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Canadian Housing Market to Remain Strong

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Guellph market updateCanadian housing market to remain strong, say RE/MAX brokers

-Young families driving demand for single-detached homes in cities across the country

-Canadian housing market prices are anticipated to increase by 5% in the remaining months of 2021, according to RE/MAX brokers and agents.

-26/29 major Canadian housing markets analyzed are seller’s markets, driven by lack of supply and high demand.

Unsurprisingly, Ontario has seen some of the highest average residential price increases across single-detached homes in the country, with the majority of regions (13 out of 16), experiencing increases between 20 and 35.5 per cent YoY.

The condo and townhome segment in all of these regions has also performed well, with smaller and more suburban markets such as Kitchener, North Bay, London, Peterborough, and Southern Georgian Bay seeing a higher surge YoY. The estimated price outlook for the remainder of the year ranges from a two-per-cent price decrease in North Bay, to increases across the other regions ranging between two and 15 per cent.

READ THE FULL REPORT  https://blog.remax.ca/canadian-housing-market-outlook/

MARKET UPDATE FOR GUELPH

September is usually when the real estate market gets back on track after taking a summer break. Once the kids are back in school, buyers are ready to start looking for homes again. The number of sales for Guelph in September (188) decreased 12% from August. The average sale price increased about 3% to $769,000 or $507 per square foot. This stat included all residential sales, condos etc. The average time on market for MLS sales dropped slightly to 14 days. Sellers received on average 109% of their asking price which means that homes were still selling slightly more than asking price on average.

Going forward into October, there are only 92 active listings which represents about 2 weeks worth of housing inventory. This low inventory, high demand, seller’s market will continue to rule for at least the remainder of the year.

Are you thinking of making a move? Put RE/MAX, real estate’s premier brand and my 20+ years of real estate experience to work for you! Call/text/email/DM me and let’s get started with a free home evaluation and custom marketing plan!

Dean Manton  Broker

RE/MAX Real Estate Centre Inc

519-716-4663

[email protected]

reasonstohiredean.com

#experiencecounts #20plusyears #remaxcanada #Guelph #guelphrealestate #movetoguelph

 

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virginia Hildebrandt profile picture
virginia Hildebrandt
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The best part of selling our farm was working with Dean. He made suggestions for staging, had the property and our home professionally photographed and presented in a video and then walked us through showing and a successful sale. He was professional and gave honest answers to all concerns and questions. I don't think we could have done better with anyone else. V & H Hildebrandt
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Barry Newell
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We have used Dean as our realtor before and when we decided to sell our home, there was no question of which realtor we were going to use. Dean is friendly and professional and answers all your questions and concerns. We had some difficulty with a place we thought we had, and Dean went above and beyond to help us find another place, which we are very happy with!!! Thank you Dean for walking us through this and keeping us calm through some of the unexpected twists and turns!! If you are looking for a realtor who listens to you and understands what you are looking for, then I would highly recommend Dean!!!
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Ivy Tang
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We’re first time home buyers and Dean helped guide us through the entire procedure. He was always flexible with scheduling around our needs for the entire process - house tours, inspections, final walk through etc., and gave us advice based on his experiences. Thank you to Dean for his help on our first home.
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Juergen Marquardt
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Working with Dean on the sale of our Guelph home was a pleasure, he was very knowledgeable in regards to market value & helped us significantly in regards to staging our home. Our house sold in just under ( 2 days ) after being posted, Dean also guided us through the sale transition making it easy & unstressfull. We would highly recommend Dean & would surely use him again for any sales or purchases in real estate.
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Shazad
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I purchased my first home with Dean and he was a great person to work with. He responded quickly to any inquiries we had, ALWAYS answered his phone, checked up on us after we settled into our new home and ensured that we were happy every step of the way. Thank you Dean!
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william knetsch
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Dean hit the mark on all levels.
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Terri Manolis
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We had an amazing experience with Dean, he was thorough, professional & a pleasure to work with! Highly recommend!
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Laurie Valeriote
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Dean is a great guy and did a wonderful job for us when he listed and sold our home. He is so personable and a great listener. His communication was top notch and we really appreciated being able to get a reply from him very quickly when we had a question. He worked hard to do a market analysis for us and did a beautiful, thorough presentation of it. He was very knowledgeable about the area we lived in and where to price our home to get what we needed. Any concerns we had about anything, he addressed immediately. Thanks Dean for selling our home! Great experience!
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Mary-Catherine Pazzano
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Dean was an amazing Realtor for us. He was super responsive, extremely helpful, and knew a lot about what to look for when buying a home in this market with no conditions. His years of experience are definitely evident. His manner is also super calming, which is an amazing personality feature in a process that is both stressful and exciting! I would happily recommend Dean anytime to anyone!
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