Guelph Market Update for February 2025

Below, you will find a Guelph Market Update for February 2025, which will provide you with information on the local real estate market and recent sales activity in specific Guelph neighbourhoods. Don’t hesitate to contact us if you have any questions or if you are ready to move forward with the next step.

Guelph Market Update for January 2025

The Numbers

If you’ve been feeling like the real estate market is in a bit of a freeze, you’re not wrong. The numbers in Guelph tell the story—January year-over-year sales are down 32%, listings have dropped 12%, and the average price has slipped 2%. While the recent interest rate cut may help, bigger forces were at play in January.

The threat of a 25% tariff from Trump and Canada’s promise to retaliate created a wave of uncertainty—hitting Guelph particularly hard because of its automotive and agricultural industries. Rising costs, job losses, and companies pulling back on expansion had a direct impact on buyer confidence. Now, with the tariff paused for 30 days, there’s hope for more stability, but the market is still feeling the aftershocks.

We saw this hesitation reflected in detached home prices, which are down nearly 4% year over year to $875,000, as move-up buyers take a wait-and-see approach. Condos have taken the biggest hit, dropping nearly 17%—there’s simply too much supply, and both buyers and investors are steering clear of condo fees. The one bright spot? Townhouses, up almost 6%, driven by strong demand from investors and university parents.

If you’re a seller of a townhouse or a home near U of G, February through early March is a prime time to list.

If you’re a first-time buyer with job stability, this could be your moment—prices and interest rates are down, there’s a choice on the market, and prices are expected to climb this year.

A slower market can be advantageous for those looking to upsize, but strategy is key to getting the best price. I suggest making sure your home is prepped properly, priced right, and marketed aggressively. You are better off selling first before buying.

Questions? Reach out directly!