Tag: news

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
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
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
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
06/07/2017

Guelph Housing Market Report Second Quarter 2017

Everyone is talking about local real estate conditions, whether it’s water cooler talk in the office or market news splashed across the internet. Government interventions through legislation or interest rate adjustments further fuel these discussions. It’s clear that Southwestern Ontario real estate is experiencing dynamic market shifts, but what is... learn more
25/05/2017

May Update: Bank of Canada Holds Firm on Interest Rate Overnight rate of 0.5% does not change

FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario 24 May 2017 Available as: PDF   The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation is broadly in... learn more
20/04/2017

New Housing Regulations Provincial government announces rent and housing reforms

It’s no surprise the provincial government has finally acted. With an annual increase of over 30% in home values throughout the region it’s a wonder it took them so long to do something.  The Globe and Mail has produced a summary of the announcement made today. The foreign buyer tax... learn more
13/04/2017

Guelph is #1 for Housing MoneySense Magazine Gives Top Marks to the Royal City

Recently, MoneySense magazine released a report ranking the best cities in Canada that are the most attractive to real estate buyers and Guelph topped the list. Our sales professionals have long known that Guelph is a hidden gem regarding real estate values and now the world has been notified as well.... learn more