For Sale: Exclusive/ Off-Market Purpose Built Duplex in Midland

For Sale: Exclusive/ Off-Market Purpose Built Duplex in Midland

Off-market, purpose built duplex built in the early 1990’s in Midland. Great location, walking distance to the bay and right beside Bayview Park. This property is NOT listed on the MLS. This multi-family, duplex, is off-market exclusive to jeffgilbert.ca. Inside there are two, 2 x bedroom apartments. Two electrical meters. Two driveways. This property is fully rented with great tenants. Property is heated with electric baseboard heaters, there is no natural gas on-site. Check out the floor plans below to appreciate the layout of this purpose built duplex.
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For Sale: 33 Camelot Square – Barrie

For Sale: 33 Camelot Square – Barrie

Wow, opportunities in this exclusive estate subdivision, "Simcoe Shores" do not come up very often. Live by the lake in this grand two story home in south east Barrie. Backing onto an environmentally protected pond, you will love the views from the back windows and appreciate unwinding on the back deck. Walking trails and Wilkins Beach right here. This is a really big home. 4 good sized bedrooms upstairs, 2 of which have their own private ensuites, the other 2 share a Jack and Jill washroom. Really nice set up. Well equipped kitchen, with granite counters, dual wall ovens, Viking gas range top, island and a walkout to the backyard deck. Working from home is easy in the huge main floor office. The lower level has two walk-outs that emit…
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Housing Market Outlook – 2023 – Barrie, Simcoe County & GTA

Housing Market Outlook – 2023 – Barrie, Simcoe County & GTA

Housing market update for the first quarter of 2023 for, Barrie, Simcoe County & the greater Toronto area (GTA). The main theme of this update is riding on a rollercoaster, because as you're going to see, we've got lots of going up and we've got lots of going down. I am going to bring them all together and give you perspective of where things are at and where they may be headed. Here are some of the things we are going to talk about: Home sales down Inventory down Prices down GDP down Mortgage rates up Cost of living up Population up View all the corresponding graphs and charts. Home Sales – The first quarter of 2023 home sales across the Greater Toronto area are considerably down. This compared to…
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Case Study – Buy Now or Wait & Hope Housing Prices Drop in 2022

Case Study – Buy Now or Wait & Hope Housing Prices Drop in 2022

What is the real estate market going to do in 2022? Will housing prices drop and if so what would it look like if you were to wait it out and buy later in the year or buy now with potentially a lower interest rate? With fixed rate interest rates on the rise across Canada as of late and just this past week a 50 basis point increase to the overnight rate set by the Bank of Canada, it is highly probable that mortgage payments are going to look much different in the coming months. Based on my experience this should have a profound impact on real estate prices. Many will be wrestling with the decision to wait and hope for prices to drop or to buy now and possibly…
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March 2022: Housing Market Predictions

March 2022: Housing Market Predictions

Is the real estate market starting to change? Based on different forums and social channels that I follow, many in the real estate industry are starting to voice a change/ shift in the marketplace. Let’s take a closer look at the data to try and make some housing market predictions by looking at the current state of the real estate market here in Barrie. Some of the metrics we are going to look at: New Listings Number of SalesSales to New Listings RatioMonths of InventoryCancelled ListingsNumber of ShowingsInterest RatesMedian Sales Price New Listings: The number of new listings coming onto the market seems to be on trend. Not abnormally low or high but slightly above the 5 year average for March. Source: BDAR & JeffGilbert.ca Here is the data: March…
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Could We See Changes In Down Payment For Investment Properties?

Could We See Changes In Down Payment For Investment Properties?

It is being widely speculated what actions regulators and policy makers may take to cool the housing market of which one of the big talking points seems to be surrounding around changing the required down payment for investment properties and possibly recreational properties as well. Price growth continues to surge in real estate markets across Ontario and frankly all of Canada. Active listing inventory is at historic lows and demand seems to be at historic highs. This combination has resulted in accelerated price growth across the greater Toronto area and most provinces as well. It can be said there is just not enough new listings, and we are not building enough new homes. I would agree that is part of the problem, however looking at market data for my local…
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Top 4 Headlines – 2022 Real Estate

Top 4 Headlines – 2022 Real Estate

The 2022 real estate market is off to a fast start. In this blog post I am going to show you my top 4 headlines after reviewing the numbers from January 2022 for the Barrie, ON real estate market. 1. The SALES/NEW LISTINGS Ratio for January 2022 real estate was well above the 10-year average for January at 71.5%. 10-year average for sales/new listings ratio in January is 56%. The higher this number is, the more likely we are to see continued price increases in the months to come. What is interesting is that we are closely following the same trend as we saw in 2021 with similar figures in December and January. If the trend continues we should see this number drop in February as we normally see an…
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Bidding War Tips – How to Win & Not Overpay

Bidding War Tips – How to Win & Not Overpay

Bidding war seems to be the norm these days when looking to buy a home in Ontario. It can be extremely frustrating as a buyer looking to purchase a property in the current real estate market as you are essentially submitting an offer along with multiple other interested buyers and crossing your fingers and hoping for the best. The best being, that the Sellers choose to work and accept your offer. In this blog post I am going to give you the following information and tips to assist you in the bidding war process: How to make your offer so you have the best chance of getting it accepted in bidding war How to ensure you do not overpay and pay more then what the property is worth Let’s start…
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Ontario House Prices – Will They Keep Rising?

Ontario House Prices – Will They Keep Rising?

The real estate market continues to surge in Ontario. Ontario house prices continue to rise month over month. So what's next for real estate prices as we head towards 2022? Your guess would be as good as mine, but let's look at some real data and see if we can pick out any trends. Annual Change in Real Estate Prices - jeffgilbert.ca One of the largest contributing factors as to why sales prices have increased the way they have is the lack of available inventory/supply. In other words, there are not enough properties listed for sale to keep up with the demand. My favorite statistic to analyze this is known as months of inventory. Months of inventory takes an average rate of sales for an area and when you divide…
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How Long Will It Take To Rent My House/Condo/Apartment?

How Long Will It Take To Rent My House/Condo/Apartment?

A question I receive all the time is, “How long on average will it take to rent my house/condo or apartment?” The best answer I can give is, it depends, but I promise to break it down and give you my best estimate at the bottom so keep on reading for the best answer to this often-asked question. It depends on a few different factors: Type of propertyLocationAsking rentProperty attributesTime of yearMarket conditions And in some cases, even more. Let’s break down a few of them in some more detail. Type of Property – In most larger centres, such as the area’s we cover, Barrie or Orillia, even Midland and Wasaga Beach to an extent, it is in most cases, quicker to rent a 1-bedroom apartment than it would be…
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