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 for the City of Guelph & Centre Wellington June 2024 Market.  Find the full reports here!


 

CREA 6th Edition 2024

Ottawa, ON June 17, 2024
While May was another relatively uneventful month for many Canadian housing markets with national month-over-month home sales edging slightly lower and new listings moving only a little higher, the Bank of Canada’s recent rate drop will likely lead to increased activity moving forward.

Highlights:
• National home sales edged back 0.6% month-over-month in May.
• Actual (not seasonally adjusted) monthly activity came in 5.9% below May 2023.
• The number of newly listed properties ticked up 0.5% month-over-month.
• The MLS® Home Price Index (HPI) dipped 0.2% month-over-month and was down 2.4% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 4% year-over-year decrease in May.