Prime Lending Rate
Variable, five year rate.
Effective May 27, 2013.
Subject to change without
Friday, 24 May 2013
This is a home for the buyers who desire a great lifestyle as well as a fabulous home. It is located in one of Guelph's finest and established areas. Only minutes to downtown with its cafe's and eclectic eateries as well as the river and all it's peace and tranquility. The home offers many ammenities such as well manicured lawns and lush vegetation. There is a lot going on here from a lifestyle perspective and many will enjoy and appreciate what it offers. Go to the website for lots of pictures of this amazing home. Click on browse featured listings :)
Saturday, 13 April 2013
Ok this is the final segment in our look at the history of Guelph Real Estate since 2000. We last left off in part 2 @ the end of 2008 which saw our local market rise 5% for that year. Of course as we all know the end of 2008 saw a massive economic meltdown that we are still feeling in many respects to this day. Real estate prices "PLUNGED" in many North American markets. In areas close by such as Toronto or Kitchener we saw prices fall by as much as 20% off the previous year at some points. However as I said here many times now Real Estate is local.....repeat that will you lol. The reason this is so important to remember is because great news or doom and gloom is always told to us using national sale statistics and this is just useless information when it comes to your local market. So in 2009 a year when every economist in Canada said we were headed down the proverbial real estate toilet the Guelph market went down ecactly........wait for it........ZERO %! That is correct, the sky was falling the chicken littles were out in droves and we were all going to be toast if you had bought a home with 5% down recently or worse yet....NO MONEY DOWN! Yetremember..."Real Estate is local :) thankfully! So when many markets did dip somewhat in 2009 Guelph
' did not. Then in 2010 the market rocketed up 9% followed by 4% in 2011 and a further 6% in 2012. That means that had you listened to the so called experts and decided not to get in the market in late 2008 or early 2009 it has now cost you $58,000 in the increase of the average home in Guelph. Where is the bank economist now to explain why you have nearly $60,000 in lost equity lol. So to wrap up since I started in this busines in 2000 I have been told by sooooooo many people who claim to know that the market is going to "crash" or that we are in a "bubble". Yet home prices have increased from $184,000 to $362,000 in that time. Not a rapid run up, simply slow and steady growth. The moral of the story is that if you want to know what is going on in your market, ask your local Realtor.....better yet, ask one of us :) Have an awesome day!
Thursday, 07 March 2013
So last time we looked @ the prices for Guelph over the last decade or so and found that they had basically doubled in value from 2001-2012. Now lets see what years were the boom years and which were not. In the end of 2001 the average home price in Guelph was $189,500. Over the next few years these prices rose on average about 5% per year until 2004. In that year prices jumped over 11% to reach $234,00. That was followed by a 10% increase in 2005 to reach $258,000. These rapid increases the "Experts" said would have to come down as they could not continue. Of course the Realtor on the ground who ironically is not called an expert, felt that things would continue based on Guelph's demographics and the supply/demand for our area. Of course as is usually the case, the "experts" were wrong and the local Realtor was correct. Over the next few years prices rose on average of 5% per year to reach a high of $299,000 by the end of 2008. The lesson to be learned from this part of our look back @ history is that if you listened to the so called experts in 2005 and waited to buy so you could take advantage of the pending DOOM......well that cost you about $40,000 by the fall of 2008. In other words, if you want to know your local market....talk to a local Realtor who is full time and sells homes frequently. This fact alone will help them know the local market fairly well.....certainly better then an economist, banker, or family friend. In the next segment we will see what has happened since 2008 :)
Thursday, 14 February 2013
On this lovely Valentines day I decided to not to comment about Love since I am more of an expert in Real estate than affairs of the heart. On that note I thought it would be interesting to take a look at the past decade or so in real estate to see how values have risen since the beginning of the millennium. So lets take a look back at the begging shall we. The year was 2000, we same home had survived Y2K and we look at the average sale price of a home in Guelph and see that it is approximately $180,000 for a detached home in Guelph. If we had bought a home at that time we would have seen that home appreciate to the point where in 2012 that same house is $357,000. So basically it would appear that we have a 100% increase in price since the end of 2000 beginning 2001. Now nothing is as it seems so over the next couple of blogs we shall see how and why these prices took such a leap.
Thursday, 17 January 2013
This is a modern Urban Saavy design to be sure. This home has a huge master suite, with gas fireplace. It also comes with a walk in closet that is larger then some people's bedrooms. The ensuite bath is a large 5 piece design with dual vanities and separate shower. The second bedroom is upstairs as well and has easy access to a 3 piece bath. The main floor features a huge great room with 16 foot ceilings, gas fireplace, pot lights, dark maple hardwood floors are throughout the main floor. Open concept custom kitchen and large dinette with patio sliders finish off this area. The main floor also features a 4 piece bath, a 3rd bedroom and a sitting area/office. Down stairs is ready for your creativity but it already has been given a lot of thought. The basement has 9 foot ceilings, gas fireplace, walkout to rear yard and a potential soundproof theater room. Plenty of space down as it measures nearly 1400 sqft on the lower level. A truly nicely designed home in one of Guelph's nicest areas.
Tuesday, 08 January 2013
Well as some of you are now seeing, Guelph has started to roll out the new waste collection program which consists of each residential home having and maintaining 3 different style of bins. 2 are quite large @ approximately 360 litres while the third is a fair bit smaller. The large ones are cumbersome for a guy like me who is 6ft and well north of 200 pounds. I can only imagine what some seniors must be feeling when the daunting task of garbage day comes along. Add to this the fact that no liners are allowed to be used in them and it should make for some interesting and smelly summer nights. I hope people rinse them thoroughly every week so we don't get too much new life inside them. I have taken a wait and see approach to how this will all unfold over the coming months. Suffice to say, Guelph homes are going to have quite a different curb appeal compared to how it used to be.
Wednesday, 02 January 2013
We are proud to present a great opportunity in the centre of Guelph. This cute bungalow is situated on one of the larger lots in the city. Measuring 80 x 150 this home has an updated kitchen, newer roof, and updated windows. The home sits on a nicely treed lot and has a detached garage. Only 5 minutes to downtown Guelph! Call the DreamTeam to arrange a personal viewing.
Wednesday, 02 January 2013
Well a new begining comes with every new year. So our hope to you and yours is for a healthy and prosperous year ahead. The Dream Team will be here for any questions you may have regarding Guelph Real Estate or real estate investing in Guelph and are happy to help in any way. All the best, Chad