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.
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.
The past few weeks have felt pretty surreal. Self Isolation is a word we didn’t even know about in early 2020. Now, here we are with mounting cabin fever and anxiety knowing that there’s probably another 30 days of this- at least. Someone told us that this is likely “an event of the century”, where
Guelph bucked the national trend in 2019. Prices and sales across the country were expected to show modest gains and recovery over 2018, and while that was true for the country as a whole, Guelph exceeded expectations and continues to lead most markets in terms of sales and price growth. Last year we indicated that
Guelph real estate continues to outperform expectations
Originally posted on Home Group Realty’s website: Predictions are an interesting phenomenon. Last year for Q3 we reported the median sales price of all Guelph home types was $480,000 and at the time we commented we felt Guelph was a couple of years away from breaking the half million dollar community. It would appear that
Have you read the latest news about the housing market? Reports relating to sales activity in May reveal that the housing market in Guelph and Toronto are showing an increase in the average price for residential real estate.
November 2018 was the best November on record in the Guelph real estate market, with overall sales increasing over 3% vs 2017 and overall unit sales relatively flat. The average sale price in November 2018 was just over $500,000. That brings the overall year-to-date Guelph home price average to flat vs 2017, +21% vs 2016
One of the most common questions a Realtor® gets asked is, “how’s the market?” And it’s with good reason too. The current pulse of the real estate market drives the decisions of buyers and sellers alike whether it’s in the name of profits, investing, finding a deal, or discovering your dream home. So, how is
It might be the moment that Guelph home buyers have been waiting for. In August, less than 15% of the homes sold in Guelph were purchased over the original asking price, the lowest month percentage in 2018 following a previously slow month for sellers in July. Are buyers starting to get some of the power