Nasib Thind - ReMax Real Estate Centre

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Nasib Thind - ReMax Real Estate Centre With 15 years of experience our mission is to provide utmost service to all of our clients in the Gu

Serving Guelph, Cambridge, Kitchener and Waterloo & specializing in Residential, commercial, & Investment

10/14/2026

Canadian Home Sales Slide 6.9% Yearly
We’ve seen Canadian home sales dip by about 7% year-over-year and 1% month-over-month in Mid-Q3, reflecting the impact of economic uncertainty and higher mortgage rates on buyers and sellers alike. The national price index held steady month-over-month but is down roughly 3% compared to last year. Interestingly, newly listed properties made a modest comeback with a 3% increase after three months of decline. The sales-to-new listings ratio also slipped to 49%, compared to 51% in Early-Q3, and remains below the long-term average of 55%. With inflation risks rising and concerns about economic growth, fixed mortgage rates have moved up as bond yields increase. At the same time, markets were anticipating a 60% chance of a rate hike in Early-Q4, and projecting more than a percentage point of tightening by 2027. As someone who works with clients navigating these changes every day, I keep a close watch on these shifts to help buyers and sellers make informed decisions in a dynamic market.

10/13/2026

Ontario's $130K HST rebate absorbs tariff costs as GTA single-family home sales hit 47% above the 10-year average
It's impressive to see how Ontario’s residential construction sector is powering forward, especially in the GTA. The demand for single-family homes remains strong—GTA sales are now 47% above the 10-year average, even as prices have dipped. What’s really noteworthy is the impact of tax incentives, with HST rebates offering savings of up to $130,000. This kind of support not only helps buyers but also underpins the industry, which currently supports 256,000 jobs and drives $39.3 billion in investment. As someone deeply involved in helping clients buy and sell homes, I see firsthand how these factors shape our local market and open new opportunities for families and investors alike.

10/11/2026

Happy Thanksgiving

Ontario HST rebate shields new home salesOntario’s HST rebate continues to play a crucial role in supporting new home sa...
10/10/2026

Ontario HST rebate shields new home sales
Ontario’s HST rebate continues to play a crucial role in supporting new home sales, especially for families and individuals looking to make their next move. In the GTA, we’ve seen single-family home sales reach 692 units—an impressive 47% above the 10-year average—while total new home sales stand at 907. At the same time, the benchmark price has seen a 14.6% decrease year-over-year, offering a different entry point for buyers. However, condo sales have dropped significantly, coming in 78% below the average, which can be traced back to changes in tax incentive limits. As someone deeply involved in buying and selling homes and condos in our area, I see firsthand how these market shifts and government policies shape opportunities for clients looking to find the right fit.


https://www.roomvu.com/agent-news/nasib-thind/2099956-Ontario-HST-rebate-shields-new-home-sales

Housing Starts Data Release: What It Means for Canada's MarketThis July, Canada saw an estimated rise in housing starts ...
10/08/2026

Housing Starts Data Release: What It Means for Canada's Market
This July, Canada saw an estimated rise in housing starts to 248, up from 239 in June. As someone who closely follows shifts in the real estate landscape, I see this uptick as a signal of possible growth in both construction and broader economic momentum. The finalized numbers will give us a clearer picture, but for buyers and sellers alike, changes in new housing development can influence both opportunity and strategy. I always keep a close eye on these trends to help guide my clients through the evolving market.


https://www.roomvu.com/agent-news/nasib-thind/1938747-Housing-Starts-Data-Release%3A-What-It-Means-for-Canada%27s-Mark

10/07/2026

Ontario Condo Closings Face Value Gap
We’re seeing a striking trend in Ontario’s condo market: some buyers are facing closings where the final price is up to 30% higher than what their unit is actually worth today. This gap is creating real challenges, as lenders will only advance mortgages based on current appraised values—not the original contract price. That means buyers often don’t have enough funds to close, especially if their agreement was signed years ago. Delays from pre-sales, permits, and construction setbacks—made worse by labor shortages—have only widened the gap between signing and closing, leaving plenty of room for the market to shift. Earlier, in a stronger seller’s market, we saw developers occasionally canceling deals when building costs jumped, which led to increased scrutiny and calls for tougher regulations. For buyers, the contracts are complex and options to exit are limited—usually just a 10-day cooling-off period, or a way out if the project misses its occupancy date. As someone who specializes in guiding clients through every step of the home and condo buying process, I know how important it is to understand these risks before making a commitment.

10/06/2026

Ontario Builders Prepare for Growth with New Investments
I’ve been watching the recent tariff disputes between Canada and the U.S. closely, as they’re driving up costs for Ontario home construction by $9,000–$14,000 on single-family homes and $18,000–$28,000 for mid-rise units. These increases don’t just impact the price of materials—they affect jobs, housing starts, and overall affordability for families and investors across the province. As someone who guides clients through the buying and selling process every day, I see firsthand how shifts in the North American market ripple through our local real estate landscape.

Address

238 Speedvale Avenue West, Guelph, N1H 1C4
Guelph, ON
N!G

Opening Hours

Monday 9am - 7pm
Tuesday 9am - 7pm
Wednesday 9am - 7pm
Thursday 9am - 7pm
Friday 9am - 5pm
Saturday 11am - 6pm
Sunday 11am - 6pm

Telephone

+15195461260

Website

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