An October Not To Forget!
An amazing October for weather and to much good food due to Thanksgiving celebrations! We hope you all were able to take advantage of the sunshine and unseasonably warmer weather. Was great for all the trick or treaters last night so they didn't have to hide their awesome costumes behind layers of coats.
November 11 is coming up and there are lots of options for ceremonies around the area. Local ceremonies are held at the Grand Bend Legion, Forest Cenotaph, Exeter Cenotaph, Parkhill Legion, Thedford Cenotaph, St.Joseph Cenotaph, Kettle & Stoney Point Cenotaph and more. Lots of options depending where you are at that hour to pay your respect's.
November is also the start of holiday markets around town and the area! These are mostly local vendors attending these markets to show off their talents and make for a great gift that you won't find anywhere else, definitely not on amazon! Keep an eye on our socials to find out where these are happening in the area and we will be sure to share the market posts.
As many of you saw we saw a larger drop in the Bank of Canada overnight rate dropping by 50 basis points which brings us to 3.75% currently. With another decision by Bank of Canada coming December 11 it is already being discussed that another 50 basis point could be expected. It is predicted by experts that a 25 basis point reduction is certain with a 50 basis point reduction being probable. We have been asked by lots of clients how is this impacting the market? It is certainly helping those buyers looking to get a mortgage and allowing them to have better purchasing power. BUT the reason the banks are reducing quicker then anyone predicted is because the economy is in tough shape with unemployment climbing and so forth. We really didn't see a difference in consumer confidence until the third rate cut in September where we saw a more active fall market then expected. This recent rate cut is good to see but this time of year is also naturally a slower time due to the holidays on the short term horizon and is always a busier time for people. I would expect we won't see much difference in the market until next spring once the holidays are over, a new year begins and new optimism about the economy comes to light.
We are never to busy to talk real estate so give us a call at 519-238-5700! |
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The PEDLAR Team Food Drive 2024
It is our third year running this food drive with Green Bucks Country Christmas Store and it was a great success the first couple years! This year we are excited to be giving our food drive items to the brand new Grand Bend Community Food Pantry at Huron Shores United Church! So let's make this years contributions to our local food bank even better! Bring in a bag of non-perishable food/hygiene products to our office at 46 Ontario Street S, Grand Bend during business hours (Monday to Friday 9:30-5) and be entered into a draw. With each bag receive one ballot to enter into our draw for a $200 gift card to the Green Bucks Country Christmas Store to one lucky donor! Drop offs are accepted anytime from Nov 1 - Nov 30, 2025. The local food bank is in high demand for non-perishable food and personal hygiene items if you are looking for ideas.
We appreciate all the support from Lambton Shores Nature Trails of our food drive so check out there poster below and attend their event if interested! They are collecting donations for our FOOD DRIVE and can't thank them enough.
THANK YOU to those that donate or share our post on instagram and facebook to spread the word! |
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End Of November Gets The Holiday Season In Full Swing With Christmas Parades!
Light-Up Grand Bend, put on by the Jingle Bells Group, is December 16th in Grand Bend!
Christmas Parades in the area are as follows:
November 16th - Exeter
November 24th - Parkhill
November 30th - Grand Bend
November 30th - Forest
We will be taking part in the Grand bend & Parkhill Parades so see you there!
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How Will the BOC Interest Rate
Impact My Mortgage?
Homebuyers, sellers, market watchers and the broader Canadian real estate industry keep a close eye on the Bank of Canada’s interest rate announcements every six weeks. They always make headlines and can have a pronounced effect on the housing market, depending on which direction the Bank moves. So, how will the rate impact your mortgage? Let’s find out.
We consider many variables in life before making any big decision, and one of the most important ones to think about when buying a home is the current state of interest rates. While a low interest rate is desirable for a prospective buyer, as it means they have more purchasing power, lower rates may not be all they are cracked up to be. Interest rates fluctuate. They rise and fall in response to the economy and world events, and can significantly impact the amount you pay for your home over the lifespan of your mortgage. Typically, mortgage loans are either based on a fixed interest rate or an adjustable/variable interest rate. With a fixed rate, you are locked in at one specific interest rate for your current mortgage term, commonly a five-year term but it can be shorter or longer). With a variable-rate mortgage, your interest rate will fluctuate with the market over your term. The borrower must determine which is the better option, but that isn’t always clear cut. If you lock into a fixed-rate mortgage, you will not benefit from any interest-rate decreases in the future. With that said, you’ll also have the comfort of knowing your interest rate and payments won’t change for the duration of your locked-in term. Alternatively, if you choose a variable rate, you’ll have to endure economic ups and downs, and the amount of interest you pay on your mortgage could be higher (or lower) than expected. Some also find this option more challenging to budget for.
Read the full article click the link: https://blog.remax.ca/how-will-boc-interest-rate-impact-my-mortgage/ |
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How Do Canadians Define Liveability In Today's Housing Market?
Should prospective homebuyers only concentrate on the asking price of a home for sale, or should they consider a whole range of factors? The general viewpoint in today’s housing market is that Canadians understand the benefits of home ownership, but many have been deterred in recent years because of how high prices are in many real estate markets across the country. Indeed, if a household were to come across a single-family home or a townhouse that fit their budget but failed to meet their other criteria, should they submit an offer? This has become a key question for many families. While affordability is a critical component in the journey to home ownership, Canadians have identified other crucial liveability factors to that are important to them when purchasing a home, whether it’s a detached house, a townhome or a condo. To read the full article click the link: https://blog.remax.ca/how-do-canadians-define-liveability-in-todays-housing-market/ |
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Why Single Family Homes Are A
Great Investment For Buyers!
Single-family homes are emerging as a strong investment, even with mortgage rates currently near double their 10-year average. Unlike the volatility of tech stocks, a single-family home tends to offer more stable and predictable returns. Experts agree that this type of property is likely to appreciate faster than a multi-family home, driven by a significant shortage in single-family housing and rising incomes. As interest rates eventually ease, the demand for a single-family detached home is expected to grow, potentially outperforming other property types in the long run. One of the key reasons single-family homes are such a sound investment is their broad appeal to a wide range of buyers and renters. If you are wondering, “Are single-family homes a good investment?” In cities like Toronto, Vancouver, and Calgary—where housing supply is particularly tight—single-family homes offer features like more space, greater privacy, and the potential for a yard—amenities that families, professionals, and retirees highly value. This demand makes single-family homes less likely to sit vacant and more likely to fetch higher rental prices compared to condos or apartments. Many Canadians are currently sitting on the sidelines, waiting for a better time to buy, but this strategy could be a gamble. The truth is, with a shortage of single-family homes and the possibility of rates dropping later this year, waiting might just unleash a wave of pent-up demand, driving prices even higher. For those ready to jump into the market, smart money is buying single family homes now, recognizing their immediate value and long-term appreciation potential. As mortgage rates trend downwards and core inflation stabilizes, 2024 could present a unique opportunity for buyers who act decisively, securing their place in a competitive market and reaping the rewards of rising home values.
Click the link for the full article: https://blog.remax.ca/why-single-family-homes-are-a-great-investment-for-buyers/ |
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110' Of River Frontage
10138 Merrywood Drive, Grand Bend
Listed at $1,650,000
Riverfront home in Merrywood Meadows, part of the Grand Bend community with 50 upscale homes situated along the Ausable River near the Warner Wildlife & Nature Preserve. Built in 2017 by Medway Homes, this property showcases 2560 sqft of well-designed living space with an open concept floor plan flowing with natural light. Situated on a large lot with landscaped gardens, mature trees, interlocking brick drive leading to your insulated triple car garage, covered front and back sitting areas, stone firepit patio and your own private dock with 110' of River frontage. Inside, you're greeted by the 16' vaulted entry foyer giving you the grand entrance into the home that features engineered hardwood, quartz countertops and high-end finishes throughout. The gourmet kitchen includes stainless-steel built-in appliances, gas range, double oven, large island, chevron tile backsplash and pantry for storage. Eating area off the kitchen overlooks the back yard with access to the back covered deck. Living room with tray ceiling, pot lighting and gas fireplace plus enjoy the views of the river from the picture window. Spacious primary bedroom suite includes a walk in closet and large ensuite with heated tile floors and glass tile shower. Main floor guest room or office at the front with an additional full bathroom, plus main floor laundry in the mudroom. Fully finished lower level features a family room that includes a living space, games area and wet bar; Great space for entertaining. Room for additional family and friends in the two lower-level bedrooms with another full bathroom. Partially finished utility room could be a great home gym. Just a short walk or drive to the amenities of Grand Bend and the sandy beaches of Lake Huron.
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Updated Home With Inground Pool
34486 Gore Road, South Huron
Listed at $729,900
Welcome to 34486 Gore Road, South Huron just 2KM North of Grand Bend. Situated on a country sized 115'x170' property offering great curb appeal. The home offers nearly 2,400 sq ft of finished living space with three bedrooms and two full bathrooms. Pride of ownership is obvious as the updates throughout the home speak for themselves. Large living room with gas fireplace, built-in storage with barn doors and sliding patio doors to pool area. Off of the living room is a full four piece bathroom with jetted tub. Along with laundry room that has cabinetry for further storage. Inviting kitchen and dining area with lots of natural light! Updated kitchen offers lots of cabinetry, eat-up island, tiled backsplash, accent lighting and much more. Lots of space for the whole family to sit around a table with this spacious dining room. Owners just installed a solid wood built-in cabinet along wall in dining room that is great for storage and some counter space to set up a breakfast bar! Upper level offers two bedrooms with double closets, office/den and full four piece bathroom. Nicely finished lower level is a great sized rec room with windows for natural light and a built-in bar area. Basement level offers the third bedroom with large walk-through closet and utility room where you will find the brand new gas furnace and central air units! Your friends will all be asking to come over when they see your 16'x32' inground pool that just had the liner and pumps replaced in 2021. The depth ranges from 4 to 8 feet at the deep end. Newly built wood pergola off of the pool house. Best part about this pool house is that it has a two piece bathroom so the wet mess stays outside. All fenced in for privacy! Huge backyard backing onto farm land that allows for stone patio, hot tub, covered sand box, garden shed and all kinds of space for activities! Spacious concrete driveway offers lots of parking. Nicely updated exterior with metal roof and most doors/windows replaced in past few years.
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Updated Condo Backing Onto Nature
#21 - 55 Lake Road, Grand Bend
Listed at $589,000
Welcome to #21-55 Lake Road, Grand Bend in the desirable Yacht Club Wood Condominiums. This two storey all brick exterior with single attached garage is overlooking the Old Ausable River with a mature tree line for lots of privacy and nature to enjoy. Highly desirable development due to its quiet location just steps from South Beach, steps from the marina and all the amenities that Grand Bend has to offer. Also allows for ample visitor parking and community pool to enjoy. Entering the home you are invited by 9 foot ceilings with light finishes giving it a bright feeling. The dining room flows into the kitchen with large pantry, eat-up bar, accent lighting, lots of cabinetry and more. Continuing through the home to the living room with gas fireplace and three panel sliding door to your private back deck overlooking nature. This unit installed a water diverter under the second floor deck so that you can always enjoy your back deck. Overlooking the mature tree line and the Old Ausable River it makes for a great space to enjoy that morning coffee or entertaining friends and family. Main floor is complete with mudroom off attached garage with two pc bathroom. Upstairs we are greeted by a nice sized landing with lots of natural light from the skylight. Spacious second floor primary bedroom with two closets & a built-in large closet, sliding door to private deck overlooking nature, cathedral ceilings and four piece ensuite including a jetted tub. Second floor allows for another two bedrooms and a full four piece bathroom. Partially finished lower level features a family room, laundry, storage, utility room and roughed-in bathroom for future development. Condo fees include snow removal and grass. This location is perfect for all ages with the amenities, including the sandy shores of Lake Huron, all being a short walk away.
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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!
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Get Your 2025 Grand Bend Locals Card! Support Local With Your GRAND BEND Locals CardIt 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/ |
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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.
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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 |
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Social Media
Have a great day everyone and don't forget to check out our social media sites like instagram, youtube, facebook 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.
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. |
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