By Condo Culture
Pictured above - The Metalworks along the Speed River in Guelph.
Guelph is consistently named as one of Canada’s top communities to live in, and in 2020, was named the best place to buy real estate in the country by MoneySense Magazine thanks to strong economic fundamentals.
If you’re thinking about selling your Guelph condo sometime this year? Then be sure to get an estimated value for it from our real estate experts. At no cost, we will provide you the supporting information that will help you to understand what it’s really worth and why.
Guelph is one of Canada’s most desirable mid-size cities to live in within Canada, so it’s not surprising that demand for real estate is high and prices have increased dramatically over the past few years as you can see from the data below.
Average monthly rental rates are quite high at $2,471.85 and the average rent per square foot sits at $2.40, plus the vacancy rate is very low at just 2%, so there are great rental income opportunities for real estate investors in Guelph.
Guelph is centrally located in South Western Ontario and is close to Toronto and the GTA via the 401, Kitchener - Waterloo, Niagara Falls, Hamilton, London, Stratford, the U.S., and other inviting cities and towns are just a short drive away. With Via Rail access along with the newly improved GO Station with service to Union Station in Toronto, getting to and from Guelph is easily done in a vehicle or through public transportation.
The not too big, not too small population is roughly 150,000 which is a really good size for urban living, and it’s expected to reach 203,000 by 2051, so a solid growth rate over the next 30 years, and the city certainly has lots of current and future demand for real estate.
Many people settle on Guelph to raise their families and it makes perfect sense since the crime rates are low, the community is full of friendly people, there are quality schools to enrol children in and the University of Guelph is a top 20 Canadian university. If you plan on getting your kids into sports and athletics, then there are a good variety of leagues to choose from including hockey, baseball, soccer, volleyball, flag football, and other popular ones.
Are you a foodie or just love a delicious meal? Then you will find Guelph a superb destination for food with many excellent restaurants and flavours from across the world including Thai, Middle Eastern, Mediterranean, Japanese, Korean, Vietnamese, Italian, French, Greek, Mexican, Chinese, and everything in between.
If you enjoy adult beverages, then you can check out several different bars, breweries, wineries, and distilleries. Spring Mill Distillery makes incredible gin and vodka products, and also offers other types of drinks, plus it’s close by The Metalworks which is a top condo development in the city.
Guelph may not be a huge city, but it still has an impressive arts and culture scene including the River Run Centre, Civic Museum, Art Gallery of Guelph, and McCrea House. There are also independent art galleries, and quality music venues featuring some of the country’s top musical acts. If you enjoy live entertainment, then the city has a solid collection of shows and venues for you to engage with.
Guelph has been blessed with numerous public parks and trails to get out and enjoy - each neighbourhood has quality options to navigate whether you’re looking to do a peaceful picnic lunch or get out your bike for a high-tempo ride. With 1,000+ hectares of land for parks and over 70 kilometres of trails, you will never get bored of Guelph’s great outdoors.
Almost 200 years in the making now, Guelph was established back in 1827 and as a result, has a rich history of architecture and traditions. There are 100 designated heritage properties, many of which are located downtown, and several of its most stunning buildings were established in the 1850’s. Guelph’s Civic Museum pays homage to its roots by hosting fantastic events, so residents and visitors can reflect on its incredible evolution.
Advanced manufacturing is a significant local economic engine for Guelph, and is led by Canadian and international companies including Linamar, Magna-Polycon, and Wurth Canada. Other key industries in the city include agriculture innovation, cleantech, and IT and communications technology.
Additionally, Guelph has one of the lowest unemployment rates in the province at roughly 3.9% and households have an annual median income of $70,503 which is the highest in Ontario.
If you’re in the market to buy right now or sometime soon, then be sure to look at our current Guelph condo listings to see what options are currently out there.
If you’re looking at pre-construction opportunities, then the Anthem at The Metalworks (pictured above is a rendering image of a unit’s interior) is an amazing upcoming development in Guelph, so be sure to check it out. We did an in-depth look at Anthem last week, so our article will give you some great insights into the project and the rendering images are spectacular visuals.
The Guelph market has so much going for it in terms of location, things to see and do, a high standard of living, a safe environment, a thriving real estate market, and so much more. If you have a desire to sell, buy, lease, or invest in condos in the city, then reach out to us as we are the area’s condo experts and we can help you reach all of your amazing goals.
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