Homeownership • 4 September 2024

Defending Your Data: Keeping Your Wi-Fi Secure

by Susan Moffat

As smart technology becomes more prevalent, so too does our use of Wi-Fi, increasing our vulnerability to cyberattacks. So how do you keep your Wi-Fi secure?

Use strong passwords (i.e., at least eight characters using upper and lowercase, numbers, and symbols, and don’t re-use passwords – use a password management software to keep track), change them regularly, and enable two-factor authentication where possible.
Use a VPN, which encrypts your connection.
Enable auto updates on your devices, and ensure your modem and router are updated, replacing them at least every 5 years.
Change default modem and router passwords so no unauthorized user within signal range can access your network.
Disable remote router access, which can leave the door open to hackers.
Change your network name. Avoid using the default provider name or a name with personal information, which provides vulnerability clues.
Enable a Wi-Fi guest network to segregate devices (e.g., put your computer devices on the main network and your smart devices on a guest network), limiting the scope of potential breaches.
Enable Wi-Fi Protected Access 3 (WPA3) if available on your device, for increased data protection.

A simple online search can guide you through making the above changes if you are unsure.

Cybercrime is only expected to skyrocket in the coming years, so doing everything you can to protect your personal information will help you not become a victim.

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Your Moving Dilemma: To Hire Movers or Handle It Yourself?

by Susan Moffat

Moving to a new home is an exciting yet challenging experience. One of the most significant decisions to make is whether to hire professional movers or to handle the move yourself. This post will explore the benefits and drawbacks of hiring movers, along with tips for a seamless moving experience.

Pros of Hiring Professional Movers

Convenience: Professional movers manage the heavy lifting, packing, and transportation, which can save you time and effort, especially if you have a busy schedule or limited physical ability.
Expertise: Movers are trained to handle various items, including fragile and bulky possessions, minimizing the risk of damage during transit.
Efficiency: With the right equipment and a team, professional movers can complete the job much faster than a DIY move.
Reduced Stress: Hiring professionals can alleviate much of the stress associated with moving, allowing you to focus on settling into your new home.

Cons of Hiring Professional Movers

Cost: Hiring movers can be expensive, with costs varying based on distance, volume of items, and additional services like packing.
Less Control: You may have less control over how your belongings are handled, which can be a concern for those with valuable or sentimental items.

Pros of Moving Yourself

Cost Savings: Moving yourself can be significantly cheaper, as you save on labor costs and can choose a more affordable rental truck.
Control: You have complete control over the packing and moving process, which is especially important for valuable items.
Flexibility: A DIY move allows you to pack and move at your own pace, providing greater flexibility in your schedule.

Cons of Moving Yourself

Physical Labor: Moving is physically demanding and can lead to injuries if not done carefully.
Time-Consuming: A DIY move often takes much longer than hiring professionals, which can be challenging if you’re on a tight schedule.
Risk of Damage: Without professional experience, there’s a higher risk of damaging belongings or property during the move.

Tips for Hiring Movers

Get Recommendations: Ask friends and family for referrals or read online reviews to find reputable moving companies.
Request Estimates: Create a detailed list of items to be moved to help companies provide accurate estimates. Be sure to inquire about any hidden fees.
Check Credentials: Ensure the moving company is a member of relevant associations, such as the Canadian Association of Movers, and check their standing with the Better Business Bureau.
Discuss Your Needs: Inform movers about any unique challenges at your current or new home, such as narrow doorways or stairs, which may affect the moving process.
Review the Contract: Carefully read the contract to understand the services provided and any potential liabilities.

Final Thoughts on Making the Right Move

Deciding whether to hire movers or move yourself is a personal choice that hinges on your specific circumstances, including budget, time constraints, and the complexity of your move. By weighing the pros and cons and following the tips provided, you can make an informed decision that ensures a smooth transition to your new home.

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Homeownership • Homeownership • Homeownership • 21 August 2024

Eco-Friendly Flooring: Sustainable Choices for Modern Homes

by Susan Moffat

Choosing new or replacement eco-friendly flooring is one of the emerging trends among house and condo owners. Eco-friendly flooring is made from, or with, more sustainable resources, such as materials that don’t deplete or permanently damage the environment (such as toxic laminates), or reusable or recyclable materials. Here are some examples:

Renewable and Sustainable

Bamboo, cork, hardwood, natural stone, linoleum, and wool carpet are just a few of the options out there. Before you buy natural flooring products, ask if the harvesting methods are verified through an accredited authority.

Repurposed and Reclaimed

Flooring made from old building structures (e.g., posts, beams, walls, and planks) is a viable alternative to grown and harvested resources. Likewise, recycled glass, plastic, and rubber provide ample raw materials for creative flooring effects. Using them also reduces landfill waste. These products can be found through decorative flooring dealers.

Final Thoughts: Investing in Eco-Friendly Flooring

When purchasing any flooring, be it natural or synthetic, it is important to know how the product is manufactured, and that it can easily be recycled when it is beyond its usefulness, as opposed to ending up in a landfill. Choosing eco-friendly flooring is not just a design choice; it’s a commitment to sustainability and a healthier future.

For those looking to enhance their home with eco-friendly flooring, check out www.greybrucetrades.ca to find local tradespeople who can assist with your projects.

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Buying • Buying • Buying • Buying • 14 August 2024

Mortgages 101: A Beginner’s Guide for Homebuyers

by Susan Moffat

As a REALTOR®, I often encounter clients who are new to the home-buying process and have many questions about mortgages. Understanding what a mortgage is and how it works is crucial for anyone looking to purchase a property. Here, I’ll break down the basics of mortgages to help you navigate this essential aspect of real estate.

What is a Mortgage?

A mortgage is a loan used to purchase or refinance a home or other real estate. Essentially, it is a financial agreement between a borrower and a lender, where the lender provides the funds needed to buy a property, and the borrower agrees to repay the loan over a specified period, typically with interest.

Key Components of a Mortgage

Principal and Interest

The principal is the amount of money you borrow, while the interest is the cost of borrowing that money. Over the life of the mortgage, you will make regular payments that cover both principal and interest. The interest rate can be either fixed or variable, affecting how much you pay over time.

Mortgage Term

The mortgage term is the length of time your mortgage contract is in effect. Terms can range from a few months to several years, with five years being a common term in Canada. At the end of the term, you will need to renew your mortgage if you haven’t paid off the balance.

Amortization Period

The amortization period is the total length of time it will take to pay off your mortgage in full. This period is often longer than the mortgage term and can span up to 25 or 30 years. The longer the amortization period, the lower your monthly payments, but the more you will pay in interest over the life of the mortgage.

Down Payment

A down payment is the initial amount you pay towards the purchase of your home. In Canada, the minimum down payment required varies based on the purchase price of the home. Generally, the higher the purchase price, the larger the percentage required for a down payment.

Types of Mortgages

Open vs. Closed Mortgages

An open mortgage allows you to pay off the loan at any time without penalties, offering flexibility if you plan to sell your home or pay off the mortgage early. However, open mortgages generally come with higher interest rates. Closed mortgages, on the other hand, have lower interest rates but restrict how much you can pay off during the term without incurring penalties.

Fixed vs. Variable Interest Rates

A fixed-rate mortgage has an interest rate that remains constant throughout the term, providing stability in your monthly payments. A variable-rate mortgage has an interest rate that can fluctuate based on market conditions, which can lead to lower initial rates but more uncertainty in payment amounts over time.

The Role of Mortgage Brokers

Mortgage brokers can be invaluable in helping you secure the best mortgage terms and rates. Unlike banks, which offer their own products, mortgage brokers have access to multiple lenders and can shop around to find the best deal for you. They are particularly useful for individuals with unique financial situations, such as freelancers or those with past credit issues.

If you’re interested in working with a mortgage broker, I’d be happy to refer you to some excellent professionals in our area. These trusted partners have a track record of providing outstanding service and securing great rates for my clients. Don’t hesitate to ask me for a referral – I’m here to help make your home-buying journey as smooth as possible!

Your Next Steps in the Home-Buying Journey

Understanding what a mortgage is and how it works is fundamental for any prospective homebuyer. From the principal and interest to the types of mortgages available, each component plays a crucial role in your home-buying journey. Whether you choose to work with a mortgage broker or go directly to a lender, being informed will help you make the best decisions for your financial future. If you have any questions or need further assistance, feel free to reach out to me, your trusted Grey Bruce REALTOR®.

Looking to buy, sell, or invest? As your REALTOR®, I’ll guide you every step of the way. Contact me today and let’s turn your real estate dreams into reality!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Market Updates • 9 August 2024

July 2024 Real Estate Market Update

by Susan Moffat

REALTORS® Association of Grey Bruce Owen Sound MLS® home sales continue to build momentum in July.

The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 262 units in July 2024. This was up by 9.2% from July 2023.

Home sales were 7.4% below the five-year average and 13.8% below the 10-year average for the month of July. On a year-to-date basis, home sales totaled 1,484 units over the first seven months of the year. This was a decrease of 4.9% from the same period in 2023.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $586,400 in July 2024, up modestly by 1.6% compared to July 2023.

The benchmark price for single-family homes was $596,000, a minor increase of 1.7% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $471,700, a slight reduction of 0.2% compared to a year earlier, while the benchmark apartment price was $377,200, edging down 0.5% from year-ago levels.

The average price of homes sold in July 2024 was $638,743, a moderate gain of 6.8% from July 2023.

The more comprehensive year-to-date average price was $645,807, increasing by 1.8% from the first seven months of 2023.

The dollar value of all home sales in July 2024 was $167.4 million, a gain of 16.6% from the same month in 2023.

The number of new listings was up by 22.5% from July 2023. There were 506 new residential listings in July 2024. This was the largest number of new listings added in the month of July in more than five years.

New listings were 14.4% above the five-year average and 11% above the 10-year average for the month of July.

Active residential listings numbered 1,567 units on the market at the end of July, an increase of 29.7% from the end of July 2023. Active listings haven’t been this high in the month of July in more than five years.

Active listings were 48.7% above the five-year average and 18.5% above the 10-year average for the month of July.

Months of inventory numbered 6 at the end of July 2024, up from the 5 months recorded at the end of July 2023 and above the long-run average of 4.7 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

(1) Sales / new listings * 100; compared to levels from previous periods. (2) Active listings at month end / monthly sales; compared to levels from previous periods. (3) Sale price / list price * 100; average for all homes sold in the current month.

Board & Association Information

The REALTORS® Association of Grey Bruce Owen Sound represents approximately 450 REALTORS® registered with its member offices. The geographical area served by the Association is in southwestern Ontario, bordered by Lake Huron and Georgian Bay including Bruce and Grey Counties, and part of Wellington County.

Wondering how these numbers might impact your real estate plans? Whether you’re buying, selling, or just curious about market trends, I’ve got you covered! Let’s navigate the market together! Contact me for a complimentary, no-obligation property valuation!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage

519.377.5154

susan.moffat@c21.ca

Selling • 7 August 2024

7 Primary Bedroom Staging Ideas

by Susan Moffat

As you most likely know, staging involves setting up the furniture, art and accessories of each room to help make your home look as appealing as possible to potential buyers. It’s similar to what furniture stores do when they create displays of model bedrooms, kitchens, etc. When you’re staging your home, the primary bedroom is particularly important. Here are some simple staging tips worth trying:

Mirrors

Using mirrors strategically in a primary bedroom can create an illusion of more space and enhance the room’s brightness. Position mirrors opposite windows to reflect natural light and make the room feel larger and more inviting. Additionally, consider placing a full-length mirror on a wall or a mirrored piece of furniture to add a touch of elegance and functionality.

Give Your Bed a Refresh

Updating the bedding is a simple yet impactful way to refresh the bedroom. Choose a new comforter or duvet cover in neutral or soothing colours to evoke a sense of calm. Layer the bed with decorative pillows and a throw to create a luxurious, hotel-like appearance. This not only makes the bed the focal point but also adds a touch of sophistication.

Light it Up

Proper lighting is crucial in staging a bedroom. Ensure that the room is well-lit by opening curtains and blinds to let in natural light. If natural light is limited, add lamps or install brighter light bulbs to illuminate the space. During viewings, make sure all lights are turned on to create a warm and welcoming atmosphere.

Declutter

A clutter-free bedroom is essential for creating a serene environment. Remove unnecessary items from the room, especially from the closet and under the bed. Organize the closet by style and colour, and use storage bins to keep items tidy. A well-organized and spacious closet can be a significant selling point for potential buyers.

Depersonalize

To help buyers envision themselves in the space, remove personal items such as family photos, personal collections, and memorabilia. This allows the room to feel more like a blank canvas, making it easier for buyers to imagine their own belongings in the space.

Practice the Art of Minimalism

Adopting a minimalist approach can make the bedroom appear more spacious and less cluttered. Limit the number of accessories on nightstands and dressers to two or three items that complement the room’s theme. Opt for simple, elegant pieces such as a vase, a book, or a candleholder to add a touch of style without overwhelming the space.

Paint

Neutral colours are highly recommended for staging a bedroom. Shades like beige, grey, and soft whites create a calming and serene environment. These colours also appeal to a broader range of buyers and allow them to visualize their own decor in the space. Avoid bold or bright colours, as they can be polarizing and may not appeal to everyone.

Transform Your Primary Bedroom for Success

Ideally, you want to make the primary bedroom look like a calm and welcoming retreat. For even more inspiration and creative staging ideas, be sure to check out Pinterest!

Looking to buy, sell, or invest? Contact me today for a complimentary property valuation!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Homeownership • Homeownership • Homeownership • Homeownership • 31 July 2024

DIY Outdoor Space Makeover Tips

by Susan Moffat

Transforming your outdoor space can be a rewarding project that enhances both the functionality and aesthetic appeal of your home. Whether you’re looking to create a serene garden retreat or an entertaining hub, here are some DIY tips to help you achieve a stunning outdoor makeover.

Plan Your Space

Before diving into any project, take the time to plan your space. Consider how you want to use the area and what features are most important to you. Do you need a place for storage, a cozy seating area, or a vibrant garden? Sketch out your ideas and create a layout that maximizes the potential of your outdoor space.

Create Functional Storage

A well-organized outdoor space starts with adequate storage. Build or buy a storage shed to keep gardening tools, lawn equipment, and other outdoor essentials neatly tucked away. This not only declutters your space but also makes it more efficient and enjoyable to use.

Add Comfortable Seating

Comfortable seating is essential for any outdoor area. Consider building or purchasing weather-resistant furniture that suits your style and needs. Arrange seating around focal points like fire pits or garden features to create inviting conversation areas. To give your patio furniture a fresh new look, change your cushion covers. Choose a colour theme and incorporate that with both solid colours and patterns. Ensure the fabric dries quickly and is easy to clean.

Install a Fire Pit

A fire pit can be a great addition to your outdoor space, providing warmth and a gathering spot for family and friends. DIY fire pits can be made using inexpensive materials like concrete blocks or landscaping stones. This project can transform your backyard into a cozy retreat perfect for evenings under the stars.

Illuminate Your Space

Lighting can dramatically enhance the ambiance of your outdoor area. Use solar-powered lights to highlight pathways, garden beds, and seating areas. This not only adds beauty but also improves safety and usability after dark. For a touch of whimsy, string lights on a porch, balcony, or pergola will do the trick. For a modern, sleek look there are smart LED light strips you can connect with a virtual assistant like Alexa. Layer light for dimension and to set the mood.

Revive Your Deck or Patio

If your deck or patio is looking worn, give it a facelift. Power-wash and scrub the surface to remove dirt and grime, then apply a fresh coat of stain or paint. This simple update can make a significant difference in the overall look and feel of your outdoor space.

Upgrade Walkways

Enhance your outdoor space by upgrading your walkways. Gravel, brick, or stone paths can add a touch of elegance and guide visitors through your garden. Consider adding built-in seating or conversation areas along the route to create a more interactive and enjoyable space.

Build Raised Planters

Raised planters are a fantastic way to add greenery to your outdoor area while keeping plants organized and accessible. They are easy to build and can be customized to fit any space. Use high-quality soil and fertilizer to ensure your plants thrive.

Personalize with Decorative Elements

Add personality to your outdoor space with decorative elements like garden art, water features, or custom-built structures. These touches can reflect your style and make your outdoor area feel like an extension of your home.

Maintain and Enjoy

Once your makeover is complete, regular maintenance is key to keeping your outdoor space looking its best. Set aside time for gardening, cleaning, and any necessary repairs. Most importantly, take the time to enjoy your new outdoor haven.

Your Outdoor Oasis Awaits

By following these DIY tips, you can create a beautiful and functional outdoor space that enhances your home and provides a perfect setting for relaxation and entertainment. Try browsing Pinterest for more inspiring backyard makeover ideas. Happy renovating!

Looking to buy, sell, or invest? Contact me today for a complimentary property valuation!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

24 July 2024

How to Quickly Improve Indoor Air Quality

by Susan Moffat

Unfortunately, air quality alerts are becoming a more common occurrence these days. Aside from that, there are many reasons why the air quality in your home may not be at its best. Maybe it’s a faulty furnace or an aged carpet to blame. Until you get those issues addressed, how can you quickly improve indoor air quality?

Here are some ideas:

Use an Air Purifier

Choose a device that uses a HEPA filter, the gold standard for indoor air purifiers. Also, look for one that has a CADR rating equal to at least two-thirds of the room’s area. You may also want to consider if the purifier’s energy costs and ongoing maintenance costs are within your budget.

Check the Furnace Filter

This is one of the most overlooked maintenance items in the home. Any furnace repair person can tell you stories about filters they’ve seen caked in dust. Make sure those aren’t yours. Air passes through those filters before circulating throughout your home. Replacing a filter takes less than five minutes.

Clean the Drains

Drains are a surprisingly common source of odour in the home. Most people only clean them when they’re clogged, but they should be flushed thoroughly with a good-quality cleaner at least once a season.

Turn on the Bathroom Fan

Not only do bathroom fans remove odour, but they also reduce moisture build-up. About 50% of air pollutants originate from some type of moisture; mould is the worst of these pollutants. Professionals recommend you keep your bathroom fan on for at least 30 minutes after a shower.

Clean your Doormat

Even if your doormat doesn’t smell, it can be a source of air pollutants. When people wipe their shoes, they transfer outside pollutants from their shoes to your mat.

Hope these tips have you breathing a little bit easier!

Looking to buy, sell, or invest? Contact me today for a complimentary property valuation!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Blog • 17 July 2024

The Reality of Living in Grey Bruce’s Most Popular Tourist Destinations

by Susan Moffat

Living in a Tourist Town: How to Know if It's Right for You

Are you considering making a move to a tourist town in Grey Bruce, Ontario? Popular destinations like Sauble Beach, Blue Mountains, or Tobermory offer unique living experiences that can be both exciting and challenging. These towns attract visitors year-round with their natural beauty, outdoor activities, and cultural attractions. Before you decide to call one of these tourist hotspots home, it’s essential to weigh the pros and cons to determine if it’s the right fit for you and your family. Here are some key factors to consider:

Embrace the Crowds

Tourist towns are bustling with visitors, especially during peak seasons. Ask yourself how you feel about living in a place that attracts a lot of people. If you enjoy a lively atmosphere and meeting new people, this might be a perfect fit. However, if you prefer peace and quiet, the constant influx of tourists might be overwhelming.

Economic Benefits

Living in a tourist town can offer economic advantages. Increased tourism can lead to more job opportunities and business growth. If you own a business or are considering starting one, a tourist town can provide a steady stream of customers. Additionally, property values in tourist areas often appreciate faster, which can be a good investment.

Higher Cost of Living

While there are economic benefits, it’s also important to consider the potential increase in the cost of living. Property taxes and housing prices can be higher in tourist towns due to the demand. Ensure that your budget can accommodate these potential increases before making a decision.

Community and Lifestyle

Tourist towns often have a strong sense of community and a variety of amenities and activities. From local festivals to outdoor adventures, there is always something to do. If you enjoy an active lifestyle and community involvement, you will likely thrive in a tourist town. However, it’s crucial to visit the town during different seasons to get a true sense of what living there year-round would be like.

Infrastructure and Services

Consider the infrastructure and services available in the town. Tourist towns typically have well-developed infrastructure to support the influx of visitors, which can be beneficial for residents. However, during peak tourist seasons, you might experience congestion and longer wait times for services. Assess whether the town’s infrastructure meets your needs and expectations.

Seasonal Fluctuations

Tourist towns can experience significant seasonal fluctuations. The town might be bustling in the summer and quieter in the winter. Think about how these fluctuations align with your lifestyle and preferences. Some people enjoy the seasonal changes, while others might find the off-season too quiet or the peak season too hectic.

Living in a Tourist Town: How to Know if It’s Right for You

Living in a tourist town in Grey Bruce can offer a vibrant and dynamic lifestyle with numerous benefits. However, it’s essential to consider how the crowds, cost of living, community, infrastructure, and seasonal fluctuations align with your personal preferences and lifestyle. By carefully evaluating these factors, you can make an informed decision about whether living in a tourist town is right for you.

Looking to buy, sell, or invest? Contact me today for a complimentary property valuation!

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage
519.377.5154
susan.moffat@c21.ca

Market Updates • 9 July 2024

June 2024 Real Estate Market Update

by Susan Moffat

REALTORS® Association of Grey Bruce Owen Sound MLS® home sales remain subdued in June.

The number of homes sold through the MLS® System of the REALTORS® Association of Grey Bruce Owen Sound totaled 242 units in June 2024. This was a substantial decline of 18% from June 2023.

Home sales were 22.6% below the five-year average and 27.2% below the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 1,221 units over the first six months of the year. This was a decline of 7.6% from the same period in 2023.

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $577,300 in June 2024, essentially unchanged, up just 0.9% compared to June 2023.

The benchmark price for single-family homes was $586,600, a small gain of 1% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $469,500, edging up 0.8% compared to a year earlier, while the benchmark apartment price was $367,700, a modest decline of 3.2% from year-ago levels.

The average price of homes sold in June 2024 was $646,378, down by 4.2% from June 2023.

The more comprehensive year-to-date average price was $647,394, a minor increase of 1% from the first six months of 2023.

The dollar value of all home sales in June 2024 was $156.4 million, a big reduction of 21.4% from the same month in 2023.

The number of new listings decreased by 6.4% from June 2023. There were 556 new residential listings in June 2024.

New listings were 0.1% above the five-year average and 0.7% above the 10-year average for the month of June.

Active residential listings numbered 1,595 units on the market at the end of June, an advance of 31% from the end of June 2023. Active listings haven’t been this high in the month of June in more than five years.

Active listings were 52.6% above the five-year average and 21.9% above the 10-year average for the month of June.

Months of inventory numbered 6.6 at the end of June 2024, up from the 4.1 months recorded at the end of June 2023 and above the long-run average of 4.1 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

Board & Association Information

For more information, contact:

Susan Moffat, REALTOR® with Century 21 In-Studio Realty Inc., Brokerage

519.377.5154

susan.moffat@c21.ca