium apartments | Vacancy rate | 0.8% |
| Condominium apartments | Average monthly two-bedroom rent | $2,197 CAD |
Source: CMHC 2025 Rental Market Report, Kitchener–Cambridge–Waterloo section. Use the publisher’s report and tables to check the scope before comparing these values with another source.
Keep the measures separate
- Average rent
- CMHC’s Rental Market Survey average combines vacant and occupied units. It describes a different group from asking rents for currently vacant units.
- Turnover rent
- This measure concerns units occupied by a new tenant during the preceding 12 months. It answers a different question from the average across the broader rental stock.
- Vacancy
- The survey definition concerns a unit that is unoccupied and available for immediate rental at the survey date. It is not a count of days needed to lease an individual property.
CMHC conducts its Rental Market Survey in October. Read its survey definitions and methodology alongside the figures. The table above reports averages, not medians; this guide makes no new-lease median or days-on-market estimate.
Choose the geography before making a comparison
The table is for the Kitchener–Cambridge–Waterloo CMA. It does not provide separate city estimates or a Guelph estimate. Open CMHC’s local market portal and check the geography, period, structure type and bedroom selection for the table you need.
When saving a result, keep those selections and its reliability notes with the number. A city row, a survey zone and a metropolitan total should each retain their own label. Do not fill a missing or suppressed cell with a nearby area’s value.
The CMHC rental data directory provides routes to average rents, vacancy rates and other tables. It is the appropriate starting point for a different market or a more specific comparison.
Questions to bring to a property discussion
- Which rental segment and geography best describe the property?
- Does the comparison use the same bedroom count and survey period?
- Are utilities, parking, furnishing or shared spaces described consistently in the property information?
- What property-specific information is still missing?
For a student-oriented enquiry, describe the unit arrangement, shared areas and intended occupancy dates. A regional two-bedroom average alone cannot describe that particular arrangement. The student enquiry page provides a separate route for that discussion.
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Source notes and limits
- Published numerical results: CMHC 2025 Rental Market Report.
- Definitions and survey scope: CMHC Rental Market Survey methodology.
- Additional geographies and table categories: CMHC rental market data.
This guide summarizes selected public information. It does not publish an original D&D dataset, combine an internal portfolio with listing data, or set a rent recommendation for an individual property. The source period stays 2025 even though this guide was reviewed in September 2026.
Related D&D reading
These are related website articles, separate from the CMHC sources above. They are not an archive of monthly data releases.
Discuss the property behind the question
Send the property type, location and the management work you want to discuss. Include the source and date of any market figure you are using so the question has a clear starting point.