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How Collingwood House Prices Are Affected In A Real Estate Market Correction

Posted by Sherry Rioux on June 29, 2015

While we are currently experiencing booming real estate market conditions here in the Collingwood and Blue Mountain areas, there continue to be those who say, “it won’t last forever” and a market correction will come. They are correct. But what exactly does a market correction bring? Our last one was in 2008/2009 but the effects were minimal. Here is a chart that shows what has happened to median local prices in South Georgian Bay since 2001.

CREA Median PricesThe moral of the story? Don’t let false fears stand in your way of home ownership.

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