Government Intervention & New Home Construction click here for this week's video ! The recent Bank of Canada interest rate statement, released yesterday, maintained the rate at 5% (which was as expected). Tiff Macklem, Governor of the BoC stated, "We are observing the necessary signs, but require more time to ensure progress towards price stability is sustainable. The recent decrease in core inflation needs confirmation that it's not just a temporary fluctuation." In contrast, news from the U.S. indicates persistent inflation issues, deviating from the expected slowdown. Consequently ..read more

March 2024 Insights: Exploring the Dynamics of Guelph Home Sales As the 2024 Guelph real estate market continues to evolve, it's crucial for both buyers and sellers to stay informed about the latest trends and statistics. In March 2024, Guelph witnessed an interesting shift in its housing market, marked by a notable decrease in the number of homes sold compared to the same period last year. Let's delve deeper into the insights provided by the recent data. According to the latest figures released by the Guelph & District Association of Realtors (see chart above), 168 homes were sold ..read more

What’s the Forecast for the Spring Market? A blog post on a Thursday? Well, its your lucky day. We’re a day early with the blog because of the Easter Long weekend.  So let’s hop right in: In the year 2020, a noteworthy shift was observed as 34% of Canadians attained mortgage-free status, marking a slight decrease from the figures of 43% in 2016 and 46% in 1999. This trajectory over the past 21 years reflects the challenges faced by Canadians in saving and fully paying off their mortgages, despite experiencing growth in earnings. This narrative sheds light on the evolving homeowners ..read more

The Green Wave in Real Estate: A Comprehensive Guide to Sustainable Sales Sustainability in real estate is far more than just a buzzword. It's a burgeoning movement that's transforming the way properties are developed, marketed, and purchased. Whether you’re a forward-thinking developer aiming to carve out a green niche, an environmentally conscious buyer searching for an eco-home, or a homeowner looking to upgrade your property's green credentials, understanding the nuances of sustainable real estate sales is crucial to understanding this movement. In fact, we as a brokerage have embr ..read more

When will the Guelph Housing Market Improve? The pulse of the Guelph housing market has been one of the most closely watched indicators for local homeowners seeking to understand the trajectory of their most significant assets. With the fluctuating economic landscape, the central question on everyone's mind remains—when will the Guelph housing market improve? In this post, we dissect the current trends and consult with industry experts to offer insights that matter to Guelph and Wellington County homeowners. Guelph's Current Market Trends Recent data from the Guelph & District Associat ..read more

Challenges are the Seeds of Life Have you ever thought about how every insect, plant, mammal, reptile, fungi, etc. has challenges? Yep, every single thing that’s alive on the planet has something it must struggle through to live, survive, and thrive.  For example, think of a butterfly, which we all recognize as a symbol of transformation. But did you know that if you cut a butterfly out of its chrysalis before it’s ready, you would basically kill it? You might think you’re helping it, but the struggle of pushing out of the chrysalis is how the butterfly builds strength in its wings t ..read more

Reflecting on Milestones: 400 Issues & Countless Lessons This week brings with it a double reason for celebration and reflection. I'm super excited to share that we've reached a huge milestone: the 400th issue of the Guelph Weekly Sales Blog! Can you believe it? We've been consistently publishing these weekly reports for almost eight years now. Our main goal has always been to keep our valued clients and readers in the loop about the ever-changing world of local real estate. As we look forward to the next 400 issues, you can count on us! We're fully committed to continuously improvi ..read more

The January Numbers It’s Friday! And to make the day even more exciting, we’ve just released our first market report of 2024! Click here to watch video! The January Market stats showed remarkable strength, with home sales jumping a whopping 48.4% over December’s numbers, which - quite frankly - didn’t take much effort to beat. Compared to January 2023, sales are still below last year’s levels - down 3% year over year and a 24% drop compared to January sales in 2018. The ‘good news, bad news’ story here is that the trend is back in the right direction of positive monthly growth. We’re not ou ..read more

May You Live in Interesting Times We’ve all heard these three phrases at some point in time. May you live in interesting times.  May you be recognized by powerful people.  May you get what you wish for.   How much attention have we paid to what they really mean?  Are these Chinese proverbs a blessing or a curse?  “May you live in interesting times” The first of the blessings curses is the most recognized and, for an optimist, this hardly seems to be curse worthy.  After-all, who wants to live in boring times? The massive advances in technology a ..read more

The Strategic Approach to Selling & Buying Homes in 2024 - Issue 397 The 2024 real estate climate is already shaping up to be an interesting - and challenging - environment.  For the time being, the Bank of Canada is holding pat on increases or decreases in the bank rate while monitoring the inflation rate and how the economy is reacting. There is still a fair bit of uncertainty and fear in the real estate market. Homeowners, buyers, and investors alike are wondering how to navigate in these conditions. So no matter your situation, here are some strategic steps you can take to max ..read more