Surely you’re curious in this sellers market: how much is my home worth?

Your home is your greatest asset and not just an asset- it’s a home. But when you know your home’s true value is, 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 or life throws a curveball – may it be a new job in another area or a change in your financial situation – you will be ready and can make your investment work for you.


When you purchased your home and drew up an insurance policy, it should have covered at least what you paid for your property. But, after a few years of paying your mortgage and doing some upgrades, your home has likely increased in value. In this case, it might be time to re-evaluate your homeowners insurance policy. You can set up a meeting with your insurance company for a refresher on your coverage policy. Knowing your home’s value will make sure you’re covered for the cost of its full value if something were to happen.


Your City of Guelph property tax bill is based on the assessed value of your property and factors such as your property’s size, construction type, age, and location can affect it. If you think your city or municipality has appraised your property value too high, you can appeal your tax bill with MPAC. 

You can complete a formal appraisal in order to find the accurate value of your home, and bring this appraisal to the Assessment Review Board to support your case that you’re paying too much in property tax compared to the market.


A major factor when you ask yourself “how much is my home worth?” is equity. Unlike trying to save on money going out the door, equity is the increase in value of your home by just owning it in a rising market

Equity is the point where the value of your home is more than what you owe in mortgage. At that point you may be able to take out a Home Equity Line of Credit or HELOC.

Most major banks offer this option to you. This loan uses that equity as a collateral and can be repaid on a fixed interest rate. You can use this fund to give you more financial flexibility, such as to get financing to start home improvements. These will add value to your home, or even invest in a second property.

Likewise, if you’re thinking of refinancing so you can capitalize on today’s low mortgage rates, the more equity you have in your home, the better is your chance to qualify for a more desirable loan term.


You’ll want to understand where your property value is starting at. As a result, it will give you a good basis for determining what you want to do with it. You want to make sure that any improvements you make, like a house hack will potentially increase the value of your property. 

It’s a good idea to prioritize projects that will enhance your home’s value, such as a kitchen or bathroom remodel. Also, you want to make sure that your upgrades match the other homes or “comparables” in your neighbourhood.

You can reach out to your Guelph Realtor to discuss comparable properties and home renovation trends before you start your project. Beth and Ryan Waller can also give you recommendations! Trusted local businesses and tradespeople, plus exclusive discounts for custom cabinetry, landscaping, junk removal, and everything in between!

One of their biggest initiatives is supporting Guelph small businesses


If you’ve asked yourself “what is my home worth” and actually gone the steps to sell, that’s a whole other level.

You don’t need to be a real estate aficionado to know that the Guelph real estate market is currently experiencing an extremely strong seller’s market, mirroring the conditions we saw in 2017. 

For the most up to date market information, take a look at Beth and Ryan Waller’s blog: they write monthly for Guelph Today and know the market well.

Due to an influx of GTA buyers, Guelph’s changing landscape, and record-breaking market conditions your home may be worth much more than it was just a few year ago, regardless of any updates or improvements you’ve done. Curious about the value of your home?

Call Beth and Ryan, there’s no obligation and it’s free.

SOURCE: Sales data from Ontario Regional Technology and Information Services MLS® for all property types in the City of Guelph; data points are median sales price over a rolling 12 months: $550,000 (July 2020) vs. $497,000 (July 2019); **$550,000 (July 2020) vs. $342,000 (July 2015).


The benefits of determining your home’s value don’t start or end when it’s time for you to sell. Your insurance premiums, annual property taxes, refinancing options, and even applying for a home equity line of credit are all based on your home’s value.


Our local market is dynamic, and while there are plenty of online home value calculators out there, they often give inaccurate results. More than just a home value estimate, we offer our clients the knowledge and tools to understand the local market and how their home fits into it. With our experience, neighbourhood knowledge, and the collaboration of our team , you can trust us to accurately value your home in today’s complex market.