It’s no secret that the most Ontario real estate markets have hit new highs this year, including Guelph despite a global pandemic. In late September, the Financial Post published an article identifying Guelph as one of the 5 fastest-growing markets in Canada. If you add in the full September sales, the average price of a home in Guelph is +14% this year.
With COVID cases rising in Ontario, there may be a continuing surge in home sales in anticipation of another lockdown, Waller says.
In March, about 4.7 million Canadians were working from home due to the COVID-19 pandemic, says Statistics Canada. Closer to home, those who lived in Guelph and were used to commuting to Toronto suddenly found the highways empty. But how has the pandemic shaped the way we live in Guelph, or get others to consider
Your home is your greatest asset and when you know your home’s true value in the current Guelph real estate market, you are empowered to make informed decisions. Whether a sale is imminent or not, determining how much your home is worth will help you become ready for your next steps. When opportunities come up
A look at current home sale trends in Guelph by price bracket
Guelph has an extremely low home inventory and homes are selling faster than ever. If you’re looking to buy, you have to come prepared with an offer that will stand out. As of August 4th, there were only 130 real estate listings in Guelph. Based on July averages of 9 homes sold per day, the
In mid-summer, real estate traditionally slows down. During July and August, many buyers and sellers go on day trips, summer vacation and take a breather from buying and selling a house. But this year is different. Many people won’t be going on those summer vacations as they had planned. People are spending more time doing things
If you’re following the headlines related to real estate, you’ve likely about the news release issued by the Canadian Mortgage and Housing Corporation (CMHC) regarding their forecasts for Canadian real estate. CHMC, Canada’s largest provider of mortgage insurance in Canada, estimates an incredible 9-18% decrease in the average home values across the country by 2021.
Headlines around the country speculate on the potential impact of COVID- 19 on the real estate market. Some are calling for an outright crash due to record unemployment rates. Some are saying that when all this dies down, we’ll just go back to where we left off with strong housing prices in Guelph. Who’s right?
This COVID-19 health crisis doesn’t seem to have an end date yet, so aside from adjusting to our “new normal” (a.k.a. self-isolation and staying at home), we also have to prepare for an uncertain future. Besides, you’re probably looking for things to do in Guelph anyways!