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Lakelands MLS® Statistical Report – September 2023

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Lakelands Association of REALTORS® MLS® home sales remain below average in September
Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 354 units in September 2023. This was unchanged from the same period in 2022.
Residential non-waterfront sales were 32.7% below the five-year average and 33% below the 10-year average for the month of September.
On a year-to-date basis, residential non-waterfront sales totaled 3,456 units over the first nine months of the year. This was down by 7.8% from the same period in 2022.
Sales of waterfront properties numbered 138 units in September 2023. This was a gain of 22.1% from the same period in 2022.
Waterfront sales were 29.4% below the five-year average and 32.7% below the 10-year average for the month of September.
On a year-to-date basis, waterfront sales totaled 940 units over the first nine months of the year. This was down by 5.1% from the same period in 2022.
“Sales activity for non-waterfront residential properties was flat on a year-over-year basis while sales for waterfront homes posted a modest increase,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS® . “However, demand for both types of properties continues to run below typical levels for this time of year and is expected to do so for the near future as potential buyers reassess their finances as the face headwinds from higher interest rates and economic uncertainty. Prices are also expected to remain lower compared to last year’s records but at least appear to be stabilizing.”
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 $717,200 in September 2023, slight reduction of 0.9% compared to September 2022.
The benchmark price for single-family homes was $746,200, edging down 0.4% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $582,000, a decline of 9.6% compared to a year earlier, while the benchmark apartment price was $474,500, up modestly by 3.3% from year-ago levels.
The median price for residential non-waterfront property sales in September 2023 was $627,739, a minor decrease of 2.1% from September 2022.
The more comprehensive year-to-date residential non-waterfront median price was $680,000, a moderate decrease of 6.8% from the first nine months of 2022
The median price for waterfront property sales in September 2023 was $938,000, a substantial decrease of 10.7% from September 2022.
The more comprehensive year-to-date waterfront median price was $950,000, a moderate decrease of 7.8% from the first nine months of 2022.
The total dollar value of all residential non-waterfront sales in September 2023 was $250.7 million, falling by 2.3% from the same month in 2022.
The total dollar value of all waterfront sales in September 2023 was $177.8 million, a gain of 15.6% from the same month in 2022.

 

Sales (all areas) September
2023		 September
2022		 Year-over-year
% change
Non-Waterfront Residential 354 354 0.0
Waterfront 138 113 22.1

 

Median price (all areas) September
2023		 September
2022		 Year-over-year
% change
Non-Waterfront Residential $627,739 $641,250 -2.1
Waterfront $938,000 $1,050,000 -10.7

 

Non-Waterfront Residential Sales September
2023		 September
2022		 Year-over-year
% change
Lakelands West 132 120 10.0
Lakelands Central 131 145 -9.7
Lakelands North 91 89 2.2

 

Non-Waterfront Residential Median Price September
2023		 September
2022		 Year-over-year
% change
Lakelands West $696,750 $699,500 -0.4
Lakelands Central $625,000 $645,000 -3.1
Lakelands North $586,000 $555,000 5.6

 

Waterfront Residential Sales September
2023		 September
2022		 Year-over-year
% change
Lakelands West 16 11 45.5
Lakelands Central 21 15 40.0
Lakelands North 101 87 16.1

 

Waterfront Residential Median Price September
2023		 September
2022		 Year-over-year
% change
Lakelands West $1,210,000 $1,365,000 -11.4
Lakelands Central $975,000 $999,999 -2.5
Lakelands North $860,000 $1,049,000 -18.0

 

Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach
Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Springwater, Tay, Tiny
Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound, Severn

 

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

Matthew Lidbetter, President
The Lakelands Association of REALTORS®
mlidbetter@sothebysrealty.ca

Lakelands MLS® Statistical Report – August 2023

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Lakelands Association of REALTORS® MLS® home sales edge up in August.
Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 417 units in August 2023. This was up by 16.5% from the same period in 2022.
Residential non-waterfront sales were 26.7% below the five-year average and 26.1% below the 10-year average for the month of August.
On a year-to-date basis, residential non-waterfront sales totaled 3,100 units over the first eight months of the year. This was a decrease of 8.6% from the same period in 2022.
Sales of waterfront properties numbered 142 units in August 2023. This was up modestly by 2.2% (three sales) from the same period in 2022.
Waterfront sales were 35.9% below the five-year average and 39.1% below the 10-year average for the month of August.
On a year-to-date basis, waterfront sales totaled 798 units over the first eight months of the year. This was a decrease of 9.2% from the same period in 2022.
“Sales of non-waterfront residential properties moved up in August while sales of waterfront homes were little changed, although demand for both types remained well below historical norms for this time of year,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS® . “New listings for both non-waterfront and waterfront homes set a new August record, so it’s a bit puzzling as to why demand did not respond in kind as it normally does. We’ll wait another month or two and monitor the trends for both segments, as it’s possible buyers have temporarily put their purchasing decisions on hold until back-to-school and work season is upon us and one more Bank of Canada rate announcement is released.”
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 $714,800 in August 2023, a minor decrease of 3.2% compared to August 2022.
The benchmark price for single-family homes was $743,700, a small reduction of 2.5% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $577,100, a substantial decline of 12.6% compared to a year earlier, while the benchmark apartment price was $474,700, a modest decline of 3.5% from year-ago levels.
The median price for residential non-waterfront property sales in August 2023 was $687,000, a moderate gain of 5.9% from August 2022.
The more comprehensive year-to-date residential non-waterfront median price was $685,000, decreasing by 8.2% from the first eight months of 2022.
The median price for waterfront property sales in August 2023 was $955,000, a moderate gain of 6.1% from August 2022.
The more comprehensive year-to-date waterfront median price was $950,000, decreasing by 7.3% from the first eight months of 2022.
The total dollar value of all residential non-waterfront sales in August 2023 was $311.4 million, a gain of 22.6% from the same month in 2022.
The total dollar value of all waterfront sales in August 2023 was $177.3 million, up modestly by 2.7% from the same month in 2022.

 

Sales (all areas) August
2023		 August
2022		 Year-over-year
% change
Non-Waterfront Residential 417 358 16.5
Waterfront 142 139 2.2

 

Median price (all areas) August
2023		 August
2022		 Year-over-year
% change
Non-Waterfront Residential $687,000 $648,500 5.9
Waterfront $955,000 $899,796 6.1

 

Non-Waterfront Residential Sales August
2023		 August
2022		 Year-over-year
% change
Lakelands West 137 117 17.1
Lakelands Central 191 159 20.1
Lakelands North 89 82 8.5

 

Non-Waterfront Residential Median Price August
2023		 August
2022		 Year-over-year
% change
Lakelands West $693,000 $712,500 -2.7
Lakelands Central $675,000 $635,000 6.3
Lakelands North $688,000 $570,000 20.7

 

Waterfront Residential Sales August
2023		 August
2022		 Year-over-year
% change
Lakelands West 12 10 20.0
Lakelands Central 20 26 -23.1
Lakelands North 110 103 6.8

 

Waterfront Residential Median Price August
2023		 August
2022		 Year-over-year
% change
Lakelands West $1,592,500 $1,235,000 28.9
Lakelands Central $892,500 $884,444 0.9
Lakelands North $922,500 $890,000 3.7

 

Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach
Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Springwater, Tay, Tiny
Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound, Severn

 

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:

Matthew Lidbetter, President
The Lakelands Association of REALTORS®
mlidbetter@sothebysrealty.ca

Lakelands MLS® Statistical Report – July 2023

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Lakelands Association of REALTORS® MLS® home sales remain below average in July
Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 406 units in July 2023. This was up by 24.9% from the same period in 2022.
Residential non-waterfront sales were 29.3% below the five-year average and 29.5% below the 10-year average for the month of July.
On a year-to-date basis, residential non-waterfront sales totaled 2,688 units over the first seven months of the year. This was a substantial decrease of 11.4% from the same period in 2022.
Sales of waterfront properties numbered 112 units in July 2023. This was down sharply by 17.6% from the same period in 2022.
Waterfront sales were 48.9% below the five-year average and 50.9% below the 10-year average for the month of July.
On a year-to-date basis, waterfront sales totaled 651 units over the first seven months of the year. This was a substantial decrease of 12% from the same period in 2022.
“Sales activity was still running below average levels for July but we are noticing a diverging trend between the two major property types,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS® . “Sales of non-waterfront residential homes recorded an increase compared to year-ago levels, while activity for waterfront properties continued to decline. Interestingly, price levels for nonwaterfront homes are still well below their records from last year while prices for waterfront properties have recovered at a much faster pace. Although demand is more muted for waterfront homes, they are still spending a relatively short amount of time on market before selling compared to the rest of history.”
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 $717,000 in July 2023, a moderate decrease of 4.7% compared to July 2022.
The benchmark price for single-family homes was $746,300, falling by 3.9% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $577,600, a sharp decrease of 14.1% compared to a year earlier, while the benchmark apartment price was $471,500, down by 7% from year-ago levels.
The median price for residential non-waterfront property sales in July 2023 was $685,000, a moderate gain of 5.2% from July 2022.
The more comprehensive year-to-date residential non-waterfront median price was $685,000, decreasing by 9.3% from the first seven months of 2022.
The median price for waterfront property sales in July 2023 was $1,062,500, a sizable gain of 24.9% from July 2022.
The more comprehensive year-to-date waterfront median price was $950,000, a substantial decline of 10% from the first seven months of 2022.
The total dollar value of all residential non-waterfront sales in July 2023 was $317.8 million, an advance of 32.2% from the same month in 2022.
The total dollar value of all waterfront sales in July 2023 was $162.5 million, up by 9.8% from the same month in 2022.

 

Sales (all areas) July
2023		 July
2022		 Year-over-year
% change
Non-Waterfront Residential 406 325 24.9
Waterfront 112 136 -17.6

 

Median price (all areas) July
2023		 July
2022		 Year-over-year
% change
Non-Waterfront Residential $685,000 $651,000 5.2
Waterfront $1,062,500 $851,000 24.9

 

Non-Waterfront Residential Sales July
2023		 July
2022		 Year-over-year
% change
Lakelands West 150 99 51.5
Lakelands Central 168 137 22.6
Lakelands North 88 89 -1.1

 

Non-Waterfront Residential Median Price July
2023		 July
2022		 Year-over-year
% change
Lakelands West $732,500 $715,000 2.4
Lakelands Central $682,500 $645,000 5.8
Lakelands North $592,000 $580,000 2.1

 

Waterfront Residential Sales July
2023		 July
2022		 Year-over-year
% change
Lakelands West 14 7 100.0
Lakelands Central 19 18 5.6
Lakelands North 79 111 -28.8

 

Waterfront Residential Median Price July
2023		 July
2022		 Year-over-year
% change
Lakelands West $1,047,500 $1,100,000 -4.8
Lakelands Central $1,250,000 $1,005,000 24.4
Lakelands North $980,000 $815,000 20.2

 

Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach
Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Springwater, Tay, Tiny
Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound, Severn

 

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:

Matthew Lidbetter, President
The Lakelands Association of REALTORS®
mlidbetter@sothebysrealty.ca

Lakelands MLS® Statistical Report – June 2023

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Lakelands Association of REALTORS® MLS® home sales continue to rise in June
Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 490 units in June 2023. This was an increase of 23.7% from the same period in 2022.
Residential non-waterfront sales were 17.2% below the five-year average and 20.8% below the 10-year average for the month of June.
On a year-to-date basis, residential non-waterfront sales totaled 2,284 units over the first six months of the year. This was a large decline of 16% from the same period in 2022.
Sales of waterfront properties numbered 175 units in June 2023. This was a substantial increase of 31.6% from the same period in 2022.
Waterfront sales were 21.8% below the five-year average and 21.9% below the 10-year average for the month of June.
On a year-to-date basis, waterfront sales totaled 542 units over the first six months of the year. This was a large decline of 10.6% from the same period in 2022.
“Both waterfront and non-waterfront sales activity posted year-over-year gains in June as more supply continues to return to the market under the growing confidence of sellers,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®. “We are still quite a way off from the stronger levels of activity seen during the past two years and likely won’t get back to those any time soon, but our market is steadily moving in the right direction and that’s a good start. Meanwhile, prices are resuming their normal seasonal pattern and are exhibiting a healthy upward movement through the year, but again are not expected to return to their records from 2022.”
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 $714,600 in June 2023, a moderate decrease of 9.7% compared to June 2022.
The benchmark price for single-family homes was $743,100, falling by 9.3% on a yearover-year basis in June. By comparison, the benchmark price for townhouse/row units was $578,000, a sharp decrease of 14.1% compared to a year earlier, while the benchmark apartment price was $470,100, down by 9.2% from year-ago levels.
The median price for residential non-waterfront property sales in June 2023 was $690,000, increasing by 1.8% from June 2022.
The more comprehensive year-to-date residential non-waterfront median price was $685,000, a sharp decrease of 10.6% from the first six months of 2022.
The median price for waterfront property sales in June 2023 was $901,600, decreasing by 9.8% from June 2022.
The more comprehensive year-to-date waterfront median price was $940,000, a sharp decrease of 14.6% from the first six months of 2022.
The total dollar value of all residential non-waterfront sales in June 2023 was $390.1 million, up sharply by 30.3% from the same month in 2022.
The total dollar value of all waterfront sales in June 2023 was $264.2 million, a substantial increase of 35.7% from the same month in 2022.

 

Sales (all areas) June
2023		 June
2022		 Year-over-year
% change
Non-Waterfront Residential 490 396 23.7
Waterfront 175 133 31.6

 

Median price (all areas) June
2023		 June
2022		 Year-over-year
% change
Non-Waterfront Residential $690,000 $677,500 1.8
Waterfront $901,600 $1,000,000 -9.8

 

Non-Waterfront Residential Sales June
2023		 June
2022		 Year-over-year
% change
Lakelands West 198 122 62.3
Lakelands Central 197 172 14.5
Lakelands North 95 102 -6.9

 

Non-Waterfront Residential Median Price June
2023		 June
2022		 Year-over-year
% change
Lakelands West $743,500 $772,500 -3.8
Lakelands Central $675,000 $664,500 1.6
Lakelands North $640,000 $577,500 10.8

 

Waterfront Residential Sales June
2023		 June
2022		 Year-over-year
% change
Lakelands West 16 10 60.0
Lakelands Central 31 24 29.2
Lakelands North 128 99 29.3

 

Waterfront Residential Median Price June
2023		 June
2022		 Year-over-year
% change
Lakelands West $967,500 $1,057,500 -8.5
Lakelands Central $1,000,000 $1,200,000 -16.7
Lakelands North $891,105 $980,000 -9.1

 

Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach
Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Severn, Springwater, Tay, Tiny
Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound

 

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:

Matthew Lidbetter, President
The Lakelands Association of REALTORS®
mlidbetter@sothebysrealty.ca

Lakelands MLS® Statistical Report – May 2023

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Lakelands Association of REALTORS® MLS® home sales edge up in May on strength of non-waterfront activity
Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 524 units in May 2023. This was a moderate gain of 6.1% from the same period in 2022.
Residential non-waterfront sales were 6.4% below the five-year average and 12.6% below the 10-year average for the month of May.
On a year-to-date basis, residential non-waterfront sales totaled 1,795 units over the first five months of the year. This was a notable decline of 22.7% from the same period in 2022.
Sales of waterfront properties numbered 149 units in May 2023. This was a slight gain of 0.7% (one sale) from the same period in 2022.
Waterfront sales were 20.5% below the five-year average and 27.8% below the 10-year average for the month of May.
On a year-to-date basis, waterfront sales totaled 366 units over the first five months of the year, falling 22.6% from the same period in 2022.
“Non-waterfront home sales took the lead in May, posting the first year-over-year increase in exactly two years, while sales of waterfront properties were flat compared to the same month last year,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®. “We may have to wait until warmer weather for the waterfront segment to heat up, although demand is outpacing supply in that area as evidenced by the surge in median price for waterfront properties, which was back up above $1 million in May.”
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 $715,000 in May 2023, down by 12.8% compared to May 2022.
The benchmark price for single-family homes was $743,600, a decrease of 12.8% on a year-over-year basis in May. By comparison, the benchmark price for townhouse/row units was $572,100, a reduction of 13.9% compared to a year earlier, while the benchmark apartment price was $468,200, a decline of 10.5% from year-ago levels.
The median price for residential non-waterfront property sales in May 2023 was $695,000, a decline of 6.1% from May 2022.
The more comprehensive year-to-date residential non-waterfront median price was $685,000, down by 13.2% from the first five months of 2022.
The median price for waterfront property sales in May 2023 was $1,085,000, a gain of 6.6% from May 2022.
The more comprehensive year-to-date waterfront median price was $961,250, down by 16.4% from the first five months of 2022.
The total dollar value of all residential non-waterfront sales in May 2023 was $400.9 million, a decrease of 4.3% from the same month in 2022.
The total dollar value of all waterfront sales in May 2023 was $218.4 million, a small gain of 3.2% from the same month in 2022.

 

Sales (all areas) May
2023		 May
2022		 Year-over-year
% change
Non-Waterfront Residential 524 494 6.1
Waterfront 149 148 0.7

 

Median price (all areas) May
2023		 May
2022		 Year-over-year
% change
Non-Waterfront Residential $695,000 $740,000 -6.1
Waterfront $1,085,000 $1,017,000 6.6

 

Non-Waterfront Residential Sales May
2023		 May
2022		 Year-over-year
% change
Lakelands West 199 158 25.9
Lakelands Central 208 203 2.5
Lakelands North 117 133 -12.0

 

Non-Waterfront Residential Median Price May
2023		 May
2022		 Year-over-year
% change
Lakelands West $729,000 $830,000 -12.2
Lakelands Central $665,000 $735,000 -9.5
Lakelands North $700,000 $649,00 7.9

 

Waterfront Residential Sales May
2023		 May
2022		 Year-over-year
% change
Lakelands West 15 11 36.4
Lakelands Central 28 22 27.3
Lakelands North 106 115 -7.8

 

Waterfront Residential Median Price May
2023		 May
2022		 Year-over-year
% change
Lakelands West $1,120,000 $1,025,001 9.3
Lakelands Central $925,000 $1,162,500 -20.4
Lakelands North $1,100,000 $950,000 15.8

 

Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach
Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Severn, Springwater, Tay, Tiny
Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound

 

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:

Matthew Lidbetter, President
The Lakelands Association of REALTORS®
mlidbetter@sothebysrealty.ca

Lakelands MLS® Statistical Report – April 2023

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Lakelands Association of REALTORS® MLS® home sales showing signs of life but still restrained by lack of new supply
Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 442 units in April 2023. This was down sharply by 17.5% from the same period in 2022.
Residential non-waterfront sales were 11.2% below the five-year average and 18% below the 10-year average for the month of April.
On a year-to-date basis, residential non-waterfront sales totaled 1,270 units over the first four months of the year. This was a substantial decline of 30.5% from the same period in 2022.
Sales of waterfront properties numbered 84 units in April 2023. This was down sharply by 20% from the same period in 2022.
Waterfront sales were 30% below the five-year average and 36.5% below the 10-year average for the month of April.
On a year-to-date basis, waterfront sales totaled 218 units over the first four months of the year. This was a substantial decline of 32.9% from the same period in 2022.
“Sales activity has stabilized at higher levels compared to the bottom reached in the middle of 2022 but we are still waiting on the next phase of growth and recovery,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®. “New supply is not only remaining at subdued levels but is actually declining on a month-over-month basis looking through the seasonality. As a result, sales are being crimped by a lack of new listings coming onto the market and this has caused overall inventories to stall and begin to decline again. The market is continuing to tighten and prices for both waterfront and non-waterfront properties are rising steadily; in the absence of a considerable influx of new supply we expect these trends to persist and strengthen.”
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 $685,000 in April 2023, down sharply by 16.5% compared to April 2022.
The benchmark price for single-family homes was $708,800, a substantial decrease of 17% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $567,600, a big reduction of 12% compared to a year earlier, while the benchmark apartment price was $475,100, falling by 8.5% from year-ago levels.
The median price for residential non-waterfront property sales in April 2023 was $700,000, a moderate decrease of 6.7% from April 2022.
The more comprehensive year-to-date residential non-waterfront median price was $679,000, a substantial decline of 15.1% from the first four months of 2022.
The median price for waterfront property sales in April 2023 was $973,500, a large decline of 19.2% from April 2022.
The more comprehensive year-to-date waterfront median price was $932,500, a substantial decline of 21.6% from the first four months of 2022.
The total dollar value of all residential non-waterfront sales in April 2023 was $342 million, a sharp decrease of 26.1% from the same month in 2022.
The total dollar value of all waterfront sales in April 2023 was $117.2 million, down sharply by 34.5% from the same month in 2022.

 

Sales (all areas) April
2023		 April
2022		 Year-over-year
% change
Non-Waterfront Residential 442 536 -17.5
Waterfront 84 105 -20.0

 

Median price (all areas) April
2023		 April
2022		 Year-over-year
% change
Non-Waterfront Residential $700,000 $750,000 -6.7
Waterfront $973,500 $1,205,000 -19.2

 

Non-Waterfront Residential Sales April
2023		 April
2022		 Year-over-year
% change
Lakelands West 157 195 -19.5
Lakelands Central 187 195 -4.1
Lakelands North 98 146 -32.9

 

Non-Waterfront Residential Median Price April
2023		 April
2022		 Year-over-year
% change
Lakelands West $735,000 $855,000 -14.0
Lakelands Central $715,000 $705,000 1.4
Lakelands North $602,500 $713,750 -15.6

 

Waterfront Residential Sales April
2023		 April
2022		 Year-over-year
% change
Lakelands West 8 17 -52.9
Lakelands Central 20 22 -9.1
Lakelands North 56 66 -15.2

 

Waterfront Residential Median Price April
2023		 April
2022		 Year-over-year
% change
Lakelands West $779,500 $1,250,000 -37.6
Lakelands Central $1,100,000 $1,225,000 -10.2
Lakelands North $960,000 $1,150,000 -16.5
Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach
Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Springwater, Tay, Tiny
Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound, Severn

 

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:

Matthew Lidbetter, President
The Lakelands Association of REALTORS®
mlidbetter@sothebysrealty.ca

News Release March Statistics 2023

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Lakelands Association of REALTORS® MLS® home sales remain subdued; with listing inventory below
average.

Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 370 units in March 2023. This was down sharply by 36.4% from the same period in 2022.

Residential non-waterfront sales were 29.5% below the five-year average and 25.9% below the 10-year average for the month of March.

On a year-to-date basis, residential non-waterfront sales totaled 827 units over the first three months of the year. This was a substantial decline of 36% from the same period in 2022.

Sales of waterfront properties numbered 73 units in March 2023. This was down sharply by 19.8% from the same period in 2022.

Waterfront sales were 27.3% below the five-year average and 22.8% below the 10-year average for the month of March.

On a year-to-date basis, waterfront sales totaled 134 units over the first three months of the year. This was a substantial decline of 39.1% from the same period in 2022.

“March posted another month of below-average sales activity for waterfront and non-waterfront properties, although you can’t buy what isn’t there and we’re still not seeing any meaningful return of new listings to the market,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®. “Sellers may still be withholding their listings in response to market uncertainty or they may simply be waiting until after the Easter break to kick off the spring season. Prices have stabilized in general, and in the waterfront segment we are actually starting to see a definitive upward trend emerge.”

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 $673,400 in March 2023, a substantial decrease of 18.9% compared to March 2022.

The benchmark price for single-family homes was $695,000, a big reduction of 19.7% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $573,500, a substantial decline of 10.7% compared to a year earlier, while the benchmark apartment price was $476,100, a decline of 7.6% from year-ago levels.

The median price for residential non-waterfront property sales in March 2023 was $648,500, a large decline of 18.9% from March 2022.

The more comprehensive year-to-date residential non-waterfront median price was $665,000, a substantial decline of 19.4% from the first three months of 2022.

The median price for waterfront property sales in March 2023 was $900,000, a large decline of 23.4% from March 2022.

The more comprehensive year-to-date waterfront median price was $894,450, a substantial decline of 23.9% from the first three months of 2022.

The total dollar value of all residential non-waterfront sales in March 2023 was $280 million, a sharp decrease of 47.4% from the same month in 2022.

The total dollar value of all waterfront sales in March 2023 was $88 million, down sharply by 25.9% from the same month in 2022.

 

 

Sales (all areas)

  

March 2023

  

March 2022

 Year-over-year

% change
Non-Waterfront Residential 370 582 -36.4
Waterfront 73 91 -19.8

 

 

Median price (all areas)

  

March 2023

  

March 2022

 Year-over-year

% change
Non-Waterfront Residential $648,500 $800,000 -18.9
Waterfront $900,000 $1,175,000 -23.4

 

 

Non-Waterfront Residential Sales

  

March 2023

  

March 2022

 Year-over-year

% change
Lakelands West 124 207 -40.1
Lakelands Central 180 242 -25.6
Lakelands North 66 133 -50.4

 

Non-Waterfront Residential Median Price  

March 2023

  

March 2022

 Year-over-year

% change
Lakelands West $675,750 $855,000 -21.0
Lakelands Central $635,650 $800,000 -20.5
Lakelands North $601,850 $660,000 -8.8

 

 

Waterfront Residential Sales

  

March 2023

  

March 2022

 Year-over-year

% change
Lakelands West 7 8 -12.5
Lakelands Central 21 15 40.0
Lakelands North 45 68 -33.8

 

 

Waterfront Residential Median Pric

  

March 2023

  

March 2022

 Year-over-year

% change
Lakelands West $900,000 $1,232,000 -26.9
Lakelands Central $889,000 $1,200,000 -25.9
Lakelands North $970,000 $1,150,000 -15.7

Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Severn, Springwater, Tay, Tiny Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound

 

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:

Matthew Lidbetter, President

The Lakelands Association of REALTORS® mlidbetter@sothebysrealty.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.

News Release February Statistics 2023

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Lakelands Association of REALTORS® MLS® waterfront and non-waterfront home

sales run below average levels in February
Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 252 units in February 2023. This was down sharply by 39.1% from the same period in 2022.
Residential non-waterfront sales were 32.8% below the five-year average and 28.7% below the 10-year average for the month of February.
On a year-to-date basis, residential non-waterfront sales totaled 456 units over the first two months of the year. This was a substantial decline of 35.8% from the same period in 2022.
Sales of waterfront properties numbered 29 units in February 2023. This was down sharply by 62.8% from the same period in 2022.
Waterfront sales were 51% below the five-year average and 44.3% below the 10-year average for the month of February.
On a year-to-date basis, waterfront sales totaled 62 units over the first two months of the year. This was a substantial decline of 51.9% from the same period in 2022.
“Sales activity for both waterfront and non-waterfront properties is still coming in below typical levels for this time of year, and it may not be until the spring finally arrives that we begin to see any shifts in the market,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®. “There is a divergence in supply coming onto the market between the two property types at the moment, with new listings still very low for non-waterfront properties but having somewhat rebounded for waterfront homes. Overall inventories are still low by historical standards for both property types so there’s ample room to absorb any increases.”
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 $669,200 in February 2023, down sharply by 17.4% compared to February 2022.
The benchmark price for single-family homes was $687,800, a substantial decrease of 18.7% on a year- over-year basis in February. By comparison, the benchmark price for townhouse/row units was $601,900, a small reduction of 1.5% compared to a year earlier, while the benchmark apartment price was $486,000, falling by 1.4% from year-ago levels.
The median price for residential non-waterfront property sales in February 2023 was $695,000, a large decline of 18.7% from February 2022.
The more comprehensive year-to-date residential non-waterfront median price was $685,000, a substantial decline of 18.5% from the first two months of 2022.
The median price for waterfront property sales in February 2023 was $800,000, a big decline of 34.3% from February 2022.

 

The more comprehensive year-to-date waterfront median price was $874,950, a substantial decline of 23.9% from the first two months of 2022.

The total dollar value of all residential non-waterfront sales in February 2023 was $196.8 million, a sharp decrease of 52.2% from the same month in 2022.

The total dollar value of all waterfront sales in February 2023 was $29.3 million, down sharply by 72.8% from the same month in 2022.

 

 

Sales (all areas)

 February 2023 February 2022 Year-over-year

% change
Non-Waterfront Residential 252 414 -39.1
Waterfront 29 78 -62.8

 

 

Median price (all areas)

 February 2023 February 2022 Year-over-year

% change
Non-Waterfront Residential $695,000 $855,000 -18.7
Waterfront $800,000 $1,218,104 -34.3

 

 

Non-Waterfront Residential Sales

 February 2023 February 2022 Year-over-year

% change
Lakelands West 96 154 -37.7
Lakelands Central 107 185 -42.2
Lakelands North 49 75 -34.7

 

Non-Waterfront Residential Median Price February 2023 February 2022 Year-over-year

% change
Lakelands West $762,500 $962,500 -20.8
Lakelands Central $670,000 $861,187 -22.2
Lakelands North $606,875 $675,000 -10.1

 

 

Waterfront Residential Sales

 February 2023 February 2022 Year-over-year

% change
Lakelands West 5 6 -16.7
Lakelands Central 4 18 -77.8
Lakelands North 20 54 -63.0

 

 

Waterfront Residential Median Price

 February 2023 February 2022 Year-over-year

% change
Lakelands West $769,500 $1,277,750 -39.8
Lakelands Central $1,498,250 $1,128,500 32.8
Lakelands North $775,000 $1,247,500 -37.9

 

Lakelands West: The Blue Mountains, Clearview, Collingwood, Grey Highlands, Meaford, Wasaga Beach Lakelands Central: Midland, Orillia, Oro-Medonte, Penetanguishene, Ramara, Severn, Springwater, Tay, Tiny Lakelands North: Algonquin Highlands, The Archipelago, Bracebridge, Dysart et al, Georgian Bay Township, Gravenhurst, Highlands East, Huntsville, Lake of Bays, Minden, Muskoka Lakes, Parry Sound

 

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:

Matthew Lidbetter, President

The Lakelands Association of REALTORS® mlidbetter@sothebysrealty.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.

Lakelands Association of REALTORS® MLS® home sales expected to recover gradually with more stability this year

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Residential non-waterfront sales activity recorded through the MLS® System for the Lakelands region totaled 203 units in January 2023. This was down sharply by 31.4% from the same period in 2022.

Residential non-waterfront sales were 25.3% below the five-year average and 21.4% below the 10-year average for the month of January.

Sales of waterfront properties numbered 34 units in January 2023. This was down sharply by 33.3% from the same period in 2022.

Waterfront sales were 24.8% below the five-year average and 22% below the 10-year average for the month of January.

“Sales of both waterfront and non-waterfront properties were trending well below average in January, picking up right where 2022 left off. However, looking through the seasonality of the data we can see that there has been a marginal improvement on a monthly basis since activity bottomed out in July last year,” said Matthew Lidbetter, President of the Lakelands Association of REALTORS®. “Price levels for both types of properties are still in decline and we will likely see outsized year-over-year drops as we move past the one-year mark of the all-time highs experienced last spring. On the supply side, the stock of listings is being bolstered by a rebound in the non-waterfront segment, although supply levels are still well below historical averages. While nobody expects a return to the levels of demand we saw over the past two years, the general expectation for this year is one of more stability and gradual recovery.”

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 $665,600 in January 2023, a big reduction of 11.7% compared to January 2022.

The benchmark price for single-family homes was $685,900, a substantial decline of 12.7% on a year-over-year basis in January. By comparison, the benchmark price for townhouse/row units was $590,300, down only 0.4% compared to a year earlier, while the benchmark apartment price was $467,300, up modestly by 1.1% from year-ago levels.

The median price for residential non-waterfront property sales in January 2023 was $679,000, a large decline of 16.7% from January 2022.

The median price for waterfront property sales in January 2023 was $920,000, a large decline of 20% from January 2022.

The total dollar value of all residential non-waterfront sales in January 2023 was $169.2 million, a sharp decrease of 39.2% from the same month in 2022.

The total dollar value of all waterfront sales in January 2023 was $36 million, down sharply by 55% from the same month in 2022.

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 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:

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.

In 2022, Local REALTORS® supported our communities with over $90,000 in donations

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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.