Thursday, September 9, 2021

Best August for St. Thomas Home Sales, LSTAR Apartments

925 homes traded hands last month via LSTAR's MLS® system, marking the second best August for home sales since LSTAR started tracking data, back in 1978. However, the pace of sales was slower than in August 2020, with the median number of days spent by a home on the market sitting at 9, compared to only 8 days last year.

"The number of August residential transactions decreased by 4.3% over the same period last year, but, despite this slight change of pace, average and benchmark prices continued to climb," said 2021 LSTAR President Jack Lane. "The overall average home price in LSTAR's jurisdiction for August 2021 was $620,002, and the composite benchmark price - $586,800. These increases were undoubtedly caused by the very low housing supply and the sky-high demand," he added.

"Beside prices, when analyzing the market activity in LSTAR's five main regions, we are also looking at the Sales-to-New-Listings ratio recorded in each region. The higher this ratio is, the more that region favours Sellers," he pointed out. "Currently, all LSTAR's regions are firmly anchored in Sellers' territory, with London seeing the highest ratio - 94.6%, followed by St. Thomas - with 90.1%," he emphasized.

In total, LSTAR saw 1,020 new listings last month, 1.4% less than in August 2020. The overall number of months of inventory continued to decrease, reaching a new record low at the end of August: 0.6. "This means that, at the current rate of sales activity, it would take less than a month to liquidate the entire existing housing inventory of LSTAR," Lane explained.

Friday, September 3, 2021

September Newsletter ~ The PEDLAR Team Update

 


Summer Isn't Over Until We Say It's Over!

 

September is often the nicest month of weather in our area and thankfully many businesses stay open to make it that much more enjoyable! We still have Labour Day Weekend to enjoy before the inevitable of kids going back to school and family routines created. Looking back on our second summer with the five letter 'C' word in the world it is still blowing us away with what the amazing people in our area do to make sure everybody is looked after. This goes from our plumbers, electricians, carpenters, business owners, hospitality sector, volunteers & so much more! We are proud to be a part of this amazing community even during the trying times that we have experienced the past 18 months. You all deserve a big pat on the back! We were even lucky enough to have the Sunset Concert Series entertain us for the past four weeks at the Rotary Community Stage on the Grand Bend Beach (pictured above).

We hope everyone has a great Labour Day Weekend!

We are never far from our phones if you have any questions about real estate. Call The PEDLAR Team today for all your real estate needs at 519-238-5700!
 


Paint Ontario At Lambton Heritage Museum
September 3 - 26

 

Don't miss this amazing show of art for it's 25th annual show at the Lambton Heritage Museum just south of Grand Bend. This show allows for artists across Ontario to show off their talents and even have the opportunity to win prizes. If you are looking for the next great piece in your home then don't miss this great chance to get a piece from an ontario artist. I know we mention the amazing volunteers we are lucky to have in our area but this art show takes a full team of volunteers working countless hours for this show to go off without a hitch so a big thank you goes out to this group of volunteers!
 

Check out the website to find all the details: https://paintontario.com/


It's Your Right To Vote ~ Federal Election

 

Don't think for a second your vote doesn't matter! They all matter so make sure you get out and vote in this federal election! Do your research and make an educated vote with what you think is the right choice. 

Find out all the information about voting by clicking the link: https://elections.ca/home.aspx


Another Local Showcase
Grand Bend Studio Tour
Art, Eats & Beats Tour


Another awesome group of volunteers and businesses are excited to announce that the studio tour will take place on Sep 11-12th this year. Covid safety protocols will be in place at each location. Masks are required.

The artists, chefs and musicians are eager to show you what they have been working on during this long pandemic. The tour is free, with the exception of the Paint Ontario show. The tour can be done in any order throughout the weekend. 

Click the link for more information: https://grandbendstudiotour.com/


FOR SALE
8803 Timberwood Trail, Lambton Shores
Listed at $299,900

 
Prime 3/4 acre building lot in Deer Run backing onto Goosemarsh Line. Situated among the mature trees of the Carolinian forest near the Pinery Provincial Park. 98' of frontage with 340' of depth. Municipal water, gas, hydro, high speed internet available. Septic tanks required. Close to Grand Bend, Port Franks and just a short commute to London or Sarnia. Come build your dream home in a nicely treed setting close to the Pinery Park today. Environmental species at risk impact study done so you can build your dream home today!

Click the link to watch the virtual tour: https://www.youtube.com/watch?v=g2iH_qw75Wo
 

FOR SALE
26 Ontario St S, Grand Bend
Listed at $975,000

 
Well established restaurant in the beach side community of Grand Bend comes complete as a turnkey opportunity including the building, land and business with all the fixtures and chattels. Year round location along Highway 21 backing onto the Ausable River with 66’ of docking and onsite parking. 1400 sqft main floor is home to the Riverbend Pizzeria voted the best Pizza in Grand Bend 2 years in a row. Licensed for 40 people with a 620 sqft eating area featuring lots of windows, wood flooring, bar and servers area. Two updated washrooms. Kitchen was updated in 2018 with new walk in cooler, updated equipment, more space and new 5.5 tonne AC / Heater. Restaurant is heated with forced air gas / AC new in 2020. Upstairs you have an updated 500 sqft one bedroom one bathroom apartment with a 21’ x 11’ patio area currently rented. Great opportunity to invest in the growing community with an established name.

Click the link to watch the virtual tour: https://www.youtube.com/watch?v=lUivOgnyr5M
 

COMING SOON
Call Us Today For More Information

 
10340 Live Oak Crescent, Grand Bend In Southcott Pines
Listing at $1,199,000                   4 Bedrooms        3 Bathrooms

Beautiful home with over 3,000 square feet of finished space built by Steeper Construction in 2001 offering lots of privacy with short walk to the beach.

10118 John Street, Grand Bend in Pinedale Subdivision
Listing at $850,000                        4 Bedrooms         3 Bathrooms

Riverfront home on Old Ausable River offering over 2,600 square feet of finished space with double car garage and lower level walkout.


Ausable-Port Franks
Optimist Club Fundraiser

 

Check out below for the great prizes and come on in to our office at 46 Ontario Street South in Grand Bend for tickets! Support another amazing group of volunteers raising money for youth initiatives in the area!

Get Your 2021 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/


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/


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


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
 

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

Wednesday, August 25, 2021

Liberal Housing Plan to Criminalize Hardworking Families

 

August 24, 2021


The Ontario Real Estate Association is pleased to see housing affordability is a forefront election issue, with all three major federal parties putting ideas on the table to increase housing supply and bring the Canadian Dream of home ownership closer to reach.

However, one aspect of the Liberal Party of Canada’s housing plan would criminalize the ability for hardworking Canadians to choose how to sell their homes, by regulating real estate practices through the criminal code. You cannot fix Canada’s housing crisis by denying millions of hardworking families the choice of how to sell their home and by pitting homeowners against buyers. In fact, this plan would have the opposite effect – negatively impacting Canada’s housing market and making home ownership even more unaffordable.

People are rightly concerned about rising home prices and the shortage of new listings and new homes, especially in Ontario. But the current landscape of bidding wars across Canada’s housing market is emblematic of a much larger issue: there is simply not enough supply to meet demand, leading to multiple offer situations and higher home prices.

That is why it is so concerning that the Liberal Party of Canada believes that buying and selling homes — already one of the most stressful experiences in life — should be done entirely through auctions. If a senior or a family used the traditional offer process, they would be a criminal under the Liberal plan.

Open auctions are the norm in Australia and New Zealand, where sellers overwhelmingly choose to use an open process. Auction fever creates a three-ring circus on front lawns, as hopeful buyers crowd in front of a home with a live auctioneer, or online, and the bidding begins. Far from making homes more affordable, auctions can drive prices higher, and dangerously push buyers to make rushed decisions involving tens of thousands of dollars in just minutes.

Ontario’s families deserve choice. A home is a family's greatest asset – it’s where they raise their families, how they save for retirement, and consumers should be in the driver's seat when the time comes to sell.”

Thursday, August 5, 2021

Home Sales and Prices Are Levelling off, but Market Still Robust

 The London and St Thomas Association of REALTORS (LSTAR) reported 993 homes sold last month in its jurisdiction. "Even though this represents the second highest number of home sales recorded via LSTAR's MLS system for the month of July, this value is more in line with our pre-pandemic figures, which suggests that our market may be stabilizing," said LSTAR 2021 President Jack Lane.

LSTAR's overall average sales price was $614,913 in July 2020, 26.6% over the same period last year.

"July's average sales price was slightly lower than the year-to-date value, which reflects the moderating trend seen across the country, reinforcing, at the same time, the idea that our local real estate market is starting to level off. However, the high demand for housing and the historically low inventory levels that we are currently experiencing still make for a robust housing market, where the Sellers have the upper hand," Lane added.

Friday, July 30, 2021

August Newsletter ~ The PEDLAR Team Update


August Long Weekend Is Upon Us

 

We hope everyone had a great July detouring our seasonal storms and catching sun rays on the sandy shores of Lake Huron! It is awesome to see the tourists and cottagers flock back to our amazing community to enjoy everything this area has to offer! Many businesses are experiencing record numbers this season as a result of all the traffic and this is great news as well. For years Grand Bend and area has been a summer haven for so many families. That will continue for many years to come as the sandy shores of Lake Huron, the amazing entrepreneurs that run all the local shops and restaurants, and inspiring volunteers that work tirelessly aren't going anywhere! We hope everybody has a safe and fun long weekend to ring in August 2021!

We are never far from our phones if you have any questions about real estate. Call The PEDLAR Team today for all your real estate needs at 519-238-5700!
 


2021 RE/MAX Report:
Housing Affordability in Canada

 

In a new report exploring housing affordability in Canada in 2021, RE/MAX found that one in three (33%) Canadian homebuyers is exploring alternative options to help them get a foot into the housing market. These include renting out a portion of a primary residence (21%), pooling finances with friends or family to purchase a home (13%) and living with like-minded neighbours in a co-op/shared living arrangement (7%).

According to a Leger survey commissioned by RE/MAX, 42% of Canadians said the high price of real estate was a barrier to entry into the market. This is up just 4% over last year – surprising, given the consistent price growth experienced by housing markets from coast to coast over the past year. Among prospective homebuyers, millennials and Gen Z are most likely to consider alternative regions and communities, and/or financing options to keep affordability in play.

Some main findings were
- Of those Canadians who are considering alternative ways to become homeowners, 54% are Millenials and Gen Z
- 15% OF Canadians reported they were able to grow their savings during the pandemic and plan to use these funds as a down payment on a home in the next 6-12 months
- Winnipeg and Regina continue to be two of the more affordable markets in Canada year over year, with an average selling price below $350,000
- St.Johns tops the list of most affordable cities in 2021, with an average selling price of $307,619
- 45% of Canadians agree that a national housing strategy would improve their ability to own a home

Read the full article and click the link: https://blog.remax.ca/housing-affordability-in-canada/


FOR SALE 36375 Huron Street, Grand Bend
Listed at $499,900

 
Secluded country retreat only 4 minutes to the sandy beaches and perfect sunsets of Lake Huron. This 3 bedroom home has an acre and a quarter lot that is very private and surrounded by mature trees, yet close to Point Clark Conservation area and a short drive to Grand Bend. This private location is simply perfect with lots of room to expand or build a shop on and with the row of mature spruce along the front, it is hard to even see the house from the road. There are three levels of decks off the dining area which is a perfect place to enjoy those summer evenings, plus the one large spruce tree will give you lots of shade when the sun is out. The new metal roof and siding should give you years of not having to worry about replacing the roof and there is lots of space for all your friends and family to park on your gravel laneway that has room for like, 8 cars! There is a single garage which has a concrete floor and is large enough to hold your car, lawn mower and room for a workshop. The living room has a large picture window overlooking the private front yard with a gas fireplace and laminate floors. There are 3 bedrooms which have ceiling fans and give you room for the family plus some friends to come and visit. The dining area overlooks the large tree lined back yard and spacious decking, plus the kitchen area has 4 appliances and a working counter open to the dining area so you can cook and enjoy the company at the same time. There is lots of potential for improving the full basement and you can do that when you want more space. This is a great place to come and relax out in the country, yet close to the beaches of Lake Huron and the activity of the Bend. Just 20 minutes to Exeter and less than an hour to London.

Click the link to watch the virtual tour: https://www.youtube.com/watch?v=Iln12wi8XpM
 


Grand Bend Sunset Sounds Concert Series Is Back!!

 

You won't want to miss the first concert since summer 2019 going down August 8th! The Grand Bend Sunset Sounds are thrilled to announce the first of 4 August concerts on the beach! Warren Hargraves wowed the audience with his unique country voice in Five Oceans. They are excited to welcome him back with his band on August 8th, 7:30pm start. Covid restrictions include limited capacity and mandatory masks. See you at the beach stage in Grand Bend!


Our Beach House Got A Make Over
With All The Murals Being Replaced!


Make sure you go check out all the new murals that were just installed on the beach house replacing those installed a couple years ago. The Grand Bend Art Centre along with many volunteers coordinated this vision and the incredible art display. The pieces that were removed are going to be a part of the Paint Ontario Art Competition, Exhibition & Sale held at the Lambton Heritage Museum from September 3 - 26. Here are a couple examples of the new murals below but you have to go check them out for your self! Another notable event is the Grand Bend Area Studio Tour from September 11-12!
 


Lambton Shores Municipality Update
Short-Term Rental Public Consultation


The Municipality of Lambton Shores has launched a public consultation regarding Short-Term Rentals (STRs) within Lambton Shores. The aim of the consultation is to identify both the benefits and concerns associated with short-term rentals in our communities and gather public opinion regarding the possibility of licensing and regulatory options.

As part of the consultation process, the public is being asked to submit a survey questionaiire regarding STRs. The deadline to submit is September 15th, 2021. More information about the consultation and a link to the survey can be found by clicking this link: https://www.lambtonshores.ca/en/our-government/short-term-rental-accommodations.aspx

Make sure your voice is heard and fill out the survey.

Also wanted to mention HURON SHORES AREA TRANSIT system making getting around town and further to larger city squares even easier. But most of all it makes it easier to get to Grand Bend! All roads lead to Grand Bend I think is the saying.
 


Ausable-Port Franks
Optimist Club Fundraiser

 

Check out below for the great prizes and come on in to our office at 46 Ontario Street South in Grand Bend for tickets! Support another amazing group of volunteers raising money for youth initiatives in the area!

Get Your 2021 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/


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/


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


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
 

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