Collingwood, Ontario, is experiencing a surge in new home developments, offering a variety of living options that cater to diverse lifestyles. This page highlights three notable projects: Collingwood Quay, Royal Windsor, and Reverie Collingwood. If you are interested in any of these developments, please contact us at 705-999-7511.

Collingwood Quay

Description:

Collingwood Quay is an upcoming boutique condominium development by Fram + Slokker, strategically located at the intersection of Heritage Drive and Side Launch Way. This six-storey building will feature a total of 101 modern residences, offering a blend of one, two, and three-bedroom units. The design, crafted by Giannone Petricone Associates, emphasizes contemporary aesthetics while integrating seamlessly with the picturesque waterfront setting.

Build Plans and Floor Plans:

The building will showcase a variety of floor plans designed to maximize space and comfort. Each unit will feature open-concept layouts with high-end finishes, large windows for natural light, and private balconies or terraces that provide stunning views of the surrounding area.

Pricing:

Pricing details are currently available upon inquiry as the project is in the pre-construction phase. Interested buyers can register for updates on pricing and availability.

Amenities:

Residents of Collingwood Quay will enjoy:

• Proximity to downtown Collingwood's vibrant lifestyle, including shops, restaurants, and cultural attractions.
• Access to scenic waterfront promenades for walking or biking.
• A planned rooftop terrace with panoramic views.
• State-of-the-art fitness facilities and communal lounges designed for social gatherings.

This development promises to redefine luxury living in Collingwood by offering an unparalleled combination of modern design and convenient location. 

Royal Windsor

Description:

Royal Windsor is part of the esteemed Balmoral Village community, known for its focus on adult lifestyle living. This low-rise condominium project features five levels and offers 132 beautifully designed one and two-bedroom units. The architecture reflects a commitment to quality and modern design, appealing to those seeking both comfort and elegance.

Build Plans and Floor Plans:

The Royal Windsor condos will feature spacious open-concept layouts ranging from approximately 660 sq. ft. to 1,900 sq. ft. Each unit will be equipped with luxury finishes, branded appliances, and large windows that enhance the living experience.

Pricing:

Detailed pricing information is available by contacting the Greg Syrota Real Estate Team. 

Amenities:

Key amenities include:

• An exclusive Royal Windsor Fitness Club.
• A community lounge space for social events.
• A rooftop terrace with outdoor seating.
• Access to a 20,000 sq. ft. Medical/Wellness Centre planned for the community.
• Nearby recreational facilities including golf courses and hiking trails.

Located near Blue Mountain and Collingwood Harbour, residents will enjoy easy access to outdoor activities as well as local dining and shopping options

Written by Tim Ward, Mortgage Broker

Did you know? March is Fraud Awareness Month, making it the perfect time to learn how to protect yourself and your mortgage from fraud. Understanding common mortgage scams and how to recognize warning signs can make all the difference in safeguarding your financial well-being.

Common Mortgage Fraud Scams

One of the most frequent types of mortgage fraud involves a fraudster acquiring a property and artificially inflating its value through a series of sales and resales. They then secure a mortgage based on the inflated price, leaving lenders and buyers at risk.

Red Flags to Watch For

Be cautious if you encounter any of the following:

• Someone offers you money to use your name and credit to obtain a mortgage.
• You’re encouraged to provide false information on a mortgage application.
• You’re asked to leave signature lines or other sections of your mortgage application blank.
• A seller or investment advisor discourages you from inspecting the property before purchase.
• The seller or developer offers a rebate on closing that isn’t disclosed to your lender.

Title Fraud: A Costly Scam

Another major concern is title fraud, which is a form of identity theft. This occurs when a fraudster, using false identification, forges documents to transfer your property into their name. They then take out a new mortgage on your home, collect the funds, and disappear—leaving you to deal with the consequences when your lender starts foreclosure proceedings.

How to Protect Yourself from Title Fraud

🛡️ Always visit the property you’re purchasing in person.
🛡️ Compare local listings to ensure the asking price is reasonable.
🛡️ Work with a licensed real estate agent.
🛡️ Be cautious of realtors or mortgage professionals with a financial stake in the deal.
🛡️ Request a copy of the land title or conduct a historical title search.
🛡️ Include a professional appraisal in the offer to purchase.
🛡️ Require a home inspection to check for hidden issues.
🛡️ Ask for receipts for recent renovations to verify legitimacy.
🛡️ Ensure your deposit is held in trust for added security.
🛡️ Consider title insurance—the best time to get it is before fraud occurs, not after.

Stay Vigilant and Take Action

Fraud can have devastating financial consequences, but staying proactive and informed is your best defense. If you suspect fraudulent activity, act quickly—report it to the authorities and take steps to protect your assets.

Knowledge is power, and by staying alert, you can keep your mortgage and finances secure.

Monitoring your credit report can also help stay ahead of any fraud activity pertaining to identity theft.

Tim Ward Mortgage Broker   705-351-2284 [email protected] www.wardmortgage.ca     The Mortgage Centre - Hometown Financial #13028 Each Mortgage Centre is Independently Owned & Operated

Written by Tim Ward, Mortgage Broker

One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans - such as a second mortgage.

A second mortgage refers to an additional or secondary loan taken out on a property for which you already have a mortgage. Some advantages include the ability to access a large loan sum, better interest rates than a credit card and the ability to use the funds how you see fit. However, keep in mind interest rates are typically higher on a second mortgage versus refinancing and can add additional cash flow tension to your monthly bills. Talk to a mortgage professional today to determine if this is the best option for you!

What is a second mortgage?
First things first, a second mortgage refers to an additional or secondary loan taken out on a property for which you already have a mortgage. This is not the same as purchasing a second home or property and taking out a separate mortgage for that. A second mortgage is a very different product from a traditional mortgage as you are using your existing home equity to qualify for the loan and put up in case of default. Similar to a traditional mortgage, a second mortgage will also come with its own interest rate, monthly payments, set terms, closing costs and more.

Second mortgages versus refinancing
As both refinancing your existing mortgage and taking out a second mortgage can take advantage of existing home equity, it is a good idea to look at the differences between them.

Firstly, a refinance is typically only done when you're at the end of your current mortgage term so as to avoid any penalties with refinancing the mortgage. The purpose of refinancing is often to take advantage of a lower interest rate, change your mortgage terms or, in some cases, borrow against your home equity.

When you get a second mortgage, you are able to borrow a lump sum against the equity in your current home and can use that money for whatever purpose you see fit. You can even choose to borrow in installments through a credit line and refinance your second mortgage in the future.

Some key things to note when looking at a second mortgage or refinancing:

• If you have a favorable interest rate on your first mortgage, a second mortgage allows you to keep the lower rate on your primary loan, resulting in a lower blended rate.
• Refinancing resets the amortization schedule, which could extend the loan term. A second mortgage leaves the existing term intact, helping you stay on track with your overall financial goals.
• Second mortgages often come with more flexible terms, such as interest-only payments, fully open, or shorter term, which can suit your immediate needs.

What are the advantages of a second mortgage?
There are several advantages when it comes to taking out a second mortgage, including:

• Homeowners can access a significant portion of their home equity (typically 80%-85% LTV).
• Better interest rate than a credit card as they are a ‘secured’ form of debt.
• You can use the money however you see fit without any caveats.
• Allows you to access your home equity without breaking your existing mortgage and incurring penalty fees.

What are the disadvantages of a second mortgage?
As always, when it comes to taking out an additional loan, there are a few things to consider:

• Interest rates tend to be higher on a second mortgage than refinancing your mortgage.
• Additional financial pressure from carrying a second loan and another set of monthly bills.

Before looking into any additional loans, such as a secondary mortgage (or even refinancing), be sure to reach out to me!

Regardless of why you are considering a second mortgage, it is a good idea to get a review of your current financial situation and determine if this is the best solution before proceeding.

Tim Ward Mortgage Broker   705-351-2284 [email protected] www.wardmortgage.ca     The Mortgage Centre - Hometown Financial #13028 Each Mortgage Centre is Independently Owned & Operated

Written by Tim Ward, Mortgage Broker

It’s a new year and as we gear up for the upcoming Spring season, it is a good idea to take a look at the market outlook and what we are expecting to see around housing sales, prices, interest rates, and how these current conditions affect buyers versus sellers!

Let’s dive into the Canadian Real Estate Association Forecast and more:

National Trends

• Housing Sales: National home sales are expected to increase by 6.6% in 2025, reaching approximately 499,800 units as interest rates continue to decline, drawing buyers back into the market. This follows a modest 5.2% increase in 2024.
• Housing Prices: On a national level, Canada’s housing market is expected to see a 4.4% increase in home prices in 2025, reaching an average of $713,375. This follows a more modest 0.9% increase in 2024. The national growth is tempered by regional differences, with areas like Toronto and Vancouver seeing higher price levels due to ongoing demand, while more affordable regions like Quebec may see more moderate growth.
• Rising Demand: Canada’s housing market remains competitive, with demand continuing to rise in urban centers and suburban areas due to factors like population growth, economic recovery, and strong immigration.
• Interest Rates: The Bank of Canada’s policy on interest rates continues to play a central role in shaping the housing market. While rates were higher through 2023 and part of 2024, they are expected to continue declining in 2025, which should ease affordability constraints and encourage more buyer activity.

Regional Highlights

Greater Toronto Area (GTA)

• Housing Prices: The average home price in the GTA reached $1,135,215 in October 2024, reflecting a 0.8% increase year-over-year and 2.5% monthly growth. The City of Toronto itself saw a 3.4% increase, signaling continued demand despite higher prices. Areas like Mississauga and Brampton show mixed price trends, with Mississauga seeing a slight decline of 2.2% year-over-year, while Brampton experienced a 2.0% increase. These fluctuations reflect demand in more affordable areas within the GTA.
• Rising Demand: Toronto remains one of Canada’s most sought-after markets, driven by its status as a global financial hub and growing tech sector. Suburbs like Mississauga, Brampton, and York Region are seeing rising interest as buyers seek more affordable options. Ontario's strong job market and immigration influx contribute to population growth, further boosting demand. While some cooling has been seen due to high home prices, the overall demand remains robust, especially for entry-level homes.
• Interest Rate Impact: Rates are expected to decrease into 2025 increasing buyer demand. Despite higher rates over the last two years, Toronto remains a seller’s market in many areas, though buyers will benefit from more favorable conditions as rates decline.

Greater Vancouver

• Housing Prices: Vancouver has experienced a slight decline in average home prices, down 0.2% year-over-year in 2024, with prices hovering around $1,250,329. However, Vancouver remains one of Canada's priciest markets, and some recovery is expected as the market adjusts. While the downtown core sees slower price growth, suburban areas in the Lower Mainland, such as Richmond and Surrey, continue to see moderate price increases, as these areas offer better affordability and space.
• Rising Demand: Vancouver’s appeal remains strong for both domestic buyers and international investors, particularly in tech, entertainment, and natural resources sectors. Despite price stagnation, demand continues for detached homes and more spacious properties as residents seek to balance living costs with quality of life. Vancouver also benefits from significant immigration, and the city continues to diversify economically, drawing both residents and investors who are fueling demand in the housing market.
• Interest Rate Impact: Like Toronto, Vancouver has been affected by the Bank of Canada’s interest rate hikes, which have increased borrowing costs and cooled market activity. The rate hikes have caused some slowdown, but the region is expected to see a modest recovery in 2025 with interest rate cuts. As rates decline, Vancouver may experience more balanced market conditions, with higher demand for detached homes in suburban areas and some recovery in the more expensive core areas.

Quebec:

• Housing Prices: The province has seen steady growth in home prices, with Montreal, in particular, experiencing an 8.9% year-over-year price increase as of October 2024, reaching an average home price of $630,063. While Quebec’s growth is generally more moderate compared to Ontario and British Columbia, the relative affordability of homes in many areas still offers opportunities for buyers compared to more expensive regions like Toronto or Vancouver.
• Rising Demand: Montreal’s job market, particularly in technology and aerospace, continues to attract young professionals, which fuels housing demand. The province also benefits from ongoing immigration, contributing to population growth, which supports housing demand.
• Interest Rate Impact: Like the rest of Canada, Quebec will see easing interest rates in 2025, which should help to bolster market activity. However, since prices have risen significantly over the past decade, some buyers in Quebec, particularly first-time buyers, may still face affordability challenges, albeit less severe than in major cities like Toronto.

Expectations for Buyers

1. Affordability Challenges: While interest rates are expected to decline gradually, the impact of high housing prices in major cities like Toronto and Vancouver will still be a challenge for many buyers. However, some relief is anticipated as lower rates could ease monthly mortgage payments.
2. Opportunity in the Suburbs: Suburban areas are projected to see more price stability and may be more attractive to first-time buyers and those looking for better value for money. Areas like Mississauga, Brampton, and Ottawa are seeing mixed price changes, making them viable alternatives to the high-cost core regions.
3. More Inventory: A growing number of homes available for sale could give buyers more choice, but competition may still exist in certain markets due to demand returning as rates ease.

Expectations for Sellers

1. Tight Timing: Sellers in 2025 will likely benefit from a surge in demand in the spring and summer, driven by the stabilization or decline of interest rates. However, selling in a market with increased inventory may require competitive pricing.
2. Realistic Pricing: With the market expected to shift towards more buyer-friendly conditions, sellers will need to adjust expectations and price their homes carefully. Those listing too high might face longer waiting periods.
3. Stronger Negotiation Power in Suburbs: Sellers in high-demand, low-inventory areas (especially in suburban regions) may still enjoy more favorable conditions and could see prices rise or remain stable.

Key Takeaways for 2025

1. Recovery Driven by Rate Cuts: Declining interest rates are anticipated to accelerate both sales activity and price growth in the latter half of 2025.
2. Regional Disparities: While Vancouver and Toronto remain expensive, other regions like Montreal and Ottawa offer growth potential due to relative affordability and robust economic conditions.
3. Inventory and New Construction: Higher inventory levels may moderate price increases in some areas, but affordability concerns and economic factors will shape regional market dynamics.

Overall, 2025 will likely be a year of transition with benefits to both buyers and sellers as the market continues to stabilize.

Looking to purchase or renew your mortgage this year? Don’t hesitate to reach out to me!

Tim Ward Mortgage Broker   705-351-2284 [email protected] www.wardmortgage.ca     The Mortgage Centre - Hometown Financial #13028 Each Mortgage Centre is Independently Owned & Operated

Collingwood, Ontario, is experiencing a surge in new home developments, offering a variety of living options that cater to diverse lifestyles. This page highlights three notable projects: Collingwood Quay, Royal Windsor, and Reverie Collingwood. If you are interested in any of these developments, please contact us at 705-999-7511.

Collingwood Quay

Description:

Collingwood Quay is an upcoming boutique condominium development by Fram + Slokker, strategically located at the intersection of Heritage Drive and Side Launch Way. This six-storey building will feature a total of 101 modern residences, offering a blend of one, two, and three-bedroom units. The design, crafted by Giannone Petricone Associates, emphasizes contemporary aesthetics while integrating seamlessly with the picturesque waterfront setting.

Build Plans and Floor Plans:

The building will showcase a variety of floor plans designed to maximize space and comfort. Each unit will feature open-concept layouts with high-end finishes, large windows for natural light, and private balconies or terraces that provide stunning views of the surrounding area.

Pricing:

Pricing details are currently available upon inquiry as the project is in the pre-construction phase. Interested buyers can register for updates on pricing and availability.

Amenities:

Residents of Collingwood Quay will enjoy:

• Proximity to downtown Collingwood's vibrant lifestyle, including shops, restaurants, and cultural attractions.
• Access to scenic waterfront promenades for walking or biking.
• A planned rooftop terrace with panoramic views.
• State-of-the-art fitness facilities and communal lounges designed for social gatherings.

This development promises to redefine luxury living in Collingwood by offering an unparalleled combination of modern design and convenient location. 

Royal Windsor

Description:

Royal Windsor is part of the esteemed Balmoral Village community, known for its focus on adult lifestyle living. This low-rise condominium project features five levels and offers 132 beautifully designed one and two-bedroom units. The architecture reflects a commitment to quality and modern design, appealing to those seeking both comfort and elegance.

Build Plans and Floor Plans:

The Royal Windsor condos will feature spacious open-concept layouts ranging from approximately 660 sq. ft. to 1,900 sq. ft. Each unit will be equipped with luxury finishes, branded appliances, and large windows that enhance the living experience.

Pricing:

Detailed pricing information is available by contacting the Greg Syrota Real Estate Team. 

Amenities:

Key amenities include:

• An exclusive Royal Windsor Fitness Club.
• A community lounge space for social events.
• A rooftop terrace with outdoor seating.
• Access to a 20,000 sq. ft. Medical/Wellness Centre planned for the community.
• Nearby recreational facilities including golf courses and hiking trails.

Located near Blue Mountain and Collingwood Harbour, residents will enjoy easy access to outdoor activities as well as local dining and shopping options

Reverie Collingwood

Description:

Reverie by Reid's Heritage Homes is a luxurious townhome community situated amidst the breathtaking landscapes of Collingwood. This development emphasizes a tranquil lifestyle while providing easy access to outdoor adventures in the Blue Mountains area. The homes are designed to reflect timeless elegance with classic architectural features.

Build Plans and Floor Plans:

Reverie offers various bungalow townhome designs featuring two bedrooms and two bathrooms, with sizes ranging from approximately 1,215 to 1,187 sq. ft. Each home will include upscale finishes such as chef-inspired kitchens, spacious living areas, and private outdoor spaces perfect for relaxation or entertaining.

Pricing:

Pricing details are available upon request as the project is in preconstruction stages.

Amenities:

Residents can expect:

• Proximity to skiing at Blue Mountain Resort.
• Access to public and private golf courses.
• Nearby attractions including The Scandinave Spa for relaxation.
• Customizable design options allowing buyers to select materials and finishes that suit their personal style.

Reverie aims to create a community where luxury meets nature, providing residents with a serene environment ideal for both leisure and adventure.

As we step into the new year, many people set resolutions centred around healthy living and eating. If you’re in Southern Georgian Bay, you’re in luck! This beautiful region offers a plethora of gyms, wellness centres, and healthy dining options to help you achieve your wellness goals. Here’s a comprehensive guide to kickstart your healthy lifestyle this year.

Cafe's & Restaurants

Press Market

• Location: 104A-10 Keith Ave, Collingwood
  Press Market is a healthy organic café that focuses on local and organic ingredients. The café offers a diverse menu featuring cold-pressed juices, smoothies, salads, rice bowls, and vegetarian options like veggie burgers. They also provide gluten-free desserts and a selection of retail items including local teas and handmade organic products. 

Sol Kitchen

• Location: 19 Hurontario Street, Collingwood
  Known for its organic menu featuring locally sourced ingredients, Sol Kitchen offers a vibrant atmosphere and health-conscious meals for breakfast, lunch, and dinner.

The Curly Willow Eatery

• Location: 141 Pine St, Collingwood, ON
  A local eatery known for its delicious vegetarian options like black bean veggie burgers in an intimate setting.

Spa's & Wellness Centres

Scandinave Spa

Located minutes from downtown Collingwood & Blue Mountain Resort, Scandinave Spa is the perfect self-care day with a serene and tranquil experience. The award-winning Scandinave Spa Blue Mountain offers the unique Thermal Baths experience and relaxing Massage Therapy treatments. They often have great promotions to build a package that includes access to their outdoor baths, saunas, and steam rooms. 

Website

152 Grey Road 21, The Blue Mountains

IWA Spa

Iwa Spa is a full service wellness spa, based in Blue Mountain Village. The spa offers a wide range of wellness inspired services, creative spa packages, a boutique with amazing products, and a truly one of a kind yoga practice in the warm volcanic rock studio (Ganban-yoku).  Their vision at iwa is to Inspire Wellness Always ( I.W.A) – They do that with every interaction their guests have with the spa, from their unique jinbei robes, custom blended lotions, and to how the welcoming and friendly staff make you feel. 

Website

234 Gord Canning Drive, The Blue Mountains

Living Shore Spa

Living Shore Spa, located in Collingwood is the perfect day of relaxation. Their full-service spa has the area’s only Aquapath™, as well as traditional spa treatments. Living Shore Spa provides spa treatments such as relaxation massages, facials, body treatments, manicures and pedicures.

Website

9 Harbour Street East, Collingwood

Cedar and Sage

Cedar and Sage brings a unique and multifaceted health and wellness approach to the town of Collingwood. By offering registered massage, yoga, float therapy, and acupuncture, they are the only facility to bring these new forms of relaxation, rehabilitation and preventative care - all under one roof - to our community.

Website | Services

10-20 Balsam Street, Collingwood

Everlove Healing & Yoga

Everlove is more than just a physical space, it's a living, breathing, thriving community. Everlove creates a space so safe and inspiring, it ignites our community to get closer to the highest articulation of themselves.They offer a variety of classes and services that all focus around wellness. Experience movement such as yoga, pilates, barre and hiit classes, and heal with a message, facial and movement therapy.

Website | Services

136 St. Paul Street Collingwood

Vortex Wellness Studio

Vortex Wellness Studio is a unique facility where technology meets mindfulness, Vortex offers private wellness sessions that focus on self-care and mental well-being. Visitors can engage in unique treatments such as vibroacoustic sessions, red light therapy, and infrared saunas, all aimed at reducing stress, boosting energy, and promoting recovery with each session lasts between 10 to 60 minutes. 

Website

Gyms

Northwood Club

Northwood is a premium fitness and lifestyle club that features state-of-the-art equipment, small group fitness classes (including Spin, Pilates, Yoga, and Circuit training), and premium amenities such as a sauna and towel service. They offer personalized training programs tailored to individual goals.

Website

F45 Training Blue Mountain 

F45 offers functional group fitness classes designed for all body types. With over 80 workouts available, it provides a dynamic environment that focuses on teamwork and motivation.

Website

MVMT Fitness

This niche functional movement gym aims to inspire healthy lifestyles both in and out of the gym. MVMT Fitness offers various group fitness classes with scalable programming to accommodate all abilities.

Website