Tag Archives: real estate market

Canadian Farmland Market 2014

Interested in seeing how farm property values are across Ontario in 2014? Look no further!

Canadian Farm Report 2014 REMAX

WINDSOR-ESSEX
– Prices in Windsor-Essex remained steady in 2014
– Area factory closure has motivated owners to shift from tomato crops to corn, beans and wheat productions.
– Stable demands and limited supply has meant properties do not last long on the market
– price per acre: $6,500 – $11,000

CHATHAM-KENT
– High demand for high quality land has caused prices to rise by as much as 100 per cent in some areas
– Properties of all qualities are selling fast, often between three and six months
– Demand and prices in the area are expected to remain strong
– price per acre: $7,000 – $22,000

HURON COUNTY
– Year-over-year price increases plateaued by mid-2014 amid weaker crop prices
– Many buyers are family-owned operations seeking to expand
– Hobby farms are becoming more difficult to finance
– price per acre: $13,500 – $15,000

LONDON-ST. THOMAS
– Market held strong through the winter and farms continue to sell within one month
– Foreign investors are looking to buy land with development potential
– Lenders have been less enthusiastic about financing hobby farms
– price per acre: $7,000 – $12,000

WOODSTOCK – STRATFORD
– Challenging weather conditions have led to increased days on market, but no significant change in land – prices
– Sales of dairy and feather farms drove price increases, while cash crop properties have leveled off
– Buyers are looking for proximity to highways, processing facilities and existing infrastructure
– price per acre: $14,000 – $20,000

KITCHENER – WATERLOO
– Prices in Kitchener-Waterloo are leveling off as demand drops
– Properties are staying on the market longer due to lack of demand
– Hobby farms lead the way in sales volumes
– price per acre: $14,000 – $18,000

BRUCE COUNTY
– High demand has tapered off as buyers and sellers differ on price
– Unpredictable weather and uncertain harvest is causing buyers to hesitate
– Potential buyers of hobby farms are finding it difficult to secure financing
– price per acre: $6,500 – $10,000

GREY COUNTY
– Average prices have increased by nearly 20 per cent
– Prices for certain types of land have more than doubled in three years
– Farmers migrating to Grey County to get a better price for comparable land quality are driving demand
– price per acre: $3,500 – $8,500

SOUTH SIMCOE
– Demand for agricultural land is strong as farms near the Greater Toronto Area sell to developers
– Many buyers are established farmers seeking to expand existing operations
– Demand and prices expected to increase for the foreseeable future
– price per acre: $10,000 – $25,000

QUINTE
– High quality land at an affordable price provides excellent value amid soft commodity prices
– Many buyers are established farmers seeking to add to existing holdings
– Market is expected to be stable over the next 24 to 36 months
– price per acre: $1,500 – $7,500

STORMONT, DUNDAS AND GLENGARRY COUNTIES
– Prices increased in 2014 due to a shortage of available land
– Highest prices in the area are closest to the Ontario-Quebec border
– Cash crop farmers are expected to continue to grow operations, further driving demand
– price per acre: $7,000 – $17,000

OTTAWA VALLEY
– Tile-drained land is selling briskly despite soft commodity prices
– Area properties provide excellent value with less expensive prices for comparable quality to other parts of Ontario
– Mennonites from southwestern Ontario are relocating to the region and establishing small communities
– price per acre: $8,000 – $10,000

Lori VanDinther, a long time resident of Burlington, has been successfully selling Real Estate in Burlington, Oakville, Carlisle, Kilbride, Waterdown and surrounding areas for over 20 years. If you’re looking to make an investment in real estate get in touch with her today info@loriv.com

For a full RE/MAX Farm 2014 report that includes other Canadian provinces click here.

Low Listing Inventory Continues

The REALTORS® Association of Hamilton-Burlington (RAHB) reported
949 property sales were processed through the RAHB Multiple Listing Service® (MLS®) system in February.
This represents a 0.7 per cent decrease in sales compared to February of last year.

“The long winter seems to be having an effect on the real estate market,” said RAHB CEO Ross Godsoe.
“Our listing inventory continues to be lower than average, and overall, for all property types, we are seeing
fewer listings and sales compared to last year.”

Low-listings-inventory-feb-2014

“Residential sales are up a bit from last year,” said RAHB CEO Ross Godsoe. “but when you look at the
bigger picture, sales are actually almost seven per cent below what is average for the month of February,
based on results from the last ten years. Likewise, listings are about 15 per cent lower than average.”

Seller’s Market Continues in Greater Hamilton-Burlington and Outlying Areas

According to a recent report by the REALTORS® Association of Hamilton-Burlington (RAHB) listings and sales through October were higher by 9.4 per cent, when compared to last year same time. That represent around 1207 properties sold through the RAHB Multiple Listing Service® (MLS®) system. “Listings and sales through October were better than last year for the same month and higher than the 10-year average for the month,” said RAHB CEO Ross Godsoe. “We continue to see lower inventory, which again translates into a seller’s market for the area in the month of October.”

Looking to buy or sell a home in Burlington, Ontario? Contact Lori VanDinther – one of Burlington’s most trusted Realtors.

Some additional facts:
– The average sale price of $397,403 was an increase of 3.9 per cent over the previous October.
– There were 1730 properties listed in October, an increase of five per cent over October of last year.
– End-of-month listing inventory is 6.3 per cent lower than last year.

Read more here: http://www.rahb.ca/press/2013/131106statsreleaseOct.pdf