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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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Buy Sell Love Durham vs. Google
Buy Sell Love for the win! We recently had a client who wanted to escape Durham region and move to an area where homes were much more affordable, lots were oversized, (in town) and the utility costs were dramatically less expensive. We are talking the east coast of Canada. We started helping them get their…
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The Importance of Reputation
“Reputation is like fine china. Once broken, it is very hard to repair.” — Abraham Lincoln On my way to work this morning, I caught an interview with a woman who had a “nightmarish” experience with a moving company. She commented that she found the company doing a google search and did a bit of…
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Helping Agents become better Realtors in Durham Region
I had a newer agent reach out to me, exasperated about how the market has shifted over the past few months. After a few minutes, I realized that they were unsure of how to manage the sale of a property they had on the market.For context, here is the reality of our professional Real Estate…
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Bubbles are things kids get excited about
I read a headline this week that I saw covered repeatedly online and on radio. (I do not own a TV however I am certain it was front and centre there as well.) It was penned by Manulife Financial; “Nearly 1 in 4 homeowners would have to sell their home if interest rates rise more.”…
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Getting accurate real estate information.
Musings from a cocktail bar in Yorkville, Toronto. Where do you go for accurate information on local Real Estate? When I say local, I mean Durham Region. It is challenging to wade through the dozens of articles that lead with shocking headlines, only to be followed up with questionable journalism. Here is an example: Reuters…
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Is it Time to Buy a Home or Sell a Home in Durham Region?
We have all been sensing a shift in the Real Estate market for the past month and rather than sound the alarm bells, lets get past the “click-bait” headlines and look at what direction the market is truly heading. The alarming news – Overall, the supply of active homes for sale in Oshawa, Whitby and…
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When Experience Matters in Real Estate
Let’s get honest for a few minutes. Our market is shifting, and we don’t know how long the shift will hang around. It might be a few months like we saw in 2017 or a 13 year drought after the housing market went sideways in 1991. However, there is some data that can shed light…
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Buying Netflix Stock in today’s market
There is a tie-in to Real Estate if you stay with me for a few minutes. In February if you decided to buy one Netflix share you would have paid $457. Today, you would pay $194. If someone suggested that you would pay a higher amount you would laugh. The prices for Real Estate are…
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Flipping Houses in Oshawa, Whitby and Clarington
I recently sold a home in Oshawa and the story behind another similar home in the neighborhood had me digging in to how “flips” work. I thought I would share my research into what happened to the home down the street from the one I was asked to help sell. I am going to keep…
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