With COVID cases rising in Ontario, there may be a continuing surge in home sales in anticipation of another lockdown, Waller says.
Condos continue to gain share of total sales
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
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.
It’s a busy time of year for home buyers in Guelph. Statistically, April and May are the largest sales volume months on the real estate calendar. But, despite the bump in sales activity, this doesn’t necessarily mean that prices increase as well.
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
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
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.
A look at average price growth and where you can find the best value for your money in today’s market.