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Tenants Bill of Rights – Hot Air or Help?
Recently our federal Government has announced they are in the process of creating what they are calling the “Tenants Bill of Rights.” Let’s dig into this and determine if it is going to be a benefit for renters or just political folly. A quick background on rentals in Ontario reveals a bleak picture. If we…
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Reflections on a Turbulent Year
2023 is now a closed chapter in Real Estate history books. It was quite the year. If we ponder where we were a year ago, homes selling with conditions returned, the average home in Oshawa, Whitby and Clarington sold for asking price and in January, 260 homes in total sold. Detached homes in Oshawa started…
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A broken clock is right twice a day
Let’s take a “stab” at where the market will be at the end of the spring market in 2024. Spring in Real Estate tends to end about the time the tulips are breaking ground… so around the first of May. Here is what detached homes are selling for currently: Durham Region – $988,000 Oshawa –…
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Tortoise and Hare
Sometimes by slowing down, you get more than you dreamed of. Last week we had a very interesting story unfold. We placed a property on the market at an asking price of $850,000. The same model had sold for $820,000 at the end of 2022, so with the market a bit higher currently our target…
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Why do homes with pools sell in the Winter?
Let’s jump back in time, say to 1997. This was an amazing year for Real Estate. In fact, it was the best year for sales in a decade. Detached homes had been increasing in value since a correction in 1990 and the future looked rosy. One other component of the market in the late 1990s…
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