Barrie area saw a dip in new listings hitting the market in September, with 591 new homes hitting the market, an 8.2% decrease from September 2022. Sales were also down in September, with 165 homes sold last month. Despite the year-over-year stats showing a slight decrease in overall activity, prices in the Barrie area have remained steady compared to last year. The average sale price in Barrie was $754,790, where sellers saw gains upwards of 1.6%. Homes are also spending one day less on the market than last year’s average numbers. Homes in the Barrie area sold firm in 49 days last September.
As the leaves change colour and the air becomes crisp, it’s time to turn your attention to fall home maintenance. Preparing your home for the colder months is not only a way to ensure your comfort but also to protect your investment. In this blog post, we’ll provide you with five essential tips for fall home maintenance to keep your home in top shape during the autumn season.
Clean Your Gutters:
Fall is synonymous with falling leaves, and they can wreak havoc on your gutters. As leaves and debris accumulate in your gutters, it can lead to clogs, causing water to overflow and potentially damage your roof, siding, or foundation. To prevent this, take the time to clean your gutters thoroughly. Use a ladder, gloves, and a scoop to remove leaves and gunk, and finish by flushing out the gutters with a hose. This will help to ensure proper water drainage as winter approaches.
Check Your Roof:
The fall is an ideal time to inspect your roof for any signs of damage or wear and tear. Look for loose or missing shingles, damaged flashing, or any other issues that might allow water to penetrate your home. Addressing these problems now can prevent costly leaks and water damage later. If you’re uncomfortable with roof inspections, consider hiring a professional roofer to assess the situation.
Prepare Your Heating System:
Before the cold weather sets in, have your heating system serviced. This includes cleaning or replacing air filters, checking for any unusual noises or odours, and ensuring that your system is running efficiently. A well-maintained heating system will not only keep your home warm but can also save you money on energy bills.
Seal Gaps and Cracks:
Inspect the exterior of your home for gaps and cracks in doors, windows, and around the foundation. These openings can allow cold air to enter and warm air to escape, making your heating system work harder. Use caulk or weatherstripping to seal these gaps and keep your home cozy and energy-efficient.
Prepare Your Lawn and Garden:
Fall is also an excellent time to give your lawn and garden some attention. Rake up leaves to prevent them from suffocating your grass, and consider aerating the lawn to help with root growth. Trim back overgrown bushes and trees to prevent potential damage from heavy snow or strong winds. It’s also a great time to plant fall bulbs for a burst of colour next spring.
Fall home maintenance is a crucial part of responsible homeownership. By following these five essential tips, you can ensure that your home is ready to face the challenges of the upcoming colder months.
We know that life can be busy at this time of year so if you ever need a recommendation for a service professional, let us know. Whether it’s before, during or after your purchase, we’ll be with you every step of the way.
Properly maintained gutters, a sound roof, an efficient heating system, a well-sealed home, and a cared-for outdoor space will not only keep your home in excellent condition but also provide you with peace of mind as you settle in for the fall and winter seasons. So, roll up your sleeves and get to work – your home will thank you for it!
In its most recent interest rate announcement, the Bank of Canada decided to hold the interest rate steady at 5% amid signs of cooling in the economy and easing in inflation. Despite hopes of a reduction, this was widely expected by economists, and the news will be welcomed in the immediate future especially by home buyers across the nation. In this blog post, we’ll explore the significance of this decision for individuals and families looking to purchase a home in today’s real estate landscape.
Steady Interest Rates: A Mixed Blessing for Home Buyers
For home buyers, the Bank of Canada’s decision to maintain the current interest rate represents a mixed blessing. While it means that they won’t face an immediate increase in borrowing costs, it also suggests that the already elevated interest rates will remain constant. On the one hand, although disappointed by the lack of a reduction, it does mean that those looking to enter the market will see a consistent and balanced market as we head into the winter.
Impact on Home Buyers: What to Expect
With interest rates held steady at 5%, home buyers face both stability and balance. Monthly mortgage payments won’t immediately rise, offering some relief. The market has been balancing and evening out over the summer and fall and that looks to continue with this announcement. On the horizon, forecasters are expecting to see inflation hold around 3.5% in mid 2024 making it essential for aspiring homeowners to plan strategically and stay informed about the evolving real estate landscape by staying in touch with your For Sale On Georgian Bay agent and our Mortgage Experts.
The Bank of Canada’s decision to maintain a 5% interest rate has both immediate and long-term implications for home buyers. While it may provide some financial stability, it does not immediately alleviate the challenges of entering a competitive real estate market. Aspiring homeowners must remain vigilant, adapt their strategies, and stay informed to navigate the dynamic housing landscape. At For Sale On Georgian Bay, we’ll be with you every step of the way as we head into the winter market – a market that is always dominated by motivated buyers and sellers alike
As Summer transitioned into Fall, we continued to see consistency in the next phase of growth and market recovery. Across our region, we’re seeing increases in New Listings, Active Listings and Average Price month after month. We saw a 2% rise in average listing price and a 6% increase in New Listings – Lots of opportunities for buyers and sellers alike.
In our communities, these trends were also reflected. There were marginal increases and decreases in Tay, Penetang and Midland whilst Tiny saw a huge 38% increase in Sales Price and also a 32% increase in Active Listings. Consistency proves to be the theme this month with the market in a similar position to last year but still seeing improvements as it faces ongoing recovery.
