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Does Removing The Hst on New Builds Affect Guelph’s Resale Market?

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Efforts to make new homes more affordable across Ontario could have a noticeable impact on Guelph’s resale market. As new construction becomes more attainable, some buyers may shift away from resale properties, creating more competition for sellers. This can lead to longer days on market, more price sensitivity, and a slowdown in price growth—especially for homes that directly compete with new builds. However, this doesn’t mean values will drop significantly; in many cases, it simply helps balance the market and ease the intense upward pressure we’ve seen in recent years.

March Market Update – Guelph

The Guelph real estate market showed signs of rebalancing in March, with the average sale price reaching $770,204. Sales activity softened, with 119 homes sold—down 13% year-over-year—while average days on market increased to 36 days, a 37% rise from last year. These shifts suggest buyers are taking more time and being more selective, a notable change from the fast-paced conditions of recent years.

Inventory continues to build, with 514 active listings representing 4.3 months of supply, giving buyers more choice and negotiating power. This is reflected in the average sale-to-list price ratio of 97.3%, indicating homes are still selling close to asking, but with more room for negotiation than we’ve seen in the past. Overall, the market is moving toward a more balanced state—offering opportunities for buyers, while reinforcing the importance of strategic pricing and presentation for sellers.

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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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