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Parry Sound Real Estate Reflections and Projections

February 11, 2021

Parry Sound – The year 2020 left almost every industry reeling from unprecedented change in response to the pandemic. Real estate was especially impacted as buyer demand for more green space and a desire to relocate to regions outside of the GTA, including cottage country, skyrocketed.

“The market was quite feverish throughout the areas of Parry Sound, Muskoka, Haliburton and Orillia,” says Chuck Murney, president of The Lakelands Association of Realtors® Board of Directors. “Across all regions, the number of sales rose an average of 21 percent. We saw a 42 percent increase in waterfront property sales, and the average sale price jumped 27 percent.”

The association represents over 800 realtors® in these four regions – all offer the wide-open spaces, larger properties and access to nature that people were seeking, in most cases only a couple of hours away from the GTA.

In Parry Sound, the number of waterfront sales increased by approximately 35 percent between 2019 and 2020. The number of non-waterfront sales has risen by approximately 14 percent.

Prices have risen as well, as even the most casual observer has likely noticed, with waterfront and non-waterfront properties going up by approximately 24 percent and 18 percent, respectively.

Looking ahead to the coming year Murney predicts that the relocation trend will continue. “The investment in cottage country properties will continue to push the market higher throughout 2021, affected by a desire to escape urban centres coupled with a severe lack of properties for sale.”

Murney isn’t certain that last year’s surge in sales, driven by cottagers cashing in on rising property values, will continue. “It is hard to say whether we will have the same bump in available properties which could make 2021 an even tighter market than 2020.”

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Crystal Henderson, CRAE, e-PRO®
Executive Director
The Lakelands Association of REALTORS®
34 Cairns Cres.| Huntsville, ON P1H 1Y3
705-788-1504 x 222
chenderson@thelakelands.ca

Muskoka Real Estate Reflections and Projections

February 11, 2021

Huntsville – The year 2020 left almost every industry reeling from unprecedented change in response to the pandemic. Real estate was especially impacted as buyer demand for more green space and a desire to relocate to regions outside of the GTA, including cottage country, skyrocketed.

“The market was quite feverish throughout the Parry Sound, Muskoka, Haliburton and Orillia,” says Chuck Murney, president of The Lakelands Association of Realtors® Board of Directors. “Across all regions, averages went up. The average number of sales rose 21 percent. We saw a 42 percent increase in waterfront properties sales, and the average sale price jumped 27 percent.”

The association represents over 800 realtors® in these four regions – all offer the wide-open spaces, larger properties and access to nature that people were seeking, in most cases only a couple of hours away from the GTA.

In Muskoka the number of waterfront seeds increased by approximately 50 percent between 2019 and 2020. The number of non-waterfront sales rose by approximately 13 percent.

Prices went up significantly well, as even the most casual observer has likely noticed, with waterfront and non-waterfront properties going up by approximately 25 percent and 20 percent, respectively.

Heather Scott, a local realtor® who represents the Muskoka region on the Lakelands Association Board of Directors observed the spike firsthand. “Demand for second homes and cottages in Muskoka skyrocketed in 2020,” she says. “We don’t see this trend changing in 2021. Buyers are making decisions for the future and they want more space, more elbow room, so to speak.”

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Crystal Henderson, CRAE, e-PRO®
Executive Director
The Lakelands Association of REALTORS®
34 Cairns Cres.| Huntsville, ON P1H 1Y3
705-788-1504 x 222
chenderson@thelakelands.ca

Haliburton Real Estate Reflections and Projections

February 11, 2021

Haliburton – The year 2020 left almost every industry reeling from unprecedented change in response to the pandemic. Real estate was especially impacted as buyer demand for more green space and a desire to relocate to regions outside of the GTA, including cottage country, skyrocketed.

“The market was quite feverish throughout the Parry Sound, Muskoka, Haliburton and Orillia,” says Chuck Murney, president of The Lakelands Association of Realtors® Board of Directors. “Across all regions, averages went up. The average number of sales rose 21 percent. We saw a 42 percent increase in waterfront properties sales, and the average sale price jumped 27 percent.”

The association represents over 800 realtors® in these four regions – all offer the wide-open spaces, larger properties and access to nature that people were seeking, in most cases only a couple of hours away from the GTA.

Andrew Hodgson – a broker of record who represents the Haliburton region on the association board saw the shift firsthand. “All sectors saw incredible growth as people flocked to Haliburton County as a place to live and work,” he says.  “Haliburton County experienced an incredible year for real estate in 2020.  After losing the spring market, we more than made up for it with a 40 percent increase in sales volume for waterfront properties and 32 percent increase in sales volume for non-waterfront.”

Looking ahead to how 2021 will turn out, Hodgson predicts that the demand will only continue given the appeal of the region. “I see another very active market, especially in the spring.  We have the perfect community to attract people looking for a part-time or a permanent home.  The trend of leaving urban areas, working from home, boomers relocating and downsizing, have all set us up for a very positive short- and long-term future.”

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Crystal Henderson, CRAE, e-PRO®
Executive Director
The Lakelands Association of REALTORS®
34 Cairns Cres.| Huntsville, ON P1H 1Y3
705-788-1504 x 222
chenderson@thelakelands.ca

Orillia Real Estate Reflections and Projections

February 11, 2021

Orillia – The year 2020 left almost every industry reeling from unprecedented change in response to the pandemic. Real estate was especially impacted as buyer demand for more green space and a desire to relocate to regions outside of the GTA, including cottage country, skyrocketed.

“The market was quite feverish throughout the Parry Sound, Muskoka, Haliburton and Orillia,” says Chuck Murney, president of The Lakelands Association of Realtors® Board of Directors. “Across all regions, averages went up. The average number of sales rose 21 percent. We saw a 42 percent increase in waterfront properties sales, and the average sale price jumped 27 percent.”

The association represents over 800 realtors® in these four regions – all offer the wide-open spaces, larger properties and access to nature that people were seeking, in most cases only a couple of hours away from the GTA.

D’Arcy Hunt, a real estate broker who represents the Orillia region, and is president-elect on the association board experienced the surge firsthand.  “The Sunshine City and its neighbouring townships of Oro-Medonte, Ramara and Severn experienced unprecedented growth as people migrated to the area as a place to live and work,” says Hunt. “Simcoe County experienced an incredible year for real estate in 2020.  The City of Orillia, which is ideally located on a major highway and just over an hour to Toronto, saw the average home price increase by 28 percent.”

Looking ahead to how 2021 will compare to 2020, Hunt predicts that these trends will continue because of a lack of housing supply in the market and strong demand from local residents as well as those relocating from the GTA. In January, he says that most properties in the region had multiple offers and homes sold for approximately $50,000 – $100,000 over the asking price. “Orillia has all the amenities and the geographic location that attracts people looking for a seasonal or permanent home.  In addition to the trend of people leaving high-density living and being able to work from home, millennials are entering the housing market and boomers are retiring and downsizing, our local market is set up for a very positive short- and long-term future.”

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Crystal Henderson, CRAE, e-PRO®
Executive Director
The Lakelands Association of REALTORS®
34 Cairns Cres.| Huntsville, ON P1H 1Y3
705-788-1504 x 222
chenderson@thelakelands.ca

 

Lakelands Association of Realtors® Donate to Local Shelter-Based Charities

December 4, 2020

Huntsville – The Lakelands Association of REALTORS® is continuing its tradition of supporting local shelter-based charities, donating a total of $21,704 to organizations in the regions they serve: Muskoka Women’s Advocacy Group (Bracebridge/Huntsville); H.E.R.S Emergency Rural Safe Space Women’s Shelter (Haliburton); Esprit Place Women’s Shelter (Parry Sound); Lighthouse Shelter/Community Kitchen (Orillia); and the United Way (Simcoe Muskoka). The donations were announced during REALTORS Care® Week- a national initiative held November 23 -27. In response to the upheaval of COVID-19, focus of this year’s initiative was homelessness.

“The pandemic has had made difficult lives even harder,” says Chuck Murney, president of the Lakelands Association of REALTOR® Board of Directors. “Our organization believes in supporting the communities in which we work. These donations reflect our organization’s principles about access to safety, food and a roof over your head.”

Several of the charities the association is supporting provide a haven for women and children. Shelter Voices – a recent national survey by Women’s Shelters Canada – has shed some light on women fleeing violence during the COVID-19 pandemic. Those turning to shelters are reporting more violence that is also increasing in severity.

“It has been a tremendously challenging year for those we serve,” says Kim Dolan, Executive Director, YWCA Peterborough Haliburton. “Now, more than ever, organizations like ours really need this kind of support, from individuals and organizations like The Lakelands Association of Realtors. On behalf of the women and children we support at our Haliburton Emergency Rural Safe Space (HERS) as well as the counselling and support programs at the Women’s Centre, we are deeply grateful for their support.”

Members of the association also attended a virtual conference about homelessness on November 24 as part of REALTORS Care® Week.
“Our profession is about more than buying and selling homes,” says Murney. “It’s about giving back and demonstrating our values in meaningful ways.”

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CONTACT
Crystal Henderson, Executive Director, The Lakelands Association of REALTORS®
705-788-1504 x 222

  • PARRY SOUND
  • MUSKOKA
  • HALIBURTON
  • ORILLIA