MoneySense magazine says Guelph is the best city in Canada to buy real estate in 2020, moving up from second spot a year ago.
"Strong economic fundamentals helped Guelph, Ont., top the MoneySense Where to buy now ranking. Plus, despite the value found in Guelph’s real estate, average home prices are still less than $530,000," says MoneySense, which bills itself as "Canada's leading lifestyle and money magazine.
It lists Guelph's average house price at $527,300. It says the five-year dollar appreciation of a house in Guelph is just over $65,000.
The complete article can be found here.
MoneySense's annual ranking of the best cities in Canada to buy real estate places Guelph first on its list of the 35 best cities to purchase property, with London, Victoria, Ottawa and Kingston rounding out the top five list.
Guelph rose one spot in MoneySense's annual real estate report, from the 2nd place spot in 2019.
"In addition to Guelph's many stand-out qualities as a city, MoneySense cites the city's strong economic fundamentals as the main reason why Guelph topped its 2020 real estate ranking.
"The city's low unemployment rate, 350 basis points below the national average in pre-COVID times, combined with its strong average household income makes it an ideal city for homeowners from all walks of life," said MoneySense.
