Why Should You Invest In Preconstruction Condos in Guelph?
With real estate markets saturated in Toronto and the GTA, homebuyers are looking at excellent cities like Guelph for affordable housing options. Guelph is a city where you can have a most satisfying life. Surrounded by greenspaces, golf clubs, and with all top amenities such as Stone Road shopping mall, Costco Wholesale, Walmart Supercentre, The Home Depot, SmartCentres Guelph, luxury hotels, restaurants, parks, and more; Guelph has it all. There’s Aberfoyle Antique open-air market, Aberfoyle Farmer’s Market, Art Gallery of Guelph, Basilica of Our Lady Immaculate, Cambridge Butterfly Conservatory, Children’s Art Factory – Guelph has different flavours.
MoneySense has ranked Guelph as the second best city to buy real estate in Canada after Windsor. Guelph has been among MoneySense’s top five places to buy real estate since 2017. If you are looking for a city where you can live and work, Guelph tops the charts. Guelph provides ample employment opportunities and many of the residents of Guelph also work in the same city. Guelph currently has affordable housing options, which provides homebuyers with the golden deal of buying their first home without burning their pockets while working close by within the city.
The MoneySense report includes the following highlights about Guelph’s real estate market, as of 2019:
- Average house price: $527,300
- Average five-year rent increase: 20.02 per cent
- Five-year annual return on investment: 8 per cent
With the city attracting businesses through their programs ‘Invest in Guelph’ and ‘Prosperity 2020’, there will be a boost in businesses soon, bringing in more residents into the city.
Guelph New Condos Value & Trends
Current Guelph MLS stats indicate an average house price of $570,185, says zolo.ca. The average sold price is $570K, which is a hike of 7.4% from the previous month and 5% hike from previous year. According to zolo.ca, a 1-bedroom condo unit is priced at $394K, a 2-bedroom condo is priced at $487K, and a 3-bedroom condo is priced at $444K. There has been a hike 37-43% hike in the prices year over year. The statistics reveal that real estate prices in Guelph are showing a steep hike from previous year, and are predicted to go further up owing to the city’s consistent efforts to attract businesses to invest in the city.
Guelph has a population of 131,794 and a labour force of over 75,000. The city is seeing a boost in population, which is expected to grow close to 179,000 by year 2031. The city has many universities and colleges, including the University of Guelph, University of Waterloo, Wilfrid Laurier University, and Conestoga College. Numerous restaurants, stores, supermarkets, shopping malls, entertainment and recreation centres, theatres, historical monuments, parks, golf clubs and hotels around make life easy for the residents. Located in the heart of Wellington County, Guelph offers residents critically-acclaimed restaurants and accommodations, entertaining and educational activities, and a wide variety of shopping.
Guelph Condos Transit Options
Guelph offers convenient private and public transit options to its residents. With Hwy 401 just five minutes away, and Hwy 6 and Hwy 7 passing through the city, you can travel speedily to any destination. Commuters can also easily access VIA rail, and GO bus and train stations.
The city is also looking to make Guelph bicycle friendly. The Bicycle-Friendly Guelph Initiative is working to make cycling safer and more convenient.
No. of units:182Developer:Momentum DevelopmentsAddress:120 Huron Street, Guelph ON N1E 5L7Added to Compare ListCompare