ATTENTION POSTMASTER: Time Sensitive Materials
ABOUTOWNE
Realty Corp., Brokerage 1235 North Service Road W. Suite 100, Oakville, ON L6M 2W2
TEAM
Each Office Independently Owned and Operated.
416.520.4785
DECEMBER 2020
MORRISON REAL ESTATE MARKET REPORT
Nancy@NancyShea.ca
www.NancyShea.ca
Canadian housing market expected to remain active for the remainder of 2020 due to pent-up demand and low inventory levels. Typically, the real estate market tends to slow down in the fall. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide. WHY IS HOME BUYING SO ACTIVE NOW?
HOW THE PANDEMIC SHAPED THE MARKET
Experts can’t point to just one reason why home buying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?
Experts agree, that Covid-19 has changed what people are looking for in a home—but to what extent is up for debate.
Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors. Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the home buying hesitancy has subsided. Low rates are just adding extra impetus to an already motivated buying segment.
The pandemic has prompted many Canadians to reassess their living situations. According to a survey conducted by Leger on behalf of RE/MAX Canada, 32 per cent of Canadians no longer want to live in large urban centres and instead would opt for rural or suburban communities. This trend is stronger among Canadians under the age of 55. Not only are Canadians more motivated to leave cities, but changes in work and life dynamics have also shifted their needs and wants for their homes. According to the survey, 44 per cent of Canadians would like a home with more space for personal amenities, such as a pool, balcony, home office or a large yard.
PREPARED ESPECIALLY FOR
JONATHAN AND ANGELA-MARIE WILLIAMS
Jonathan and Angela-Marie,
If you would like to know more about how your home value has been affected by the recent changes in our market, contact me today.
CALL ME TODAY 416-520-4785.
PRESENTED BY
The Nancy Shea Team, Your Morrison Specialists
TEAM
www.NancyShea.ca
WHY CHOOSE NANCY SHEA? TEAM
416.520.4785 Nancy@NancyShea.ca
“Nancy managed to sell our home with minimal disturbance to our family. We were very pleased with her efforts and results on both sides of our sale and purchase transactions.”
MORRISON
Local Knowledge: Process Knowledge:
www.NancySeah.ca
Responsiveness:
MARKET ACTIVITY DECEMBER • 2020
Negotiation Skills:
THERE ARE 31 HOMES CURRENTLY ACTIVE IN MORRISON Bedrooms Range 2-7
Washrooms Range 2.0-7.1
Est. Sq. Ft. Range* 1,100-14,400
List Price Range $2,150,000-$18,600,000
MORRISON HOMES SOLD SINCE OCT. 1ST, 2020
Dear Jonathan and Angela-Marie, The holidays are all about family, friends, and a cozy home in which to enjoy them all. We at RE/MAX Aboutowne wish you all of the above for the 2020 holiday season. It is our pleasure to help homeowners with all their real estate needs, and we are grateful for all the continued support in this unprecedented time. Happy Holidays!
Age
Style
Bedrooms
Washrooms
Building. Est. Sq. Ft.*
Sold Price
Sold Date
Days on Market
31-50 Years
Bungalow
4
3.1
2,000
$2,500,000
11/16/20
99
51-99 Years
2 Storey
5
4.1
4,400
$3,800,000
11/12/20
41
51-99 Years
Sidesplit
5
2.2
2,700
$2,060,000
11/02/20
5
0-5 Years
2 Storey
3
3.1
2,300
$2,975,000
11/02/20
99
6-15 Years
2 Storey
5
4.3
4,200
$4,034,000
11/02/20
63
51-99 Years
Sidesplit
2
2.0
1,700
$1,850,000
10/30/20
31
51-99 Years
2 Storey
4
3.1
3,800
$2,950,000
10/30/20
85
0-5 Years
2 Storey
5
6.1
7,800
$5,850,000
10/30/20
18
6-15 Years
2 Storey
6
6.3
5,300
$5,100,000
10/29/20
57
6-15 Years
2 Storey
4
4.1
N/A
$2,145,000
10/28/20
106
51-99 Years
1.5 Storey
4
3.1
2,600
$2,360,000
10/28/20
35
16-30 Years
2 Storey
4
3.1
3,600
$2,455,000
10/23/20
86
0-5 Years
2 Storey
5
4.3
5,100
$5,275,000
10/22/20
71
6-15 Years
2 Storey
5
4.1
5,300
$2,550,000
10/20/20
11
51-99 Years
Bungalow
4
3.0
1,600
$2,040,000
10/19/20
20
6-15 Years
2 Storey
6
6.2
4,400
$3,458,888
10/16/20
35
0-5 Years
2 Storey
5
4.1
3,800
$2,891,449
10/15/20
10
6-15 Years
2 Storey
6
6.1
4,400
$5,260,000
10/07/20
62
New
2 Storey
5
4.1
3,100
$2,900,000
10/01/20
68
Nancy Shea and RE/MAX Aboutowne Realty are not in any way affiliated with Morrison Owners Association, nor is this in any way an official advertisement or publication of Morrison. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the Oakville Real Estate Boards MLS between October 1st, 2020 and November 18th, 2020. Listings and sales may not be those of RE/MAX Aboutowne Realty. The Oakville Real Estate Boards MLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. Due to OMDREB regulations, full disclosure of all listing and sold data is only available upon request. *Square footage rounded down to nearest hundred.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 604.841.1739 | ©2020