In Aug the median listed house price of $452,400 in Guelph was an impressive compared to the rest of Ontario.
If you’re looking at investment properties in Guelph, then you’re most likely to find homes with 3 bedrooms on sale this month.
According to our stats, Guelph is the neighbourhood that has the 37th most properties available to real estate investors in Ontario.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Guelph will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Guelph there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Canada’s national median home listing price this month is $244,900, which means that Guelph is in the top 40% for Canada.
In Aug the median listed house price of $300,213 in Guelph was an above average compared to the rest of Ontario.
Guelph’s most common listing this month is 2 bedroom properties, less than province’s most common offering of 2 bedrooms.
As one of Ontario’s many potential real estate investment neighbourhoods, Guelph needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Guelph have dried up which would tend to indicate that demand is higher than the supply of new properties.