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Massillon area real estate transfers Dec. 25-31 – Massillon Independent



Bethlehem Township

Bertram John from Huddleston Jennifer E, 207 Jacob St NE, $111,100. 

Canal Fulton

Anthony Hunter M from Fields Micaela, 546 Longview Ave, $218,000. 

NVR Inc., A Virginia Corporation, DBA from Schalmo Properties Inc, parcel 10013929 Bonita Cir SE, $29,500. 

Thompson Victoria L & Nicholas M from Mcfee Gregory N, 965 Ross Dr, $297,000. 

Jackson Township

Adams James H from Valentine Theresa N Trustee, 6174 Bergess Rd NW, $722,500. 

Alvarez Larissa & Wigington III David from Kiser Dustin J, 5927 Fulton Dr NW, $249,900. 

Bloomhuff Michael Alan & Wanda Kay from Carlson Steig A, 3778 Woodleigh Ave NW, $480,000. 

Cavanaugh Cory & Jamie from Whatling Ronald G, 3454 Cardiff Ave NW, $236,000. 

Crofford Andrew John from Raff Andrew H, 6230 Beachland Cir NW, $270,000. 

Cueto Isaac E & Chelsey K from Ressler Harold Jr & Wanda, 9467 Emerald Isle St NW, $149,000. 

Day Kassiani F from Glaros Katherine E, 8622 Ontario St NW, $148,000. 

Duque Venus M from Perkins Duane A & Lori E, 9593 Crimson St NW, $326,000. 

Flack Brandon & Hannah from Scott Loyal v Sr, 7630 Fawn Dr NW, $189,900. 

Floom Christopher J from Singh Ragbir & Al-Mousa Mazin, 5804 Hills and Dales Rd NW, $265,000. 

Glendale Village Homeowners Association from Maxsam Investments LLC, 3960 Saltmarsh Cir NW, $70,000. 

Glendale Village Homeowners Association from Maxsam Investments LLC, 3968 Saltmarsh Cir NW, $37,000. 

Herrmann John T & Martha M from Mccann Robert J Jr, 8703 Dublin Ridge Cir NW, $170,000. 

Hidden Hollow Properties LLC from Fishberg and Worshil LLC, 4700 20th St NW, $317,900. 

Johnson Adam T from Hink Ralph M & Diane S, 9550 Cliffview St NW, $265,000. 

Koteff Melissa from Solanki Rekha M, 3085 Wickford Ave NW, $299,900. 

Lesneski Bernard F & Griffin Mary Lou from Canterbury Preserveltd, 7435 Emerald Glen Ave NW, $79,000. 

Mzoy LLC from Kelleric Realty LLC, 4001 Whipple Ave NW, $215,000. 

Scofield Sadie from Neff John R & Elaine M, 3047 Perry Dr NW, $123,700. 

Shrigley Amber & Sweitzer Jeffrey from Coffelt Devon & James & Shelley, 7606 Ravine Dr NW, $251,000. 


Boylen Kaira from Clendenin Robert C & Patricia, 807 Cherry Rd NW, $108,500. 

Bushman Samantha L from Henry Jane M, 1255 Patriot PL SW, $170,000. 

Cruz Penny L & Walter E from Reese Timothy M, 225 Lewis PL NE, $20,190. 

Krutsinger Michael A & from R&W Home Improvement LLC, 4862 Sippo Reserves Dr NW, $355,000. 

KS Yoak Enterprises LLC from Ollis Steven A, 2318 Massachusetts Ave SE, $25,000. 

Long Robert E Jr from Smith Staci Lynne, 1003 Johnson St SE, $59,400. 

Maurer Dawn from Blythe Dillon, 34 Rolling Park Dr N, $2,500. 

Red Velvet Investments LLC from Allen Lisa K, 27 Willard Ave NE, $28,000. 

Shaw Eric from Continental Community Sales, 16 Rolling Acres Cir E, $4,000. 

Sig Lincoln Way Outlots LLC from Sig 2600 Lincoln Way LLC, 2548 Lincoln Way E, $450,000. 

Sig Lincoln Way Outlots LLC from Sig 2600 Lincoln Way LLC, parcel 10014413 E Lincoln Way, $450,000. 

Vickers Tony & Crystal from Butler Vincent R & Phyllis Y, 122 23rd St SE, $135,000. 

Weston Andrew Joseph from Loar W Dean Jr, 1505 Dexter Rd NE, $143,000. 

White Duncan from Lumpp Anthony, 923 Campbell Cir NE, $150,000. 

Williams Thomas L from Hintz Robert F, 645 Wabash Ave SW, $58,500. 

Young Joshua from Young Jessica N, 503 Shaw Ave NE, $74,500. 

Nimishillen Township

Jones Tyler S & Meghan R from Thomas Mark A & Christine M, parcel 10014264 Maplegrove Ave NE, $120,240. 

Orzo Brandy Nicole from Mcknight James R Jr, 5673 Ravenna Ave, $110,000. 

North Canton

Dimauro Mitchell & Miranda from Tyler Jennifer L & Mealy Robert W, 1300 7th St NE, $305,000. 

Funk Jacqueline A from Hicks Timothy D, 1273 Monterey BLVD NW, $19,750. 

Lesh Properties LLC from Drake Terry A & Herron Brynn L, 325 Everhard Rd SW, $75,000. 

North Canton CSD Board of Education of from North Canton CSD Board of Education of, 341 Wise Ave NE, $1,980,000. 

Palmer Tyler A & Snyder Sarah G from Patterson Jo Ann Ttee, 1521 Westfield Ave SW, $158,000. 

Wolfe Gary & Arlette from Browder Cynthia A, 1259 Los Angeles BLVD NW, $1,000. 

Osnaburg Township

Parker Andrew & Alexis from Irwin Shaun E & Kathy D, parcel 3800086 Crestlawn Dr SE, $12,000. 

Rossy Billy D from Neff Dwight, 2646 Klotz Ave NE, $150,000. 

Sierzant Mitchell J from Gray Denise A, 6990 Mapleton St SE, $220,000. 

Perry Township

Ama Ohio Home LLC from Hunter David N, 162 Saratoga Ave NW, $145,000. 

Barnes Brittany N & Kaplar Benjamin from Groh Kari & Jon R, 204 Stewart Ave SW, $145,000. 

Burns Dawn & Andrew from NVR Inc A Virginia Corporation DBA, 6961 Gauntlet St SW, $262,330. 

Caughey Thomas J & Carol A from Bachtel Dennis L & Sibila Rinda & Manley, 2900 Fasnacht Cir NW, $213,000. 

Clouse Cathy L from Lorenz Paula A, 4607 7th St NW, $85,000. 

Cronin Mikell from Calloway Ada, 3354 Hilton St NW #5, $9,000. 

Donaldson Lori A from Garner Stacey L & Colin M, 3208 Rayanna St NW, $135,000. 

Dumire Edwin D & Nancy L Trustees from NVR Inc A Virginia Corporation DBA, 7066 Gauntlet St SW, $285,620. 

English Jonathon Taylor & Jurado Paige from Smith Justin K, 3607 Clark St SW, $195,000. 

Fry Tyler J from Blocher Gerald J, 1606 Clearbrook Rd NW, $202,500. 

Hund Jared J from Garber Martha A, 1312 Lost Tree Dr NW, $259,000. 

Jones Scott from Mcbride Paul, 143 Marsden Ave SW, $5,900. 

Legere Trent & Leary Adam & Tamara from Blythe Construction LLC, 4075 Fairgrove Ave SW, $10,400. 

Lopez Carlos J Sr from Case Jay L, 3456 Southway St SW, $40,000. 

Matzke Brad Edward from Miller Mark E & Karen, 5888 Longview St SW, $264,900. 

Richardson Kelly A from Kraft Eleanor J, 2614 Oakview St NW, $142,900. 

SFR3-040 LLC from Murray Nadine C, 143 Saratoga Ave SW, $82,000. 

Snopel Christopher from Mary Ellen Slinger Company LLC, 1851 Clearbrook Rd NW, $204,000. 

Thewes Michael L & Kendrick Renee from Thewes Barbara R, 4449 Emma PL NW, $165,000. 

Vanzant Scott from Young Joan K, 1738 Dunkeith Dr NW, $225,000. 

Whipkey Tiffany & Andrew David from Loader Brett R, 4952 15th St SW, $170,000. 

Williams Christie Rae from George Lauren R, 4949 Barrie St NW, $200,000. 

Zimmerman Chad from Bridges Laura L, 6731 Westwood Ave SW, $170,000. 

Sugarcreek Township

Gingerich Jacob L & Katie A from Hershberger Enos A & Rachel A, 8460 Welty Rd SW, $221,000. 

Hershberger Enos A & Rachel A from Yoder Jonas E & Malinda, 8823 Welty Rd SW, $200,000. 

Jantzen Wyndall A & Katie L from Medure Janet M Trustee / Mary L Scassa I, 656 Muskingum Ave NW, $225,000. 

Mast Trevor A & Miller Sophie E from Kennedy Michael & Natalie, 7551 Kellerer St SW, $100,000. 

Miller Michael J & Kathryn from Alcorn Brenda D, 7065 Alabama Ave SW, $225,000. 

Savage Nicole & Corey from Savage Rick, 312 Redwood St SW, $74,000. 

Tuscarawas Township

Light Timothy W & Charlene from Warth Stephen R and Erika A, 11922 Bonnie Brae Dr SW, $280,000. 

Whispering Grace Horses Inc from Elms of Massillon Inc, parcel 7206582 Kimmens Rd SW, $270,000. 

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Toronto suburbs boast the most overvalued real estate in all of Canada – blogTO



While people in and around Toronto have just had to accept (albeit begrudgingly) the region’s outrageous home prices for what they are, it’s downright maddening to look at what you could buy in other parts of the world for the amount it costs for even a tiny condo here.

It’s not just the downtown core, either, with peripheral markets in the province continuing to see prices skyrocket to unseen levels, and homes in even small-town Ontario now on par with L.A. and other larger and far more desirable cities.

Though it’s obvious the region’s real estate is not actually worth as much as it’s going for these days, the extent to which it is overvalued at this point is quite shocking.

New figures from BMO (via Better Dwelling) show that while Canadian homes in general are about 38 per cent overvalued, the issue is the worst in Ontario, where home prices are about 55.4 per cent overvalued as of the first few months of this year.

What’s most interesting is that in Toronto specifically, this number is lower than the province as a whole — at 41 per cent — while in the surrounding suburbs, it’s far higher.

Cottage country areas like Muskoka, the Kawarthas, and Haliburton are approximately 64 per cent overvalued, the bank says, while the suburbs just outside of the GTA have the highest levels of overvaluation.

Properties in “exurb” areas like London, Barrie, Niagara, Guelph and Kitchener-Waterloo — that is, not the suburbs directly around the city, but just beyond — are now around 74 per cent more expensive than what they’re worth.

Given how fast home prices have climbed in Toronto and, as a result, around the city, experts say we have been on the verge of bubble conditions for some time now; the city was actually just ranked the second-biggest housing bubble in the world at the end of last year due to its severe overvaluation.

This will, stakeholders seem to agree, eventually lead to a swift downtown and market correction, likely later this year due to a number of factors, even without the government intervention that so many have been demanding to quell out-of-control price acceleration.

While B.C., Quebec and Atlantic Canada all join Ontario in having substantially overvalued housing markets, prospective Canadian buyers can still get some bang for their buck if they’re willing to move to Alberta or Saskatchewan, which are considered undervalued.

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Real Estate Has Bucked the Deglobalization Trend – MSCI



Real Estate Has Bucked the Deglobalization Trend

  • Deglobalization has had profound implications for portfolio construction in listed assets. Conversely, with real estate, there are indications that the asset class has become more global in recent years.
  • Return dispersion across national markets has decreased, while property type has become a more important return driver across all markets, suggesting stronger international alignment, as cross-border transaction volumes have remained stable.
  • Institutional real estate investors could still face challenges from deglobalization, but a historical preference for more transparent and stable markets may help counterbalance some of them.

Real estate has historically exhibited a strong home bias, with investors favoring their local markets. Where investors have sought offshore exposure, they have typically favored markets that offer higher levels of transparency, better governance and stability. This is not to say that investors have not allocated to markets that are less transparent than their home markets. Nor that they have not pursued strategies higher up the risk curve when they invested in foreign markets. But in aggregate markets with higher transparency and government ESG scores have tended to attract more real estate capital.

Globalized real estate drivers in a deglobalizing world

The demand for international real estate is driven by the world’s largest institutional investors, many of whom have explicit global real estate investment mandates. Surveys of investor intentions show continued strong demand for cross-border investments among this group.1 Despite this sentiment, the share of the volume of cross-border transactions, as tracked by MSCI Real Capital Analytics, has remained relatively stable over the last decade, ranging between 19% and 26% of total quarterly transaction volumes.2

Even with relatively stable flows across borders, there is evidence that real estate may have become more global based on return behavior. There has been a notable decline of total-return dispersion across national markets in the MSCI Global Annual Property Index since 2008. At the same time, the spread of returns across property types has increased across all markets as technology changes (like the rise of e-commerce) and the pandemic have disrupted real estate markets, causing headwinds for sectors like retail and office but boosting other sectors like industrial. These trends point to potentially stronger international alignment in the asset class: Unlike in much of the previous two decades, since 2019 there was a greater opportunity for outperformance from allocation decisions based on property type, rather than country.

Return dispersion decreased across national markets but increased across property types

Source: MSCI Global Annual Property Index

Could deglobalization affect real estate?

Political populism, the COVID-19 pandemic and increased geopolitical tensions have all contributed to concerns about deglobalization. Business cycles may become desynchronized, leading to wider variations in the performance of equity and bond markets across countries, lower correlations and higher volatilities. The investment impact of this trend emerged in recent years: In equities, correlations between countries and regional blocs have declined.

Going forward, global investors in bonds and equities may respond by taking a more nuanced approach to asset allocation — for example, by considering new, more focused country allocations for broad allocation decisions (geopolitical blocs, energy importers versus exporters or autocracies versus democracies) and placing greater emphasis on risk factors exposed by the war in Ukraine, such as sanctions risk, reputational considerations and currency convertibility. While it is possible that similar deglobalization headwinds may emerge for real estate investors, there are several factors that could mitigate this.

One example is that, as mentioned earlier, transparency, governance and stability have always been important considerations for global real estate investors, as it is an opaque and illiquid asset class, where asset-investment life cycles are typically measured in years (the median holding period for assets in the MSCI Global Annual Property Index has been six years). The result is that markets with higher transparency, better governance scores and stronger institutions represent the lion’s share of the opportunity set and transaction volumes.

Transparency, governance and stability have mattered in real estate

Where available, market-size estimates are sourced from MSCI’s Real Estate Market Size Report 20/21. For the remaining countries, market size is assumed to be 10% of GDP. Source: JLL, Our World in Data, MSCI

Institutional real estate investors may therefore have less exposure to countries significantly exposed to decoupling risk due to deglobalization. Of the approximately USD 2.3 trillion of assets that MSCI tracks in the MSCI Global Annual Property Index and MSCI Asia Annual Property Index, over 91% of the capital value was invested in liberal democracies with real estate markets rated as transparent or highly transparent by JLL.

Nevertheless, deglobalization could have knock-on effects that impact real estate. For instance, increased political polarization and pandemic-induced supply-chain disruption could drive “nearshoring” and changes to international trade patterns.3 These changes could in turn affect the volume, nature and location of real estate demand. For example, a move from just-in-time to just-in-case logistics could increase demand for industrial-warehouse space and see some of that demand shift away from markets that are further afield and more vulnerable to potential trade disruption.

While deglobalization could result in profound consequences in asset allocation and portfolio construction, different asset classes may be affected in different ways. The distinct features of the real estate investment process, as opposed to that for listed equities and bonds, as well as the nature of the opportunity set typically available to global real estate investors, may mean that real estate could be less directly exposed to the effects of this investment megatrend.

The authors thank Alexis Maltin for her contributions to this post.

1For example, see: “2021 Institutional Real Estate Allocations Monitor.” Hodes Weill & Associates and Cornell Baker Program in Real Estate, Nov. 10, 2021.

2It should be noted that purchases made by third-party managers on behalf of offshore investors will count toward domestic volumes rather than cross-border volumes and thus may underestimate total cross-border capital flows.

3Nearshoring is the practice of transferring a business operation to a nearby country, especially in preference to a more distant one.

Further Reading

Did Deglobalization Add to Inflation Woes?

The Erosion of The Real Estate Home Bias

Real Estate’s Income Risk in an Inflationary World

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With housing top-of-mind for Ontarians as election looms — Windsor's real estate market cools –



With the Ontario election less than one week away and interest rates rising, the real estate market in Windsor-Essex is experiencing a cool down.

However, the price of a home is still significant, leaving many constituents feeling left out of the market, yet hopeful that the election might bring with it some improvements.

“Optimism and hope is always there because that’s all we have, right?” said Shanike Gordon, a single mom with two kids renting an apartment in Windsor.

Gordon hopes to get into the housing market soon. 

“That’s the goal at the end of the day — you have somewhere for you and your kids to be able to call home,” she said.

The latest numbers indicate a shift in the local real estate climate, with buyers taking a more conservative approach, and sellers not seeing as much competition for their houses as before, according to Windsor realtor Abe Alhakim.

“We’ve noticed a slowdown in the market over the past few months,” explained Alhakim, who works with LC Platinum Realty. 

“We’ve noticed buyers have put their plans on hold, especially with the increase in interest rates from the Bank of Canada, which has already had one interest rate increase and more is planned over the next few months. And also there’s an Ontario election coming up, so people want to kind of see how things work out over the next few months.”

After months of prices climbing, the average price of a home in Windsor-Essex dipped to $692,759 in April. It was the first decline in the average sale price of a home since September 2021. At its peak, the average price of a home reached $723,739 in March.

The number of sales also dipped by 16 per cent in April compared to the month prior. Sales also dropped by nearly 19 per cent compared to April 2021.

Alhakim describes it as a “mixed market” where some homes are still selling significantly over asking price with multiple offers and bidding wars, while other houses aren’t seeing the same kind of demand. 

Realtor Abe Alhakim says the real estate market in Windsor-Essex is experiencing a slow down. (Katerina Georgieva/CBC)

As for what’s anticipated for the coming months, Alhakim noted, “that’s the golden question.”

“I anticipate the market will stay stabilized and balanced over the next few months, but it remains to be seen how expected interest rate increases are going to affect the market — and also the Ontario elections.”

He noted that the decline has some feeling “fearful” while others are jumping at the opportunity to buy a home at a cheaper price point.

Housing key election issue

Housing costs are a key issue for voters across Ontario, with bidding wars and low supply having driven prices up in recent years. To address the issue, the PC Party, NDP and Liberal Party leaders have all pledged to build 1.5 million homes if elected.

For Leamington’s Terry Maiuri, it’s particularly concerning as he considers the impact the soaring prices are having on his son. 

“It’s just getting ridiculous for the younger generation, I’d say, to afford housing,” Maiuri said.

Terry Maiuri, left, Lisa Lum, centre, and Shanike Gordon, right have affordability of housing on their minds during this provincial election. (CBC)

His 20-year-old son is close to completing his university studies, and Maiuri is concerned about what comes next.

“I told my wife the other day, with the price of houses, I said, ‘My God, he’s going to be living with us until he’s 40.’ Like, how does someone starting out as an adult afford housing, let alone apartment rentals?” he asked. 

“It just seems a little ridiculous.”

He added that while politicians say they realize there’s a problem, he doesn’t think any party is doing enough to address the issue.

Shanike Gordon on housing

7 hours ago

Duration 0:48

Single mom Shanike Gordon shares her hope of buying a home one day.

Windsor voter Lisa Lum says affordable housing is key for her this election. She said, after living in her Walkerville home for eight years, she was recently evicted after her landlord sold the duplex she was renting. 

Now, she’s in a new home in the same neighbourhood, but it’s significantly smaller, paying $500 more in rent. 

As for whether she might want to buy down the road, she doesn’t believe that to be realistic given the state of the market. 

“I wouldn’t be able to with the bidding wars that are here,” she said.

“I mean, how do you even get the down payment when homes that were bought, you know, five years ago for $120,000, and now they’re going for five and $600,000?”

While she’s optimistic more can be done by political leaders to address rent control, she doesn’t have confidence much will change when it comes to real estate.

As for Gordon, she’s not sure she’ll be voting at all in the provincial election, but explained stronger action on housing could sway her.

“Anything that caters for housing, families, single families especially, I’m all for it,” she said. 

Meanwhile, Alhakim continues to monitor the market, adding that he doesn’t expect a major correction in the market, but envisions the market settling into a plateau this year.

The housing market in Windsor-Essex is experiencing a cool down, with a dip in the average price of a home and fewer offers on some homes, according to realtor Abe Alhakim. (Katerina Georgieva/CBC)

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