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The Collingwood housing market has seen steady growth due to increased interest from both domestic and international buyers. Long term trends show a rise in primary residences, investment properties and luxury real estate, fueled by low mortgage rates and the desire for spacious homes in natural settings.
| Month | Number of Sales | Combined Days on Market Average | List Price Average | Sale Price Average | Sale/List Price Average | Number of New Listings | Number of Sales | List to Sale Ratio |
| Jan | 16 | 105 | $1,098,254 | $745,344 | 96.20% | 46 | 16 | 0.35 |
| Feb | 28 | 65 | $1,040,875 | $786,854 | 96.40% | 53 | 28 | 0.53 |
| Mar | 27 | 88 | $1,137,002 | $1,017,366 | 96.00% | 49 | 27 | 0.55 |
| Apr | 25 | 76 | $1,049,219 | $997,828 | 96.10% | 55 | 25 | 0.45 |
| May | 26 | 100 | $1,140,211 | $991,534 | 97.20% | 81 | 26 | 0.32 |
| Jun | 17 | 74 | $1,043,468 | $897,412 | 96.40% | 66 | 17 | 0.26 |
| Jul | 20 | 66 | $1,080,484 | $744,500 | 96.40% | 70 | 20 | 0.29 |
| Aug | 24 | 92 | $1,023,484 | $786,717 | 97.20% | 67 | 24 | 0.36 |
| Sep | 36 | 90 | $1,050,877 | $972,392 | 95.70% | 76 | 36 | 0.47 |
| Oct | 38 | 78 | $983,683 | $868,616 | 96.80% | 78 | 38 | 0.49 |
| Nov | 25 | 68 | $1,059,750 | $999,284 | 96.90% | 45 | 25 | 0.56 |
| Dec | 3 | 178 | $1,816,296 | $2,635,000 | 93.90% | 3 | 3 | 1 |
The 2024 real estate market has brought some striking changes in sales activity, listing trends, and price dynamics. Here's a breakdown of the trends and actionable insights for buyers and sellers.
Sales and Listing Activity
Sales were up and down throughout the year, peaking in September and October with 36 and 38 sales, respectively, before slowing way down in December. New listings were inconsistent, with May and September bringing the most inventory but fewer sales-to-listing ratios. These peaks are also inconsistent with past years.
Properties averaged 105 days on market in January but fell to 66 days in both February and July, reflecting seasonal demand. It then jumped dramatically to 178 DOM in December, no doubt due to the limited end-of-year activity.
Homes consistently sold at about 96%–97% of list price, reflecting a balanced market. In December, homes sold for 93.9% of list price; this may have been due to higher-priced luxury properties closing at a discount.
Sale prices remained relatively stable for most of the year, averaging between $744,500 in July and $1,017,366 in March. In December, however, there was an unusual spike in average sale price at $2.6M, likely skewed by high-value transactions.
Shop During the Off-Season. DOM was highest in December, signaling less competition and motivated sellers. Use this to negotiate better terms and pricing during slower months.
With shorter DOM in February, June, and July, buyers must therefore be well-set to move quickly once homes hit the market during these high-demand months.
May and September topped new listings, offering a bigger selection of inventory for buyers to choose from. These could be ideal times to grab hold of a property.
Is Spring the Best Time to List?
March and April saw relatively high sales activity with solid sale-to-list ratios. Listing during this time can help your property sell faster and closer to asking price.
December saw extremely low activity and longer DOM. If you’re listing in the winter, ensure your property is competitively priced and market-ready to stand out.
Homes sold faster in June and July, even at slightly lower sale prices. If speed is a priority, consider listing during these months.
Meanwhile, buyers find better opportunities in the slow months and inventory peaks, but the best time to list is in spring and summer when the demand is highest. Whether you are buying or selling, a partnership with a local real estate expert will ensure that you can leverage this dynamic market to its full potential.
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There are some months when the Collingwood market was balanced, but the general trend in 2024 represents a buyer's market, which provides an advantage in negotiations to the buyers and gives them more options for choosing among properties. So far in 2025 we are seeing the same Buyer's Market continue.
The luxury property market in Collingwood, especially for waterfront properties and homes near Blue Mountain, has shown consistent growth. Wealthy buyers are attracted to the area's combination of natural beauty and recreational opportunities, making Collingwood a prime location for high-end real estate investments.
The real estate market in Collingwood, Ontario, is known for its strong demand, diverse property offerings, and proximity to desirable locations such as Georgian Bay and Blue Mountain. The market offers everything from single-family homes to luxury properties and waterfront properties, attracting both first-time homebuyers and seasoned investors. The availability of homes for sale in Collingwood reflects both the residential demand and investment opportunities driven by tourism, seasonal living, and permanent relocation.
Collingwood real estate presents a dynamic landscape characterized by factors such as property prices, housing availability, and local infrastructure. Understanding these variables is essential for potential buyers, sellers, and investors. To explore the market thoroughly, we will answer key questions that shape the market trends, offer an insight into property values, and explain investment opportunities in Collingwood.
A house or domicile is a space used as a permanent or semi-permanent residence for one or more human occupants and sometimes various companion animals. It is a fully- or semi-sheltered space and can have both interior and exterior aspects to it. Homes provide sheltered areas, for example, rooms, in which domestic activity may be conducted like sleeping, preparing and consuming food as well as personal hygiene, in addition to providing rooms to work and enjoy free time, for example, working from home, studying, or playing.
The physical forms of homes can be static-a house or an apartment-mobile-a houseboat, trailer, or yurt-or digital-virtual space. The aspect of 'home' can be considered across scales; from the micro scale that showcases the most intimate spaces of the individual dwelling and direct surrounding area to the macro scale of the geographic area such as town, village, city, country, or planet.
The notion of 'home' has been studied and conceptualized from many disciplines; topics that have been discussed include the notion of home, the interior, the psyche, liminal space, contested space, gender and politics. The concept of home extends beyond the notion of residence as modern lifestyles and advances in technology re-define the way the world population lives and works. The concept and experience encompasses the likes of exile, yearning, belonging, homesickness and homelessness.
In Collingwood, the most popular property types include single-family homes, condominiums, and vacation homes. Single-family homes are prevalent in suburban areas, catering to growing families, while condos offer a more urban lifestyle closer to downtown.
Single-family homes in Collingwood are in high demand due to the area's appeal to families looking for more space and access to outdoor activities. These properties typically come with larger lots, which are attractive to those seeking a balance of nature and suburban living.
Condos in Collingwood offer low-maintenance living and are often located near amenities such as shopping centers and recreational areas. Many buyers are drawn to the proximity to Blue Mountain, making these properties ideal for both full-time residents and investors interested in short-term rentals.
Vacation homes, particularly near Georgian Bay and Blue Mountain, attract both seasonal residents and investors. These properties are often purchased for their scenic views and access to ski resorts, and they contribute significantly to the region's short-term rental market.
Property prices in Collingwood vary based on proximity to popular attractions, property size, and neighborhood amenities. The average price of a home in Collingwood is approximately $950,000, according to recent market data from the Canadian Real Estate Association (CREA).
Prices are influenced by proximity to recreational areas like Blue Mountain and Georgian Bay, demand for waterfront properties, and local development. Properties located near downtown or in areas with ski resort views generally command higher prices.
Waterfront properties in Collingwood tend to have higher price points due to their premium location near Georgian Bay. The scenic value and exclusive access to waterfront amenities drive these prices, often pushing them over $1.5 million depending on the size and features of the property.
Real estate agents in Collingwood are essential in navigating the competitive Collingwood market, offering expertise in local property trends and legal processes. Many agents specialize in different sectors, including residential homes, vacation properties, and luxury real estate.
Agents assist with property listings, negotiations, and legal paperwork, ensuring smooth transactions for both buyers and sellers. In a competitive market like Collingwood, having an experienced agent can be key to securing a property in high-demand areas.
Buyers should look for agents affiliated with reputable organizations like the Ontario Real Estate Association (OREA). Agents with deep knowledge of local neighborhoods and property values can help clients make informed decisions.
Seasonal demand plays a major role in the Collingwood real estate market, particularly in the sale and rental of vacation homes and investment properties. The influx of tourists during ski season and summer months drives up short-term rental demand and increases property turnover.
During the Blue Mountain ski season, demand for rentals and properties in close proximity to the slopes peaks. Buyers looking for vacation homes or investment properties tend to make purchases ahead of the season to capitalize on rental income.
In the summer, demand shifts toward properties near Georgian Bay. Waterfront homes and cottages become highly sought after, driving up both rental rates and sale prices in these areas.
Collingwood offers a unique mix of residential properties and vacation homes compared to other regions in Ontario. While cities like Toronto and Ottawa are focused on urban living, Collingwood provides a blend of suburban and recreational lifestyles.
The proximity to natural attractions like Blue Mountain and Georgian Bay distinguishes Collingwood from other markets. This dual appeal of suburban living and easy access to outdoor activities makes the area highly desirable for those seeking both permanent residences and vacation homes.
While Collingwood's prices are lower than in Toronto, they are higher than in more rural areas due to its status as a recreational hotspot. Properties near waterfront or ski resorts tend to attract higher prices, making Collingwood a competitive market within Ontario.
Investing in Collingwood real estate offers various advantages, from potential rental income to long-term property appreciation. Investors are particularly drawn to vacation homes and luxury properties due to the area's popularity as a tourist destination.
Vacation homes in Collingwood, particularly near Blue Mountain, can generate substantial rental income during the ski season. Additionally, these properties tend to appreciate in value due to the limited availability of waterfront and resort-area homes.
Investing in Collingwood carries the typical risks of real estate, such as market fluctuations and seasonal demand variability. However, with proper market analysis and investment strategies, the potential for return remains high, particularly in prime locations.
Buyers can find homes for sale in Collingwood through MLS listings, real estate agents, and online platforms like Realtor.ca. The MLS (Multiple Listing Service) is the most comprehensive source for available properties, offering detailed listings with photos, pricing, and contact information for agents.
MLS listings provide a centralized platform for buyers to view the most current listings, compare prices, and schedule property viewings. The service is widely used by real estate agents to promote homes for sale and ensure maximum visibility to potential buyers.
Off-market listings in Collingwood are less common, but some real estate agents may offer exclusive access to properties not yet publicly listed. These listings can provide opportunities for buyers to secure a property before it enters the competitive market.
Financing options for purchasing real estate in Collingwood include mortgages, home equity loans, and investment loans. Buyers typically secure financing through major Canadian banks or private lenders, depending on their financial situation.
Mortgage rates in Collingwood follow national trends, with fixed-rate and variable-rate mortgages being the most common. As of 2024, fixed mortgage rates range from 4.5% to 5.5%, depending on the loan term and the buyer’s creditworthiness, according to the Bank of Canada.
Yes, programs like the First-Time Home Buyer Incentive from Canada Mortgage and Housing Corporation (CMHC) can help buyers in Collingwood with down payment assistance and reduced mortgage rates, making it easier for new buyers to enter the market.
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