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?
You’ve definitely heard how important this is in real estate — and that’s because it’s true! Location is a crucial factor when it comes to the value of your home. Not only does what part of town you are in matter, but what is physically near you can actually help or hinder your property value.
Bidding wars. Buyers are frustrated. Sellers cashing in. These echo the sentiments of the Guelph real estate news headlines in 2017. So far in 2020, we’re almost on an identical path. Sellers, you may want to keep reading. In January 2017, the months of inventory (MOI) was bouncing around the one-month level. This means, that at
ORIGINALLY POSTED BY HOME GROUP REALTY– NOV 15, 2019 Relatively speaking, this week was considerably better than the same week last year and even better than the same week in 2017. Looking at the recently released October numbers for the City of Guelph, we see that this past October set the new high water mark
It’s the time of year where buyers and sellers begin to make plans for a spring market move. If you’re thinking about buying, you’re likely starting to determine your desired neighbourhood, finalizing your budget, and maybe even browsing some open houses. And if you’re planning to sell, it’s time to make sure your home is