Welcome to Southern Georgian Bay Carriage Trade Properties

The southern Georgian Bay region is renowned for its natural beauty, the Niagara Escarpment, crystal clear blue water, the world’s longest freshwater beach and unparalleled recreational amenities from boating to private ski clubs and world class golf courses. The regions has been recognized as one of Canada’s premier four season recreational playgrounds offering the coveted lifestyle sought by many luxury home buyers seeking the relaxed sophistication reflected in the ultimate recreational property or full time retirement residence.

Real estate Broker Rick Crouch with Royal LePAGE Locations North (Brokerage) represents discriminating buyers and sellers in their quest to buy or sell the area's premium properties in Collingwood, Wasaga Beach, the Blue Mountains, Grey Highlands and Clearview.

Wednesday, February 5, 2014

The Luxury Segment Is The Main Driver For Economic Growth

From time to time we have all heard and probably lamented over the old sayings “…. the rich get richer” or “the haves versus the have-nots.” Due to sweeping economic changes like reductions in the North American manufacturing sector etc., the middle class appears to indeed be shrinking.  If anyone doubts this trend, the New York Times just ran an interesting article attesting to this and while it speaks to the U.S. let’s face it, we are pretty much cut from the same cloth here in Canada.

  One only needs to look at our own local economy which has changed dramatically in recent years with many of our manufacturers closing their doors only to have those higher paying jobs replaced by minimum wage retail or service sector employment.  Not surprising we are not alone in this situation as across Canada and the U.S. those businesses that cater to “middle-of-the-road” consumers ie: retailers such as Sears are struggling while high end stores like Saks Fifth Avenueand Neiman Marcus are flourishing and for the first time, are moving into Canada staking their claim of the growing high end retail sector in this country.  

  As further reported in the New York Times article, General Electric is experiencing a significant growth in sales of its Cafe´ upper end appliance line.  Whether or not they actually cook is irrelevant.  Affluent Buyers or those building a luxury property obviously want and are prepared to pay for high-end appliances with features like double ovens, hot water dispensers and more.  This fact relates back to my prior post wherein I stated luxury properties need to have the requisite amenities such as these in order to both attract a high net work buyer as well as to substantial your asking price.  I have found that among affluent Buyers, quality has now become more important than quality.  A 6,000 or 7,000 square foot home with middle of the road features, finishes and amenities will not command the same level of interest as a 4,000 square foot residence that has been superbly finished and contains the latest in high tech features.  
How does your home stack up?  

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