Guelph is a small southwestern Ontario town roughly an hour west of Toronto, but don’t let its small size fool you. Guelph, along with the rest of the area, including Kitchener and Waterloo, is growing fast. One big reason why many people flock to homes and condo units in Guelph City is due to its very low unemployment rate. In January of 2019, it was 1.9 (compared to 5.8 nationally), being highly driven by the strong manufacturing industry. Guelph also has a very low crime rate, ranking near the bottom for all of Canada.
With safety and employment on a strong foundation, Guelph is a great place to live. Real estate developers have taken notice and started building condos in Guelph. And with the relatively inexpensive land prices and demand for condo lifestyle living, new condo growth in Guelph City is on the rise. Speaking of new condos, Guelph has 27 different condo complexes that are planned or are currently under new construction. Soon there will be more new condo units for sale. All that for a city population around 130,000, which will bring it closer to 160,000 in 2022. One can understand why there is a big fuss about all the condo growth and real estate property developments in Guelph.
Some Guelph projects that are worth mentioning are The Studio at The Metalworks by Fusion Homes. The property was completed in 2019 and is highly regarded for its design and proximity to downtown. While not much is known about Alice Block condos on Huron Street, it’s one of the Guelph condos that are shaping up its units to be a highly desirable property. It looks like the Guelph condo complex is going to be a hard loft style build with beautiful floor to ceiling windows with tall ceilings. We are in constant contact with the developer Momentum Developments, awaiting any new information that they are willing to release about the sale of units in Guelph.
Momentum Developments is a local property developer in Ontario. With a good reputation when it comes to quality, this real estate developer is highly recommended for homes and condos in the Guelph location.
Just south of the downtown area, at the core of Guelph, lies the University of Guelph. The university has a great reputation of excellence, which is why in 2018 it ranked 4 on best Universities by Maclean’s magazine. The Guelph institute mainly focuses on engineering, health, social sciences and natural sciences. People view the University of Guelph as a major contributor to the Ontario economy and an important social contributor to the Guelph city.
Throughout the year Guelph is home to different festivals and events. The most known are Guelph Film Festival, Guelph and District Multicultural Festival and the Guelph Jazz Festival. In addition these events, there are tickets to the semi-pro hockey team, the Guelph Storm. The teams play out of the Sleeman Centre, a modern facility location used throughout the year for all sorts of Guelph events and concerts. So if you’re looking for homes or units for sale in the city, you’ll be able to view these Ontario happenings.
Travel time in Guelph City depends on traffic, but the best way to get to Toronto is by the 401. Hamilton is about 40 minutes away if you take highway 6 and Niagara Falls is about 1 one hour away via the QEW. In Guelph, you’re never too far away from the major cities in Southern Ontario. You can also visit the most romantic cities in Niagara and spend the day at falls or an evening at a casino in the city. You can catch a Maple Leafs or Raptors game, spend the day at Wonderland or just venture up and down Queen Street.
However, things in Guelph are set to change in the future. Current plans include the construction of a new high-speed rail system that will start in downtown Toronto. Most likely at Union station and travel through Guelph, Kitchen, Milton all the way through southern Ontario to Windsor. While exact travel times have not been announced, our view is that it should be significantly faster than a vehicle. This new transportation project in the city is set to start soon and with a price tag in the billions, it will forever change how people view Guelph and southern Ontario. This, coupled with the change in work-from-home philosophy that companies will adopt in the post Covid world, will increase the demand for areas like Guelph. The increase in property values will continue over the next few years, and our view is that new property projects, units, and homes will be up for sale in the Guelph location.
Aside from new condos, Guelph offers tons of nature and outdoors. Guelph is relatively untouched, with the surrounding areas being covered in trees, unique geological features like bluffs and extensive caves. The Rockwood Conservation in Guelph has over a 100 different campsites offering an extensive array of fishing, canoeing, swimming and hiking. The outdoor options seem endless, so homes and condo units in Guelph give you pieces of nature.
Guelph City has some great options when it comes to food, and many are near condos and homes so you don’t have to search far to find new places to dine in the city. Some of the best in Guelph are Elizabeth Street Eatery, Pressed For Time Paninis, Bin 23 Restaurant, Na Ha Thai’s Kitchen. All of these places scored 4.5 stars on Google. However, our favourite place in Guelph is definitely La Cucina – a cozy little place that focuses on elegant fine Italian. Majority of restaurants in Guelph are found along Gordon Street. Just jump in the car and drive along it, you’ll definitely come across something that piques your interest.
Just along the Eramosa River (which runs right through the middle of the city) lies the Old Quebec Street Shoppes. A unique Guelph City shopping centre with a rustic feel and charm unlike anything else in Ontario. The majority of the Guelph shops are smaller boutique shops like Guelph Artisans, Reids Chocolate Candy & Nut Shop and The Dragon. Part of the complex is also dedicated to offices and medical facilities in Guelph. Even if shopping and sale events is not your thing, the unique architecture and history is something to be seen.
When you view the prices of a new condo, home or property in Guelph, it’s less expensive than other areas in Ontario. On average, all home types for sale in Guelph, including condos, are selling for the price of $553,100. It’s worth noting that this price is up 6.9% compared to the previous year, and the price will just keep rising. As for the rental rate, Guelph City offers an average price of $1,500. Property vacancy rate is also pretty strong at 1.1%. That said, the sale price of a Guelph property may be expensive but it’s lower than units in other Ontario areas.
Guelph has a small town feel with a lot of the amenities of a larger city. Over the next few years, the Guelph real estate market is set to grow and become one of the must-live places if you are looking for something quieter than the big city. Whether you’re on the search for a single family home property or a condo, you’re sure to view new listings in Guelph, Canada.