Guelph Condo Market Update.
Based on March sales data, the Canadian Real Estate Association released a revised 2026 outlook and it points to a slower-than-expected spring market. National home sales are now forecast to rise just 1% this year, a notable drop from the earlier 5.1% projection. Prices are also expected to see modest growth of about 1.5%, with the average home price reaching $688,955 — roughly $10,000 lower than previously forecast. March activity reflected this shift. Robert Hogue of RBC noted it was the slowest start to the spring market in 17 years.
The condo market in Guelph continued to favour buyers in April as inventory levels remain elevated and price pressure persists. The average condo sale price in April was $516,634, down 16% compared to the same time last year. Sales activity also slowed, with 44 units sold — a 13% year-over-year decrease. Properties are taking slightly longer to sell as well, with the average time on market rising to 43 days, up 10% from last year.
One of the clearest signs of changing market conditions is the sharp increase in terminated listings, which jumped 108% year over year to 71 properties. This suggests many sellers are still adjusting to today’s more price-sensitive market. Active condo listings climbed to 305 units, representing approximately seven months of inventory — firmly placing the condo segment in balanced-to-buyers’ market territory.
For buyers, there is more selection and negotiating power than we’ve seen in several years. For sellers, accurate pricing and strong presentation are becoming increasingly important as competition continues to grow.
