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Lorraine McDonald
Sales Representative

CREA Updates and Extends Re-sale Housing Market Forecast

Extended Outlook to 2020


(CREA) has updated its forecast for home sales activity via the MLS® Systems of Canadian real estate Boards and Associations in 2019 and extended its outlook to include 2020. More Info..

Annual rent rates poised to go up

According to a recent report by

Annual rents to increase by 11% in Toronto, 9% in Ottawa and 7% in Vancouver, says a recent report by  Average rents across Canada will increase by 6% in 2019.
The average Canadian rental property on was listed at $1,754 per month in November 2018, a decrease of 4.4 percent month-over-month. “The dip is not uncommon because fewer people move during the winter months,” says Ben Myers, president of Bullpen Research & Consulting. “Toronto rents have been pulled up by recently completed high-design condo apartments for lease,” says Matt Danison, CEO of “Landlords can rent their inventory for significantly more than older rental apartments.” More Info..

Sellers Gain Some Heft as Listings Thin

Slower market calls for a clever selling strategy

(The article below is excerpted from The Globe and Mail, December 7th, 2018.  Collingwood / Blue Mountains tends to follow trends set in the Big Smoke, which makes articles like this relevant, but we remain a niche attracting wealthy retirees and investors and a growing commercial need to serve them.) More Info..

CMHC making changes to allow self-employed to qualify for a mortgage

Great news for Canadian entrepreneurs

Canada Mortgage and Housing Corporation is making changes to facilitate self-employed Canadians  with obtaining a mortgage. The national housing agency says it’s giving lenders more guidance and flexibility to help self-employed borrowers.

CMHC chief commercial officer Romy Bowers stated:
“These policy changes respond to that reality by making it easier for self-employed borrowers to obtain CMHC mortgage loan insurance and benefit from competitive interest rates,” Bowers said in as statement.
The new rules will come into effect October 1st, 2018.
Below is a link to the full article from the Financial Post. 

More Info..

Best Home Improvements for Resale

Getting the most value from your renovations

If you are entertaining the idea of selling your current home, there are so many things to consider. And, within all those considerations, your financial benefit should be taken into account. For example, many home owner's will embarke to costly upgades to kitchens, bathrooms and landscaping. The goal is that these improvments and upgrades will be of financial benefit. The key is to find that balance and to know what changes and upgrades will be most beneficial to profitability.

A recent Canada-wide survey of Royal LePage real estate experts suggests that kitchen and bathroom renovations are money well spent.  The majority  of experts suggest interiour renovations over exterior renovations ( 95.0% to 5.0%). 
To read more do's and don'ts to achieve the maximun return on your investment, click the link below. More Info..

Realtors®: Slam Proposed "Punitive" Taxes in York Region

Realtors® and car dealers are teaming up to demand York Region put the brakes on its hopes of bringing in new taxes on vehicles and real estate. More Info..

How Much Home Can I Afford?

When buying a home anywhere the bottom line lies with what you can afford. We know that prices in the GTA (Greater Toronto Area) have been going up drastically over the last several years.

But what does this actually mean for you? What is the average household income you need to generate in order to own a certain type of property? More Info..

Economic Impact of MLS® Home Sales and Purchases in Ontario (2017)

Resale housing transactions across Ontario generate significant economic activity. A summary of the 2017 Altus Report is below; for the full report, please contact us.

Estimated expenditures generated by the average housing transaction (2015): $67,425
Average annual spin-off benefits of MLS® activity (2014-2016): $14.9 Billion
Average annual direct & indirect employment generated by MLS® home sales (2014-2016): $98,475
  More Info..

The Canadian Real Estate Market Projections to 2019

A Balanced Housing Market

The Canadian Real Estate Market is poised to remain strong. Despite a cooling off in home prices and sales, all data and stats suggest minor fluctuations with housing starts set to level off by 2019.
We are in a balanced market in which there are both inventory and buyers. 
But, why has the market "cooled off"? More Info..

Rising Interest Rates

How will this effect you and your mortgage?

Here is a recent article from The Globe and Mail (January 24, 2018) discussing the changes that will occur as interest rates increase. 
In summary:
The Bank of Canada is raising interest rates. The economy is strong and unemployment rates in 2017 were at the lowest rate since the mid 1970s. The raising of interest rates is seen as a vote of confidence that the Canadian economy is healthy. More Info..

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209820 Hwy 26 W
Blue Mountains
Office: 705-445-7799
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Jane Direct: 705-888-1982

Lorraine Direct: 705-444-4216

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