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Residential property sales remain strong in BDAR's latest real estate numbers – BradfordToday

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NEWS RELEASE
BARRIE AND DISTRICT ASSOCIATION OF REALTORS
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The November 2021 sales information is in, and residential property sales recorded through the Matrix System for the Barrie and District Association of Realtors (BDAR) region showed strong year-over-year increases in the average price of units sold. This was driven by both the units sold within the City of Barrie and the areas outside of it. However, the number of transactions has decreased from the same time last year.

Month-over-month (November 2021 vs. October 2021)

Residential homes

The Housing Price Index (HPI) showed a 2.9 per cent month-over-month increase of from October 2021.

Simcoe County

617 residential units were sold in Simcoe County last month  —  a 12.1 per cent decrease from October 2021. During the same time a year ago (October 2020 to November 2020), there was an 26.8 per cent decrease in the number of units sold.

The average price of residential units sold last month was $845,644 — a 1.5 per cent increase from October 2021. This growth was greater than the Month-over-month change in average price a year ago (+0.1 per cent).

City of Barrie

197 units were sold last month within the City of Barrie, which was 10.5 per cent less than the number of units sold the month prior. A year ago, the number of units sold between November and October decreased 24.5 per cent.

The average price of units sold within Barrie during November 2021 was $836,147. This was 8.6 per cent more than the average price during October 2021. In comparison, the average price of units sold between November 2020 and October 2020 increased 0.2 per cent.

City of Barrie – Apartments and condos

25 apartment and condo units were sold in Barrie last month — 26.5 per cent less than the number of units sold in October 2021. The average price of apartment and condo units sold in the City of Barrie last month was $559,692 — 10.3 per cent more than the average price in October 2021.

Simcoe County excluding Barrie

In Simcoe County excluding Barrie last month, 420 units were sold. This was 12.9 per cent less than the number of units sold during October 2021. At the same time a year ago, there was an 27.9 per cent decrease in the number of units sold outside of Barrie.

The average price of units sold in the areas outside of Barrie last month was $850,099. This was 1.5 per cent less than the month prior. Between November 2020 and October 2020, the average price of units sold outside of Barrie increased 0.2 per cent. 

Innisfil

41 residential units were sold in Innisfil last month — a 29.3 per cent decrease from October 2021. During the same period a year ago (October 2020 to November 2020), there was a 30.8 per cent decrease in the number of units sold. The average price of residential units sold in Innisfil last month was approximately $989,879 — a 11.0 per cent increase from October 2021. In comparison, there was a 0.5 per cent decrease in average price from from October to November in 2020.  

Orillia

47 residential units were sold in Orillia last month  —  a 19.0 per cent decrease from October 2021. During the same period a year ago (October 2020 to November 2020), there was an 32.5 per cent decrease in the number of units sold. The average price of residential units sold in Orillia last month was approximately $691,428 — a 4.7 per cent increase from October 2021. The average price a year ago increased 6.9 per cent from October to November.

Essa

In Essa last month, 31 residential units were sold. This was 16.2 per cent less than the month prior. During the same period a year ago, there was no change in the number of units sold. The average price of residential units sold in Essa last month was $879,230 —  a 9.7 per cent decrease from October 2021. This time last year, the average price increased 8.0 per cent from October 2020 to November 2020.

Year-to-date (YTD) (November 2021 YTD vs November 2020 YTD)

All residential homes

Simcoe County

9,358 residential units were sold in Simcoe County during November 2021 Year-To-Date (YTD) (January 1st, 2021 – Nov. 30, 2021). This was 8.0 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 to Nov. 30, 2020). The average price of residential units sold during November 2021 YTD was $787,980. This was 32.7 per cent greater than the average price during the same timeframe last year.

City of Barrie

3,103 units were sold in the City of Barrie during November 2021 YTD. This was a 10.7 per cent growth from the same timeframe last year. This growth was greater than the growth in total Simcoe County (+8.0 per cent).

The average price of units sold within the City of Barrie during November 2021 YTD was $741,002. This was 31.6 per cent more than the same timeframe last year. This growth was less than what was seen in the total Simcoe region (+32.7 per cent). During November 2021 YTD, Barrie accounted for 33.2 per cent of residential properties sold. This was 0.8 share points more than the same timeframe during 2020.

City of Barrie – Apartments and condos

435 apartment and condo units were sold in Barrie during November 2021 YTD — 12.4 per cent more than the number of units sold in November 2020 YTD. The average price of apartment and condo units in the City of Barrie this year so far was $496,080. This was 21.8 per cent more than the average price during the same timeframe last year.

Simcoe County excluding Barrie

6,255 residential units were sold in the areas outside of Barrie during November 2021 YTD. This was 6.7 per cent more than the number of units sold during November 2020 YTD. This growth in number of units sold was less than the growth seen in the total Simcoe region (+8.0 per cent).

The average price of units sold during this time was $811,285. This was 33.3 per cent greater than what was seen during November 2020 YTD. This growth was greater than that of total Simcoe (+32.7 per cent). During November 2021 YTD, Simcoe County excluding Barrie accounted for 66.8 per cent of residential properties sold. This was 0.8 share points less than the same timeframe during 2020.

Innisfil

687 residential units were sold in Innisfil during November 2021 YTD. This was 9.2 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 to Nov. 30, 2020). The average price of residential units sold in November 2021 YTD was $861,222. This was 42.8 per cent greater than the average price during the same timeframe last year. During this time, Innisfil accounted for 7.3 per cent of sales in Simcoe County — a 0.1 share point change from the same timeframe last year.

Orillia

699 residential units were sold in Orillia from the beginning of 2021 to Nov. 30, 2021. This was 7.2 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 to Nov. 30, 2020). The average price of residential units sold during November 2021 YTD was $641,180. This was 35.8 per cent greater than the average price during the same timeframe last year. During November 2021 YTD, Orillia accounted for 7.5 per cent of sales in Simcoe County, 0.1 share points less compared to Orillia’s share in November 2020 YTD.

Essa

409 residential units were sold in Essa during October 2021 YTD. This was 10.5 per cent more than what was sold during the same timeframe last year (Jan. 1, 2020 to Nov. 30, 2020). The average price of residential units sold in November 2021 YTD was $813,999. This was 33.8 per cent greater than the average price during the same timeframe last year. During this time, Essa accounted for 4.4 per cent of sales in Simcoe County —  0.1 share points more than the same timeframe last year.

Year-over-year (November 2021 vs November 2020)

All residential homes

The Housing Price Index (HPI) showed a 36.8 per cent Year-over-year increase between November 2021 and November 2020.

Simcoe County

617 residential units were sold in Simcoe County last month — 13.2 per cent less than the same time last year. As well, the average price of residential units sold was $845,644, which was 30.0 per cent greater than that of November 2020.

City of Barrie

197 residential units were sold during November 2021 within Barrie. This was 16.9 per cent less than the number of units sold during November 2020. This decline was greater than that of total Simcoe County (-13.2 per cent).

The average price of residential Barrie units sold during November 2021 was $836.147 — 38.5 per cent greater than the average price of units sold during November 2020. This growth was greater than the average-price growth of total Simcoe County (+30.0 per cent). Sales in Barrie accounted for 31.9 per cent of residential sales in Simcoe County last month. This was 1.4 share points less than the same time last year.

City of Barrie – Apartments and condos

25 apartment and condo units were sold in Barrie during November 2021  —  21.9 per cent less than the number of units sold in November 2020. The average price of apartment and condo units in the City of Barrie during November 2021 was $559,692. This was 35.5 per cent more than the average price during the same time last year.

Simcoe County excluding Barrie

420 residential units were sold outside of Barrie during November 2021, and this was 11.4 per cent less than the number of units sold during November 2020. This decline was less than the 13.2 per cent decline in the total Simcoe region.

The average price of units sold in Simcoe County excluding Barrie last month was $850,099. This was a 26.1 per cent increase in the average price, Year-over-year. This growth was less than what was found in total Simcoe County (+30.0 per cent). Residential property sales outside of Barrie accounted for 68.1 per cent of sales in Simcoe County last month. This was 1.4 share points greater than the same time last year.

Innisfil

41 residential units were sold in Innisfil during November 2021, and this was 8.9 per cent less than the number of units sold during November 2020. This decline was less than the 13.2 per cent decline seen in the total Simcoe region. The average price of units sold in Innisfil last month was approximately $989,879. This was a 43.7 per cent increase in the average price, Year-over-year. This growth was greater than what was found in total Simcoe County (+30.0 per cent). Sales in Innisfil accounted for 6.6 per cent of sales in Simcoe County during November 2021. This was 0.3 share points more from Innisfil’s share of sales during the same time last year.

Orillia

47 residential units were sold in Orillia during November 2021, and this was 9.6 per cent less than the number of units sold during November 2020. This decline was less than the 13.2 per cent decline seen in the total Simcoe region. The average price of units sold in Orillia last month was approximately $691,428. This was a 33.6 per cent increase in the average price, Year-over-year. This growth was greater than what was found in total Simcoe County (+30.0 per cent). Orillia’s sales made up 7.6 per cent of sales in Simcoe County. This was 0.3 share points more than the same time last year.

Essa

31 residential units were sold in Essa during November 2021, and this was 22.5 per cent less than the number of units sold during November 2020. This decline was greater than the 13.2 per cent decline seen in the total Simcoe region. The average price of units sold in Essa last month was approximately $879,230. This was a 31.6 per cent increase in the average price, Year-over-year. This growth was greater than what was found in total Simcoe County (+30.0 per cent). Sales in Essa accounted for 5.0 per cent of sales in Simcoe County during November 2021. This was 0.6 share points less than Essa’s share of sales during the same time last year.

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Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It – Better Dwelling

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Canada’s Real Estate Bubble Is So Big Even The Mother of All Crashes Can’t Fix It  Better Dwelling



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Lack of listings pushes Alberta real estate into a sellers' market – Calgary Herald

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High demand in Calgary and Edmonton, paired with continuing low supply, will likely drive prices higher in the year ahead, says Zoocasa

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page.

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Amid the success of the real estate market is a sore spot that could drive up prices more than expected, and that’s low inventory in the coming year, according to one national realty firm.

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While the pinch of low supply is most acute in larger centres like Toronto and Vancouver, Alberta is also “feeling the inventory pinch,” says Rachel Rehkopf, spokesperson for Zoocasa Realty Inc. in Toronto.

She points to December total sales rising by 27 per cent in Alberta while new listings remained stagnant.

That “pushed the entire province into sellers’ market conditions.”

The province sits at 2.5 months of residential inventory. That essentially means if no new homes came to market over the next two and a half months, and current demand for housing continues, Alberta would have no more homes for sale.

It’s a scenario that’s unlikely to happen, of course, and the overall supply-demand picture is better in Alberta than other parts of the country, she adds.

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In Ontario, for example, supply is 0.6 months while the metric is 1.7 months in British Columbia.

Yet Alberta’s supply is significantly lower than last year when it had four months of supply, she says.

Calgary is the tighter of the two large markets in the province with only 1.5 months of supply, while Edmonton actually added new listings in December, growing by about 10 per cent, year over year. Still, sales in Edmonton outpaced new listings, resulting in a 14 per cent decrease in inventory.

Overall, high demand in both cities paired with continuing low supply will likely drive prices higher in the year ahead, she notes.

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Welcome to Real Estate Friday! – theberkshireedge.com

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Here’s what we have for you this week in The Edge Real Estate section:

  • Property of the Week – Janet Kain of TKG Real Estate offers the opportunity to live in a stunning home, lovingly cared for and perfectly located for year-round enjoyment of the Berkshires.
  • Transformations – Designer Jennifer Owen and her clients imagined a calming space to relax while listening to the Boston Symphony Orchestra Live from Tanglewood on the radio!
  • Weekly real estate transactions for Berkshire County, Northern Litchfield County and, now, Columbia County
  • Market Perspective – Updated this week: The 2021 year-end real estate report from the Berkshire Board of REALTORS. What does it tell us?
  • The Self-Taught Gardener – How does Joan Didion’s approach to life and to her art inform our Self-Taught Gardener on how to garden?
  • Gardener’s Checklist – The holidays are over and the winter doldrums have set in. What’s a gardener to do to lift his spirits in these dark days?

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