Guelph is located just about 100 kilometers west of Toronto outside the Greater Toronto Area and makes for an ideal place to live owing to its several convenient services. While the existing amenities are already comparable to those that are found in large cities, Guelph looks to become even better with ambitious plans to far-reaching ramifications. Founded in the 1820s, Guelph along with many of its Victorian buildings have developed into a bustling and vibrant cityscape. At its downtown core, Guelph is fitted with several retail outlets and services anchored by the Old Quebec Street Shoppes along with a 200-year-old shop-lined street that had been enclosed and converted into a shopping mall in the 1980s. Downtown Guelph is served well by city amenities which include the Sleeman Centre, which is a 4,174-seat multi-purpose $21 million premier sports and entertainment facility that hosts the OHL Guelph Storm along with the Guelph Concert Theatre, which is the region’s largest concert and event venue that has hosted acts like the Billy Talen, Kim Mitchell and The Weeknd. The city also continues to improve as it plans to unveil new local municipal facilities along the way. The South End Community is one of the upcoming 160,000-square-foot community centres that will feature twin ice arenas, an aquatic complex, double gym, multi-use program and a meeting space. On the other hand, the Guelph General Hospital is also expected to expand health care services with a future 4,100-square-foot expansion. As its top educational facility, the University of Guelph continues to be an important institution for the city that may also serve as a potentially lucrative real estate investment. With over 27000 students getting enrolled every year, the vicinity around this popular university has the potential to serve as a good place for an off-campus student residence. As well-developed as its urban amenities have become, the city retains a strong link with its natural element. The Speed River flows past Guelph’s downtown core, providing the city with picturesque riverside trails. Not only that, the formation of Guelph Lake to the city’s north by Eramosa has since become the Guelph Lake Conservation Area, ensuring future generations will continue to enjoy Guelph’s excellent forested woodlands. With an average household income of $98,572, Guelph is considered an affluent city with a high value of living that has traditionally been a safe city to live in. One of the most anticipated projects in the pipeline for Guelph is the redevelopment of its Baker District. Located along Baker Street between Woolwich Street and Quebec Street, this new development spreads over 500,000 square foot and will integrate residential with commercial as well as institutional space to create a vibrant, walkable community. Anchored by the new main branch of the city’s public library, this ambitious new project is expected to provide living space for 500 residents and create 190 permanent jobs, that will help in rejuvenating a part of downtown that plans to increase by 1,000 new residents over the next five years. The average resale price for all types of houses in Guelph, including condos was $553,100 for 2019 which was an increase of 6.9 percent compared to the previous year. The average rental rate currently stands at $1500. The vacancy rate is still low at 1.1 percent currently, thereby making the demand for housing strong here.
List of New Condos in Guelph
Why invest in Guelph real estate?
With the current rate of influx of residents and the redevelopment taking place, Guelph is expected to reach a population of 170,000 by 2030 and 191,000 by 2041. With new home development comprising medium as well as high-density units expected to account for 50 percent of all new construction by 2041, condominium development is prominently featured in Guelph’s future. Even as the city continues to rate as one of Ontario’s lowest vacancies for rental properties, the true reason for investing in Guelph real estate is due to the city’s promising economic future. Endowed with a robust mid-sized economy, Guelph has been named as a leading city for job growth and low unemployment in 2018, boasting a 3.6 GDP growth rate that ranks highest among Canadian cities. Owing to its diverse economy as well as its prime location in the Greater Golden Horseshoe region, Guelph continues to boom. Much of the economic prosperity driving “The Royal City” comes from the sustained growth of its strong manufacturing sector, averaging annual increases of 5.9 percent over the past five years. This positive growth can be clearly seen in the city’s most significant auto parts maker, Linamar, that looks to create 1,500 new local jobs with a 2018 government fund which is worth $99 million. Guelph was named MoneySense’s top Canadian city to purchase real estate after Windsor in 2019. This city also possesses the distinction of being named one of the personal finance publication’s best places to live. It previously earned a prestigious top-ten ranking and still remains well represented on the perennial list, ranking 128th in 2018 for its low taxes, quick commuting times, and great health care and amenities.
Guelph is served by its own bus transit system and features an extensive network of arterial roads, making it a convenient city for travelling around. The main transport hub in the city is the Guelph Central Station, which is an intermodal transit hub that serves around 5000 bus commuters regularly. Commuters can catch local connections for GO buses and trains out here as well as VIA Rail, Guelph Transit and Greyhound which allows trips throughout the city and beyond. Commuters can travel from Guelph Central Station to downtown Toronto using a GO Train in approximately 100 minutes. Cras however serve as the primary mode of transportation for most of the residents here as there are a number of options available to them. Highway 6 and Highway 401 serve as the region’s main expressways as this is a route that allows local residents to reach downtown Toronto in approximately 100 minutes. A local road infrastructure is also expected to receive a number of future upgrades which will include the widening of Highway 401 by 3 kilometers and the 2007-approved extension of Highway 7 to Guelph from Kitchener.