Fergus

established 1858

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DISCOVER

About Fergus

Fergus is the largest community in Centre Wellington, a township within Wellington County in Ontario, Canada. It’s most famous for its scenic river views, waterfalls, limestone gorge, and annual Scottish Festival. Fergus has deep Scottish roots dating to 1833 when settlers called it “Little Falls” because of its scenic waterfalls. This historic river town is divided by the stunning Grand River and is a little over one hour’s drive from Toronto. The Fergus Scottish Festival and Highland Games is the town’s largest and most recognized festival. Fergus is the perfect mix of heritage atmosphere and modern convenience.

market update
market update

Comparative Analysis

  2022 Y/Y M/M
Sales 21 -22.2% -32.3%
New Listings 41 36.7% 10.8%
Average Sale Price $1,155,524 38.5% 7.7%
Median Sale Price $1,010,000 41.8% -9.1%
SNLR* 51.2% -38.8% -32.6%

Source: TRREB Market Watch Report – Summary of Existing Home Transactions (Detached)

*SNLR (Sales-to-New-Listings-Ratio)

  • SNLR at 55% or more indicates a seller’s market; more buyers than properties for sale
  • SNLR between 34% and 54% indicates a balanced market; about the same number of properties for sale as there are buyers
  • SNLR at 35% or less indicates a buyer’s market; more properties for sale than there are buyers
fergus
fergus

April 2022

The Toronto Regional Real Estate Board (TRREB) has released its latest market stats, which show a 30 percent decline in sales compared to the record result of 15,628 in March 2021. Month-over-month the average selling price dipped slightly to $1.3 million for all housing types.

New listings were also down on a year-over-year basis, but by a much lesser annual rate than sales. This suggests that while market conditions remained very tight, homebuyers did not experience the same level of competition from other buyers compared to a year earlier.

“Competition between homebuyers in the GTA remains very strong in most neighbourhoods and market segments. However, we did experience more balance in the first quarter of 2022 compared to last year. If this trend continues, it is possible that the pace of price growth could moderate as we move through the year,” said TRREB Chief Market Analyst Jason Mercer.

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listings

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