Why Is Housing Market Inventory/Supply So Low In 2021? Not Enough New Listings or What?

If you are following the housing market in central Ontario or really, anywhere in Canada in 2021, you may often hear people citing "Inventory is so low" and they would not be wrong. What does that mean anyways? Basically, there is not enough "Active Listings" available in the housing market and because of the lack of supply/inventory prices have been increasing at a very rapid pace. Supply and demand. So what is the root cause of this lack of supply you might ask? Is it because of Covid-19 and the fact the on going health crisis is deterring people from listing their properties for sale? Could be.... To figure this out, I went and looked at the data for the local housing market that I cover on a day to…

For Sale: #23, 75 Prince William Way, Barrie

For Sale: 32 Lowry Crt

This 4 bedroom home located in South West Barrie will be coming soon to the BDAR and TRREB MLS Systems.

FOR SALE: 37 Loftus Rd

Sorry this one sold already.

Ontario Real Estate Case Study – Looking Back to Predict/ Forecast What Will Happen in 2020

Ontario real estate is on fire. Prices are rapidly appreciating, creating similar market conditions to what was experienced by south Ontarian's in 2017. In this video I am going to show an example of someone who bought a property at the height of the real estate market in 2017. We are going to see where would they be at today in terms of property value and equity. The numbers and examples that I will be using will be for real estate located in Barrie, ON, as that is where I am located, but, this would be somewhat similar for real estate markets across southern, central Ontario. Ok, let's get right into it. I am going to show two examples and they both will be fictitious for privacy reasons. Example 1…

Ontario Landlords – Can We Now Enforce an Eviction in Ontario?

The End of the Eviction Restriction in Ontario, August 1st, 2020. On July 6, the Superior Court of Justice order that had suspended all residential evictions was amended. It now states that the suspension will end at the end of July, 2020, in which the state of emergency is terminated. What that means for Ontario landlords is this: The sheriff will be back in business enforcing all of those eviction orders that landlords have not been able to act on for months. The Landlord and Tenant Board has also announced that they will gradually be expanding services starting August 1st, 2020. All those pending eviction orders will start to be issued! Finally!Eviction orders which are based on landlords and tenants settling their dispute through an agreement will be issuedUrgent Eviction…

How To Find & Pick Quality Prospective Tenants For Your Rental Property [Step x Step Guide]

In this video I discuss the 7 step process we use to rent out, find and pick the best quality tenants. This step by step guide is great for beginners and experienced landlords looking to rent out your rental property. I show you tips for taking quality pictures and video, how to write your ad copy to maximize your rental advertisement. How to set up and coordinate rental property showings. What to do after you have shown prospective renters/tenants the apartment/house. Tips for how to properly screen tenants, do not skip that step! Then the process we use to approve the best tenants, including step by step right to handing the tenants the keys. This is the complete guide to renting your investment property. Watch the video or read the…

City of Barrie, Ontario Real Estate Housing Trends by Neighbourhoods – June 2020

Bet You Cannot Pick The Most Popular Neighbourhood in Barrie.... In this video we are going to look at the city of Barrie real estate housing market and break down the city into neighbourhoods to see if we can distinguish any current housing trends. The Barrie housing market is experiencing an interesting time having come out from isolation (March, April 2020) due to the effects of Covid-19. Currently, as of June 2020, Barrie housing inventory/ supply is low and the demand is very high. This is causing sales prices to appreciate very rapidly. This video covers four statistical metrics to see which Barrie neighbourhoods are hot, which are normal and which, if any, are not as popular. Barrie neighbourhoods include: East EndNorth EastCity CentreSunnidaleWestLakeshoreArdaghAllandalePainswickInnishoreHollySouth I bet that you cannot guess…

5 Reasons Why I Would Not Buy A House In The Barrie Area Right Now, Unless….

Should you buy a house right now? It's May, we are still amongst a health pandemic that has sent our economy into a state of shock. I mean, there is no other way to describe it - shock. I keep asking myself, how many people is this going to affect? Unemployment figures for the month of April were just released from Stats Canada and they are staggering. 13% unemployment. Check out the chart I created below showing the different industries’ unemployment figures. The question now becomes, how many of those currently unemployed will get hired back once the economy picks up? Nobody knows because this has dramatically changed how we live. This lockdown has been long enough to form habits. I remember reading "The One Thing" by Gary Keller. That…

For Sale: Registered Duplex – 27 Daphne Cres

27 Daphne Cres is a registered duplex in the north end of Barrie. Amazing location! Sandwiched right between Bayfield St and North Barrie Crossing (the new shopping centre off Cundles Rd E). Easy access to so many amenities, be it for your renters or for yourself. This is a premium lot. The best way to exemplify this, is if you were looking at a site plan of all the lots in this subdivision, this would be sought after due to the size of the backyard. The huge backyard has access to Ferris Lane, where there is a public transit stop. The house has two apartments. Upper Apartment – 4 Beds, 1.5 Baths Lower Apartment – 1 Bed, 1 Bath The upstairs 4 bedroom, 1 full washroom and 1 half washroom…