Purchasing a Home in the Current Market

 The recent market slowdown has created unique opportunities for buyers. With improved conditions for negotiation, decreasing fixed mortgage rates, and the potential to leverage mortgage portability, now is an ideal time to consider
purchasing a home. Let’s explore the advantages of today’s market and how you can make the most of them.

 Purchasing a home in the current market

In September there was a lot of talk on the return of the real estate summer slowdown. I addressed the concern and panic among some sellers in my  newsletter, and how this shift is an integral part of the ever-evolving real estate landscape. This volume will focus on the advantages of being a purchaser in the current market.


Healthy Market Stability: While the market's pace may have slowed down, it’s important to recognize that this is a sign of a healthy and balanced market. Buyers now have the opportunity to conduct thorough due diligence before finalizing a property purchase. Conditions like financing, inspections, and sale of property are back in play, allowing buyers to make informed decisions.


Fixed Interest Rates: The topic of interest rates has recently experienced day-to-day fluctuations. With the Bank of Canada bond yields decreasing this week, we anticipate a continued reduction in fixed mortgage rates. It's important to note that bond yields and fixed mortgage rates have a direct connection. Meaning when bond yields lower, fixed interest rates decrease. Although lenders have begun to reduce their fixed rates, the decrease is not as significant as the fall in bond yields. Current rates for an insurable 5-year fixed are 5.75%. Lenders rates tend to take the elevator on the way up and the stairs on the way down. Overall this is excellent news for anyone with a mortgage renewal approaching in the near future.

 

Your Current Mortgage: This is a crucial topic that may determine whether now is the right time to make a move. Some mortgages are portable (check with your mortgage agent to confirm if yours is). If this is the case, you will be able to transfer the remaining balance of your mortgage to another property, while the amount above and beyond is calculated at today's rate. This might be a great time for you to make a move. Why? The majority of purchasers are qualifying their entire mortgage at today's rate. This means that your transferable mortgage enhances the overall affordability. You might be wondering, "What happens when I have to renew my mortgage?" Well, we can't predict the future, but based on reports from the Bank of Canada and major Canadian banks, both fixed and variable mortgage rates are expected to continue to decrease in the foreseeable future.


Strategies for Sellers: After considering the information above, you may be thinking this is a good opportunity. It's important to remember that homes are not selling as quickly as they once were. Now, more than ever, it's crucial to price your property correctly and market it effectively.


Correct Pricing: Analyzing recent sales and market trends to determine a competitive and realistic asking price for your property is crucial in this market. Pricing your home in line with market conditions can help attract more buyers, reduce the time to sell, and make the selling process less stressful.


Staging and Presentation: Having an agent who invests in home staging and presentation is important. A well-staged home can make a significant difference in attracting potential buyers, even in a slower market.


Effective Marketing: Ensure your property is well-marketed, both online and offline. High-quality photos, detailed listings, and targeted marketing strategies can make your home stand out and attract more showings.


Flexibility: Be open to negotiations and flexible with terms. Consider offers that may involve a slightly longer closing period or other concessions to make your property more appealing.

In conclusion, the shifts in the market have opened up many excellent opportunities for individuals and families looking to make a move. With the right strategies and guidance, both buyers and sellers can confidently navigate these changes and successfully transact in the Guelph real estate market.

Here at the Hudson Smith Real Estate Group, we are committed to providing you with the best advice and support for all your real estate needs. We understand the local market intricacies and tailor our services to your unique needs.


If you have any questions about Guelph and the surrounding market, don't hesitate to reach out. We're here to assist you at every step of the journey.

Written by: Mathew Scott, Sales Representative

Why There’s Never Been a Better Time to Buy a Condo in Guelph (Especially After That Winter!)

By Lauren Hinchliffe • March 25, 2025
Let’s face it—this past winter was one for the books. Between the endless snow, sky-high heating bills, and driveway shoveling marathons, it’s no wonder so many people are rethinking the whole “detached home” thing. Enter: the condo lifestyle. Whether you’re a first-time buyer, investor, downsizer, or just tired of winter maintenance headaches, Guelph’s condo market is having a moment—and it’s one you don’t want to miss. Why Condos Are a Smart Investment Condos have long been a solid choice for investors, but right now, they’re looking even better: Affordability: Compared to detached homes, condos offer a more accessible price point—without sacrificing location or quality of life. Rental Demand: With Guelph’s growing population and strong university presence, condos are in high demand for renters. That’s steady income for investors. Low Maintenance: No snow shoveling, no lawn care. Your time is yours—and your property is professionally managed. In a city like Guelph, where the balance of urban convenience and small-town charm draws people in from all over, condos represent an opportunity to own real estate in a desirable, growing market. What Sets Guelph Condos Apart What makes Guelph’s condo scene unique? It’s not just the buildings—it’s the lifestyle. Many of the city's newer and well-maintained condo developments are located close to parks, trails, downtown restaurants, and transit. And unlike big-city towers, Guelph condos often offer more space, quieter buildings, and a stronger sense of community. Plus, let’s talk about the amenities . Some of the standout features we’re seeing in the best condo buildings right now include: Modern fitness centres (say goodbye to that separate gym membership) Rooftop terraces with BBQs and lounge areas Party rooms and guest suites for entertaining Secure underground parking (a must after this winter!) On-site property management for peace of mind Featured Condos We Love If you’ve been on the fence, this spring is the time to explore. Here are a couple standout units we’re currently featuring: ✨ 1502-150 Wellington St. E 2 bed, 2 bath | 1,347 sq ft | $819,900 This bright and spacious corner unit has sweeping sunset views from the 15th floor, open-concept layout, and top-tier finishes. Located steps from the river and downtown—ideal for professionals or retirees looking for walkability, peace, and luxury. ✨ 806-160 Macdonell St. 2 bed, 2 bath | 1,098 sq ft | $699,900 This suite blends comfort and style with an open layout, fireplace, and private balcony with panoramic city views. Enjoy top-tier amenities and unbeatable downtown convenience—just steps from the GO Train, shops, and trails. Looking for something different? We have access to several other great units across Guelph—from trendy one-bedrooms for young professionals to larger suites perfect for downsizers who still want room to host family. The Bottom Line After the winter we just had, it’s no surprise people are looking for simplicity, convenience, and lifestyle—all things that come standard with condo living. And with Guelph’s condo market offering strong long-term value, now really is the perfect time to invest. Whether it’s your next home or your next rental property, there’s opportunity here—and we’d love to help you find it. Curious what’s available? Let’s chat or book a showing—you might be surprised at how easy condo living (and investing) can be.

Spring Cleaning Checklist: A Room-by-Room Guide to a Fresh Start

By Lauren Hinchliffe • March 14, 2025
Spring is the perfect time to refresh your home and get rid of the dust and clutter that may have built up over the winter months. A thorough spring cleaning not only makes your home sparkle but also improves air quality and creates a more peaceful living environment. To make the process easier, here’s a room-by-room checklist to help you stay organized and efficient. General Cleaning Tips for Every Room Open windows to let in fresh air. Dust from top to bottom, including ceilings, light fixtures, and baseboards. Wipe down walls, doors, and switches. Vacuum and mop floors, paying special attention to corners. Declutter and donate unused items. Living Room Dust and polish furniture. Wash or vacuum curtains and blinds. Clean light fixtures and ceiling fans. Wipe down electronics and remote controls. Shampoo or steam clean carpets and rugs. Clean under and behind furniture. Kitchen Deep clean appliances (oven, refrigerator, microwave, dishwasher). Wipe down cabinets and countertops. Discard expired pantry items. Scrub sink and faucet. Clean and organize drawers and utensil holders. Mop and sanitize floors. Bathroom Scrub and disinfect toilet, sink, and bathtub/shower. Wash or replace shower curtain and bath mats. Clean mirrors and light fixtures. Wipe down cabinets and discard expired toiletries. Scrub grout and reseal if necessary. Bedroom Wash all bedding, including pillows and comforters. Rotate and flip the mattress if applicable. Declutter closets and donate clothes you no longer wear. Dust and polish furniture. Clean under the bed and in corners. Home Office Organize paperwork and shred unnecessary documents. Dust and disinfect keyboard, mouse, and desk. Wipe down bookshelves and organize files. Clean office chair and vacuum under desk. Outdoor Spaces Sweep porches, decks, and patios. Clean outdoor furniture and cushions. Wash exterior windows and doors. Check and clean gutters if needed. Tidy up garden beds and trim overgrown plants. Spring cleaning may seem like a big task, but tackling it one room at a time makes it much more manageable. Use this checklist to stay on track and enjoy a fresh, clean home as you welcome the new season!

Top 10 Things Happening in and around Guelph During March Break 2025

March 4, 2025
March Break 2025 is just around the corner, and Guelph offers a plethora of activities to keep everyone entertained. Whether you're looking for creative workshops, or outdoor adventures, there's something for everyone. Here's a curated list of events and activities happening in and around Guelph during March Break: 1. March Break Activities at the Children's Reading Room Click to learn more! From March 12 to 14, the Children's Reading Room at 210 Silvercreek Parkway North hosts engaging activities for children. It's a fantastic opportunity for kids to indulge in reading and related crafts. 2. Hudson Smith Group Real Estate Skate Day Click to sign up! The Hudson Smith Group has rented out the entire rink at Victoria Road Recreation Centre for a March Break Skate Day! Hot drinks and goodies will be available to warm up between laps. Come join the fun and make some memories! 3. Explore Guelph's Civic Museum Click to learn more! Guelph Civic Museum offers insights into the city's rich history with interactive exhibits suitable for all ages. Over March break, experience creativity and community through hands-on play, friendly connections, and artistic exploration. 4. Alice in Bloomland at the Royal Botanical Gardens Click to learn more! Tumble down the rabbit hole into “Alice in Bloomland,” a wondrous botanical experience at Royal Botanical Gardens where reality bends and blossoms into a world of curiosity for all ages! Inspired by the pages of Lewis Carroll’s Alice’s Adventures in Wonderland, this floral showcase weaves together the magic of horticulture, the whimsy of floral design, and the marvel of visual arts to create an enchanting indoor wonderland straight out of a dream. 5. Elliott Tree Farm Maple Syrup Experience Click to learn more! Your maple experience begins with our famous pancake breakfast/brunch inside our warm Horse Barn Canteen. Follow that with a 10 – 15-minute sugarbush trail walk to enjoy the sugarbush experience. There you will visit our sugar shack, check sap buckets, and taste raw sap, partially cooked sap, maple sugar and maple toffee over snow. Our Maple sugar shack is open from 10:00 am to 2:00 pm during our experience. Return from the Sugar Bush to our Heritage Barn to visit the Maple Syrup Museum of Ontario and taste our Award-Winning Maple Syrup grades which are available for purchase along with our maple products, locally sourced gifts, hot chocolate, coffee, Canadian side bacon and maple breakfast sausage. Reservations online only. 6. Waterloo Central Railway Click to learn more! Experience a scenic winter heritage train ride! This March Break, we invite you to embark on a scenic winter heritage train ride with the whole family! Passengers of all ages will be captivated by the wide-open views of the countryside and nearby Mennonite farms as we travel through Woolwich County. 7. Cambridge Butterfly Conservatory Click to learn more! March Break 2025 – Magical Morphos Visit our tropical oasis during March Break and be dazzled by 1000’s of blue morpho butterflies! They also have EXTENDED MARCH BREAK HOURS, check the website for more details! 8. Catch a Guelph Storm Game Click to learn more! Hockey fans can cheer on the Guelph Storm during March Break at the Sleeman Centre. Experience the excitement of junior hockey and support the local team in a thrilling game. Check the Guelph Storm schedule for game dates and ticket availability. 9. Drop in at the Children's Art Factory Click to learn more! Children’s Art Factory (CAF) is a drop-in art studio geared to young children, aged walking and up. You can show up with your children to play in the morning or afternoon! We can get busy on weekends and school holidays so please arrive early on those days to avoid disappointment. 10. Cupcake Decorating with Decadently Yours Click to learn more! Tuesday, March 11th at 1:00 PM. Create sweet memories and learn how to pipe, sprinkle and decorate your very own cupcakes (4 cupcakes included)
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