All posts by Amie Ferris

What’s Happening in the Real Estate Market?

Real estate sales are on a downward spiral just as the spring market was revving up.

There were 13 firm sales reported on the local MLS® for all of Norfolk County for the week of March 23 to March 29.  The following week, March 30 to April 5, only reported three sales.  That’s a decrease of 77%.

During the week of March 30 to April 5 one year ago, there were 23 sales reported on the local Multiple Listing Service (MLS®).  This year’s numbers for the very same week illustrate at 154% plunge.

Real estate showings are down 75.8% from same time last year.

A side effect of the global pandemic is that the local real estate market went from a seller’s market to a buyer’s market overnight.

Buyers, sellers and REALTORS® alike are coming to terms with these challenging times.  Everyone is learning how to adapt. 

The question on everyone’s mind is “what’s next?”  April is going to be a telling month in terms of what we see in the short term. 

It’s a wait-and-see approach to see the impact on a more stabilized basis.

“While it’s impossible to determine how long sales could be affected, and there isn’t exactly a precedent for how this health crisis may play out, there is one economic event that could be comparable in how the housing market was affected – the 2008-2009 global recession.

According to analysis by Zoocasa, benchmark real estate prices dipped across the nation during this time period by eight per cent from $370,900 to $341,700. The drop was most pronounced in the Greater Vancouver area, which experienced a 14-per-cent decline, from $575,400 to $497,000. Losses were smallest in the Greater Toronto Area, down six per cent from $367,100 to $344,900. 

However, these price declines didn’t become the norm – as any market watcher will tell you, the decade between the end of the aughts and the start of 2020 ushered in a period of astronomical price growth.”1

1-https://www.remonline.com/whats-next-for-home-prices-amid-covid-19/?utm_source=REM+Inbox+Update&utm_campaign=8a79cadae9-EMAIL_CAMPAIGN_2020_04_07_02_44&utm_medium=email&utm_term=0_3f4c7c7b65-8a79cadae9-61116225

Norfolk Restaurants Offering Pick Up or Delivery Services

Many local restaurants are offering pick up and/or delivery service.

We’ve put together this summary of Norfolk County area restaurants for your easy reference.  We are still working to add to this list and provide more information like websites, facebook pages, menus and phone numbers.

If we’ve missed anybody please let us know in the comments section and we will update the list.

Port Rowan

Godfather’s Pizza
Website  |  Facebook  |  Menu  |  519-586-8000

Uncles Country Coffee
Facebook  |  Menu  |  519-586-8537

Country Fork
Facebook  |  Menu  |  226-534-1616

The Boathouse Restaurant
Facebook  |  Menu  |  519-586-9316

Pizza Buoys
Website  |  Facebook  |  Menu  |  226-398-3211

Langton
Andy’s Drive In
Website  |  Facebook  |  Menu  |  519-875-2631

Port Dover
The Erie Beach Hotel
Website  |  Facebook  |  Menu  |  519-583-2161

Willies
Website  |  Facebook  |  Menu  |  519-583-3687

The Family Shed
Website   |  Menu  |  519-583-1881

211 Main
Website  |  Facebook  |  Menu  |  519-583-3251

Lago
Website  |  Facebook  |  Menu  |  519-583-3337

Trish’s Bakery
Facebook  |  519-583-2800

Urban Parisian
Website  |  Facebook  |  Menu  |  226-206-0066

M’s Good Food
Facebook  |    519-583-0108

Tim Horton’s Drive Thru
Website  |  Facebook   |  519-583-1929

Ivory Fern Foods
Website  |  Facebook  |  Menu  |  519-288-2897

Southside Louie’s
Website  |  Facebook  |  Menu  |  519-583-0920

Hank Dekoning Ltd.
Facebook  |  Menu  |  519-583-0115

Yins
Website  |  Facebook  |  Menu  |  519-583-1810

Delhi
Mike’s Subs
Website  |   Menu  |  519-582-3449

Styles Cafe
Facebook  |  519-582-3170

Subway
519-582-3277

Godfather’s Pizza
Website  |  Facebook  |  Menu  |  519-582-1112

Mr. Sub
Website  |  Facebook  |  Menu  |  519-582-8881

Pizza Pizza
Website  |  Facebook  |  Menu  |  519-582-8881

Mai & Pia’s
Facebook  |  519-582-2530

The Bunk House
Website  |  Facebook  |  Menu  |  519-582-8449

Waterford
Swazees
Facebook  |  Menu  |  519-443-4004

Yins
Website  |  Facebook  |  Menu  |  519-443-8678

Gino’s Pizza
Website  |  Facebook  |  Menu  |  1-866-310-4466

Giorgio’s
Facebook  |  Menu  |  519-443-6140

Tim Hortons Drive Thru
519-443-8877

Ritzy Cakes & Eatery
Website  |  Facebook  |  Menu  |  519-443-0964

Kerries Eatery
Facebook  |  Menu  |  519-443-4000

Gibbled Goose
Website  |  Facebook  |  Menu  |  519-443-4442

Turkey Point
Sandbar on the Beach
Website  |  Facebook  |  Menu  |  519-426-4009

The Jetty
Website  |  Facebook  |  Menu  |  519-428-2121

Simcoe
Ferrera
Facebook  |  Menu  |  226-440-3111

The Combine
Website  |  Facebook  |  Menu  |  226-440-3369

Kaley’s Restaurant
Website  |  Facebook  |  Menu  |  226-440-3444

The Barrel Restaurant
Website  |  Facebook  |  Menu  |  519-426-0068

McDonalds
Website  |  Facebook  |  Menu  |  519-426-8085

New Orleans Pizza
Website  |  Facebook  |  Menu  |  519-426-4011

Tim Horton’s Drive Thrus
519-426-8291  |  519-428-0101

Garden Restaurant
Facebook  |  519-426-4365

KFC
Website  |  Facebook  |  Menu  |  226-401-3825

Jo-Jo’s
Website  |  Facebook  |  Menu  |  519-426-5335

Harmony Pastry Shop & Cafe
Website  |  Facebook  |  Menu  |  519-426-6760

Gator BBQ
Website  |  Facebook  |  Menu  |  226-401-2612

J.C. Sushi
Website  |  Facebook  |  Menu  |  519-426-6888

Vittoria
The Catherwood and the Kiln
Facebook  |  Menu  |  519-426-2220

Local Wineries/Breweries
Burning Kiln Winery
Website  |  Facebook  |  Menu  |  519-586-9858

Blueberry Hill Estates
Website  |  Facebook  |  Menu  |  519-586-2256

Hometown Brew Co
Website  |  Facebook  |  Menu  |  519-410-7676

Charlotteville Brewing Company
Website  |  Facebook  |  Menu  |  519-550-2433

New Limburg
Website  |  Facebook  |  Menu  |  519-426-2323

Ramblin’ Road Brewery Farm
Website  |  Facebook  |  Menu  |  519-582-1444

Frisky Beaver – Smoke & Gamble
Website  |  Facebook  |  Menu  |  519-900-3034

How’s the Norfolk Real Estate Market Performing During a Province Wide State of Emergency

Leading up to Premier Doug Ford’s declaration of a state of emergency in Ontario on Tuesday, March 17, the spring housing market looked like it was positioned towards a peak.

Residential sales reported on the local Multiple Listing Service (MLS®) were headed way up in March of this year compared to the same time a year ago. 

A sharp decline in sales, however, was noticed starting the week of the announcement of a provincial state of emergency.

The same is true for the number of residential listings on the local real estate market.

During this period of uncertainty, these numbers illustrate that a call for physical distancing means far fewer people will be opening up their homes to potential buyers.

We appreciate that there will be circumstances where there is an urgent need to buy or sell like the family who recently got a job transfer, already purchased another home in their new community, but now must sell their local house. 

There are some who find themselves in urgent need of housing, or who must find a way to sell their property.

We are committed to continuing our services throughout this crisis; however, we understand the importance of the government’s declaration of a state of emergency.  We will operate with the same public health agency protocols that other essential services are being asked to comply with.

During this time of uncertainty we will make use of technology like video conference calls, high resolution photos, virtual tours, colour floor plans,  and the use of electronic signatures to complete those transactions remotely to support social distancing.

We want to assure you that we will keep the dialogue open to answer all questions, now and always.

It’s Not Business as Usual at Erie’s Edge

The Provincial Government has deemed “real estate agent services” as essential in order that buyers and sellers can still successfully enter into and complete their pending real estate agreements.

We are in a state of Emergency in Ontario.  It is our social and professional responsibility to ensure safety and wellbeing are our first priority during this unprecedented time.  

We appreciate that there will be circumstances where there is an urgent need to buy or sell.  I think of the family who recently got a job transfer, already purchased another home in their new community, but now must sell their local house.

During this time of uncertainty we will make use of technology like video conference calls, virtual tours, floor plans, “sight unseen” conditions in offers and the use of electronic signatures to complete those transactions remotely to support social distancing.

We want to assure you that we will keep the dialogue open to answer all questions, now and always.

Open Houses Cancelled

During the COVID-19 pandemic, we are committed to our protecting the health and safety of our clients, REALTORS®, staff and neighbourhoods.

We will be respecting the government’s recommendations in terms of social distancing and will not be hosting any open houses until further notice.


We understand that there are circumstances in which some buyers and sellers need to move.  For these situations, we
have implemented strict practices for showings by appointment only.

We recognize that these are unsettling times. We want you to know that your safety and wellbeing are our first priority.

We are here to answer any of your questions, now and always.

Together, we will #FlattenTheCurve.

Our Commitment To Protect the Health and Safety of our Clients, REALTORS®, Staff and Neighbourhoods

We are committed to our obligation to protect the health and safety of our clients, REALTORS®, staff and neighbourhoods.

To serve our clients, we will operate our real estate services remotely.  Our main office at 1021 Bay Street, Port Rowan is closed to the public until further notice. Today’s technology allows us to do just that without any interruption of service.  All of our contact information is available at www.EriesEdge.com.

If your home or cottage is currently on the market for sale, we have implemented strict practices for showings by appointment. 

In advance of arranging an appointment to show your property, we will ask prospective purchasers if they are showing signs of illness or have travelled internationally.  If so, they will be asked to arrange an appointment to view the property following a 14-day quarantine period.

As well, we have developed a list of instructions we will provide to buyers when viewing your home. 

We have also created a checklist for sellers to assist us in presenting your home or cottage for showings.  For example, please turn all lights on and make sure that all interior doors are open so that REALTORS® and buyers don’t have to touch anything inside.

We will be acting on the advice of the local Medical Officer Of Health Dr. Shanker Nesathurai.  The doctor is asking everyone to stay at home unless there is a compelling reason to leave the house.  Therefore, until further notice Erie’s Edge will not be hosting open houses.

If you would like to receive a list of the questions and instructions provided to buyers in advance of arranging a showing, please email our Broker of Record, Ray Ferris at Ray@EriesEdge.com.

Online marketing exposure is more important than ever as buyers increasingly seek out information online.  We strongly encourage prospective purchasers to view properties online before making an appointment to view them.  Today’s real estate marketing includes high resolution photos, virtual tours and floor plans which serves as the next best thing to actually being there in person.

We recognize that these are unsettling times. We want you to know that your safety and wellbeing are our first priority.

We are here to answer any of your questions, now and always.

Bidding Wars Are the New Norm

It’s only early February and we’re already experiencing bidding wars. In many
instances, homes and cottages are selling for tens of thousands of dollars over their asking prices!

The current state of the market is that of a seller’s market which is characterized by a shortage of properties available for sale to satisfy buyer demand.

Often times the result of a seller’s market leads to competing offers for sellers to choose from.  Generating and presenting multiple offers is a complex process. A seller in receipt of competing offers has several possible options to consider.

In a seller’s market, the way to achieve the best price is to have the most exposure in the shortest amount of time. Erie’s Edge Real Estate Ltd. has the local knowledge and experience to position properties that will create a favourable response from today’s buyers.

The result is often competing offers also known as “bidding wars.”  Generating and presenting multiple offers is a complex process. A seller in receipt of competing offers has several possible options to consider. They are:

• Accept one and reject the others;

• Sign one back and reject the others;

• Reject all offers, sending them back to the buyers for improvement;

• Sign one back and hold on the other offer(s) pending a response from the buyer getting the sign back;

• Hold on to one or more offers while sending the other offer(s) back to the buyers for improvement: or

• Hold on to a couple copies of each offer, and send the other copies back to the buyers for improvement if they so desire.

Each of the above options has positive and negative consequences for the seller. If you’re thinking of selling and want our assistance in obtaining the most amount of money and navigating the complexities of the current real estate market we can be contacted at 519.586.7922, 519.426.2072 or www.EriesEdge.com.

Are You Ready for the Spring Market?

On this first full day of spring, the chill may continue but the calendar points to spring.

While the weather may have sellers waiting, there’s anticipation that the spring real estate market will start warming.  So right now, there’s a lack of properties for sale.  And with so little choice, buyers are eager.

If you’re thinking of selling, now is the time to start planning. Is “COMING SOON” marketing and setting an offer presentation date right for you?  And what is your strategy going to be if you receive multiple offers (also known as a “bidding war”)?  Upon presentation of competing offers, you have a number of options to consider and if not executed properly, you’re probably leaving thousands of dollars on the table.

There’s a lot more to marketing your property than just listing it on REALTOR.ca … at least if you want top dollar!  While REALTOR.ca can be an excellent source of leads, our approach delivers a lot more including exposure on the Toronto Real Estate Board.

If you’re thinking of selling, we’re here to help.

2018 Norfolk County Real Estate Market Update

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

2018, by comparison, will be remembered for a return to a more balanced market.

While competing offers and sale prices over asking still happened, they weren’t as prevalent as the year prior.

In 2018, the number of residential real estate sales dropped 17.6%  to 800 units while  the average sale price increased 8.89% to $379,882.
 
At the same time, the number of residential listings reported for sale on the local MLS® was 1,227, up slightly from the previous year.  
 
Norfolk real estate sales appear to have been impacted by federal government changes to mortgage rules over the past year, including a stress test for applicants, and rising interest rates meaning a lot of buyers  hit a ceiling on what they can afford.
 
For specific real estate information about your Norfolk County neighbourhood, contact any of our Erie’s Edge REALTORS® by clicking here.

What if you don’t agree with your Property Assessment Report?

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.

In 2016, MPAC updated the assessed values of every property in Ontario to determine a legislated valuation date of January 1, 2016.  This date’s assessed value and classification of your property will be used as the basis for calculating your 2019 to 2020 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 1, 2019.

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.