OCTOBER 2022 MARKETWATCH

Thursday Oct 13th, 2022

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In this edition of tempo, you will notice that we saw an uptick in the market for the month of August here in the Durham Region. The volume of sales increased, while our new listing inventory was lower than in July. The average price rose slightly in every category of detached, freehold homes, with beautiful, well-presented, properly priced properties experiencing multiple offer scenarios, many with competing offers counting into the teens. Houses took longer to sell but ultimately sold for... [read more]

YEAR OVER YEAR LISTINGS STILL STRONG IN DURHAM DESPITE COOLING MARKET

Monday Jun 6th, 2022

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DURHAM REGION, June 2, 2022 – The Durham Region Association of REALTORS® reported 1,025 transactions through their MLS® System in May 2022, down 5.9% from April 2022 and a 34.9% drop year over year. The local housing supply doubled to 1.4 months of inventory in May from only 0.7 months in March 2022. “Seemingly in response to increasing borrowing rates by the Bank of Canada, the market cooled slightly from April to May but only by 7%.” Stated DRAR President Meredith... [read more]

DECEMBER 2021 MARKET WATCH

Friday Jan 7th, 2022

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TORONTO, ONTARIO, January 6, 2022 – A record 121,712 sales were reported through TRREB’s MLS® System in 2021 – up 7.7 per cent from the previous 2016 high of 113,040 and up 28 per cent compared to 2020. Record demand last year was up against a constrained supply of listings, with new listings up by 6.2 per cent – a lesser annual rate than sales. The result was extremely tight market conditions and an all-time high average selling price of $1,095,475 – an... [read more]

How First Time Home Buyers Can Remain Calm In A Hot Housing Market

Tuesday May 11th, 2021

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It’s no secret that being a first-time homebuyer is stressful, especially right now. The average Canadian home price rose 31.6 per cent year-over-year in March to an average price of $716,828, according to the reports that there was only 1.7 months of inventory left at the end of March 2021 — the lowest reading on record. online mortgage affordability calculators to get a better sense of how far your budget will stretch to accommodate the total cost of housing... [read more]

LANDLORDS - 8 AMENITIES TO INCLUDE IN YOUR RENTAL UNIT

Monday Aug 30th, 2021

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The increase of pricing in the housing market and lack of inventory has left some potential homebuyers renting instead of purchasing. As a result, these renters may not just be viewing rentals as just a temporary steppingstone to homeownership and expect their rentals to have nicer amenities than in previous decades. If you’re a landlord, there are 8 amenities your rental should consider including: 1. Dishwasher – Rentals without dishwashers may experience more turnover than... [read more]

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