06/10/2026
At this time, RE/MAX By The Bay Brokerage is pleased to share Real Estate Market Reports for the month of May 2026. Information is provided for the following areas: Wasaga Beach, Collingwood, Clearview, Blue Mountains, Meaford, Tiny Township, Penetanguishene, Midland, and Georgian Bay Township.
The provided reports are based on the available information as reported to the PropTx MLS System (using Matrix) in Ontario. Percentage differences, in particular in the smaller markets, can be skewed due to so few unit sales in the reported period, and market trends that are concluded in the larger markets, such as Collingwood and Wasaga Beach, help confirm a more accurate synopsis of the greater Southern Georgian Bay area as a whole.
General Observations:
In May 2026, there were a total of 221 residential and condominium unit sales (excluding vacant land and farms) reported in Southern Georgian Bay (Wasaga Beach, Collingwood, Clearview, Blue Mountains, Meaford, Tiny Township, Penetanguishene, Midland, and Georgian Bay Township). The number of sold units is down -18% from the previous year (268 Unit Sales in April 2025). And by the same comparison, the total number of residential and condominium units sold "year-to-date" is down by -5% (855 unit sales in 2025 versus 813 unit sales in 2026). This is a decrease of forty-two (42) unit sales combined at the end of May, based on the nine (9) different municipalities included in this review.
However, it is important to note that although the overall unit sales in the area are down year-over-year, the larger municipalities of Collingwood, Wasaga Beach, and Midland have all increased in 2026 compared to 2025. Collingwood is currently up by +5%, Wasaga Beach +4%, Tiny +7%, Midland +7%, and Georgian Bay Township is on par with last year (19/19).
Townships with decreased year-over-year sales in 2026 are the Blue Mountains (-3%), and a significant decrease in Meaford (-44%), Clearview (-36%), and Penetang (-29%), which is statistically affecting the overall average for the area.
If we look at the bottom horseshoe of the Nottawasaga Bay West (Blue Mountains, Collingwood, Wasaga Beach, the average number of unit sales in 2026 over 2025 is an increase of +2% at this time (498 vs 513 = +15 unit sales).
Real Estate Values:
Based on the 12-month average sales price of a residential unit (excluding vacant land and farms) reported to the multiple listing service (MLS), included herewith is a summary of value fluctuations in Wasaga Beach and Collingwood year-to-date (January 1, 2026, to May 31, 2026):
Wasaga Beach
$697,486 in May 2026
Up +2.8% from $678,217 in April 2026 (last month)
Down by -1% from $705,000 in May 2025 (-$7,514 from last year).
Collingwood
$878,500 in May 2026
Up +1.2% from $868,222 in April 2026 (last month)
Down by -7% from $941,377 in May 2025 (-$62,877 from last year).
The 2026 year-to-date total value adjustment in comparison to 2025 in Southern Georgian Bay (Wasaga Beach, Collingwood, Clearview, Blue Mountains, Meaford, Tiny Township, Penetanguishene, Midland, and Georgian Bay Township) is on average down -4.73%.
How's the Market?
With increased standing inventory, the market remains a great time for buyers to make a purchase. This, along with reasonable interest rates, few competing offers, and the purchaser's ability to negotiate a fair price, terms, and conditions.
For the majority of municipalities in Southern Georgian Bay, there has been a noticeable increase in both showing activity and reported unit sales in both April and May. In particular, in the second half of April to the present time. The spring market has been active with reported sales; however, the increase in yard signs turning to SOLD has helped encourage an increase in more FOR SALE signs. The area has witnessed an increase in both sales and inventory, which has left the absorption rate still at a challenging ratio for the majority of sellers in the market. For example, in the month of May, there was a total of 67 residential sales in Wasaga Beach; however, there was still a total of 694 active listings for sale at the end of the month. Approximately 10% of sellers completed a sale, and 90% of listings remained active entering June. The reality of the market continues to conclude that there is, unfortunately, not a buyer in the market for every home that is being offered for sale. This can naturally add to the number of days on market for listings and requires seller patience to connect with the right buyer.
The current absorption rates in Southern Georgian Bay are as follows (sales/inventory):
Wasaga Beach 9.7% (67 sales / 694 listings)
Collingwood 13.2% (46 sales / 349 listings)
Blue Mountains 8.2% (28 sales / 343 listings)
Meaford 7.7% (10 sales / 130 listings)
Clearview 7.3% (12 sales / 167 listings)
Tiny Township 10.6 (22 sales / 207 listings)
Penetanguishene 14.5% (13 sales / 89 listings)
Midland 11% (17 sales / 154 listings)
Georgian Bay Township 4.8% (6 sales / 124 listings)
Summary:
The larger municipalities in Southern Georgian Bay have all concluded an increase in the number of reported unit sales year-to-date (2025 vs 2026). However, the majority of smaller rural municipalities concluded a decrease in the number of reported unit sales year-to-date (2025 vs 2026).
The year-to-date average sale price has declined approximately -4.73% from this same time last year; however, the increase in reported unit sales during the spring market concluded an increase in value in both Wasaga Beach and Collingwood in May over the June average. This is often a reflection of "what has sold," and an increase in the average 12-month value helps confirm that more listings in higher price ranges have outperformed the previous month.
Important Notes:
Duplicate reporting from before the PropTx merger has been manually deleted.
Information includes TRREB & One Point Association of REALTORS® (+ all additional PropTx MLS contributing real estate boards in Ontario)
Vacant Land and Farms were excluded from the Freehold results.
Freehold currently includes "land lease" unit sales, which are to be considered when reviewing the average price.
Please take a look at the attached reports and contact a REMAX By The Bay Brokerage REALTOR® if you have any questions.
REMAX By The Bay Brokerage
Phone: 705-429-4500
Website: www.remaxbythebay.ca
