Trends Archives

Following a slight slowdown during the fall, home prices took off again in January with the average price increasing 25% over a year earlier.

January Market Picks Up Speed

January 31, 2022 0

After slowing somewhat during the fall, resale home prices in Prince Edward County accelerated during the first month of 2022 with an increase of 25% year-on-year. On another front, 62% of all January homes sales […]

Chart shows that the average price for existing homes sold in October 2021 increased by 17% compared to a year earlier.

October Price Increases Slowed For Existing Homes

November 8, 2021 0

Existing Home Sales Following almost 2 years of staggering increases in house prices, the average price for existing homes sold in the County during October 2021 was $777,000 compared with $662,000 a year earlier. This […]

Chart shows that the average house price in Prince Edward County increased by 41% over the preceding 10 months.

Price Explosion: When Will It End?

April 8, 2021 0

County house prices continued their explosive increase during March 2021. If anyone thinks “explosive” is too strong a term, I don’t know what else to call it when the average house price increased 41% over […]

Chart shows that the average house price in Prince Edward County has increased 38% over the last year.

County Real Estate: Disconnected From Reality

March 16, 2021 2

My report on the County real estate market this month centres on one simple point: County real estate prices have become disconnected from reality. For the last several months I have warned that we were […]

Chart shows that the median selling price for existing homes in Prince Edward County was up 41% in January 2021 compared with a year earlier.

January 2021: What Will Happen When The Bubble Ends?

February 15, 2021 0

With an acute shortage of listings and continued demand from Toronto migrants, the County real estate market was firmly in bubble territory with a year-on-year median price increase of 41%. Supply The January supply of […]

Chart shows that December homes sales in Prince Edward County were almost double last year.

December 2020: Seller’s Market Continued, But Will It Last?

January 5, 2021 0

The strong seller’s market continued into December, but the impact of Boxing Day lock-down on sales for early 2021 remains to be seen. Demand Fueled by continuing demand from Toronto buyers, home sales continued at […]

Chart shows how existing homes sales in Prince Edward County plummeted during November 2020 as the second wave of Covid-19 hit Toronto.

Second Wave Stalls County Real Estate

December 9, 2020 0

Introduction Despite a general slowdown in County real estate in November brought on the Covid-19 second wave, dhe average price for homes continued to increase. Demand November home sales in the County fell almost 60% […]

Chart shows how listings of existing homes in Prince Edward County continued to fall dramatically during October 2020.

Many Want to Come, Few Want to Leave

November 5, 2020 0

in a continuation of the pattern seen in September, October demand for County properties continued to exceed the supply of listings. The reason is simple: a lot of people want to move from Toronto to […]

Chart shows that average house prices in Muskoka have been 20-33% higher than in Prince Edward County over the last 5 years.

Prices Compared in Rural Areas

October 26, 2020 0

Introduction Some buyers coming from areas like Toronto start out to buy in the County, while other “comparison shop” between different rural areas, looking at things like house values and amenities. So how do Prince […]

Graph shows that existing home sales in Prince Edward County for September 2020 were 225% higher than a year earlier.

County Real Estate Unsustainable

October 8, 2020 6

Extraordinary demand coupled with low listings are making County real estate unsustainable. With September sales at 225% of last year and inventory at 1/8th of normal levels, resale homes in the County are becoming harder […]