230117 Economic Development Committee AgendaPage 1 of 3
The Corporation of the Town of Tillsonburg
Economic Development Advisory Committee
January 17, 2023
7:30 a.m.
Council Chambers
AGENDA
1.Call to Order
2.Adoption of Agenda
Proposed Resolution #1
Moved by:
Seconded by:
THAT the Agenda as prepared for the Economic Development Advisory Committee
meeting of January 17, 2023, be adopted.
3.Disclosures of Pecuniary Interest and the General Nature Thereof
4.Minutes of the Previous Meeting
Proposed Resolution #2
Moved by:
Seconded by:
THAT the minutes as prepared for the Economic Development Advisory Committee
meeting of December 13, 2022, be adopted.
5.Closed Agenda
Page 2 of 3
Proposed Resolution #3
Moved by:
Seconded by:
THAT the Economic Development Advisory Committee move into closed session to
discuss matters related to a trade secret or scientific, technical, commercial or
financial information that belongs to the municipality or local board and has
monetary value or potential monetary value.
6.General Business and Reports
6.1. Monthly Activity Update
7.Planning Items Circulation
8.Community Strategic Plan
8.1. Town Hall Task Force
8.2. Affordable and Attainable Housing Committee
8.3. Boundary Adjustment Committee
8.4. Health Care Committee
9.Community Organization Updates
9.1. Downtown Business Improvement Association
9.1.1. Report from BIA Chair
9.2. Tillsonburg District Chamber of Commerce
9.3. Woodstock, Ingersoll, Tillsonburg and Area Association of Realtors
(WITAAR)
9.3.1 December 2022 and Annual Statistics
10. Round Table
11. Next Meeting
12. Adjournment
Proposed Resolution #4
Moved by:
Page 3 of 3
Seconded by:
THAT the January 17, 2023 Economic Development Advisory Committee meeting
be adjourned at _____ a.m.
Page 1 of 4
The Corporation of the Town of Tillsonburg
Economic Development Advisory Committee
December 13, 2022
7:30 a.m.
Council Chambers
MINUTES
Present: Randy Thornton, Lisa Gilvesy, Suzanne Renken, Andrew Burns, Steve
Spanjers, Dane Willson, Cedric Tomico, Mayor Deb Gilvesy, Jesse Goossens
Staff: Kyle Pratt, CAO; Cephas Panschow, Development Commissioner; Laura
Pickersgill, Executive Assistant/Assistant Clerk
Regrets: Kirby Heckford
1. Call to Order
The meeting was called to order at 7:33 a.m.
2. Adoption of Agenda
Resolution #1
Moved by: Dane Willson
Seconded by: Randy Thornton
THAT the Agenda as prepared for the Economic Development Advisory Committee
meeting of December 13, 2022, be adopted.
Carried
3. Disclosures of Pecuniary Interest and the General Nature Thereof
There were no disclosures of pecuniary interest declared.
Page 2 of 4
4. Minutes of the Previous Meeting
Resolution #2
Moved by: Andrew Burns
Seconded by: Dane Willson
THAT the minutes as prepared for the Economic Development Advisory Committee
meeting of November 8, 2022, be adopted.
Carried
5. Closed Agenda
Resolution #3
Moved by: Randy Thornton
Seconded by: Dane Willson
THAT the Economic Development Advisory Committee move into closed session to
discuss matters related to the acquisition or disposition of land.
Carried
6. General Business and Reports
6.1. Monthly Activity Update
Cephas provided a brief summary of the Monthly Activity Update.
7. Planning Items Circulation
8. Community Strategic Plan
8.1. Town Hall Task Force
The Task Force has met their mandate and staff will be moving this project.
There has been $300,000 budgeted in 2023 for this project.
8.2. Affordable and Attainable Housing Committee
There has been $60,000 combined budgeted for strategic initiatives for
affordable housing and boundary adjustment.
8.3. Boundary Adjustment Committee
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8.4. Health Care Committee (former Physician Recruitment and Retention
Committee)
This Committee has been rebranded and a new Terms of Reference will be
formulated. Staff to invite the TDMH CEO to a future joint meeting with this
Committee and the new Health Care Committee. Steve to connect with his
relative to inquire as to why she was not able to get work locally. Staff to invite
Stephanie Nevins to a future Committee meeting. There is an after hours care
clinic across from the hospital.
9. Community Organization Updates
9.1. Downtown Business Improvement Association
9.1.1. Report from BIA Chair ED12-01
Cedric answered questions regarding the report.
Cedric will provide a further update on the hotel proposal at the next
meeting.
8.2 Tillsonburg District Chamber of Commerce
There will be a WSIB claims presentation on Dec 19th. The Chamber is participating
in the entrepreneurial popup event that is happening on Thursday. There have been
many successful Business After 5 events held recently. The Annual General Meeting
is scheduled for January 24, 2023.
8.3 Woodstock, Ingersoll, Tillsonburg and Area Association of Realtors
(WITAAR)
8.3.1 November 2022 Statistics
Dane provided a brief summary of the statistics.
10. Round Table
Council authorized the sale of the Bell Mill Sideroad property to Metalfer Iron Works
Designs at yesterday’s meeting. There is a pending sale on the former TRW building
to a food processing plant.
Page 4 of 4
11. Next Meeting
12. Adjournment
Resolution #4
Moved by: Randy Thornton
Seconded by: Dane Willson
THAT the December 13, 2022 Economic Development Advisory Committee meeting
be adjourned at 9:24 a.m.
Carried
Monthly Activity Update – (January 2023)
Prepared for the Economic Development Advisory Committee
Project Name/Reference Status
Future Industrial Growth Council approved the committee’s recommendation to retain a project consultant to
expedite the development of additional industrial land on Jan 9, 2023 as per the following motion: THAT report EDM 23-01 Project Management
Consultant to Expedite Industrial Land Development Budget White Paper be received as
information; AND THAT a Request for Proposal for a Project
Management Consultant be prepared and released with the intent of facilitating the timely
development and approval of Phases 2 and 3 of the Van Norman Innovation Park;
AND THAT the costs for a Project Management Consultant, and associated design/ approvals, be
funded from the Economic Development Reserve up to a maximum of $250,000 with an annual
report being brought back to Council for information
High Tech Manufacturing Sub-cluster Action Plan Next event deferred until Q1 2023
Lead Generation 71 lead opportunities opened year to date
Post-Secondary Education Enhancements Project to raise awareness of all the local options
for employment for high school/older youth who
who may be considering returning underway with
MSC. Project plan development underway
including meetings school board and high school
principal regarding new initiatives.
Town Hall Project Phase 1 ESA investigations for entire property
underway
Van Norman Innovation Park Amended ECA to remove from VIP Lands
completed on Dec 20! First property transferred
on Dec 15 and a second one transferred on Jan 6.
Others are being scheduled.
Job Market Pulse
Per Workforce Planning Board for Elgin,
Middlesex & Oxford data, the following is a
summary of the jobs available in Tillsonburg and
Oxford:
Tillsonburg Jobs Data -
https://datastudio.google.com/reporting/1c53041d-
4d1b-4e6c-a8b1-5587d32994de/page/ng76?s=n-
qA4oUGKeo
Oxford Jobs Data -
https://datastudio.google.com/reporting/1c53041d-
4d1b-4e6c-a8b1-
5587d32994de/page/ng76?s=ux-mzlBHCEk
352 jobs posted with 180 new last month
(December) versus 425 jobs posted with 245 new
jobs the previous month (November)
1,790 jobs posted with 859 new last month
(November) versus 2,253 jobs posted with 1,173
new jobs the previous month (November)
Note: Oxford County has approximately 66,000
jobs so the County’s December job vacancy rate
is estimated at 2.6% (versus 3% last month)
Newsletter Christmas edition sent out Dec 20/21 with metrics
to follow.
Page 1 of 5
Report from BIA Chair – ED01-23
To: Economic Development Advisory Committee
From: Cedric Tomico – DTBIA Chair
Date: January 12th, 2023
Subject: DTBIA business update – Happy New Year!
The following status report is provided to the ECDEV Advisory Committee:
Financial/budget:
The ED will be making the BIA budget presentation at the January 16th, 2023, council
meeting. Significant efforts are underway for grant applications to fund BIA initiatives in 2023
and beyond.
The ED is preparing a submission for the Summer Job Service application which is due in
January. This application will include supports for the proposed 2023 Turtlefest event as
events are a mainstay of what BIA’s do in Ontario.
There are receivables which are being managed and collected.
No negative tax adjustments were received in 2023 fiscal year, and we are working with the
finance/revenue team to be kept in the loop if there is risk to the levy moving forward.
General business conditions continue to be favourable despite the economic headwinds and
higher interest rate environment.
Operations & Beautification:
The mild winter thus far has allowed us to keep the streets in excellent overall condition.
There continue to be significant impacts of dumped garbage, (untagged), people moving
and leaving large amounts of household items behind, etc. Richard Sparham and his team
from Public Works have been very helpful in assisting in remediation of these issues.
Graffiti continues to be a big issue with no signs of abating. Removing graffiti in the winter is
a challenge. The team is ready to tackle these challenges when weather permits.
Once town council approves the budget; the DTBIA team will be procuring new maintenance
tools to aid in removal of graffiti, gum on sidewalks, etc.
We are acutely aware of the importance of aesthetics, cleanliness, beautification and the care
and condition of street assets, (aka public realm infrastructure), has on economic
development and Tillsonburg as a place to EAT, SHOP, LIVE and EXPLORE.
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Membership update:
Lots of continued activity. Vape-It has opened at 150 Broadway. Medpoint has closed
locally and maintains offices/services in their home base in London. The Broadway
Laundromat has also closed and is available for lease.
Juniper J Photography has opened in the former Strand theatre building as has a co-working
space. In the basement of this building, the suite is being occupied by the Muslim
Association of Tillsonburg. Also in this building is a reliability engineering business operated
by the building owners and a new co-working space.
Neil Balan Engineering is looking for downtown office space.
Walmart is re-assessing it’s self-checkout philosophy and will be re-implementing more full-
service check-outs. Timing is unknown.
The ED is working with a couple of parties for the potential of opening a pod-cast studio in
the BIA offices – most likely with an external funding application.
Façade Improvement Program/building storefront update:
The ED is working with the vendor of design/architectural renderings on a new contract for
2023 fiscal year with minor changes to the fee structure and process so that it is clearer for
the membership. Interest remains muted at this point largely due to the interest rate
environment and economic headwinds.
Additional considerations for 2023 include the approved direction to incorporate public art
and historical context in public spaces where and when possible. This is included in the
DTBIA budget and business plans which are being presented to Town Council on January
16th.
Human Resources:
The ED is in the process of completing/submitting the various applications for funding of the
various positions. This is a critical action given this facilitates 90% of the ambassador team
complement. New ambassador uniforms are being researched for implementation in 2023
to better differentiate the DTBIA team-mates from their town counterparts.
The ED will be bringing forward to the newly constituted HR committee with
recommendations on wage adjustments for 2023 fiscal year in addition to further policy,
protocol and other HR tools as we continue to professionalize the organization.
The DTBIA will be providing defined team supports to ensure a successful Turtlefest event.
Page 3 of 5
Events & Marketing:
The ED and EMC have been visiting many of the members for “meet and greet”
engagements.
The following is a partial list of the various projects and initiatives that are underway or have
been determined either through the budget process or from stakeholder feedback:
1) The Turtlefest event will be going ahead in 2023 as a one-day event on Saturday, June
17th, 2023 subject to the approval of funding from the Town of Tillsonburg. This is
exciting news for the community. Our team will be providing supports, structure, and
organization as part of our mandate.
2) Radio ad – to be played during the meeting features “what’s new”.
3) The Christmas Crawl event had little uptake. The 2023 event will revert to a
traditional, more structured event with Santa Clause, carollers, sleigh rides and much
more. Planning for this is already underway.
4) A meeting was planned to coordinate restaurant promotions for the months of
January and February of 2023. In spite of our best efforts; the event has no
participation. We will revert to generic marketing supports including regional radio
ads
5) Attending/participating in OBIAA best-practices calls with respect to marketing and
traffic building ideas.
6) Attending other BIA projects, events, and venues to learn and perhaps implement
ideas back in Tillsonburg.
7) An events calendar for FY 2023 is being finalized and will remain quite fluid pending
interest and negotiations with various parties.
8) The sponsored banner program is being designed and will be implemented in Q2.
9) The “show and tell” Christmas light campaign is underway with elements being
determined such as a booth in the mall to engage with members of the public.
10) Further events such as the wine and cheese pairings involving Nectar and Two Girls &
a Cheese Shop are in the early stages of planning.
2023 AGM:
Planning has begun for the next AGM as it is so critical for the organization. The hall space at
the Tillsonburg Legion has been reserved. The team will be preparing for annual awards
using public and member feedback.
The existing DTBIA constitution: surveys and feedback with the membership for
improvements.
Page 4 of 5
OBIAA update:
Advocacy efforts continue particularly with respect to policy changes including forgiveness of
the CEBA repayments. No update on this as of late.
The $2,500 Digital Transformation Grant has renewed and is effective as of January 16th.
Our 2023 members dues will include the purchase of a long-awaited CRM software tool
module to manage BIA affairs into the next decade. The OBIAA has worked diligently to
create a tool which will transcend software that does not speak with one another. The DTBIA
will be subscribing to this service which will render other software applications like Constant
Contact redundant. The migration to this service will begin by the end of Q1.
ED work plan & progress:
Many initiatives and ongoing projects to date:
1) The team visited Classic Displays in Mississauga as part of the research and due
diligence required for the purchase of new pole lights for the downtown area.
Samples were picked up and have been displayed in the DTBIA office windows.
2) Several meetings with external stakeholders which included meetings and on-site
visits with hospitality companies.
3) Ongoing attendance with the “Bridge Street streetscaping” steering committee.
4) Cold called several chains to discuss various key vacant sites in our downtown.
5) Working with SB Advisory and Millards on year-end preparations.
6) Weekly involvement with OBIAA best-practices calls.
7) Weekly involvement with Digital Service Squad training/development.
8) Research and effort to secure positive outcomes with additional grant applications
from various partners at the municipal, provincial, and federal levels of government.
9) Undertake design specifications for “made-in-Tillsonburg” new BIA assets for
installation in 2023 once approved by the Town Council in January.
10) Met with BIA peers in other communities to observe and evaluate programs and PRI
investments for applicability in Tillsonburg.
11) Renewed membership with the AMCTO which aids in the clerk’s/executive director
and governance parts of the ED position accountabilities.
12) The ED will sign the gift card program contract with MICONEX pending the approval
of the BIA budget by the new Town Council.
13) Many other activities which are relevant to the approved 2023 business plans.
Page 5 of 5
General information/feedback:
We continue to receive many positive comments about the cleanliness, care, and condition of
the downtown area. The team works very diligently to keep the downtown looking attractive.
Special attention is being given to alleys and other areas to ensure a similar level of
cleanliness and aesthetic
Governance:
The new Town Council approved the slate of directors for the 2023-2026 term of office and
the following new members will be on the Board of Management:
Councilllor Bob Parsons representing the Town of Tillsonburg.
Jessy Rhora – owner/operator of the new Loading Screen gaming store at 71 Broadway.
Michelle Gleeson – Manager of Scotiabank Tillsonburg.
Cheryl Fody – Corporate Representative of Century 21 Heritage House Real Estate
(Tillsonburg)
Board elections for the executive will be conducted at the January 25th inaugural meeting.
Summary:
The team is focused on the primary mission of providing our membership with a high level of
customer service and engagement to assist them with success and resiliency into the future.
The entire DTBIA team is excited about all the initiatives to be implemented in 2023 including
the new gift card program; the return of Turtlefest; the procurement and installation of new
winter/festive pole lights throughout the downtown core; the implementation of a public art
policy; more new businesses – some already identified in the pipeline; and much, much
more.
Questions and/or comments as well as suggestions are welcomed.
65-6 Springank Ave. North, Woodstock, ON N4S 8V8
P: 519-539-3616
E: accounting@WITAAR.ca
W: www.WITAAR.ca
WOODSTOCK INGERSOLL TILLSONBURG & AREA ASSOCIATION OF REALTORS®
MLS® ACTIVITY FOR THE TOWN OF TILLSONBURG
MONTH ENDING DECEMBER 2022
YEAR TO DATE MONTHLY
2022 2021 % Difference 2022 2021 % Difference
$ value of Total Units Sold $224,311,404 $237,123,381 -5.4% $13,928,000 $21,831,177 -36.2%
$ value of Residential Units Sold $185,820,504 $233,149,942 -20.3% $8,028,000 $13,515,151 -40.6%
$ value of Other Units Sold $38,490,900 $39,248,922 -1.9% $5,900,000 $5,136,777 +14.8%
Total # of Units Sold 311 439 -29.1% 16 23 -30.4%
# of Residential Units Sold 292 403 -27.7% 14 21 -33.3%
# of Other Units Sold 19 36 -47.2% 2 2 0%
Total # of New Listings 605 481 +25.7% 25 15 +66.6%
Total # of New Residential Listings 546 442 +23.5% 20 15 +33.3%
Total # of Other New Listings 59 39 +51.2% 5 0 +500%
Total # Currently on Market ***see monthly numbers 126 24 +425%
# of Residential Currently on Market ***see monthly numbers 78 7 +1,014.3%
# of Other Listings Currently on Market ***see monthly numbers 13 7 +85.7%
RESIDENTIAL SALES BY
PRICE CATEGORY
Accum. Accum. Month Reporting Month Reporting
2022 YTD 2021 YTD 2022 2021
$ - $299,999 6 4 0 0
$300,000 - $499,999 53 128 5 3
$500,000 - $599,999 72 114 5 6
$600,000 - $699,999 46 69 0 3
$700,000 - $799,999 62 58 4 6
$800,000 - $899,999 31 21 0 3
$900,000 - $999,999 19 7 0 0
$1,000,000 - $1,099,999 2 2 0 0
$1,100,000 - $1,199,999 0 3 0 0
$1,200,000 or Greater 1 0 0 0
Region: Oxford
Municipality: Tillsonburg
All YTD Totals may not match the month to month cumulative due to continuous, live updates of data combined with permitted timing of entry.
The information only represents MLS® listings sold and reported through the ITSO MLS® system. The information has been drawn from sources deemed reliable, but the accuracy and completeness of the
information is not guaranteed. In providing this information, the Woodstock Ingersoll Tillsonburg & Area Association of REALTORS® does not assume any responsibility or liability.
Average Residential Sale Price
2022 2021 %DIFF
MONTH $573,429 $643,579 -10.9%
TYD $636,372 $575,902 +10.5%
Member Thumbnail 131 TOWNLINE Rd Tillsonburg MLS® #: 40334923
Active / Commercial Sale Confidential for REALTORS® Only Price: $3,375,000.00
MLS®#:40334923 DOM/CDOM 78/78Region:Oxford Bldg Area Total:21,600Municipality Area:Tillsonburg Lot Size Area:2.19
Neighbourhd/SubDist:Tillsonburg Lot Front:143.16Property Sub Type:Building and Land Lot Depth:
Business Type:Tax Amount:$52,182Waterfront Y/N:No Tax Year:2022
Listing Date:10/24/2022
Amazing opportunity! Well maintained building with long term stable tenants. The building is approximately 21,600
square feet sitting on 2.185 acres. The two tenants are long term and stable both with net leases. Excellent hands offinvestment!
L/Brokerage:ROYAL LEPAGE R.E.WOOD REALTY, BROKERAGEL/Salesperson:DANE WILLSONL/Brokerage 2:ROYAL LEPAGE R.E.WOOD REALTY, BROKERAGE
L/Salesperson 2:RICHARD WOOD, BrokerSeller:1000206610 Ontario Ltd.
Member Thumbnail 22 BIDWELL St Tillsonburg MLS® #: 40333838
Active / Commercial Sale Confidential for REALTORS® Only Price: $699,000.00
MLS®#:40333838 DOM/CDOM 83/83Region:Oxford Bldg Area Total:3,616
Municipality Area:Tillsonburg Lot Size Area:Neighbourhd/SubDist:Tillsonburg Lot Front:66.99
Property Sub Type:Building and Land Lot Depth:83.80Business Type:Tax Amount:$3,740Waterfront Y/N:No Tax Year:2021
Listing Date:10/19/2022
Newly renovated multi-purpose building with potentially 8 plus bedrooms. Ever have ambitions to open a bed/breakfast,
boarding house? Perhaps your large family is looking to each have their own room? This property offers it all. Threestories, partially finished basement, two kitchens, four bathrooms, wraparound porch, massive underground garage, with
heated driveway and second floor rooftop patio with a view. Located in downtown Tillsonburg, zoning permitsbusinesses, family dwellings, multi-residential, medical, hospitality, place of worship... the list goes on (see attached).
The shear size of the building alone will amaze you! Its potential is as big as your imagination. Whether you wish to earnfinancial freedom or start that large family with room to grow, 22 Bidwell awaits you.
L/Brokerage:DOTTED LINE REAL ESTATE INC., BROKERAGEL/Salesperson:JEFF BREITL/Brokerage 2:
L/Salesperson 2:Seller:AXFORD, MARGARET ORLENE
Member Thumbnail 31 Clearview Dr Tillsonburg MLS® #: XH4143919
Active / Commercial Sale Confidential for REALTORS® Only Price: $2,990,000.00
MLS®#:XH4143919 DOM/CDOM 148/148Region:Oxford Bldg Area Total:4,000
Municipality Area:Tillsonburg Lot Size Area:Neighbourhd/SubDist:Tillsonburg Lot Front:180.00
Property Sub Type:Industrial Lot Depth:321.00Business Type:Tax Amount:$4,345
Waterfront Y/N:No Tax Year:2021Listing Date:08/15/2022
State Of The Art Health Canada Licensed Craft Micro Cannabis Cultivator Located In Tillsonburg. Advanced Aeroponic
Vertical Towers In Flower Room & Clone Room. Deep Water Culture In Mother Room. Recognized As The Most EfficientCultivation Method On The Market. Some Of The Benefits Include: Better Supply Of Oxygen & Nutrients At Root Level
Producing Exceptional Growth, Less Conducive To The Development Of Insects, Harmful Bacteria, Viruses & Fungi. NoExpense Has Been Spared In This Meticulously Maintained Cannabis Facility. Fully Fenced/Gated Facility. Room For
Expansion Possible. Huge Growing Achieved In Small Footprint, Produces Stronger, Healthier Plants With MaximumYields. Plants Mature Faster Which Improves Productivity. 24 Vertical Towers Equates To 6336 Plants That Can Be
Harvested In Each Grow Period. * Other Heating is Fan Coil*
L/Brokerage:IPro Realty Ltd.
L/Salesperson:Perry StaikopoulosL/Brokerage 2:L/Salesperson 2:
Seller:2670043 Ontario Ltd
Oxford County
MLS® Residential Market Activity
Compared to 8
Actual
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 76 -43.3%-39.7%-36.7%-7.3%-32.1%1.3%
Dollar Volume $46,358,281 -53.5%-30.2%-6.2%68.3%64.6%166.4%
New Listings 112 9.8%24.4%40.0%36.6%27.3%0.9%
Active Listings 359 647.9%343.2%49.6%43.0%-14.5%-50.6%
Sales to New Listings Ratio 1 67.9 131.4 140.0 150.0 100.0 127.3 67.6
Months of Inventory 2 4.7 0.4 0.6 2.0 3.1 3.8 9.7
Average Price $609,977 -17.9%15.8%48.2%81.6%142.6%162.9%
Median Price $570,000 -17.7%18.6%40.7%72.7%150.3%143.6%
Sale to List Price Ratio 3 97.3 110.9 102.7 99.7 98.0 97.7 96.5
Median Days on Market 31.0 8.0 11.0 26.0 29.5 38.0 67.0
Compared to 8
Year-to-date
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 1,688 -26.4%-20.5%-17.5%-22.5%-9.4%11.6%
Dollar Volume $1,196,992,600 -19.3%14.5%42.6%63.8%152.3%252.5%
New Listings 3,128 20.3%35.3%22.1%20.3%29.1%18.2%
Active Listings 4 328 169.4%56.4%-8.7%-3.7%-47.3%-63.6%
Sales to New Listings Ratio 5 54.0 88.2 91.8 79.8 83.8 76.9 57.2
Months of Inventory 6 2.3 0.6 1.2 2.1 1.9 4.0 7.1
Average Price $709,119 9.7%44.0%72.8%111.4%178.5%216.0%
Median Price $665,000 9.9%43.8%70.6%107.8%183.0%209.3%
Sale to List Price Ratio 7 106.6 108.7 101.9 99.9 100.7 97.4 96.7
Median Days on Market 10.0 7.0 14.0 20.0 16.0 44.0 58.0
1 Sales / new listings * 100; compared to levels from previous periods.2 Active listings at month end / monthly sales; compared to levels from previous periods.3 Sale price / list price * 100; average for all homes sold in the current month.4 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.5 Sum of sales from January to current month / sum of new listings from January to current month.6 The year-to-date months of inventory figure is calculated as average active listings from January to current month / average sales from January to current month.
7 Sale price / list price * 100; average for all homes sold so far this year.
8 Sales to new listings ratio, months of inventory, sale to list price ratio, and days on market shown as levels; all others calculated as percentage changes.
Oxford County
MLS® Residential Market Activity
Sales Activity (December only)20132014201520162017201820192020202120228179112106828312012613476New Listings (December only)201320142015201620172018201920202021202283918810382858090102112Active Listings (December only)20132014201520162017201820192020202120226536034203002513322408148359Months of Inventory (December only)20132014201520162017201820192020202120228.17.63.82.83.14.02.00.60.44.7Average Price and Median Price
Jan 2013Jul 2013Jan 2014Jul 2014Jan 2015Jul 2015Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
Oxford County
MLS® Residential Market Activity
Sales Activity (December Year-to-date)20132014201520162017201820192020202120221,6341,6161,8632,0742,1791,8712,0452,1232,2951,688New Listings (December Year-to-date)20132014201520162017201820192020202120222,6602,6152,4232,4362,6012,6032,5622,3122,6013,128Active Listings 1(December Year-to-date)2013201420152016201720182019202020212022836762622411340391359210122328Months of Inventory 2(December Year-to-date)20132014201520162017201820192020202120226.15.74.02.41.92.52.11.20.62.31 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.
2 Average active listings January to the current month / average sales January to the current month.
TILLSONBURG
MLS® Residential Market Activity
Compared to 8
Actual
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 14 -33.3%-56.3%-41.7%-6.7%-36.4%-17.6%
Dollar Volume $8,028,000 -40.6%-41.1%-10.4%86.4%51.8%122.5%
New Listings 20 33.3%-35.5%33.3%81.8%33.3%-4.8%
Active Listings 78 1,014.3%254.5%56.0%36.8%4.0%-41.8%
Sales to New Listings Ratio 1 70.0 140.0 103.2 160.0 136.4 146.7 81.0
Months of Inventory 2 5.6 0.3 0.7 2.1 3.8 3.4 7.9
Average Price $573,429 -10.9%34.5%53.5%99.7%138.6%170.1%
Median Price $557,500 -10.7%47.7%62.1%100.5%163.0%153.4%
Sale to List Price Ratio 3 98.2 108.1 101.4 100.5 97.2 96.8 97.1
Median Days on Market 44.5 7.0 5.5 52.0 34.0 63.5 85.0
Compared to 8
Year-to-date
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 292 -27.9%-28.6%-8.2%-14.9%-10.7%-3.6%
Dollar Volume $185,820,504 -20.3%3.0%62.0%82.8%146.7%197.2%
New Listings 546 23.5%24.7%41.1%40.0%28.5%21.6%
Active Listings 4 63 223.8%34.7%10.9%-3.8%-48.2%-64.8%
Sales to New Listings Ratio 5 53.5 91.6 93.4 82.2 87.9 76.9 67.5
Months of Inventory 6 2.6 0.6 1.4 2.2 2.3 4.5 7.1
Average Price $636,372 10.5%44.3%76.4%114.7%176.3%208.4%
Median Price $625,000 13.6%48.8%81.2%123.2%177.8%204.9%
Sale to List Price Ratio 7 103.9 106.5 100.1 98.9 98.7 96.7 95.5
Median Days on Market 13.0 8.0 17.0 24.5 19.0 61.0 70.0
1 Sales / new listings * 100; compared to levels from previous periods.2 Active listings at month end / monthly sales; compared to levels from previous periods.3 Sale price / list price * 100; average for all homes sold in the current month.4 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.5 Sum of sales from January to current month / sum of new listings from January to current month.6 The year-to-date months of inventory figure is calculated as average active listings from January to current month / average sales from January to current month.
7 Sale price / list price * 100; average for all homes sold so far this year.
8 Sales to new listings ratio, months of inventory, sale to list price ratio, and days on market shown as levels; all others calculated as percentage changes.
TILLSONBURG
MLS® Residential Market Activity
Sales Activity (December only)20132014201520162017201820192020202120222014228151024322114New Listings (December only)201320142015201620172018201920202021202214161512111415311520Active Listings (December only)2013201420152016201720182019202020212022154121756457525022778Months of Inventory (December only)20132014201520162017201820192020202120227.78.63.48.03.85.22.10.70.35.6Average Price and Median Price
Jan 2013Jul 2013Jan 2014Jul 2014Jan 2015Jul 2015Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023$0
$200,000
$400,000
$600,000
$800,000
TILLSONBURG
MLS® Residential Market Activity
Sales Activity (December Year-to-date)2013201420152016201720182019202020212022262292327363343312318409405292New Listings (December Year-to-date)2013201420152016201720182019202020212022451422425440390392387438442546Active Listings 1(December Year-to-date)201320142015201620172018201920202021202216914712380665557472063Months of Inventory 2(December Year-to-date)20132014201520162017201820192020202120227.76.14.52.72.32.12.21.40.62.61 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.
2 Average active listings January to the current month / average sales January to the current month.
INGERSOLL
MLS® Residential Market Activity
Compared to 8
Actual
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 9 -57.1%-10.0%-35.7%-25.0%-35.7%-10.0%
Dollar Volume $4,805,100 -66.9%-8.1%-13.1%46.8%59.3%119.9%
New Listings 13 8.3%62.5%62.5%30.0%18.2%-23.5%
Active Listings 32 540.0%88.2%68.4%113.3%-34.7%-62.8%
Sales to New Listings Ratio 1 69.2 175.0 125.0 175.0 120.0 127.3 58.8
Months of Inventory 2 3.6 0.2 1.7 1.4 1.3 3.5 8.6
Average Price $533,900 -22.8%2.1%35.2%95.7%147.8%144.3%
Median Price $518,500 -25.6%-14.2%28.7%66.7%125.9%112.9%
Sale to List Price Ratio 3 97.1 109.3 102.0 99.1 97.8 100.0 94.7
Median Days on Market 20.0 10.0 34.0 32.5 26.0 44.5 56.5
Compared to 8
Year-to-date
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 215 -39.8%-23.2%-25.9%-29.0%-14.3%12.0%
Dollar Volume $139,217,686 -36.6%10.9%30.9%57.3%150.7%253.0%
New Listings 334 -8.2%8.1%-3.7%3.7%2.8%-8.2%
Active Listings 4 30 90.4%21.8%-32.2%-4.8%-54.2%-70.8%
Sales to New Listings Ratio 5 64.4 98.1 90.6 83.6 94.1 77.2 52.7
Months of Inventory 6 1.7 0.5 1.1 1.8 1.2 3.1 6.4
Average Price $647,524 5.2%44.4%76.5%121.7%192.7%215.3%
Median Price $605,888 1.0%40.9%64.2%107.1%178.6%199.9%
Sale to List Price Ratio 7 108.2 112.2 103.2 101.4 103.0 98.2 97.6
Median Days on Market 8.0 7.0 10.0 14.0 15.0 37.0 51.5
1 Sales / new listings * 100; compared to levels from previous periods.2 Active listings at month end / monthly sales; compared to levels from previous periods.3 Sale price / list price * 100; average for all homes sold in the current month.4 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.5 Sum of sales from January to current month / sum of new listings from January to current month.6 The year-to-date months of inventory figure is calculated as average active listings from January to current month / average sales from January to current month.
7 Sale price / list price * 100; average for all homes sold so far this year.
8 Sales to new listings ratio, months of inventory, sale to list price ratio, and days on market shown as levels; all others calculated as percentage changes.
WOODSTOCK
MLS® Residential Market Activity
Compared to 8
Actual
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 36 -41.0%-28.0%-40.0%-12.2%-16.3%16.1%
Dollar Volume $19,991,500 -54.6%-22.5%-21.3%51.2%106.4%194.1%
New Listings 41 -19.6%28.1%20.6%-2.4%2.5%0.0%
Active Listings 102 684.6%410.0%56.9%14.6%-34.6%-62.8%
Sales to New Listings Ratio 1 87.8 119.6 156.3 176.5 97.6 107.5 75.6
Months of Inventory 2 2.8 0.2 0.4 1.1 2.2 3.6 8.8
Average Price $555,319 -23.0%7.7%31.1%72.2%146.6%153.3%
Median Price $544,000 -25.0%10.9%29.6%67.4%172.0%149.5%
Sale to List Price Ratio 3 98.3 113.4 104.7 100.1 98.4 97.9 97.5
Median Days on Market 36.0 7.0 9.0 19.0 25.0 38.0 68.0
Compared to 8
Year-to-date
December
2022 December
2021
December
2020
December
2019
December
2017
December
2015
December
2012
Sales Activity 766 -23.1%-13.9%-15.5%-25.4%-10.8%17.8%
Dollar Volume $529,395,896 -14.6%23.4%45.5%53.6%151.4%284.3%
New Listings 1,366 18.5%37.3%24.0%13.5%32.1%29.2%
Active Listings 4 122 156.8%88.7%-6.1%5.8%-46.6%-65.2%
Sales to New Listings Ratio 5 56.1 86.4 89.4 82.3 85.4 83.1 61.5
Months of Inventory 6 1.9 0.6 0.9 1.7 1.3 3.2 6.5
Average Price $691,117 11.1%43.4%72.3%106.0%181.9%226.1%
Median Price $655,000 9.2%40.3%68.4%101.5%182.3%219.5%
Sale to List Price Ratio 7 107.5 109.4 102.9 100.1 101.1 97.9 97.3
Median Days on Market 10.0 7.0 10.0 19.0 15.0 38.0 57.5
1 Sales / new listings * 100; compared to levels from previous periods.2 Active listings at month end / monthly sales; compared to levels from previous periods.3 Sale price / list price * 100; average for all homes sold in the current month.4 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.5 Sum of sales from January to current month / sum of new listings from January to current month.6 The year-to-date months of inventory figure is calculated as average active listings from January to current month / average sales from January to current month.
7 Sale price / list price * 100; average for all homes sold so far this year.
8 Sales to new listings ratio, months of inventory, sale to list price ratio, and days on market shown as levels; all others calculated as percentage changes.
WOODSTOCK
MLS® Residential Market Activity
Sales Activity (December only)201320142015201620172018201920202021202229324357414360506136New Listings (December only)201320142015201620172018201920202021202238414033423534325141Active Listings (December only)20132014201520162017201820192020202120222382211568489121652013102Months of Inventory (December only)20132014201520162017201820192020202120228.26.93.61.52.22.81.10.40.22.8Average Price and Median Price
Jan 2013Jul 2013Jan 2014Jul 2014Jan 2015Jul 2015Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
WOODSTOCK
MLS® Residential Market Activity
Sales Activity (December Year-to-date)20132014201520162017201820192020202120227367148599731,027819907890996766New Listings (December Year-to-date)20132014201520162017201820192020202120221,1051,0651,0341,0651,2031,1021,1029951,1531,366Active Listings 1(December Year-to-date)20132014201520162017201820192020202120223142862291431151501306548122Months of Inventory 2(December Year-to-date)20132014201520162017201820192020202120225.14.83.21.81.32.21.70.90.61.91 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.
2 Average active listings January to the current month / average sales January to the current month.
INGERSOLL
MLS® Residential Market Activity
Sales Activity (December only)20132014201520162017201820192020202120221314141912121410219New Listings (December only)201320142015201620172018201920202021202212711231012881213Active Listings (December only)20132014201520162017201820192020202120227358493415411917532Months of Inventory (December only)20132014201520162017201820192020202120225.64.13.51.81.33.41.41.70.23.6Average Price and Median Price
Jan 2013Jul 2013Jan 2014Jul 2014Jan 2015Jul 2015Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
INGERSOLL
MLS® Residential Market Activity
Sales Activity (December Year-to-date)2013201420152016201720182019202020212022218223251289303261290280357215New Listings (December Year-to-date)2013201420152016201720182019202020212022371341325345322354347309364334Active Listings 1(December Year-to-date)2013201420152016201720182019202020212022101836553313944251630Months of Inventory 2(December Year-to-date)20132014201520162017201820192020202120225.54.53.12.21.21.81.81.10.51.71 The year-to-date active listings figure is a monthly average of the number of homes on the market at the end of each month so far this year.
2 Average active listings January to the current month / average sales January to the current month.