Collingwood Real Estate Listings

Where Is Collingwood?

Collingwood is a quaint town located not far from Toronto and has been steadily becoming a high-quality place to live, with demand increasing year by year. This wonderful community is historically a shipbuilding town and is located on the beautiful Georgian Bay shores. The area has plentiful options for what to do and where to go. It’s not far from Blue Mountain Resort and various other private ski clubs which are thriving in the winter months. If you’re able to find a home in Collingwood, don’t let the opportunity slip away.  

Why is Buying or Renting a House in Collingwood So Expensive?

Right now, it’s expensive to buy a house just about anywhere. In Collingwood, it’s a similar reason to other places, which is that the supply of homes is extremely limited. Due to this lack of supply and increased demand, the prices have skyrocketed. It’s not a uniquely Collingwood problem; it’s the reality of the housing market at this moment in time. 

Who’s Driving The Demand For Houses in Collingwood?

Right now, the buyers driving up the demand for a house in Collingwood are referred to as ‘move-up buyers.’ These are the buyers that are typically families looking for quieter areas to raise a family and get away from the hustle and bustle of big cities. This has been accelerated by Covid-19, which has made it clear to some people that city-living isn’t for them. 

The common requirement of a home that ‘move-up buyers’ search for is a town with walkability. What this means is that everything is easy to access via varying walking distances. More importantly, it’s the natural amenities. They don’t want concrete jungle living. They want grass, trees, lakes, ponds, and other natural elements that separate cities and towns. 

With the current prices of homes, the expectations of what they might receive in their budget have been adjusted to be more realistic. However, these sacrifices aren’t stopping them from searching for a new home. Two-story detached homes are currently not only the most sought after, but they’re also high in supply. 

Another popular home type in Collingwood is condos which are experiencing a higher-than-usual buying frenzy. Single people looking for a change are making their way to towns like Collingwood and snapping up condos.

Finally, demand for luxury homes has increased since 2020, but the low inventory levels have made it a difficult find.

Is Collingwood As a Community Expensive?

While the housing market, in general, is experiencing an intense time when it comes to the price of purchasing a home, the community itself is rather expensive. It’s listed as one of the top five most expensive communities in Ontario in terms of renting or owning a home. So whether or not the market is experiencing inflated prices, Collingwood is expensive in general. 

Is Collingwood a Good Place To Live?

The question is subjective. If you asked anyone in Collingwood if they loved the area, they’d likely wholeheartedly agree that it’s a great place to live. It’s a trendy inner-city suburb and has a wide variety of restaurants, cafes, local shops, and beautiful places to enjoy the area with family and friends. You can easily get from Collingwood to the CBD through some easily accessible public transportation. Beyond the locals, Collingwood has actually been given the title of 22nd best place to live in Canada out of 25 of the top options. So there’s a lot of evidence to support that this is a great place to live. However, you are the one who decides for certain at the end of the day if it’s right for you and your family.

What’s It Like To Live In Collingwood?

Collingwood is perfect for raising a family. It’s just the right mix of quaint, vibrant, and full of life that makes a small town thrive. The population of Collingwood is only growing. Between 2016 and 2021, the town’s population increased by an impressive 13.8%. The population in the area is now north of 24,811 people. Overall, living in Collingwood is great. With so many amazing places to eat and enjoy, you’re always nearby something happening, whether it be in Collingwood or in the city which is nearby.