Collingwood, ON Real Estate News

By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
Do you remember riding the escalator in the middle of Woolworth's in Collingwood?  Today in its place, you'll find the Admiral Building which is home to a flagship LCBO along with other shops and services.  In the 18 plus years that I've been practicing real estate, just about everything has changed.Back then, we typed offers using carbon paper for copies and white-out to make corrections.  Our daily MLS® data came from paper spewed out from a little ticker-type box.  We'd copy, cut and paste listings and pop them in the mail to be received a week or so later by our out-of-area clients.  Actually, we didn't really have Buyer clients in those days.  Our job was to almost always represent Sellers since Buyer Agency was unheard of.  Offers were usually presented in person as we drove hours...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
I've just spent the last hour or so scratching my head over economic theories.  The rules I was taught says that when supply exceeds demand, prices go down and when demand exceeds supply, prices go up.  Nope.  Not so.  Not true.  Not in our area anyway.The first quarter of 2008 is already complete (where in the heck did that time go?) and the stats are in.  Here are some highlights from the residential market data taken from our Georgian Triangle (Ontario) Real Estate Board Multiple Listings System (MLS®) data:ListingsThe number of residential listings in the Georgian Triangle areas as a whole is up 32% from last month with 252 new listings registered.  This is down 12% from March 2007.SalesThe number of residential sales in March was up 15% over the previous month with 98 properties so...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
South Georgian Bay is home to many condominium communities and some of the more established ones are located on the western edge of Collingwood.  While there are literally thousands of new ones planned or already underway, some of the old projects are still tried and true offering buyers great value for their dollar.   One such development is Rupert's Landing which was built by Rupert Bronsdon between 1986 and 1989.  It's situated on 18 acres of waterfront with a total of 207 units:  156 town home styled units and 51 apartment units in "the tower."  The town homes are one and two level summer and ski condo designs although in recent years, more and more people have been moving into these units as full-time, permanent residents. One of the things I find interesting about Rupert's is that...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
 In Part 1, we looked at the general considerations you might want to think about before deciding if you are ready to build your own home.  Here, we'll look at some of the land and site preparation considerations and costs. First you need to find a suitable piece of vacant land which might be in-town or may be in the country.  Once you have that general idea and have selected a potential location, there are, as a minimum, many questions you need to find answers for such as:  What is the zoning on the property and what are the zoning provisions?  These are things like what uses are permitted, what are the required set back allowances, maximum or minimum frontages, buildings, etc.  This is very important!Are building permits readily available?Is the property under the jurisdiction of othe...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
Last Monday, Garth Turner's new book, Greater Fool:  The Troubled Future of Real Estate, came out in bookstores across Canada.  It got him some pretty good media coverage which is not a bad thing for a politician potentially facing an election this year.  Way to go Garth!This former business editor and infomercial guy has a penchant for making predictions but so far, he's almost always been wrong.  Like in 1987 when he predicted a real estate recession was at hand.  Interestingly, in an article in last weeks Toronto Star, it says,"... try to find a respected Canadian economist who buys into Turner's pessimism.  People at the University of Toronto's economics department, the Ivey School of Business at the University of Western Ontario and University of British Columbia's Centre for Urban...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
Some days I feel like the Georgian Triangle is the most expensive area in the province and on other days, not so much.  It varies depending on whom I'm dealing with that day and what it is that I'm viewing, appraising, listing or looking for.  Is there a way to really know how real estate in the Collingwood and Blue Mountain areas compare to other places?Last week, Canada Mortgage and Housing Corporation (CMHC) released their "Housing Now" report   which provided a picture of the residential housing market in Ontario.  As a bit of statistics junky, I've always found this particular report to be of value to me in my role as both a REALTOR® and a Market Value Appraiser (MVA). When looking at our real estate board MLS® statistics for the local Georgian Triangle Real Estate Board, I get use...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
There is a magical place in Collingwood and it's one of the towns best kept secrets.It's called the Magic of Children Art Gallery and as far as we know, it is the only child centered art gallery in Ontario.  Founded by a local artist, the Magic of Children started with shows over 14 years ago.   I can remember when my own children had their artwork displayed in a "Magic" show in the library over a decade ago.  Seeing their art on public display encourages the creativity in children and promotes self esteem.  Can you imagine how a young person might feel to see their very own works framed and hung in a gallery?Last year, a local business family, the Saunders, donated second floor space above their retail store to the Magic of Children organization so they could establish an art gallery. ...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
The year is starting out strong here in the Georgian Triangle.Sales for January 2008 are up 17% over the same month a year ago and this is the part where I say, "Whew" since so far, my predictions are holding.  Here are some quick MLS® statistics from the Georgian Triangle Real Estate Board for January.  (The numbers in brackets are from January 2007.)Number of Properties Listed For Sale: 415 (396)Number of Properties Sold:   107   (91)Number of Expired Listings:   200 (196)Sale Prices:$100,000 - 200,000    38 (29)$200,000 - $300,000    34 (33)$300,000 - $500,000    18 (16)$500,000 - 999,999      6   (6)$1,000,000+       2   (3)  On top of this, Wiarton Willie claims spring is just around the corner heralding an early spring market with further interest rate decreases too. That news mad...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
Let's face it, at this point in the year, predicting sales trends is like predicting the winner of a horse race.  Nonetheless. with just three weeks having passed since we left the post, it's fun to see which areas are off to the fastest start.As a reminder, the Georgian Triangle area includes Collingwood, Wasaga Beach, Clearview, Town of the Blue Mountains, Meaford and Grey Highlands and, all MLS® data and/or statistics have been obtained only from the Georgian Triangle Real Estate Board.As of January 18th,  there have been six condo units sold in the Georgian Triangle in 2008 which is exactly how many had sold at this point in 2007.  The surprise though is in single family homes which are up about 40% with 42 homes sold on the Multiple Listings Service (MLS®)  versus 30 at the same ti...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
Although everyone predicted a "soft landing" and somewhat slower pace for 2007, the year ended with record sales numbers across the country including in our South Georgian Bay market.  In addition to resale figures, there have been a large number of new home sales in our region and the trend would appear to be far from over.  According to numbers recently supplied by local Town planners, there are applications in place for hundreds of developments representing close to 18,000 new units!  It appears that about 70% of these are for condominiums and 30% for single family homes.  That is an astounding number.  Please note that all of the following data comes from the Multiple Listing Service (MLS®) of the Georgian Triangle Real Estate Board which generally reflects resale values and statist...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
 With the snowfall and cold temperatures, Blue Mountain opened this week-end with four trails and two lifts open today.  After such a miserable and late start to the season last year, everyone is rejoicing this year and looking forward to a strong season.  For current conditions, check out the Blue Mountain website or take a look at the webcam for the latest.  By the way, 5 x 7 passes are still available in a limited quantity for $219.00 plus GST.
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
The October MLS® statistics are in from the Georgian Triangle Real Estate Board and there were a few surprises.  Typically, sales numbers drop off a little after the end of August however, this year, the number of sales climbed to 200 units for the month which is up from the 168 sales posted in September.  Of the 200 sales last month, 164 of them were residential with the balance made up of sales of farms, vacant land and commercial properties.In the residential sector, 43% of the sales were in the $150,000 to $250,000 price band with another 21% in the $250,000 to $350,000 range.  There were only two sales over the $750,000 mark in October compared to 15 in October 2006.Overall, the number of sales in October was up 20% over October 2006 and, the number of listings was up 18%.  The tot...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
One of my favourite places in Collingwood has to be Harbourlands Park.  It is located at the end of the "spit" leading to the majestic Collingwood Terminals grain elevators near the foot of the main street.  There are beautiful walkways and gardens including a memorial walk paying tribute to the many shipyard workers who worked in the Collingwood Shipyards which closed in 1986 after 100 years of operation in the community.  A yacht club is home to local sailing ships that grace the waters and recently, the original Watts Skiff building  was located to the area.Whenever I need a reminder of the fact that I live in one of the most beautiful towns in the country, this is where I go.  On a sunny day, the kids are jumping off the pier to swim.  At night, there is no better place to watch a t...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
With the third quarter of 2007 now over, a review of the MLS® statistics from the Georgian Triangle Real Estate Board for the first nine months of 2007 are in and sales volumes continue to exceed 2006 levels marginally as expected. After a slower than normal start to the year from January to March, sales activity climbed steadily through the spring and summer with the number of unit sales now up about 9% over last year with a total dollar volume value up by about 15% overall. While the number of expired listings (properties that did not sell during their listing period) are up by about 7%, the total number of properties listed for sale so far this year is also up by about 6% over 2006 YTD.  A key indicator is in the sales to listing ratio; that is the number of properties sold versus th...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
Real estate hunting that is.  As many of our Collingwood and area real estate buyer clients come from outside of the area, they often book a hotel for a night of two during their house hunting trips.  Well, good news!  Booking accommodation in South Georgian Bay just got easier.  The innovative folks at mycollingwood.ca have just launched a new online reservation system for the South Georgian Bay area that makes booking as simple as clicking your mouse.  In her article describing the new service, mycollingwood.ca partner Julie Card states that, "Stay by the Bay is available for your convenience any time night or day and represents a wide range of accommodation types including Resorts, Hotels, Motels, Chalets and Country Inns. The system has been designed to allow the user to easily comp...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
If you are looking for a date or a partner in life, maybe you should move to Collingwood.  O.K., I'll concede that most people looking for a community to relocate to don't consider marital statistics when they shop for real estate but none-the-less, this is kind of interesting stuff.According to an article in last Friday's Collingwood Connection newspaper, Collingwood is the singles capital of our region. The article reported on Census data found in the now released 2006 Stats Can Community Profiles but to be fair, the data doesn't yet cover some of the towns in our area.  I suspect thought that their conclusion will still be correct.The profile for Collingwood reveals that it is the most heavily populated town in the Georgian Triangle with a population of 17,290 people; an increase of ...
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
It's Labour Day and next week, the kids head back to school.  Within two weeks, the fall colours will start a magnificent show and the fairs will be upon us.  But not today.  It's a beautiful, sunny and warm day when everyone is out enjoying the last days of summer.  One of the favourite past times of the local teens is jumping into Georgian Bay from the pier at Collingwood's Harbourlands Park and today, I was lucky enough to catch a few in action.Mr. Cannonball says to be sure and tell you that his name is Steve and he's "totally awesome, dude!"
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By Marg Scheben, Edey - Collingwood, Ontario
(RE/MAX four seasons realty limited)
The MLS® statistics from the Georgian Triangle Real Estate Board for the first eight months of 2007 are in and sales volumes continue to exceed 2006 levels as expected. After a slower than normal start to the year from January to March, sales activity climbed steadily through the spring and summer with the number of unit sales now up more than 13% over last year with the total dollar volume values up more than 17% overall. While the number of expired listings (properties that did not sell during their listing period) are up by about 10%, the total number of properties listed for sale so far this year is almost equal to 2006. A key indicator to watch is the sales to listing ratio; that is the number of properties sold versus the number listed. A ratio below 40% is considered a buyer's ma...
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