From runway to real estate: Monika Schnarre sells houses in Collingwood

“As a model and actress, my destiny has always been in the hands of others. With real estate, I am in control of my schedule and my success’

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The Ontario resort community of Collingwood, about two hours northwest of Toronto, is known for skiing, the Georgian Bay waterfront and stately country farmhouses. It’s the kind of place that has caught the eye of homebuyers fleeing the Toronto market and baby boomers looking for an active yet relaxed lifestyle.

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Although the housing market has cooled off from its pandemic prices, it’s about to get an injection of superstardom. Former model Monika Schnarre, who graced the cover of Vogue aged 14, has joined the luxury estate agent’s local office Engel & Volkers as a new real estate agent.

With over two decades of home flipping experience in Toronto and investing in real estate in Ontario, Schnarre decided to get licensed during the pandemic.

“It makes sense when you go back,” she told the National Post.

Schnarre is herself a resident of Collingwood, a town of 24,000. Although it was once a retirement community, she says she’s seen an influx of young families who have been pushed out of Toronto’s high-priced real estate market, especially during the pandemic.

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  1. Canada has the most unaffordable housing in the OECD.

    ‘Worst in the world’: Here are all the rankings in which Canada is now last

  2. In 2021, construction contributed more than $60 billion to the GTA's overall economic activity, including $36.7 billion from residential construction and $24.1 billion from non-residential construction, according to The report.

    GTA Housing Crisis Threatens Ontario’s Profitable Construction Sector, Industry Report Warns

There was a 68% increase in house prices between 2020 and 2021, but Collingwood is back to 2019 prices, Schnarre says.

Property sales in the area, which also includes Blue Mountains and Wasaga Beach, are down significantly from 2021, according to the Canadian Real Estate Association. But the average sale price of a home currently on the market is just under $900,000.

Engel & Völkers currently has several real estate listings in Collingwood for over $3 million.

“It’s an amazing time to buy,” Schnarre said.

Although Canada ranked first for the most unaffordable housing compared to 37 other developed countries in the OECD, Schnarre still believes there are bargains to be found.

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“I wouldn’t quote Trump any other time, but in the 90s he said Toronto real estate was undervalued and I agree with him,” she says. “I think it’s very comparable to other lulls in history, it’s cyclical, there’s always a correction.”

His key to selling is learning how to use all digital media platforms to “market your property”.

“I’m lucky because I have a huge, wide network of people from all walks of life,” which in turn makes “marketing” easier.

Her advice to buyers finding their dream home is to not be afraid to jump at the chance.

Schnarre says his career move to real estate puts him in control of his own success.

“As a model and actress, my destiny has always been in the hands of others. With real estate, I control my schedule and my success, which is important to me as a single mother,” she says. .

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“By the age of 16, I had made enough money through modeling to buy my first home. Finding the right home can be empowering and I want to help others have the same experience.”

After covering American vogue at age 14 and in the Sports Illustrated swimsuit number at age 15, Schnarre became an actress and television host after her modeling career. She has starred in more than 50 film and television roles, including Love glory and beauty, master of beasts and made appearances on Beverly Hills 90210, Andromeda, Carolina in the city, The King of Queens and Crack.

Schnarre then attended the University of California, Los Angeles, studying television journalism. She was a guest correspondent for talk and AND Canada

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