It's been big news in Canada the last couple of years, the record high housing prices in Vancouver and Toronto that have people concerned that home ownership is becoming increasingly out of reach for more and more Canadians. Those trends seem to be coming our way now, and people are literally lining up for whatever deal they can find, so it seems the time is right to take a closer look at the state or our real estate.
Those hot housing prices in Toronto are now spreading as far out as Kitchener, Cambridge, and Guelph; home buyers are looking to get more bang for their buck while still staying relatively close to the city. But in this quest for bigger yards at lower prices, Guelph is being squeezed. People that love Guelph and are looking to lay down roots here are being edged out by those looking for a deal, or looking to make a shrewd investment. On top of that, Guelph already has a very low vacancy rate. We have more interest than ever, but we also have less to offer.
So considering all this, I reached out to some experts: Tyson Hinschberger of Planet Realty, and Kelly Caldwell and Kimberley McKee from Trillium West. They're the ones trying to find people homes, and while it seems like this would be boom times for people in real estate, they too have concerns about the market. This triad is struggling to help their clients find a nice home for a fair price, and that's not as easy as it used to be. So what can perspective home buyers expect? What are they having to deal with? And what does the housing market in the Royal City look like from the realtor side of the business? Their insights may surprise you.
So we're talking about homes, selling homes, and buying homes on this week's Guelph Politicast.
If you're interested in buying or selling a home, you can get in touch with Tyson Hinschberger 519-573-2191 or planetrealty.ca, while you can reach Kelly Caldwell and Kimberley McKee through their office at 226-314-1600 or at trilliumwest.com.
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Hey Adam,
ReplyDeleteReally enjoyed this podcast. Having moved to Guelph in 2016 (relocating from the GTA) this was something that directly affects me. Only suggestion is that it would have been interesting to hear from a buyer/potential buyer as well, not just the Realtors. Would be interesting to hear a first time buyers experiences in this crazy market (good or bad).
Keep up the great work!