Strong Sellers Market Making Home Buying in Guelph Challenging

Please find Hudson’s article below as featured on Guelph Today!

Market conditions mean buyers need to work closely with agents.
Buying a house may be the biggest investment people make. So, is it surprising then, with the uncertainty of 2020, the global pandemic has only had a positive impact on Guelph’s real estate market – especially for sellers.
What was already a strong market in 2019 was only amplified going through 2020. If early indications stay true, it may be even stronger in 2021 according to local real estate professional, Hudson Smith.

“I think many of the reasons we thought the market would slow down are the very reasons it got stronger,” said Hudson Smith, 16 year Guelph realtor.

According to Hudson, there are three primary reasons for the ongoing strength of the real estate market in Guelph and the surrounding area.

List of Services

Although the effects of the pandemic have increased property value making it more of a seller’s market, it has created a very competitive environment for buyers The lack of supply has both buyers and real estate agents trying to make sense of where the market is headed in terms of prices. Compounding the issue in a market like Guelph is the fact more out-of-town buyers are targeting our city as the place they want to be.


“I think that Guelph was always considered an affordable option just down the highway a number of years ago,” said Hudson. “But then the secret got out that we weren’t just the next affordable city, we were an amazing community and a great place to raise your family. It seems everyone knows Guelph is just a wonderful place to live.”


Given the competitive realities of trying to buy a home in a strong seller’s market, Hudson has some advice for people hoping to buy locally or move to Guelph.


“Keep a list of your goals and try to stay objective. Too often we can get swept up in the competitiveness, and the ‘fear of missing out’ can lead to a bad decision. Think about it, in a market like this people often buy on a street that may be busier than they like, a single garage when they know they need a double or 1 less bedroom than they think they need, just because they feel the next house won’t be there. In short, they settle. Making an offer in a multiple offer scenario, the best decision you can make is on an offer where you are happy if you get the home, and happy if you lose it, too. This will always lead to good decisions that you feel secure about, and excited about moving forward.”


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