Newmarket Real Estate Trending...

With the volatile world right now, some wonder how the real estate market is holding up and locally, in Newmarket and Aurora, those concerns are no different. Real estate has even been part of some of the fodder for incumbents on Aurora council which recently passed a motion towards the possible creation of new biting by-law to combat absentee property owners. Watch for that developing down the line!

Ont's official plan calls for more housing around transit stops

Here's some current trends that will either put you at ease or cause alarm bells for you depending on your outlook or expectations.

In the past month, well 28 days, there have been 222 houses added to new listings in Newmarket while 89 homes sold in that same time-span with an average of 33 days on the market before selling!

BUT you ask, did they get their selling price? Well, 97% was the selling to listing price ratio in the past 28 days!

There do seem to be a couple odd trends emerging from some of the stats such as:

• A 2 bedroom detached homes sold for an average of $575 k 6 months back whereas a 4 bedroom home decreased from 955K to 874K a drop of 15% 
• A 5 bedroom house sold for $1 million 3 months ago and now in July, Aug it's $1.4 million - a whopping 34% jump!

Overall, listed detached house list price's are down 10% from 6 mos ago across Newmarket while in Aurora the average house sold for $918K up 7.8% in the last month.

So? Now you know! What are you waiting for? Get listing, renting, selling or buying!

TP Out.

For Sale - Historical Main St Canada

Main St's Face a Make-Over

More and more Main St's are seeing a demise of the typical olders models - often ending up as a boon for real estate brokers. Take Newmarket, Ontario's Main St for example, with the whiff of condo development lurking in the air, the time may be getting close to seriously consider having a closer look at the area in general.The current controversial development plan that has been apparently "approved in principle" by Newmarket Council has seen local opposition including from the local BIA and has resulted in the resignation of Main St area Town Councilor Joe Sponga from the BIA's board over the contentious issue.

Nearby Fairy Lake could offer overlooking condos

The local historical society has also come out against the new plan which exceeds the 4 story original by-law max allowed, with a plan that grows 7 stories high as a backdrop to the existing historical town clock, but keeps it in place. The same property, which recently served as a seniors residence, as well as hosting 3 businesses before having them removed in anticipation of an approved plan, has sat empty for several years now, an eyesore reminder that a solution needs be found and a compromise made. That is where they find each other now but I believe they are that stage where a decision on a plan becomes imminent, and, to that end, may soon be an area for real estate hunters to start scouting.


With more and more government funding arriving " conditionally", tied to their "sustainable communities" plans, you can expect these types of scenarios to repeat themselves over and over again across the country. As town's adjust to new plans and development for the changing faces of Main St, and as older properties are preserved, often as shell-fronts to backdrop buildings, expect the trend to continue.

Boarded up units attached to town clock

In Hamilton Ontario, local government has gone as far as to say all new construction on properties that currently house heritage type buildings must use a plan the keeps them as part of all new development - so it's law! This ensures that any new construction preserves history as part of the new plan which serves to appease both sides - those who demand preservation and those who demand growth. Expect this trend to catch on in cities and towns across Ontario and Canada.

Hamilton struggles to maintain old and new

New plan keeps church front intact while builds the backdrop as a functional building.

                   Reporting to you on trends in real estate this is TP signing off! Happy trails!

Hamilton, Ontario development