Esssa Archives

Press release from the president of the Barrie Association of Realtors.

Sales activity cools in June

Residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. came in well below last year’s record levels in June. Home sales numbered 461 units in June 2010, down 19 per cent from the record in the same month in last year. On a year-to-date basis, however, activity was still up 12 per cent compared to the first six months of 2009. New listings rose five per cent from a year earlier to 767 units in June. While still up, the Read the rest of this entry

The following article was written by the president of the Barrie Real Estate association. It is reprinted here in its entirety as it’s a concise and up to date look at a changing market.

Home sales down in May

Residential property sales recorded through the MLS® System of the Barrie District Association of REALTORS® Inc. were down from year-ago levels for the first time in a year in May 2010.
The average price for homes sold via the Association’s MLS® System in the first five months of the year was $278,708. This is up eight per cent from the year-to-date average price last May, and represents the highest average price for this period on record.
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All cheer….YEEAAAHHH, the recession is over, the wicked witch of the manufacturing layoffs is dead and we can all go on spending again….Or can we? In this post we examine some of the recent trends in the Barrie real estate market and try to identify what’s really happening, or more importantly what’s around the corner.

A quick revisit into recent history; In August 2008 the Barrie real estate market peaked after a reasonably healthy start to the year. The average price of homes in the area was approx $259,000. The storm clouds were hovering south of the border as USA sub prime lending spiralled out of control and eventually imploded, taking with it several large US investment banks. The world held its breath and in Barrie,
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By popular demand we will be hosting a lease to own evening  on Wednesday 28th April 2010. The owners of an ethical lease to own company will be coming to Barrie to talk to investors about the pros / cons of lease to own investing. Read the rest of this entry

Welcome to the Barrie Real Estate Blog

Ian Hocking Team - Barrie Real Estate

Ian Hocking Team - Barrie Real Estate

Welcome to our Barrie Real Estate Blog. If you would like information about listings then feel free to check out our main listing site at:

http://hockinghomes.com

See you soon!

The Hocking Homes Team

One of the reasons I work with Royal LePage and enjoy being a Barrie Realtor is the community giving sharing spirit. This video clip will give you some idea of what I mean, Enjoy. Ian Hocking

The following article originated from the Barrie Association of Realtors and gives a general overview wrap of Real estate in the Barrie/Simcoe area for 2009. If you have any questions please give us a call.

Annual sales activity in 2009 tops previous year Read the rest of this entry

SITUATED 10 MINUTES FROM THE TOWN OF NEW LOWELL YOU WILL FIND THIS ENCLAVE OF ESTATE LOTS AND CUSTOM BUILT HOMES. SET AMIDST MATURE TREES ON 1.8 AC GIVES THIS HOME A WONDERFUL COUNTRY FEELING.16 Fawn - Barrie Real Estate Read the rest of this entry

HST effects on Barrie Real Estate?

Whether we like it or not in Ontario HST is heading our way. The Canadian Real Estate Association has thrown a couple of curve balls at HST train, however, it’s not likely to be derailed and even if it’s watered down a little, it’s coming! So how is this likely to affect the consumer? Read the rest of this entry

Barrie Real Estate – Statistics Q4 2009

Hi all, buried in this blog you will find a link to the latest Q4 stats for the new home starts in the Barrie area. New home starts can be a good guide to the underlying health of an economy as builders typically will only build as orders are placed or on spec as they feel demand is likely to increase. However, you should also take in to account why housing starts may have fallen. It isn’t always the economy, it could be that there just isn’t any land available for the builders to build on. The Barrie area has seen a good recovery from last winters non existent real estate market. Certainly this was due in part to fiscal and monetary stimulus from government forces, however, I personally feel that a lack of new homes with continued inflow of buyers from Toronto and natural immigration caused a housing shortage. As you can see from these stats, the builders pulled back from building new homes, compounded by the fact that the supply of mid priced building lots dried up. So these numbers are encouraging as the immediate supply of building lots hasn’t really changed and the numbers are heading up. Coming in the next few years however, we may see a trend of increasing housing starts as Barrie has now annexed a good portion of Innisfil and hence has access to a lot more building land than it has done in previous years. On the flip side an increase in starts could dampen the move higher in resale prices as the supply side increases. Which ever way you look at it, any increase in housing starts is generally a positive for the region as a whole, just so long as the supply doesn’t become excessive beyond the amount that natural migration into the area can take up. If you would like to discuss this article or housing in the Simcoe area in general please don’t hesitate to call, regards, Ian Hocking, Sales representative @ Royal LePage First contact Realty.

Click on this link for the two page .pdf file supplied by courtesy of the Canadian Housing Mortgage Corporation (CMHC)

http://www.cmhc-schl.gc.ca/odpub/press/2010/2010_01_11_0815_EOB.pdf

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