Guelph Real Estate Market Update – February 2026
The Guelph real estate market showed clear signs of a more balanced environment in February 2026, with softer prices, fewer sales, and significantly longer marketing times compared to last year. Buyers are taking more time to make decisions, while sellers are adjusting expectations in response to shifting market conditions.
The average sale price in February was $709,596, representing an 11% decrease year-over-year. While this decline may appear significant, it reflects the broader market adjustment that has been underway across many Ontario cities following the rapid price increases seen during the pandemic years.
Sales activity was also lower. 108 homes sold in February, which is down 8.5% compared to the same month last year. A combination of higher borrowing costs over the past two years and increased inventory has led to more cautious buyer behaviour.
Perhaps the most noticeable change is how long homes are taking to sell. The average time on market increased to 45 days, which is up 89% year-over-year. This indicates that the urgency seen in previous years has largely faded, giving buyers more time to view properties, compare options, and negotiate terms.
Inventory levels have also expanded. There are currently 466 active listings in the Guelph market, providing buyers with far more choice than they had during the extremely tight markets of 2021–2022.
For buyers, these conditions create an opportunity to explore more options and negotiate more favourable terms. For sellers, proper pricing and strong presentation are becoming increasingly important to attract serious buyers.
