Many residents of the small town of Guelph in Ontario, Canada has begun to fear the “housing bubble” that may be forming in the area. In recent months, many have called upon the federal government to do something to help alleviate their housing crisis. As one realtor stated, “We are entering what looks like an economic collapse. People are getting out of there as fast as they can and many will leave for greener pastures. The prices of houses for sale guelph are at an all-time low.” Many people speculated that selling homes in Guelph would also panic sellers and cause them to immediately sell their homes for less than fair market value.
How to find Homes For Sale in Guelph
However, this is not what is happening. In fact, the number of homes for sale has been steadily on the decline over the last couple of weeks. The number of Guelph homes for sale has now dipped below the number that was sold in the midst of the current recession. This is good news for prospective home buyers. While prices for homes have certainly declined since the beginning of the year, these homes are now priced at a level that makes them affordable for most households.
With many homes selling for less than half of the original price, it is no wonder that a large number of Guelph homeowners are feeling the pressure to sell their homes. Not only is the price of homes dropping, but the average price is also on the decline. It is now common knowledge that many homes for sale are priced so low because so many home buyers cannot afford to purchase a home of their own. If you live in Guelph and are interested in buying a house that is priced below what the Guelph homes for sale usually sell for, you may want to take a look around your town and look at some homes that have just come onto the market.