REAL ESTATE BLOG

Discover a world of knowledge! From buying and selling advice and local market news to home renovation tips and community events - it's all here! Feel free to leave a comment or question on any blog and you will surely receive a response.

Monday Feb 6th, 2023 Share

February 2023 Market Update

Media Release Durham Region Association of REALTORS® DURHAM REGION, February 3, 2023 – Durham Region Association of REALTORS® (DRAR) President Meredith Kennedy reported 394 residential transactions in January. The number of new listings in Durham Region increased from December by 88 per cent, with 863 new listings reported last month. The average price in Durham Region was $886,849 in January representing a slight increase compared to December. The average...

Thursday Jan 26th, 2023 Share

Bank of Canada raises key interest rate for eighth time, to 4.5 per cent. What you need to know!

The Bank of Canada raised its key overnight lending rate for the eighth straight time Wednesday morning, but signalled its rate-hiking campaign could finally be over. The move was widely expected by economists as the bank tries to wrestle record-high inflation into submission. It's the eighth time in less than a year that the bank has hiked its trendsetting rate — a move that will make borrowing money more expensive. But at one quarter of a percentage point,...

Wednesday Jan 11th, 2023 Share

Toronto Regional Real Estate Board (TRREB) Market Update | 2022 RECAP

A LOOK BACK IN 2022 AND AHEAD IN 2023:  Provided by Richard Robins International Interest rate hikes have undeniably eased a few scorching hot Canadian seller’s markets (which was needed). Unfortunately, though, we’ve also seen record declines in total sales month-over-month and, in some cases, close to the lowest posted sales numbers in 6 years.  Since January 2022, the Bank of Canada policy rate experienced 7 different rate hikes, taking us from 0.25 in...

Friday Jan 6th, 2023 Share

January 2023 Market Watch

  We get asked this question everywhere we go, especially at this time of year, as a new year is about to unfold before us. We love having the conversation. Educating homeowners and homebuyers on what is really happening, devoid of the hype written in almost every news outlet, is a privilege to us. Here’s our position for the coming housing market year in our area…   For 2023, we are anticipating a market in correction for the first half of the year,...

Thursday Dec 22nd, 2022 Share

December 2022 Market Watch

' Tis The Season... It’s the most wonderful time of the year once again, when holiday joy fills the heart! This year, more than ever, the whole world needs a little more hope, a little more grace, and a little more peace...it is our greatest wish that this Christmas, your lives will be blessed with happiness, health and everything that is good and positive, beautiful and kind. At our brokerage, the holiday spirit is alive and well. We kicked off the season with our annual...

Friday Nov 11th, 2022 Share

NOVEMBER 2022 MARKET WATCH

THE MARKET IS STILL STRONG IN DURHAM REGION… FOR THE MEANTIME! Many of our average selling price categories look very similar to those of last month; with some even rising, like that of the condo apartment. While our market continues to adjust to higher borrowing costs and squeezes out a significant number of potential players from our buyer pool, the real estate market in our area continues to weather the storm quite well. How is that possible, you may ask? Well, the September...

Thursday Oct 13th, 2022 Share

OCTOBER 2022 MARKETWATCH

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...

Tuesday Aug 30th, 2022 Share

SEPTEMBER 2022 MARKETWATCH

  While this month’s edition may read a little “doom and gloom”, bear in mind that the summer market is always slower than the rest of the year, and our statistical analysis is reflective of what happened for the month of July -- a notoriously quieter month on the resale calendar. That, coupled with rising interest rates, out of control inflation and a new tentativeness in the buyer psyche, equals a very changed landscape in the world of real estate. Once the kids...

Monday Jun 6th, 2022 Share

YEAR OVER YEAR LISTINGS STILL STRONG IN DURHAM DESPITE COOLING MARKET

Monday May 16th, 2022 Share

TEMPO:

Thursday Feb 3rd, 2022 Share

JANUARY 2022 MARKET WATCH

Friday Jan 7th, 2022 Share

DECEMBER 2021 MARKET WATCH

Monday Aug 30th, 2021 Share

LANDLORDS - 8 AMENITIES TO INCLUDE IN YOUR RENTAL UNIT

Tuesday May 18th, 2021 Share

VIP BUYER'S PROGRAM

Tuesday May 11th, 2021 Share

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

Thursday May 6th, 2021 Share

Is Your Credit Score Strong Enough To Buy A Home?

Friday Apr 30th, 2021 Share

Tips for the First-Time Home Seller

Monday Apr 26th, 2021 Share

Keeping the Homeownership Dream Alive

Friday Apr 16th, 2021 Share

5 Reasons Selling Without An Agent is a Bad Idea

READ MORE