What’s Driving Our Market – On The Bay Magazine
On The Bay Magazine Spring 2018 Issue
On The Bay Magazine’s annual round up of real estate and development in the Southern Georgian Bay region interviewed Sherry Rioux for the article
What’s Driving our Market?
10 trends to help buyers and sellers find the sweet spot
Sherry Rioux of Clairwood Real Estate Brokerage notes, “There is a general perception that home prices in Collingwood and The Blue Mountains are high, so buyers are venturing a little further west or east. Recently, I attended a meeting of local planners in the region, and one thing they predict is that Meaford, with much better deals on waterfront property for example, is ready for the next big boom. Whether or not this will happen, who knows?”
Frustrated by low inventory and high prices in our region, many buyers are adjusting their location expectations, spreading the net farther afield of their preferred community to places like Owen Sound, Midland/Penetanguishene and Oro-Medonte.
“We have two buyer demographics here: young families who value their leisure time and want their kids to snowboard and hike, and active early retirees who enjoy theatre, culture and the arts,” notes Rioux. “One of the biggest market drivers here continues to be baby boomers who are now reaching an age when they are starting to think about retirement, valuing their leisure time and being close to their children and grandchildren, who don’t mind travelling to visit because there is so much for them to do here.”