Market Updates

Market Updates

Watch these great informative videos provided by Royal City Realty and CREA, and let me know if you have any questions.   
You can also find monthly market reports for Wellington County, Waterloo, Halton, and Hamilton here. 

Monthly Market Videos

A snap shot of the City of Guelph & Centre Wellington February 2023 Market.  Find the full reports here!

Royal City Realty Quarterly Market Update

CREA 2nd Edition 2023

Ottawa, ON, February 15, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a monthover-month basis in January 2023.

Highlights:
• National home sales declined 3% month-over-month in January.
• Actual (not seasonally adjusted) monthly activity came in 37.1% below January 2022.
• The number of newly listed properties rose 3.3% month-over-month.
• The MLS® Home Price Index (HPI) declined by 1.9% month-over-month and was down 12.6% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted an 18.3% decline year-over-year in January.

Home sales recorded over Canadian MLS® Systems edged back down 3% between December 2022 and January 2023, giving back all of December’s small gains and rejoining the mild downward trend observed since last summer. .