There's a lot of talk about making homes more affordable especially with upcoming election but the fact is we had 132,417 new Canadian's move to Ontario in 2018 and only 70,257 housing starts (new builds). Since 2017, the Canadian government announced its aim to significantly increase the number of permanent residents to Canada in order to combat an aging workforce and the decline of working-age adults. Everyone is aware of basic economics - supply and demand drive prices.
According to an analysis of Statistics Canada data by Ryerson University’s Centre for Urban Research & Land Development, Toronto lost 30,000 people per year between 2016 and 2018 to more affordable housing markets. Long commutes, or simply giving up on higher-paying jobs in Toronto, this is the price people are paying to afford a roof over their head. That's us GUELPH, they are still coming to us from the GTA, our prices are not dropping and it's also effecting our rental market putting rents out of reach for some people.
With that long winded thought you first time buyer should look at 1 Sunnylea Cres, it's in General Hospital neighbourhood which is great, walkable to downtown,1 bedroom condo apartment. Shows well, priced sharp and the Listing agents from Royal Lepage mention this important detail, with $12,000 down, the mortgage will carry for $1,116/month - less than most rents in the city.