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]

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]

WELCOME TO THE ABTEAM APRIL 2024 BLOG Well, it’s been an interesting year thus far in the world of real estate, to say the least. If there’s one thing that we have all learned over the course of the last few years, it’s to expect strong reactions in our local real estate market from whatever is happening in the financial markets, the global political landscape and even, the environment. A milder than normal winter translated to an early push to the... [read more]

5 Reasons Selling Without an Agent is a Bad Idea: Do-it-yourself projects are in vogue these days. You can find advice online for everything from investing in crypto-currency to tearing down the living room wall. When considering the cost of moving, it’s natural to wonder if real estate commissions are one way to save money, but it would be a mistake. A good real estate agent might make it seem easy, but the fact is that selling your own home could actually cost you thousands of... [read more]