Reviewing February 2023 market in Wellington County As we move into March and our spring season, Wellington County real estate continues the year as a balanced market despite the drop in unit sales we have continued to see for the past few months. We are also seeing less inventory than this time last year, which also contributes to the market staying in a balanced state. End of February 2023 real estate market overview video: 2023 February month end real estate market review For Wellington County, the year to date sales volume at end of February was once again down 56% from 2022 numbers, wher ..read more

February 23 2023 – Happy Snow Day Snow days can be a wonderful opportunity to enjoy some time off and have fun in the snow. Whether you’re a child or an adult, there are plenty of activities to enjoy during a snowy day. Here are the top 10 things to do on a snow day in Guelph: Build a snowman: Gather up some snow and create your very own snowman. Get creative and add accessories like a hat, scarf, and carrot nose. Go tobogganing / sledding: This is a classic winter activity that people of all ages can enjoy. Find a nearby hill and slide down it on a sled, toboggan, tube, or even a trash can l ..read more

Reviewing January 2023 market in Wellington County Early this month in Wiarton, Ont., the community’s celebrity groundhog, Wiarton Willie, did appear but “did not see his shadow” which would indicate an early spring. Now I’m not sure if that is quite accurate but we have had some amazing sunny days lately, so fingers crossed. Now, you would ask, would this also translate into an early thaw in the real estate market after the downturn in the market over the last 2 quarters?? Wellington County real estate starts 2023 as a balanced market despite the drop in unit sales we have continued to see fo ..read more

Reviewing October 2022 market in Wellington County Wellington County real estate remains in a balanced market due to the consistent rise in inventory over the last few months, and a steady decline in unit sales. The year-to-date average and median sales prices still remain higher than they were this time last year, which shows that this market still has a solid foundation. End of October 2022 real estate market overview video: For Wellington County, the year to date sales volume at end of October was down 13.3% from 2021 numbers, where 2022 sales volume to date is just over $2.737B at end of ..read more

Reviewing August 2022 in Wellington County It is official, the real estate market has cooled off across the country. Sales activity fell once again over the past month with buyer demand running well below typical levels for this time of year, likely as rising mortgage rates and market uncertainty continue its impact on home buyer confidence. End of July 2022 real estate market overview video: For Wellington County, the year to date sales volume at end of August was down 9.98% from 2021 numbers, where 2022 sales volume to date is over $2.34B at end of August compared to 2021 volume of $2.59B t ..read more

Reviewing July 2022 in Wellington County After two years of record-setting activity, it is quite apparent that the real estate market has cooled off in many markets across the country. Sales activity fell to its lowest historic July stats since 2000, as rising mortgage rates and market uncertainty continue its impact on home buyers. Wellington County real estate remains in a balance market due to the consistent rise in inventory over the last few months, and a lower number of overall unit sales. Average and median sale prices still remain higher than last years at this time. Despite this, this ..read more

Feature Friday Listing of the Week under $400K! Welcome home to “103 – 10 Ajax Street, Guelph“! Suite 103 resides in the popular and affordable condo community at 10 Ajax Street in Guelph, where your carefree living future awaits you. This fantastic 2 Bedroom, 2 Bath unit provides you with the opportunity of affordable home ownership. The home boasts a tremendous amount of light and offers over 1000+ sq ft of spacious one floor living.   103-10 Ajax Street, Guelph The home offers a carpet free open concept living area (living room and dining area), with large bay wind ..read more

Reviewing June 2022 and Q2 in Wellington County After two years of record-setting activity, it is quite evident that the Canadian real estate market has been cooling in many markets across the country. Nationally, home sales were down for the third month in a row, falling 5.6% month-over-month, and actual monthly activity came in 23.9% below the June record set in 2021. Sales activity continues its downward momentum in the face of rising interest rates and uncertainty in the real estate market. Due to the rising interest rates, the cost of borrowing has overtaken supply as the dominant factor ..read more

Reviewing MAY 2022 in Wellington County After two years of record-setting activity, there are signs the Canadian real estate market might be cooling. Nationally, home sales were down for the second month in a row, falling 12.6% month-over-month, the largest monthly decline since summer 2020, according to the Canadian Real Estate Association (CREA). Economists attribute the decline in sales to a spike in interest rates, which increased about 1 percentage point in April, reducing affordability for buyers and softening demand among prospective homebuyers, many of whom were already struggling to k ..read more

Reviewing April 2022 in Wellington County Spring has sprung, the grass is riz, where are all the homes sales at? The Wellington County real estate market remains a seller’s market despite a growing amount of new listings and a lower amount of unit sales, causing many of its’ submarkets to dip into a balanced market. Demand appears to remain high as we continue to see median and average sale prices rise. Spring 2022 real estate market review video: For Wellington County, the year to date sales volume at end of April was up 10.19% over 2021 numbers, where 2022 sales volume to date is over $1.44 ..read more