'Wild card' props up Canadian housing markets over past decade

Mississauga, ON (February 8th, 2011) - Tighter inventory levels helped to make the last decade one of the healthiest periods on record for Canadian real estate, insulating markets in major centres from the peaks and valleys characteristic of past decades, according to a report released by RE/MAX.

The RE/MAX Housing Barometer Report measured monthly sales-to-new listings ratios in 18 major centres across the country from January 2000 to December 2010. The report found strong seller's/balanced conditions prevailed for much of the time frame, prompting significant gains in housing values.

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How does Wasaga Beach compare to other "hot" destinations?

2006 REMAX Recreational Report

Wasaga Beach is one of Canada's fastest growing municipalities. Home to the longest fresh water beach in the World, Wasaga Beach will always feature prime properties, on and off the waterfront. Download this extensive and very interesting report and find out how Wasaga Beach's real estate market compares to other major Canadian vacation destinations.

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2006 REMAX Recreational Property Report

PDF Document. Adobe Acrobat Reader is required to read the report. The latest free version Adobe Acrobat Reader can be downloaded at the Adobe website.

Wasaga Market Storey

*Statistics provided by Georgian Triangle Real Estate Board resale's only: Current: Ending Jan./10

Wasaga Market....Ending Jan./10

Year to date unit sales v/v 2009 + 11.1%

Average selling prices v/v 2009 +0,5%

Our Market continues to recover from the lows of 2008 and 2009.

Good News!!! Georgian Triangle 3rd Quarter unit Sales 2009 show a 22% increase over 3rd Quarter 2008. Sales $ revenue rose sharply up over 28% v/v 2008 with higher end sales being reflected.

For the first half of 2009 Remax now enjoys a 32.2% Market share with all others sharing the market balance.

Wasaga Beach:	2008/2007
Unit Sales	-27.7 %
Unit Listings	+1.7 %
Sales to Listings Ratio	-28.3%
Average Selling Price	+ 1.5 %

Total Board Area:	2008/2007
Unit Sales	-21.4 %
Unit Listings	+10.2 %
Sales to Listings Ratio	n/a
Average Selling Price	-3.3 %

Year Ending 2007 versus 2006 in The Wasaga Beach Market:

Unit Sales +20.5%

Unit Listings -4.2%

Average Selling price +8.4%

We have enjoyed another strong year in the Market place in Wasaga Beach one of the fastest growing communities in Canada.

MARKET HISTORY

Wasaga Beach:	2005/2004	2004/2003	2003/2002	2002/2001	2001/2000
Unit Sales	- 4.8 %	+ 4.8 %	- 6.1 %	+ 38.1 %	- 10.0 %
Unit Listings	+ 12.0 %	+ 13.4 %	- 0.8 %	+ 10.3 %	+ 3.0 %
Average Selling Price	+ 5.2 %	+ 15.4 %	+ 9.5 %	+ 4.6 %	+ 10.0 %

*Year Ending 2005 to year Ending 2000

WASAGA BEACH:

Average Sale Price Year 2000	$ 126,965
Average Sale Price Year 2005	$ 214,001
Change	+ 68.5 %

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