At the start of the year, there was a great article written by MacLean’s implying that perhaps 2019 was the year of the housing market correction. The article discussed the beginning signs of correction and how the Government was likely going to raise interest rates two to three times in 2019.
Every year, the first few months seem to fly by. Before you know it, you’re into Spring weather and the housing market is in full swing. But before we look forward, let’s take a look back on three interesting facts for the first quarter housing market in Guelph.
The Guelph real estate market took us on a wild ride in 2018. Single family residential home sale dollars declined over 10% during the year and houses sold followed suit at about the same rate. The average purchase price of homes was just over $500,000 in Guelph (condos, townhouses and detached homes), which is nearly
Timing the housing market is more complicated than it sounds. From opinions about the best time of year for buyers or seller and arguments about the traditional spring rush to speculation about rising interest rates and tougher mortgage regulations, there are cases to be made about the best ways to navigate the real estate landscape.