Tag: buying

08/01/2018

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
06/12/2017

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
08/11/2017

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
25/10/2017

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
06/10/2017

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
07/09/2017

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
06/09/2017

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
16/08/2017

Guelph Real Estate Resiliance This place is not like other places

If you’ve been paying attention to the news recently, you probably encountered some “dire” reports about the state of the real estate market. Much of this news is derived from data provided by the Canadian Real Estate Association (CREA) based on MLS ® data from across the country. If you’ve... learn more
04/08/2017

Tracking a Dynamic Market July 2017 stats show mixed indicators

Things are difficult to predict in this tumultuous real estate market. The July 2017 Guelph Housing Market Report points to a sharp decline in the number of home sales and a greatly increased time period required to sell a home. Oddly, though, the median sales prices in July have reversed... learn more
14/07/2017

July Update: Bank of Canada Raises Interest Rates First Hike in Seven Years

FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario 12 July 2017 Available as: PDF   The Bank of Canada is raising its target for the overnight rate to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent. Recent data have... learn more