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New Condos Guelph

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Discover new condos and townhomes for sale in Guelph in 2024! Located in southwestern Ontario, Guelph blends urban opportunity with small-town charm. With a thriving job market and low unemployment, it’s the perfect time to explore pre-construction condos and townhomes. Secure your spot in this vibrant community today.

Guelph Pre-Construction Condo Market Trends 2024

  • Average price per square foot for existing and new pre-construction condos in Guelph: $775.
  • Average resale price for all existing and new homes in Guelph: $827,394, offering affordable options for first-time homebuyers.
  • Average rental rate in Guelph: $2,220.
  • Vacancy rate in Guelph: 1.3%.
  • Average days on the market for condos in Guelph: 30 days.
  • Average days on the market for detached homes in Guelph: 18 days.

Pre-Construction Condos Guelph

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Reasons to Invest in Guelph

Savvy Investment, Rewarding Lifestyle

As one of Canada’s greenest cities, Guelph presents a wise investment opportunity. With a robust and expanding job market, along with a population expected to increase significantly in the coming years, the demand for new developments in Guelph is soaring. This demand could lead to substantial property value appreciation, making your new home in Guelph a valuable investment.

Live Life Connected

Guelph boasts a convenient and well-connected transportation network. The central location puts pre-construction condos in Guelph within easy reach of major cities like Toronto and Kitchener-Waterloo via GO Transit. An extensive public bus system allows for seamless exploration within Guelph’s vibrant core, while well-maintained bike lanes encourage an eco-friendly lifestyle.

Embrace a Vibrant Community

Guelph isn’t all business and practicality. This vibrant city offers a plethora of amenities to enrich your life. From exploring the historic downtown core with its charming shops and cafes to catching a game at the Sleeman Centre, Guelph provides a perfect blend of urban excitement and natural beauty.

Guelph Rental and Seller Market 2024

Rental Market

Guelph’s rental market shows strong demand, with average rents reaching $2,220 in June 2024. This aligns with the city’s low condo vacancy rate of just 1.3%.

Seller Market

It’s a great time to invest in new homes in Guelph, with the average cost at $920,420. New condos in Guelph have also shown strong growth, averaging $673,213, a significant (20%) increase year-over-year.

Average Renting and Selling Time in Guelph

-New Condos 

Renting Time for Condos: Guelph’s condo rentals are moving fast! As of June 2024, they typically find tenants within 2-4 weeks, which is consistent with what we saw in 2023.

Selling Time for Condos: On average, Guelph condos only stay on the market for 30 days, indicating a relatively active condo market in Guelph.

-New Homes 

-Renting Time for Homes: Detached houses and townhome developments in Guelph are renting out fairly quickly, with most finding tenants within days or a few weeks.

-Selling Time for Homes: With buyers eager to secure the best new developments in Guelph, properties are selling fast in Guelph, staying just 18 days on the market.

Neighbourhoods

South Guelph

A  diverse mix of established neighbourhoods and exciting new developments in Guelph. With its proximity to green spaces, family-friendly amenities, and convenient transportation links, south Guelph provides a vibrant and welcoming atmosphere.

1. Kortright Hills

  • Highlights: a tranquil setting with lush conservation areas, trails, and parks right outside your door. Nestled by the Speed River, this family-friendly neighbourhood boasts hidden surprises like Mollison Park for movie nights under the stars. 
  • Perfect For: Houses for sale in Guelph, here, in this area, are perfect for families with children who will enjoy the open spaces, and anyone who values a close-knit community atmosphere. 

2. Clairfields

  • Highlights: A small residential neighbourhood, known for the iconic Sleeman Breweries. Residents enjoy a quiet community with Nick’s Dragonfly playground as a gathering spot. Also, Hanlon Creek Conservation Area is nearby, a haven for cyclists, runners, and dog walkers.
  • Perfect For: Nature lovers seeking easy access to green space and trails, and young professionals who look for affordable townhouses for sale in Guelph.

3. Westminster Woods

  • Highlights: This neighbourhood offers a vibrant lifestyle with a selection of Guelph condos for sale. The area is focused on walkability, modern amenities, and easy access to everything you need. 
  • Perfect For: First-time homebuyers, and active families who appreciate outdoor recreation.

North / East Guelph

This family-friendly area features established neighbourhoods like Victoria North with tree-lined streets, charming homes, and excellent schools. Green spaces provide ample opportunity for outdoor recreation.

1. Victoria North 

  • Highlights: Step back in time with heritage buildings, then unwind by the calming river. Enjoy summer festivals, a nostalgic carousel, and the iconic floral clock.
  • Perfect For: Families looking for a strong community and young professionals seeking a vibrant life.

2. Grange Hill East

  • Highlights: Easy access to Highway 7, 401, and Guelph’s bus and train stations with in-neighbourhood recreational centre for residents.
  • Perfect For: Professionals and families seeking pre-construction townhouses in Guelph with convenient access to transportation hubs for easy commutes.

Downtown Guelph

Downtown Guelph pulsates with the heart of the city. This buzzing core boasts a unique blend of history and modern energy. Picturesque Victorian architecture lines the streets, housing trendy shops, acclaimed restaurants, and bustling cafes.

1. Central Downtown

  • Highlights: Bustling cafes and unique shops create a vibrant daytime atmosphere, while trendy restaurants and jazz bars come alive at night. Open-air movie nights, live music, and historical charm add to the allure.
  • Perfect for: Young professionals and culture enthusiasts seeking a dynamic lifestyle.

2. Old University

  • Highlights: Guelph’s intellectual hub, brimming with academic spirit and youthful energy. Nestled beside the University of Guelph and the sprawling arboretum, it’s a place where generations connect. 
  • Perfect For: Students and young professionals seeking a close-to-campus home, and history buffs and nature lovers.

3. St. George’s/St. Patrick’s 

  • Highlights: A captivating blend of old and new Guelph. Majestic trees and rivers grace charming, historic homes, while trendy shops and a revitalized industrial scene add a modern touch.
  • Perfect for: Those who value community and foodies who enjoy exploring a diverse culinary scene.

West Guelph

A family-oriented haven offering a relaxed atmosphere, established homes, friendly neighbours, parks, playgrounds, and homes to several new pre-construction condos in Guelph.

1. Willow West/Sugarbush

  • Highlights: The area offers a unique blend of established charm and surprising finds. Nicknamed “Sugarbush” for its majestic maple trees, it boasts a relaxed family-friendly atmosphere with new pre-construction homes in Guelph.
  • Perfect for: Professionals and those seeking long-term value.

2. Waterloo/West Acres

  • Highlights: Waterloo/West Acres offers a relaxed family vibe with easy access to downtown Guelph. Established homes and friendly neighbours create a welcoming atmosphere with several parks and playgrounds for families.
  • Perfect for: Families, value seekers, and community-minded individuals.

Pros of Living in Guelph

  • Thriving Economy & Job Market: Guelph’s rapid growth and thriving economy make it a highly desirable destination for entrepreneurs, professionals, and families seeking long-term security and prosperity. With a strong job market and ample opportunities for career advancement, this dynamic city is truly a place where ambition and success go hand in hand.
  • Affordable Compared to Major Cities: While the prices of townhouses for sale in Guelph are on the rise, they remain significantly more affordable compared to major Canadian cities like Toronto. This allows new residents with different budgets to enjoy a high quality of life.
  • Safe & Secure Environment: Guelph consistently ranks among the safest cities in Canada. With a low crime rate and a strong sense of community, investing in old and new condos for sale in Guelph offers a comfortable and secure environment for raising a family or living independently.
  • Excellent Educational Opportunities: Guelph is home to the prestigious University of Guelph, renowned for its agriculture and veterinary programs. The city also boasts excellent public and private schools, ensuring high-quality education for all ages.
  • Vibrant Arts & Culture Scene: Guelph has a thriving arts and culture scene. The city boasts numerous art galleries, live music venues, theatres, and festivals throughout the year. Invest in Guelph condos for sale and immerse yourself in this dynamic atmosphere.

Cons of Living in Guelph

  • Winter Woes: Guelph experiences harsh winters with significant snowfall and freezing temperatures. If you’re not a fan of winter weather, be prepared to invest in warm clothing and adjust your outdoor activities during the colder months.
  • Cost of Living: While new pre-construction projects in Guelph are more affordable than in nearby Toronto, prices and rents can be higher than the national average. Be prepared for a competitive market, especially for desirable properties.

FAQs About New Condos and New Homes in Guelph

What is the average cost to buy a new home in Guelph in 2024?

Guelph’s single-family home market presents an interesting opportunity. As of June 2024, the average selling price has dipped to $920,534. Now may be the perfect time to explore investing in a new home for sale in Guelph and take advantage of this attractive pricing.

What are some of the main neighbourhoods in Guelph?

Old University, a charming historic hub with youthful energy, sits beside the top-rated Guelph University. St. George’s/St. Patrick’s offers a captivating mix of historic charm, trendy shops, and a vibrant food scene. Family-friendly Waterloo/West Acres features established homes, parks, and easy downtown access, while Grange Hill East provides convenient access to highways, a recreational center, and a peaceful atmosphere with a mix of new homes for sale.

What are some of the common on-site amenities offered by new builds in Guelph?

New condo developments in Guelph are increasingly catering to a convenient and amenity-rich lifestyle. Common on-site features include fitness centers, rooftop terraces with stunning city views, social lounges for entertaining, co-working spaces for remote work, and even pet-washing stations for your furry friends. Security features like key fob entry and video surveillance are also becoming standard, offering peace of mind for residents. The specific amenities offered will vary by development, so be sure to explore what each new pre-construction condo in Guelph has to offer!

Are condos selling in Guelph?

Yes, there is undoubtedly significant buyer interest in townhomes and new condos in Guelph. At Platinum Condo Deals, we offer a diverse selection of exciting new projects to choose from. To learn more about the specifics and VIP details of these exceptional opportunities, we encourage you to reach out to us today.

What are the pros of buying a pre-construction home in Guelph in 2024?

Investing in pre-construction homes in Guelph allows you to lock in a lower purchase price compared to future market value. With Guelph’s booming job market and limited land availability, the prices of condos and townhome developments in Guelph are anticipated to keep rising. Plus, you’ll enjoy the benefits of a brand-new home with modern features, warranties, and potentially lower maintenance costs in the initial years.

Is it a good time to sell Guelph condos?

The Sales to New Listings Ratio (SNLR) is a valuable indicator that represents the number of sales in relation to new inventory listed over a specific time frame. In Guelph, the SNLR for all property types was 66.4% during the past 30 days (May 13 – June 11), marking a noteworthy increase from the 56.1% recorded in the previous 30-day period (April 13 – May 12). With the SNLR currently above 60%, this suggests that the market is leaning in favor of sellers. As a result, the overall outlook for Guelph’s real estate market can be considered positive.

How much is the down payment for new homes in Guelph?

Down payments for new homes in Guelph vary depending on the purchase price. For condos under $500,000, you’ll need a minimum of 5%.  If the condo falls between $500,000 and $1 million, you’ll need 5% for the first half million and then 10% for the remaining amount.  For condos exceeding $1 million, the minimum jumps to 20%.  While these are the minimums, consider putting down more to avoid mortgage loan insurance and potentially secure a more favourable interest rate.

Are new condos in Guelph close to public transportation?

Pre-construction projects in Guelph are conveniently located near excellent public transportation options. The Guelph Central Station, a central hub for over 5,000 daily commuters, offers access to GO buses and trains, VIA Rail, Guelph Transit buses, and even Greyhound, allowing for easy travel throughout the city and beyond.

Are new builds in Guelph a good place for families?

New developments in Guelph can be a great place to raise a family, especially if you prioritize a community feel with easy access to amenities. Often situated in top-rated neighbourhoods, these well-planned projects feature parks, playgrounds, and schools nearby, creating an ideal environment for young families.

What are the rental rates and vacancy rates for condos in Guelph 2024?

The average condo rental price in Guelph is around $2,220. However, with a vacancy rate as low as 1.3%, finding a new condo in Guelph might be a challenge due to strong demand and potentially quicker competition for available rentals.

Is investing in new homes for sale in Guelph a smart choice?

Guelph offers a compelling case for real estate investment. The city boasts a strong job market, a vibrant arts scene, and a range of established neighbourhoods with excellent schools and family amenities. Additionally, condo prices are experiencing healthy growth, while the low vacancy rate suggests a strong rental market. With its commitment to sustainability and its growing population, Guelph offers the potential for both comfortable living and long-term investment returns.

What are the future commercial and residential developments coming to Guelph in 2024?

The Baker District Redevelopment promises a vibrant mixed-use space with shops, offices, and potentially even residential units. On the residential side, exciting projects like Northside Towns offer new opportunities for homeownership.

Does Guelph have a good selection of schools and universities?

Guelph boasts a strong educational scene with both universities and colleges. The prestigious University of Guelph, known for its focus on agriculture and veterinary medicine, sits right in the city. Additionally, a satellite campus of the University of Toronto and Conestoga College’s Guelph campus offer diverse diploma and certificate programs. This abundance of educational options makes Guelph an attractive location to invest in a pre-construction home in Guelph.

What are some resources to help me find a townhouse for sale in Guelph?

To access the latest news on pre-construction townhouses in Guelph, sign up for our newsletters to stay in the loop on the hottest new Guelph condos. The Platinum Condo Deals team is ready to answer all your questions regarding new condos for sale in Guelph and neighbouring cities. Don’t hesitate to reach out for exclusive insights and info.

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