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Appraisal Time Bombs
Homeowners get appraisals done all the time and, kind of like the guests in the Antiques Road Show, there is a certain fun and excitement about finding out what a professional appraiser thinks your property is worth. And when it comes to the number . . . shouldn’t you want the highest number possible to…
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Whats Up, Thunder Bay?
Home Prices! As the season for home sales is winding down for the year it’s not a bad time to review what happened in Thunder Bay housing markets. And I’m still surprised. Based on Thunder Bay realtor sales statistics, the median home price (more about that “median” later) jumped from about $340k in 2023-24 to…
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Thoughts about Current Market Values in the Region
2025 has brought surprisingly strong demand for homes across the market, with both lower end and higher end homes seeing a significant year over year increase, in the order of 10% above 2024 prices. Leaving aside the rural areas for a moment the range of prices we are seeing for single family homes in the…
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