For many, the month of September is in some ways the beginning of a new year. After two months of summer spending time away from work, school and a regular routine it is an opportunity to start fresh. Depending on the family September can represent a variety of firsts; kindergarten, high school and even college or university. For some youngsters September may be the first time they lace up a pair of skates and participate in their first hockey practice. September, for many is a return to a normal routine and the hectic pace of the start of the busy fall schedule. Therefore it is not unexpected that with the return of many “firsts” there is a levelling off in the real estate market before we head full on into what should be a busy winter/ski season.
 
Although real estate remains a matter contingent on the uniqueness and vagaries of the local market, the Canadian Real Estate Association (CREA) recently released its national statistics for the month of September. Although the month of September witnessed for the first time this year a month over month decline in sales (1.4%) the national average year over year (September 2014 versus September 2013) saw a 10.6% increase in the total number of sales and a 5.9% increase in the national average sale price again when compared year-over-year.
 
September also marks the end of the third quarter and “sales activity and prices in the third quarter were up compared to the second quarter, although momentum going into the fourth quarter is showing tentative signs of waning,” said Gregory Klump, CREA Chief Economist. However, activity for the month of September is consistent with the 10-year average for the month of September and other market fundamentals including “months of inventory” and “low-interest rates” remain both sound and without any foreseeable change in the near future.
 
Locally, sales for the month of September for the Town of Collingwood, Blue Mountains, Meaford, Grey Highlands and Clearview Township (five regions) remain healthy when you take into account the month over month trend for the calendar year. Across the five regions within the western district of the Southern Georgian Bay Association of REALTORS® (SGBAR) trading area the sale to list price as a percentage remains constant with an average of 96% with one notable exception and that is for condominiums within the Blue Mountains within proximity of the Village at Blue where the average is 92%. Days on Market for each of the regions is also consistent with the nine month average for 2014. However, with the exception of the Collingwood area there was a slight pullback in the average sale price for the other four regions. Although the data provided by (SGBAR) for the western region formerly known as the Georgian Triangle is currently limited due to technical fallout from the merger with the eastern region of the Southern Georgian Bay area, the data does indicate that the marketplace continues to be stable for the first three quarters of 2014. In addition when comparing the statistics for September 2014 to 2013 the numbers are all either higher or on par for 2014 when compared to a year ago which demonstrates year over year growth in the marketplace.
 
Perhaps the biggest news of the fall for the Southern Georgian Bay area was the announcement on September 12th by Intrawest Corp., that they had completed a $58 million dollar acquisition for the remaining 50% of the family owned Blue Mountain Resorts Ltd. The announcement was met with mixed emotions especially from those who have grown up with the Weider family and who have for generations witnessed the transformation of the once tiny southern
 
Ontario ski hill into the four-season destination resort that it has become. The family’s impact on the local economy and ski industry as a whole is significant and its footprint will be felt for years to come.
 
 Not surprisingly the resort continues to evolve and as evidence of this, Skyline Development Inc., recently released nine lots adjacent to Club Intrawest and the 18th fairway of the Monterra lf course selling out in one day. Ellen Jarman, sales representative with Chestnut Park Real Estate Limited, Brokerage, represented the single purchaser of all nine lots. According to Ellen, “he recognized the tremendous opportunity to create a small enclave of resort inspired homes within walking distance to the Village at Blue.” Ellen is currently working with the developer and a team of professionals to create a product of modern and sophisticated homes inspired by the mountain lifestyle which will include everything on today’s buyers’ wish list. Watch for further details about this unique opportunity in the months to come.
 
As we move toward another ski season many forecasters are predicting a repeat of the great wintry conditions we experienced last winter. Perhaps, in anticipation of that, sales activity for both recreational properties and seasonal rentals have been strong this fall. This level of activity which is being anecdotally reported by many within the Brokerage suggests that the fourth quarter for the Collingwood and Southern Georgian Bay marketplace will be strong and should carry over into the New Year. The main qualification to a positive forecast is the general uncertainty in global markets and the ongoing lacklustre recovery in Canada. While recent economic numbers and reports from south of the border have been promising, it is not clear whether the American economic performance is strong enough to influence global market conditions or is otherwise fully sustainable in the circumstances. The Southern Georgian Bay marketplace however, remains affordable, stable, and attractive on many fronts and thus should be well placed to weather any storm clouds that may be brewing on the horizon.
 
 
Prepared by: Keith Hull, Broker and Office Manager, Collingwood/Southern Georgian Bay & Richard Stewart, Vice-President & Legal Counsel at Chestnut Park Real Estate Limited, Brokerage
 
(Image provided by http://www.cgardiner.ca/)

For many, the month of September is in some ways the beginning of a new year. After two months of summer spending time away from work, school and a regular routine it is an opportunity to start fresh. Depending on the family September can represent a variety of firsts; kindergarten, high school and even college or university. For some youngsters September may be the first time they lace up a pair of skates and participate in their first hockey practice. September, for many is a return to a normal routine and the hectic pace of the start of the busy fall schedule. Therefore it is not unexpected that with the return of many “firsts” there is a levelling off in the real estate market before we head full on into what should be a busy winter/ski season.
 
Although real estate remains a matter contingent on the uniqueness and vagaries of the local market, the Canadian Real Estate Association (CREA) recently released its national statistics for the month of September. Although the month of September witnessed for the first time this year a month over month decline in sales (1.4%) the national average year over year (September 2014 versus September 2013) saw a 10.6% increase in the total number of sales and a 5.9% increase in the national average sale price again when compared year-over-year.
 
September also marks the end of the third quarter and “sales activity and prices in the third quarter were up compared to the second quarter, although momentum going into the fourth quarter is showing tentative signs of waning,” said Gregory Klump, CREA Chief Economist. However, activity for the month of September is consistent with the 10-year average for the month of September and other market fundamentals including “months of inventory” and “low-interest rates” remain both sound and without any foreseeable change in the near future.
 
Locally, sales for the month of September for the Town of Collingwood, Blue Mountains, Meaford, Grey Highlands and Clearview Township (five regions) remain healthy when you take into account the month over month trend for the calendar year. Across the five regions within the western district of the Southern Georgian Bay Association of REALTORS® (SGBAR) trading area the sale to list price as a percentage remains constant with an average of 96% with one notable exception and that is for condominiums within the Blue Mountains within proximity of the Village at Blue where the average is 92%. Days on Market for each of the regions is also consistent with the nine month average for 2014. However, with the exception of the Collingwood area there was a slight pullback in the average sale price for the other four regions. Although the data provided by (SGBAR) for the western region formerly known as the Georgian Triangle is currently limited due to technical fallout from the merger with the eastern region of the Southern Georgian Bay area, the data does indicate that the marketplace continues to be stable for the first three quarters of 2014. In addition when comparing the statistics for September 2014 to 2013 the numbers are all either higher or on par for 2014 when compared to a year ago which demonstrates year over year growth in the marketplace.
 
Perhaps the biggest news of the fall for the Southern Georgian Bay area was the announcement on September 12th by Intrawest Corp., that they had completed a $58 million dollar acquisition for the remaining 50% of the family owned Blue Mountain Resorts Ltd. The announcement was met with mixed emotions especially from those who have grown up with the Weider family and who have for generations witnessed the transformation of the once tiny southern
 
Ontario ski hill into the four-season destination resort that it has become. The family’s impact on the local economy and ski industry as a whole is significant and its footprint will be felt for years to come.
 
 Not surprisingly the resort continues to evolve and as evidence of this, Skyline Development Inc., recently released nine lots adjacent to Club Intrawest and the 18th fairway of the Monterra lf course selling out in one day. Ellen Jarman, sales representative with Chestnut Park Real Estate Limited, Brokerage, represented the single purchaser of all nine lots. According to Ellen, “he recognized the tremendous opportunity to create a small enclave of resort inspired homes within walking distance to the Village at Blue.” Ellen is currently working with the developer and a team of professionals to create a product of modern and sophisticated homes inspired by the mountain lifestyle which will include everything on today’s buyers’ wish list. Watch for further details about this unique opportunity in the months to come.
 
As we move toward another ski season many forecasters are predicting a repeat of the great wintry conditions we experienced last winter. Perhaps, in anticipation of that, sales activity for both recreational properties and seasonal rentals have been strong this fall. This level of activity which is being anecdotally reported by many within the Brokerage suggests that the fourth quarter for the Collingwood and Southern Georgian Bay marketplace will be strong and should carry over into the New Year. The main qualification to a positive forecast is the general uncertainty in global markets and the ongoing lacklustre recovery in Canada. While recent economic numbers and reports from south of the border have been promising, it is not clear whether the American economic performance is strong enough to influence global market conditions or is otherwise fully sustainable in the circumstances. The Southern Georgian Bay marketplace however, remains affordable, stable, and attractive on many fronts and thus should be well placed to weather any storm clouds that may be brewing on the horizon.
 
 
Prepared by: Keith Hull, Broker and Office Manager, Collingwood/Southern Georgian Bay & Richard Stewart, Vice-President & Legal Counsel at Chestnut Park Real Estate Limited, Brokerage
 
(Image provided by http://www.cgardiner.ca/)

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