Opportunities and Optimism for Buyers and Sellers The Guelph real estate market continued to show robust recovery in October, with 298 homes sold—a 22.6% increase compared to last year. This steady growth in sales activity signals renewed interest from buyers and sellers alike, as well as the positive impact of recent Bank of Canada rate cuts on affordability. Key Highlights: Strong Sales...
In October, Waterloo Region saw a positive rise in home sales, with 604 properties sold—a 7.1% increase from last year. This growth marks a turning point in our local real estate market, giving buyers more confidence and sellers a reason to stay optimistic. Sales Highlights: Detached Homes: 383 units sold (up 15.4% year-over-year) Townhouses: 104 units sold (down 20.0%) Condos: 66 units...
Welcome to the Fall 2024 edition of Invest in Style! In this issue, our cover story, “Who Controls the Real Estate Market?” delves into one of the most pressing questions of recent times: Why have real estate prices fluctuated so dramatically since early 2020, and who is truly responsible for these swings? While some have pointed fingers at realtors, accusing them of driving bidding wars, this article...
In September, the Guelph real estate market showed promising recovery, with 274 homes sold, a 22.3% increase from last year. While sales are still below the 5- and 10-year averages, it’s clear that buyers are returning, albeit gradually. The increase in active listings, which are at their highest level in a decade, gives buyers more opportunities to explore the market. The average sale price of homes...
September brought a slight dip in overall home sales in Waterloo Region, with 521 homes sold, down 2.1% from last year. While sales have slowed, it’s not all bad news—especially for buyers! Increased inventory means more homes to choose from, making the process less stressful. Detached homes saw a 9.4% rise in sales, proving their continued appeal, and with a steady average price of $910,286, it’s a...
Exceptional Views, Exceptional Living For those who seek tranquility and natural beauty, a home with picturesque outdoor views is the ultimate luxury. Whether it's overlooking serene lakes, lush parks, or beautifully landscaped backyards, these Guelph properties offer the perfect blend of indoor comfort and outdoor splendour. Let’s take a tour of some exquisite listings by our talented Guelph...
The Essence of Gourmet Living When we talk about luxury homes, the kitchen often takes centre stage as the heart of the home. It's more than just a place to prepare meals—it’s a gathering space, a showcase of design, and a reflection of personal style. Whether you're drawn to modern minimalism, rustic charm, or classic elegance, a gourmet kitchen sets the tone for the entire home. Let's take a...
Lee Quaile I’ll start off by saying that I am not breaking any news by stating that the market has slowed significantly in recent days. We can blame interest rates, but the reality is that this same slowdown happens every December, and January. The combination of the holidays and the start of winter weather means people are choosing to relax, enjoy the season, and maybe do a little...
Lee Quaile Broker of Record In the ever-shifting landscape of the real estate market, only a handful of factors hold as much sway as interest rates. The recent announcement from Bank of Canada is what both buyers and sellers have been waiting for: interest rates are holding steady. Let's delve into how this decision is poised to affect both parties as we embrace the Fall Market. 1. Relief for...
Lee Quaile Broker of Record The past two years have not been an easy time for anyone who’s been looking to get into the housing market. When prices haven’t been at dizzying, record-setting heights as they were in 2021 and early 2022, the highest interest rates in 15 years have stepped right in to compensate for falling prices – making the dream of home ownership just as difficult to...