Friday, June 9, 2023

Local Housing Market Rebounds

 In May 2023, 1,397 new listings came on the local market and 846 homes exchanged hands via the MLS® System of the London and St. Thomas Association of REALTORS® (LSTAR). While the number of new listings is 23.9% lower than in May 2022, the number of sales is 1.3% higher than a year ago.

LSTAR's overall sales-to-new listings ratio for the entire area stood at 60.6% last month. Moreover, the inventory continued to decline, dwindling from 1.8 months in April to a mere 1.7 months in May.

"The month-over-month increases in home sales and prices continued in May in LSTAR's jurisdiction, thus indicating a further rebound of the local real estate market," said 2023 LSTAR President Adam Miller. "Throughout the last three months of 2023, an upward trajectory in the quantity of residential property sales and corresponding price hikes has persistently caught our attention. These trends demonstrate the enduring presence of a fervent demand for properties in our area, despite the obvious lack of housing supply," Miller added.

Despite a 10% decrease in LSTAR's average home price and an 11.9% decline in the composite MLS® Home Price Index (HPI) Benchmark Price compared to the same period last year, these figures showed improvement compared to earlier this year. The average home price in May 2023 reached $682,561, while the composite MLS® HPI Benchmark Price sat at $619,800.

Friday, June 2, 2023

The PEDLAR Team Update ~ June Newsletter


The Summer Weather Is Here!


The weather is heating up and so is the real estate market! There has been lots of activity in the real estate market this spring. Properties under a million and in the more affordable range of 400-800k are getting lots of attention. Higher end priced homes are still seeing greater activity but not as much as the lower range. May 24 weekend was a busy weekend in our small town of Grand Bend but it was sure awesome to see our town come alive with tourists and nice weather.

Garrett and Mark just got back from Montreal where they attended a Young Leaders Network event that is hosted by RE/MAX Canada. These events are great for staying on top of our marketing ideas, new trends in the industry and most of all networking with amazing realtors across Canada so that when a client is moving away from our area that we can refer you to a trusted real estate agent that we know personally. Pictured above is one of the networking events where the whole group went on a river cruise for some sight seeing along the St. Lawrence River.

We have been busy getting some amazing properties listed in the past couple weeks ranging from riverfronts, lakefronts, brand new homes and cottages so we got something for everyone!

We love to talk real estate so call us anytime at 519-238-5700!

Re/MAX Luxury Report 2023

A lack of available homes listed for sale have served to prop-up housing values across the country, despite softer overall demand, explains Alexander. After double-digit declines from peak to trough in the second and third quarters of 2022, prices have held up relatively well in major centres. The year-over-year value of luxury homes in markets such as Calgary and Moncton increased, while the GTA, Hamilton-Burlington, Ottawa and Greater Vancouver have fallen just short of peak Q1 levels. In an effort to maintain supply and curtail demand from foreign buyers, the government implemented its Prohibition on the Purchase of Residential Property by Non-Canadians Act on January 1, 2023, which had unintentional consequences on the construction of purpose-built residential rentals and mixed-use projects across the country, as well as sports and entertainment figures and corporate transfers throughout the first quarter.

Amendments to the Act, effective March 27, 2023, included:
•Enabling more work permit holders to purchase a home to live in while working in Canada.
•Repealing existing provisions so the prohibition doesn’t apply to vacant land; provide an exception for development purposes.
•Increasing the corporation foreign control threshold from three per cent to 10 per cent.

Click the link to read the full report:

What Is Included In Closing Costs
When You Buy A Home?


Purchasing a home in the Canadian real estate market will be one of the most significant decisions of your life. Therefore, you need to know what you are paying for as you find a home to budget the home-buying process accurately. One of the expenses associated with buying or selling a detached house, a townhome, or a condominium is closing costs. These are a wide range of fees generally paid at the end of the transaction, accounting for roughly one percent to four percent of the overall purchase price, depending on where the home is located.

So, what can you anticipate paying when you complete the acquisition?
- Land Transfer Tax
- Legal & Agent Fees
- Property Tax Adjustments
- Pre-Builds can have additional fees
- Home Inspection & Appraisal Fees
- Mortgage Broker fee

Click the link to read the full article:

Summer Sunset Sounds Concert Series

The concerts are coming back to the Grand Bend Rotary Stage on the main Grand Bend beach! Concerts always start at 7pm on Sunday evenings. Bring a lawn chair and enjoy the sounds of some very talented artists as the sun goes down! This series is put together by volunteers and the amazing contributions by local businesses so come on out for free and joy! Donations are accepted at the event. See you Sunday July 7th for the first of the concerts!

Ausable-Port Franks Optimist Club 50/50

Support the local Optimist Club that is running another 50/50 fundraiser this summer to raise funds for many projects that the club puts on for the youth in our community! The Ausable-Port Franks Optimist Club is celebrating 40 years of giving back to this amazing community and without your support in raising funds this would never be possible. We greatly appreciate anybody who can find it in their heart to buy tickets! With two early bird prizes it pays to get your tickets now!

Click the link to buy tickets:

Featured Business Of The Month
White Squirrel Golf Club
Just North Of Grand Bend


Very excited to bring The White Squirrel Golf Club north of Grand Bend in St.Joseph's as our featured business of the month! Mark and I are both members there this year and have been really enjoying the course and all it's amenities! Here are a few words from Brittany Nigh, Manager, at White Squirrel Golf Club.

Early morning birdsong, brightly coloured flower beds, and errant golf balls –signs that spring is here at White Squirrel Golf Club! Boasting a year-round restaurant, 18-hole public golf course, practice facility, and state-of-the-art driving range, the team at White Squirrel is ready for another great season.

When purchased by owners Mac Voisin and Marcela Bahar in March 2018, the vision was a place for our community to gather to make memories, share good food and drink, and enjoy the beauty of Ontario’s West Coast. If you’ve ever had the privilege of a cold drink on our patio after a day on the course you know we are achieving this goal! Our facility now hosts numerous golf leagues, junior golf programs and camps, charity tournaments, and corporate events. We have 225 loyal club members who enjoy regular use of the golf course and driving range. Live music on the patio will start soon, with a jam night style event on Wednesdays, and local artists featured Friday and Saturday evenings. Our summer menu features some great local offerings and pub-style favorites.

No matter what the occasion, we would love to host you at White Squirrel! We have a full events calendar for the summer with lots of fun promised for all ages. And remember, you don’t have to be a golfer to enjoy our facility!

Book your tee-times, dining reservations, and more at:

10138 Merrywood Drive, Grand Bend
Listed at $1,900,000

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.

Click the link to watch the virtual tour:

71209 Karen Drive, Bluewater
Listed at $1,150,000

Welcome to this turnkey fully updated lakefront home or cottage at 71209 Karen Drive in Highlands 1 just north of Grand Bend! So close that you can walk to Grand Bend along the coastline with your toes in the sand! Enjoy all the benefits of living your best life on the sandy shores of Lake Huron. The home is fully updated from its original cottage finishing and most recently in the last year a brand new kitchen, stone retaining wall, on demand gas hot water heater, pot lights, light fixtures and luxury vinyl plank flooring. Updated vinyl exterior with metal roof installed in 2019. Nicely landscaped property with lots of space for four cars to park on private double wide gravel driveway. Entering the home you have incredible views of Lake Huron with the large windows in living room. Open concept design gives the home a great feel and makes it great for entertaining! Brand new kitchen offers two tone cabinetry with eat up island, quartz counters and brand new appliances including gas stove. Dining area offers lots of room for the whole family to sit down and enjoy dinner after a long day on the beach! Living room with brand new gas fireplace, pine ceiling and large window overlooking Lake Huron is a great spot to relax in the morning or evening. Offering three bedrooms with primary bedroom facing Lake Huron. Along with the full bathroom and laundry (full size washer and dryer) to make extended stays an easy task! With both the siding, attic and crawl space being reinsulated making this an efficient year round home or cottage for the new buyer! Septic system was totally redone in 1998. Bonus there are two sheds and the one lakeside shed would make for a super cute bunkie. Coming fully furnished minus a couple items the new buyer can come in and start enjoying the cottage this summer! Highlands 1 is a great cottage style subdivision just 2 KM north of Grand Bend and close to all amenities including grocery stores, pharmacy, hardware store and golf courses!
Click the link to watch the virtual tour:

10108 Port Franks Estates Drive, Port Franks
Listed at $1,100,000

Custom built new home by Nicholson Builders in Port Franks on a large lot surrounded by mature trees. Close to the sandy beaches of Lake Huron, marina’s, community center and all of the amenities that makes Port Franks and attractive place to call home. Nicely landscaped exterior with stone surrounds and retaining wall, stone steps with covered front porch, concrete pad for parking, large gravel drive and vertical siding with stone banding. Inside, you have a well-designed 1776 sqft open concept floor plan with the quality and finishes expected when buying a new home from a recognized builder. Bright entrance foyer welcomes you to the home and into the large living room complete with a gas fireplace finished off on a shiplap and stone feature wall. Spacious kitchen with granite countertops, subway tile backsplash, maple white shaker cabinets, accent lighting over the island and patio doors to the back deck from the eating area. Lots of cabinetry and storage making this a functional kitchen with room to entertain. Primary bedroom suite includes double walk-in closets as well as a ensuite with heated tile floors, glass tile shower, free standing tub and double vanity sink. Two additional bedrooms on the main floor for kids and guests as well as an additional full bathroom with shiplap feature wall. Mud room with built in cabinetry for laundry off the double car attached garage. Home features vinyl plank and tile flooring throughout with pot lighting in the primary living areas. Unfinished lower level with roughed in bathroom, 8' ceilings, painted concrete floors and 4 large windows. Price includes HST. Come call Port Franks home and this new build home yours. 
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 2023 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

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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