Rick Wiles Real Estate Collingwood Chestnut Park Real Estate Limited Broker
393 First Street, Suite 100 L9Y 1B3 Collingwood, ON, Canada

The January Market report

From flexible spaces to enriched surroundings and a reduced carbon footprintretrofitting and reuse offer both economic and environmental solutions for a world affected by COVID-19 https://www.chestnutpark.com/blog-article.cfm?id=23378

Consumer debt was up in the second quarter, with the increase driven by mortgages, not debt on other loans or credit cards. https://www.investmentexecutive.com//mortgages-drive-rise/

Six-month mortgage deferrals for borrowers struggling with the financial impact of the novel coronavirus pandemic will be over for many in the fall. How many of those deferrals will turn into defaults is one of the questions hanging over the future of Canadas economic recovery. https://globalnews.ca//coronavirus-mortgage-deferrals-end/

How house hunting will forever change due to the pandemic https://www.theglobeandmail.com//article-how-house-huntin/

The market is up 70 percent over last year

The stats are in for Southern Georgian Bays July Real Estate Market: https://www.chestnutpark.com/blog-article.cfm?id=23229

Please show respect for our area.

The stats are in for Southern Georgian Bay's July Real Estate Market: https://www.chestnutpark.com/blog-article.cfm?id=23229

CMHC eyeing new tools as mortgage deferral cliff looms for borrowers https://financialpost.com//cmhc-eyeing-new-tools-as-mortga

New $100-million fund announced for investment in first mortgages in Ontario https://www.mortgagebrokernews.ca//new-100million-fund-to-

CMHC eyeing 'new tools' as mortgage deferral cliff looms for borrowers https://financialpost.com//cmhc-eyeing-new-tools-as-mortga

The June 2020 statistics for the Collingwood/Southern Georgian Bay Real Estate Market https://www.chestnutpark.com/blog-article.cfm?id=23146

RBC Expects Canadian Housing Prices Will Fall Modestly in the Short-Term https://torontostoreys.com/canadian-housing-prices-fall-rbc/

As the weather improves and we spend more time outdoors but still at home, here are some ideas in which to focus a keen home improvement eye to exterior spaces as oases of relaxation.

The tighter lending rules coming into force July 1 will make it harder for some Canadians to buy homes, but mortgage pros say panicking wont do you any good. https://business.financialpost.com//how-to-get-around-cana

The market is still seeing a shortage of listings and multiple offers in demand area, I have gone through all these different markets and can help if you are considering buying or selling. 50 years in the business this year.

Notwithstanding that new listings were down 36.4 % over last year, with 273 new listings reported at the end of May 2020 vs 429 in May 2019, when comparing the market to the month before, The Western Region of Southern Georgian Bay demonstrated resiliency and actually showed strong signs of rising activity. https://www.chestnutpark.com/blog-article.cfm?id=23060

As the COVID pandemic resumes, the virus continues to impact all levels of the Canadian economy, including the housing industry. In order to protect future home buyers and reduce any future risks, CMHC announced its changing its underwriting policies for insured mortgages. https://torontostoreys.com/cmhc-mortgage-requirements-home/

The economic uncertainty surrounding COVID-19 has contributed to contradictory estimates of future housing prices and sales. Leading the bears is the Canada Mortgage Housing Corporation (CMHC), projecting average housing prices to fall by nine to 18 per cent.

Homebuyers are back online. The initial response to the pandemic caused traffic on many listings websites to take a nosedive. Since then, searches for homes have gone up reaching and even surpassing pre-pandemic levels. https://www.point2homes.com//homebuyer-traffic-takes-off-s

This is how we are supposed to be, taking care of one another, nature seems to agree.

COVID-19 pushed Canadian home sales to their lowest level for April since 1984. https://www.cbc.ca/news/business/crea-home-sales-1.5571143

By the end of April 2020, the COVID-19 global health pandemic had certainly taken its toll. The Western Region of Southern Georgian Bay felt the same repercussions as many global real estate markets. Find out more about the April Real Estate Market for Collingwood and Southern Georgian Bay here: https://www.chestnutpark.com/blog-article.cfm?id=21959

A luxury home can be traditional or contemporary, ornate or minimalist, functional or fantastical, great or small. But can it also be eco-friendly? https://www.chestnutpark.com/blog-article.cfm?id=21941

Ontario Real Estate Showings Gradually Rebounding Amid Pandemic https://torontostoreys.com/real-estate-showings-ontario-co/

Each lender has their own set of procedures and protocols that they are following. Here is an overall summary of the procedure changes due to COVID-19 and income disruption.https://app.socialpilot.co/posts/create#

When youre combining home with work, the lines between the two can become blurredthree interior designers share their tips on devising a beautiful space for both. https://www.chestnutpark.com/blog-article.cfm?id=21893

Chestnut Park understands the importance of home and community. Chestnut Park wants to take this opportunity to thank all frontline workers, with special thanks to the medical community, for making our homes and communities safe during this health crisis. In order to safeguard and to put the well-being of the communities we serve first, we too are encouraging everyone to stay at home and maintain social distancing. The safety of our frontline workers in our communities depends upon on it.

In spite of the impact of COVID-19 around the world, March 2020 numbers stood up incredibly well in the Western Region of Southern Georgian Bay when comparing activity year over year.

The Collingwood Market Statistics for February is now available! https://www.chestnutpark.com/blog-article.cfm?id=21630

86 per cent of older, urban, adult homeowners said they would like to live in their current family home as long as possible - but that dream isnt realistic for everyone. https://www.vancouverisawesome.com//downsizing-vast-majori

Canadas housing market is poised for a hot spring with lower mortgage rates likely to offset any major drag from the coronavirus.

The mortgage process can be overwhelming. Knowing key mortgage and home buying terms can help reduce confusion and assist you in better understanding the process of buying a home.

From systems that can learn our preferences to those that make life more convenienttodays smart-home trends are more integrated, more intelligent, and more stylish than ever!

So many old friends came out to ski with their kids

The federal government is changing the stress test rate for insured mortgages starting April 6. https://globalnews.ca//mortgage-stress-test-change-insure/

Tightening Housing Supply in Toronto Could be a Sign of Another Market Heat-Up https://www.mansionglobal.com//tightening-housing-supply-i

The Collingwood and Southern Georgian Bay Real Estate Market Report is now live: https://www.chestnutpark.com/blog-article.cfm?id=21264

Todays data on Canadas biggest housing market saw benchmark prices shoot up 8.7% from the January before, the biggest jump in more than two years.

OSFI Hints at Changes to the Mortgage Stress Test Qualifying Rate https://www.canadianmortgagetrends.com//are-changes-to-th/