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Wasaga Beach 2009 Real Estate Sales Figures; December Update

2009 real estate figures for Wasaga Beach better than 2008

What a difference a year makes. The end of 2008 and the first few months of 2009 were full of doom and gloom for real estate sales. In contrast December saw an increase in both the number of sales and the average price for 2009 over 2008. Taking into account the very low figures for the first few months the market has bounced back in Wasaga Beach with a vengeance.

Interestingly though a recent report by CIBC on Canadian Mortgage Debt does not for see a “bubble.” Rather given ” that the current overvaluation is occurring in a context of historically low interest rates, what we are most likely witnessing is a temporary period of exuberance that is “borrowing” activity from the future, as households take advantage of lower rates and accelerate their borrowing and home purchasing activities.”

Given that the continuing sales in Toronto in 2009 were in line with the healthy levels of sales experienced between 2004 and 2006, Wasaga Beach and the Georgian Triangle in general can expect sales of real estate to remain buoyant in 2010.

Average Sale Price December 2008 – December 2009 $255,557

Average Sale Price December 2007 – December 2008  $252,332

This entry was posted on Thursday, January 14th, 2010 at 3:48 pm and is filed under Market Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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