IT ’S GOOD TO BE A CANADIAN AND EVEN BETTER IF YOU LIVE IN THE DURHAM REGION! In the real estate arena, we’re seeing a shift of seismic proportions; inventory has increased dramatically since March, with no end in sight to the deluge of listings entering the marketplace. It’s great news for buyers, who now have a selection of homes to choose from, and we hope that translates to a further influx in migration from Toronto to our area. For sellers, it means strategy and... [read more]

J U N E ’ S  J U S T  J A Z Z Y ! This month is, without question, a pivotal month on the calendar. With the recent rate cut announcement from the Bank of Canada on June 5th and the rate was cut by 25 basis points for first time since 2020. The central bank's key interest rate now stands at 4.75%, down from 5%!  Stay tuned for the next rate announcement on July 24th, 2024. The last two years have proven that June has been the turning point of... [read more]

WELCOME TO THE ABTEAM MAY BLOG! May usually ushers in the right weather conditions and aesthetic appeal – green grass, trees in bloom and pools open --for many Canadian home sellers and buyers to deem it the peak of the spring real estate market. Most assuredly, it must be right? Well, contrary to this false but popular belief is the actual spring market activity, which this year, began the first week of January, and reached its zenith sometime before the end of... [read more]

MARKET UPDATE: Well… the market is never boring, let’s just start there. Time and again, our Canadian real estate market likes to remind us that it is a fully functioning, capitalistic, free market ecosystem – in constant flux, subject, of course, to various economic factors and marginally controlled by our democratic system of government, but overall, a force of its own, based almost exclusively on the whims and demands of consumers. Just like the stock market, real... [read more]

MARCHING TO THE BEAT OF THE SAME DRUM… If anything can be said about Canadian weather, its just how predictably unpredictable it so often is. Case in point: the winter season we are currently enjoying. With record setting high temperatures and a dearth of snow, the unseasonably mild start to the new year has sparked an early flurry of activity in the real estate market. The spring-like conditions have encouraged buyers out into house-hunting mode well in advance of what is... [read more]