Inflation and real estate aren’t two things we often see mentioned in the same sentence. Our notice of the effects of inflation is usually limited to everyday purchases – food, clothing, gas or other household items. After all, it makes sense you’d take note when your weekend grocery run ends up costing you significantly more over time, since it’s something we all do so frequently....
On Behalf of Dallmitch Holdings, Chestnut Park West is Pleased to Present Newry Station! Today, I’d like to feature a new residential development project that I’m very excited to be a part of! Located along Highway 23 in the peaceful town of Atwood; only ten minutes south of Listowel, 35 minutes north of Stratford, and just under 45 minutes west of Waterloo is a collection of fully serviced...
Today, I’ll be picking up where I left off with the next part in a continuing series of community profiles – highlighting some of the smaller towns and cities which surround the major real estate markets of Southwestern Ontario. Since kicking things off a few weeks ago, we’ve visited three destinations, each of which is less than 40 minutes’ driving time of Kitchener-Waterloo: Paris to the...
For this week’s final post, we’re moving a little farther away from Waterloo Region and our previous community profile on New Hamburg. Perth County is our immediate neighbour to the west and composes one of Chestnut Park West’s five territories of operation. Situated in the southern portion of Perth, you’ll find the county seat of Stratford, Ontario – a city of approximately 34,000...
Earlier this week, we got underway with the first of what will be an ongoing series of short community profiles about some of the smaller real estate markets which surround the Kitchener-Waterloo area. As prices have increased in larger urban areas over the past several years, we’ve seen an influx of buyers turning to these communities as more budget-friendly (and peaceful) solutions to their need...
A few weeks ago, I posted a short article which outlined the dynamics which are causing smaller-market towns all over Southwestern Ontario to experience a surge in buyer interest and new home construction. As a quick recap, there are two primary forces at play here: 1) Ever-increasing average prices in markets immediately surrounding the GTA over the past several years have caused prospective buyers...
Here in Ontario, ‘Cottage Country’ is often synonymous with Muskoka. It’s easy to see why this is the case – Southern Ontario, after all, is powered largely by the economics and demographics of the GTA. For city dwellers in search of an accessible playground for their summer holidays, the resort towns of Gravenhurst and Bracebridge with their historic downtowns, quaint restaurants and boutiques,...
Several years back, I published an article on my blog titled “The Expanding Small(er) Markets of Southwestern Ontario”, in which I did my best to counter a prevailing narrative at the time that small towns in Ontario were slowly dying out. While it’s true that population growth in ‘census metropolitan areas’ (as Statistics Canada refers to larger urban areas) has generally outpaced growth...
Over the past few years, particularly in unusually hot markets such as our own here in Southwestern Ontario, buyers and sellers alike have become accustomed to multiple offer scenarios. While the concept of multiple offers is simple enough on its face, there are myriad of underlying factors and dynamics that can make it a potential minefield for both buyers looking for the best possible deal, and for...
