SOUTHERN GEORGIAN BAY & AREA REAL ESTATE
rick's Blog
Real Estate and Other News Affecting You!
Key Real Estate Market Information You Need To Help You In This Shifting Market
For those of us in the real estate profession as well as consumers, it comes as no surprise that the 2023 real estate market is vastly different from the one we experienced in 2020, 2021 and in the 1st Quarter of 2022. As covered in my April Market Report,...
Southern Georgian Bay MLS® Dollar Sales Down 36% in April vs 2022
Real estate activity across the Southern Georgian Bay area continues to remain well below 2022. While MLS® unit and dollar sales are down especially in the upper price ranges over $1 million, The number of new listings has been on the increase. In reviewing the major...
Forecast For Ontario Recreational Property Prices in 2023 – Part 2
In my prior blog titled Forecast For Ontario Recreational Property Prices in 2023 Part 1, I reported that predictions had been made by one of Canada's largest real estate franchise companies that recreational property prices across Canada overall will increase 4.5 in...
Forecast For Ontario Recreational Property Prices in 2023 – Part 1
Predictions have been made that recreational property prices across Canada overall will increase 4.5 overall in 2023 with prices in Ontario potentially increasing slightly higher. Personally, and as an owner of two waterfront properties myself I disagree. Read on to...
1st Quarter 2023 Luxury Home Sales Down 71%
Through 2020, 2021 and into early 2022, luxury home & condominium sales, those priced over $1 million played a dominant role in driving MLS® sales volume across the Southern Georgian Bay region. Even though unit sales in many price segments under $1 million were...
1st Quarter 2023 Southern Georgian Bay Condominium Sales Reach a 5 Year Low
After robust real estate sales in 2020, 2021 & a brisk start to 2022, MLS® condominium sales in the Southern Georgian Bay area as with the market overall have softened, due largely to higher interest rates, inflation and the looming potential of a recession. March...
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