The Collingwood area, like the rest of the world, is reacting to the economic
uncertainties of our time, yet Can. Real Estate Mag. says we're one of
10 best places to invest in the country! Our bullish belief in real estate
and this area as excellent investment vehicles goes forward, too. Consider
the numbers of people who will choose to have a property in the Georgian
Triangle in the next 20-30 years! We have the lifestyle and amenities to
attract the active retiree, we have the infrastructure and facilities to
attract young families, and we have the fun and games to attract vacationers
all seasons. The astute investor looks to the future. Include in your calculations
your own enjoyment of this playground just 2 hours from our country's major
commercial centre, where else could you feel so safe, personally, socially, & economically?
GOOD NEWS (for a change!): The Fed. Gov't adjusted mortgage rules to protect & strengthen
our housing market; Bank of Can. says "major reversal in house prices
is unlikely in the near term"; IMF declares "Can. 1 of only 2
major-market countries where home prices are undervalued" and "turbulence
in the housing sector won't lead to macroecomonic instability as in the
US"; MPAC in '09 will have to prove the high assessment on your property
if you challenge them (not vice-versa as it has been); Clarksburg is $5M
closer to municipal water & sewer servicing (call or e us for details).
LOCAL MLS® STAT'S: While the Georgian Triangle shows a slowing listing
to sales ratio due to the plethora of choice for buyers today ('07 was
38%, '08 is 31% so far), the overall average residential sale price is
still up 1.26% and 864 residential properties have sold, only 10% less
than Jan-June '07. In Clearview, Collingwood, & The Blue Mountains,
to date 129 condos have changed hands, a 41% list to sell ratio, ranging
in price from $67,900 to $620,000, and in Clearview, Collingwood & TBM
to date 284 detached homes have sold, also a 41% list to sell ratio, with
a price range of $125,000 to $1,880,000. In terms of popular price point
throughout the region - 511 sales $100-$250K, 310 sales $$250-$500K, 51
sales $500-$800, 6 sales $800K-$1M, & 8 sales $1M+.
In our own stock portfolios, our managers are "taking the opportunity
to buy many great businesses at very attractive prices" - a compelling
message for real estate buyers, and to quote two good clients: "In
adversity, North Americans re-invent themselves. The other side of this
valley will be huge!"
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