8 Coffee Hot Spots in Norfolk County

This blog is dedicated to all the java junkies who need that dose of caffeine to get them through the day. Wether it’s your morning motivator, an afternoon addiction, or a beloved break that you savour, we’ve got a list of coffee spots in Norfolk that you need to visit for a sip!

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Urban Parisian

This french bakery brings a bold European style vibe to Port Dover’s beach life atmosphere, and they’ve brought some bold coffee flavours too.  They have stated the claim that their rich coffee is “the best cup of coffee in town” and one might find that hard to argue! You can pair that steaming cup of caffeinated heaven with a freshly baked french dessert or one of their authentic and ever-changing lunch menu options.

Ferrera

While their food has attitude, their Brazilian coffee is packing a flavourful punch. The family vibe at Ferrera’s makes it the perfect place to meet up and enjoy a hot coffee, and some amazing food. While I favour a cup of their Brazilian coffee, no cream and sugar needed, their vanilla hazelnut coffee is definitely on my must-try list.

New Limburg

This local brewery is known for it’s Belgian Style Ale’s, but their bold coffee is equally rave worthy!  They are serving up a deliciously rich cup of java (amongst a couple other awesome caffeinated options). Their European style beer cafe in an old school classroom creates a perfect setting to lounge and laugh with friends over a cold Belgian beer or hot cup of coffee.

Uncle’s Country Coffee

When we asked our followers on social media their favourite coffee spot, Uncle’s in Port Rowan earned multiple mentions. Their humble service and hot coffee is worth the detour if your headed to the lake or near this tiny town. You can get it to go from their convenient drive through window and head to the park to enjoy the perfectly brewed coffee overlooking the lake, or dine in and order up one of their epic breakfast feasts.

Cuppa Refills

Cuppa Refills is receiving exceptional online reviews from their patrons for their warm service, stunning view and of course, their hot java! At this unique coffee shop, you can select from over 150 K-cup options to sip on.  Better yet, you can enjoy your selected drink while looking out over the Port Dover harbour or join in one of their paint or sign making classes.  As one happy coffee customer said “it’s like coming home, leaving your problems behind”.

Crepe House

With organic free trade coffee and some seriously amazing crepe creations, a stop at the Crepe House is a must when visiting Port Dover. Of course they have some other amazing caffeinated options on their hot beverage menu including lattes, espresso and cappuccino. Their crepe selection includes breakfast crepes to dinner crepes so you can enjoy an amazing local meal and a comforting cup of coffee any time of day.

Joy Bakery Cafe

Joy Bakery Cafe in Simcoe is serving up delectable baked goodies, daily soups, and satisfying hot drinks. Their delicious high quality coffee and unique flavoured latte’s are worth the visit to this friendly, small-town cafe.  Of course you have to top off the visit with some of their traditional sweet creations made from locally sourced ingredients. Joy Bakery Cafe is the perfect place to cozy up with a premium cup of coffee.

McDonald’s

Okay, so you may be surprised to see this one the list.  It’s certainly not locally sourced or Norfolk unique however, a couple of our team members are adamant about McDonald’s coffee flavours. You’ll find Norfolk’s golden arches on the Queensway in Simcoe and surely you’ll enjoy a familiar cup of coffee that is being enjoyed worldwide!

Now that you’re armed with an insider scoop on Norfolk’s best cups of coffee, where do you plan to visit for your next coffee break? Let us know if we missed your favourite coffee shop on our list, we’d love to give it a try!

 

Major Banks Hike Interest Rates

First it was the new “mortgage stress test” and now it’s increased mortgage rates.  Several banks increased their mortgage rates this past Friday, with the rest expected to follow suit.

RBC, TD Bank and CIBC increased their mortgage lending rates with Scotiabank following shortly thereafter.

RBC, TD and Scotiabank increased their 5 year fixed mortgage rates to 5.14% with TD noting this is the first time rates have breached 5% since 2014.  CIBC increased their rate to 4.99%.

Mortgage Rates Increase

Gregory Klump, Chief Economist for the Canadian Real Estate Association says “If enough banks raise their rates by the same amount, it will raise the benchmark rate for stress tests.”  He added “That would definitely have a marginal impact on how much mortgage people can qualify.”

What does all of this mean for home buyers?  Right now it means higher interest rates for mortgages, but no change to the “stress test,” yet.

Uninsured mortgages (those with 20% down or more) must prove they can make payments of greater than 2 points higher than their contracted mortgage rate OR the benchmark rate published by the Bank of Canada.

Insured mortgages (those with 5-19.99% down) must pass the stress test and qualify at the benchmark rate.

Currently the Bank of Canada benchmark rate is 4.99%.

Economist are predicting that the Bank of Canada will increase their key interest rate by 0.25% to 1.25% causing banks to increase their prime lending rates.  This will push variable mortgage rates and other loans such as home equity lines of credit up. Additional, economist expect gradual pace of tightening interest rates over the next two years, of about 25 bps every six months.

For more information about today’s mortgage rules and rates contact your mortgage specialist.   We will continue to monitor and keep you posted on any rate increases or changes to the “stress test” benchmark rate.

2017 Norfolk County Real Estate Market Review

Bidding wars, bully offers and properties selling for tens of thousands of dollars over asking price were the new “norm” throughout 2017.

The overall market statistics for 2017 across Norfolk County look like this…

2017 Norfolk County Year In Review

To summarize, the number of sales were down (by 6.65%), properties took 37.31% less time to sell and prices increased by 18.93%!  In 2016, the average sale price for residential homes across Norfolk County was reported at $290,622.  In 2017, that price increased by over $55,000 to $345,636.

Our team at Erie’s Edge took a deep dive into the some more localized markets across the County.  Let’s have a look…

SIMCOE

Simcoe’s average sale price in 2017 increased by 10.71% to $312,247;  up from $282,049 in 2016. In 2016, the average days on market was 77, whereas in 2017 the average house took only 37 days to sell meaning that properties sold 51.95% faster.  In 2017, there were 290 sales reported on the local MLS® system, compared to 341 in 2016, a decrease of 14.96%.

PORT DOVER

The highest average sale price across Norfolk County was reached last year in Port Dover.  The average price of $399,392 blew away the 2016 average of $339,078 by 17.79%.  Properties also sold faster in Port Dover in 2017, but took more time to sell than Simcoe, Waterford, and Delhi.  In 2017, properties sold 25% faster, with an average of 45 days on market (vs. 60 days in 2016).  Sales also declined, but only by 6.94% from 173 in 2016 to 161 in 2017.

LONG POINT

2017 saw very low inventory in Long Point, which resulted in 54.55% less cottage sales over 2016 (10 vs. 22).  Demand remained high and properties were flying off the beach.  In 2017, the average days on market for a cottage in Long Point was 26 days vs. 106 days in 2016, meaning properties sold 75.47% faster than the previous year.  Low inventory and high demand caused prices to rise by 35.69% over 2016.  The average sale price climbed to $437,005 in 2017 from $322,047 the year prior.

TURKEY POINT

Once again the 2017 cottage market proved to be strong in Norfolk County.  The number of sales in Turkey Point decreased by 14.29%;  from 35 in 2016 to 30 in 2017.  Demand remained high which caused prices to increase by 5.85% from an average of $313,754 in 2016 to $332,094 in 2017.  Properties also sold 61.11% faster, with an average days on market of 49 vs. 126 in 2016.

PORT ROWAN

Port Rowan, Delhi and Waterford were the three markets in Norfolk County that actually saw an increase in the number of sales in 2017.  Port Rowan sales climbed from 41 in 2016 to 48 in 2017, a 17.07% increase.  Like all other markets across Norfolk, these three areas showed increased values and decreased days on market.  The average price in Port Rowan reached $326,592, a 16.43% increase over the 2016 average of $280,495.  Houses sold 21.74% faster in 2017 with an average days on market of 54 vs. 69 the year prior.

WATERFORD

In 2017, Waterford realized an increase in average price by 14.65% to $350,636;  up over $305,830 in 2016, as well as an increase in the number of sales from 91 to 97 – a 6.59% increase.  Once again, properties sold quickly with a drop in the average days on market of 41.38%, from 58 days in 2016 to 34 in 2017.

DELHI

The Delhi market proved to be one of the strongest Norfolk County markets in 2017.  The average sale price increase was the second highest, only beat out by Long Point (a more recreational market).  Houses also sold faster by 34%, decreasing from 50 days in 2016 to 33 days in 2017.  The average sale price skyrocketed by 24.94% to $291,725 over the 2016 average of $233,494.  The number of sales climbed by 25.58% to 108 over 86 the year prior, the largest increase experienced in any community in Norfolk County.

WHAT’S IN STORE FOR 2018?

Real estate was a major topic of conversation throughout 2017 and will continue to dominate the headlines in 2018.

New rules on mortgage lending took effect on January 1 and will result in a major decrease in affordability for responsible homebuyers.  We first wrote about the yet another “stress test” being applied to mortgages in October which you can read here.

Stress tests are based on the notion that interest rates are set to rise, and there’s reason to believe that’s likely to come true.  After almost a decade, the Bank of Canada increased its benchmark interest rate two times last year.

With a provincial election scheduled to be held on or before June 7 of this year, housing affordability will no doubt be on everyone’s minds and will be a critical platform of the campaign.

If you’re in the market to buy or sell and have questions about the local real estate market, we can be contacted at 519.586.7922 or stop by our office at 1019 Bay Street, Port Rowan.  All of our contact information is also available on our website at www.EriesEdge.com.

Your Real Estate Fix of the Week 12.21.17

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A country retreat, a beach town cottage, an income property and a suburb bungalow.  Just like Santa’s sack, this week’s new listings have something for everyone! You can view all of our listings on our website at www.eriesedge.com/for-sale. Click on the images below to view the detailed listings.


Nature will be knocking on your back door at 229 Perney Road in Waterford.  This 4 bedroom country retreat is nestled on a private lot overlooking open fields just a few steps from the Heritage Trail. Nature is calling, you must go!

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This main street listing has great investment potential! 151 Main street in Delhi could be your chance to own an income property, or a space of your own.

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This incredible cottage at 14 Clubhouse Road in Turkey Point is the perfect place for your family get-away. Spend your summers along the shores of Lake Erie in this epic beach town. Enjoy your own large green yard, spacious sunroom, sunny back deck, rooms filled with natural light and all so close to the sandy beach.

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This cozy bungalow is waiting for you. 115 Richardson is located in a fantastic Port Dover neighbourhood close to downtown dining & shopping, schools, and grocery stores.  Did we mention that it’s also near the beach? Get your hands on this cozy keeper!

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If you’re thinking of selling, reach out to an Erie’s Edge REALTOR® today at 519-586-7922 to discuss wether the timing is right to sell now, or in the new year.

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Your Real Estate Fix of the Week 12.14.17

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We have a handful of amazing new listings this week. There’s the tease of town life and it’s convenient comforts and some breathtaking country views that will have you hooked! You can view all of our listings on our website at www.eriesedge.com/for-sale. Click on the images below to view the detailed listings.


Consider yourself spoiled nestled in the Rolling Meadows subdivision with an open country backyard view. 24 Bobolink Drive in Tillsonburg sits at the top of a hill backing onto open fields. Spacious and bright, you’ll feel lucky getting comfortable in this beautiful homes interior. It’s time to spoil yourself a little!

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Country views, character and charm. This dreamy home at 1824 1st Concession Road STR outside of Delhi is your perfect country retreat. You’ll be surrounded by fields and wide open spaces, with 4 bedrooms and an awesome open concept flow. Speaking of retreats, this home is accompanied by a fully equipped shop including a loft! Yes, you deserve it!

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At 6 Oakdale Place in Ingersoll, the perfect curb appeal welcomes you in to it’s pristine living space. You’ll fall in love with the charming details and bright open spaces . This stunning home is located on a quiet cul-de-sac with a sprawling back yard. Welcome Home!

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We are loving the stunning gas fireplace and warm floors found in the living room at 114 Auty Street in Waterford. Not to mention the wide covered reach porch and fresh interior touches. This unique space is offering a lot options that you’re definitely going to love.

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This beautifully located bungalow has much more than just it’s convenient location to offer. While 6 Oakwood Avenue is within walking distance to downtown Simcoe it also has an awesome oversized detached double garage. With it’s charming interior and 2+1 bedrooms this cozy home is certain to be a crowd pleaser.

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If you’re thinking of selling, reach out to an Erie’s Edge REALTOR® today at 519-586-7922 to discuss wether the timing is right to sell now, or in the new year.

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Your Real Estate Fix of the Week 11.30.17

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Looking to move right in, retreat to the beach, renovate, rebuild or invest? You have to see these new listings that are boasting with epic views and great locations! You can view all of our listings on our website at www.eriesedge.com/for-sale. Click on the images below to view the detailed listings.


Big and Beautiful! This spacious open concept home is nestled on a quiet street at 46 Centre Street in Vienna. There is so much space to enjoy with a fully finished basement, 3+2 bedrooms, and an outstanding covered porch on an awesome lot just shy of an acre.

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Soak up your summers beach side in Long Point! The epic views of the lake can be taken in from both the open concept indoor living space and the amazing outdoor patio area at 59 Woodstock Ave. The vaulted ceilings and modern touches of this stunning beack front cottage are ready for you to enjoy.

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Picture your dream home on your own slice of country paradise! This stunning 1.1 acre lot at 605 Charlotteville East Quarter Line Road in Vittoria is ready for a renovation or a rebuild. The potential can’t be missed with the incredible location and views!

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Investing in a property? Might as well invest by the beach! This duplex at #4-21 Brock Street offers 2-1 bedroom apartments within walking distance to the beach, shops and restaurants in beautiful Port Burwell!

 


If you’re thinking of selling, reach out to an Erie’s Edge REALTOR® today at 519-586-7922 to discuss wether the timing is right to sell now, or in the new year.

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Do you disagree with your Property Assessment Notice?

 

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Property owners in Ontario have started to receive their “Property Assessment Notice” from the Municipal Property Assessment Corporation (MPAC).

MPAC is responsible for assessing and classifying more than five million properties in Ontario in compliance with the Assessment Act and regulations set by the Government of Ontario.

 
Untitled design (20)In 2016, MPAC updated the assessed values of every property in Ontario to determine a legislated valuation date of January 1, 2016.  To provide a level of property tax stability and predictability, market increases in assessed value between Assessment Updates are phased in gradually over four years. (A decrease in assessed value is introduced immediately).  
 
So what’s the purpose of a property assessment anyways?  Your annual assessed value and classification of your property will be used as the basis for calculating your annual property taxes.
 
What if you think your assessment is wrong?  Specifically, simply ask yourself if you could have sold your property for its assessed value on January 1, 2016. If the answer is no, you can request that MPAC review your assessment free of charge. The review process is referred to as a “Request for Reconsideration” or “RfR”.
 
Your deadline to file an RfR with MPAC for the valuation year is April 2, 2018.
 
You can visit www.aboutmyproperty.ca for more info about your assessment of the RfR process.  Of course, we’re always here to answer any of your real estate related questions at Erie’s Edge by clicking here.

22 Years, 5 Biggest Changes

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Today marks twenty two years that I’ve been a REALTOR®. I thought it would be fun to look back at some of the big changes over the years. Here’s a few:

MLS® Catalogues. 1

Yep, catalogues.  Publications of listing information with ONE black and white thumbnail size photo.  Wait, it gets better.  The catalogues were printed and delivered to brokerages every two weeks.  Yes, that’s right … you had to wait two weeks to find out about a new listing.

Fax Machines. 

Look, I don’t want to cause waves but if you’re still using a fax machine to transmit documents, come on!  It’s 2017!  The clarity of even the most expensive fax machines suck at best.  I got rid of our office fax number years ago.

SmartPhones. 

2I’m not talking about “car phones” here (those shoe box sized contraptions) but those mobile devices that are used for more than making phone calls.  According to Business Insider, people didn’t start using the term “smartphone” until 1995, but the first true smartphone actually made its debut three years earlier in 1992.  There’s an interesting read about the first SmartPhone here.  It wasn’t until some years later though when smartphones became as necessary as having your own vehicle in the real estate biz. 

Interesting facts to note.  Anybody remember “BlackBerry?”  The very first device to carry the BlackBerry name was BlackBerry 850, an email pager, released January 19, 1999.  And the first generation iPhone was announced on January 9, 2007.

Classified Advertising. 

3I don’t even want to calculate how many tens of thousands of dollars I’ve spent over the last 22 years on classified advertising.  Just like I haven’t sent a fax in years, neither have I spent a dime advertising properties for sale in the newspaper.  In 1995, the year that I entered the real estate business, 2% of buyers reported using the internet to search for a home.  Today that number has reached 95%

Electronic Signatures. 

My absolute favourite change I’ve experienced in the last 22 years as a REALTOR® is the ability for buyers and sellers to sign agreements of purchase and sale electronically.  This wasn’t a reality until July 1, 2015, however.  With this change, agreements can be signed using a computer, tablet or smartphone.  My clients have absolutely loved the ability to affix their signatures to contracts electronically anywhere thereby saving them time.

A lot has changed over the last 22 years but my love for the real estate business remains the same.  You can get in touch with me by clicking here or calling my office at 519.586.7922.

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Your Real Estate Fix of the Week 11.16.17

New From Erie's Edge

This week’s new listings include a space that’s been remodeled and place to build your own model. You can view all of our listings on our website at www.eriesedge.com/for-sale. Click on the images below to view the detailed listings.


Modern updates matched with an awesome country location. What a perfect pair! This charming home sits on a beautiful lot on the edge of Delhi at 7 Scott Street. There’s a good chance that it’s spacious bright design is your match made in heaven.

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Exclusive is the new black! We’re talking about this rare lot at #20-80 New Lakeshore Road in an exclusive gated Port Dover community. With luxurious perks included in the common fee, you can build your dream home on this piece of cloud nine.

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’Tis the season! New listings are impacted by the seasonality of the market. This jolly real estate market is driven by supply and demand.  If you’re thinking of selling, reach out to an Erie’s Edge REALTOR® today at 519-586-7922 to discuss wether the timing is right to sell now, or in the new year.

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