April 2018- Georgina Market Report Infographic - Annualized Rolling Average

As mentioned previously, the trend for average and median prices still remains downward. We previously anticipated some price growth leading into the April and May spring real estate market in Georgina, however, macroeconomic trends, especially bank speculation of a rising interest rate environment, have suppressed demand and caused a number of prospective buyers to take a “wait and see” approach to buying real estate in Georgina. As a result, homes in Georgina are selling less frequently and for less money than we anticipated in April 2018.