Summer Real Estate Update

Random Tidbit June 10, 2024

It’s time to say goodbye spring, and HELLO SUMMER! We hope you’ve had a wonderful season and enjoyed a beautiful spring here in Guelph. We’ve got some exciting updates to share with you!

We’ve moved! Our two former offices (Speedvale and Gordon) have combined and moved to our new location at 30 Edinburgh Road North. This is now our one and only office, centrally located in Guelph. Let us know if you are interested in popping by to check it out! P.S. We have great coffee. 🙂

Here’s the inside scoop on the local real estate market. The market was consistent throughout April and May as the number of sales and median sale prices remained steady. Similarly, listings are still selling in about 3 weeks on average. With the warm weather finally here, so are the new listings… There are almost 400 active listings in Guelph. We haven’t seen this much inventory since 2020! With that said, if you are thinking about moving, your future dream home might already be on the market or coming soon. Get in touch with us so we can help you find your next home. Let’s do this!

Along with home prices, mortgage rates have remained stagnant. As of June 5th, the Bank of Canada policy interest rate has dropped to 4.75%. They are predicted to gradually go down by the end of the year. This is good news for homeowners and those who are considering a purchase.

While it may not seem like it now, the September school year is fast approaching for a lot of families. If you are thinking about moving into a new neighbourhood with a different school, now is the time to get into action so we can help make it a smooth transition. “findmyschool.ca” is a great resource for checking which school your children or teens should attend.

Check out this page for our current listings. If you or anyone you know may be interested in one of these listings, give us a call! As always, we appreciate your support.