Yet again, the Guelph Real Estate market set new highs in October with an average price of over $650,000. Over 55% of sales were sold higher than the original asking price compared that to the summer months where that number was less than 50%
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 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!
Now with just over five weeks of social isolation, many of us are forming new habits. Maybe spending more time on video chats, discovering a new TV show or accepting a new hairstyle. Regardless of what you’re doing, it’s likely a big change from the normal day-to-day. The current state of things Our front-line workers are
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
Within two weeks, the world has changed dramatically. We’re now in the face of massive closures and shutdowns, cancelled sports seasons, stock market declines and fistfights in the aisles of Costco over toilet paper. COVID-19, or the Coronavirus, has impacted everyone internationally in one way or another. But does the trickle-down of this global virus