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‘Strong’ real estate sales market leads to double-digit home price percentage increases, Barrie realtors say

Looking to sell? There may be a great return on investment coming your way.

The Barrie and District Association of Realtors has released its latest monthly statistics report, which shows “strong” growth in both year-to-date and year-over-year sales numbers across the region.

There were 471 residential units sold in Simcoe County, excluding Barrie, in November; an increase of 25.3 per cent compared to the same month in 2019. The average price of units sold was $672,748 — up 26.4 per cent year-over-year.

Within the city, 240 homes were sold, a 17.6 per cent jump from Nov. 2019 numbers. Meanwhile, the average sale price was $588,265, up 21.6 per cent from the same month last year.

Also of note, 34 apartment and condo units were sold in Barrie in November, a 10.5 per cent dip from 2019. However, the average price climbed 27.9 per cent to $429,242.

“Nov. 2020 information is in, and residential property sales showed that year-over-year sales and average price of units sold continued strong across most regions, with properties outside of Barrie showing stronger growth,” the association said in a statement. “The real estate market begins to slow down this time of year.”

Year-to-date, 5,858 residential units have been sold across the county, excluding Barrie — a jump of 22.3 per cent over the first 11 months of 2019. The average price rose 18.6 per cent, comparatively, to $608,628.

The city saw 2,808 units sold from January to November this year, a 27.4 per cent increase over the same period in 2019. The average sales price was $561,482, up 14.1 per cent over last year’s numbers.

Year-to-date data also showed double-digit price increases in Innisfil and Orillia. There were 628 homes sold in Innisfil, a 13.4 per cent dip from 2019. But the average residential unit sold for $602,762, a 16.5 per cent increase over Jan. 2019 to Nov. 2019.

Meanwhile, 652 residential units were sold in Orillia — 21.4 per cent more than the first 11 months of 2019. The average price also jumped from 11.7 per cent to $468,521.

The association represents more than 1,100 realtors throughout the region.

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Ottawa will roll out COVID-19 vaccine to provinces on basis of population, Alberta says

Dosages of Canada’s vaccines will be handed out to provinces based on population, an Alberta Health spokesperson says.

That would mean how many doses each province gets will be decided by how many people it has — not how many health-care workers, how many cases it’s facing, or how many seniors live there.

“Provinces and territories did not place orders, allocations are being provided by the Public Health Agency of Canada (PHAC) on a per-capita basis,” spokesperson Tom McMillan said.

“Per Alberta’s perspective, we’re following the same approach we’ve taken to all vaccines which is that all the provinces work with the federal government to come together.”

The distribution model could become complicated if dosages of the vaccine are available in waves — and not all at once — forcing government officials to prioritize who first gets the vaccine.

Dr. Howard Njoo, Canada’s deputy chief public health officer, said on Tuesday it’s likely the first phase of the vaccine rollout won’t see enough doses for everyone “all at once” and instead will come in “batches.”

Raywat Deonandan, an epidemiologist and professor at the University of Ottawa, said per capita distribution is not the right plan — particularly if there’s a limited amount of the vaccine.

Imagine a Canada that doesn’t have provinces, he said. “You would send it to where it is needed without having to consider the ancient Canadian curse of the federal-provincial divide.”

“If you have a limited resource, you apply that resource strategically, not politically, not equitably,” said Deonandan.

“It’s just not the time for equity, strangely enough. This is a time for strategic application,” he said.

“Maybe you should distribute it based upon, not the per capita, but the actual cases per capita. If not that, then maybe the deaths per capita. If not that, then maybe who is closest to health-care capacity overrun,” he said.

When asked about per-capita distribution, PHAC did not offer a direct answer and said final plans were still being worked out.

“Final key populations for early COVID-19 immunization will be determined by (the National Advisory Committee on Immunization), once more is known about the vaccines for Canada and their delivery schedule,” the agency said in a statement.

“Allocations of vaccines and rollout will be determined by (federal, provincial and territorial) governments, informed by NACI advice.”

The Alberta government spokesperson said it’s using the recommendations provided by NACI as a starting point for distribution.

Those guidelines say vaccines should first be distributed to vulnerable populations like seniors, those with underlying medical conditions and front-line health-care workers.

Just how the COVID-19 vaccine will be distributed and to who has become a hot topic after two drug companies announced successful early results.

Last week, Pfizer Inc. and BioNTech announced their vaccine candidate showed signs of being 90 per cent effective. Canada has signed on to purchase 20 million doses of that vaccine.

Then on Monday, Massachusetts-based Moderna said early results showed its vaccine candidate was 94.5 per cent effective. Canada has inked a deal with Moderna for 56 million doses of its vaccine.

Njoo said the current goal is to vaccinate the vast majority of Canadians by the end of 2021. The government is hopeful that January could mark the beginning stages of a national rollout of vaccines.

While there’s no law that states the public health agency must do it that way, per capita makes the most sense given the complexity of trying to decide who gets the vaccine first, said Katherine Fierlbeck, a professor political science at Dalhousie University. Provinces could also choose to redistribute vaccines between each other, she said.

“(PHAC) had guidelines (during H1N1) but it was up to the provinces to put the guidelines into action,” Fierlbeck said. “Different provinces did things differently, as they do, and there was a lot of confusion.

“The distribution of anything is political.”

Just getting the vaccine to the provinces will not be easy. The Pfizer vaccine requires ultracold storage of minus 80C. The Moderna vaccine would only require temperatures that a standard household refrigerator could provide.

With files from Tonda MacCharles

Kieran Leavitt is an Edmonton-based reporter covering provincial affairs for the Star. Follow him on Twitter: