The unrelenting pace and demand for housing generated a substantial 65.2 % increase over October 2019 with an impressive 309 sales reported vs 187 sales for the same period last year. Only 263 new listings came to market in October 2020 compared to 320 last October. This represented a 17.8 % decrease year over year and clearly illustrated the ongoing supply crunch the region has been experiencing. The result of sales increasing and fewer new listings coming to market drove active listings down 57.3 %, from 675 at month’s end in October 2019 to a meagre 288 in October 2020.
Months of Inventory was at a low of 0.9 months, further evidence of the historically low supply and very tight market conditions. Given the insufficient number of properties for sale vs the ongoing, frenzied demand, along with the appetite for many people with big budgets to purchase higher priced homes, it was no surprise that the average sale price in the Western Region reached a record high of $739,990 in October 2020, boasting a 29.4 % increase over last year’s already lofty average sale price. This trend of extraordinarily high sale prices combined with the persistent strong demand propelled the dollar volume for October up 113.9 % over last year. The Sales to New Listings Ratio doubled from a balanced market of 58.4 in October 2019 to 117.5, a true testimony that the red hot Seller’s market the Region has been experiencing this year was still at play. Buyers on the other hand were feeling the pressure, with the median days on market reported at 18 days.
Buyers were often forced to make quick decisions and submit unconditional offers while competing in multiple offer situations. With the pandemic creating such unprecedented conditions this year, the question that remains on everyone’s mind is how much sizzle is left in this market. There are forces currently at play such as low interest rates creating opportunity and desire for many to purchase in the Western Region of Southern Georgian Bay, counterbalanced by anxiety of what stricter measures to curb the spread of the coronavirus may bring. We will have to wait and see how people react in these precarious times.
This fundamental shift in how and where people want to live and work has certainly driven many families, empty nesters, weekenders, investors and first time buyers to seek a real estate opportunity in the Western Region of Southern Georgian Bay. With most travel plans, weddings and family events on hold for the foreseeable future, the decision for many to re-allocate those funds to purchase a property likely helped push the number of sales in the Western Region up a staggering 70.8 % over July 2019, with 369 sales reported in July vs 216 sales for the same period last year. The dollar volume for July 2020 skyrocketed 110.9% over last July. As a result of this red-hot demand and short supply, the average sale price in the Western Region hit an all time record high of $686,430 in July 2020; up 23.5 % over last year.
Some potential sellers, however, saw the opportunity to strike while the iron was hot, driving new listings up 9.7% to 373 from 340 in July 2019. Nonetheless the Sales to New Listings Ratio was 98.9, up from 63.5 in July 2019, a true indication of ongoing seller’s market conditions. With so many properties selling, active listings were down 36.7 % over last July with 553 properties available vs 874 in July 2019, sending the Months of Inventory plummeting to a record low of 1.5 months.
The extraordinary pace and urgency of the market created conditions reminiscent of the 2017 market frenzy. At that time, the Government intervened with the Fair Housing Plan to cool the market. Currently, government assistance to soften the financial hardships from COVID-19 has created a temporary sense of security however, concern of a second wave of COVID-19, another lockdown and job instability may contribute to an adjustment in the market in the months ahead. For the time being though, pre existing pent up demand combined with exceptionally low inventory and low interest rates remain key factors in price strength and will likely continue over the summer and into the fall, making the Western Region of Southern Georgian Bay a desirable and safe place to invest.
As Ontario moved ahead cautiously to reopen the province, it appeared that many residents from the GTA took the opportunity to leave the city in order to find a safer haven in which to live and play.
And with travel plans on hold for many, the urgency to find a vacation home for the summer of 2020 created a super hot market in the Western Region of Southern Georgian Bay, ultimately driving the average price for the Western Region up to an almost record high of $628,202; up 18.5 % over last year. Likely due to more movement in higher priced proper-ties and incredibly short supply combined with strong demand, the Dollar Volume was pro-pelled to an astounding 82.0% increase over last June. Sales activity increased an astonishing 53.6 % with 281 sales reported in June vs 183 sales for the same period last year.The onset of the pandemic in March initially forced many potential sellers to hold back howev-er, the success of virtual showings and safety protocols for in-person showings over the past few months encouraged some sellers to jump into the market in June, slightly relieving an al-ready tight market. There was a modest 2.9% increase in new listings over last year, with 420 new listings reported at the end of June 2020 vs 408 in June 2019. With supply not keeping up with demand, it’s not surprising that active listings were the lowest they had been in the last decade. Active listings were down 28.4% over last June with 645 properties available vs 901 in June 2019 driving the Months of Inventory down to 2.3 months.The pandemic has certainly turned the world upside down, forcing many people to re-evaluate their priorities, including where they choose to live. If this trend continues, we should expect a strong outcome for 2020 – even with COVID-19 interrupting the market mid-March to end of May. The biggest challenges moving forward will be the ongoing supply issue that pre-existed COVID-19, and the uncertainty that lies ahead. We have not yet seen the full economic impact of COVID-19 however, it does seem safe to say that the Western Region of Southern Georgian Bay real estate market should remain strong for the foreseeable future with attractive and affordability options for those seeking a home in the region.
LOCAL FRESH! There are many Farmer’s Markets in Southern Georgian Bay scheduled from May long weekend or first week of June to Thanksgiving. Local markets are scheduled on different week days so you can shop them all!
Collingwood Farmers Market
Every Saturday from 9:00 a.m. – 1 p.m.
Corner of Second and Pine Streets, Collingwood
If you’re heading to the Collingwood Downtown Farmers’ Market please remember your mask 😷 as they are mandatory! 🍓🥒🍩 #ShopLocal vendors of organic vegetables and fruit, baking, meats and cheeses, flowers and trees, jams and preserves, handcrafted items and more.
You can pre-order at www.CollingwoodCommons.com
It’s open at 8 a.m. to 9 a.m. for pre-ordered items and seniors, and will continue to 1 p.m. 📍 located in the municipal parking lot at the corner of Second and Pine Streets.🐕 Please leave your dog at home as they are not allowed in the market. See you there, Collingwood! Stay up-to-date on their Facebook Page CollingwoodFarmersMarket
Creemore Farmers’ Market
Every Saturday 8:30 a.m. – 12:30 p.m. Victoria Day to Thanksgiving
Creemore Springs Brewery
Corner of Mill and Edward St
2020 Update: Order in advance for pickup or shop in person.
Www.openfoodnetwork.ca/groups pick Creemore Farmers’ Market and then find your vendors.
Stay updated: https://www.facebook.com/CFM.marketmanager/
Winner of the 2001 Market of the Year, the Creemore Farmers’ Market aims to bring new experiences to it’s customers. Check out the selection of local vegetables, fresh baked goods, honey, syrup, meat, plants, crafts, and much more directly from producers that care. www.creemorefarmersmarket.ca
Stay up-to-date on their Facebook Page
Thornbury Farmers Market
Every Sunday from 11 a.m. – 1 p.m.
30 Mill St. Thornbury
Order online and pickup your goodies at Smith Memorial parking lot Sunday between 11am – 1pm! https://www.localline.ca/thornbury-farmers-market
Fresh seasonal vegetables and fruit – including organics, baking, deli meats, frozen entrees & desserts, maple syrup, local honey, jellies, cut flowers, local crafts and more.
Look for the market along Hwy. 26 beside the The Blue Mountains Town Hall.
Stay up-to-date on their Facebook page Thornbury Farmers Market
Meaford Farmers Market
Every Friday from 3-7pm
1 St. Vincent St. Meaford Marina Park
The Meaford Farmers’ Market is temporarily closed due to COVID-19, however, you can still enjoy farm fresh and local products by placing orders with our vendors. Order Online for pick-up:
Produce, baked goods and more plus live music and activities for kids. Fresh, seasonal fruits, vegetables and herbs, premium meats, preserves, honey and maple syrup, baked goods, art & crafts. All products are from a 100km radius of Meaford.Fun activities for kids at the Children’s Library Tent as well as other events for the whole family!
Stay up-to-date on their Facebook Page Meaford-Farmers-Market
New Lowell Farmers Market
Every Wednesday from 6pm-dusk – June 6 to August 29th
New Lowell Park Pavilion | 5212 County Road 9, New Lowell
2020 Update: Currently no information available.
Join local vendors under the New Lowell Park Pavilion for fresh in season produce and other other local products.
Stay up-to-date on their Facebook page New Lowell Farmers Market
Stayner Music Market and Park It
Every Thursday from 5:30-8:30pm from first week in June to end of August.
Station Park – 7259 Highway 26
2020 Update: Currently no information available.
Classic cars, live music and over 60 vendors. Come out and enjoy locally produced and prepared foods, fruits and vegetables, homemade crafts, live local music and a car show. For more details, visit Clearview.ca and click on events.
Beyond the ski hills of South Georgian Bay are some of Ontario’s most pristine freshwater beaches. Stretching from Meaford to Wasaga Beach are numerous beaches where you can canoe, kayak, swim, stroll the shores of Georgian Bay or simply enjoy the sunshine.
Listed below are the beaches and amenities at each area to make planning your day at a South Georgian Bay beach easier.
With over 14kms of white sand beach, Wasaga Beach has long been hailed one of Ontario’s premier tourist destinations. Here you can swim in shallow, warm, clean waters and enjoy the beautiful view of the mountains across the bay. Wasaga Beaches # 1, 2 & 5 are the first provincial park beaches in Canada to be awarded the “Blue Flag” designation for its clean, accessible beaches. For more information on this high safety standards eco-certification please visit Blue Flag. Because of its size, Wasaga Beach has been divided into six smaller beaches, as well as New Wasaga Beach, that has been divided off by beaches 1-6 by the Nottawasaga River. Further north is Allenwood Beach.
Boasting the best fries in town, Sunset Point Beach is in Collingwood’s east end just off Pretty River Parkway. It features a rock beach and large green space for biking or walking, Adjacent is Enviro-Park – an eco-themed playground enjoyed by young families.
This pristine park has no beach offering but is a popular place to jump off the pier into Georgian Bay. It is part of a vast waterfront area that include the Collingwood terminals. It offers both paved and natural trails for biking and walking.
Located across from the Heritage Depot in Craigleith on Highway 26, Northwinds Beach is a beautiful sandy beach. Located onsite is a non-motorized watercraft rental kiosk making this area a popular spot for kayaking, canoeing, windsurfing and stand up paddle boarding. Paddle board excursions to Mary Ward Shipwrecks are offered by Eagle Adventures and Free Spirit Tours and Blue Surf offers paddle lessons.
With views of the ski hills and Georgian Bay, this sandy pebble beach also offers swing sets, picnic tables and a portable toilet.
This pebble beach waterfront park is extremely popular with beach goers. It features a playground and a pier that is a great place to jump off into Georgian Bay. It is located within walking distance of the downtown Thornbury shopping area.
This sandy beach is located within a cove for protected swimming, kayaking and paddling, It is a small quiet beach just past the Lora Bay Golf Club
This family & pet friendly park features a pebble beach & playground. It is one of Thornbury’s favourite picnic areas because of its large covered pavilion and beautiful greenspaces. It is ideal for large family reunions, weddings and social gatherings.
Boasting an incredible view of Georgian Bay’s natural landscape is this quiet, sandy beach. It features shallow water that is perfect for families and young children. The beach stretches from Meaford to Thornbury at the end of Christie Beach Rd
A picturesque park & campground, Memorial Park, features 468 metres of beach with a ton of amenities. It features ample free parking, a pet friendly environment with a portion of the beach dedicated to dogs, picnic areas with a snack bar and 135 fully serviced campsites.
Adjacent to the Marina in Meaford, is David Johnson Park. This quiet beach features a mobi- matt allowing those with mobility challenges to access this waterfront location.
Minutes from Meaford’s downtown district is this smooth pebble beach. It is the hub of waterfront activities and features a wooden ship play structure with swings on one of the two public beach areas.
Located next to the Meaford Museum, McCarroll Park features a splash pad, picnic area, washrooms, a beautiful green space and parking