THE CITY OF GUELPH
Thinking of buying a home in Brampton, Mississauga, Milton, Oakville & Vaughan? Or Curious to know What kind of a house can I afford, buy/get in these cities in the price range of $850,000, $900,000, under a Million or up to 1.5 Million?
Guelph is a city in Southwestern Ontario, Canada. Known as “The Royal City”, Guelph is roughly 28 km (17 mi) east of Kitchener and 100 km (62 mi) west of Downtown Toronto, at the intersection of Highway 6, Highway 7 and Wellington County Road 124. It is the seat of Wellington County, but is politically independent of it. The city is built on the traditional territory of the Mississaugas of the Credit First Nation.
Guelph began as a settlement in the 1820s, established by Scotsman John Galt, who was in Upper Canada as the first Superintendent of the Canada Company. He based the headquarters, and his home, in the community. The area – much of which became Wellington County – had been part of the Halton Block, a Crown Reserve for the Six Nations Iroquois. Galt would later be considered as the founder of Guelph.
Guelph is a city that is located in Ontario, Canada. “The Royal City” is politically independent, although it is the seat of Wellington County. The city was first established as a settlement during the 1820s, and though its history is short, there are some quite interesting facts about Guelph. This city is known throughout the country and even worldwide as being one of the best cities in Canada in terms of livability. As of 2022, the population of Guelph is 150,392 and is expected only to continue to grow.
The city of Guelph’s diversified economy helped Guelph obtain the country’s lowest unemployment rate at 4.2 per cent in 2011 and at 3.9 per cent in February 2016. The great diversity in the types of employers is a significant factor too; the city is not dependent on a single industry. The workforce participation rate of 72% was the best in Canada in December 2015 according to BMO senior economist Robert Kavcic. The job growth of more than 9 per cent at the same time was also of great value to the community. At the time, the BMO economist also rated Guelph as the top city in Canada for those looking for work. Over subsequent months, the rate increased steadily and the jobless rate was at a more typical 5.9% by October 2017, compared to 5.1% in Kitchener-Waterloo. The rate in June 2018 had decreased to 4.5%. By December 2018, StatsCan was indicating an unemployment rate of only 2.3%, down from 4% in November, and the lowest in Canada at that time.
The overall economy of the Guelph “region” (including the city and the townships of Guelph/Eramosa and Puslinch, Ontario) grew at an average of 3.5% per year over the previous five years and was expected to be 2.1% in 2019 and also in 2020 according to the Conference Board of Canada’s August 2019 report. Guelph’s real gross domestic product (GDP) grew by 3.6% per cent in 2018, the highest among medium-sized cities in Canada. “Although economic growth is poised to moderate in 2019, Guelph will maintain its place as one of Canada’s economic growth leaders,” the report predicted
For many years, Guelph ranked at or near the bottom of Canada’s crime severity list. However, the 2017 Crime Severity Index showed a 15% increase from 2016. Guelph has been noted as having one of the lowest unemployment rates in the country throughout the Great Recession. In late 2018, the Guelph Eramosa and Puslinch entity had an unemployment rate of 2.3 per cent, which decreased to 1.9 percent by January 2019, the lowest of all Canadian cities. The national unemployment rate at the time was 5.8 percent. Much of this achievement was attributed to the numerous manufacturing facilities, including Linamar.