The PTBO Housing Show

Average prices slide lower again from October to March, BUT Months of Inventory finally reverses. Sales activity in October shows more hope for a resilient market than September numbers, but large systemic financial risks still loom. Let’s dive into the stats and the story below! All statistics presented are for the City of Peterborough, and are not indicative of County Activity unless otherwise stated. Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Price Declines Stabilize, Short Term Future Uncertain Amid Interest Rate Hikes, Despite Record High Immigration and Continually Tight Supply. Story At A Glance: Slowest September for sales since 2012 with sales down 30% year over year.Showing activity in September lowest of the year.Buyer sentiment does not seem as negative as the industry experts' commentary.Inventory is basically flat month over month at 2.25 months of inventory despite weak sales, indicating ongoing scarcity and or sellers holding back inventory.Central Bank Interest rate commentary increasingly slanted towards further rate hikes.Low inventories currently suggest low selection and competition could return as soon as interest rate signaling flips, but such timing is a very large unknown. New housing construction starts slowing on lower industry confidence, this and tighter lending will lead to a bleak housing future in Ontario. Great uncertainty surrounds the next 6-12 Months on the macroeconomic scale.Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Hello everybody! Welcome back to another episode of the PTBO housing show. We have a guest this week - we’re happy to welcome Jeff Leal, who is one of our Mayoral candidates in Peterborough. Jeff’s got a long history, story, and background in politics in Peterborough and in Ontario. This week we sit down and talk about all things of interest to Peterborough residents and the surrounding area in terms of our upcoming election. Story at a glance:What got Jeff into politics?How he will deal with some of the Peterborough City bottlenecks in terms of construction permit approvals. His thoughts on drugs in the downtown core. The issue of homelessness in Peterborough. His thoughts on PATH (Peterborough Action for Tiny Homes), and how he would get city council on board if they became at odds with city staff. What type of jobs he would like to create. His position on our taxes in the Peterborough budget. For anyone listening to the audio that would prefer a video or blog version, the full interview is on my website here. Importance of Voting!!Peterborough residents - if you haven’t already gotten your letter in the mail to log on and vote, make sure you track that information down. There was a very low turnout in the last municipal election, and when it comes to voting and elections, the number one thing that anybody can hope for is that no matter who gets selected, that there is at least a strong representation of voters so that we know whoever is elected is truly the choice of the people. Welcome to the show, Jeff! Find Jeff's campaign here: https://www.jefflealformayor.ca Connect With Mitch:Website: https://www.mitchcleary.com/Email: mitchcleary@century21.caFacebook: https://facebook.com/mitchcleary.realestate/Instagram: https://instagram.com/mitchcleary.realestate/Twitter: https://twitter.com/MitchClearyPTBOPodcast: “The PTBO Housing Show” on all major platformsSUBSCRIBE TO YOUTUBE CHANNEL:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Story at a glance:- Average Sales Prices Continue to trend downward.- August saw the first decrease in overall inventory month over month this year.- August saw the first increase in total sales volume month over month since peak activity this March- Buyer confidence remains low even though housing scarcity is still apparent in rising rents.- The BOC’s next moves are uncertain- The multi-varied equation of buyer demand for our peterborough region continues to shift based on several factors discussed in this article. - We are yet to see a bottom in the market, and opinions about how close we are vary greatly. Find Mitch:Website: www.MitchCleary.comEmail: mitchcleary@century21.caFacebook: https://facebook.com/mitchcleary.realestate/Instagram: https://instagram.com/mitchcleary.realestate/Twitter: https://twitter.com/MitchClearyPTBOPodcast: “The PTBO Housing Show” on all major platformsSUBSCRIBE TO YOUTUBE CHANNEL:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Story At a Glance:- Last week and the last month in Peterborough Ontario Real Estate Sales key metrics review.- Showing activity update.- Discussion over when a recovery may occur, and how it might play out.- Interest rate and affordability discussion.- Summer podcast schedule discussion!Connect with Mitch:Website: https://www.mitchcleary.comhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/https://twitter.com/MitchClearyPTBOPodcast: “The PTBO Housing Show” on all major podcast platformsSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Episode At A Glance:- Inventory continues to rise, but the pace slows from prior weeks highs.- 0.75% interest rate hike is likely coming, but are its effects already baked into the market pricing or will the announcement have a further effect?- Peterborough Action For Tiny Homes has a huge announcement to make in having found a land partner that makes a potential tiny home site to house the homeless a real possibility.I hope you enjoy the episode! Catch up with us in the Youtube comments if you want to join the conversation. BOOK A CONSULT WITH MITCH AND THE KAMAR-CLEARY TEAM:Calendly Link: https://calendly.com/mitchclearyConnect with Mitch:Website: https://www.mitchcleary.comhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/https://twitter.com/MitchClearyPTBOPodcast: “The PTBO Housing Show” on all major podcast platformsSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

In this week we take a look at the last 7 days, and last 30 days trends in Peterborough Real Estate. We cover:- Inventory continuing to rise.- What the governments next moves might be.- How to think as a buyer or a seller.BOOK A CONSULT WITH MITCH AND THE KAMAR-CLEARY TEAM:Calendly Link: https://calendly.com/mitchclearyConnect with Mitch:Website: https://www.mitchcleary.comhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/https://twitter.com/MitchClearyPTBOPodcast: “The PTBO Housing Show” on all major podcast platformsSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

In this weeks market update we review the last 7 days and the May statistics for 2022. Next we talk about what's happening in Toronto, the current interest rates, and how all of this affects our local market. Whether you're a buyer, seller, or investor - the shift in the market is making everyone wonder if this is the right time to make a move in the real estate world. The best thing you can do is be educated and aware of what's happening to make an informed decision. Thanks for tuning in!Mitch---BOOK A CONSULT WITH MITCH AND THE KAMAR | CLEARY TEAM:Calendly Link: https://calendly.com/mitchcleary---Connect with Mitch:Website: https://www.mitchcleary.comFacebook: https://facebook.com/mitchcleary.realestate/Instagram: https://instagram.com/mitchcleary.realestate/Twitter: https://twitter.com/MitchClearyPTBOPodcast: "The PTBO Housing Show" on all major podcast platformsSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

In this weeks interview, I got to sit down with Henry Clarke, who is one of the two announced mayoral candidates for Peterborough. We chat about his involvement in politics, his current run for Mayor, what's on his priority list for our community if he gets elected, and about housing in Peterborough. A huge thank you to Henry for taking the time out of his busy schedule to chat with me. We hope you enjoy today's show, and I look forward to catching up with you in the comments!You can find Henry's campaign website here: www.henryclarkeformayor.caIf you want to consult with our team about how to navigate this difficult market, reach out to us here: Mitch.Cleary@Century21.caConnect with Mitch:Website: https://www.mitchcleary.comEmail: mitchcleary@century21.caFacebook: https://facebook.com/mitchcleary.realestate/Instagram: https://instagram.com/mitchcleary.realestate/Twitter: https://twitter.com/MitchClearyPTBOPodcast: “The PTBO Housing Show” on all major platformsSUBSCRIBE TO YOUTUBE CHANNEL:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

In this episode we discuss the last 7 days of housing in Peterborough Ontario, as well as a glance at what has happened with prices and inventory in the last 30 days.Next we talk about how buyer and seller sentiment are shifting, and what the next few months might hold.Even though there appears to be a momentary pause to the market losses, much uncertainty still looms and we discuss that in this weeks show.Inquire about our Private Investor Seminar:Mitch.Cleary@C21.caBOOK A CONSULT WITH MITCH AND THE KAMAR-CLEARY TEAM:Calendly Link: https://calendly.com/mitchclearyConnect with Mitch:Website: https://www.mitchcleary.comhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/https://twitter.com/MitchClearyPTBOSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

In this weeks interview, I got to sit down with Stephen Wright, who is one of the two announced mayoral candidates for Peterborough. We chat about his involvement in politics, his current run for Mayor, what's on his priority list for our community if he gets elected, and about housing in Peterborough. A huge thank you to Stephen for taking the time out of his busy schedule to chat with me. We hope you enjoy today's show, and I look forward to catching up with you in the comments!You can find Stephen Wright's campaign website here: https://sawright.ca If you want to consult with our team about how to navigate this difficult market, reach out to us here: Mitch.Cleary@Century21.caStephens Website: https://sawright.caConnect with Mitch:Website: https://www.mitchcleary.comEmail: mitchcleary@century21.caFacebook: https://facebook.com/mitchcleary.realestate/Instagram: https://instagram.com/mitchcleary.realestate/Twitter: https://twitter.com/MitchClearyPTBOPodcast: “The PTBO Housing Show” on all major platformsSUBSCRIBE TO YOUTUBE CHANNEL:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

In this episode we chat about what happen in the last week of sales in Peterborough Ontario, what they are telling us about what's happening in our real estate market. We chat quickly about that current state of bidding wars, the mentality that buyers and sellers should have right now, and where things go from here.I hope everyone enjoys the show and I look forward to catching up with everyone next week for our interview with Stephen Wright!BOOK A CONSULT WITH MITCH AND THE KAMAR-CLEARY TEAM:Calendly Link: https://calendly.com/mitchclearyConnect with Mitch:Website: https://www.mitchcleary.comhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/https://twitter.com/MitchClearyPTBOSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

A recent study, any many subsequent articles have been stating that Peterborough might be the most overvalued real estate market in Canada.In this episode of the show I break down the local articles that have been circulating, and their logic behind the claims.To describe the episode at a glance, I find most of the claims poorly defined, and the core arguments poorly supported by most of the columnists who have recirculated the original data from the Moody's report.After the breakdown of that topic, we move onto some brief coverage of our bi-weekly inventory, sentiment, and Toronto watch topics!I hope everyone enjoys the show and I thank you all for tuning in!BOOK A CONSULT WITH MITCH AND THE KAMAR-CLEARY TEAM:Calendly Link: https://calendly.com/mitchclearyConnect with Mitch:Website: https://www.mitchcleary.comhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/https://twitter.com/MitchClearyPTBOSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Our local Member of Parliament Michell Ferreri took time to sit down with me and discuss all kinds of topics! In this interview we go from Michelles daily routine and life as a politician, onto discussion about housing and homelessness, and much more.Thank you very much to Michelle for taking the time to out of your busy schedule do have this discussion, and thank you for the voice you are providing for our community in Ottawa.I hope everyone enjoys the discussion!If you want to consult with our team about how to navigate this difficult market, reach out to us here: Mitch.Cleary@Century21.caI look forward to catching up with you in the comments!Connect with Mitch:Website: https://www.mitchcleary.comhttps://twitter.com/MitchClearyPTBOhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/Subscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

In this video we cover the bi-weekly topics of:- The 7 day Review: The last weeks real estate activity and statistics in Peterborough.- Macro trends: Interest Rates, Ukraine, Blind Bidding.- Toronto watch: Whats going on in the GTA and Durham and what does it tell us about what to expect for our market.- Sentiment watch: people are saying about what is going to happen next with the market, and how it is affecting buyer and sellers behaviour.- Buyer and Sellers corner: Brief thoughts on how to view this market right now if your considering buying or selling in the coming months.- Parting thoughts on this market.Next week our local MP Michelle Ferreri will be on the show to chat housing and life in Ottawa!BOOK A CONSULT WITH MITCH AND THE KAMAR-CLEARY TEAM:Calendly Link: https://calendly.com/mitchclearyConnect with Mitch on social media:https://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/https://twitter.com/MitchClearyPTBOSubscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Garnet Northey, President of the Peterborough Kawartha Home Builders Association, sits down to talk all this housing supply.We dive into local politics, provincial legislation, and all things to do with why we don't build more homes. Garnet is the President of Spotlight Home and Lifestyle, a progressive local design build & renovation company. Find Garnet here: https://www.spotlighthomeandlifestyle.com/about/spotlight-home-and-lifestyleFind PKHBA here: https://www.pkhba.comConnect with Mitch:Email: Mitch.cleary@century21.cahttps://twitter.com/MitchClearyPTBOhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/Subscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Things are changing very rapidly in our Peterborough County, and Ontario housing market at large. Bidding wars are seeing far less offers, and many are starting to miss their offer dates all together. The market has changed massively from the market we knew just a month ago that still seemed to be at its frenzied peaks. Continued news of rising rates and the true end of low for long interest rates / cheap money has us wondering if this current softening of the market is more than just the seasonal flush of inventory coming on. While it is likely that our true scarcity of dwellings relative to residents in Ontario will continue to persist, it also seems likely right now that with borrowing costs going up and incomes staying stagnant, peoples unwavering faith that this market will continue to rise may be exhausted. We will continue to follow these trends closely, and hope you got some value out of this information. Connect with Mitch on social:https://twitter.com/MitchClearyPTBOhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/Subscribe! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

This week we are joined by our first guest…Tamer Kamar! We start this show with a brief review of the last 7 days of trends in Peterborough County real estate sales, and then jump right into the interview with Tamer.Tamer and I operate as the Kamar-Cleary Team in Peterborough, and his 18+ years of experience is invaluable to the way that our team operates.We chat about Tamers early career in real estate, how he has watched the city change over the last 10 years, and what he sees as the way forward for our housing situation. We hope that you enjoy the conversation and introduction to Tamer, and we will look forward to brining you more of his insights in the future!If you want to consult with our team about how to navigate this difficult market, reach out to us here: Mitch.Cleary@Century21.caConnect with Mitch on social:https://twitter.com/MitchClearyPTBOhttps://facebook.com/mitchcleary.realestate/https://instagram.com/mitchcleary.realestate/Subscribe to my Youtube Channel! Mitch Cleary PTBO:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?sub_confirmation=1Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

The spring market is here and so far buyer demand seems to be keeping pace in the tail end of March. Also, recent government announcements might make for some interesting housing headlines in the near future. These points and the usual topics of discussion in our 4th episode of "The Small Town Housing Show"!Connect with Mitch:Mitch.cleary@c21.cawww.kamarcleary@c21.cahttps://twitter.com/MitchClearyPTBOhttps://facebook.com/mitchcleary.real...https://instagram.com/mitchcleary.rea...Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca

Mid way into March, it seems the the recent trends from the GTA have made their way here. Less showings, less offers, and some properties starting to sell for less than what they would have just several weeks ago. This week we discuss if this trend here to stay for the spring season, how the last 7 days played out in Peterborough Real Estate, keep and eye on our major macro economic news headlines, and check in with the most recent buyer and seller outlooks!Find Mitch:Website: http://thekamarclearyteam.c21.caEmail: mitchcleary@century21.caFacebook: https://facebook.com/mitchcleary.realestate/Instagram: https://instagram.com/mitchcleary.realestate/Twitter: https://twitter.com/MitchClearyPTBOSUBSCRIBE TO YOUTUBE CHANNEL:https://www.youtube.com/channel/UCHLzAe3Z0k_PyVEM1NhKmiA?Connect with me with the links below:My WebsiteYouTube TwitterInstagramFacebookOr email me at mitch.cleary@century21.ca