Hey There Clients and Friends, We hope you and your loved ones had a cozy winter and took advantage of the few magical snowy days we had this season. Definitely a tough year for local ice rinks, snowmobiliers, and ice sculptors! With the seasons slowly changing, so is the market—let’s recap how things unfolded this winter, and talk about what we can anticipate this spring. The winter market in Guelph slowed down through December and January as many people were enjoying their holidays, spending more time with family, and gearing up for the new year. Since then, we’ve seen a surge of activity in ..read more

We hope you and your families had a relaxing summer and enjoyed the beautiful September sunshine — fingers crossed that we have a colourful and cozy fall season! As we know, changes in the season usually pair with changes in the real estate market, so let’s get caught up on what we’ve been seeing and what we can expect. The summer market in Guelph was quiet through July and August which is typical as folks tend to enjoy the last bits of warm weather while getting ready for back-to-school and cooler temperatures. Right now, there are more homes for sale than usual! There are currently 315 listi ..read more

We trust you had an amazing spring, and are gearing up for another beautiful summer in Guelph. How about the weather these past couple of weeks? Looks like the market isn’t the only thing that’s heating up! Let’s get into it. The spring market typically becomes more active with each passing weekend as we head into summer and things are no different this year! The Guelph real estate market is becoming competitive amongst buyers again. We are seeing a gradual increase in median sale price as we move more into the year. As the greenery and neighbourhoods become more alive in the spring, so does ..read more

This unique savings plan would give first-time home buyers the option to save up to $40,000 on a tax-free basis! “The government expects that Canadians will be able to open and contribute to an FHSA at some point in 2023. No matter when this happens in 2023, Canadians would be allowed to contribute the full $8,000 annual limit in that year. “ Here is what you need to know about the First Home Savings Account (FHSA): To open an FHSA, an individual must be a resident of Canada and at least 18 years of age. In addition, an individual must be a first-time home buyer. Contributions to your FHSA ar ..read more

Didn’t January fly by? If you blinked, you might have missed it! Well, the good news is according to weather expert Wiarton Willy we’re going to have an early spring. The sun seems to finally be making a comeback after many grey days in January. Family Day weekend is just around the corner and we hope you’re able to make the most of it – check the bottom of the newsletter for some fun local activities. Just like the weather, the real estate market has been warming up too! Buyers are really active right now in comparison to the end of 2022 when there was so much uncertainty with mortgage rates ..read more

Many clients are not aware of issues that may arise on title. This is mostly when they have never had to overcome such obstacles – fortunately for them. Sometimes, there are unknown liens or other instruments on title, that affect the free and clear use & enjoyment of a property. It is crucial that you employ the expertise of a local realtor, who may have insight on local ongoings, can research historic listing information, and catch red flags when they may be present and visible. It is also essential to use a reputable lawyer who can facilitate any title searches in a timely, thorough fas ..read more

Summer has officially wrapped up, but it looks like the sunny weather is going to stick around for a bit. If you had kids going back to school this year, we hope the transition went smoothly. If not, we hope you had a great summer too! We look forward to catching up with you. Back to business, there have been some major shifts in the market and big changes in the experience of buying or selling a home. Despite what you may see in the news about real estate, we’re doing pretty good here in Guelph, Wellington County, and the surrounding areas. We all saw an extreme and unsustainable spike in sa ..read more

The easiest graphic to remember! With much chatter in the interest rate world (it’s the popular backyard barbecue topic of discussion right now, isn’t it?), we wanted to share a short info blurb on it. Variable and adjustable rate mortgages fluctuate ongoingly as the BoC prime rate changes. Adjustable rate mortgages allow you to keep contributing a consistent amount to your principle. The interest portion just changes as fluctuations occur. Therefore, the monthly payment amount changes. This is harder for budgeting purposes for some people. Variable rate mortgages allow the monthly amount to r ..read more

Spring is finally here after a long, cold winter – the days are getting longer and summer is on the horizon, which we all welcome. With the blooms of trees and the awakening of gardens, we are seeing a substantial increase in the Spring housing inventory, which is a relief from the desperate shortage that we have had over the last year. The market has certainly been unpredictable in the last month. Overall, buyers seem a bit fatigued. This is amplified by the interest rate increases, higher fuel costs and geopolitical ongoings, among other things. It has resulted in some inventory remaining a ..read more

We are midway through the year and what a whirlwind it has been, not only in the Guelph real estate market, but for all businesses alike. Countries, cities, and communities have all experienced various effects from COVID-19. As real estate trends and activity are unique to a local level, there are considerable differences and changes with housing inventory and pricing from neighborhood to neighborhood, city to city, and so forth… Guelph is showcasing its resilience with both buyers and sellers pushing through this unprecedented time. While there are now more hoops to jump through for both buye ..read more