City Series: Guelph Home Sellers are Saving Thousands in Commission
July 23, 2020
With a strong economic foundation and affordable housing prices, Guelph has recently been deemed by MoneySense Magazine as the best city to buy real estate in Canada1.
One of the reasons the Royal City was given this honour is due to its home-to-income ratio, which is much lower than other large cities in Canada. Due to this, Guelph homeowners are more likely to pay off their mortgage faster, putting them in a stronger, long-term financial position.
Guelph is a great place to live, work, and play in – and a great place to save thousands in commission when selling your home!
As the tenth largest population centre in Canada, many people enjoy living in Guelph for its strong economy, low crime rate, and high standard of living. Guelph’s small-town charm with big city amenities is maintained while still being less than a 90-minute drive from downtown Toronto.
No wonder Guelph is ranked the best place in Canada to buy real estate! As of June 2020, the average selling price for a home in Guelph is $666,962, a year-over-year increase of 18.3%2. These dramatic year-over-year gains reflect the strength of the Guelph housing market.
And even though we are in a pandemic, we are still seeing our Purplebricks home sellers in Guelph successfully sell their home while saving thousands in commission!
Commission Savings: $20,000†
Sold Date: June 6, 2020
Days on Market: 8
Commission Savings: $24,000†
Sold Date: June 7, 2020
Days on Market: 2
Commission Savings: $19,000†
Sold Date: June 2, 2020
Days on Market: 2
Commission Savings: $13,000†
Sold Date: June 13, 2020
Days on Market: 18
Commission Savings: $11,000†
Sold Date: June 6, 2020
Days on Market: 2
And as for homebuyers? The number of new listings coming onto the market in June could not keep up with sales activity. This means that it’s a seller’s market in Guelph, and buyers may see some competition for homes currently on the market. If you purchase a home with a Purplebricks dedicated Home Buying REALTOR®, not only will you receive $2,000 in cash back*, our local agents will use their expertise to understand your needs and help you navigate the new market reality to land you your dream home. Added bonus – you can sign up for our automatic email alerts to keep you informed of homes that meet your criteria as soon as they hit the market.
Have a future post-secondary student in your home? You’re in luck, because Guelph is home to the University of Guelph and Conestoga College Guelph Campus. The University of Guelph is known for its excellence in the arts and sciences and is a research-intensive university attended by over 29,000 students across its three campuses. Conestoga College Guelph Campus is a provincial leader in education and training for the motive power trades and has many business-focused programs.
Pre-COVID-19 in February 2020, the unemployment rate in Guelph was 5.1%, which was less than the national average of 5.6%3. The pandemic has impacted unemployment rates across the country. As of June 2020, Canada’s unemployment rate is 13% and Guelph’s is 14.9%.
Last August, Guelph’s economy was noted to be the fastest growing among mid-sized cities in Canada, based on 2018 data4. The report also noted that the area is anticipated to remain a national leader in economic growth. Its economic diversity and proximity to other large cities helps position Guelph favourably for business investment.
And did you know there is an exciting company that has an office 60 minutes away in Stoney Creek? You guessed it, we do! If you’d like to join us in revolutionizing the real estate industry, visit our careers page to explore current opportunities. We also have remote working opportunities for licensed real estate positions.
Do you travel for work? No problem! With easy access to the 401 which connects to the 407 and 403, getting to where you need to go quickly is not a problem. Just 90 minutes from Toronto and 50 minutes from Hamilton and Lake Ontario, Guelph residents have convenient access to some of Ontario’s largest cities. And if flying is more your speed, you can catch an international flight at the Region of Waterloo International Airport, less than 30 minutes away.
Guelph’s Downtown Market Square is a public space where locals can enjoy a splash pad, special events, concerts, ice skating, and more. Although events are currently cancelled due to COVID-19, the splash pad is open for some summer fun! And you can view the square live virtually to see how busy it is before you go5.
All within an 8-minute walk from each other, you can enjoy three museums – the Civic Museum, McCrae House, and Locomotive 6167. Home to 30,000 artifacts that brings Guelph’s past to life, the Civic Museum keeps the museum fresh and ever changing with new exhibits, interactive galleries, special events, activities, and more. Celebrate Canadian John McCrae at the McCrae House, the birthplace of the doctor, soldier and author of “In Flanders Fields”. And sitting at Guelph Central station, explore the restored 1940 steam-powered locomotive at Locomotive 6167.
If you’re more into having fun outdoors, there are lots of activities to enjoy at one of the many parks. With opportunities to play baseball, basketball, tennis, pickleball, soccer, and volleyball, all your sporting needs can be met. There are also leash-free dog parks, hiking trails, picnic areas, and a skatepark to enjoy.
With over 80 eateries in Guelph6, you will be able to find the perfect spot to satisfy any craving. Who doesn’t love stunning plating? Locals in Guelph flock to Atmosphere Café + Etc for beautiful, and of course delicious, American, cafe and Italian food. Their patio is now open, and you can also order for curbside pick-up or delivery. And for dessert? Head over to Bliss Dough to enjoy edible, vegan cookie dough, where the toughest question you will have to answer is “what flavour do you want?”. Enjoy curbside pick-up or order your dough online and have it shipped right to your door.
Ready to sell your home in Guelph or want to call it “home”? A Purplebricks REALTOR® can help.
Purplebricks is here to support Canadians by providing them with a full-service real estate experience while saving them thousands in commission when selling their home. As for homebuyers, we share the commission by giving buyers $2,000 in cash back* when they buy a home with us. Call 1-855-999-9740 for more information.