Wednesday, February 6, 2008

Area Real Estate Sales Off to Great Start in 2008

Amidst all of the real estate turmoil south of the border and the recent dramatic swings in the stock market here in Canada, real estate sales throughout the Georgian Triangle have gotten off to a great start for 2008 helping to offset some of the apprehension that exists with buyers and sellers alike.
January sales totaled $28.6 million an increase of 2% over the same month last year. The total number of unit sales for the month were actually up 16% with 110 properties changing hands as compared to 95 sales in January 2007. The Town of the Blue Mountains and the Municipality of Meaford posted the largest gains with unit sales in January up 40% and 44% respectively. As these numbers indicate we are continuing to see a strong demand for area properties throughout the Georgian Triangle. With a robust economy and stable interest rates the outlook for the balance of 2008 looks good. Area sales are expected to increase albeit at a more moderate pace and we anticipate prices should remain stable with the Canadian Real Estate Association forecasting an average 3.8% increase for residential housing prices this year.

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Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4


Direct: 705-443-1037

Office: 705-445-5520 ext 230


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Rick relocated to Collingwood from Toronto in 1985 through a transfer with Goodyear Canada. In 1987 Rick was recruited by a major client of Goodyear’s, managing their Canadian business based in Barrie before moving to Chicago in 1992 as Vice President of Sales & Marketing. Upon returning to Canada in 1996, Rick ran an industrial products manufacturing company in Stratford, Ontario. In 1998 Rick returned to Collingwood with his two children. Rick is a licensed real estate Broker with Royal LePAGE Locations North in Collingwood and holds his MVA designation (Market Value Appraiser-Residential). He is an active volunteer in the community serving several years on the Board of Directors with the Collingwood Chamber of Commerce as Treasurer, 6 years on the Board of Directors for the Southern Georgian Bay Association of REALTORS® of which he is the Past President (2008) and currently serves on a committee with the Ontario Real Estate Association. Rick is a diverse executive manager with extensive experience in strategic planning, manufacturing, finance, human resources and quality assurance management.