Guelph

established 1827

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DISCOVER

About Guelph

Guelph has an unmistakable identity. From its booming craft beer scene, and vast array of independent eateries, Guelph is a city to be savoured. Its sparkling rivers and picturesque views complement the historic buildings, landmarks and signature cultural facilities located throughout the City’s core.

Guelph is considered to be one of the first planned towns in Canada, and the location was picked to serve as a British development firm’s headquarters by its Superintendent in Canada, a popular Scottish novelist named John Galt. Galt designed the town to attract settlers to it and to the surrounding countryside. Galt chose the name “Guelph” for the new town because it was one of the family names of the British royal family, and it had apparently never been used as a place name before. Hence the current use of the term “The Royal City” for Guelph.

Fun facts:

  1. Guelph was the home of North America’s first cable TV system. Ted Metcalf created McLean Hunter Television and their first broadcast was Queen Elizabeth’s Coronation in 1953.
  2. The wire coat hanger was invented in Guelph in the 1920s.
  3. Colonel John McCrae, who wrote the poem “In Flanders Fields” was born and raised in Guelph.
market update
market update

Comparative Analysis

  2022 Y/Y M/M
Sales 123 -16.9% -4.7%
New Listings 222 16.2% 9.9%
Average Sale Price $1,146,133 29.8% 9.0%
Median Sale Price $1,050,000 32.9% -2.3%
SNLR* 55.4% -22.1% -8.5%

Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)

*SNLR (Sales-to-New-Listings-Ratio)

  • SNLR at 55% or more indicates a seller’s market; more buyers than properties for sale
  • SNLR between 34% and 54% indicates a balanced market; about the same number of properties for sale as there are buyers
  • SNLR at 35% or less indicates a buyer’s market; more properties for sale than there are buyers
guelph
guelph

April 2022

The Toronto Regional Real Estate Board (TRREB) has released its latest market stats, which show a 30 percent decline in sales compared to the record result of 15,628 in March 2021. Month-over-month the average selling price dipped slightly to $1.3 million for all housing types.

New listings were also down on a year-over-year basis, but by a much lesser annual rate than sales. This suggests that while market conditions remained very tight, homebuyers did not experience the same level of competition from other buyers compared to a year earlier.

“Competition between homebuyers in the GTA remains very strong in most neighbourhoods and market segments. However, we did experience more balance in the first quarter of 2022 compared to last year. If this trend continues, it is possible that the pace of price growth could moderate as we move through the year,” said TRREB Chief Market Analyst Jason Mercer.

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