Wednesday, March 9, 2022

Home Prices Continue to Climb in February

 813 homes traded hands in February 2022 in the jurisdiction of the London and St Thomas Association of REALTORS®, only 8 units less than in the second month of 2021, which was LSTAR's best February for home sales ever.

"Even though last month our residential transactions fell short by a few units from reaching a new peak, February 2022 succeeded to set quite a few new records," says Randy Pawlowski, 2022 LSTAR President. "This was the February with the highest number of new listings in the history of LSTAR, but also the one with the lowest housing inventory and the lowermost number of active listings at month-end," he continued.

1,021 new listings came on the market this month, but only 408 were still active as of February 28. The number of inventory months remained at 0.5 - unchanged from the previous month.

"These numbers illustrate perfectly the acute imbalance between the high demand for homes in our area and the severe housing supply shortage we're facing," Pawlowski emphasized. "In such conditions, average prices and benchmark prices can't go anywhere else, but up," he added.

In February, the overall average price for all home types in our area was $825,221, whereas LSTAR's composite MLS® Home Price Index Benchmark Price sat at $749,000. 

During the same month, while the Sales-to-New-Listings ratio for LSTAR's entire jurisdiction was a bit lower than in February 2021 - 79.6% last month versus 86.2% in February 2021, the Sale-to-List-Price ratio increased by 9% over the same period, reaching a new record high of 123%.

"These percentages show how firmly anchored our local real estate market is in Sellers' territory and how much the home Buyers are willing to go over the asking price to get in the market," Pawlowski said.

Tuesday, March 8, 2022

The PEDLAR Team Update ~ March Newsletter


March Is Here & So Is Spring!


First and foremost our hearts and prayers go out to the citizens of Ukraine!

The PEDLAR Team found ourselves off to Las Vegas at the end of February and it felt so good to enjoy some sunshine! We went down to Las Vegas for the Re/MAX R4 Convention to pick up some awards! We also learned about the ever changing technology that is coming into effect to better ourselves as real estate agents to help our clients better. We can't thank our clients, friends and family enough for the support in 2021 to make it our best year yet. Not just in revenue but in relationships created in one of the most challenging environments due to the pandemic we found ourselves in. So a huge THANK YOU goes out to all of you!

Re/MAX continues to be the leading real estate company in the world and has the numbers to prove it! Re/MAX is #1 in per agent sales and nobody in the world sells more real estate than Re/MAX. Re/MAX was the first real estate company to close 2 million transactions in one year! The most important stat is that Re/MAX agents are the number one trusted agent in the business amongst consumers in USA and Canada. We take great pride in being with Re/MAX and wouldn't want it any other way! We are proud to share that Re/MAX is the Official Real Estate Agents of the NBA as part of an exciting multi-year sponsorship with The National Basketball Association (NBA) in Canada.

We are excited to be back from holidays and hit the floor running with multiple new listings coming this week and more listings to come!

The spring market appears to be another strong one so give us a call if you are thinking about selling. We will provide all the info to you so that you can make the best decision for yourself!

Other exciting news we are back in the office after renovations and will post photos in the next few days! We are excited to have people come back into the office and show it off!

Call us anytime at 519-238-5700!

Lambton Shores Short-Term Rental Update



It is very important to have your voice heard! We are in Phase 5 of the short term accomadations issue in the municipality and the public is being asked to have their say up until March 14th. Click the link below and scroll to the bottom and select phase 5 under the 'What's Next?' tab. Click submit feedback to have your voice heard.

The Municipality of Lambton Shores is initiating a public consultation and review of short term rentals (STRs) to investigate the impact of STRs and identify public opinion regarding licensing and regulatory options.

The purpose of this consultation is to identify both the positive and negative impacts of STRs within Lambton Shores and gather the information required to make an informed decision on Short Term Rental Licensing and Zoning Regulation options.

Click the link to submit your feedback:

Ideas For Landscaping That Slope

With so much of our residents having some slope on their property we thought it would be good before Spring is officially here to put some ideas in your minds of how to landscape that slope! Here is a great article with many different ideas to make that slope work for you and make it useable without doing nothing and not enjoying that part of your lawn. If it isn't something you can do yourself or want to do yourself we have a couple amazing landscaping companies around that can make your vision come to life! It all just starts with an idea.

Click the link:

A Word From Our Trusted Financial Advisor


The start of 2022 has been incredibly exhausting for investors. While Canada is level on the year solely in part to sky rocketing oil prices, global markets are down across the board. The S&P 500 and Dow Index have entered correction territory (down -10% from peak) while the Nasdaq, Russell 2000 and European indexes have entered or are getting near bear market territory. Investors who have been nervous about a potential policy mistake by the U.S. Federal Reserve have to now deal with the ongoing tensions between Russia and Ukraine. Over the past decade, only 2016 and 2020 saw a drop of more than 10% in the S&P 500 in the first quarter. Historically, we typically don’t experience weak starts to the year, but the most recent turn of events has put additional pressure on markets. Attached is my monthly “market perspectives” as I do my best putting recent market movements into context.

Click the link to view Aaron Pedlar's website:

Feature Business Of The Month
Bluewater Plumbing & Heating

Bluewater Plumbing and Heating is a family owned business who offers services to the Bluewater and surrounding area. The team is a group of energetic, hard working men who are willing to do their best work to provide excellent, efficient service. They provide many services for commercial, residential, and agricultural: ventilation, air conditioning, back flow prevention; natural gas and propane, floor heating and more. We can't say enough good things about Greg and his team. Always quick to help in times of need while taking the time to explain things in a simple way so the consumer understands the issue.

Click the link to check their website out:

10055 Jane Street, Grand Bend
VanDongen Subdivision
Family Home With Shop
Listed at $799,900

This updated home situated on a 105' x 170' property backing onto nature in Grand Bend makes for a perfect package. To top that off their is a double car attached garage plus a 23'x30' detached shop with in-floor heat and WETT certified wood fireplace for year round use. Fully insulated with metal interior and a new metal roof make it a great space to enjoy for multiple uses. Front covered porch welcomes you into an open concept design with cathedral ceilings and lots of windows for natural light. Hardwood flooring throughout most of the main floor. Living room offers a gas fireplace with floor to ceiling brick surround. Dining area with patio doors to back deck. Kitchen allows for lots of cabinetry, built-in appliances and eat-up bar. Spacious primary bedroom with double closet and access to full bathroom. Updated four piece bathroom with in-floor heat. Main floor allows for another two good sized bedrooms with double closets. Main floor laundry with access to attached garage and lots of storage for coats and shoes. Full basement that is partially finished leaves lots of room for the kids to play or for entertaining. Spacious family room in lower level and a supplementary rec room. Lower level three piece bathroom also offers in-floor heat. The unfinished part of lower level allows for lots of storage, cold room under front deck & utility room with a second set of steps to main level. The backyard oasis is everything you need for entertaining this summer! Massive 23'x32' deck has steps off to the gazebo for shade, brand new hot tub for relaxing or steps to the detached garage to show your friends the new project you are working on. All this and you are backing onto a forest for ultimate privacy. Location in Grand Bend is very close to all the amenities that Grand Bend has to offer along with the sandy shores of Lake Huron. VanDongen subdivision has a pond for the neighbourhood to enjoy where you will find people canoeing in the summer and pond hockey in the winter.

Click the link to watch the virtual tour:

10281 Sherwood Crescent, Grand Bend
One Of Few Remaining Vacant Lots
In Southcott Pines
Listed at $550,000

If you are looking for that perfect location close to the sandy beaches of Lake Huron and surrounded by Carolinian Forests just minutes to the Pinery Provincial Park this is the lot for you. There are not many vacant lots available in this sanctuary of Southcott Pines that is just a short walk to downtown, beaches, walking trails and the peacefulness of the area. The 92'x174' lot is covered in mature oak and pine trees that will give you lots of shade in the summer and feels like you are living in the north country all season long. There are lots of activities in the area other than the world class beaches and sunsets like the Pinery Park, Huron County Playhouse, Golf Courses, Great Restaurants, Drag Strip and race track plus the numerous trails in the area are unlimited. All the services are available except you have to install your own septic system. Southcott Pines rules and regulations are in effect just for everyone's benefit.

Click the link to watch the virtual tour:

9717 Army Camp Road, Ipperwash
7 Unit Investment Property
Close To The Beach
Listed at $1,450,000

Multi unit investment opportunity just a short walk to Ipperwash Beach. The Pinewood Motel situated on a large 226’ x 200’ parcel (triple wide lot) with mature trees and a park like setting. 7 units in total consisting of 4 x 2 bedroom 1 bath suites with kitchenette’s, 2 x bachelor units and the 2 bedroom 1 bath owners suite with full kitchen and living room. Units 1,2,3,&4 are the 2 bedroom suites that are 25’ x 15’ with vinyl plank flooring and updated kitchens. Units 5 & 6 are the bachelor units 12’ x 24’ with in floor heat. Owners suite is 24’ x 26’ with in floor heat. Each unit has its own Daikin mini split unit (2019) for heat and AC. Large laundry room and owners storage space as well as a separate office space at the front 9’x7’. Landscaped pool area with 4’ chlorine pool. Lots of recent updates throughout like kitchens, flooring, most stoves, and fridges plus much more. New roof 2013, new septic system 2013. Units 5,6 and owners suite built in 2013. Comes complete with all chattels, website and phone number making this a turnkey investment. Building is located on 2 lots with the third lot being a vacant residential lot included with the sale. Great opportunity to make this into a summer retreat and weekly rental location families can enjoy for years to come.

Click the link to watch the virtual tour:

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:

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:

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:

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:

Huron County:

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:
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
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 Doug Pedlar      Mark Pedlar     Garrett Pedlar 
    Broker of Record                         Broker                        Sales Representative
519-902-4099    519-670-0746     519-872-0910