Collingwood
Collingwood is a town of Ontario, Canada, located in the north of Toronto. Collingwood is definitely a great and affordable town to live in which comes with a relaxed outdoor lifestyle that is balanced with restaurants and shopping.
Collingwood is a unique and small town in Canada with an endless appeal in every season. Collingwood is one of the most affordable towns in Canada. It has many good schools and colleges so you do not have to worry about your children’s education.
It is also a safer town than other Canadian towns. It is almost 75 percent more safe. So, if you are planning to move to Canada, then Collingwood would definitely be a good choice.
Real Estate Market Outlook of Collingwood
Real estate market of Collinwood gives a tough competition to other towns and cities in town. Collingwood is one of the top 5 most affordable communities where you can rent or own in Ontario, so 95% of communities around Canada are more expensive.
Desjardins Economic Studies has recently revised its forecast for the real estate market of the province. It is now expected that real estate prices will fall around 24 percent in October from February. Real estate prices are already down 15 percent from peak, and were previously forecast to drop a total of 18 percent over the same period of time.
Recent real estate statistics indicate that Collingwood is one of the most affordable towns in Canada. Current MLS real estate stats indicate an average real estate price of around $816,250.
Real estate market of Collingwood is dependent on different construction styles. The most common construction styles are detached houses, condominiums and townhomes. All of these are affordable for a person with a good average yearly income. But the most affordable of all are condominiums and townhomes.
Real Estate Market Analysis For Townhomes – October 2022
As of October, townhomes are available at different rates in different areas of Collingwood. In October, a one-bedroom townhome is available for sale at an average cost of $442K. This price was $452K about three months ago.
Similarly, a two-bedroom townhome is available for sale at an average cost of $750k. This price was $826K about three months ago.
A three-bedroom townhome is available for sale at an average cost of $612K while this price was $844 about three months ago.
From these real estate prices, it is very clear that there has been a significant drop in real estate prices of townhomes.
Different townhomes are available for sale at different corners of the Collingwood. A three bedroom and 4-bathroom townhome are available for sale at 5 JOSEPH TR, Collingwood, Ontario. This townhome would cost you only $789000.
Similarly, another three bedroom and three-bathroom townhome are available for sale at 7 ALBANY ST, Collingwood, Ontario. This townhome cost you only $799000.
A three bedroom and three-bathroom townhome are available for sale at 40 SILVER GLEN Boulevard, Ontario, Canada. You can be the owner of this beautiful townhome at a price of $849,900.
