Real Estate Update - May 27 - 2016 by Guelph and District Association of REALTORS®

Volume #7, Issue #20

May 27 - June 2, 2016

l a c o L r u Yo

s g n i t s i L

page 6 Is Guelph in a Housing Bubble?

E AT -D ST O P-T ATE Y U HE L A ST H T T WI s use -ho n e op ca/ ar. gd

page 8 Open Houses & Local Market Stats Stay Connected! to your local REALTORS® Follow our

feed @_GDAR_ and like our

page at “theRealEstateUpdate”

Read the online edition at www.GDAR.ca — Updated weekly!

GuelphHomes.com List with me for Complimentary Staging plus Virtual Tour with Floor Plans “We honestly couldn’t have been happier with the service and results. Steve was ‘handson’ helping prepare the house for sale, and the quality of both the staging and virtual tour he arranged were simply excellent, as was his approach to promoting the property.

Steve Dawkins Broker

It sold in less than a week for 99% of the asking price - and he was there to help with all the after-sale issues as well.” — Penny & Murray W.

Free NO-OBLIGATION Market Valuation Direct: 519-827-8434 | Office: 519-837-1300 | Toll-Free: 1-855-95-REMAX | steve@dawkins.ca

Your Local Listings by REAL ESTATE UPDATE

May 27 - June 2, 2016

Guelph & District Association of REALTORS®

Publisher The Guelph & District Association of REALTORS®

Production and Creative Design Craig Design • (519) 955-4416 • realestateupdate@gdar.ca

Printed Distribution & Circulation Inquiries J.P. Abbott Distribution Services Ltd. • (519) 821-3206 QUESTIONS or CONCERNS about Distribution: Please call J.P. Abbott Distribution Services Ltd., 519-821-3206 with details.

REAL ESTATE UPDATE is printed & published every Friday and is also available in an online weekly digital edition at www.GDAR.ca. This issue is 8 pages without any inserts and available at convenient pick-up sites.

REAL ESTATE UPDATE is distributed free of charge through “green” outdoor pick up boxes and key distribution partners which include real estate brokerages, retail outlets, restaurants, professional businesses, and community centres throughout Guelph and Wellington County. The publication and all its images remain the property of Guelph & District Association of REALTORS® and its members, and may not be reproduced without written permission of the publisher. The publisher assumes no responsibility for statements or claims made by advertisers. Advertising is exclusive to voting members only of the Guelph & District Association of REALTORS®. The publisher reserves the right to refuse any ad due to content or lack of protocol. Views expressed in any editorial found herein are not necessarily those of the publisher. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.

OPEN HOUSE

$329,900

69 Ridgewood Avenue, Guelph

Sun., May 29th from 1:00 - 3:00 PM

FIRST TIME BUYERS DREAM HOME THERE ARE NOT MANY 3 BEDROOM/

2 bath detached homes available in Guelph for under $330,000. This home has a beautiful updated open concept kitchen with oak cabinets, updated 4 pce bathroom with ceramic, laminate in the living room and a brand

new basement powder room just outside the large recreation room. Some outdoor features are the home is freshly painted, in mature neighbourhood, with oodles of parking and on the end of a dead end street. The private sunny lot is fully fenced, with a large deck

and an oversized workshop/ shed perfect for the gardener. Close to banks and shopping All appliances are included. All you have to do is to move in. Contact Irene Szabo, Sales Representative 519-824-9050 iszabo@royallepage.ca

Guelph & District Association of REALTORS® 400 Woolwich Street, Guelph, ON N1H 3X1 Phone: (519) 824-7270 Fax: (519) 824-6730 COVER IMAGE © Dollar Photo Club

CONNEX REALTY INC.

Real Estate Brokerage • Independently Owned and Operated Gordon Dawe

Tyler Dawe

Adam Bendig

John Gaida

Sydney Fisher

Michele Dawe

Sales Representative

Broker of Record

106 MAIN ST N, ROCKWOOD, ON N0B 2K0

108 MacLennan St., Rockwood

OPEN HOUSE: Sunday, May 29th 2:00-4:00 PM WELCOME HOME

This home has been waiting for you. The moment you step in the front door you’ll fall in love with the charm & feel of this family home. Whether it’s the sunken family room, open concept dining room or the kitchen overlooking the great yard, the main floor just invites you in. Enjoy gardening while watching the kids swim in the pool! John Gaida. $575,000

519-856-4348 OR TOLL FREE 888-656-4348

108 Ridge Rd., Rockwood

Sales Representative

187 Jolliffe Ave., Rockwood

123 Bernardi Cres., Rockwood

WELL CARED FOR BRICK TOWNHOME IN THE SCENIC VILLAGE OF ROCKWOOD Spacious Foyer With Slate Floor To Welcome Your Guests, Beautiful Living/Dining Rooms With Cathedral Ceilings, Beaded Corners, Hardwood Floors, Gas Fireplace, & Walkout To Patio. Bright Eat-In Kitchen With Potlights, Granite Countertops & Walk-In From Garage. Main Floor Laundry, Office & Master Bedroom With Walk-In Closet, 3 Piece Bath & Crown Mouldings. 2nd Floor Features 2 More Bedrooms, A Loft & 4 Piece Bath. Michele & Gord Dawe & Sydney Fisher $469,900

WELL CARED FOR HOME IN THE SCENIC VILLAGE OF ROCKWOOD

Large Foyer With Ceramic Floor, Hardwood Floors Throughout, Living Room With Gas Fireplace & Vaulted Ceiling, Spacious Kitchen With Granite Counters, Centre Island, Built-In Appliances & Walkout To 12 X 6 Ft Deck. Separate Dining Room. Michele & Gord Dawe.$456,900

3 BEDROOM BRICK BUNGALOW

With Main Floor Laundry, Eat-In Kitchen, Living Room With Beautiful Hardwood Floors, Gas Fireplace & Walkout To Yard, Master Bedroom Has A Double Closet & A 4 Piece Ensuite, 2 More Good Size Bedrooms, Downstairs Has A Large Rec Room & Rough In For Bathroom, Covered Front Porch, Paved Driveway & Double Car Garage. Michele & Gord Dawe. $519,000

LARGE 1 BEDROOM (possibly 2) Country Property for Rent. $1,500/month inclusive. References & past tenancies required. Call Gord or Michele.

142 York Rd, Unit #15, Guelph

178 Alma Street, Rockwood

O S

SUMMER IS COMING!

INVESTMENT OPPORTUNITY IN PRIME STUDENT LOCATION!

4 Bdrms (all above ground), 2 full bathrooms, 2 rooms with balconies & a great view of York Rd, park & the covered bridge. Fantastic location! Walking distance to U of G & Guelph’s downtown shops, restaurants & more! Located on a direct bus route. Great for quick transportation throughout the city. Large unfinished bsmnt with oversized egress windows, 3pc rough-in & ensuite laundry. Affordable 4 bdrm townhomes like these don’t last long. Tyler Dawe & Adam Bendig. $279,900

! LD

211 Christie St, Rockwood

UNIT #3

Main Plaza location in Rockwood fronting on Hwy #7, good exposure & parking. TMI estimated at 5/sq.ft. Gord Dawe. $800/Mnth

UNITS #7 & #8

2 units, both are 1000 sq. ft. each & each unit is $1,100/month + TMI - Right on Hwy #7 in Rockwood, great exposure, adequate parking. Gord Dawe

Sit On The Deck & Lookover Your Private Backyard. Bungalow In Mature Family Neighbourhood & One Of The Best Backyards In The Village. Living Room With Large Picture Window, Eat-In Kitchen With Walkout To New 9.8X19.11 Deck. Separate Dining Room. Lower Level Features Large Rec Room With Woodburning Insert & Walkout To Yard, 3rd Bedroom, Office, Laundry & 4Pc Bath. Michele & Gord Dawe $459,900

Your Local Listings by REAL ESTATE UPDATE

May 27 - June 2, 2016

1499 Gordon St., Guelph • 519-837-1300

Guelph & District Association of REALTORS®

238 Speedvale Ave. W., Guelph • 519-836-6365

782 Tower St. S., Fergus • 519-787-0203

Independently Owned and Operated Brokerage

w w w. r e m a x c e n t r e . c a $219,900

NOT A COOKIE CUTTER CONDO!

$239,900

102-200 WOOLWICH ST. OPEN HOUSE: SAT., 12-1:30PM

NEW PR

Charming 2 bed, 2 bath home in historic Phoenix Mill. Super spacious 2 storey floor plan with 9 foot ceilings & deep window wells. Great central location offers highway access as well as river side walking/biking trails, shops, restaurants, the farmer’s market and all that Guelph’s vibrant down town has to offer! DEAN MANTON** 519-821-4000 www.mantonteam.com #UPGRADEYOURAGENT

SIGNIFICANT PRICE REDUCTION - Owner says ”bring an offer”!! Spotless renovated downtown condo with designated parking space. You’ll love it!! KAREN PAGNAN* kpagnan@remaxcentre.ca 519-820-2530 and GAY GENNINGS** gay@gaygennings.com 519-836-6365

$389,900

P R It iOn gR prosper.ca STEVE DAWKINS** 519-827-8434

Please visit remaxcentre.ca

402-2 COLONIAL DR. OPEN HOUSE: SAT., MAY 28 1:30-3PM

$284,500

205-60 LYNNMORE ST OPEN HOUSE: SAT., MAY 28 2-4PM

$319,900

364 YORK ROAD OPEN HOUSE: SUN., MAY 29 2-4PM

ICE!

91 SIMMONDS DRIVE, GUELPH

Search Guelph area commercial properties & business opportunities.

$249,999

lis a n d i t ’s

SOLD!

There is a charming 2 plus 1 bedroom bungalow near the Wilson Farm House Park. Finished basement. Deck. Single garage. Well maintained. Appliances included. Income potential. Call PAT PRIOR* 519-830-9728

COMING SOON!

171 METCALFE ST., GUELPH

Exquisitely designed top floor condo with an incredible view. Upgrades include hardwood flooring, quartz countertops and cabinetry. Desirable building boasting exercise facility, party room and underground parking. Located in the vibrant south end and surrounded by walking trails, amenities and close to public transit. Call to view. LINDA DUSZCZYSZYN* 519-993-5505

3 Bedroom, 2Bath Condo Close to the 401. 1117 sq ft. Carpet Free Living. Low condo fee. Close to Stores, Restaurant, Cinema and much more. DEBBIE KURT* 519-766-6384

OPPORTUNITY KNOCKS! Solid brick 3 bedroom home close to downtown and Eramosa River Park and trails. Your chance to own a home in the historic sought after St. Patrick’s neighbourhood. Call to view. LINDA DUSZCZYSZYN* 519-993-5505

$699,000

The BEST HOUSE? The BEST SERVICE?

7242 WELLINGTON RD 17, ALMA

“I always deliver!” 23 yrs experience. Hundreds of home sales. Hundreds of home inspections. The highest ethical standards. I should be working for you! Let’s get started!

TRACEY MANTON* 519-831-3335

www.traceymanton.com $899,000

32 FIRST LINE, ELORA

visit ROrehomegroup.ca search ‘ramonaostrander’

Ramona Ostrander*

Perceptive and transparent service my standard; compelling communication & discerning action my tools for deliberate results. 519-837-1300

Lovely Country Home on 2.73 Acres. Over 3200 sq ft of living space. This open concept home features a Gourmet Kitchen with large island. Large Games room, 3 Bay Garage. A beautiful sitting room to view Carroll Creek. Lots of room to grow. DEBBIE KURT* 519-766-6384

WHAT’S YOUR HOME WORTH?

FREE Online Home Appraisal FAST!

✔ solid brick bungalow with garage ✔ within walking of many amenitities ✔ updated 4 pc bathroom and kitchen

✔ laminate flooring in open concept living room, dinette, kitchen and 3 bedrooms on main floor

✔ separate entrance to the basement featuring

finished rec room, 4th bedroom/den, laundry and workshop/storage down BONNIE MULLEN* 519-836-6365

36 Acres. Large property located on the southend of Elora. Great investment. Contact for more information. DEBBIE KURT* 519-766-6384

www.mantonteam.com

$999,900

15 MAIN ST, MORRISTON

Please visit remaxcentre.ca

End Your Commute Here www.kristinandanita.ca

RE/MAX REAL ESTATE CENTRE INC.

Independently Owned and Operated Brokerage *Sales Representative

**Broker

Your Local Listings by REAL ESTATE UPDATE

May 27 - June 2, 2016

Guelph & District Association of REALTORS®

HomeLife Power Realty Inc. Brokerage

INDEPENDENTLY OWNED AND OPERATED

1027 GORDON STREET, GUELPH (At Kortright Road)

519-836-1072

www.homelifeguelph.com www.homelifepower.ca Toll Free: 1-888-932-3548 homelife@homelifeguelph.com

! D OL

BRIGHT AND NEWLY RENOVATED 1308 sq ft condo is move in ready! This great starter home has nothing left to do but move in and enjoy! NITSA ELIOPOULOS.

OPEN HOUSE: Sunday, 2:00-4:00 PM Beautiful main floor condo located in the historic stone Phoenix Mill (Circa 1887, retrofitted 1990) with private entrance. This two bdrm, two bath condo has gorgeous hardwood floors, 9’ ceilings and in site laundry. Perfectly located along side Howitt Creek, this condo is only a short walk to downtown. A must see for all condo shoppers. NATASHA GOSSE

O S

SEVERAL BUYERS LOOKING FOR

1) In the Lourdes school region, flexible closing 2) Looking to close beginning of July Invest in yourself for only $35,000. A turnkey established operation is for the offing. The “E-Ride” business will go far in this economic atmosphere of conservation and eco sensitive industry. Everything is included for you to build upon an up and coming clientele. So, if you have small electric motor skills and an entrepreneurial spirit, then please, give me a call. Contact JANE HASTINGS

3) Looking to close beginning to mid-August If you are considering selling your home and it fits any of the above, please contact

DEBBIE ASKIN at 519-766-2710

RIVERSIDE PARK CONDO $295,000

On a 61’ lot, almost 3,000 sq ft of finished living space ideal for a large family. New windows, granite countertops as well as newer roof and more. Lovely covered rear deck and bistro style side deck are great spots to relax and enjoy the day. Around the home you’ll enjoy the meticulously trimmed and maintained yard that is well cared for. Definitely worth a look. Call ANDREAS KRAUSE to see it today. Offered at $629,900

This George Good custom built home will blow your socks off! Beautiful country living on the very perimeter of Guelph and Cambridge. Straight from the pages of a luxury home magazine, you won’t believe that they fit this much quality into one home. All the serenity of a pristine, 9.2 acre lot, yet literally a moments drive from the amenities of the city. True luxury living at its highest level. JACKIE HARRISON

A fabulous 2 storey home with 4 Bedrooms and 4 bath on a walkout lot. Finished basement. Home in desirable family neighbourhood. For private viewing call MANI MATTU today! 519-546-4411

This Asian Food Market has been established over 35 years, locates in the core of downtown of Guelph. Excellent for family operation. Price includes goodwill, freezer & all equipment, all good shelves and online order Website. Training provided. Work for yourselves. LISA CHOU

Amazing family home perfectly situated on a pool sized pie shaped lot, on a Cul-De-Sac, and in the highly desired south end of Guelph. This almost 1500 sq.ft. 3+1 bedroom, 2+1 bathroom, 2 storey family property is ready for you to call it “HOME”. Please visit: www.34SagewoodPlace.com for more details. CHRISTIANNE CHILD and TERRA WHITE Listed at $469,900

OPEN HOUSE: Saturday, 2:00-4:00 PM

I HAVE BUYERS FOR...

* Family South-end home on quiet street, up to $700,000 * Home near the U of G under $500,000 w registered unit * a Home along Skyway Drive, Guelph and another in Rockwood up to $600,000 WILL LENSSEN, 519-830-4799 Visit www.willen2sell.com

This bungalow will fill all the check boxes. From its newer furnace, air conditioner, roof and separate entrance to the finished basement. Enjoy your own backyard oasis with the birds, trees, perennials, family size deck and a spot for the hot tub too! Walking distance to Bailey and Exhibition Park! Truly the gem, you have been waiting for! JACKIE HARRISON

Condo Townhome

OPEN HOUSE: Sunday, 2:00-4:00 PM

Central to North End of Guelph with green space influence. 2-3 bedroom, minimum 1.5 bath. If you are considering selling such a place, please contact

ONLY 1.5 KM FROM UNIVERSITY AND THE BUS STOPS IN FRONT OF THE COMPLEX Well maintained original owner occupied unit. Massive master bedroom and large finished family room is finished in the basement too. New furnace and flooring and freshly painted too. All appliances are included with the home. Not many units are as move in ready as this one! Very suitable for a family or as a student rental Call ANDREAS KRAUSE to see it today at 519-835-0120

COLIN MACDONALD 519-836-1072

Debbie Askin

Haosen Cai

Christianne Child

Sales Representative

Carl A. Leybourne

Colin MacDonald

Bryan Marquess

Sales Representative

Broker

! D OL

THIS JUST SOLD

Looking for 2 bungalows. Call DON MCLAUGHLIN

ATTENTION LANDLORDS

LOOKING FOR

Maria Annable

2 FOXWOOD CRES $589,900

NEW SOUTHEND FAMILY HOME UNDER $500,000

I HAVE SERIOUS BUYERS

Sales Representative

4+2 BEDROOM 4 BATHROOM PIDEL BUILT HOME

Three bedroom or two bedroom plus den, your choice. This will make downsizing easier. Updated kitchen, baths, interior doors. Nicely decorated, crown moulding added. Laundry room in unit with lots of storage. Spacious enclosed balcony. Use of inground pool, tennis court, games room, workshop and of course Riverside Park and extensive Speed River walking trails. Enclosed, covered parking plus water and heat included in monthly fee. BRYAN MARQUESS 519 830 2756

JUST LISTED BUSINESS FOR SALE $50,000

! D L

! D OL

Broker

Lisa Chou Broker

Mani Mattu

Sales Representative

Baz Durzi

Sales Representative

Don McLauglin

Sales Representative

Nitsa Eliopoulos

Sales Representative

Sean Myslik

Sales Representative

Natasha Gosse

Sales Representative

Hugh Peloso

Sales Representative

Jackie Harrison Broker

Rob Pigozzo

Sales Representative

Jane E. Hastings

Sales Representative

Sarah Rubenstein

Sales Representative

Susan Kenny

Sales Representative

Gasper Russo

Broker of Record

Ready to Cash In? Looking for tri-plex’s, 4 unit or 6 units, etc. Please call HUGH PELOSO

Andreas Krause Broker

Glenn Stanley

Sales Representative

Harold Lee Broker

Nancy Vallance

Sales Representative

Will Lenssen

Sales Representative

Terra White

Sales Representative

May 27 - June 2, 2016

Your Local Listings by REAL ESTATE UPDATE GUELPH

214 Speedvale Avenue W. T: 519.821.6191 TF: 800.475.2251 speedvaleoffice@royallepage.ca

Guelph & District Association of REALTORS®

GUELPH

848 Gordon Street T: 519.824.9050 gordonoffice@royallepage.ca

GUELPH

ShowCase of Homes, Stone Road Mall royalcity@royallepage.ca

ROCKWOOD

295 Alma St. Unit 1 T: 519.856.9922 rockwoodoffice@royallepage.ca

www.royalcity.com

65 College Avenue W.

34 Bailey Ave., Guelph - Sat. & Sun., 2-4 PM

7234 Wellington Road 30

Concession 7, Puslinch

OLD UNIVERSITY HOME ON HALF AN ACRE

CALLING YOUNG COUPLES

HOBBY FARMERS CAUGHT DROOLING - 44 ACRES

VACANT PUSLINCH ACREAGE

This Old University charmer that you’ve likely spotted while driving down College Avenue is available! With an updated kitchen and a tender care that has upheld its character, it is the ultimate canvas to introduce the finishings of 21st century to. Grand formal rooms (typical to the home’s era), high ceilings and an outdoor serenity that many city dwellers yearn for. Situated on a huge, private, treed, half acre lot in central Guelph, close to the University of Guelph OVC and dairy bush, near the amenities on Stone Road or downtown’s local shops and vibrant culture, this may be your last stop for a long time. John Clark*, Lorna Ronald* & Bill Swan**. $779,000

55 Bridle Path

This home could be a picture perfect beginning. The new kitchen will be a pleasure to cook and spend your time in. The spacious master bedroom or the full finished basement with another full bath could be the decision maker for you. It is a must to see this home and the location across the road from a massive park. Come see for yourself or maybe it will not last so call fast. Jayne Patrick*. $389,900

Situated minutes from Guelph, with over 2,400 sq. ft. of living space, 4 BRs and 5 baths, a main floor master with ensuite, a large formal dining room and 2 car garage, this home will entice many different lifestyles. Big ticket items that have been taken care of include; paving of driveway (2014), new furnace (2014), new roof (2012), power in garden shed (2013), new front deck and back patio (2013). Your chance at this spectacular property for the first time since 1993, don’t miss it this time! John Clark* & Lorna Ronald*. $889,000

198 Glasgow Street North, Guelph

Conveniently located just minutes south of Guelph, this lovely and scenic 52+ acre lot is awaiting your plans. The property has easy access to Hanlon Expressway (Hwy 6) and is less than 3 km north of Hwy 401. Contact Frances Snider* at 519-824-9950 ext. 235 and Turn your Dreams into an Address today! $1,299,888

6 Oakridge Cres., Guelph

SPRAWLING 2-STOREY HOME

1870s ONTARIO COTTAGE

SOUTH END 4 BEDROOM HOME

Situated in an exclusive pocket on a 164 x 264 ft lot with triple car garage. Gorgeous grounds surround the inground pool and meticulous landscaping. Main floor master suite, formal principal rooms and incredible lower level with rec room, games room guest room and 350 sq ft workshop. Please Call Stephanie Riley* 519-821-6191. $1,277,000

Lovingly updated and maintained to retain its historical value. The front enclosed portico has intricate wooden details, which are noted on the Guelph Walking Tour. The rear addition is a family hub with a gourmet, bright kitchen, a dinette area, 2 pc bath and laundry room plus an additional 4 pc bath -all with a view of perennial gardens, water feature, inlaid cut stone patio and quaint and cozy garden shed/ studio with hydro. The finished attic area is the master bedroom with a gas fireplace, 3 skylights and 3 pc bath. There is also a sitting area with garden doors opening out to a romantic balcony. A COMPLETE GEM. John Clark* & Lorna Ronald*. $734,900

With walk-out finished basement, inground pool and backing on to park. Flowing open-concept layout, main floor laundry, quiet crescent and located close to schools, amenities and trails. Please Call Stephanie Riley* 519-821-6191. $859,900

67 Old Ruby Lane

40 Karen Avenue, Guelph - Sat. & Sun., 2-4 PM

5546 Fourth Line

“GOOD” BUILDS BETTER

QUALITY UPDATED FAMILY HOME

1 ACRE BUILDING LOT IN ERAMOSA

A truly custom built, one owner bungalow by George Good, one of the area’s premier builders! This 2,500 sq. ft. home with finished walkout basement (w/in-law suite) features a large kitchen with stainless appliances & working island with handy seating area. 3 BRs up, main floor laundry with an abundance of working space and ideally used as a mud room off of the large and bright 3 car garage! The master features a 5 pc. ensuite with double vanity, glass shower and soaker tub, along with patio doors to the deck. The large lot offers many outdoor possibilities. A must see in the Estates at Audrey Meadows. John Clark* & Lorna Ronald*. $1,399,000

In University area on gorgeous pool-sized lot, over 2200 SF of living space including two walk outs, bright main floor spaces, double car garage, hardwood floors, master with ensuite plus so much more!! Julie Glass-Ashley* 519-222-2348. $639,500

A rare find! A flat, then very gently sloping 1 acre lot on a quiet country road ten minutes from Guelph. A great opportunity to build your dream home with a southwest exposure. John Clark* & Lorna Ronald*. $299,000

77 Imperial Rd. N., Guelph - Sat., May 28th, 2-4 PM

RAISE YOUR FAMILY HERE Fantastic neighbourhood and a warm and inviting home that is a must to see. Three spacious bedrooms plus a 4th in basement. Open concept main level with a wood burning fireplace, hardwood floors and many bright windows. The windows are all new, the furnace air conditioner, and roof have all been recently replaced. This home has been beautifully maintained and has gardens that are stunning and is close to all conveniences. Jayne Patrick*. $429,900

Visit www.royalcity.com for more great homes. NO SIGN-UPS.. JUST CLICK AND VIEW! †

Licensed Assistant

*Sales Representative

**Broker

***Broker of Record

Your Local Listings by REAL ESTATE UPDATE

May 27 - June 2, 2016

Guelph & District Association of REALTORS®

illustrations: © Stock Photo Secrets

IS GUELPH IN A HOUSING BUBBLE… A week doesn’t go by without a customer asking if we are in a housing bubble. While it may appear that we are in a bubble when you consider price increases, there are a number of factors that lead us to believe Guelph isn’t in a bubble. LET’S CONSIDER THE INDICATORS: The Sales to New Listings Ratio measures the amount of properties sold versus the number of new listings for a given month. The higher the ratio the more likely you are in a seller’s market. An extremely high number indicates a housing bubble. Guelph’s SNLR is well above 60%. The Price Increase is a measure of how home prices vary from one month to the next, or from one year to the next. Guelph property prices increased approximately 5% last year, and some estimates show prices are trending about 7% above last year’s average prices. An increase of home prices between 10 to 20% year-over-year would indicate Guelph is in a housing bubble. The amount of Multiple Offer Situations is on the rise in Guelph, with some estimating that as many as half of all home offers in recent months have been completed in competition. In addition, some home builders are experiencing line-ups for new releases. Interest Rates remain low, and with all the economic drama in the world, it is unlikely that

no really?

we will see any significant increases in rates for the next 18 months. Low rates have translated into greater buying power, which has helped fuel price increases. INFORMATION TO PROVE GUELPH IS NOT IN A HOUSING BUBBLE: Real Estate Inventories are at a low point. Recent published information shows that there is only one month of inventory available for buyers to choose from. Our buyers keep telling us that there “just isn’t anything out there,” but they’re still looking. It is no wonder there are multiple offers on resales and line-ups for new construction. Guelph’s real estate prices have increased an average 6% (approx.) per year over the past 45 years, so it doesn’t concern us that we may have a year or two in a row when prices increase over that amount. That’s how averages work! Some years you have a lower number, and some years it is higher. Average Incomes in Guelph are above the provincial average, and as a result we are seeing people buying more luxurious properties. It is no wonder values are creeping up, however they aren’t creeping up at a pace that is way out of line

with average incomes for our area. Mortgage Rules are significantly stricter today than just two years ago. The stricter rules are actually slowing down the pace in price appreciation. Guelph has the good fortune of being a great place to live, work and play. It is a Places to Grow Act city and will hit a population of 175,000 in about 15 years. That’s an increase of about 3000 people per year for many years to come. About 70% of those people will live in a property that they (or their parents) own. We will need approximately 1000 new housing units (owned and rented) to accommodate the influx of people, which will only do great things for property values. So with Places to Grow Act in mind, you have to ask yourself, are we really in a bubble? The reasons to believe we have a bubble are balanced off with the reasons we aren’t in one, especially given Guelph’s history of prices appreciating about 6% on average over the past 45 years. If you are sitting on the fence about buying, consider the fact that Guelph consistently ranks as one of the top 10 cities to “invest” in real estate in Canada. (Source: Money Sense & REIN) When taking the plunge, just buy something that fits within your budget and allows you to enjoy life too. You’ll appreciate having spare room in your budget for the little curveballs that life throw your way, like needing to get a new car.

— ARTICLE SUBMITTED BY SANDRA LASTOVIC, THE MORTGAGE CENTRE —

•

Your Local Listings by REAL ESTATE UPDATE

May 27 - June 2, 2016

Guelph & District Association of REALTORS®

127 Metcalfe St., Elora 519.846.SOLD (7653) 135 St. David St.S., Fergus 519.843.SOLD (7653)

www.EdgeRealtySolutions.com * Sales Representative ** Broker *** Broker of Record OPEN HOUSE

OPEN HOUSE

SATURDAY, MAY 28th 12:00-1:00 PM

SATURDAY, MAY 28th 3:00-4:00 PM

SUNDAY, MAY 29th 1:30-2:30 PM

SATURDAY, MAY 28th 1:00-3:00 PM

84 Conservation Trail, Belwood Host: George Mochrie* MLS® 30516986 $769,900

6927 Highway 6, Fergus Host: George Mochrie* MLS® 30517339 $599,900

22 Peel St E, Alma Host: Linda Marquardt* $359,900

260 Normanby St. N., Mount Forest Host: Scott Couling* $229,900

OPEN HOUSE

SUNDAY, MAY 29th 12:00-1:00 PM

SUNDAY, MAY 29th 2:00-3:00 PM

SATURDAY, MAY 28th 12:00-1:00 PM

SATURDAY, MAY 28th 1:30-2:30 PM

6537 Gerrie Rd, Elora Host: George Mochrie* MLS® 30515764 $579,900

6541 Beatty Line, Fergus Host: George Mochrie* MLS® 30509537 $599,900

245 Bridge St, Fergus Host: Malcolm Crooks** MLS® 30514149 $649,900

583 McAlister St, Fergus Host: Melissa Seagrove** MLS® 30521691 $389,900

Perfect starter home! 3 bdrm, 1 bath, 1040 sq.ft. Call Carl Wilkinson* MLS® 30521619 $298,900

Solid red brick bungalow 2 bdrm, 1 bath, 1100 sq.ft. Call George Mochrie* MLS® 30515785 $375,000

Lots of recent updates! 4 bdrm, 3 bath, 1180 sq.ft. Call Paul Martin*** MLS® 30514597 $375,900

OPEN HOUSE

SATURDAY, MAY 28th 12:00-1:00 PM

272 Strathallan St, Fergus Host: Melissa Seagrove** $299,900

Charming Community of Eden Mills! $589,900

519-821-6191

20 Ash Street, Eden Mills

www.royalcity.com

OPEN HOUSE: Saturday, May 28th from 1 to 4 PM & Sunday, May 29th from 1-3pm WELCOME HOME to the Quaint and Charming Community of Eden Mills!!! A waterfront view that will have you smiling every morning, year round, with your steaming cup of coffee, and all the charm of a modern cottage (without the 3 hour drive of course!)…this is most definitely “IT”! In the Summer, you can enjoy the yard or sit by the water and have your own campfire…and then in the Winter you can lace up your skates and head out on the ice to enjoy all things Canadian. There is only one question left: WHEN should you host that EPIC housewarming Summer BBQ?? EDEN MILLS ART FESTIVAL HAPPENING THIS WEEKEND!

#HomeSweetHome

Krystal Lee Moore

OPEN HOUSE: Sat. & Sun., May 28th & 29th from 2-4 PM This 1250 square foot raised bungalow has ample parking and garage space for the hobbyist or car enthusiast. Come see us this weekend to see how it can work for you and your family. $389,900

krystalleemoore@royallepage.ca

Jan Husson • Jeff Morley

519-400-8394

jhusson@royallepage.ca • jeffmorley@royallepage.ca

Sales Representative

www.royalcity.com

470 WHITELAW ROAD, GUELPH

Sales Representatives

Your Local Listings by REAL ESTATE UPDATE

May 27 - June 2, 2016

Guelph & District Association of REALTORS®

Open Houses! Saturday, May 28

PRICE

TIME

ADDRESS

$229,900

1:00-3:00 PM

260 Normanby St. N., Mount Forest Scott Couling

Sat., May 28th from 1:00 - 3:00 PM

$419,900

86 Clough Cres., Guelph

ALL THE BELLS AND WHISTLES THIS IMMACULATE SEMI HAS HAD

so many upgrades you will have to see it to believe it. The bright, airy, main floor features a large living room with gas fireplace, pot lights, wood railings, custom shutters/blinds and a large bright eat in kitchen. The kitchen has amazing stainless appliances, a Jenn-Air gas stove, LG fridge and Bosch dishwasher, sparkling mirrored backsplash, separate

pantry and drawers in all the cabinets including in the movable island. Moving to the second floor you will find a large light filled master bedroom with walk in closet, a customized ensuite with upgraded fixtures, beautiful glass shower door, two good sized bedrooms, customized laundry with drain and cupboards. The basement has a walk out and large windows which makes it feel like it is above ground and is waiting

for your personalize touch. Outside is just as impressive with both the front and back professionally landscaped, backing on green space, custom shed, large deck with stairs, concrete patio, and fully fenced. This is a great home for a couple/family starting out or someone looking to downsize. Contact Irene Szabo, Sales Representative 519-824-9050 iszabo@royallepage.ca

REPRESENTATIVE BROKERAGE Edge Realty Solutions

12:00-1:30 PM

102-200 Woolwich St., Guelph

Karen Pagnan & Gay Gennings

$249,999

1:30-3:00 PM

402-2 Colonial Dr., Guelph

Linda Duszczyszyn

Re/Max Real Estate Centre Inc.

$284,500

2:00-4:00 PM

205-60 Lynnmore St., Guelph

Debbie Kurt

Re/Max Real Estate Centre Inc.

$299,900

12:00-1:00 PM

272 Strathallan St., Fergus

Melissa Seagrove

Edge Realty Solutions

$389,900

1:30-2:30 PM

583 McAlister Street, Fergus

Melissa Seagrovve

Edge Realty Solutions Royal LePage Royal City Realty

$239,900

OPEN HOUSE

2016

Re/Max Real Estate Centre Inc.

$389,900

2:00-4:00 PM

470 Whitelaw Road, Guelph

Jeff Morley & Jan Husson

$389,900

2:00-4:00 PM

34 Bailey Ave., Guelph

Jayne Patrick

Royal LePage Royal City Realty

$399,900

2:00-4:00 PM

18 Chester Street, Guelph

Jackie Harrison

HomeLife Power Realty Inc. Royal LePage Royal City Realty

$419,900

1:00-3:00 PM

86 Clough Cres., Guelph

Irene Szabo

$429,900

2:00-4:00 PM

77 Imperial Rd. N., Guelph

Jayne Patrick

Royal LePage Royal City Realty

$589,900

1:00-4:00 PM

20 Ash Street, Eden Mills

Krystal Lee Moore

Royal LePage Royal City Realty

$599,900

3:00-4:00 PM

6927 Highway 6, Fergus

George Mochrie

Edge Realty Solutions

$639,500

2:00-4:00 PM

40 Karen Ave., Guelph

Julie Glass-Ashley

Royal LePage Royal City Realty

$649,900

12:00-1:00 PM

245 Bridge Street, Fergus

Malcolm Crooks

Edge Realty Solutions

$769,900

12:00-1:00 PM

84 Conservation Trail, Belwood

George Mochrie

Edge Realty Solutions

Open Houses! Sunday, May 29

2016

PRICE

TIME

ADDRESS

REPRESENTATIVE

BROKERAGE

$225,900

2:00-4:00 PM

107-360 Waterloo Ave., Guelph

Natasha Gosse

HomeLife Power Realty Inc.

$319,900

2:00-4:00 PM

364 York Road, Guelph

Linda Duszczyszyn

Re/Max Real Estate Centre Inc.

$329,900

1:00-3:00 PM

69 Ridgewood Ave., Guelph

Irene Szabo

Royal LePage Royal City Realty

$339,900

2:00-4:00 PM

52-1055 Gordon St., Guelph

Andreas Krause

HomeLife Power Realty Inc.

$359,900

1:30-2:30 PM

22 Peel St. E., Alma

Linda Marquardt

Edge Realty Solutions Royal LePage Royal City Realty

$389,900

2:00-4:00 PM

470 Whitelaw Road, Guelph

Jeff Morley & Jan Husson

$389,900

2:00-4:00 PM

34 Bailey Ave., Guelph

Jayne Patrick

Royal LePage Royal City Realty

$575,000

2:00-4:00 PM

108 MacLennan St., Rockwood

John Gaida

Re/Max Connex Realty Inc.

$579,900

12:00-1:00 PM

6537 Gerrie Road, Elora

George Mochrie

Edge Realty Solutions

$589,900

1:00-3:00 PM

20 Ash Street, Eden Mills

Krystal Lee Moore

Royal LePage Royal City Realty

$599,900

2:00-3:00 PM

6541 Beatty Line, Fergus

George Mochrie

Edge Realty Solutions

$639,500

2:00-4:00 PM

40 Karen Ave., Guelph

Julie Glass-Ashley

Royal LePage Royal City Realty

Sold by a REALTOR® MLS® Market Analysis

CITY OF GUELPH

CENTRE WELLINGTON TOWNSHIP

TOWNSHIPS OF PUSLINCH AND GUELPH-ERAMOSA

Number of Homes

Includes detached, semi-detached, townhouses, & apartment units

Sold Year-to-Date

2016

847

2015

802

2016 Trending: Up 6% from 2015

Sold Year-to-Date

2016

138

2015

Sold Year-to-Date

2016

2015

109

2016 Trending: Up 27% from 2015

2016 Trending: Down 7% from 2015

Average Sales Price Average Sales Price Average Sales Price Year-to-Date

Year-to-Date

Includes detached, semi-detached, townhouses, & apartment units

2016

$395,303

2015

$360,178

2016 Trending: Up 10% from 2015

Home Selling

$365,205

2016

2015

$371,480

2015

2016 Trending: Down 2% from 2015

Home Selling

$608,696 $521,170

2016 Trending: Up 17% from 2015

Home Selling

Indicators (previous month)

Includes detached, semi-detached, townhouses, & apartment units

Months of Inventory

www.howREALTORShelp.ca

2016

# Days on Market

2016 Trending: Seller’s Market

Months of Inventory

# Days on Market

2016 Trending: Seller’s Market

Months of Inventory

# Days on Market

2016 Trending: Seller’s Market

Updated April 30, 2016. Sales information has been drawn from sources deemed reliable, but accuracy and completeness of the information is not guaranteed. The Guelph & District Association of REALTORS® does not assume any responsibility or liability, and all numbers should be independently verified.