In Q2 2024, Canada’s housing market saw mixed dynamics, with overall sales declining despite a strong first quarter. The Bank of Canada’s interest rate cut in June did not significantly revive buyer interest, leading to more balanced market conditions with rising inventory levels. Royal LePage predicts a 9.0% increase in home prices by Q4 2024 compared to the previous year, expecting moderate price growth throughout the second half of the year. Phil Soper, president and CEO of Royal LePage, noted the unusual trend of rising home prices amidst declining sales, particularly in Toronto and Vancou ..read more

Looking for the perfect way to spend your May Long Weekend? Wellington County has many exciting events that promise fun, relaxation, and enrichment for all ages. Whether you’re eager to enjoy a dazzling fireworks display at Riverside Park, discover unique plants at the Guelph Horticultural Society Plant Sale, or immerse yourself in local art at the Elora Plein Air Art Show, there’s something for everyone. Join us for a weekend packed with family-friendly activities and community spirit! Saturday Enhance your garden with various plants, flowers, and gardening supplies from the Hillsburgh Garden ..read more

Introduction: As the first quarter of 2024 unfolds, Wellington County’s real estate market presents a fascinating landscape of evolving trends and opportunities. From shifting buyer preferences to economic factors, understanding the market dynamics is crucial for both buyers and sellers alike. Let’s delve into the highlights of the Q1 real estate market in this vibrant region. Market Resilience and Stability: Q1 showcased the resilience and stability of the real estate market in Wellington County. Despite external uncertainties, average home prices remained relatively steady, reflecting the en ..read more

Wellington County, nestled in the heart of Ontario, offers a tranquil blend of rural charm and urban convenience. Residents of Wellington County enjoy a high quality of life characterized by a strong sense of community, excellent schools, and access to healthcare services. The region’s small-town charm and proximity to urban centers like Toronto and Kitchener-Waterloo appeal to individuals and families seeking a balanced lifestyle with rural tranquillity and urban convenience. Whether you’re drawn to its picturesque landscapes, thriving communities, or vibrant economy, purchasing a home in Wel ..read more

Let’s create some Family Day fun in the picturesque landscapes of Wellington County! Royal LePage Royal City Realty is thrilled to guide you through some delightful family-friendly options that will make this weekend a memorable one for you and your loved ones. 1. Outdoor Adventures: Wellington County is a haven for outdoor enthusiasts, even in the winter. Embrace the beauty of the season by exploring the county’s scenic trails, parks, and conservation areas. Consider a family hike at Elora Gorge, where the winter landscape transforms into a breathtaking wonderland. If snow is on the ground, i ..read more

When embarking on the journey to finding your dream home in Wellington County, having a reliable and knowledgeable realtor by your side is crucial. A real estate agent will be intimately familiar with the Wellington County real estate market, which will ultimately be in your favour when it’s time to find your perfect home. Here’s a guide on what to ask your realtor when shopping for a home in Wellington County. Local Market Expertise Start by gauging your realtor’s knowledge about the Wellington County real estate market. Ask about recent trends, property values, and any upcoming developments ..read more

As we anticipate the real estate changes in 2024, the trends shaping the market are nothing short of transformative. The dynamic real estate landscape, influenced by various factors, requires prospective homebuyers, sellers, and investors in Wellington County to stay well-informed. Here are the key real estate trends set to define the county’s property scene in 2024: Tech-Driven Advancements Redefining Transactions In Wellington County, technology integration is revolutionizing the real estate industry. Virtual property tours, digital document signings, and cutting-edge technologies such as Au ..read more

This fall, the Wellington County real estate market continues to adjust to an ever-changing socioeconomic landscape. Persistent inflation, rising interest rates, and two wars have led to uncertain times and lower consumer confidence. Every quarter, the Bank of Canada surveys Canadians on their consumer expectations. In this third-quarter survey, the majority of respondents believe inflation will persist through the next 12 months, while the gap between their perception of the inflation rate and the actual inflation rate is quite wide. The majority also believes that this is impacting household ..read more

For the first time in four years, Royal LePage Royal City Realty hosted their annual Summer Soiree for Guelph-Wellington Women in Crisis. And it was a huge success! The brokerage raised $26,500 for the community-based organization. Guelph-Wellington Women in Crisis provides support and services to women and their children following events of domestic violence, sexual violence and human trafficking. On a rainy Thursday (August 17, 2023), sponsors, Royal City Realtors and members of the community gathered under a tent at the Aberfoyle Mill for a fun-filled evening of games, live entertainment fr ..read more

As always, with better weather, the Guelph and Wellington County spring real estate market is coming to life and gaining some momentum. At the beginning of the year, buyers were adjusting to this new environment of normalized interest rates, lower prices, and a more stable and accessible market. Since the New Year, we have had two interest rate pauses by the Bank of Canada, with another decision scheduled for this June 7.  Subsequently, consumer confidence is on the rise, while our client’s motivation to make a move persists. As such, we have seen the Guelph and Wellington County real est ..read more