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Could the Spring Market be Upon us?

Issue: 90 February 16, 2018 Guelph Weekly Sales Reports We’ve had spring like conditions these last couple of days.  Hopefully that will encourage spring like activity in the Guelph real estate market.   Now it’s not like the market has been terrible.  On the contrary it’s been quite active, just on... learn more

Gin, Snow, and the Guelph Real Estate Market

Issue: 89 February 9, 2018 Guelph Weekly Sales Reports I love Guelph!   What other small city features an incredible collection of talented and creative people?   HGR is the local independent brokerage amongst a sea of national and international brands.  Our Fiercely local team prides itself on using local talent... learn more

Groundhog Day

Issue: 88 February 2nd, 2018 Guelph Weekly Sales Reports It’s February 2nd and I’m feeling like the Bill Murray character in the film Groundhog Day.   More about that later. Another busy and frustrating week in the Guelph real estate world.  This is not how we wanted 2018 to start off.... learn more

Guelph’s 2017 Year-End Market Stats Huge year that started transitioning

2016 was a hot local real estate market, but in retrospective it paled in comparison to the blazing conditions in 2017. An astounding 60% all homes sold in Guelph moved at or above their asking prices — a median sales price of 105% of list price! — pointing to multiple offer... learn more

November Market Update Largely resulting from a seasonal adjustment

After a slight market rebound in October, real estate prices softened in November. The large driving force behind this recent market dip vs. October would be seasonal adjustments of course, so this is expected. Compared to last year, though, sales volume have been declining faster than new listings, which points... learn more

October Market Update Things seem to be trending upwards

Fall is upon us and the Guelph real estate market seems to have rebounded in October slightly compared to the trends over the past few months. For the first time since July, for example, the median sales price has increased for all homes except condo apartments. The number of sales... learn more

October Update: Bank of Canada Stops the Increases Overnight rate holds steady at 1% this time

FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario October 25, 2017 Available as: PDF The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation has picked... learn more

Guelph Housing Market Report Third Quarter 2017

In the second quarter of 2017, we reported that the market was “changing.” For the third quarter, a more appropriate description would be “changed”. Past tense. Median sales prices have dropped, the length of time it takes to sell a home has increased, and both the number of sales and... learn more

The Market is Cooling … Kinda Sorta Mixed Messages About The Future

So what’s going on in the market? The August 2017 Guelph Housing Market Report shows that median home prices have declined substantially during the summer, but the historical pricing is only one indicator that shows what was rather than what may be coming. The sales-to-new-listings ratio, which is the best... learn more

September Update: Bank of Canada Raises Interest Rates Rates Rise a Second Time in Two Months

FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario 6 September 2017 Available as: PDF The Bank of Canada is raising its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Recent economic data... learn more