I live in a small town in Nottinghamshire, England and in my church, there’s a WWI memorial, which I’m quite sure was made in the time period, where it says that it was 1914 - 1919 even though it ended in 1918. Maybe the ceasefire was signed in 1918 but the war didn’t officially end until ‘19 but I’m not sure on that.
You are totally correct on your guess, the 11th of November 1918 is the armistice which by definition is a ceasefire treaty and not a peace treaty per se. The official peace treaty was signed the 28th of June 1919 at Versailles (Treaty of Versailles). Most commemoration and memorial buildings only reflects the dates of the "actual war" (I mean by that the exchange of fire), it's quite rare (from my experience) to see memorials indicating the official dates.
Although I'm making a very vulgarisation in my comment, the real difference between the terms are the following :
I don't know what's the name in England for November 11th, but in France it's "l'Armistice de 1918" (the Armistice of 1918) and not "the end of the Great War/World War I." The confusion is totally legitimate though, most of the time countries celebrate the armistice and not the peace treaty signed (which makes sense when we think about it, peace treaty being contracts require time to be put into legal words so they happen later).