Bought in Guelph in 2021 and Feeling Nervous

Madal123 wrote: ↑ We bought our primary home in Guelph in 2021. An end unit freehold townhouse for 750k - 3br, 4 bath. Recent comps in Jan / Feb had two of the same end units on our street going for around $1.15M.

Now I'm worried that prices this far from GTA will either drop or stagnate compared to rest of the market, although Guelph real estate has generally been higher than a lot of surrounding areas like Kitchener. I'm still seeing end unit freehold town homes going over $1M so the market is still strong for nowm

I'm seeing similar sized townhouse going for maybe $100k more in Mississauga or even less. Does it make sense for us to consider selling soon and moving closer to the GTA or ride it out? Our original plan was to hold for 5 years and then sell to move back closer to Toronto.

We are both long term WFH 90% so commute is not an issue for us, just future resale value.

masarwar wrote: ↑ so current appreciation to 1.15 m? i still cant seem to find the concern here.

Madal123 wrote: ↑ Only concern is the push back to the office might have a large impact on the Guelph market. It's a 1.5 hour GO train to downtown. My spouse and I have always been WFH so it's not an issue for us but I can see it deterring some buyers in the future post-covid.

I may be overreacting but just wondering if we should get out while we are ahead still.

Madal123 wrote: ↑ Only concern is the push back to the office might have a large impact on the Guelph market. It's a 1.5 hour GO train to downtown. My spouse and I have always been WFH so it's not an issue for us but I can see it deterring some buyers in the future post-covid.

I may be overreacting but just wondering if we should get out while we are ahead still.

wiab89 wrote: ↑ I would sell and move to mississauga. If that was your 5 year plan just be lucky you made 400k in a year and accelerated your move by 4 years.