Guelph, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $590,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.5% |
Apartment
| Median price | $360,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $480,000 |
| 3 bedrooms | $590,000 |
| 4 bedrooms | $700,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $310,000 |
| 2 bedrooms | $390,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 135,000 |
| Previous Population (2020) | 132,000 |
| Population Change | 2.3% |
| Total Private Dwellings | 57,000 |
| Occupied Private Dwellings | 52,000 |
| Population Density (per km²) | 2.5 |
| Land Area (km²) | 88.9 |
Market Analysis
Current Market Conditions and Trends
In Guelph, Ontario, the real estate market has been experiencing a steady growth in property values. The median house price currently stands at $590,000, indicating a year-over-year increase of 4.2%. This growth suggests a healthy demand for housing in the area, likely influenced by Guelph’s strong economy and high quality of life.
The median apartment price is also on the rise, currently at $360,000 and showing a 2.5% increase from the previous year. The apartment market’s slower growth rate compared to houses may reflect a more significant demand for single-family homes or could indicate a more substantial inventory of apartments available.
With Guelph’s population standing at 135,000 and growing at a rate of 2.3%, the city is expanding faster than many other communities in the region. This population growth can be attributed to its proximity to major urban centers like Toronto while offering a more relaxed lifestyle, potentially driving further demand in the housing market.
Investment Opportunities and Potential
The consistent upward trend in house and apartment prices in Guelph presents attractive investment opportunities. The solid year-over-year growth indicates that real estate investments have been appreciating steadily, which may attract investors looking for capital gains in the medium to long term.
Guelph’s increasing population suggests ongoing rental demand, which could benefit investors looking for income properties. Given the city’s diverse economy and status as a hub for agri-food and biotechnology industries, there is potential for rental properties to remain in high demand as the workforce grows.
With its university and vibrant culture, Guelph attracts students and young professionals who might prefer flexible renting options, supporting the potential growth in the apartment sector. Investors might consider targeting this demographic with rental units that cater to their specific needs.
Future Market Outlook
The future outlook for Guelph’s real estate market remains positive. The sustained growth in property values indicates confidence in the market’s strength. With its steady population increase and economic development plans aimed at attracting business investments, Guelph is poised for continued expansion.
The city’s commitment to innovation and sustainable development could also foster new residential projects that cater to an environmentally conscious buyer base, potentially leading to new trends within the market such as eco-friendly homes or developments focused on community living.
However, it is important for investors and homebuyers to remain aware of broader economic factors such as interest rates, government policies affecting homeownership, and global economic trends that could impact local markets. Keeping abreast of these factors will be crucial for those seeking to capitalize on Guelph’s real estate opportunities while mitigating risks.
