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Has $599,900 become the most common asking price in Oshawa?
Yes, we appear to be heading back “there.” “Where?” you ask…. Well back to the craziness of placing homes on the market at ridiculous low prices and having Buyers bid the prices up. In the past 10 days there have been 50 homes sold in Oshawa. Of those homes sold, 9 were listed under $700,000…
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Durham Region Real Estate Rental Report
I spend much of my time reading reports on Real Estate and most articles and blog posts discuss Buyers, Sellers and the state of the market as it relates to mortgage rates. What I rarely see is information about how the rental market is doing in Durham Region. I thought it would be worthwhile to…
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Are we in a Buyer’s Market or a Seller’s Market?
I had a conversation with a newer agent over the weekend who did their best to convince me that we are in a full-on Buyer’s market. The number of homes for sale is up, prices are flat, and the selling times have increased. I simply nodded thinking to myself, “this agent may have never seen a true Buyer’s market.”…
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A Conversation about Renting vs. Owning
I had a chat with a friend over the weekend who shared with me how owning a property was for him, not an option. Not because he could not afford one, but because he felt that owning Real Estate would impact his life in not so positive ways. One thought was that by owning a…
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How Can I Make $4,500 from a $1,000 Investment?
When I started my career in the 1980s, one of the central themes for Buyers was to work toward paying the mortgage off. I remember mortgage document “burning parties” where a group of friends would get together and celebrate a mortgage being paid off and getting calls from a homeowner who shared that they had…
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Mortgage renewal? Your Decisions Could be Worth Thousands.
I attended a housewarming party this past weekend that was super fun. The Buyers of a condo did a complete renovation and invited the professionals they hired to help them along with some of their friends. We were invited as their realtors, along with the person who helped design the kitchen, the general contractor and…
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Busting through Real Estate Myths
I thought I would take some time and offer some truths on common misconceptions in the world surrounding Real Estate. I have heard many things Buyers and Sellers have shared with me over the past 40 years that might fit more into “wives’ tales” or just plain silliness. Let’s look at a few of the ideas that…
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What is a parking spot worth?
I took a look at what developers are charging for parking spots on newly built condos locally. Tribute has several towers on Simcoe and the lowest priced unit with a parking space is listed for $714,000. This unit is 828 sq feet. Another unit with no parking and at 482 sq ft is priced at…
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Shop Local. Where People Go for Real Estate Information on Durham Region
I understand why many people are confused about Real Estate in Ontario. A quick Google search titled “Real Estate News Ontario 2024” returned a list of responses, and as confusing as they are here are some of the top picks. It is apparent that finding information about the Real Estate market is a challenge, especially…
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Understanding Real Estate by Reading Trends
One thing I love to do is to make predictions. In December 2023 I made some predictions about where the values in Oshawa, Whitby and Clarington would be in May 2024. Let’s review my thoughts and see how accurate I was.The 4th quarter of 2023 was challenging time for Sellers, with values declining and sluggish sales. For…
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