With a changing mix of product available in Guelph real estate, there is likely going to be a long term decline in average price. Significant quantities of townhomes, condos and stacked townhouses in Guelph real estate at lower prices will increase supply and bring down averages as these formats gain in market share (currently 40%). On the flip side, limited production of single family detached homes (current 60%) will create greater demand from GTA buyers. We have written a full article on this changing Guelph real estate landscape at: https://bethandryan.ca/stacked-townhouses-an-incoming-problem-in-guelph-real-estate/
If you're considering buying or selling in Guelph real estate and have questions, feel free to call, email or book an appointment online at https//bethandryan.ca