Quinte, On. real estate agent: Not Everybody is Downsizing.

Not Everybody is Downsizing.

When it comes to real estate, we seem to pay a lot of attention to trends. It makes a lot of sense. Home buyers want to ensure that the home they are buying will retain its value, and what's more valuable than something that's in demand? Trends seem to determine what is in demand and what isn't.

Real estate professionals also keep an eye out for trends. It helps us determine where we should concentrate our efforts. Our paycheques depend on this.

It seems to me that the zeitgeist of this particular real estate era centres around the concepts of downsizing and simplifying. This is pretty natural since the North American population is aging and a great number of people are experiencing financial uncertainty. It's also pretty trendy in a Zen sort of way to have the desire to carry less burdens on our shoulders.

This isn't true of everybody though. I come across a lot of people in the Quinte area who have done the exact opposite. Some are refugees from the busy Toronto and Ottawa lifestyles. While they relish the slower pace of life here, they are also positively delighted at how much further their real estate dollars can go in this area. They had no desire to buy a smaller home, in fact, they often buy a much larger home and many of them are enjoying their large country lots or wilderness acreage that they could easily afford with the equity they had accumulated in their Toronto or Ottawa homes. You can often see them grinning from ear to ear sitting atop their riding lawnmowers doing a terrible job of cutting their lawns. More time, more toys.

One of the benefits of this area is that Toronto is only a 90 minute drive down the 401, so they don't feel cut off from their previous social lives. These people are getting the best of both worlds. This area is well known for its multitude of recreational activities as well as many trendy small town businesses and organizations. Buying a dream home to retire to doesn't necessarily mean  buying a smaller house or a condo in some bland section of a large city, it can often mean buying a larger home to expand into while still minimizing financial obligations.

If the thought of living in a smaller home or condo does not appeal to you, take heart, you can still downsize your monthly payments while expanding your lifestyle. Just check out the real estate market in the Quinte area.

Comment balloon 11 commentsMalcolm Johnston • January 12 2012 04:49PM

Comments

Hi Malcolm,

The Quinte region is an excellent area to retire to. My parents live there and quite enjoy the slower pace of life. My Dad doesn't know how we (my brothers and I) can stand dealing with the traffic congestion in the GTA every day.

BTW, where did you ever get such an interesting photo?

Jo

Posted by Jo-Anne Smith almost 7 years ago

Hi Jo,  great to see you here on AR after such a long time.  I don't know how you guys cope with the congestion down there, it would drive me nuts having to live through that daily.  As for the photo.....ummmm, I'm not telling.

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) almost 7 years ago

Maloclm, you are quite the card... I am assuming that is your wife's lipstick, or was it a magic marker?

 

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) almost 7 years ago

What an awesome campaign for moving to Quinte. Big is better obviously. Was it lipstick or permanent marker?

Posted by Ellie McIntire, Luxury service in Howard County & Catonsville (Ellicott City Clarksville Howard County Maryland Real Estate) almost 7 years ago

Ummm...thanks so much for this...now I am gonna have that image in my  head all day long LOL!

Posted by Kristin Johnston - REALTORĀ®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) almost 7 years ago

Malcolm,

Yes, it's a great area. I just wish it was close enough bto commute everyday.

Brian

Posted by Brian Madigan, LL.B., Broker (RE/MAX West Realty Inc., Brokerage (Toronto)) almost 7 years ago

Okay Malcolm, so sorry, we are laughing so hard at that photo and your heading that we will have to come back to read and comment!  THAT is just too funny!

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) almost 7 years ago

Nice...I guess it gets kinda cold in Trenton so you had to keep your sweater on...wait, what?

Posted by Karen Hawkins, MBA - Langley & Surrey, BC (Royal Pro Real Estate Network) almost 7 years ago

Malcolm, love your self portrait! It is amazing how moving to another area can completely change the type of home you can afford.

Posted by Janice Ankrett, Staging Professional (Janice Ankrett Home Staging) almost 7 years ago

All real estate professionals need to be alert for trends in their markets. In Maryland, we are still seeing much investor activity as they build their rental portfolios.

Have a great week and be sure to have your camera in hand to capture those special moments.

Dahlias at Brookside Gardens IMG_5826

 

Photograph by Roy Kelley

Roy and Dolores Kelley Photographs

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) almost 7 years ago

Malcolm - The photo captured my attention but your idea of downsizing the house payment while living a bit larger is sure to be popular with growing families.

Posted by Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A. (Charlemagne International Properties) almost 7 years ago

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