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Sep 17 No Comments

August Market Report In Our Communities

Author: FSOGB Admin

Categories: Market Report,Our Community,Real Estate News

A look back at August 2020 compared to July 2020 and why it’s a great time to list your Property for Sale.

What a great Summer we had on Georgian Bay, but where did it go? Let’s hope for some warm and sunny Fall weather over the coming weeks. As quickly as summer flew by, the housing market continued to gather pace too.

The housing market has continued to rebound during Covid 19 and July saw large increases across the board compared year over year. This trend has continued into August and we’ve actually seen, on average a 18.3% raise in the amount of home sales in Midland, Penetanguishene, Tiny Township and Tay Township.

During August, buyers were flocking towards Tay Township where we saw a remarkable 285% increase in the number of homes sold compared to July. Tiny Township proved to be the most popular community among buyers as 39 sales were recorded in August.

It’s not just the amount of homes that has risen, house prices are also going up. The sale price of Homes in August 2020 has increased, on average 1.3% between Midland, Penetanguishene, Tiny and Tay. Although a modest increase across our communities combined, in Penetanguishene, we saw the average sale price rise 16.9% to $529,445 in August.

Whilst the number of homes and the sale price have both risen, we are still seeing a shortage of inventory on the market. Bearing in mind that despite there being fewer homes available, there has been an increase in Sale Price and Homes Sold – this means that it’s a GREAT time to list your property for sale.

Lower inventory and motivated buyers drives the prices of property up and right now, we have both in our community. Now is the perfect time to list your property for sale with For Sale On Georgian Bay.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of September 17, 2020, data gathered by the Ontario Collective based on August 2020 vs July 2020.

Aug 21 No Comments

Market Report In Our Communities

Author: FSOGB Admin

Categories: Market Report,Our Community,Real Estate News

A look back at July 2020 compared to July 2019 and why it’s a great time to list your Property for Sale.

As those summer nights are slowly drawing shorter, we all start to look forward and plan the rest of the year. There’s lots going on, things are returning to normal more and more everyday, the kids will be going back to school before we know it.

Despite everything going on, the housing market has continued to rebound during Covid 19 and we’ve actually seen, on average a 28.9% raise in the amount of home sales in Midland, Penetanguishene, Tiny Township and Tay Township. Looking back at July 2019, there were significant raises across our area in the number of homes being sold in July 2020, Penetanguishene alone saw a 50% raise.

It’s not just the amount of homes that has risen, house prices are also going up. The sale price of Homes in July 2020 has increased, on average 25% between Midland, Penetanguishene, Tiny and Tay. Homes in Midland have risen to on average $493,539 as a final sale price.

Whilst the number of homes and the sale price have both risen, there has been a dramatic decrease for inventory in our Community at -39.6%. Bearing in mind that despite there being fewer homes available, there has been an increase in Sale Price and Homes Sold – this means that it’s a GREAT time to list your property for sale.

Lower inventory and motivated buyers drives the prices of property up and right now, we have both in our community. Now is the perfect time to list your property for sale with For Sale On Georgian Bay.

Trust your local experts to guide you through the process and take advantage of the current market. Ask us about our FREE Home Market Analysis to determine exactly how much your Home is worth in today’s Market.

All data correct as of August 2, 2020, data gathered by the Ontario Collective based on July 2019 vs July 2020.

Jul 12 No Comments

Toronto Home Prices In June Exceed Pre Covid Levels

Author: Robert

Categories: Real Estate News

We like to keep our finger on the pulse of what is happening in the GTA so that we can be prepared for when those trends filter north and all the way to Georgian Bay.

The Toronto Region housing market recovered considerably in June following a significant slowdown due to COVID-19. As cases started to decline across the province and the economy began to open up, more buyers and sellers jumped off the sidelines and returned to the market, kickstarting sales recovery. Similarly, average home prices continued on a steady upward trajectory, lapping February 2020 levels. This is significant as February was the last full month before COVID-19 health and safety measures were introduced.

TREB noted there were 8,701 home sales across the Toronto Region in June – representing a striking 89% increase since May. Compared to February 2020, home sales across the Toronto Region grew 20%. New listings picked up across the region in June and exceeded June 2019 levels by 2%. New listing growth was significant on a m-o-m basis as well, with a 77% increase, and grew 52% since February.

So what does this mean for you? Based on the recent traction we are seeing in the market, although demand is not quite at pre-emergency levels, it certainly feels as though we are heading back in that direction. Inventory is growing again in the Southern Georgian Bay region and the demand for property is growly at a daily rate, especially as those looking to move north are selling their GTA properties.

Your best bet at staying informed is always to reach out to Adam, Eric or Kelly.

Jun 20 No Comments

What’s Re-opening in our Communities?

Author: Robert

Categories: Our Community

As we all slowly begin to re-open across our region and try and resume normal life, we thought it would be helpful to share what is open and what restrictions are in place – so that we can all enjoy everything Georgian Bay has to offer.

AREA ATTRACTIONS

Balm Beach Go Karts: Open Saturdays and Sundays 11AM to 7PM, weather permitting for go-karting.

Elmvale Jungle Zoo: Now open (weather permitting), but visitors must reserve a timeslot from their website. Payments will be made at Admissions (Debit/Credit/Cash) and not online.

Huronia Museum: Now open, however the outdoor pre-contact Ouendat village remains closed. Visitor bubbles of up to 6 people will be allowed entry every 30 minutes. You can pre-book a timeslot or walk-ins can wait for the next available timeslot.

Rounds Ranch: Now open. Tickets can be purchased online or onsite by debit or credit. All patrons must stay one horse away from each other. Masks are encouraged but not required. To learn more about safety protocols, visit their website.

Skydive Wasaga Beach: Now open, with special safety protocols in place. Make your reservation online.
TreeTop Trekking at Horseshoe Resort: Open for reduced capacity. Visitors must reserve their timeslot online before arriving. Check their website for safety protocols and what to expect.

Wasaga Beach Adventure Park: Open Wednesday to Saturday for axe throwing, laser tag, archery tag, paintball and airsoft. All activities are outdoors. No spectators permitted at this time. Online booking available on their website.

Wye Marsh Wildlife Centre: Now open. Please respect one way trails at entry and exit points. Admission will be by donation in the parking lot. There is access to portable washrooms, but the Center remains closed to the public.

ONTARIO PARKS CAMPGROUNDS

Starting June 22, all other Ontario Parks campgrounds in regions entering Phase 2 will gradually open. Please consult the Ontario Parks website to see which parks are open and what amenities are available. Roofed accommodations (e.g., yurts, cabins and lodges, where available), park store and rental operations, visitor centers, and sports fields will be phased in over the next several weeks.

Facilities such as showers, laundry, group camping, picnic shelter rentals and swimming pools will remain closed for the rest of the 2020 season.

PRIVATE CAMPGROUNDS

Please contact private campgrounds prior to visiting. New booking and reservations may be required.

OUTDOOR SPLASH PADS & POOLS

Water recreational facilities such as outdoor splash pads and wading pools, and all swimming pools are able to open.

DRIVE-INS

Drive-in and drive-through venues for theatres, concerts, animal attractions and cultural appreciation are able to open.

Sunset Barrie: Purchase your tickets online only. NO tickets will be sold at the box office.

GOLF

As of May 16th, Simcoe County golf courses are able to open. Please contact your golf course of choice for details on safety protocols.

Jun 07 No Comments

Changes To Insurance Criteria, Starting July 1st

Author: Robert

Categories: Real Estate News

On Thursday, June 4 2020, Canada Mortgage and Housing Corporation (CMHC) announced new, tighter mortgage borrowing criteria that will apply to all insurance applications beginning July 1, 2020. CMHC is Canada’s largest mortgage insurer and offers mortgage default insurance to property buyers to ensure lenders are protected in the event that borrowers fail to pay their mortgages. Mortgage default insurance is mandatory for high ratio mortgages, which are mortgages where the down payment is between 5% and 19.99%.

CMHC cited the impact of COVID on several sectors of the economy and its recent 12 month forecast on home price declines as the key factors in its decision to change its underwriting criteria. According to CMHC President and CEO, Evan Siddall, these changes will “protect home buyers, reduce government and taxpayer risk and support the stability of housing markets while curtailing excessive demand and unsustainable house price growth.”

So what does this mean for you? It means that an applicant must now have Higher Credit Scores, Lower Debt Service Ratios, and Limit Down Payments from Non-Traditional Sources.

May 07 No Comments

Launching ForSaleOnGeorgianBay.ca!

Author: Robert

Categories: News From Our Office

Today is a very happy day for us and we couldn’t be more excited to have you along for the ride! Eric Beutler, Adam Edge and Kelly Earle come together with decades of Experience and a fresh approach to the Real Estate Market. With deep routed connections in all of our communities, we couldn’t be happier to serve Midland, Barrie, Penetanguishene, Tiny, Tay and all the surrounding areas of Georgian Bay.

Our mission at ForSaleOnGeorgianBay.ca is to empower our communities with information to help them make smart Real Estate decisions. Eric, Adam and Kelly are dedicated to helping homeowners, buyers, sellers, renters, commercial prospects and other agents find and share information about homes, real estate and our community.

May 07 No Comments

3 Tips For The Ultimate Virtual Meeting

Author: Robert

Categories: Tips And Tricks

2020 will go down as the year virtual meetings take center stage. As concerns over COVID-19 continue, we are all reevaluating how to conduct business in a virtual world.

Executed well, virtual meetings can enable us all to collaborate, solve problems, and get work done as a normal. Inefficient meetings, however, become a waste of time and nobody wants that!

If you’re looking to sell your home during this time of social distancing, with the need to discuss many topics with local service providers, then you’re going to become a pro at virtual meetings! Here’s 3 tips we’ve compiled to set you on your way.

Have A Plan
Just like any regular meeting, you’re going to need to approach the meeting with a plan. Make sure you’re prepared to be on time, have relevant documents on hand, something to take notes and a list of questions to ask your agent.
Test Your Environment
When it comes to virtual meetings, there can be many hurdles, especially if you’re not used to conducting yourself in this manner. Make sure that you check your device is ready to host a meeting – is it charged or plugged in to a power source? Do you have a stable internet connection? Do you have the right software on your device or need an access code? Finally, remember to test the physical environment for your meeting. You need to have a well lit area, but don’t put direct sunlight behind you. You’ll also want to make sure that there isn’t obtrusive ambient noise.
Meet Face to Face
Ensure that every member at the virtual meeting can see one another. 55% of communication is body language, while another 38% is tone of voice, according to research. Meeting face-to-face on video is much more personal than meeting with a disembodied voice on the phone, and it helps build more of a rapport with your agent too. It also allows participants to pick up on body language and cues, such as when someone has finished speaking or if they are just taking a pause.

These are 3 easy steps to set you on your way to having a great virtual meeting. We can’t wait to see you…. virtually, soon! Get in touch to arrange your virtual meeting with Eric, Adam or Kelly.

May 07 No Comments

Selling Your Home During Covid-19

Author: Robert

Categories: Real Estate News

Recently, Real Estate was deemed an essential service by the government… Shelter is a necessity for people. Many sellers have decided to wait until this pandemic has died down. However, we know that often, selling a home is something that can not be delayed; whether it is because you have already purchased another home, a job transfer, changes in the family or some other reason.

“However, we know that often, selling a home is something that can not be delayed”

If you need to sell your home during covid-19, Eric, Adam and Kelly at ForSaleOnGeorgianBay.ca are here for you. We are doing things digitally and remotely as much as possible. Our professional photos, and video tours will keep in-person showings to a minimum, (to only serious pre-approved buyers). REALTORS® who show homes now are following protocols mandated by the Southern Georgian Bay Real Estate Association.

We’re doing things a little differently right now…

If you would like to WAIT to list your house we can help you with that too. We are happy to do pre-listing consultations, and let you know the steps you should take when you are considering selling.

Fill out the form below and we’ll get back to you to arrange a virtual meeting.

August Market Report In Our Communities

Market Report In Our Communities

Toronto Home Prices In June Exceed Pre Covid Levels

What’s Re-opening in our Communities?

AREA ATTRACTIONS

ONTARIO PARKS CAMPGROUNDS

PRIVATE CAMPGROUNDS

OUTDOOR SPLASH PADS & POOLS

DRIVE-INS

GOLF

Changes To Insurance Criteria, Starting July 1st

Launching ForSaleOnGeorgianBay.ca!

3 Tips For The Ultimate Virtual Meeting

Selling Your Home During Covid-19

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