If you’ve been thinking about selling your detached home and downsizing into something simpler, like a turnkey, low-maintenance condo, this might be the best opportunity we’ve seen in years!
There’s a unique shift happening in the market right now, and if you’re planning to downsize, it’s worth paying attention. Let’s break down why.
Do you want a seamless and straightforward home buying process? One of our detailed buying guides will help!
A Rare Gap Between the Detached and Condo Markets
Right now in Guelph, we’re seeing a bit of a disconnect between the detached home market and the condo market. That creates a window of opportunity for downsizers.
- Detached homes have about 2.6 months of inventory, which puts us in a balanced market—especially if you’re priced under $1,000,000. Homes in that range are still moving well.
- Condos, on the other hand, have over 5 months of inventory, which puts that segment into buyer’s market territory.
What does that mean for you?
It means you can sell your home at a fair market value and buy your next place with more selection, more negotiating power, and better prices.
That kind of trade-up doesn’t happen often.
Why choose to buy your new condo in Guelph? The posts below might convince you:
Why Condo Prices Have Dropped—And Why That Won’t Last
During the 2020–2021 real estate boom, we saw a lot of new condo developments get built across Guelph and the GTA. Now, there’s an oversupply of listings—and that’s pushed prices down more than we’ve seen in the freehold market.
But here’s the thing: it’s temporary.
There are very few new condo projects on the horizon, especially in the luxury space. When interest rates start to drop and buyers come back into the market, we’re going to feel that inventory shortage quickly—and prices will start to climb again.
It’s also important to separate what’s happening in Guelph from what’s happening in Toronto. A lot of the negative headlines you’re seeing are focused on investor-grade, cookie-cutter condos in overbuilt parts of the city. That’s not what we’re talking about here.
Luxury condos in Guelph are a different story.
They’re aimed at end-users—people who want comfort, quality, and a home they’ll actually enjoy living in. And when the demand from downsizers increases (which it will), the limited supply in this segment is going to drive prices up again.
Don’t Wait Until It Becomes Urgent
Beyond the numbers, there’s also the human side of downsizing—and it’s worth talking about.
We’ve helped a lot of clients make this transition, and the thing we hear most often is:
“I wish I had done this sooner.”
When you move early—before you’re forced to—it’s a totally different experience. You get to take your time, make thoughtful decisions, and choose the space that truly fits your lifestyle.
You’re not rushing. You’re in control.
Looking for more tips when buying a condo? You’ll find plenty in the posts below:
- Home Buying Myths Busted: What Really Saves You Money
- 7 Things to Know Before You Buy a Condo
- What Are the Top Condo Buildings in Guelph For Seniors?
Featured Listing: 1010–1880 Gordon Street
If you’re looking for a beautiful, move-in-ready condo that doesn’t compromise on quality, check out 1010–1880 Gordon Street.
This 1-bedroom + den suite offers a bright, open living space with:
- Expansive windows
- High-end finishes throughout
- Gorgeous treetop and city views
But what really makes it special is the lifestyle. Gordon Square is one of the most sought-after condo buildings in Guelph, offering:
- A full fitness centre
- Golf simulator
- Guest suite for visitors
- An incredible sky lounge with kitchen, pool table, and social space
You get all the benefits of downsizing, without giving up comfort or community.
Click here to see more condos for sale in Guelph.
Final Thoughts
If you’ve been on the fence about downsizing, this is a smart time to make a move.
✔️ Detached homes are holding steady
✔️ Condos are well-priced with more inventory
✔️ Interest rates could drop in the near future
✔️ And high-quality condo supply is limited
Whether you’re downsizing now or just starting to plan for the future, we’re here to help you explore your options—and make the move on your terms.
Curious about what your home could sell for—or want to tour 1010–1880 Gordon Street? Connect with our top Guelph real estate agents today at info@gowylde.ca or call 519-826-7109 for more information.
