Guelph Condo Market Update – June 2026
After an encouraging May that hinted at a possible turnaround, June brought the Guelph condo market back to reality. Sales dropped sharply, inventory remained elevated, and condos took longer to sell, highlighting that buyers continue to hold the advantage.
The average condominium sold for $533,274 in June, a 7.8% decrease compared to June 2025. While lower prices are improving affordability for buyers, they also reflect softer demand across the market.
The most concerning statistic was sales activity. Only 33 condominiums changed hands during the month, representing a 36% decline compared to last year and a 40% drop from May. After the optimism generated by May’s numbers, June was undoubtedly disappointing.
Guelph Condo Market Update: Key Trends and Insights
The Guelph condo market finished June with 322 active listings, representing approximately 9.7 months of inventory at the current rate of sales.
Anything above six months of inventory is generally considered a buyer’s market, so today’s conditions continue to provide purchasers with plenty of choice and increased negotiating power.
Condos are also taking longer to sell. The average property remained on the market for 47 days, an increase of 36% compared to last year and 27% longer than May. Sellers still achieved an average of 98.3% of their asking price, demonstrating that well-priced, well-presented units continue to attract buyers, even if it takes longer to find the right one.
What Does This Mean for Buyers?
For buyers, today’s market offers opportunities that have been rare over the past several years.
Inventory levels are healthy, competition is lower, and there is generally more time to compare buildings, review status certificates, negotiate conditions, and secure favourable pricing. Lower average sale prices have also improved affordability for first-time buyers, downsizers, and investors looking to enter the Guelph condo market.
What Does This Mean for Sellers?
Selling a condo in today’s market requires patience and a well-executed strategy.
With buyers having nearly ten months of inventory to choose from, pricing accurately from day one is more important than ever. Units that are professionally marketed, properly staged, and priced in line with current market conditions continue to sell, while overpriced listings often remain on the market longer before requiring price adjustments.
The market is rewarding value rather than optimism.
Looking Ahead
While June’s numbers were disappointing after May’s encouraging performance, one month does not define the direction of the market.
Interest rates, consumer confidence, and affordability will continue to influence buyer activity throughout the remainder of the year. If borrowing costs remain stable and confidence improves, condo sales could recover. Until then, buyers are likely to remain selective, and sellers should expect a more competitive environment.
June 2026 Condo Market at a Glance
- Average Sale Price: $533,274 (↓7.8% year over year)
- Condo Sales: 33 (↓36% year over year, ↓40% from May)
- Sale-to-List Price Ratio: 98.3%
- Average Days on Market: 47 (↑36% year over year, ↑27% from May)
- Active Listings: 322
- Months of Inventory: 9.7
The Guelph condo market continues to favour buyers, but opportunities exist for both buyers and sellers who understand today’s conditions. As always, every building is different, and factors such as location, condo fees, amenities, and unit condition can have a significant impact on value and demand. Whether you’re buying your first condo, investing, or preparing to sell, a strategy tailored to the current market is the key to success.
