Guelph Housing Market Update - May and June 2025

The Guelph real estate market showed signs of cautious activity in May and June, as affordability slowly improves across the country. According to RBC Economics, lower interest rates and modest price easing have helped bring Canada's national affordability measure down to 55.1% in Q1 2025 — an improvement from 60.7% a year earlier. However, the path back to pre-pandemic affordability remains long, and buying conditions are still challenging in many cities, including Guelph.

In June 2025, 126 homes were sold in Guelph — a 3.08% dip from May. The average sale price rose slightly to $920,496, up 1.5% month-over-month, but still down 1.92% compared to June 2024. Segment trends were mixed:

Detached homes: $958,189 (+3.00% MoM / -1.53% YoY)

Townhouses/Row Units: $757,250 (-1.75% MoM / -2.67% YoY)

Apartments/Condos: $535,104 (+4.88% MoM / -8.51% YoY)

The average days on market increased to 24, suggesting buyers remain selective. Meanwhile, sellers received 98% of their list price on average, reflecting a more balanced but price-sensitive environment.

As interest rate cuts continue to lower ownership costs and buyer confidence potentially grows with broader economic stability, Guelph could see more meaningful engagement later in the year. For now, activity is steady but tempered by ongoing affordability challenges.