Thursday, March 31, 2011
Things I love about Caledon: King’s College School:
I’ve made my home in Caledon for the past twelve years and I’m always discovering something new. We are a community of creative and energetic people, so you never know what your neighbours are up to. Just recently I discovered a hidden gem that deserves to be brought to light. King’s College School is a small but mighty private day school in Caledon East, whose students are already making a mark on the world. Founded in 1994 by a mother who wanted more for her children than the public school system was offering, the school now can accommodate up to 40 students, grades 3 to 12, with a teacher/student ratio of 1 to 5. To date, every graduate has found a placement in the university of his or her choice. But academic excellence is only part of the school’s mandate. Barbara Lord and her co-director, John Eta, feel strongly that students should be educated to develop leadership skills and to understand the social contributions they can make in their community, the workplace, and the global village. Locally this takes the form of participation in environmental events and inviting local Caledon leaders to speak to students. On the world stage, the role of the school has been remarkable! In 2004 senior students decided to send a collection of books to Kumba, Cameroon, to start a reading room for children there. A year later several students, faculty and parents travelled to Cameroon to see where the books had gone. They were so moved by the spirit of the people of the country that they came home and started fundraising to build a school there. Eta Colleges Kumba is now a thriving institution, with ongoing support from the King’s College School community. Can you imagine what kind of impact King’s College School is having on their students?! If you’d like your child to share this experience, contact the school at 905-880-7645 or visit their website at www.kingscollegeschool.ca.
Monday, March 14, 2011
Caledon Real Estate Market Report – Winter 2010-11
Winter is almost over and the Spring real estate market is heating up. I’ve been tracking three different categories of homes sold in Caledon over the past three quarters, each with its own characteristics. Not surprisingly, the rate of turnover of country properties is a lot slower than in Caledon’s urban centres.
Since December 1, 2010 thirty-four homes have changed hands in the hamlets and country estates. These range from a former church in Alton that sold for $185,000 to a fabulous country estate in northwest Caledon that sold for $15 million! There are currently 130 such homes available, or enough to last for more than a year at the current rate of absorption – so it’s very much buyer’s choice! If you’d like a house in the country, the homes available range from $249,900 to $5,449,000, with a median price of $633,500, virtually unchanged from a year ago.
In town, the median price for a detached home in Bolton, Caledon East, Valleywood and Inglewood is also virtually unchanged from a year ago, at $449,000. This is the category which has seen the most activity, with 52 homes changing hands over the winter months and sale prices ranging from $299,900 to $880,000. There are currently 50 homes available in this category, which represents a three-month supply. This is considered to be a balanced market, so both buyers and sellers can expect to negotiate a fair deal.
Townhouses and semi-detached homes is the category that has seen the greatest change in market value. Most of these are in Bolton, although there are a few in Caledon East. Last year at this time the median value of a home in this category was $326,500. This winter, with 25 sales, it was $345,000, as increase of 5.67%! Homes currently available range from $312,000 to $459,000. It is becoming rare to find a home listed for less than $300,000 in Bolton. There is currently less that a three month supply of homes in this category, so turnover is high.
There are lots of buyers looking for the right home, so if you’ve been thinking about placing your on the market, I’ll be glad to meet with you to get the process started. Feel free to give me a call!
Since December 1, 2010 thirty-four homes have changed hands in the hamlets and country estates. These range from a former church in Alton that sold for $185,000 to a fabulous country estate in northwest Caledon that sold for $15 million! There are currently 130 such homes available, or enough to last for more than a year at the current rate of absorption – so it’s very much buyer’s choice! If you’d like a house in the country, the homes available range from $249,900 to $5,449,000, with a median price of $633,500, virtually unchanged from a year ago.
In town, the median price for a detached home in Bolton, Caledon East, Valleywood and Inglewood is also virtually unchanged from a year ago, at $449,000. This is the category which has seen the most activity, with 52 homes changing hands over the winter months and sale prices ranging from $299,900 to $880,000. There are currently 50 homes available in this category, which represents a three-month supply. This is considered to be a balanced market, so both buyers and sellers can expect to negotiate a fair deal.
Townhouses and semi-detached homes is the category that has seen the greatest change in market value. Most of these are in Bolton, although there are a few in Caledon East. Last year at this time the median value of a home in this category was $326,500. This winter, with 25 sales, it was $345,000, as increase of 5.67%! Homes currently available range from $312,000 to $459,000. It is becoming rare to find a home listed for less than $300,000 in Bolton. There is currently less that a three month supply of homes in this category, so turnover is high.
There are lots of buyers looking for the right home, so if you’ve been thinking about placing your on the market, I’ll be glad to meet with you to get the process started. Feel free to give me a call!
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