Collingwood, Blue Mountain Real Estate Predictions for 2013

Poor Garth Turner.  Looks like he turned out to be The Greater Fool.

In 2008, Mr. Turner wrote his book predicting a big real estate crash. It’s now the end of 2012 and it hasn’t happened.  Nor did the world end on December 21st last year as the Mayans may or may not have predicted.  In both cases, I’m not at all surprised as has been written on this blog many times  and I think 2013 will be pretty decent as well.

Mr. Turner can be forgiven for the errors in his judgment because it appears he must have been listening to the American media instead of paying attention to real Canadian fundamentals. This is a BIG difference and a really important point to make.  The media is in the business of selling newspapers.  Fear and gossip promote sales.

Despite anything you may read to the contrary, the truth is that unemployment rates are down by almost 2% over a year ago.  The average growth in house prices has been 3.3 to 3.6% nationally in the last year.  Interest rates remain stable. In its last Monetary Policy Report, the Bank of Canada said that following a period of below-potential growth, the economy should return to full capacity by the end of 2013.  Heck, even the U.S. real estate market is in recovery so bad news will be moderated on all fronts.

Secondly, the Collingwood-Blue Mountain and area market is not the Toronto market.  Or the Vancouver market, Windsor market or Saskatoon market.  When you read the paper and various interpretations of statistics and predictions of real estate market trends, what area are you reading about?  Given that we have micro economies all over the country with very real differences in real estate values, activity and trends, this is a key point. Beyond that, we even have micro economies within our own region.  The real estate activity for example in the Village at Blue is entirely different than it is in-town Collingwood.  Meaford and Wasaga Beach can follow entirely different trends as well.

Bottom Line:  My prediction is that 2013 will continue much the same as 2012 in our area.  I’m not convinced that we’ll see a moderation in the number of sales taking place although it is possible.  I suspect numbers may end the year higher than in 2012.  I also expect that we will continue to see appreciation in prices in the residential housing market while the condominium and chalet markets will remain flat in values in most areas.

It’s always a pleasure to meet new people and to assist them in meeting their real estate goals.  If you would like to schedule a buyer or seller consultation with me, please feel free to email me or call at 705-446-1762.


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About Marg

is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Thursday, January 3rd, 2013 at 5:18 am and is filed under Buying Real Estate, Market Conditions, Selling Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

2 Comments

  1. Janet McDonough says:

    Thank you for all the info. But, if you have a listing in Blue Mountain or Collingwood, what is your Commission? Is it a percentage or a flat rate?

    I could not find it. Thank youy Janet

  2. Marg says:

    Thanks for your comment and question Janet. Our commission rate is based on a percentage of the sale price of the property and, the rate depends on the property as well as the services provided. If you have a specific interest about a particular property, please feel free to email me directly.

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RE/MAX four seasons realty limited, brokerage  ♦  67 First Street Collingwood, ON L9Y 1A2  ♦  705-445-8500