Slow and steady . . . that’s how local real estate agents are describing the property market in Southern Georgian Bay as it gradually continues to become balanced, driven by a demand for a 4-seasonal recreational lifestyles, along with the number of retirees, empty nesters and young families wanting to own their own piece of paradise.
While the market in Toronto is improving at a rapid rate, the local market is experiencing a steadier and slower growth. Why? Well, buying here is discretionary – people looking for second homes, and those wanting to retire in the Georgian Bay, do not have to buy. They can afford to take the wait-and-see attitude or hang on until the right home comes along at the right price.
However, local real estate agents are seeing a growing trend towards young families moving here, thanks to a fresh take on the “3 Ls”: Lifestyle, Lifestyle and Lifestyle.
Since a big part of the market is fuelled by discretionary buying, it can be said that the improved economic outlook is generally having a positive effect on the local property market. A lot of people want to buy up here; they don’t have to. Before they make a major decision like that, they consider other factors such as their RRSPs and stock holdings.
We are real estate agents who have been helping people buy and sell real estate in the Georgian Triangle for many years. If you’d like to know more, please feel free to get in touch with us any time.