2019 - The Third Best Year in the History of LSTAR

2019 proved to be not only a solid year for real estate in the London-St. Thomas area, but also the third best year for sales activity since the Association began tracking its performance back in 1978.

469 homes traded hands in LSTAR's jurisdiction in December, which brings the total number of 2019 residential transactions recorded via MLS® to 10,125 - up 3.4% over 2018. This is only the third time that sales surpassed 10,000 units. It happened for the first time in 2016 and then again in 2017, a record year with more than 11,000 home resales.

"For the local REALTORS®, 2019 started strong and continued on the same note, with three monthly records in July, October and November," said 2019 LSTAR President Earl Taylor. "For the most part of the year, LSTAR's overall sales-to-new-listings ratio hovered around the 70% mark. However, toward the end of the year its value jumped significantly, to reach 110.1%. This means that Sellers have the upper hand in home sales negotiations here. It also speaks to the high buyer demand and the lack of local housing supply," Taylor explained.

Overall, the December average home price was $426,539, up 15.1% compared to December 2018. The year-to-date average home price in LSTAR's jurisdiction sits at $409,858.

The PEDLAR Team Update ~ January Newsletter

Happy New Year & Welcome to 2020 Hope the holidays treated everyone well and were able to spend some time with family and friends. We still got a couple days before its truly back to reality when the kids go back to school and parents get back to the routine. Good luck to those with keeping your new years resolutions! Fourth Quarter Market Report 2019 Fourth Quarter 2019 Market Report Is In! The Fall Market was very comparable in listings and sales compared to 2018 Fourth Quarter. This is a great sign for homeowners around Grand Bend. The biggest difference is the increase of the average home sale price in the different areas. Grand Bend Non Lakefront rising from an average sale price of $464,835 in 2018 to $519,479 in 2019. Making for an over 10% rise in average sale price in Grand Bend! North of Grand Bend Lakefronts average sale price showing almost 40% increase year over year. Keep in mind this is in a big part due to the low end cottages just not existing anymore & everything is getting renovated or demolished. Also these figures are created by using the sale figures that occurred in a certain time period which means more high end cottages sold this year than previous. RE/MAX National Outlook For 2020   RE/MAX is calling for a leveling out of the highs and lows that characterized the Canadian housing market in 2019, particularly in Vancouver and Toronto, as we move into 2020. Healthy price increases are expected next year, with an estimated 3.7 per-cent increase in the average residential sale price. Most individual markets surveyed across Canada experienced moderate price increases year-over-year from 2018 to 2019. However, some regions in Ontario continue to experience higher-than-normal gains, including London (+10.7 per cent), Windsor (+11 per cent), Ottawa (+11.7 per cent) and Niagara (+12.9 per cent). As more Canadians have adjusted to the mortgage stress test and older Millennials move into their peak earning years, it is anticipated that they will drive the market in 2020, particularly single Millennials and young couples. A recent Leger survey conducted by RE/MAX found that more than half (51 per cent) of Canadians are considering buying a property in the next five years, especially those under the age of 45. To get more information click the link: https://blog.remax.ca/canadian-housing-market-outlook/?fbclid=IwAR1nWdFocyIuwsdMB5T3ytkDNV3udOHeyOqeJ89RciuV54bXXAPbTrexK98 Children's Miracle Network Donation With every transaction we donate a proportion to the Children's Miracle Network. These donations we make go directly to the Children's Health Foundation at London Hospital where 90% of the machines are purchased through donations! We want to say a huge thank you to our clients for another great year! Townsend Meadows Development In Forest - PHASE 2 Has Started & 6 Units Are Already SOLD With 5 Units Remaining For Sale Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns. Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you. Click the link: https://www.townsendmeadows.com/ Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/ Townsend Meadows PHASE 2 Huron Model - 1,411 Sq Ft - $367,120 Bosanquet Model - 1,175 Sq Ft - $305,500 Thedford Model - 1,295 Sq Ft - $336,700 Call Doug PEDLAR today for more information at 1519-238-5700 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   Happening In The Community It's always good to know what is going on in our exciting community. Cabin Fever Coffee Club Thursdays Starting January 9 from 2pm-3pm - 25 Main Street, Grand Bend - Huron Shores United Church Bundle up and get out of the house this winter, Thursday afternoons, for a hot cup of something, a simple treat, and some shared conversation with others. Beginning January 9, 2-3 pm and every Thursday until March 26 at Huron Shores United Church. All are welcome - lug your own mug, more importantly, invite a snowbound friend! International Silver Stick - North American Finals January 10 - 12 & January 24 - 26 - Games Played In Thedford, Forest & Watford Arenas Go out and check out the action happening over two weekends this month in our community. January 10-12 is peewee and midget divisions. January 24-26 is atom and bantam divisions. Soup-er Sundays January 26 - Noon - 3pm - 9997 Port Franks Road - Port Franks Community Centre Fun with Giant Games!!  Come out to the West Wing of the Port Franks Community Centre with your family or on your own to spend time with others on a Sunday afternoon.  There is a light soup lunch and dessert for $5 that is available if you wish. These aren't all the events happening in Lambton Shores so check out the community calendar link on Lambton Shores website. Here is the link to community calendar page: https://calendar.lambtonshores.ca/default/Month?StartDate=06/01/2019 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.

Grand Bend Lakefront Southcott Pines 70 Feet Frontage Totally Updated 4 Beds 2 Baths $2,000,000 Port Franks Built in 2005 Custom Brick Bungalow Full Finished Basement Attached Double Garage 3 Beds 2 Bath $450,000 Huron Woods Steeper Const. Built In 1990 Spacious Main Floor Finished LL With Walkout 5 Beds 3 Bath $599,900

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 http://www.grandbendrealestate.com  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

The PEDLAR Team Update ~ December Newsletter

It's The Most Wonderful Time Of The Year December can be a very busy month so make sure to take a deep breath and enjoy the friends and family around you. We hope everybody has a great time between get togethers and holiday functions. Don't forget to consider those less fortunate and give back to your local food bank. Many organizations also collect wrapped gifts for those kids less fortunate as well. Be an active part of your community and give back. Merry Christmas & Happy New Year from the Pedlar family! Children's Miracle Network Donation With every transaction we donate a proportion to the Children's Miracle Network. These donations we make go directly to the Children's Health Foundation at London Hospital where 90% of the machines are purchased through donations! We want to say a huge thank you to our clients for another great year! RE/MAX National Outlook For 2020   RE/MAX is calling for a leveling out of the highs and lows that characterized the Canadian housing market in 2019, particularly in Vancouver and Toronto, as we move into 2020. Healthy price increases are expected next year, with an estimated 3.7 per-cent increase in the average residential sale price. Most individual markets surveyed across Canada experienced moderate price increases year-over-year from 2018 to 2019. However, some regions in Ontario continue to experience higher-than-normal gains, including London (+10.7 per cent), Windsor (+11 per cent), Ottawa (+11.7 per cent) and Niagara (+12.9 per cent). As more Canadians have adjusted to the mortgage stress test and older Millennials move into their peak earning years, it is anticipated that they will drive the market in 2020, particularly single Millennials and young couples. A recent Leger survey conducted by RE/MAX found that more than half (51 per cent) of Canadians are considering buying a property in the next five years, especially those under the age of 45. To get more information click the link: https://blog.remax.ca/canadian-housing-market-outlook/?fbclid=IwAR1nWdFocyIuwsdMB5T3ytkDNV3udOHeyOqeJ89RciuV54bXXAPbTrexK98 Subdivision Planned For Just North Of Grand Bend South Huron Council learned recently of a major subdivision consisting of more than 300 homes planned for the east side of Highway 21 which is currently home to nine holes of the Oakwood golf course just north of Grand Bend Dubbed the Oakwood Meadows Subdivision, the proposed residential project is expected to move forward starting in 2021 over several years of phasing. Don de Jong of developers Tridon Group appeared at South Huron council’s Nov. 4 meeting to inform council of preliminary plans for the 130 acre property. Things are still in the early stages and official plan and zoning bylaw amendment applications will still have to come to council for approval. To get more information click the link: https://www.lakeshoreadvance.com/news/local-news/subdivision-planned-for-east-side-of-highway-21-north-of-grand-bend?fbclid=IwAR0XUKjJNh3f6CYa8qQffVFRm3_US0YGBoxpaVddgmnTSzGMcdABHZef42o Support Our Military During The Holiday Season The Canadian military men and women always deserve our utmost support but they are asking for extra support during the holiday season. It doesn't take long to write a quick letter for our men and women on active duty away from their families during the holidays. Please click this link to find out how to participate: https://globalnews.ca/news/6186831/canadian-armed-forces-holiday-letters-cards/?fbclid=IwAR0IkugHPuKYFrCCUzdZS2M2ptf9Lemx7P-V8q-j7Vv3715fxEj73ZuK3Uw Townsend Meadows Development In Forest - PHASE 2 Has Started & 6 Units Are Already SOLD With 5 Units Remaining For Sale Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns. Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you. Click the link: https://www.townsendmeadows.com/ Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/ Townsend Meadows PHASE 2 Huron Model - 1,411 Sq Ft - $367,120 Bosanquet Model - 1,175 Sq Ft - $305,500 Thedford Model - 1,295 Sq Ft - $336,700 Call Doug PEDLAR today for more information at 1519-238-5700 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   Happening In The Community It's always good to know what is going on in our exciting community. Thedford Santa Claus Parade December 7 - 6:30pm - Main Street, Thedford The Thedford Fire Club will host their annual Santa Claus parade on Saturday, December 7, 2019 starting at 6:30pm. This year's theme is 80's Christmas. After the parade, head to the Thedford Legacy Centre for a free skate, sponsored by the Municipality of Lambton Shores. Santa will be there to greet the children. Hot dogs willbe available for everyone. Breakfast With Santa December 8 - 10am - Noon - 9997 Port Franks Road, Port Franks - Port Franks Community Centre The Ausable Port Franks Optimist Club invite you to come out with the family and have a delicious breakfast, see Santa and have your picture taken with him.  There is cupcake decorating and other fun activities for the kids. The event will take place at the Port Franks Community Centre. FREE fun for the whole family. Soup-er Sundays December 29 - Noon - 3pm - 9997 Port Franks Road - Port Franks Community Centre Fun with Giant Games!!  Come out to the West Wing of the Port Franks Community Centre with your family or on your own to spend time with others on a Sunday afternoon.  There is a light soup lunch and dessert for $5 that is available if you wish. These aren't all the events happening in Lambton Shores so check out the community calendar link on Lambton Shores website. Here is the link to community calendar page: https://calendar.lambtonshores.ca/default/Month?StartDate=06/01/2019 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.

Grand Bend Lakefront Southcott Pines 70 Feet Frontage Totally Updated 4 Beds 2 Baths $2,000,000 Port Franks Built in 2005 Custom Brick Bungalow Full Finished Basement Attached Double Garage 3 Beds 2 Bath $450,000 Huron Woods Steeper Const. Built In 1990 Spacious Main Floor Finished LL With Walkout 5 Beds 3 Bath $599,900

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 http://www.grandbendrealestate.com  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

SOLD In Bluewater ~ Highlands II

SOLD ~ Bungalow Port Franks

SOLD ~ Duplex In Forest

November ~ The PEDLAR Team Update

Welcome To November & Hope Everyone Has A Safe Halloween It's a rainy to start to November but don't let that get you down. Think about all the candy your kids are going to bring home or that you will have left over to eat! The seasons have certainly changed quickly around here as the cooler temperatures have arrived. Bank Of Canada Makes Latest Interest Rates Announcement In its scheduled announcement this morning, the Bank of Canada has announced that the overnight interest rate target will hold steady at 1.75 per cent. This is the eighth time in a row that the Bank held off on making any upward moves since raising its interest rate a year ago. The Bank cited the continued weakening of the global economy as the reason behind its decision, with the ripple effects reaching Canada. “A growing number of countries have responded with monetary and other policy measures to support their economies. Still, global growth is expected to slow to around three per cent this year before edging up over the next two years,” the Bank noted in its announcement. “Canada has not been immune to these developments. Commodity prices have fallen amid concerns about global demand. Despite this, the Canada-US exchange rate is still near its July level, and the Canadian dollar has strengthened against other currencies.” The next interest rate announcement is scheduled on December 4, 2019. Craft Breweries & Local Wineries This area of Southwestern Ontario is becoming quite the hot spot for craft breweries and local wineries. See below for a map heading north and south of Grand Bend to find your new favourite spot to grab a drink. Go out and support local as all these places remain open over the winter! Grand Bend & Area Chamber of Commerce Lots of excitement around the Grand Bend & Area Chamber of Commerce. They had their annual 'Celebrate The Season Awards' at the Oakwood Resort on November 7 from 6-9pm. In other exciting news they released the brand new website at the start of the month ... this new site is more interactive and easier to find those hidden gems around the area. Go take a look today by clicking the link: http://www.itstartsatthebeach.ca/ Huron Shores Transit Proposal Moves Forward This is great for our area that this moves forward. There is still some work to go but so far its going in the right direction of their being an actual public transit system connecting all our towns with each other and London & Sarnia. This transit system would allow cheap transit for those working in other towns, those who can't or don't drive, and those who want to head into the city. Many positives for the community! Click the link to view full article: https://blackburnnews.com/midwestern-ontario/2019/10/25/transit-plan-local-region-presented-steering-committee/?fbclid=IwAR3DealPDtcwbpAYDmoSF52uhNshcahrxIWZsKW29udMVPgqv4j8FNi2A6U Townsend Meadows Development In Forest - PHASE 2 Has Started & 5 Units Are Already SOLD Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns. Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you. Click the link: https://www.townsendmeadows.com/ Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/ Townsend Meadows PHASE 2 Huron Model - 1,411 Sq Ft - $367,120 Bosanquet Model - 1,175 Sq Ft - $305,500 Thedford Model - 1,295 Sq Ft - $336,700 Call Doug PEDLAR today for more information at 1519-238-5700 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 Happening In The Community It's always good to know what is going on in our exciting community. Before Remembrance Day Events November 9 - 4pm - 58 Albert Street, Forest - Forest Legion The Forest Legion will host a Remembrance Day Banquet on Saturday, November 9 at the Legion hall. Entertainment will start at 4pm, opening ceremonies will take place at 5:45pm and a roast beef dinner will be served at 6pm. Tickets are $15 per person and are available at the Legion. November 9 - 6pm - 20 Municipal Drive, Grand Bend - Grand Bend Legion The Grand Bend Legion will host a Veterans Appreciation Dinner on Saturday, November 9 starting at 6pm in the Legion hall. Veterans along with their spouses/caregivers are invited guests. Tickets are available at the Legion for the public as well. Remembrance Day November 11 - 10:30 am - Forest Legion Remembrance Day Ceremony November 11 - 10:45 am - Grand Bend Legion Remembrance Day Ceremony November 11 - 11 am - Thedford Legion Remembrance Day Ceremony Lambton Shores Bantam Regional Silver Stick Tournament November 28 - December 1, 2019 Lambton Shores will host the 3rd Annual Bantam LL/HL Regional Silver Stick Tournament November 28-December 1, 2019. Games will be played at the Shores Recreation Centre in Forest and the Legacy Recreation Centre in Thedford all weekend. Opening ceremonies will take place at the Shores Recreation Centre at 12:00pm on Friday, November 28, 2019. These aren't all the events happening in Lambton Shores so check out the community calendar link on Lambton Shores website. Here is the link to community calendar page: https://calendar.lambtonshores.ca/default/Month?StartDate=06/01/2019 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.

Grand Bend Lakefront Southcott Pines 70 Feet Frontage Totally Updated 4 Beds 2 Baths $2,000,000 Port Franks Built in 2005 Custom Brick Bungalow Full Finished Basement Attached Double Garage 3 Beds 2 Bath $450,000 Huron Woods Steeper Const. Built In 1990 Spacious Main Floor Finished LL With Walkout 5 Beds 3 Bath $599,900

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 http://www.grandbendrealestate.com  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