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]

Durham Housing Market Off To Strong Start in 2022 DURHAM REGION, February 2, 2022 – The Durham Region housing market is off to a strong start in 2022 despite a bitter Canadian January. Continued lockdown restrictions hampered Open Houses and many other traditional industry selling resources but we are encouraged by our REALTORS® continued creativity when it comes to utilizing virtual and digital media platforms to showcase their clients properties. Durham Region Association of... [read more]

  A SHIFT FOR SPRING! In the real estate world, we have seen a radical shift in the market since the third week in February and the repercussions are showing up on our stats for the month of March, reported here. Inflation, the Russian war on the Ukraine, the threat of looming interest rate hikes and just recently, the release of the new Federal budget, have all contributed to a massive increase in listing inventory since the beginning of March, thus changing the landscape for... [read more]

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]