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Top 5 ‘Off-Leash’ Dog Parks in Guelph
Unleash the Fun: Visit Guelph’s Top 5 ‘Off-Leash’ Dog Parks
Welcome to Guelph, Ontario, where the sun shines bright, and the dogs run free! Whether you're a resident or a visitor, there's no doubt that you'll want to make the most of your time in this beautiful city. And what better way to do that than by visiting one of Guelph's amazing off-leash dog parks? That's why we've put together this guide to help you sniff out the best dog parks in Guelph.
First things first, let's talk about why off-leash dog parks are so great. Not only do they provide your furry friend with a chance to stretch their legs and socialize with other dogs, but they also offer a unique opportunity for you to meet other dog owners in the area. Plus, who doesn't love watching their pup frolic around without the confines of a leash?
So, where exactly can you find these magical off-leash dog parks in Guelph? Fear not, my four-legged friends, I've got you covered. Here are some of the top off-leash dog parks in Guelph that are sure to get tails wagging:
1. Royal City Park Off-Leash Area
This park is located at 709 Woolwich St and is a favorite among locals. With plenty of space to run and play, as well as a river for your dog to take a dip in, this park is the perfect spot for a day out with your pup. With plenty of green space, trees for shade, and a nearby lake for swimming, your dog will have a blast at this park. Royal City Park is a beautiful, historic park located in the heart of Guelph. The off-leash area is located near the parking lot at the north end of the park. This park is great for dogs who love to swim, as it has a large pond for them to splash around in. There are also plenty of trails for you and your pup to explore.
2. Preservation Park Off-Leash Area
This park is located at 226 Kortright Rd W and is a bit smaller than the other two parks mentioned, but still a great option for a quick outing with your pup. The park has a fenced-in area for off-leash play and a trail for on-leash walks. Preservation Park is a hidden gem in Guelph. This park is located on the east side of the city and offers a peaceful retreat for you and your pup. The off-leash area is located near the parking lot and is surrounded by trees, providing plenty of shade on hot days. There's also a small creek running through the park, perfect for dogs who love to cool off in the water.
3. Riverside Park Off-Leash Area
Riverside Park is a popular destination for dog owners in Guelph. This beautiful park is located along the Speed River and offers a great view of the water. The off-leash area is located near the soccer fields and is surrounded by trees, providing plenty of shade on hot days. Your pup will love running and playing in this spacious, fenced-in area.
4. Hanlon Creek Park
Hanlon Creek Park is another popular dog park in Guelph. The off-leash area is located near the parking lot at the south end of the park. This park has a large open space, perfect for your dog to run around in. There's also a wooded area for your pup to explore and play in.
5. Eramosa River Park Off-Leash Dog Park
Eramosa River Park is a spacious park located on the east end of Guelph. This park has a large open space for your dog to run around in, as well as a wooded area for them to explore. There's also a river for dogs who love to swim. This park is close from the city center, and worth the visit.
So there you have it, folks. These are just a few of the amazing off-leash dog parks in Guelph that you and your furry friend can enjoy. Remember to always follow park rules, clean up after your dog, and be respectful of other park-goers. Happy dog park adventures!
Other Designated Guelph ‘Unfenced’ Leash-free areas are:
Lee Street Park
Norm Jary Park
Margaret Greene Park
Centennial Park
Crane Park
John Gamble Park (Hydro corridor)
Other Designated Guelph ‘Fenced’ Leash-free area are:
Know Before You Go: Essential City of Guelph Rules for Dog Park Visitors
1. Dogs must remain under control at all times, as defined by the City’s Animal Control Bylaw.
2. Dogs must be under supervision at all times by a keeper that is 18-years of age or older.
3. Dogs are the only animal permitted in this leash-free area. 4.Aggressive dogs, including those that have injured another person or dog, must be kept out of the leash-free area at all times. If a dog becomes aggressive towards others it must be leash immediately and removed from the site.
5. Dogs must be kept leashed until they enter the leash-free area. If the leash-free area is fenced, then the dog must remain on a leash until the gate has been securely closed.
6. Dogs must not be allowed to destroy or dig up turf, bushes or trees.
7. All dogs must wear up-to-date rabies and dog licence tags at all times.
8. Dogs wearing pinch (prong) and spike collars are not permitted in the leash-free area.
9. Stoop and scoop is mandatory. Please place dog waste in the designated waste containers.
10. Food, whether animal or human, is not permitted within the leash-free area.
11. Children younger than six must not enter the leash-free area. Users under the age of 18 must be accompanied and supervised by an adult at all times in a fenced leash-free area.
12. Dogs in heat, puppies under 12 weeks old, dogs with infectious disease and dogs that have a medical condition are not permitted.
13. Any dog that must be muzzled or leashed in accordance with a notice issued under the City of Guelph Animal Control Bylaw or the Dog Owners’ Liability Act (DOLA) or an order issued under DOLA is not permitted. Question or concerns? Call us at 519-837-2529. Use this leash-free area at your own risk. The City of Guelph accepts no liability for injuries, loss or damage claimed or suffered by any person or animal related to the access and use of this area, howsoever caused. Animal Control By-law (2016-20122)
📈 Guelph Real Estate Market Report | March 2020 | by Adam Stewart, Chestnut Park West
GUELPH, ON (April 8, 2020) –– There were 223 residential homes sold through the Multiple Listing System (MLS® System) in the City of Guelph in March, an increase of 16.1 per cent compared to the same month last year.
Total residential sales in March included 121 detached homes (up 31.5 per cent), and 37 condominium apartments (down 2.6 per cent). Sales also included 49 townhouses (down 2 per cent) and 16 semi-detached homes (up 33.3 per cent).
The Impact of COVID-19 on Real Estate Showings in Ontario
As we enter the second week of the COVID-19 state of emergency declaration, one thing rings true — we are all in this together with the focus of individuals and communities coming together to practice social distancing (physical distancing). As a result we have naturally seen showing activity fallen off from the same period in 2019 as the impact of COVID-19 continues to grow. ShowingTime has provided data that shows weekly showings through the ORTIS system.
Through mid-March, year-over-year showing activity was higher nationwide compared to 2019. The current downturn is indicative of the industry’s response to COVID-19, which is changing daily. This chart daily to reflect the most recent data on showings.
For more information on the impact of COVID-19 on real estate showings across North America, please visit: https://www.showingtime.com/impact-of-coronavirus/
While the MLS® Rules require all listings in the MLS® System to be immediately available for showings – at the moment sellers and Realtors® are being creative, embracing technology, to preview homes, but the consensus at this time is to not show homes until further notice.
Information related to the efforts to mitigate the outbreak of COVID-19 is constantly evolving. To follow the guidelines and precautions set by Canada’s public health authorities, see Health Canada’s website for comprehensive coverage.
The information provided in this feature has been sourced by Adam Stewart, Real Estate Sales Representative with Chestnut Park Realty Southwestern Ontario Ltd. Brokerage. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither Adam Stewart, nor Chestnut Park Realty Southwestern Ontario Ltd. Brokerage assumes any responsibility or liability.
Adam Stewart is a Real Estate Sales Representative with Chestnut Park Realty Southwestern Ontario Ltd. Brokerage serving Guelph, Kitchener-Waterloo, Cambridge, Wellington County and Southwestern Ontario markets. Adam can be reached at 519-265-2602, online at www.adamstewart.ca, or by email at adam.stewart@chestnutparkwest.com.
How This Real Estate Agent Continues to Bring Buyers and Sellers Together During COVID-19
It’s clear we’re all in this together, and we’ve all been spending the last few days coping with the development of the COVID-19 pandemic with feelings of uncertainty.
As a real estate sales representative with Chestnut Park in Guelph, one of the most important aspects of my service is to tour homes extensively with clients to access their features and benefits, and to identify areas of concern that could impact their way of life both health-wise and financially going forward during their time of ownership.
Naturally, with practicing social distancing we need to find a balance of supporting our clients requests to view properties while maintaining a high-level of social responsibility. Given the exceedingly quick pace to which COVID-19 and necessary social distancing measures are taking place, it is inevitable that the real estate market will have challenges in the short-term.
What we are seeing in today’s environment is certainly a continued level of interest from both buyers and sellers to maintain course given the length of time it takes to start a listing campaign, and of course the life decisions that determine why a buyer or seller is engaging in a real estate transaction. These are extraordinary times and as a society, we are in uncharted territory. It’s critical that we continue to stay calm and work together to stay safe, while supporting each other day-to-day.
One of the measures that is proving to be extremely useful during social distancing that continues to bring buyers and sellers together in an effort to minimize the risk of exposure to COVID-19 is the use of a system called Matterport, which enables prospective buyers to view properties in 3D in the comfort and safety of their own home. In today’s environment, this advantage will allow homeowners to stand out from the competition and provide an immersive experience that's not possible with photos or 360 tours. With a 3D virtual tour, prospective buyers can do their own walk-through a property from anywhere, anytime, generating higher engagement and interest.
Matterport 3D Tours Allow Buyers & Sellers to Come Together in a Socially Responsible way During COVID-19.
Of course this is one tool that we have to help attract qualified buyers by giving viewers the most complete representation of your property, as well by filtering out those properties that may not be the right fit will certainly support our social responsibility with COVID-19.
If you are looking for guidance in your decision to start your listing campaign in the coming weeks, and would like more information about Matterport to support your listing campaign, please feel free to reach out to Adam directly.
Information related to the efforts to mitigate the outbreak of COVID-19 is constantly evolving. To follow the guidelines and precautions set by Canada’s public health authorities, see Health Canada’s website for comprehensive coverage.
The information provided in this feature has been sourced by Adam Stewart, Real Estate Sales Representative with Chestnut Park Realty Southwestern Ontario Ltd. Brokerage. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither Adam Stewart, nor Chestnut Park Realty Southwestern Ontario Ltd. Brokerage assumes any responsibility or liability.
Adam Stewart is a Real Estate Sales Representative with Chestnut Park Realty Southwestern Ontario Ltd. Brokerage serving Guelph, Kitchener-Waterloo, Cambridge, Wellington County and Southwestern Ontario markets. Adam can be reached at 519-265-2602, online at www.adamstewart.ca, or by email at adam.stewart@chestnutparkwest.com.
New Mortgage Stress Test Rules Coming...How will the Canadian Mortgage Stress Test Impact you in 2020?
Starting on April 6th, 2020, the Government of Canada will be ushering in changes to the mortgage ‘Stress Test.’ So, what are these changes and how might they affect your home purchase this year?
Ever since 2016, all insured mortgages must qualify at a minimum rate or, in other words, pass a ‘stress test’. The key difference between an insured mortgage and an uninsured mortgage is the initial amount you’re able to put down on the purchase of a home. If you find yourself able to put down more than 20% of the purchase price immediately, you can carry on without seeking mortgage insurance. If, however, your down payment comes in at under 20% of the total purchase price, the government mandates that the balance of the mortgage must be backed by government-supported insurance.
This policy was introduced four years ago as the Canadian housing market started its current upward climb, in an effort to ensure that buyers – especially younger, first-time home buyers – would be able to continue servicing their mortgage in the event of a climb in interest rates without being forced to default on the loan.
In order to pass the current ‘stress test’, borrowers “must qualify at the greater of the: » Borrower’s Contract Rate, which is the mortgage interest rate agreed to by the lending institution and the borrower; or » Bank of Canada’s five-year Benchmark Posted Mortgage Rate, which is the mode of the posted five-year conventional mortgage rates offered by the six largest banks”.
Starting on April 6th, these rules will change. To pass the stress test, home buyers will now need to qualify at the new benchmark rate, which will be the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus 2%.
In real terms, this change boosts purchasing power by an average of 5% for those home buyers who are proceeding with an insured mortgage. Looking at things another way, if you had been pre-approved by your bank for a home purchase of up to $450,000 under the current rules, that limit will be boosted up to $472,500 under the new rules. This gives first time home buyers a little more wiggle room to compete in a hot market where bidding wars are once again becoming the norm.
For more information, please feel free to reach out to Adam directly.
The information provided in this feature has been sourced by Adam Stewart, Real Estate Sales Representative with Chestnut Park Realty Southwestern Ontario Ltd. Brokerage. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither Adam Stewart, nor Chestnut Park Realty Southwestern Ontario Ltd. Brokerage assumes any responsibility or liability.
Adam Stewart is a Real Estate Sales Representative with Chestnut Park Realty Southwestern Ontario Ltd. Brokerage serving Guelph, Kitchener-Waterloo, Cambridge, Wellington County and Southwestern Ontario markets. Adam can be reached at 519-265-2602, online at www.adamstewart.ca, or by email at adam.stewart@chestnutparkwest.com.
In Order Co. | Inside Guelph & Kitchener's Professional Organizing Company
Get to Know In Order Co. & The Team Behind It with Co-Owners Lisa Myles & Tanya Grovum
Question: Can you tell us a little about In Order Co. and how you help make people’s lives a little easier?
In Order Co. is a full-service professional organizing company with locations in Guelph and Kitchener, Ontario. We specialize in organizing, downsizing, and moving support. We help people who do not have the time, the know how, or the desire to organize, pack or unpack their homes themselves. Our team model allows us to expedite the process from what would often take someone several days, weeks, or months to often a single day. This is how we came up with our tag line- The difference a day can make. We had clients telling us they couldn’t believe what a difference they could see in just one day and that they felt much more relaxed in their homes. We love what we do and we take pride in making people’s homes incredibly functional and beautiful for them.
Question: Tell us…how did you get involved in the business and your partnership?
Both of us left our corporate jobs so we could have more flexibility with our young families. We saw the potential in the professional organizing industry to address the gap for people who desire to be organized but don’t have the time or skills to do so on their own. For several years prior to our merger we both owned separate businesses and belonged to the Professional Organizers in Canada (POC) association, where we met. After a short conversation we realized that we had A LOT in common (it’s a little scary!). Needless to say we got along right from the start. In 2018 we became the co-chairs for the Grand River Chapter of POC and started supporting each other on larger client projects. We quickly recognized that having 2 organizers on a job meant we could be much more efficient, we were able to support our clients better, and our dual personalities brought a light and enjoyable energy to each session. Essentially it was a match made in organizer heaven, getting more done in less time and having more fun along the way! In June of 2019 we made the merge official and In Order Co. was established and we haven’t looked back.
Question: Who are the most common clients, and what problem are they mostly looking to solve?
Our typical organizing client is someone who knows that they want to be organized but has hit a barrier, most commonly time, to complete a project. Most of us live very busy lives and carving out time to properly organize a space (so it stays organized) can be a challenge. Our moving clients are no different. Traditionally sellers prepared their homes for sale and unpacked themselves. However with the demands of life, this has become more of a challenge for people. Instead of stressing about relocation deadlines and living amongst unpacked boxes for weeks, our clients experience the benefits of our moving process and are cooking in their new kitchen on moving day. It’s like having a project manager for your move! Our downsizing clients struggle with decision and physical fatigue that arises from having to go through all of their items and selecting what will be moved. With families living further apart and people working longer, children are not always able to dedicate the amount of time required to downsize their parents. We have also noticed that a lot of seniors want to be independent in this process and enjoy the lightness and energy we bring to this often stressful transition for them.
Question: Can you tell us a story about an impact you had on a client? How did that make you feel?
We have been fortunate enough to help many people and experience many positive reactions when the session is complete. It is by far the best part of our job. As young moms ourselves we relate to women who struggle with keeping a family home organized. As two people who have moved several times, we understand the stress a move can have on someone. One of our recent clients was a single woman moving cities, and downsizing to a smaller house. She lived in a large home and needed help prepping her home for sale and packing on a short timeline. The main goal of our time together was to get the client packed and ready to move quickly, but the reason she was moving was to have a fresh start as she embarked on the next phase of her life. By decluttering and truly downsizing we were able to help our client take what was still important and relevant to the person she is today, not the years of belongings that held no value but were being held onto. We were able to not only remove approximately 4000 lbs of household items that she did not want/need for her new home, but we saved her approximately $2500 in moving costs. Needless to say it paid to hire In Order Co. This resulted in a very happy client, which made us very happy organizers!
Question: When is the best time for a client to start thinking about your services, and how quickly can you help them out?
Typically, our organizing clients reach out when they have reached a point of frustration with their space and are ready to see their space transformed. Some of our clients need support with multiple spaces or their whole home, in which case we book sessions as their calendar allows. Other times, we have last minute requests and are generally able to accommodate. Because our turnaround time is quick we can manage several projects at a time. This also allows us to provide availability general within the same week. Our moving clients are typically faced with a deadline. Clients who are getting ready to put their house on the market, will call us for support with decluttering and prepacking to be ready for photos. Clients who are packing or unpacking typically reach out because there are short on time or there are looking for the extra benefit of moving with a Professional Organizer.
Contact In Order Co.
Lisa Myles, Co-Owner & Tanya Grovum, Co-Owner
Kitchener: 226-339-0475 | Guelph: 519-265-4760
Email: hello@inorderco.com
Website: https://www.inorderco.com/
Has the Guelph Real Estate Market Gone 🍌 …The December 2019 Sales Report Is Not Monkeying Around! 🙉
GUELPH, ON (Jan 6, 2020) –– There were 98 residential homes sold through the Multiple Listing System (MLS® System) in the City of Guelph in December 2019, an increase of 15.3 per cent compared to December 2018 – An impressive percentage increase in and of itself.
“Overall, it was an accelerated December for number of home sales in December particularly for single-family detached units.” says Adam Stewart, a Sales Representative with Chestnut Park West in Guelph. Total residential sales in December included 55 detached (up 41 per cent), and 18 condominium units (down 10 per cent). Sales also included 2 semi-detached homes (down 60 per cent) and 23 freehold townhouses (up 9.5 per cent).
Here’s were it gets interesting. The average sale price of all residential properties sold in December increased 14.9 per cent to $550,378 compared to the same month last year. Detached homes sold for an average price of $633,317 an increase of 11 per cent compared to 2018. During this same period, the average sale price for an apartment style condominium was $397,333 for an increase of 21.4 per cent. Townhomes and semis sold for an average of $476,652 (up 3.1 per cent) and $494,800 (up 11.3 per cent) respectively.
The median price of all residential properties sold in December increased 13 per cent to $520,000 and the median price of a single-family detached home during the same period increased 6.3 per cent to $575,000.
“A consistent theme this month, is the lack of supply as a hurdle for anyone who was trying to buy their first home, move-up from their current residence, or downsize. This ongoing state of the market is causing further escalation of home prices,” says Stewart.
The number of months of inventory was .7 in December (down 22.2 per cent), hitting its lowest point of the year (1-2 months supply is historically normal for The City of Guelph). The average days to sell in December was 29 days, compared to 39 days in 2018.
While the majority of residential MLS® System activity is properties for sale, REALTORS® listed 12 properties for lease in the City of Guelph in December, which is on par with 10 lease listings in December of 2018.
📈 Guelph Real Estate Market Report | November 2019 | by Adam Stewart, Chestnut Park West
GUELPH, ON (December 8, 2019) –– 166 residential properties sold through the Multiple Listing System (MLS® System) in the City of Guelph in November, an increase of 6.4 per cent compared to the same month last year. Home sales in November included 92 single-family detached (up 13.6 per cent), and 33 condominium apartments (up 50 per cent). Sales also included 36 townhouses (down 16.3 per cent) and 5 semi-detached homes (down 50 per cent). “People moving to Guelph for an exceptional quality of life, and the strong economy is continuing to be a significant factor for our local market,” says Adam Stewart with Chestnut Park West. “Prices are increasing because homebuyer demand is exceeding the number of homes on the market—which is expected will continue throughout 2020.”
📈 Guelph Real Estate Market Report | October 2019 | by Adam Stewart, Chestnut Park West
GUELPH, ON (November 5, 2019) –– 196 residential properties sold in the City of Guelph through the Multiple Listing System (MLS® System) in October, an increase of 16.7 per cent compared to the same month last year. Home sales in October included 114 detached (up 32.6 per cent), and 34 condominium apartments (down 2.9 per cent). Sales also included 38 townhouses (down 2.6 per cent) and 10 semi-detached homes (up 25 per cent). “Home sales were up again last month led by strong sales of detached single family properties,” says Guelph Realtor, Adam Stewart with Chestnut Park Realty Southwestern Ontario Ltd. Brokerage.
Spring Mill Distillery | Royal City Stories | Episode 3 | with Cooper Sleeman, Dan Gibson & Adam Stewart
Solstice 1&2 | Guelph Student Investment Condos | Premium Student Investment in Guelph
SOLSTICE Condos | Guelph Student Investment Property | 1291 Gordon Street, Guelph. Adam Stewart here with Chestnut Park in Guelph, Kitchener-Waterloo & Area. If you’re considering a turn-key student investment opportunity in Guelph that offers a lower entry-price point, you may want to consider SOLSTICE 1&2.
Royal City Stories | Episode 2 | Crafty Ramen
Royal City Stories | Episode 2 | Crafty Ramen
Royal City Stories is a local video series, sponsored by Adam Stewart, Realtor with Chestnut Park in Guelph, Optim Financial, Royal Distributing, and Clean Cut Energy that encourages people to discover the places and human interests that make our community unique.
The Royal City Story video series uncovers local human interest stories revealing what makes each person, and place featured an important element of Guelph’s culture. Royal City Stories will have you step inside iconic community landmarks and meet the people who breathe life into local culture and service with purpose.
“It is such an opportunity to participate in this project which is rooted in storytelling, and is really going to share some important perspectives about the people and places that make our community thrive,” said Adam Stewart, Realtor with Chestnut Park West in Guelph.
🥃 Spring Mill Distillery & Inside the Ward Bar | Take the 3D Tour Inside
When you tour the Spring Mill Distillery you will feel as though you’ve wandered back in time. Exposed stone walls. Glistening copper stills. Huge and powerful wooden washbacks. And, while it feels like you stepped back in history what you’re seeing is new.
The distillery is located in the heart of what was originally known as St. Patrick’s Ward (sometimes called The Two Rivers Neighbourhood). Over the years it came to be known as The Ward.
The Ward Bar was named to honour the neighbourhood history and in the spirit of offering a comfortable, unpretentious space where you can gather with friends for a genuinely good time with great spirits.
When you come to visit expect a warm and sincere welcome accompanied by some stories that may surprise you.
Guelph Real Estate Market Report | September 2019 | by Adam Stewart, Chestnut Park West
Guelph Real Estate Market Report | July 2019 | 227 residential properties sold through the Multiple Listing System (MLS® System) within the City of Guelph in July, representing an increase of 9.1 per cent compared to the same month last year. Guelph home sales in July included 129 detached (up 13.2 per cent), and 45 condominium apartments (up 36.4 per cent). Sales also included 44 townhouses (same as July 2018) and 9 semi-detached homes (down 47.1 per cent).
Royal City Stories | Episode 1 | #RIVERLOOT with Bryan McNeill
Royal City Stories | Episode 1 | #RIVERLOOT with Bryan McNeill Hosted by Dan Gibson
Royal City Stories is a local video series, sponsored by Adam Stewart, Realtor with Chestnut Park in Guelph, Optim Financial, Royal Distributing, and Clean Cut Energy that encourages people to discover the places and human interests that make our community unique.
The Royal City Story video series uncovers local human interest stories revealing what makes each person, and place featured an important element of Guelph’s culture. Royal City Stories will have you step inside iconic community landmarks and meet the people who breathe life into local culture and service with purpose.
“It is such an opportunity to participate in this project which is rooted in storytelling, and is really going to share some important perspectives about the people and places that make our community thrive,” said Adam Stewart, Realtor with Chestnut Park West in Guelph.
Should I Sell or Rent My Property?
Thinking of upgrading to a bigger home, but can’t decide if you should sell your current property, or rent it out as an investment property?
As a landlord, there is no question that Guelph and area has a very strong rental market. According to the CMHCs Rental Market Report for the Guelph CMA (2018) the vacancy rate is at a low 1.4 percent with an average rent up 4.1% to $1,109 per month. So if you can afford to, now is a great time to upgrade into something bigger, and keep your current home as an investment property.
Download the CMHC Rental Market Report - Guelph CMA (2018)
“Provided you can afford it, you could make yourself income from the cash flow, and asset appreciation, if you hang onto your home and sell in the next two to three years.” – Adam Stewart, Realtor, Chestnut Park West
Hear are the top #3 considerations to help you make the best decision for your situation…
CAN YOU AFFORD TO KEEP YOUR HOME AS AN INVESTMENT PROPERTY?
If you do decide to rent out your home, you will still have your usual rates to pay, plus ongoing maintenance and repairs. With a rental, hot water systems can fail, and air conditioning systems may need work. So provided that these costs won’t stretch you too thin, I would recommend holding onto your home for another two years or so.
CAN YOU AFFORD TO UPGRADE WITHOUT SELLING YOUR CURRENT HOME?
Ideally, the choice to maintain your property and rent it out will still allow you to upgrade and afford the home you want. Sometimes by selling the property you could borrow an extra $100,000-$200,000… so maintaining your home and renting it out may reduce that capacity.
It’s a great time to see what’s around, and speak with your lender to see what you can afford. The lending rate is also nearing historic lows, so it’s an opportune time to get your finances in a position to upgrade, and secure some long-term capital growth.
IS BEING A LANDLORD FOR YOU?
If you find you can afford to keep your home as an investment property, consider whether you have the time, patience, and desire to manage your rental yourself, or if you’d like to hire a property manager to do it for you.
Some of the most important tasks of a landlord (or property manager) are:
Finding a reliable tenant that pays rent on time and maintains your property.
Conducting regular routine inspections on the property.
Organizing prompt maintenance and/or repairs on the property.
Ensuring all legal paperwork and documentation are filled out correctly and signed (e.g. tenancy agreements, property condition reports, inspection reports, repair requests, etc.).
If you work full-time and have a family, you may find it difficult to give your tenant and rental the time and commitment it needs - it totally depends on your circumstances, and head space.
AND IF YOU’D LIKE A SECOND OPINION ABOUT WHETHER TO SELL OR RENT YOUR PROPERTY IN THE CURRENT GUELPH MARKET, FEEL FREE TO CALL ADAM AT 519.265.2602. HE’D BE MORE THAN HAPPY TO ANSWER ANY QUESTIONS YOU MAY HAVE.
Royal City Stories | Sharing Compelling Stories of Guelph’s Everyday Heroes
Royal City Stories is a new local video series, sponsored by Adam Stewart, Realtor with Chestnut Park in Guelph, Optim Financial, Royal Distributing, and Clean Cut Energy that encouraging people to discover the places and human interests that make our community unique.
The Royal City Story video series uncovers local human interest stories revealing what makes each person, and place featured an important element of Guelph’s culture. Royal City Stories will have you step inside iconic community landmarks and meet the people who breathe life into local culture and service with purpose.
“It is such an opportunity to participate in this project which is rooted in storytelling, and is really going to share some important perspectives about the people and places that make our community thrive,” said Adam Stewart, Realtor with Chestnut Park West in Guelph.
📈 Guelph Real Estate Market Report | August 2019
Guelph Real Estate Market Report | July 2019 | 227 residential properties sold through the Multiple Listing System (MLS® System) within the City of Guelph in July, representing an increase of 9.1 per cent compared to the same month last year. Guelph home sales in July included 129 detached (up 13.2 per cent), and 45 condominium apartments (up 36.4 per cent). Sales also included 44 townhouses (same as July 2018) and 9 semi-detached homes (down 47.1 per cent).