Uxbridge Information & Events

National Mortgage Rates

First a look at the relationship between Bank Prime rates and Mortgage Rates.

Note the spread between the banks prime rate and the various fixed term rates. Variable rate mortgages are based on this prime rate and over the last ten years if you had chosen the variable rate mortgage you would in most cases have saved yourself a tidy sum of money in lower interest rates. It must be noted that there is some risk to variable rate mortgages as the rates may rise significantly over a period of time. The advantage of a fixed rate mortgage is you know how much your payments will be regardless of whether mortgage rates rise or fall.

If you click on the image below it will take you to CanEquity's interactive version of the chart.

As you can see the trend to lower rates has leveled off and if you follow the latest news from the banks we just might see it starting to edge upward.

"After a flurry of competition in the Canadian mortgage market over the past month, the undercutting between major banks appears to have subsided, says a top banking executive." Read the full story from the Globe and Mail.

Mortgage rates are still at the lowest they have been in over 35 years

The Real Estate Market Is Local
and sometimes hyper-Local

While Charts and Graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me 

"The study showed that unlike the United States, Canadian real estate agents are fairly optimistic about 2012. the Canadian real estate agents who took part in the survey believe that all core metrics of the Canadian real estate market and economy will be increasing in 2012. Real estate values, real estate transactions, new construction starts, and the local economy are project to increase slightly in 2012. Canada continues to have a strong banking system, a strong dollar, and low unemployment. Interest rates are low, spurring international investment in Canada.. Canadian confidence continues to be high. Job growth is being driven by the energy industry in Canada."

A Primer On Market Trends, Graphs, And Charts - What Are Absorption Rates and Why Are They Important

What Are Absorption Rates?

Simply put the Absorption Rates is a measure of the length of time it will take to sell all the current listings at the current rate of sales assuming no new listings were added.

There are 3 pieces of information used to find absorption rate:

• The time frame
• The number of homes sold during that time frame
• The number of active listings right now

To determine the absorption rate of the listed properties we determine the average number or number of sales per month for the time period being checked. We Then take the number of active listings, and divided it by the number of sales for that given period.

Here are a few examples of Absorption Rates (in Green) compared with the monthly sales to show the correlation between the two. Septembers figures in the second chart show us that as the number of sales drop and the number of listings (not shown) rise the absorption rate also rises

The chart above looks at the absorption rate for each month using the average number of sales for the 12 months preceding any given month. The chart below looks at the absorption rate using the actual sales in each month. One half of the Absorption Rates fall well within the definition of a Balanced Market and the other six months are for the most part (with the obvious exception being September) just outside that range.

Whenever we utilize average sales such as in the graph below we see those anomalies smoothed over.

Like the 12 month absorption rate chart above
the 6 month and three month absorption rate shown here
average the preceding 6 and 3 months sales respectively
to determine the trend over a shorter period of time 

Why Are They Important?

They help us determine what type of market we are in. While there is a difference of opinion on what represents a Balanced Market, Buyers Market or Sellers Market generally

• A Balanced Market is said to have sufficient inventory to last 4 - 6 month
• A Sellers Market has less than 4 months inventory
• A Buyers Market has more than 6 months of inventor

The number shows the rate at which the inventory of homes for sale are being sold. A declining figure indicates the inventory is decreasing as more homes are being sold than are coming onto the market. A rising absorption rate implies that there are more homes coming onto the market than there are buyers willing to buy at the market prices.

They help us determine how long it may take to sell your home. For example, if 10 homes are sold every month and there are 100 homes for sale, it will take 10 months to sell all of the homes currently for sale. If there are 120 homes for sale, the absorption rate will be 12 that means it will likely take a full year for all of the homes to sell, assuming no more homes come on the market in addition to those already for sale. In this example if you would like to sell in 5 months, you should take the absorption rate into account and price your home competitively with the lower 40% of properties currently for sale.

North American Trends

The absorption rates in many areas of the US are very high while across Canada you would likely find them very acceptable in most markets.

The InfoGraphic on the right is the result of a study by the largest real estate social network, Active Rain, who conducted a survey of 1,835 real estate agents and real estate brokers in the US and Canada to understand if the real estate market and economy are poised for recovery in 2012, both nationwide and in local markets.

"The study showed that unlike the United States, Canadian real estate agents are fairly optimistic about 2012. the Canadian real estate agents who took part in the survey believe that all core metrics of the Canadian real estate market and economy will be increasing in 2012. Real estate values, real estate transactions, new construction starts, and the local economy are project to increase slightly in 2012. Canada continues to have a strong banking system, a strong dollar, and low unemployment. Interest rates are low, spurring international investment in Canada.. Canadian confidence continues to be high. Job growth is being driven by the energy industry in Canada."

The Real Estate Market Is Local
and sometimes hyper-Local

While Charts and Graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me

Uxbridge, Ontario - 2012 Interm Tax Bill - Reminder

If you are living in Uxbridge, Ontario and are a property owner or if you simply own property in Uxbridge, Ontario the first instalment of your PropertyTaxes are due.

Your Interm taxes are one half of last years taxes divided into two payments

Don't Miss The Deadline

Your first installment is due Wednesday February 29th for your 2012 Interim Tax Bill. Uxbridge does charge a penalty interest of 1.25% which will be added to your tax bill. If you do not pay it until the first of April they will add another 1.25%.

Your second installment is due April 30th, 2012 so mark your calendar now.

Uxbridge, Ontario - 2012 Interm Tax Bill - Reminder

Celebrating Uxbridge Library's 125th Anniversary 

The Book Lovers Ball and Benefit

The Book Lover’s Ball and Benefit to be held at Wooden Sticks Golf Course on Saturday, April 14th, 2012 is one of a variety of events that have been planned for this year’s 125th Anniversary Celebration that include this gala fundraiser. The Library is hoping that over 150 literary-minded guests will come together and show their support for the Library.

An Evening To Remember

This formal event (black tie optional) will be an evening to remember, including hors d’oeuvres, three-course dinner with wine, and dancing with live music performed by Hot Air - a local big band with 17 members. Guests will also have the opportunity to bid on fabulous prizes in a silent auction, in support of the Library’s expansion fund.

Did You Get Your Library Card Yet?

What a great way to promote this fundraiser ..... Your personal invitation should have arrived in the mail in the form of a Library Card.

About The Uxbridge Library

"The Uxbridge Public Library is an information resource committed to fostering literacy and promoting life-long learning throughout our community. Over 33% of Uxbridge residents are active Library cardholders and borrowed over 170,000 items last year. In addition, approximately 5,000 children and adults in our community attended over 230 Library programs!"

Celebrating Uxbridge Library's 125th Anniversary - The Book Lovers Ball and Benefit

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 26th 2012

There are currently 111 properties (up 2 from last week) Listed on the National MLS® System for sale in Uxbridge ranging from $172,500 to $4,490,000 (no change)

This past week saw the following transactions reported by the Toronto Real Estate Board for Uxbridge:

• 2 properties with price reductions
• 3 residential properties sold subject to conditions being met
• 0 residential Condo/Other sold subject to conditions being met
• 3 residential freehold properties sold firm
• 1 residential Condo/Other sold firm
• 0 previous deals fell through

The graph shows the annual trends based on end of the month statistics from The Toronto Real Estate Board for home sales, new listings and active listings for the last 12 months.

You Can Also View The:

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 19th 2012

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 12th 2012

Market Snapshot - Uxbridge, Ontario - Week Ending Friday February 3rd 2012

Uxbridge Real Estate Market Update - January 2011 - The Month IN Review

Uxbridge Three Year Trend Lines

Greater Toronto January 2012 Market Update

MLS® Home Price Index (MLS®HPI)

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 26th 2012

"The study showed that unlike the United States, Canadian real estate agents are fairly optimistic about 2012. the Canadian real estate agents who took part in the survey believe that all core metrics of the Canadian real estate market and economy will be increasing in 2012. Real estate values, real estate transactions, new construction starts, and the local economy are project to increase slightly in 2012. Canada continues to have a strong banking system, a strong dollar, and low unemployment. Interest rates are low,

spurring international investment in Canada.. Canadian confidence continues to be high. Job growth is being driven by the energy industry in Canada."

(Click on the image for high resolution image)

Uxbridge, Ontario - Seasonal Employment Opportunities For Students - Summer Day Camps

Summer Day Camps offer an opportunity to work with children, sharing their experiences throughout the summer months. If you are versatile, punctual, flexable, creative, organized and a caring youg adult Uxbridge Summer Camps is looking for you.

Camp Councillors

• Assisit in daily activities and routines
• Develop versatile lesson plans
• Mature, Responsible, enthusiastic, and have an interest in working with a variety of people and as a team member
• Hold a current Standard First Aid certificate and CPR "C"

Assisstent Camp councillors

If you are 15 years old and up, mature responsible and adaptable Uxbridge Summer Camps may be looking for you

• Hold a current Standard First Aid certificate and CPR "C"
• Assisit in daily activities and routines

For full job descriptions, resume requirements visit The Uxbridge Township Web Site 

All applications must be in by March 30th, 2012

Uxbridge, Ontario - Seasonal Employment Opportunities For Students - Summer Day Camps

A Primer On Market Trends, Graphs, And Charts - Three Year Trend Lines

The above Three Year Trend line chart provides a long term look at what is happening in the Local Uxbridge Real Estate Market.

Over the last three years there were an average of 28.4 property sales per month with a low of only 14 and a high of 45 per month.

Over this same period of time the average number of new listings was 53.4 with the average number of Active Listings being 140.6 and homes that sold, sold for 97% of their list price.

"The study showed that unlike the United States, Canadian real estate agents are fairly optimistic about 2012. the Canadian real estate agents who took part in the survey believe that all core metrics of the Canadian real estate market and economy will be increasing in 2012. Real estate values, real estate transactions, new construction starts, and the local economy are project to increase slightly in 2012. Canada continues to have a strong banking system, a strong dollar, and low unemployment. Interest rates are low,

spurring international investment in Canada.. Canadian confidence continues to be high. Job growth is being driven by the energy industry in Canada."

(Click on the image for high resolution image)

Local Uxbridge, Ontario - Canadian - North American - Real Estate Market Predictions And Trends For 2012

North American Real Estate Market Predictions For 2012

Just recently 1835 members, both Canadian and American, of the Active Rain Real Estate Network voiced their opinion in a poll on their respective local real estate markets for 2012 and you can read the results here in the post Real Estate Recovery Or Not? 2012 Predictions by the Pro's Infographic.

While there is still much left to be desired across the U.S. most Canadian Realtor's® that took part in the poll are predicting good things for the Canadian Market

Closer To Home

“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,”
Jason Mercer, TREB’s Senior Manager of Market Analysis

New Tools Available For The Consumer

National Trends

Real estate is Local and at times Hyper Local, predictions based on National Figures are not always reflected in local markets. However some like to see those numbers especially if they are moving across the country.

The new MLS® Home Price Index provides a look at housing price trends much like the Consumer Price Index does. more

Real Estate Is Local

Local Trends

The best way to determine what is happening in the local market is to watch local trends. For some time now we have been reporting on what buyers are looking at on one of our web sites We Graph the average and median prices of homes that potential buyers look at. 

Over the last few weeks we have also started reporting weekly sales figures based on information supplied in the Toronto Real Estate Board (TREB) Market Watch for our Market Snapshot - Uxbridge, Ontario - Week Ending reports.

Starting In January of this year we also started to produce the Uxbridge Real Estate Market Update - The Month IN Review using data supplied by TREB to provide the graphics that will give you a statistical window into the local Uxbridge market. The Chart on the right (1 of eight that we use) shows the average sale price for homes in Uxbridge for this year compared to the last four years.

The Real Estate Market Is Local
and sometimes hyper-Local

While Charts and Graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me

Junior Lifeguard Camp Mar. 12th - 16th

There are five different camps being run for different age groups ranging from 5 to 13 this is just one of them

A great way to improve your stroke while learning lifesaving techniques and earning Your Rookie, Ranger, Sar or Bronze awards

• For - ages 10 - 12
• Location - drop off at Uxpool
• Time - 8:30am - 4:30pm
• Cost - $147 week
• Bring -  bathing suit, goggles, morning and afternoon snacks, lunch.
• Optional - Extended Care at Uxpool 1 hour in the PM $15.00 per week or $5 per day

PEANUT AND NUT FREE!

Register by calling Uxpool @ 905-852-7831 or at the Uxpool front office

Junior Lifeguard Camp Mar. 12th - 16th

All Five Camps

Junior Lifeguard Camp Mar. 12th - 16th

Splash Camp Mar. 12th - 16th

Sports Camp Mar. 12th - 16th

Tour Camp Mar. 12th - 16th

Winter Adventure Camp Mar. 12th - 16th

Splash Camp Mar. 12th - 16th

There are five different camps being run for different age groups ranging from 5 to 13 this is just one of them

Aquasquirts is a play based aquatic program for children who have completed sk3 or higher. It is a theme based program that takes a participatory approach to the introduction of skills from synchronized swimming diving and water polo using a creative approach to teaching sills.

• For - ages 6 -10
• Location - Uxpool
• Time - 8:30am - 4:30pm
• Cost - $147 week
• Bring - bathing suit, goggles, morning and afternoon snacks, lunch.
• Optional - Extended Care at Uxpool 1 hour in the PM $15.00 per week or $5 per day

PEANUT AND NUT FREE!

Register by calling Uxpool @ 905-852-7831 or at the Uxpool front office

Splash Camp Mar. 12th - 16th

All Five Camps

Junior Lifeguard Camp Mar. 12th - 16th

Splash Camp Mar. 12th - 16th

Sports Camp Mar. 12th - 16th

Tour Camp Mar. 12th - 16th

Winter Adventure Camp Mar. 12th - 16th

Sports Camp Mar. 12th - 16th

There are five different camps being run for different age groups ranging from 5 to 13 this is just one of them

This camp will be divided into junior and senior age groups. Campers will learn a variety of ball skills, court skills, and indoor outdoor games and activities. Their day will end with a 1 hour swim at Uxpool from 3 - 4 pm

• For - ages 5 - 12
• Location - to be announced
• Time - 8:30am - 4:30pm
• Cost - $147 week or $40.00 per day
• Bring - outdoor clothing, indoor shoes, extra socks, bathing suit, skates, morning and afternoon snacks, lunch.
• Optional - Extended Care at Uxpool 1 hour in the PM $15.00 per week or $5 per day

PEANUT AND NUT FREE!

Register by calling Uxpool @ 905-852-7831 or at the Uxpool front office

Sports Camp Mar. 12th - 16th

All Five Camps

Junior Lifeguard Camp Mar. 12th - 16th

Splash Camp Mar. 12th - 16th

Sports Camp Mar. 12th - 16th

Tour Camp Mar. 12th - 16th

Winter Adventure Camp Mar. 12th - 16th

Tour Camp Mar. 12th - 16th

There are five different camps being run for different age groups ranging from 5 to 13 this is just one of them

Come and enjoy a day of activities around Uxbridge. Activities may include Ice Skating, Movie at the Roxy, Glow in the dark bowling, and various gym games including dodge ball.

• For - ages 9 - 13
• Location - to be announced
• Time - 8:30am - 4:30pm
• Cost - $57.00 per day
• Bring - outdoor clothing, indoor shoes, extra socks, bathing suit, skates, morning and afternoon snacks, lunch. Spending Money
• Optional - Extended Care at Uxpool 1 hour in the PM $15.00 per week or $5 per day

PEANUT AND NUT FREE!

Register by calling Uxpool @ 905-852-7831 or at the Uxpool front office

Tour Camp Mar. 12th - 16th

All Five Camps

Junior Lifeguard Camp Mar. 12th - 16th

Splash Camp Mar. 12th - 16th

Sports Camp Mar. 12th - 16th

Tour Camp Mar. 12th - 16th

Winter Adventure Camp Mar. 12th - 16th

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 19th 2012

There are currently 109properties Listed on the natonal MLS® System for sale in Uxbridge ranging from $172,500 to $4,490,000

This past week saw the following transactions reported by the Toronto Real Estate Board for Uxbridge:

• 5 properties with price reductions
• 6 residential properties sold subject to conditions being met
• 2 residential Condo/Other sold subject to conditions being met
• 8 residential freehold properties sold firm
• 2 residential Condo/Other sold firm
• 0 previous deals fell through

You Can Also View The:

Uxbridge Real Estate Market Update - January 2011 - The Month IN Review

Greater Toronto January 2012 Market Update

MLS® Home Price Index (MLS®HPI)

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 19th 2012

Winter Adventure Camp  Mar. 12th - 16th

There are five different camps being run for different age groups ranging from 5 to 13 this is just one of them

Arts, crafts, outdoor adventures, songs and games ..... all day fun with swimming from 3pm - 4pm

• For - ages 5 - 10
• Location - At Uxpool Hall (upstairs)
• Time - 8:30am - 4:30pm
• Cost - $147.00 week or $40.00 per day
• Bring- outdoor clothing, indoor shoes, extra socks, bathing suit, morning and afternoon snacks, lunch.
• Optional - Extended Care 1 hour in the AM $15.00 per week or $5 per day
• Optional - Extended Care 1 hour in the PM $15.00 per week or $5 per day

PEANUT AND NUT FREE!

Register by calling Uxpool @ 905-852-7831 or at the Uxpool front office

Winter Adventure Camp Mar. 12th - 16th

All Five Camps

Junior Lifeguard Camp Mar. 12th - 16th

Splash Camp Mar. 12th - 16th

Sports Camp Mar. 12th - 16th

Tour Camp Mar. 12th - 16th

Winter Adventure Camp Mar. 12th - 16th

Brain Teaser for Feb. 18, 2012

How often do we read something without really seeing it?

Yesterday I asked the question

How many F's are in the following sentence

Finished files are the result of years of scientific study and also years of experience

The answer is 6 ..... apparently our brain has difficulty processing "F's" in the word "of " because it sounds like a "V" when we say it

Brain Teaser for Feb. 18, 2012

Are You Ready To Run in The Uxbridge "Run For The Diamond"

The Uxbridge Road Runners are offering a 9 week spring training program to help get you in shape for the "Run For The Diamond" 21.1km Half Marathon, 10km or 5km events.  The program offers supervised runs twice weekly and a weekly clinic on various topics related to running, health and fitness.

• Who - Both beginner and experienced runners who want to participate in the Uxbridge "Run For The Diamond"
• Where - Uxbridge Arena (Williamson Boardroom)
• When - starting the week of February 20th, 2012
• Registration Contact gwyn@tmgtraining.com or maggie@tmgtraining.com

The Uxbridge "Run For The Diamond" Half marathon is a charitable fund raiser organized by the Uxbridge Cottage Hospital Auxiliary along with the Gorgons and the Greater Uxbridge Road Runners. The net proceeds of the event go directly to funding for equipment, technology, renovations, special projects and a sustained emergency department for the Uxbridge Cottage Hospital. This year the funds will go towards the purchase of a state of the art Ultrasound Machine with an Endorardiography Probe.

Are You Ready To Run in The Uxbridge "Run For The Diamond"

Brain Teaser for Feb. 18, 2012

How often do we read something without really seeing it?

How many F's are in the following sentence

Finished files are the result of years of scientific study and also years of experience

come back tomorrow for the answer

Brain Teaser for Feb. 18, 2012

2012-02 Mid Month - Buyers Activity Report

February web site visitors is up slightly on our two older websites from February 2011 ..... When you add in the visitors to our new sites the total number of visitors is up over 65%

There are currently 112 properties for sale in Uxbridge and it's Hamlets of Coppins Corners, Goodwood, Leaskdale, Sandford, Udora, and Zephyr, ranging in price from $169,900 to $4,490,000

In looking at the chart below you will notice the average value of homes viewed is down from last year. This is not an indicator that values are dropping ..... by looking at the minimum and maximum list price of properties you will see it is a reflection of the values of properties that are being viewed.

The Two graphs below represent the average and median price range of homes that potential buyers are looking at on one of my web sites. 

Buyers Activity Report 2011-02 Mid Month

Above - To Mid February 2012

Below - All of 2011

Remember The Real Estate Market Is Local And Sometimes Hyper Local

While charts and graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me

*these graphs look at the activity on one of my web sites only some buyer activity has moved to one of my other sites due to some promoting we have been doing and this will be affecting the year over year numbers

Uxbridge, Ontario's Population Rose 7.6% between 2006 and 2011 - 2011 Cenus Data

Statistics Canada reports that the population of Uxbridge rose 7.6% from 2006 to 2011. This compares to the national average growth of 5.9%.  Interactive map

With a land area of 420.83 square kilometres that translates to a population density of 49.0 persons per square kilometre. This compares to the provincial land area of 908,607.67 square kilometres and a population density of 14.1 persons per square kilometre.

17.45 Private Dwellings per sq km

In 2011, Uxbridge (Township) had 7,345 private dwellings occupied by usual residents. That translates into 17.45 private dwellings per square kilometre. The change in private dwellings occupied by usual residents from 2006 was 10.3%. For Canada as a whole, the number of private dwellings occupied by usual residents increased 7.1%.

Chart Source Statistics Canada Census Profile

Uxbridge (Township) is part of the census metropolitan area of Toronto.

Uxbridge, Ontario's Population Rose 7.6% between 2006 and 2011 - 2011 Cenus Data

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 12th 2012

There are currently 112 properties Listed on the natonal MLS® System for sale in Uxbridge ranging from $169,900 to $4,490,000

This past week saw the following transactions reported by the Toronto Real Estate Board for Uxbridge:

• 3 properties with price reductions
• 9 residential properties sold subject to conditions being met
• 2 residential Condo/Other sold subject to conditions being met
• 5 residential freehold properties sold firm
• 0 residential Condo/Other sold firm
• 2 previous deals fell through

You Can Also View The:

Uxbridge Real Estate Market Update - January 2011 - The Month IN Review

Greater Toronto  January 2012 Market Update

MLS® Home Price Index (MLS®HPI)

Market Snapshot - Uxbridge, Ontario - Week Ending Sunday February 12th 2012