Residential sales recorded through the MLS® System for the Southern Georgian Bay region totaled 397 units in August 2021. This was a substantial decline of 34.6% from August 2020.

Home sales were 4.1% below the five-year average and 0.9% above the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 3,294 units over the first eight months of the year. This was a sizable gain of 15.6% from the same period in 2020.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 228 units in August 2021. This was a substantial decline of 43.4% from August 2020.

Home sales in the Western Region were 7.7% below the five-year average and 0.7% below the 10-year average for the month of August.

On a year-to-date basis, home sales in the Western Region numbered a record 1,952 units over the first eight months of the year. This was a sizable gain of 13% from the same period in 2020.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 169 units in August 2021. This was a substantial decrease of 17.2% from August 2020.

Home sales in the Eastern Region were 1.3% above the five-year average and 3.2% above the 10-year average for the month of August.

On a year-to-date basis, home sales in the Eastern Region numbered 1,342 units over the first eight months of the year. This was a sizable gain of 19.5% from the same period in 2020.

“While sales activity was certainly down a fair amount from last year, we’re comparing against astronomically high record levels during the rebound of 2020. Compared to the rest of history this August was actually quite average for home sales,” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “New listings haven’t returned to the market in strong enough numbers to keep up with demand, a story that has been playing out for some time now. Overall inventories continue trending at record lows and the market is still firmly on the side of sellers.”

The number of new listings saw a substantial decrease of 16.5% from August 2020. There were 491 new residential listings in August 2021. This was the lowest number of new listings added in the month of August in five years.

New listings were 12.5% below the five-year average and 13.1% below the 10-year average for the month of August.

Active residential listings numbered 559 units on the market at the end of August, a large decline of 28.5% from the end of August 2020. Active listings haven’t been this low in the month of August in more than three decades.

Active listings were 47.7% below the five-year average and 69.2% below the 10-year average for the month of August.

Months of inventory numbered 1.4 at the end of August 2021, up from the 1.3 months recorded at the end of August 2020 and below the long-run average of 5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in August 2021 was $339 million, down sharply by 14.6% from the same month in 2020.

Consult your Local REALTOR® for market conditions and home value information specific to your
neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge
you simply need to know! Encompassing several communities along the shores of southern Georgian Bay,
approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season
recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with
its member offices. The geographical area served by the Association includes the Towns of Midland and
Penetanguishene, the Townships of Tay, and Tiny and parts of Severn and Georgian Bay Townships; Wasaga
Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford
and Grey Highlands.

Provided by:
Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

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 sales recorded through the MLS® System for the Southern Georgian Bay region totaled 456 units in July 2021. This was down sharply by 39.9% from July 2020.

Home sales were 7.3% below the five-year average and 5.1% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled a record 3,456 units over the first seven months of the year. This was an increase of 25.8% from the same period in 2020.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 220 units in July 2021. This was down sharply by 46.5% from July 2020.

Home sales in the Western Region were 9.9% below the five-year average and 8.8% below the 10-year average for the month of July.

On a year-to-date basis, home sales in the Western Region numbered a record 1,761 units over the first seven months of the year. This was an increase of 29.6% from the same period in 2020.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 236 units in July 2021. This was down sharply by 32.2% from July 2020.

Home sales in the Eastern Region were 4.7% below the five-year average and 1.3% below the 10-year average for the month of July.

On a year-to-date basis, home sales in the Eastern Region numbered a record 1,695 units over the first seven months of the year. This was an increase of 22% from the same period in 2020.

“Home sales and new listings have both cooled off in tandem from the pace of activity earlier this year,” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “Overall supply levels are still low but have stopped falling for the time being. On a positive note, the market balance, although still in seller’s territory, has moved towards a more balanced position and price levels seem to have topped out.”

The number of new listings was down sharply by 23% from July 2020. There were 638 new residential listings in July 2021.

New listings were 11% below the five-year average and 14.9% below the 10-year average for the month of July.

Active residential listings numbered 692 units on the market at the end of July, a substantial decline of 40.7% from the end of July 2020. Active listings haven’t been this low in the month of July in more than three decades.

Active listings were 49.4% below the five-year average and 68.6% below the 10-year average for the month of July.

Months of inventory numbered 1.5 at the end of July 2021, unchanged from the 1.5 months recorded at the end of July 2020 and below the long-run average of 5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in July 2021 was $373.5 million, a sharp decrease of 25.9% from the same month in 2020.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know!  Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices.  The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford and Grey Highlands.

Provided by:

Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

Residential sales recorded through the MLS® System for the Southern Georgian Bay region totaled 564 units in June 2021. This was a decrease of 12.7% from June 2020.

Home sales were 11.7% above the five-year average and 15.8% above the 10-year average for the month of June.

On a year-to-date basis, home sales totaled a record 3,001 units over the first six months of the year. This was up sharply by 50.9% from the same period in 2020.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 287 units in June 2021. This was a decline of 8.9% from June 2020.

Home sales in the Western Region were 15.9% above the five-year average and 19% above the 10-year average for the month of June.

On a year-to-date basis, home sales in the Western Region numbered a record 1,544 units over the first six months of the year. This was up sharply by 62.9% from the same period in 2020.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 277 units in June 2021. This was a sharp decrease of 16.3% from June 2020.

Home sales in the Eastern Region were 7.6% above the five-year average and 12.6% above the 10-year average for the month of June.

On a year-to-date basis, home sales in the Eastern Region numbered a record 1,457 units over the first six months of the year. This was up sharply by 40% from the same period in 2020.

“Home sales in both the Eastern and Western Districts were down from year-ago levels but still recorded the third-best June in history. On the sales side, the market can best be described as “cooling off” from red-hot to hot,” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “On the supply side, the story remains much the same – not enough new supply coming onto the market to meet the strong pace of demand. Overall supply levels are trending at rock bottom and as a result, competition among buyers for this lack of available inventory continues to maintain a tight market.”

The number of new listings saw a sharp decrease of 10.9% from June 2020. There were 803 new residential listings in June 2021. This was the lowest number of new listings added in the month of June in more than a decade.

New listings were 9.5% below the five-year average and 9.5% below the 10-year average for the month of June.

Active residential listings numbered 688 units on the market at the end of June, down sharply by 48% from the end of June 2020. Active listings haven’t been this low in the month of June in more than three decades.

Active listings were 50.8% below the five-year average and 69.2% below the 10-year average for the month of June.

Months of inventory numbered 1.2 at the end of June 2021, down from the 2 months recorded at the end of June 2020 and below the long-run average of 5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in June 2021 was $485.1 million, increasing by 19.3% from the same month in 2020. This was also a new record for the month of June.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know!  Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices.  The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford and Grey Highlands.

Provided by:
Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

Residential sales recorded through the MLS® System for the Southern Georgian Bay region totaled 573 units in May 2021. This was up sharply by 80.8% from May 2020. Residential sales haven’t hit this level in the month of May in five years.

Home sales were 25.3% above the five-year average and 22.1% above the 10-year average for the month of May.

On a year-to-date basis, home sales totaled a record 2,434 units over the first five months of the year. This was a substantial increase of 81.2% from the same period in 2020.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 286 units in May 2021. This was up sharply by 97.2% from May 2020.

Home sales in the Western Region were 19.8% above the five-year average and 17.9% above the 10-year average for the month of May.

On a year-to-date basis, home sales in the Western Region numbered a record 1,258 units over the first five months of the year. This was a substantial increase of 98.7% from the same period in 2020.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 287 units in May 2021. This was up sharply by 66.9% from May 2020. Residential sales haven’t hit this level in the month of May in five years.

Home sales in the Eastern Region were 31.4% above the five-year average and 26.5% above the 10-year average for the month of May.

On a year-to-date basis, home sales in the Eastern Region numbered a record 1,176 units over the first five months of the year. This was a substantial increase of 65.6% from the same period in 2020.

“Home sales haven’t taken their foot off the gas since around June of last year, with this May posting the second highest level in history for the month,” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “There hasn’t been much relief on the supply side. New listings have come back stronger than before, but this has only managed to stop inventories from declining further, which have now more or less stabilized at record lows. Market conditions remain historically tight and prices continue their ascent to new highs.”

The number of new listings was up sharply by 36.6% from May 2020. There were 829 new residential listings in May 2021.

New listings were 3% below the five-year average and 13.5% below the 10-year average for the month of May.

Active residential listings numbered 658 units on the market at the end of May, a substantial decline of 51.8% from the end of May 2020. Active listings haven’t been this low in the month of May in three decades.

Active listings were 48.1% below the five-year average and 69.1% below the 10-year average for the month of May.

Months of inventory numbered 1.1 at the end of May 2021, down from the 4.3 months recorded at the end of May 2020 and below the long-run average of 4.8 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in May 2021 was $511.1 million, more than double the levels from a year earlier, surging 163.2% from the same month in 2020. This was also a new record for the month of May.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know!  Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices.  The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay, and Tiny and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, and portions of the Municipality of Meaford and Grey Highlands.

Provided by:
Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

Residential sales recorded through the MLS® System for the Southern Georgian Bay region totaled 616 units in April 2021. This was more than double the levels from a year earlier, jumping 254% from April 2020. This was also a new sales record for the month of April.

Home sales were 48.6% above the five-year average and 48.6% above the 10-year average for the month of April.

On a year-to-date basis, home sales totaled a record 1,866 units over the first four months of the year. This was a jump of 81.9% from the same period in 2020.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 321 units in April 2021. This was more than double the levels from a year earlier, jumping 339.7% from April 2020. This was also a new sales record for the month of April.

Home sales in the Western Region were 48.5% above the five-year average and 44.9% above the 10-year average for the month of April.

On a year-to-date basis, home sales in the Western Region numbered a record 973 units over the first four months of the year. This was a jump of 99.4% from the same period in 2020.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 295 units in April 2021. This was more than double the levels from a year earlier, jumping 192.1% from April 2020. This was also a new sales record for the month of April.

Home sales in the Eastern Region were 48.7% above the five-year average and 52.8% above the 10-year average for the month of April.

On a year-to-date basis, home sales in the Eastern Region numbered a record 893 units over the first four months of the year. This was a jump of 66% from the same period in 2020.

“Home sales have reached a new April record, reaching above 600 for the first time in this month in history,” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “Regionally we’re seeing the same trends play out in the Western and Eastern Districts. A sustained influx of new listings has been spurring higher levels of sales but almost all that new supply is getting eaten up. As a result, overall inventories have stopped declining but are still trending at record lows, keeping the market in some of the tightest conditions on record.”

The number of new listings more than doubled the levels from a year earlier, jumping 106.7% from the lows in April 2020. There were 893 new residential listings in April 2021. This was the largest number of new listings added in the month of April in more than five years.

New listings were 31.2% above the five-year average and 8.1% above the 10-year average for the month of April.

Active residential listings numbered 550 units on the market at the end of April, a big decline of 58.4% from the end of April 2020. Active listings haven’t been this low in the month of April in three decades.

Active listings were 48.2% below the five-year average and 70.6% below the 10-year average for the month of April.

Months of inventory numbered 0.9 at the end of April 2021, down from the 7.6 months recorded at the end of April 2020 and below the long-run average of 5.2 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in April 2021 was $513.4 million, more than double the levels from a year earlier, increasing 482.3% from the same month in 2020. This was also a new record for the month of April.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know!  Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices.  The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains and portions of the Municipality of Meaford and Grey Highlands.

Provided by:
Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

Residential sales recorded through the MLS® System for the Southern Georgian Bay region totaled 645 units in March 2021. This was more than double the levels from a year earlier, surging 106.1% from March 2020. This was also a new sales record for the month of March.

On a year-to-date basis, home sales totaled a record 1,248 units over the first three months of the year. This was up sharply by 46.3% from the same period in 2020.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 326 units in March 2021. This was more than double the levels from a year earlier, surging 114.5% from March 2020. This was also a new sales record for the month of March.

On a year-to-date basis, home sales in the Western Region numbered a record 650 units over the first three months of the year. This was up sharply by 55.9% from the same period in 2020.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 319 units in March 2021. This was an advance of 98.1% from March 2020. This was also a new sales record for the month of March.

On a year-to-date basis, home sales in the Eastern Region numbered a record 598 units over the first three months of the year. This was a large increase of 37.2% from the same period in 2020.

“March was another incredibly strong month for MLS® market activity in our region.” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “Resale home sales set a new March record surpassing the previous mark of 477 set back in 2017. There was also a considerable increase in the number of new listings during this past month, which helped to backstop overall inventory. Although active listings continue to be at the lowest level in more than 30 years the number of available listings appears to be forming a bottom. However, with the spring market upon us we expect market conditions to remain extremely tight.”

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 $592,500 in March 2021, a significant gain of 40.8% compared to March 2020.

The benchmark price for single-family homes was $617,900, an advance of 43.6% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $486,800, up by 27.6% compared to a year earlier, while the benchmark apartment price was $386,300, a minor increase of 2.5% from year-ago levels.

The number of new listings saw a gain of 13% from March 2020. There were 780 new residential listings in March 2021. This was the largest number of new listings added in the month of March in more than five years.

Active residential listings numbered 407 units on the market at the end of March, down sharply by 68.2% from the end of March 2020. Active listings haven’t been this low in the month of March in more than three decades.

Months of inventory numbered 0.6 at the end of March 2021, down from the 4.1 months recorded at the end of March 2020 and below the long-run average of 5.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in March 2021 was $546 million, more than double the levels from a year earlier, rocketing up 214.5% from the same month in 2020. This was a new record for the month of March and was also the largest dollar value of homes sold for any month in history.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know!  Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices.  The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains and portions of the Municipality of Meaford and Grey Highlands.

Provided by:
Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

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 sales recorded through the MLS® System for the Southern Georgian Bay region totaled 365 units in February 2021. This was an increase of 14.1% from February 2020 and was also a new sales record for the month of February.

On a year-to-date basis, home sales totaled 601 units over the first two months of the year. This was an increase of 14.1% from the same period in 2020.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 198 units in February 2021. This was an increase of 26.9% from February 2020. Residential sales haven’t hit this level in the month of February in more than four decades.

On a year-to-date basis, home sales in the Western Region numbered 326 units over the first two months of the year. This was an increase of 23.5% from the same period in 2020.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 167 units in February 2021. This edged up 1.8% from February 2020. Residential sales haven’t hit this level in the month of February in more than four decades.

On a year-to-date basis, home sales in the Eastern Region numbered 275 units over the first two months of the year. This edged up 1.5% from the same period in 2020.

“A small boost in new listings helped sales climb even further, raising them to the highest February on record,” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “An influx of new listings may have pulled the market back from the tightest conditions on record, but we are still very much in seller’s territory.”

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 $555,500, a large increase of 31.6% in February 2021 compared to February 2020.

The benchmark price for single-family homes was $579,500, a large increase of 33.7% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $452,600, rising 21.2% compared to a year earlier, while the benchmark apartment price was $370,300, up 8.7% from year-ago levels.

There were 533 new residential listings in February 2021. This was down 5.2% on a year-over-year basis.

Active residential listings numbered 372 units at the end of February, a large decline of 67.1% from the end of February 2020. Active listings haven’t been this low in the month of February in more than three decades.

Months of inventory numbered 1 at the end of February 2021, down from the 3.5 months recorded at the end of February 2020 and below the long-run average of 6.3 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in February 2021 was $288.3 million, a large increase of 54.5% from the same month in 2020. This was also a new record for the month of February.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know! Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices. The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains and portions of the Municipality of Meaford and Grey Highlands.

Provided by:
Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

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 sales recorded through the MLS® System for the Southern Georgian Bay region totaled 236 units in January 2021. This was up 9.8% from January 2020 and was a new sales record for the month of January.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 128 units in January 2021. This was an increase of 18.5% from January 2020. Residential sales haven’t hit this level in the month of January in more than three decades.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 108 units in January 2021. This outperformed January 2020 by a single sale and is the highest number of sales in the month of January on record.

“Demand for homes across the Southern Georgian Bay region is at an all time high,” said Matthew Lidbetter, President of the Southern Georgian Bay Association of REALTORS®. “This has resulted in home prices rising quickly across all property types, although particularly in those property types with more living space.”

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 $525,200, rising 27.9% in January 2021 compared to January 2020.

The benchmark price for single-family homes was $546,000, advancing 29.5% on a year-over-year basis in January. By comparison, the benchmark price for townhouse/row units rose by 19.5% to $437,000, compared to a year earlier, while the benchmark apartment price was $367,300, a gain of 11.2% from year-ago levels.

There were 255 new residential listings in January 2021. This was a significant decline of 47.3% on a year-over-year basis. This was the lowest number of new listings added in the month of January in more than three decades.

Active residential listings numbered 256 units at the end of January. Declining substantially by 75.3% from the end of January 2020. Active listings haven’t been this low in the month of January in more than three decades.

Months of inventory numbered 1.1 at the end of January 2021, down from the 4.8 months recorded at the end of January 2020 and below the long-run average of 7.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in January 2021 was $198.4 million, improving by 66% from the same month in 2020. This was also a new record for the month of January.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know! Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four-season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices. The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains and portions of the Municipality of Meaford and Grey Highlands.

Provided by:
Matthew Lidbetter, 2021 President
Southern Georgian Bay Association of REALTORS®
matthew@bluemountainproperty.ca

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.

Home sales in Southern Georgian Bay totalled $219.3 million for the month of December, but it didn’t look good in April and May.

Last year started out with promise for the real estate industry, and in the end 2020 had the second highest number of home sales of any year on record.

But in the middle, things got bleak.

Mike Scholte, president of the Southern Georgian Bay Association of Realtors said those in his industry started the year with optimism. Then COVID hit.

In April, home sales in the Southern Georgian Bay region dropped by 60 per cent, after an almost continual month-over-month growth pattern. In May, sales were still declining.

“There was a lot of fear,” said Scholte. “I don’t think there was a realtor, a business owner, or anyone out there who didn’t have fear of what was going on. The biggest challenge is there’s no map.”

Real estate was deemed an essential service, and realtors, like most business owners in the province, had to pivot their operations to fit with pandemic-related restrictions.

“We had to do things completely different…how do you sell a house in a lockdown?” said Scholte, who sells real estate across the region from his Collingwood office. “The reality is people have to move.”

He made what he called “aggressive pivots” to keep his business going.

“We invested in quite a number of technologies that would allow us to interact with our clients and show them in detail what’s in the house,” he said. “I would walk through properties holding my cell phone up asking, where do you want me to show you next?”

The local real estate market made a comeback in June as sales for June 2020 were double sales from June 2019. By July, home sales were smashing records.

Scholte said customers started becoming more accustomed to digital platforms for viewing and even document signing. And by the time they arrived at the home for a “hands-in-pockets” tour they were ready to make an offer.

“I would say that tech did pay off and it’s an innovation that’s here to stay,” said Scholte. “I think the industry needed it for a long time. Our world and industry is evolving.”

He said people consider the whole region of Southern Georgian Bay a destination rather than the individual municipalities that make up the region.

“People love the fact that they have lifestyle amenities, space to go outside, a bit more breathing space,” he said.

And though that might not be new, Scholte said there is a shift in the types of homes people are looking for.

“They want space for their extended family,” he noted. And that might include space for adult children.

The pandemic has also pushed more people than ever to work from home, and ,as a result, they’re looking for homes they can work in.

“Everyone wanted open concept, now they’re looking for private space where they can take those Zoom calls,” said Scholte.

See article on CollingwoodToday.ca here

Residential sales recorded through the MLS® System for the Southern Georgian Bay region totaled 270 units in December 2020. This was a large increase of 36.4% from December 2019 and was a new sales record for the month of December.

On an annual basis, home sales totaled 5,332 units over the course of 2020. This was an increase of 36.4% from the same period in 2019.

The Southern Georgian Bay region comprises two distinctive markets.

Home sales in the Western Region, which includes Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains, the Municipality of Meaford, and Grey Highlands, numbered 144 units in December 2020.

Increasing considerably by 41.2% from December 2019. Residential sales haven’t hit this level in the month of December in more than three decades.

On a year-to-date basis, home sales in the Western Region numbered 2,788 units over the course of 2020. This was an increase of 26.3% from the same period in 2019 and is a new record for number of MLS® home sales in a year for the region.

Meanwhile, home sales in the Eastern Region, encompassing the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, Severn, and Georgian Bay Townships, numbered 126 units in December 2020. This was a large increase of 31.3% from December 2019. Residential sales haven’t hit this level in the month of December in more than three decades.

On a year-to-date basis, home sales in the Eastern Region numbered 2,544 units over the course of 2020 This was an increase of 28.5% from the same period in 2019.

“MLS® home sales continued setting new records in December,” said Mike Scholte, President of the Southern Georgian Bay Association of REALTORS®. “The dwindling number of active listings continues to raise concerns for our local markets. Having said that, the Western Region posted the most MLS® home sales ever in a year followed closely by the Eastern Region, which posted its second best year on record. Overall, 2020 has been a banner year for Southern Georgian Bay real estate.”

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 $510,600, rising 21.8% in December 2020 compared to December 2019.

The benchmark price for single-family homes rose 23.3% to $530,600 on a year-over-year basis in December. By comparison, the benchmark price for townhouse/row units was $425,600, rising 15.4% compared to a year earlier, while the benchmark apartment price was $362,500, up 7.3% from year-ago levels.

There were 222 new residential listings in December 2020. This was little changed, down only 0.4% on a year-over-year basis.

Active residential listings numbered 281 units at the end of December. This was a substantial decline of 71.2% from the end of December 2019. Active listings haven’t been this low since 1989.

Months of inventory numbered 1 at the end of December 2020, down from the 4.9 months recorded at the end of December 2019 and below the long-run average of 7.5 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The dollar value of all home sales in December 2020 was $219.3 million, surging 95.8% from the same month in 2019. This was also a new record for the month of December.

Consult your Local REALTOR® for market conditions and home value information specific to your neighbourhood. Our REALTORS® live, work and play in Southern Georgian Bay and have the local knowledge you simply need to know! Encompassing several communities along the shores of southern Georgian Bay, approximately 1½ to 2 hours from Greater Toronto, the area is one of Canada’s premier four season recreational playgrounds.

The Southern Georgian Bay Association of REALTORS® represents more than 600 REALTORS® registered with its member offices. The geographical area served by the Association includes the Towns of Midland and Penetanguishene, the Townships of Tay and Tiny, and parts of Severn and Georgian Bay Townships; Wasaga Beach, Clearview Township, Collingwood, The Blue Mountains and portions of the Municipality of Meaford and Grey Highlands.

Provided by:
Mike Scholte, 2020 President
Southern Georgian Bay Association of REALTORS®
mike.scholte@century21.ca

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.