Guelph real Estate: Why Working With the Right Realtor is More Important Than Ever

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

Local realtor, Hudson Smith explains why representation matters, especially in a hot seller’s market
You’re about to list your house for sale in Guelph’s hot real estate market. The question you’re pondering is, “Why do I need to use a realtor in Guelph when I know my house is going to sell?’
 

You wouldn’t be the first person who felt they didn’t have to use the services of a professional realtor to list their home in a seller’s market. However, if your goal is to maximize the sale price of your property, working with the right realtor is still your best strategy.

“Working with the right realtor could be more important than ever because the needle can be moved that much more,” said Hudson Smith of the Hudson Smith Real Estate Group. “Think about a tough market. You need the right realtor because the goal is just to sell. That’s going to happen anyway. In a strong market, the question is who can create the best selling atmosphere so the price gets pushed to its highest point. That way, a seller has no doubt they’ve reached their highest point of value in a way that brings the least amount of stress to their life.”

Despite the uncertainty that COVID-19 has brought to almost every industry, the real estate market in Guelph has remained hot. There are multiple reasons for that according to Smith.

“I think we’ve always had a great location, but for years it seemed like we flew under the radar,” he said. “Then in 2016 and 2017, it seemed like the secret was out. Not only were we an affordable option for buyers looking west of Milton, but people started to realize it’s also a wonderful place to live. It’s a university town, it’s a great distance to cottage country, to the U.S., and to the GTA. Guelph has the right feel and the right location. Once the secret was out it had a compounding effect.”

Visit the Hudson Smith blog for current insights on Guelph real estate

One of the primary effects has been an influx of buyers from the GTA, which has helped to drive the market and escalate sale prices. Smith says those conditions make it critical for sellers to work with the right realtor.


So how do you determine who the right realtor is given the highly competitive nature of the real estate sales industry?


“It’s a delicate balance,” said Smith. “You want someone that’s busy but not spread thin. You want someone that has name recognition, you see them around, but it’s not just based on perception. Referrals are an excellent place to start. Who can you talk to that can give you honest feedback about their working experience with that realtor? Not just, ‘hey it went well, we think we got good results.’ If you’re hearing glowing reviews of a realtor and the value they brought to the process, you’ll be able to identify that when you’re talking to people who have used them.”


Given the new realities of life in a pandemic, using a professional realtor is also a way to ensure the necessary precautions are being taken to ensure the safety of buyers and sellers according to Smith.


“An extra requirement to expect from your realtor is to make sure they’re making a conscious effort to stay safe. That means making sure sellers have a safe atmosphere when they come home, and that buyers have a safe atmosphere when they come in. Whether the market’s good or bad, the person that you choose to represent you in the sale of what might be the most expensive thing you own, has to bring value.”



February 19, 2025
Guelph is a fantastic place to enjoy outdoor winter activities, and tobogganing is one of the best ways to embrace the snowy season. Whether you’re looking for a gentle slope for the kids or a thrilling ride down a steep hill, Guelph has plenty of great options. Here are some of the top spots for tobogganing in the area:  1. Exhibition Park One of the most popular tobogganing spots in Guelph, Exhibition Park offers a great hill with a moderate incline, making it ideal for families and younger children. The park is centrally located and has plenty of space for winter fun. 2. Mollison Park Located in the city’s west end, Mollison Park features a well-known sledding hill that offers a good mix of fun and safety. The hill isn’t too steep, making it a great choice for all ages. 3. Kortright Hills Park For those looking for a longer ride, Kortright Hills Park has a fantastic slope that provides a smooth and enjoyable run. The park’s natural setting makes it a beautiful spot for winter recreation. 4. MacAlister Park Another family-friendly location, MacAlister Park has a gentle slope perfect for younger children who are just learning to enjoy the thrill of tobogganing. It’s a quieter location, making it a great place for a relaxed outing. 5. Riverside Park This popular Guelph park has a designated tobogganing area that attracts sledders from all over the city. The varied terrain provides options for both beginner and more experienced riders, making it a great all-around choice. Safety Tips for Tobogganing Always wear a helmet, especially for young children. Ensure the hill is free of obstacles, such as trees and rocks. Sled during daylight hours or in well-lit areas. Dress warmly and wear appropriate winter gear. Supervise children at all times for a safe and fun experience. These top tobogganing spots in Guelph offer a range of experiences for sledders of all ages. So grab your sled, bundle up, and enjoy the winter season in one of Guelph’s best tobogganing locations!
February 19, 2025
With discussions surrounding potential tariffs on Canadian imports, stakeholders in Guelph’s real estate market are evaluating the possible consequences. If implemented, these tariffs could significantly affect housing costs, development projects, and market dynamics in Guelph and the surrounding areas. Possible Increase in Construction Costs One of the most immediate impacts of tariffs would be rising costs for construction materials such as lumber, steel, and aluminum. Since a large portion of these materials is imported from the U.S., tariffs could lead to price hikes, ultimately increasing the cost of building new homes. If material prices rise, builders may pass those costs onto buyers, potentially adding thousands of dollars to home prices. Industry experts predict that if tariffs are introduced, the additional cost per single-family home could range from $10,000 to $25,000. Potential for Higher Mortgage Rates Economic uncertainty caused by tariffs could influence the Bank of Canada’s interest rate policies. If inflation rises due to increased costs on imported goods, the central bank may opt to raise interest rates to curb inflation. Higher interest rates would directly affect mortgage rates, making borrowing more expensive for homebuyers in Guelph. With rising mortgage costs, buyer affordability could take a hit, leading to reduced demand and a slower real estate market. Those looking to purchase a home may need to reconsider their budgets or lock in rates before any potential hikes occur. Possible Slowdown in New Developments Developers in Guelph may hesitate to launch new housing projects if tariffs increase construction costs. A more expensive development process could lead to project delays or cancellations, tightening housing supply in an already competitive market. If fewer homes are built, demand for existing properties could rise, potentially driving up home prices. This would further strain affordability for first-time homebuyers and those looking to enter the market. Housing Market Uncertainty Even before any tariffs are imposed, the uncertainty surrounding trade policies can impact market confidence. Buyers and investors may adopt a wait-and-see approach, slowing down transactions and cooling off market activity. Conversely, if there is speculation that tariffs will push prices higher in the future, some buyers may rush to secure homes before the impact takes effect. This could create short-term market volatility, with a potential surge in demand followed by a slowdown. How Buyers, Sellers, and Developers Can Prepare Homebuyers : Consider securing mortgage pre-approvals early to lock in favorable interest rates before any potential hikes. If tariffs are implemented, it could make homeownership more expensive in the long run. Sellers : Monitor market trends closely. If tariffs lead to increased costs and reduced affordability, selling sooner rather than later might be advantageous. Developers : Explore cost-efficient alternatives for sourcing materials and streamline construction processes to mitigate potential price increases.  Conclusion While tariffs have not yet been imposed, their potential implementation could bring significant changes to Guelph’s real estate landscape. Rising construction costs, potential mortgage rate hikes, and a slowdown in new developments could all impact affordability and market stability. Buyers, sellers, and industry professionals should stay informed and prepared to adapt to possible changes in the housing market.
By Hudson Smith December 18, 2024
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