Tuesday, January 18, 2022

2021 - A Record Year for Condo and Apartment Sales


With 530 homes exchanging hands last month, LSTAR REALTORS® wrapped up 2021 by recording their second best December for residential transactions since the Association started tracking data, back in 1978. This brings the total number of homes sold last year in LSTAR's jurisdiction to 10,964.

"2021 proved to be a very strong year for us, with the overall number of home sales approaching the 11,000 mark," said 2021 LSTAR President Jack Lane. "The COVID-19 pandemic, which forced numerous people to work from home for most of this year, continued to fuel our local housing market, bringing the inventory levels to historic lows and pushing the home prices up."

At the end of December 2021, there were only 175 active listings on the Association's MLS® system, with only 0.3 months of housing inventory left. The Aggregate Composite Benchmark price for the entire London-St. Thomas area was $657,600 - 37.5% higher than in December 2020, while the overall LSTAR average price sat at $707,219 - up 27.6% from a year ago.

"In 2021, the single-family home remained the favourite of the local home buyers, with 8,125 units sold year-to-date. However, 2021 was a record year for both condo and apartment sales, thanks to the 1,364 condo townhouses and 1,009 apartments that traded hands during the last twelve months," Lane said.

Sunday, January 9, 2022

Year End & Q4 2021 Market Report

 


Year End & Q4 2021 Market Report

 All in all, it was a good year in Real Estate with price increases across the board.

Lakefronts along the lake north of Grand Bend had similar listing and sales number year over year whereas second rows in this geographic area saw double the number of listings this year vs last with only 2 more sales year over year. You also saw the most significant price increase north of Grand Bend along the lake, nearly 76%, due to more higher end homes or fixed up cottages sell rather than the more traditional cottage seen in years past.

In Grand Bend listing inventory was down year over year but up this quarter while sales were down both on the year and the quarter. A strong market with high demand and limited inventory lead to a 40% increase in value.

In the Port Franks market, it was a stable market with slightly more inventory on the market this year over last year with sales remaining just under 2020 numbers with a 35% increase in value year over year.

If your thinking about selling, give us a call and lets get your home ready for the spring market!

Call The PEDLAR Team today for all your real estate needs at 519-238-5700!

Happy New Year everyone!




Social Media
 
Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!

We love to hear about your experience with The PEDLAR Team so please feel free to head to our facebook page and leave a review.

Click the link to leave a review: https://www.facebook.com/thepedlarteam/reviews/
 
If you or any of your friends and family are looking to buy or sell make sure to call us first!
Referrals are the greatest compliment

Check our website out by clicking the link below
The Pedlar Team Facebook
The Pedlar Team Website
The Pedlar Team YouTube
The Pedlar Team Twitter
 Doug Pedlar      Mark Pedlar     Garrett Pedlar 
    Broker of Record                         Broker                        Sales Representative
 
519-902-4099    519-670-0746     519-872-0910
 remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net

Tuesday, January 4, 2022

The Pedlar Team Update ~ January Newsletter

 


Welcome To 2022!

 

Hope the holidays treated everyone well and Santa brought a couple things from your wish list! It was a green Christmas around Grand Bend for a change but old man winter reminded us he still exists with some snowfall over the past few days.

We want to give a huge thank you to all our clients that put their trust in us to assist them in buying or selling this past year! We take great pride in helping clients achieve their goals and dreams!

Doug & Jeannette got lots of hugs over the holidays from their three grandkids, Chesney, Chloe & Charlotte! Check them out below.

As you may all know it seems the start of 2022 looks a lot like 2021 with the restrictions from government being put back in place. Today is the last day for indoor dining so to give our fantastic entrepreneurs a little boost I would encourage you to go eat at your local favourite spot so that they know they are appreciated. Dine in or take out ... we need to support our local restaurants and the fantastic team of employees that work in these establishments!

We are never far from our phones if you want to discuss the market so feel free to call us anytime at 519-238-5700.


Bank Of Canada Projects
Mid-2022 Interest Rate Increase

The Bank Of Canada  has announced that it is maintaining its record-low key interest rate at 0.25%, where it has remained since March of 2020. The global economic recovery continues following the impacts of COVID-19, being led by consumption. However, some regions are starting to see a moderation following a strong Q3. Inflation rates continue to rise in many countries, including Canada, which the Bank attributed to high demand for goods coupled with ongoing supply-chain issues. The Bank said it expects elevated inflation to persist through the first half of 2022, and is anticipated to ease back to two per cent in the latter half of the year.

The new Omicron variant has resulted in stricter travel restrictions in many countries, a drop in oil prices, and renewed sentiments of uncertainty.

The Bank reiterated its expectation for an interest rate hike in the second or third quarter of 2022.

Read the full article by clicking the link: https://blog.remax.ca/bank-of-canada-projects-mid-2022-interest-rate-hike/?fbclid=IwAR3fIV07uCXGJvoJSgGiB1K2sxmw4xKo96qP39JL0FEKEKIFg_y_XtRL1bk
 


New Ontario Government Policies
To Look Into For Your Benefit


The Ontario Government has come out with a couple new policies that can help a couple different groups of people.

The first one is Ontario's new staycation tax credit. The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the tourism and hospitality sectors recover from the financial impacts of the COVID-19covid 19 pandemic. Ontario residents can claim 20% of their eligible 2022 accommodation expenses, for example, for a stay at a hotel, cottage or campground, when filing their personal Income Tax and Benefit Return for 2022. You can claim eligible expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family. The credit will provide an estimated $270 million in support to about 1.85 million Ontario families.

Read the full details by clicking this link: https://www.ontario.ca/page/ontario-staycation-tax-credit

The second one is a rebate program for the most vulnerable of business due to the pandemic. Through the new Ontario Business Costs Rebate Program, eligible businesses will receive rebate payments equivalent to 50 per cent of the property tax and energy costs they incur while subject to the current capacity limits. This will provide support to businesses that are expected to be most impacted financially by the requirement to reduce capacity to 50 per cent. Examples of businesses that will be eligible for the Ontario Business Costs Rebate Program include restaurants, smaller retail stores and gyms. A full list of eligible business types will be made available through a program guide in mid-January 2022.

Read the full details by clicking this link: https://news.ontario.ca/en/release/1001372/ontario-launches-new-supports-for-businesses

 


9 Features To Look For In a
Family Friendly Home

 

Deciding to start a family is an exciting time — and so is searching for a new family friendly home. Look for the following features when home hunting, to ensure your new digs accommodate all its residents, big and small.

  1. Kid Corral
  2. Family Floor
  3. Parks & Rec
  4. Fenced In
  5. Bath Path
  6. Paint By Number
  7. Bedroom Eyes
  8. Step To It
  9. Childhood Memories


To dive in to what each of these exactly mean click this link: https://blog.remax.ca/9-family-home-features/?fbclid=IwAR39MfVwq6Qjoa8rfO74KmA6gTpRdN0gaKtYkoEl9yW6SnbPY_MCz9WFM38


Ontario Regional Referral Team


Looking to move outside of the area and not sure who to call? As always call The PEDLAR Team with any of your real estate needs! We are closely connected with a group of realtors that cover Southwestern Ontario. Along with our involvement in the Re/MAX community we are sure to line you up with a trusted knowledgeable real estate agent to make your plans a reality anywhere in North America, or the world for that matter because Re/MAX is global!

Check out the website for ORRT and learn more about the group: https://www.orrt.ca/

Get Your 2022 Grand Bend Locals Card!

 

Support Local With Your GRAND BEND Locals Card

It is the hope that this card will encourage you to choose local businesses, more often. They've been quietly adding new businesses, new offers and TWICE as many draws! As lovers of Grand Bend, we need to stick together and keep our businesses OPEN. These Local businesses who are unable to provide specific offers, have stepped up to help provide MORE CARDHOLDER Draws! More Draws = More Winning & More Local Spending. Let's support them, for all they do to support our community.
 

Click the link to see more information: https://grandbendlocals.com/


New To Lambton Shores?


The municipality of Lambton Shores is starting a new initiative of making municipality information easier to find out. Check the link out and see what things you didn't know about this awesome municipality. 

Click the link: https://www.lambtonshores.ca/en/living-here/new-to-lambton-shores.aspx?platform=hootsuite
 


Lambton County & Huron County
Business Map

 

A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county. 

Lambton County: http://www.shoplambton.ca

Huron County: https://huron.maps.arcgis.com/apps/webappviewer/index.html?id=dc52efb9fee04e748431bb74c8335c9f

Social Media
 
Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!

We love to hear about your experience with The PEDLAR Team so please feel free to head to our facebook page and leave a review.

Click the link to leave a review: https://www.facebook.com/thepedlarteam/reviews/
 
If you or any of your friends and family are looking to buy or sell make sure to call us first!
Referrals are the greatest compliment

Check our website out by clicking the link below
The Pedlar Team Facebook
The Pedlar Team Website
The Pedlar Team YouTube
The Pedlar Team Twitter
 Doug Pedlar      Mark Pedlar     Garrett Pedlar 
    Broker of Record                         Broker                        Sales Representative
 
519-902-4099    519-670-0746     519-872-0910
 remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net

Friday, December 31, 2021

Happy New Year Everyone!

 


Happy New Year Everyone!

 

Happy New Year from our family to yours! A huge thank you goes out to all our clients that made this an incredible year in real estate! Assisting buyers and sellers make some of the biggest decisions in their life is a job we take very serious.

See you all in 2022!

If you or any of your friends and family are looking to buy or sell make sure to call us first!
Referrals are the greatest compliment

Check our website out by clicking the link below
The Pedlar Team Facebook
The Pedlar Team Website
The Pedlar Team YouTube
The Pedlar Team Twitter
 Doug Pedlar      Mark Pedlar     Garrett Pedlar 
    Broker of Record                         Broker                        Sales Representative
 
519-902-4099    519-670-0746     519-872-0910
 remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net

Friday, December 17, 2021

LSTAR Sees Its Best November for Condo and Apartment Sales

 

816 homes traded hands last month in LSTAR's jurisdiction, bringing LSTAR's year-to-date total of residential transactions to 10,445. "This year-to-date figure is very close to the total number of home sales recorded at the end of 2017, which was the year with the highest sales activity in the history of LSTAR," said 2021 LSTAR President Jack Lane. "Compared to the same period last year, there were 4.7% less homes sold, but, overall, last month is the second best November for home sales since LSTAR started tracking data, back in 1978," he added.

The number of active listings at month end continued to decrease. There were only 379 active listings at the end of November in LSTAR's jurisdiction and only 0.5 months of inventory. "This value represents a new record low for our region's inventory and means that, at the current sales pace, the entire housing inventory of LSTAR could be liquidated in only two weeks," Lane emphasized.

The combination between the high demand and the very low supply is pushing the benchmark and average sales prices up. In November, the overall average home price for LSTAR was $673,995, while the LSTAR composite MLS® HPI benchmark price sat at $633,700.

According to a research report, a total of $73,250 in ancillary expenditures is generated by the average housing transaction in Ontario over a period of three years from the date of purchase. "In other words, our November home sales could generate more than $59 million in spin-off spending over the next three years, thus supporting the local economy," Lane said. "This goes to show how the real estate industry is fueling the economy and helps putting it back on the path to recovery," he concluded.


Thursday, December 2, 2021

December Newsletter ~ The PEDLAR Team Update

 


It's Beginning To Feel A Lot Like Christmas!

 

Hope everyone got there outside chores done before the snow came because winter has come! Always fun those first few times we get back to driving in the snow and remembering the seasonal rules for driving with the slicker roads. We got you covered with some safe winter driving tips in an article below. Don't forget to purchase local when looking for Christmas gifts this year as the local businesses need our continued support to come back stronger than ever. Have a great December and good luck with preparing for Christmas and the holidays!

Garrett got the drone out for some different angles of the Grand Bend hedges down by the marina. Check them out below.

We are never far from our phones if you want to discuss the market so feel free to call us anytime at 519-238-5700.


Re/MAX Canadian Housing Market
Outlook 2022

RE/MAX brokers and agents in Canada were asked to provide an analysis of their local market in 2021 and share their estimated outlook for 2022. Based on their insights, 95 per cent of housing markets in Canada are expected to be seller’s markets, impacted by limited housing supply and high demand.

According to the RE/MAX broker network in Ontario, market activity across the province is anticipated to remain steady in 2022, with continued average price growth, although at widely varying degrees. RE/ MAX brokers anticipate average sale price increases in smaller markets such as North Bay (four per cent); Sudbury (five per cent); Thunder Bay (10 per cent); Collingwood/Georgian Bay (10 per cent); and Muskoka (20 per cent), where the move-over trend has remained strong. Meanwhile, in larger markets within the province, there’s a possibility that more immigration could weigh on supply levels and prices, including Ottawa (five per cent); Durham (seven per cent); Brampton (eight per cent); Toronto (10 per cent); Mississauga (14 per cent). When it comes to price appreciation year-overyear, there are a few regions that stood out in 2021 for their exponential increases across all property types, including Brampton, which rose from $869,107 in 2020 to $1,085,417 in 2021 (25 per cent); Durham from $706,818 in 2020 to $914,48 in 2021 (29 per cent); and London from $487,500 in 2020 to $633,700 in 2021 (30 per cent). In comparison, Toronto experienced a modest seven-per-cent increase year-over-year ($986,085 in 2020 to $1,054,922 in 2021).

Read the full article by clicking the link: http://download.remax.ca/PR/2022CanadianHousingMarketOutlookReport_FULL.pdf
 


Tips For Winter Driving From OPP

With snow and ice on Ontario roads, the OPP encourages all drivers to follow these tips:

✅ plan your route and give yourself extra time
✅ check the weather forecast before leaving
✅ ensure your lighting system is always on, especially in poor visibility
✅ keep an emergency safety kit in the vehicle
✅ stay two car lengths back from the car in front of you

 


We Love What's Local Winners!

 

Huge thank you goes out to everyone that voted for us and made us the contest winners for best real estate agents in the area! It is greatly appreciated and an honour to have our community recognize us in this special way. We will post the interview video that was conducted as part of winning as soon as we get our hands on it! We always strive to give back to our community in various ways and just made our yearly donation to the Children's Miracle Network pictured below. Even Gem got in on photo time! With every client that we help sell or purchase a home we make a donation that goes directly to our local hospitals specializing in the care of children. 

Click the link to see all the other local winners: https://welovewhatslocal.ca/


FOR SALE
Steps From Lake Huron
#9 - 5 River Road, Grand Bend
Riverfront Condo With Dockage
Listed at $499,900

 
Riverfront condo in the heart of Grand Bend just steps to the sandy beaches of Lake Huron, Blue Flag designated marina and all the shops and restaurants of Main Street. The condo unit features 1528 sqft of living space with a single car garage, 2 bedrooms plus den and 2 ½ baths. Great for year round living or your personal escape from the city. On the main floor you have your eat in kitchen with updated appliances and patio doors leading to your front patio entrance. Spacious living room with hardwood floors, pot lighting, gas fireplace and sliding doors leading to your 9’ x 16’ patio overlooking the River. Updated powder room on the main floor. Upstairs you have updated vinyl plank flooring throughout with your primary bedroom overlooking the river, guest bedroom and updated main bath. Extra living space in the lower level with a den and second full bathroom. Access the attached garage from the lower level that has lots of room for storage. Condo grounds are well landscaped with walkways, gazebo sitting area overlooking the river and river boardwalk with docking. Docking available through the association for up to a 25’ boat. No short term rentals allowed in the complex. Come enjoy the lifestyle of Grand Bend today.

Click the link to watch the virtual tour: https://www.youtube.com/watch?v=n6QfA9H2QUE
 


Events In The Community
For December


Port Franks Holiday Marketplace - 9997 Port Franks Road, Port Franks
December 4 (10am - 4pm)

Parkhill Christmas Market - 224 McLeod Street, Parkhill
December 4 (9am-2pm)

Pet Photos With Santa @ The Bend Cannabis Co. - 19 Main Street, Grand Bend
December 4 (Noon - 8pm)

Dark Horse Estate Winery Christmas Market - 70665 B Line, Grand Bend
December 5, 12, 19 (11am - 5pm) 

Christmas In The Park Forest - 15 Main Street N, Forest
December 5 (4pm - 7pm)

Grand Bend Santa Pub Crawl
December 18 (Starts at 6:30pm)

A Jazzy Christmas In Forest - 21 James Street N, Forest
Live 'Drive-In Concert December 19 (2-3pm)

Have an event you would like us to post in our monthly newsletter? Send to remaxgarrett@hay.net and we will make sure to mention your event.


Ontario Regional Referral Team


Looking to move outside of the area and not sure who to call? As always call The PEDLAR Team with any of your real estate needs! We are closely connected with a group of realtors that cover Southwestern Ontario. Along with our involvement in the Re/MAX community we are sure to line you up with a trusted knowledgeable real estate agent to make your plans a reality anywhere in North America, or the world for that matter because Re/MAX is global!

Check out the website for ORRT and learn more about the group: https://www.orrt.ca/

Get Your 2022 Grand Bend Locals Card!

 

Support Local With Your GRAND BEND Locals Card

It is the hope that this card will encourage you to choose local businesses, more often. They've been quietly adding new businesses, new offers and TWICE as many draws! As lovers of Grand Bend, we need to stick together and keep our businesses OPEN. These Local businesses who are unable to provide specific offers, have stepped up to help provide MORE CARDHOLDER Draws! More Draws = More Winning & More Local Spending. Let's support them, for all they do to support our community.
 

Click the link to see more information: https://grandbendlocals.com/


New To Lambton Shores?


The municipality of Lambton Shores is starting a new initiative of making municipality information easier to find out. Check the link out and see what things you didn't know about this awesome municipality. 

Click the link: https://www.lambtonshores.ca/en/living-here/new-to-lambton-shores.aspx?platform=hootsuite
 


Lambton County & Huron County
Business Map

 

A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county. 

Lambton County: http://www.shoplambton.ca

Huron County: https://huron.maps.arcgis.com/apps/webappviewer/index.html?id=dc52efb9fee04e748431bb74c8335c9f

Social Media
 
Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!

We love to hear about your experience with The PEDLAR Team so please feel free to head to our facebook page and leave a review.

Click the link to leave a review: https://www.facebook.com/thepedlarteam/reviews/
 
If you or any of your friends and family are looking to buy or sell make sure to call us first!
Referrals are the greatest compliment

Check our website out by clicking the link below
The Pedlar Team Facebook
The Pedlar Team Website
The Pedlar Team YouTube
The Pedlar Team Twitter
 Doug Pedlar      Mark Pedlar     Garrett Pedlar 
    Broker of Record                         Broker                        Sales Representative
 
519-902-4099    519-670-0746     519-872-0910
 remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net