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

Downsizing This Summer? Here’s What to Look for in a Community-Oriented Neighbourhood

June 11, 2025
If you’ve been thinking about downsizing, summer is the perfect season to make a move. The warm weather makes exploring new neighbourhoods easier, real estate activity is high, and it’s the ideal time to settle into a new home and community before the fall. But downsizing isn’t just about square footage, it’s about lifestyle. Choosing the right neighbourhood can make all the difference in how you enjoy this next chapter. Whether you’re retiring, becoming an empty nester, or just looking to simplify, here’s what to look for in a community-oriented neighbourhood and some of Guelph’s best spots to find it.

The Best Local Coffee Shops in Guelph (with patios)!

May 26, 2025
Guelph is full of cozy cafés and vibrant coffee spots—but when the weather warms up, there's nothing better than taking your latte outdoors. Whether you’re setting up shop for a remote workday or meeting us to chat real estate, these local cafés offer the perfect mix of great coffee, welcoming atmosphere, and (yes!) patio seating. 1. Red Brick Café 📍 8 Douglas St Red Brick’s downtown patio is tucked just off the main street, making it a peaceful spot despite its central location. Grab a spot under the shade and enjoy a treat, the Red Brick Cafe offers specialty coffee, delicious food, craft beer and a warm atmosphere. 2. Planet Bean Coffee 📍 2 Wyndham St N, 740 York Rd, 333 Grange Rd Planet Bean is a Guelph classic—and each location has its own vibe. The downtown shop offers sidewalk seating right in the heart of the city, perfect for people-watching between emails. Meanwhile, the York and Grange locations both offer quieter patios surrounded by greenery. 3. Capistrano Bistro & Espresso Bar 📍 146 Wyndham St N Not only is the inside of Capistrano beautifully styled, but their patio is also one of the more elegant options in town. With umbrellas, bistro tables, and a quiet street feel, it's a great spot to enjoy your afternoon. 4. Balzac’s Coffee Roasters 📍 5 Gordon St, Guelph, ON A beautifully designed café right in the downtown. Balzac’s brings Toronto café vibes to Guelph. With high ceilings, big windows, and well-brewed classics, it has a charming outdoor seating area, perfect for enjoying your coffee al fresco during warmer months. The patio provides a pleasant setting for informal meetings or a peaceful work session amidst the downtown buzz. 5. Double Rainbow Café 📍 60 Ontario St, Guelph, ON Nestled in the heart of The Ward, Double Rainbow Café offers more than just exceptional coffee and tea. It's a space where art, community, and inclusivity converge. The café boasts a selection of specialty drinks, including lavender and cardamom lattes, alongside a variety of teas and baked goods. Coffee + Conversation = Our Kind of Combo Whether you're planning your next move or just looking for a cozy corner to get work done, these local cafés offer more than just caffeine—they’re community hubs, meeting places, and inspiring spaces to connect. Need a recommendation—or want to meet for a coffee and real estate chat? Reach out to the Hudson Smith Real Estate Group and let’s make it happen.

5 Reasons to Make a Move to Rockwood, ON

May 9, 2025
Rockwood, Ontario, is a hidden gem nestled in Wellington County, offering a harmonious blend of natural beauty, community spirit, and convenient amenities. Whether you're seeking a peaceful retreat or a vibrant community to call home, here are the top five reasons why Rockwood should be on your radar: 1. Natural Beauty at Rockwood Conservation Area At the heart of Rockwood lies the breathtaking Rockwood Conservation Area, renowned for its limestone cliffs, caves, and glacial potholes. This natural haven offers a plethora of outdoor activities, including hiking, canoeing, and camping, making it a paradise for nature enthusiasts. 2. Active Lifestyle Opportunities For those seeking an active lifestyle, Rockwood doesn't disappoint. The town offers various recreational activities, including hiking trails, canoeing on the Eramosa River, and exploring the unique geological features of the area. The Rockmosa Older Adults Centre provides access to drop-in activities, social events, and fitness programs, ensuring residents have ample opportunities to stay active and engaged. 3. Vibrant Local Amenities and Events Despite its small-town charm, Rockwood offers a variety of amenities. The Rockmosa Community Centre is a hub for recreational activities, featuring sports fields, a splash pad, and a library. The town also hosts events like the Rockwood Farmers' Market, fostering community engagement and supporting local businesses. 4. Convenient Location Despite its small-town charm, Rockwood offers easy access to larger urban centers. It's situated less than 40 minutes from Milton and Mississauga, making it a convenient location for commuters. Additionally, the town features nice restaurants, quaint stores, and delicious bakeries, providing residents with local amenities and dining options. 5. Rich History and Culture Rockwood's history dates back to the early 19th century, with the Eramosa River playing a central role in its development. The town's historical sites, such as the ruins of the Harris & Co. Rockwood Woolen Mill, offer a glimpse into its industrial past. This rich heritage adds depth and character to the community. Rockwood combines natural beauty, a strong sense of community, convenient location, rich history, and active lifestyle opportunities, making it an attractive destination for individuals and families alike. If you're looking for a place that offers both tranquility and engagement, Rockwood might just be the perfect fit for you. If you're thinking about making a move, our team would love to help you discover all that Rockwood has to offer. From market insights to private showings, we’re here to guide you every step of the way. Let’s find your next home — in a place that truly feels like one.
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