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 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

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.

SOLD In Grand Bend ~ Riverfront Condo

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 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

We Love What's Local Voting Is Open ~ Vote for The PEDLAR Team!

 

We Love What's Local Voting Has Opened We are proud to be nominated for this fantastic campaign put on by the Grand Bend Chamber of Commerce to acknowledge various companies in the area for many different categories from real estate to mechanics to restaurants. Please go vote for us under real estate in the services section! The link is below to vote for us and many other great companies in the area. Voting ends November 22 so don't wait and vote today! Click the link: http://welovewhatslocal.ca/vote-now/

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 Port Franks ~ Year Round Cottage/Home

SOLD In Grand Bend ~ Southcott Pines

SOLD In Parkhill

Home Sales Remain Solid in October

 The London and St. Thomas Association of REALTORS® (LSTAR) announced another strong month for home sales in October, with 865 homes exchanging hands. Although down 7.1% compared to the same time a year ago, sales represent the second-highest number of homes sold in the month of October since 1978.

"During the fall season, the sales activity in LSTAR's jurisdiction has been well above the 10-year average," said Jack Lane, LSTAR 2021 President. "High demand and low supply continue to make this a very competitive marketplace. If you're considering listing your home or purchasing a home, your local REALTOR® is the best resource to help navigate through this ever changing marketplace."

An important area to highlight is inventory, which shows how long it would take to liquidate existing inventories at the current rate of sales activity.

"At the end of October, there were only 0.6 months of inventory, which is lower than the 0.9 months of inventory reported in the same period a year ago," Lane said. "To put it in perspective, about four months of inventory would represent a balanced marketplace.

The low supply levels continue to affect the benchmark and average sales prices. In October, the overall average home price for LSTAR was $672,328, while the LSTAR composite MLS® HPI benchmark price sat at $613,900.

The single-family home remains on top of the local buyers' preferences, with 649 sales in October. The table below shows the October benchmark prices for all housing types in LSTAR's jurisdiction and how they stack up against the values from a year ago.

MLS® Home Price Index Benchmark Prices
Benchmark Type	October 2021	Change over October 2020
LSTAR Composite	$613,900	↑ 33.3%
LSTAR Single-Family	$664,600	↑ 34.4%

November Newsletter ~ The PEDLAR Team Update

 

Gales Of November   We hope everyone had a safe and spooky Halloween weekend! The weather has seemed to turn and hope you all read through our list of things to do around your home before snow falls in the last newsletter. Awesome to see most the restaurants still open on weekends and providing a great meal when you don't want to cook! 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 November and remember to pack another layer of clothing! Check out Mark and Robyn's family costumes for Halloween! Chloe requested Frozen themed this year. 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. Short Term Rental Update In Both Lambton Shores & Bluewater Municipalities   Regarding Lambton Shores short term rentals they have closed the survey submissions and have moved on to the next stage of deciding what to do regarding short term rentals. The consultation process is now in the stakeholder meeting phase, which involves public meetings with a variety of stakeholders in the tourism and short-term rental industry. As a short-term rental host/operator, you are invited to attend one of three virtual stakeholder discussions: Wednesday, November 10, 2021 (7:00 p.m. to 9:00 p.m.) Friday, November 12, 2021 (1:00 p.m. to 3:00 p.m.) Monday, November 15, 2021 (7:00 p.m. to 9:00 p.m.) Please note that these stakeholder meetings are only reserved for short-term rental owners/operators in Lambton Shores. The purpose of the stakeholder meeting is to discuss the common concerns in our communities and facilitate meaningful conversations around solutions that balance the needs of short-term rental hosts/operators with those of residents looking for safe and appropriately managed short-term rental accommodations.   Find out more by clicking the link: https://forms.lambtonshores.ca/STR-Stakeholder-Meetings Regarding Bluewater short term rentals the council has adopted a strict enforcement policy for short-term rentals in the Municipality. Municipal staff have begun an education and enforcement campaign to help residents and visitors to Bluewater understand what is and isn't allowed. The program and applicable by-laws are explained in a new short-term rental information brochure which is available through the website. Municipal Law Enforcement Officers enforce municipal by-laws. When a complaint is received, it is investigated to determine if there has been a bylaw violation. The appropriate action will then be taken to resolve the matter. At any time, an officer may enter onto land for the purpose of carrying out an inspection to determine whether or not by-laws are being obeyed. This meaning you will want to thoroughly vet all your renters to make sure it is not a big party waiting to happen.  Find out more by clicking the link: https://www.municipalityofbluewater.ca/Public/Page/Files/447_Short%20Term%20Rental%20Brochure%20-%20June%2010%202021%20Final%20Version.pdf   Remembrance Day Ceremonies   We wanted to let everyone know where your local ceremonies are being held to commemorate a special day in the hearts of Canadians, November 11. Hopefully this helps you stay in the loop so you can attend your local ceremony. Forest Cenotaph - 10:45 - 11:30 Thedford Cenotaph - 11am Grand Bend Legion - 10:45am   In Flanders Fields - John McCrae In Flanders fields the poppies blow Between the crosses, row on row, That mark our place; and in the sky The larks, still bravely singing, fly Scarce heard amid the guns below. We are the Dead. Short days ago We lived, felt dawn, saw sunset glow, Loved and were loved, and now we lie, In Flanders fields. Take up our quarrel with the foe: To you from failing hands we throw The torch; be yours to hold it high. If ye break faith with us who die We shall not sleep, though poppies grow In Flanders fields.   We Love What's Local!   The Grand Bend Chamber of Commerce started a new program. It’s your chance to show your support for the outstanding services and businesses that make the communities along Lake Huron’s shoreline such a great place to live. Submit a business or service in any category and you will be entered to win $100 of gift vouchers to spend at local businesses. We would love a nomination so click a link below and it would be greatly appreciated! Nominate all your favourite local businesses! Click the link to nominate today: https://welovewhatslocal.ca/ FOR SALE 7404 Dolway Drive, Port Franks Listed at $750,000   Year round family home or cottage just steps to one of the best private beaches along Lake Huron at Port Franks. Very private location with mature trees surrounding the property, landscaped walk ways, large back yard and room for entertaining on the multiple decks. Inside the home the spacious main floor has vaulted ceilings with exposed beams, high quality vinyl flooring, open concept kitchen and living room with a wall of windows overlooking the back yard. Patio doors leading to a 13’ x 42’ upper patio off the kitchen. Living room with stone feature wall and gas fireplace insert. Primary bedroom with lots of natural light and double closets. 2 guest rooms on the main floor as well as the primary bathroom with double vanity and private area for showering. Downstairs includes a large family room with gas fireplace, oversized windows and patio door walkout to the lower 13’ x 42 patio and back yard. 4th bedroom and second bathroom. Utility room for storage and laundry. Updates include most windows, doors and patio doors in 2014. Roof 2010. Port Franks beach is private for the residents of Port Franks and includes sandy shores and shallow waters making it perfect for the family to enjoy the days at the beach. Bonus to the great beach is the world class sunsets over the water enjoyed by the area. Great area for boating, hiking and golfing. Click the link to watch the virtual tour: https://www.youtube.com/watch?v=i_de89cDNbU   FOR SALE 10379 Christie Boulevard Listed at $799,000   Wonderful family cottage just steps to the sandy beaches of Lake Huron, here in Southcott Pines. Only a 5 minute walk to the shoreline or you can stroll to the Main strip of Grand Bend, from this private setting. Surrounded by nature and the mature oak trees of this Carolinian Forest you can see sunsets like nowhere else and enjoy the beauty of this unique area. The home features 3 bedrooms, 2 baths, a spacious sunroom and lots of space for the whole family, with over 1450 sq. ft. of living area. The large 23'x16' cedar deck at the back of the home is a great place to watch nature and enjoy the privacy of the area. Southcott Pines features access to the private "Sun Beach" on Lake Huron, The Community clubhouse overlooking the Old Ausable River and a great play area for the kids, plus there are lots of nature trails as well. This home comes fully furnished including appliances, so you are all ready to enjoy the Lake instead of having to worry about buying that couch or bed. Grand Bend features a Blue Flag Beach, large Marina, Huron County Playhouse, local Craft Breweries, Golf Courses and numerous other attractions to keep everyone busy plus the Pinery Provincial Park is just down the road. Click the link to watch the virtual tour: https://www.youtube.com/watch?v=zdGlrVPYhbI   FOR SALE 193 Bethany Street, Parkhill Listed at $650,000   Family home in Parkhill situated on a quiet street with great curb appeal and wonderful landscaping. Over 3300 sqft of living space with stucco and brick exterior, covered double column entrance, paver stone 6 car driveway, oversized 1.5 car garage with heated shop. Inside you have an 1815 sqft open concept design that was built in 2005 with hardwood flooring, oak trim and 9 foot ceilings. Kitchen with maple cabinets and center island overlooking the eating area with patio doors leading to the back yard. Living room with built in cabinets, gas fireplace and large picture window for lots of natural light. Two bedrooms on the main floor including the master with large walk in closet. Spacious main floor bath with heated floors, soaker tub and shower. Heated tile floor in the front foyer and laundry room. Downstairs includes a large family room with 2 additional bedrooms, full bathroom and cedar lined hot tub room. In floor heat throughout the lower level. Garage is 16’ x 27’ with doorway to attached 30’ x 22’ heated workshop that includes its own bathroom. The ultimate workshop, man cave or spot to work on the cars. Bonus the home includes a stand by generator so you’re never in the dark. The back yard completes the package with a large shed, green house, water feature, vegetable gardens, concrete patio and lots of room for the kids to play. Parkhill is close to London but has all the small town amenities including groceries, bank, playground, community center, schools, churches, arena and sports fields. Click the link to watch the virtual tour: https://www.youtube.com/watch?v=ajtuqz_jQvg&t=23s   FOR SALE Lot 41 Cantin Court, Bluewater Listed at $175,000   Prime building lot in a quiet cul-de-sac just a short drive to Grand Bend or Bayfield in the community of St. Joseph's. Surrounded by upscale homes and mature trees. Large building lot, paved roads, municipal water, hydro and gas available. Septic tanks required. Short drive to the sandy beaches of Lake Huron, nature trails, parks, golf courses and all the other attractions that make living by the lake great! Price plus HST     Click the link to watch the virtual tour: https://www.youtube.com/watch?v=Rv6cWcOXMWc   FOR SALE 123-125 King Street, Hensall Listed at $55,000   Prime commercial development lot in downtown Hensall. 45.80 frontage with water, sewer and gas available. C4 zoning allows for lots of commercial uses including retail, bank, professional offices, studio, hardware store, restaurant, laundromat, and many more. Dwelling units permitted on the second floor. ESA & Survey from 2019 available. Price plus HST. Click the link to watch the virtual tour: https://www.youtube.com/watch?v=ggJtu-yGJ9M   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 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