“Strong economic growth from manufacturing and agriculture helped keep the housing resale and rental markets strong,” MoneySense editors concluded. “And the red-hot Toronto market is convincing some buyers to relocate and make the commute to work.”
Each year, MoneySense—a personal finance publication—uses data to capture the hottest real estate markets in the country with the most potential to continue to rise.
“We’ve certainly seen a rise in the residential real estate market here in Guelph and with that, a booming interest has also come from businesses looking to establish themselves in a thriving community with a good labour force, strong culture and prominent educational resources,” said Barbara Maly, manager of Economic Development for the City of Guelph.
Where to Buy Now covers Canada’s 30 major cities and judges hundreds of real estate markets at the local neighbourhood level in nine of the country’s largest urban centres.
Würth Canada recently moved its Canadian head office from Mississauga to Guelph’s Hanlon Creek Business Park to take advantage of competitively priced shovel-ready land and convenient access to transportation corridors. “Although our new location in Guelph is within commuting distance of our previous office, many of our employees chose to move their families to Guelph because of its reputation as a great place to live. The City of Guelph did a fantastic job in helping our employees and their families transition to their new home,” said Ernie Sweeney, president and CEO, Würth Canada.
The MoneySense Where to Buy Now ranking is based on proprietary metrics that take into account the following key factors:
- momentum in recent real estate transactions;
- real estate value relative to nearby cities or districts;
- health of the local economy;
- price level of local rental markets; and
- a survey of real estate agent experts on markets.
- Read the article at MoneySense.ca
- View MoneySense’s gallery of the 35 best cities in which to buy real estate
Barbara Maly, Manager, Economic Development
City of Guelph
519-822-1260 extension 2822