Housing in Cambridge
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Cambridge, Ontario
The housing market in Cambridge, Ontario, is characterized by a balanced state, offering opportunities for both buyers and renters, though affordability remains a key consideration. As of June 2026, the benchmark price for a residential property in Cambridge was approximately $671,000 CAD, with an average sold price of $804,318 CAD in August 2026. [cite: 18, 29 in previous step]
For renters, the average monthly cost for a one-bedroom apartment is around $1,309 USD, and for a two-bedroom, it's about $1,508 USD. While renting can be expensive, the market has seen some stabilization, with average rent prices decreasing by 0.9% year-over-year in August 2026. The city offers a variety of housing options, from heritage limestone homes to modern luxury properties, catering to diverse preferences. [cite: 3, 4, 10, 13, 23, 24 in previous step]
Housing
About Cambridge, Ontario
Cambridge, Ontario, is a vibrant city nestled within the Waterloo Region, known for its rich history and picturesque setting at the confluence of the Grand and Speed Rivers. Incorporated in 1973 through the amalgamation of the historic communities of Galt, Preston, and Hespeler, the city retains the distinct architectural and cultural charm of its founding villages. With its well-preserved limestone buildings, particularly in the Galt core, Cambridge offers a unique blend of heritage and modern amenities, attracting those seeking a community with a strong sense of place and natural beauty.
The city's strategic location along Highway 401 provides excellent accessibility to major metropolitan areas like Toronto, making it an appealing choice for commuters and businesses alike. Cambridge is characterized by its diverse population and a growing economy, positioning itself as a prosperous and desirable place to live in Southern Ontario. The presence of extensive natural trails and a thriving arts scene further enhances its appeal, offering residents a high quality of life.
About Ontario
Ontario, Canada, is a large and diverse province known for its vibrant multiculturalism and varied landscapes, from fertile farmlands to the Canadian Shield. The economy is robust and diverse, with major industries including manufacturing (especially automotive, information and communication technologies, biotech, pharmaceuticals, and medical devices), financial services, and other knowledge-intensive sectors. Living in Ontario generally offers a high quality of life with strong job markets, particularly in cities like Toronto and Ottawa, and access to healthcare and infrastructure. However, the cost of living is higher than the Canadian average, with housing, groceries, and transportation being the most significant expenses, and the climate features four distinct seasons with warm, humid summers and cold, snowy winters.