Guelph · Wellington County area
Mortgages in Guelph, compared across lenders
We compare banks, credit unions and monoline lenders for your Guelph purchase, renewal or refinance, and explain the trade-offs in plain English.
We help Guelph households buy, renew and refinance by comparing banks, credit unions, trust companies and monoline lenders. The local board, the OnePoint Association of REALTORS, has its monthly market statistics on hold, so this page shows no sales figures (CREA statistics page for the OnePoint Association of REALTORS, checked October 2026). Every mortgage is subject to lender approval; we arrange mortgages for properties in Ontario only.
Guelph in numbers
These are the latest published figures we could check for Guelph, each with its source and date. They describe the market, not your mortgage.
Home sales
CREA's page for OnePoint, Guelph's board, says all its market statistics from December 2024 onward are temporarily on hold until it is confident the data is accurate. This page shows no sales figures until the board publishes again.
Residential property tax rate, 2026
- Total rate
- 1.494407%
Made up of City 1.340095% + hospital levy 0.001312% + education 0.153000%. The rate applies to the assessed value set by MPAC (the Municipal Property Assessment Corporation), not to the price you pay.
Renting, October 2025
- Average two-bedroom rent
- $1,802 a month
- Vacancy rate
- 3.1%
A year earlier the rent was $1,740 and vacancy 1.9%. The survey covers purpose-built rental apartments in private buildings of three or more units.
Households, 2021 Census
- Households that own
- 65.7%
- Median household income (2020)
- $93,000
City of Guelph (census subdivision 3523008): 56,480 households, population 143,740. Income is for 2020, the year before the census.
What's different about borrowing in Guelph
- Guelph is outside the City of Toronto, so a purchase pays Ontario's land transfer tax only. Our land transfer tax calculator shows the amount.
- Guelph's 2026 residential property tax rate is 1.494407% of the home's assessed value, counting the City, hospital levy and education parts (City of Guelph, 2026 Tax Rates, checked October 2026). MPAC sets the assessed value, and it is not the price you pay, so ask for the seller's current tax bill. Lenders count property tax in the housing costs they qualify you on (CMHC debt-service rules, checked October 2026).
- A two-bedroom apartment in the Guelph census metropolitan area (CMA), which includes Guelph, rented for $1,802 a month on average in October 2025, up from $1,740 a year earlier (CMHC, checked October 2026). Vacancy was 3.1%. If you rent now, set that rent against a mortgage payment plus property tax, heat and upkeep.
- In the 2021 Census, 65.7% of households in the City of Guelph owned their home, and the median household income in 2020 was $93,000 (Statistics Canada, checked October 2026).
Outside Toronto you pay Ontario's land transfer tax only — work it out with the land transfer tax calculator. Also useful: Ontario closing costs · down payment rules.
Who we help in Guelph
We help Guelph households buy a first home, move up, renew or refinance. We compare banks, credit unions and monoline lenders (lenders that only do mortgages and work through brokers) first.
A home you won't live in can't carry mortgage default insurance, so lenders ask for a larger down payment. Alternative lenders are the next step when a bank's rules don't fit, at a higher cost. Private money is a short bridge only, and we explain its cost first.
Questions from Guelph borrowers
Do I pay Toronto's land transfer tax in Guelph?
No. Guelph is outside the City of Toronto, so only Ontario's land transfer tax applies.
Can I buy a rental property in Guelph?
Yes, with a conventional mortgage. A home you will not live in cannot carry mortgage default insurance. Lenders ask for a larger down payment and look at the expected rent and your other income, subject to lender approval.
Is there down-payment help in Guelph?
Not for new applicants right now. The County of Wellington's Down Payment Loan Fund, which serves Guelph, says it is not accepting any new applications (County of Wellington, checked October 2026).
When open, it lends up to 10% of the price, to a maximum of $40,000, for household incomes under $138,800 and prices under $933,408.
The federal and Ontario first-time buyer measures still apply: the FHSA, the RRSP Home Buyers' Plan and the land transfer tax refund.
Can I work with you if I live in Guelph?
Yes. We work with borrowers across Ontario by phone and online; our office is in Richmond Hill.
Nearby: Kitchener-Waterloo · Cambridge · Milton · Halton Hills
General information for Ontario borrowers, not advice. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722.
Sources
- CREA statistics page for the OnePoint Association of REALTORS, status as posted in October 2026, checked October 2026.
- City of Guelph, 2026 Tax Rates, 2026 tax year, checked October 2026.
- CMHC Rental Market Survey, Ontario tables 1.1.1 and 1.1.2, published 11 December 2025, October 2025, checked October 2026.
- Statistics Canada, 2021 Census of Population, Census Profile, City of Guelph (census subdivision 3523008), 2021 Census, checked October 2026.
- County of Wellington, Housing services and supports, page as read in October 2026, checked October 2026.
- Ontario, Calculating land transfer tax, page updated 22 April 2026, checked October 2026.
- Ontario, Land transfer tax refunds for first-time homebuyers, page updated 10 February 2026, checked October 2026.
- CMHC, Calculating GDS and TDS, debt-service rules for insured mortgages, checked October 2026.
No cost to talk
Talk to a broker about your Guelph mortgage
Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.
You can also call us at (416) 371-2077.