Local REALTORS® with The Lakelands Association of REALTORS® go above and beyond to give back to their communities. Not only do they help families find the perfect home using their expertise and knowledge of the local area, but they also contribute financially to ensure those in need in our communities are supported.

In 2022, our REALTOR® members contributed $93,191 to support those in need:

• Every REALTOR® Campaign $37,464
  Supports local shelter-based charitable organizations
• The Lakelands Annual Turkey Challenge $37,825
  Provides meals to families in need in our communities through local charities
• Tragic Relief Fund to local Food Banks $10,000
  Allocated to environmental, health, humanitarian, or natural disasters
• Content Auction to Sell Buildings (one-time) to local Food Banks $5,402
  Sold contents of our Collingwood and Huntsville buildings in preparation to go virtual
• REALTORS Care® Motorcycle Ride $500
  Ontario REALTORS Care® Foundation, which supports local shelter-based charitable organizations
• British Columbia Floods $2,000
  Supports those in need affected by the 2022 floods

Please see here for a breakdown of individual recipients.

A huge thank you goes out to our 1,600+ REALTOR® members for opening their hearts last year. Their dedication, and undeniable willingness to help allows the association to continue to raise and contribute on their behalf.

Find a local REALTOR® here.

The Lakelands Association of REALTORS® represents more than 1,550 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as Towns of Midland and Penetanguishene, and the Townships of Tay and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offers a unique blend of properties ranging from residential homes to smaller towns and the rural areas in between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 190 units in December 2022. This was down sharply by 38.3% from the same period in 2021.

Residential non-waterfront sales were 29.1% below the five-year average and 26.4% below the 10-year average for the month of December.

On an annual basis, residential non-waterfront sales totaled 4,634 units over the course of 2022. This was a substantial decline of 34.4% from 2021.

Sales of waterfront properties numbered 25 units in December 2022. This was down sharply by 51% from the same period in 2021.

Waterfront sales were 46.6% below the five-year average and 48.6% below the 10-year average for the month of December.
On an annual basis, waterfront sales totaled 1,170 units over the course of 2022. This was a substantial decline of 45.9% from 2021.

“Sales of both waterfront and non-waterfront properties affected totals for 2022 in the second half of the year. Identifying any turning points in demand or supply will be difficult as we move through the lower-volume months of winter. Going into the end of 2022 there were signs of an emerging rebound in sales activity – not one that would put us back on a path to reach the heights of the past two years but one that could get us back to a more normal market, historically speaking.” The Annual Non-waterfront sector was at its lowest annual level since 2012 while waterfront activity dropped to its lowest levels since 2008,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $676,400 in December 2022, a decrease of 5% compared to December 2021.

The benchmark price for single-family homes was $697,700, a moderate decrease of 5.6% on a year-over-year basis in December. By comparison, the benchmark price for townhouse/row units was $605,600, increasing by 4.2% compared to a year earlier, while the benchmark apartment price was $464,500, a modest gain of 1.4% from year-ago levels.

The median price for residential non-waterfront property sales in December 2022 was $682,000, a small reduction of 2.8% from December 2021.

The more comprehensive annual residential non-waterfront median price was $720,000, increasing by 10.3% from all of 2021.

The median price for waterfront property sales in December 2022 was $780,000, a large decline of 18.4% from December 2021.

The more comprehensive annual waterfront median price was $985,000, increasing by 8.2% from all of 2021.

The total dollar value of all residential non-waterfront sales in December 2022 was $149 million, a sharp decrease of 42.1% from the same month in 2021.

The total dollar value of all waterfront sales in December 2022 was $24.2 million, down sharply by 61.6% from the same month in 2021.

Provided by:

Matthew Lidbetter, President
The Lakelands Association of REALTORS®

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.

Local REALTORS® with The Lakelands Association of REALTORS® once again generously donated to provide families in our communities with a meal this holiday season. This year we saw the need for support in our communities increase as the effects of the pandemic remained and inflation significantly increased grocery prices. We are proud of our local REALTORS® and Brokerages for keeping this important fundraiser alive for over 20 years.

Each year our REALTOR® members support housing and shelter-related charities in our communities for REALTORS Care® Week. Housing and shelter-related charities includes refuge, haven or protection that provides or improves the quality of life from hunger, elements, physical/psychological abuse, disabilities, and illness.

In support of REALTORS Care® Week, The Lakelands Association of REALTORS® once again launched their Annual Turkey Challenge, which encourages their members to contribute $25 donations which are exchanged for grocery vouchers, placed in Christmas hampers by our local charities, and distributed to families in need in our communities to use as they see fit. This year, 1,488 families in our communities will enjoy a festive meal this holiday season.

A huge thank you to all our members and brokerages for their support, as well as our local charities that will now carry out the contributions.
REALTORS® have the opportunity, beyond real estate transactions, to make a difference in our communities every day, therefore we are proud of our members for showing support during this elevated difficult time.

—

The Lakelands Association of REALTORS® represents more than 1,600 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offering a unique blend of properties ranging from residential homes to smaller towns and the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 318 units in November 2022. This was a substantial reduction of 34.4% from the same period in 2021.

Residential non-waterfront sales were 26.1% below the five-year average and 23.6% below the 10-year average for the month of November.

On a year-to-date basis, residential non-waterfront sales totaled 4,444 units over the first 11 months of the year. This was a sharp decrease of 34.3% from the same period in 2021.

Sales of waterfront properties numbered 61 units in November 2022. This was a substantial reduction of 39.6% from the same period in 2021.

Waterfront sales were 38.3% below the five-year average and 37.8% below the 10-year average for the month of November.

On a year-to-date basis, waterfront sales totaled 1,147 units over the first 11 months of the year. This was a sharp decrease of 45.9% from the same period in 2021.

“Sales both waterfront and non-waterfront homes continued running at below-average levels in November and will likely continue to do so into early 2023 as buyers adjusted to a higher interest rate environment and sellers continue to adjust their pricing expectations,” said Chuck Murney, President of the Lakelands Association of REALTORS®. “Looking through the monthly seasonality we are actually seeing a promising upward trend since reaching bottom in July. It’s very unlikely that we’ll return to anywhere near the highs of the past two years but possible that by the midpoint of 2023 we could be approaching more normal historical levels, barring any further unforeseen developments. Supply is plentiful and the market balance is tilted slightly in favour of buyers at the moment, so we should begin seeing sidelined participants re-enter the market early next year.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $682,700 in November 2022, falling by 2.5% compared to November 2021.

The benchmark price for single-family homes was $703,600, a modest decline of 3% on a year-over-year basis in November. By comparison, the benchmark price for townhouse/row units was $607,300, up modestly by 3.4% compared to a year earlier, while the benchmark apartment price was $477,300, an increase of 5.8% from year-ago levels.

The median price for residential non-waterfront property sales in November 2022 was $641,700, down by 8.3% from November 2021.

The more comprehensive year-to-date residential non-waterfront median price was $720,000, an increase of 10.6% from the first 11 months of 2021.

The median price for waterfront property sales in November 2022 was $722,000, down sharply by 16% from November 2021.

The more comprehensive year-to-date waterfront median price was $999,000, an increase of 9.4% from the first 11 months of 2021.

The total dollar value of all residential non-waterfront sales in November 2022 was $248.1 million, a big decline of 35% from the same month in 2021.

The total dollar value of all waterfront sales in November 2022 was $59.8 million, a substantial reduction of 42.2% from the same month in 2021.

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 376 units in October 2022. This was down by 32.3% from the same period in 2021.

Residential non-waterfront sales were 32.4% below the five-year average and 29.4% below the 10-year average for the month of October.
On a year-to-date basis, residential non-waterfront sales totaled 4,123 units over the first 10 months of the year. This was a large decline of 34.3% from the same period in 2021.

Sales of waterfront properties numbered 93 units in October 2022. This was down sharply by 43.6% from the same period in 2021.
Waterfront sales were 40.7% below the five-year average and 40.7% below the 10-year average for the month of October.

On a year-to-date basis, waterfront sales totaled 1,088 units over the first 10 months of the year. This was a substantial decline of 46.1% from the same period in 2021.

“Sales of both waterfront and non-waterfront homes are still running well below typical levels for this time of year, a trend we expect will continue into next year as buyers and sellers play catch-up on rising interest rates and figuring out where to meet on pricing,” said Chuck Murney, President of the Lakelands Association of REALTORS®. “The good news is on the supply side, where new listings have not dropped off but are actually holding up fairly well. This is giving a long-awaited boost to overall inventories, helping them rise from rock-bottom and unsustainable levels seen right up until earlier this year. Once buyers feel ready to return to the market and sellers have adjusted their pricing expectations there should be more ample availability for buyers than there has been through the frenzy of the past two years.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $704,500 in October 2022, a small gain of 2.7% compared to October 2021.

The benchmark price for single-family homes was $725,700, increasing by 2.3% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $645,600, a gain of 11.7% compared to a year earlier, while the benchmark apartment price was $484,600, up by 8.8% from year-ago levels.

The median price for residential non-waterfront property sales in October 2022 was $650,000, a moderate decrease of 5.8% from October 2021.

The more comprehensive year-to-date residential non-waterfront median price was $725,000, increasing by 11.5% from the first 10 months of 2021.

The median price for waterfront property sales in October 2022 was $859,000, a small reduction of 1.8% from October 2021.

The more comprehensive year-to-date waterfront median price was $1,000,000, increasing by 8.9% from the first 10 months of 2021.

The total dollar value of all residential non-waterfront sales in October 2022 was $274.6 million, a sharp decrease of 39% from the same month in 2021.

The total dollar value of all waterfront sales in October 2022 was $109 million, down sharply by 43.9% from the same month in 2021.

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 358 units in September 2022.

This was a big decline of 39% from the same period in 2021.

Residential non-waterfront sales were 34.2% below the five-year average and 33.5% below the 10-year average for the month of September.

On a year-to-date basis, residential non-waterfront sales totaled 3,755 units over the first nine months of the year. This was a substantial reduction of 34.4% from the same period in 2021.

Sales of waterfront properties numbered 114 units in September 2022. This was a big decline of 44.9% from the same period in 2021.

Waterfront sales were 46.2% below the five-year average and 45.9% below the 10-year average for the month of September.

On a year-to-date basis, waterfront sales totaled 998 units over the first nine months of the year. This was a substantial reduction of 46.3% from the same period in 2021.

“Similar to the last few months, sales of both waterfront and non-waterfront residential properties remained well below average levels for this time of year as past and future interest rate increases continue to weigh on buyer sentiment,” said Chuck Murney, President of the Lakelands Association of REALTORS®. “That being said, average sales price for both waterfront and non-waterfront homes are holding strong and a solid showing on the new supply side provides some good news to buyers who are still in the market and now have a wider selection of properties to choose from than they did when available listings hit their lowest levels on record only several months ago.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $711,500 in September 2022, a small gain of 3.3% compared to September 2021.

The benchmark price for single-family homes was $734,400, increasing by 2.8% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $640,800, a gain of 12.6% compared to a year earlier, while the benchmark apartment price was $478,600, up by 8.4% from year-ago levels.

The median price for residential non-waterfront property sales in September 2022 was $637,500, a modest decline of 2.8% from September 2021.

The more comprehensive year-to-date residential non-waterfront median price was $730,000, up by 12.3% from the first nine months of 2021.

The median price for waterfront property sales in September 2022 was $1,050,000, a gain of 7.1% from September 2021.

The more comprehensive year-to-date waterfront median price was $1,027,501, up by 11.7% from the first nine months of 2021.

The total dollar value of all residential non-waterfront sales in September 2022 was $259.5 million, a substantial decline of 41.3% from the same month in 2021.

The total dollar value of all waterfront sales in September 2022 was $156.9 million, a big decline of 45.9% from the same month in 2021.

The Lakelands Association of REALTORS® represents more than 1,550 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offering a unique blend of properties ranging from residential homes to smaller towns and the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.

Provided by:
Chuck Murney
President The Lakelands Association of REALTORS®

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.

Lakelands Association of REALTORS® MLS® home sales remain below average as rising interest rates impact affordability

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 355 units in August 2022. This was a substantial reduction of 41% from the same period in 2021.

Residential non-waterfront sales were 39.8% below the five-year average and 38% below the 10-year average for the month of August.

On a year-to-date basis, residential non-waterfront sales totaled 3,404 units over the first eight months of the year. This was a sharp decrease of 33.7% from the same period in 2021.

Sales of waterfront properties numbered 141 units in August 2022. This was a substantial reduction of 43.8% from the same period in 2021.

Waterfront sales were 41.4% below the five-year average and 42.3% below the 10-year average for the month of August.

On a year-to-date basis, waterfront sales totaled 884 units over the first eight months of the year. This was a sharp decrease of 46.5% from the same period in 2021.

“Many housing markets in the province and across the country are experiencing sustained downturns in activity and ours was no exception in August,” said Chuck Murney, President of the Lakelands Association of REALTORS®. “Supply levels are moving up from record lows and prices are pulling back from their peak earlier this spring, trends that we expect will continue through the end of the year since we have at least one more rate hike on the horizon. Once interest rates have stabilized there will likely be a period of adjustment where buyers and sellers reassess their positions on affordability and pricing expectations, respectively, so the housing market is going to be in transition for some time while all of this is going on.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $725,400 in August 2022, a gain of 6.5% compared to August 2021.

The benchmark price for single-family homes was $746,200, up by 6% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $657,900, an increase of 14.2% compared to a year earlier, while the benchmark apartment price was $512,500, a sizable gain of 14% from year-ago levels.

The median price for residential non-waterfront property sales in August 2022 was $648,000, up modestly by 1.3% from August 2021.

The more comprehensive year-to-date residential non-waterfront median price was $747,075, an increase of 14.9% from the first eight months of 2021.

The median price for waterfront property sales in August 2022 was $890,000, down modestly by 3.8% from August 2021.

The more comprehensive year-to-date waterfront median price was $1,025,000, an increase of 13.3% from the first eight months of 2021.

The total dollar value of all residential non-waterfront sales in August 2022 was $249.4 million, a big decline of 43.1% from the same month in 2021.

The total dollar value of all waterfront sales in August 2022 was $171.7 million, a substantial reduction of 45.5% from the same month in 2021.

The Lakelands Association of REALTORS® represents more than 1,600 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offering a unique blend of properties ranging from residential homes to smaller towns and the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.

Provided by:
Chuck Murney
President The Lakelands Association of REALTORS®

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 334 units in July 2022. This was a substantial reduction of 44.4% from the same period in 2021.

Residential non-waterfront sales were 44.3% below the five-year average and 43.4% below the 10-year average for the month of July.

On a year-to-date basis, residential non-waterfront sales totaled 3,048 units over the first seven months of the year. This was a sharp decrease of 32.8% from the same period in 2021.

Sales of waterfront properties numbered 131 units in July 2022. This was a substantial reduction of 39.4% from the same period in 2021.

Waterfront sales were 46.1% below the five-year average and 45% below the 10-year average for the month of July.

On a year-to-date basis, waterfront sales totaled 740 units over the first seven months of the year. This was a sharp decrease of 47.1% from the same period in 2021.

“Though the benchmark home price throughout the district is holding, the number of sales of residential waterfront and non-waterfront homes both dropped to well below average levels in July. Rising mortgage rates and wavering consumer sentiment continue to have a large impact on our local market. Inventory levels of residential and waterfront homes are up from rock bottom, which is a welcome sight given the limited selection over the past few years. ” said Chuck Murney, President of the Lakelands Association of REALTORS ®. “New listings are still holding up well, although the growing divide between new supply and buyer demand suggests that sellers are lagging behind the market on pricing expectations. With the added inventory, prices have been moderating from their peak reached in the spring in part due to buyer affordability being reduced. There is a chance of further moderation as the season moves on, given the added supply and the expected rate hikes on the horizon”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $738,900 in July 2022, an increase of 8.4% compared to July 2021.

The benchmark price for single-family homes was $759,600, a moderate gain of 7.6% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $669,500, increasing by 16.7% compared to a year earlier, while the benchmark apartment price was $527,400, a gain of 21.8% from year-ago levels.

The median price for residential non-waterfront property sales in July 2022 was $674,500, up by 6.2% from July 2021.
The more comprehensive year-to-date residential non-waterfront median price was $755,000, an increase of 16.2% from the first seven months of 2021.

The median price for waterfront property sales in July 2022 was $860,000, down by 4.4% from July 2021.

The more comprehensive year-to-date waterfront median price was $1,067,000, an increase of 18% from the first seven months of 2021.

The total dollar value of all residential non-waterfront sales in July 2022 was $252.8 million, a big decline of 41.2% from the same month in 2021.

The total dollar value of all waterfront sales in July 2022 was $146 million, a substantial reduction of 46.5% from the same month in 2021.

The Lakelands Association of REALTORS® represents more than 1,600 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offering a unique blend of properties ranging from residential homes to smaller towns and the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.

Provided by:
Chuck Murney
President The Lakelands Association of REALTORS®

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 396 units in June 2022. This was a substantial reduction of 46.2% from the same period in 2021.

Residential non-waterfront sales were 34% below the five-year average and 36.2% below the 10-year average for the month of June.

On a year-to-date basis, residential non-waterfront sales totaled 2,721 units over the first six months of the year. This was a sharp decrease of 30.8% from the same period in 2021.

Sales of waterfront properties numbered 138 units in June 2022. This was a substantial reduction of 48.3% from the same period in 2021.

Waterfront sales were 40.1% below the five-year average and 38.1% below the 10-year average for the month of June.

On a year-to-date basis, waterfront sales totaled 610 units over the first six months of the year, significantly decreasing by 48.5% from the same period in 2021.

“As with many markets across the Greater Golden Horseshoe, demand for MLS® listed homes has declined at a very fast pace over the last few months, driven in part by the Bank of Canada’s aggressive attempt to tame inflation. Sales totals in June were well below the level we would expect for this time of year. In fact, the number of sales in June was the lowest total for the month since 1996,” said Chuck Murney, President of the Lakelands Association of REALTORS®. “On the other hand, the number of newly listed properties coming on the market during the same period was above the long-term average. As a result, the number of available homes for sale at the end of June was above 2,000 for the first time in two years. The trifecta of rapidly rising mortgage rates, declining demand and surging listings has shifted the market balance, previously in favour of sellers for a prolonged period, into a buyer’s market for the first time in many years. With additional rate hikes anticipated soon it is reasonable to expect further moderation in our local market in the short term and possibly through the end of the year.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $777,300 in June 2022, increasing by 11.7% compared to June 2021.

The benchmark price for single-family homes was $802,400, a gain of 11% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $670,900, up by 18.6% compared to a year earlier, while the benchmark apartment price was $537,100, an increase of 24.9% from year-ago levels.

The median price for residential non-waterfront property sales in June 2022 was $671,250, up modestly by 3% from June 2021.

The more comprehensive year-to-date residential non-waterfront median price was $769,000, an increase of 18.3% from the first six months of 2021.

The median price for waterfront property sales in June 2022 was $1,002,500, up by 14.6% from June 2021.

The more comprehensive year-to-date waterfront median price was $1,100,250, an increase of 21.5% from the first six months of 2021.

The total dollar value of all residential non-waterfront sales in June 2022 was $300.6 million, a big decline of 45.3% from the same month in 2021.

The total dollar value of all waterfront sales in June 2022 was $202 million, a substantial reduction of 34.2% from the same month in 2021.

The Lakelands Association of REALTORS® represents more than 1,600 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offering a unique blend of properties ranging from residential homes to smaller towns and the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.

Provided by:
Chuck Murney
President The Lakelands Association of REALTORS®

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.

As a not-for-profit association, The Lakelands Association of REALTORS® (The Lakelands) takes pride in providing the tools, resources, and education to support members’ success and professionalism. With the dedication of its volunteer members, the association has continued to evolve over the years to keep up with the everchanging needs and requirements of its REALTOR® members.

In 2019, the association began the discussion on the use of their office buildings, located in Collingwood and Huntsville. It was clear that members were no longer required to visit the association offices as most business is conducted online. Everyday business actually looked a lot different for REALTORS® back in the day. Before having access to technology, members used the office buildings to drop off listings and photos for processing, Brokerages were picking up MLS® catalogues, sold books, and later on consumer guides for distribution. Forms, stickers, and lockboxes had to be picked up, and payment was done by cheque. Director, committee and staff meetings were also held at the offices. Having a physical location made sense for decades, but that’s no longer the case. And to maintain the two buildings is a great expense.

As the pandemic forced staff to work from home, it allowed the association to take advantage of technology and in return, staff were more productive and happier while working virtually. This solidified that a brick and mortar building was not only irrelevant for members, but also for staff.

With that said, we are excited to announce that in May 2022 members of The Lakelands voted to sell both the Collingwood and Huntsville office. The association will now work to prepare both buildings for sale and requesting RFPs for its members to assist with the transaction. Profits of both buildings will be used to further support members’ success and our communities. We appreciate all members for their involvement and support to help guide the association towards positive change benefiting the REALTOR® profession.

-30-

The Lakelands Association of REALTORS® represents more than 1,600 REALTORS®. There are several major geographical areas within the Association’s boundaries, including parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford, Grey Highlands. As well as the Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny. In the heart of Canada’s Cottage Country; Parry Sound, Muskoka, Haliburton, Orillia, Gravenhurst, Bracebridge, Muskoka Lakes, Huntsville, and Lake of Bays. Most within our geographical area are located less than a two-hour drive north of Toronto. Each offers a unique blend of properties ranging from residential homes to smaller towns and the rural areas in-between, as well as a mix of waterfront homes/cottages on the many rivers and lakes that range from the smaller entry-level properties to the prestigious.

Provided by:
Chuck Murney, President
The Lakelands Association of REALTORS®
info@chuckmurney.com

REALTOR® is a trademark that identifies real estate professionals who are members of The Canadian Real Estate Association (CREA) and, as such, subscribe to a high standard of professional service and to a strict Code of Ethics.