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What does July, 2022 and 2008 have in common?
It’s not the average price of a home in Oshawa, Whitby or Clarington. In 2008 the average detached home averaged $283,000. Currently, the average is $993,000. It’s not the price of a litre of gas. In 2008 a litre of gas was about .78 cents and currently, it is floating around $1.80. No, it’s mortgage…
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Changing Interest Rates: An opportunity for Real Estate in Durham Region
The mortgage rates have jumped up over the past month by more than ½%. How is this change affecting the market?The easy way to look at it is to see how much the costs of carrying a mortgage have increased. Another approach when you lean into the question a bit deeper that might surprise you…
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