09/10/2026
At this time, RE/MAX By The Bay Brokerage is pleased to share Real Estate Market Reports for the month of August 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 August 2026, there were a total of 228 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 -11% from the previous month (255 Unit Sales in July 2026). And by the same comparison, the total number of residential and condominium units sold "year-to-date" remains relatively on par with this same time last year (1,574 unit sales in 2025 versus 1,567 unit sales in 2026). This is a decrease of only seven (7) unit sales combined at the end of August, based on the nine (9) different municipalities included in this review.
While some municipalities noticed a cooling-off period in July as we entered summer, other municipalities concluded a similar trend in August. However, for those who slowed down in July, there was a small increase again in August, and overall, the market data looks promising for a healthy fall market (September to November) at seasonal averages comparable to previous years.
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 quick summary of value fluctuations in the larger towns of Wasaga Beach and Collingwood year-to-date (January 1, 2026, to August 31st, 2026):
Wasaga Beach
$666,101 in August 2026
Down by -3.7% from $691,337 in July 2026 (last month)
Down by -2.7% from $684,383 in August 2025 (-$18,282 from last year on average).
Collingwood
$901,661 in August 2026
Down by -1.3% from $913,716 in July 2026 (last month)
Down by -0.3% from $904,376 in August 2025 (-$2,715 from last year on average).
The 2026 year-to-date total value adjustment in comparison to 2025 in Southern Georgian Bay (Wasaga Beach, Meaford, Clearview, Tiny Township, Penetanguishene, and Midland) is, on average, down in value compared to the same time last year in 2025. However, notably, the year-to-date average sales price in the Blue Mountains and Georgian Bay Township is up from this same time last year in 2025.
How's the Market?
New inventory coming onto the market has slowed down now that the spring and summer markets are behind us and we have entered the fall season. Values have continued to decline in most of the Southern Georgian Bay areas, although the number of homes sold (unit sales) has increased from last year in the larger municipalities of Wasaga Beach and Collingwood.
This past summer, the Canadian Real Estate Association (CREA) updated its 2026 and 2027 forecasts for home sales activity and average home prices via the Multiple Listing Service® (MLS®) Systems of Canadian real estate boards and associations. CREA predicts that the national average home price for a home in Ontario will remain relatively flat (-0.7%) in 2026, and then increase by +1.4% in 2027. This will fluctuate from province to province; however, CREA's market outlook could be an early indicator that the market is entering its shift to find more balance in 2027. Until that time, the market statistically remains a great time for buyers to make a purchase based on low absorption rates. This along with reasonable interest rates, few competing offers, and the purchaser's ability to negotiate a fair price, terms, and conditions.
For sellers, the reality of the market continues to indicate 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 11.2% (50 sales / 446 listings)
Collingwood 11.7% (39 sales / 334 listings)
Blue Mountains 5.6% (18 sales / 323 listings)
Meaford 15.1% (21 sales / 139 listings)
Clearview 10.5% (19 sales / 181 listings)
Tiny Township 11.2% (25 sales / 224 listings)
Penetanguishene 17.3% (14 sales / 81 listings)
Midland 18.7% (31 sales / 166 listings)
Georgian Bay Township 7.4% (11 sales / 148 listings)
Summary:
Overall, the Southern Georgian Bay real estate market continues to show signs of finding a more balanced and sustainable level of activity. While sales activity softened through parts of the summer and average values remain below the levels seen in 2025 in several municipalities, the year-to-date number of transactions across the region remains remarkably consistent with last year. With inventory levels providing buyers with greater choice and negotiating opportunities, the market continues to favour purchasers who are prepared to act when the right property becomes available.
As we move into the fall market, we anticipate a continuation of seasonal activity likely to remain comparable to previous years. For buyers, opportunities remain available; however, based on the Canadian Real Estate Association (CREA) real estate market forecast, buyers should not take too long to make a purchase decision, as this fall/winter might be that last window before values start to see moderate growth again.
As always, local market conditions can vary significantly from one community and property type to another, and understanding the specific circumstances of a property is more important than relying solely on broad market statistics.
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
