Rick  Power

Rick Power

REALTOR®

Right at Home Realty Inc., Brokerage*

Mobile:
705-716-0105
Office:
705-797-4875
Email Me

Experience the POWER Of Fulfilling Your Waterfront Dreams!

2020 MARKET STATS. A YEAR THAT WILL GO DOWN IN HISTORY.

First Of All, I Hope You’re Reading This Healthy And Well. And That Covid Has Not Caused Loss Or Great Pain To You Or Anyone You Care About. It Was A Tough Year For All Of Us, But We’re Getting Through This.

The Exodus Out Of The GTA Since June Has Driven The Central Ontario Waterfronts Market Up In Record Numbers. I’m Still Waiting For All The Housing Market Stats To Come In, But I’m Showing A 13% Annual Increase Of Waterfront Properties In Central Ontario In 2020. I’ll Post More As Info Comes In, And I’ll Always Post Monthly Updates On This Blog. In 2019 I Showed A 7%. And The Average Historical Increase Is Usually No Higher Then 5%. This Data Has Been Accumulated Though The Toronto And Region Real Estate Board Of Whom I’m A Very Proud Member.

People Keep Asking Me If It’s A Bubble Ready To Burst. There Is No Indication That Will Occur. Sale Prices Of Waterfront Properties Did Not Increase At The Same Level As Regular Residential In Our Region. But I Hope To See A Levelling Off With Sale Prices In 2021 And Beyond. But I Don’t Have The Ability To Predict The Future.

 Inventory Is Low But There Are Some Absolutely Beautiful Properties Currently On The Market. And This Is By Far The Best Time Of Year To Shop. Covid Slowed The Market Almost To A Halt During The First Half Of Last year And Then The Flood Gates Opened And It Got incredibly Busy. It Was The Busiest Last Half Of The Year For Me In 24 Years In Real Estate. And As Busy As It Was I Helped So Many People Realize A New Life And Happiness Here In Central Ontario. Thank You All So Much For Allowing Me To Be A Part Of That.

Call With Your Real Estate Needs. Be Well, Be Happy And Stay Positive. We Get Closer To The End Of Covid With Each Passing Day.

Have Questions?

By submitting this form, you are providing express consent to receive commercial electronic messages from www.centralontariowaterfronts.com. You may unsubscribe at any time.