The volume metrics I was optimistic about have regressed pretty substantially. Even more surprising is that price seems to show some surprising resilience against the volume challenges in the market right now. I think this is a good thing, but I'm reluctant to give it too much credit right now as it seems to be evolving as a selection bias. Selection Bias in York Region House Price Growth The easiest way to visualize this is by evaluating the price rebound we've seen is to try to... [read more]

  The Canadian... [read more]

It's interesting to see the demand for homes for sale in Georgina and York Region that has resulted, consequence to the following article. Via BNN Millennials need to adjust their expectations when it comes to living in single-family homes, according to Toronto’s chief city planner. “The reality is not everyone can live in a ground-oriented, single-family home. It’s simply not possible,” Jennifer Keesmaat told BNN in an interview. “There’s not... [read more]

Interestingly, the geographic distribution of sales volume of homes sold in Georgina has seemed to spread itself more evenly, with a large decrease in homes sales in Keswick South, paired with an increase in homes sales in Keswick North and Sutton & Jackson’s point, putting these three areas within 4 home sales of one another. Total home sales in Georgina decreased by only 5 units for a total of 122 homes sold in Georgina in July: •7 homes sold in Baldwin •0 homes... [read more]

Click to View the full Georgina Real Estate Market Report  A collective sigh of relief can be heard among homebuyers everywhere – the bidding wars have slowed down in Georgina, but have not disappeared entirely. We measure bidding wars and multiple-offer situations by looking at the sale to list price ratio in each area. The average sale to list price ratio was 98% in Georgina this month, down from 104% at the peak of the spring market. Keswick South and Keswick North seem to be... [read more]