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The Current State of Real Estate
Durham Region Real Estate November 2022. Last year the talk around water coolers, hockey rinks, and bars in Ontario was about how we could find out way out of the Real Estate crisis we found ourselves in. Jump to November/22 and guess what? The market has shifted, and we are still in a Real Estate Crisis. Real Estate is…
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The difference between a Flipper and a Homeowner
Over the past decade, we have seen new home sites open their sales offices with long lineups and almost immediately install “sold out” signs. I remember walking around downtown Toronto and seeing long lines, finding out that a new condo building was selling condos that were not set to close for a couple of years.…
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House prices are coming down, why are rents going up?
Housing prices have declined since February 2022 but guess what? The price of renting a home or apartment has jumped similar to how the values of homes increased during the pandemic. To help clarify why rents have risen it helps to look as an investor does when considering buying a property to offer as a rental. The average price…
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Neighbours and Developers – A Love/Hate Relationship
A few weeks ago, I went to a local councillors debate here in Durham Region. It doesn’t matter which community as I felt the debate topics covered issues and talking points found in most towns. Especially, with candidates having limited or no knowledge of how the municipal act controls much of what goes on when it comes to, well…
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Fence-Sitting? Time to Jump
Rates are up. Inflation is up. Uncertainty is up. Why would anyone consider buying now? This could be the best opportunity for a Buyer in the past year to buy a home. Let’s dig in and find out why. In February, the average home in Durham was selling for $1,209,000 and as of the end…
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Would you Bet on a Sure Thing?
There are two parallels with the economy that are unfolding. One is the stock market, and the other is our local Real Estate market. The Dow Jones had an amazing rally that started in July and peaked in mid-August. Below is a graph and for those who like numbers, at the beginning of August the…
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Be like Warren, not like Cynthia and Bob
Look over there, way over there. There is a couple, let’s call them Cynthia and Bob and they are sitting on the bleachers sipping lattes. What is important about this couple? They are Buyers, sitting on the sidelines waiting. Waiting for, well in the words of Dr. Suess…“Waiting for the fish to bite, or waiting…
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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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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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Current Real Estate Prices in Oshawa, Whitby and Clarington. Cherry-picking the sales.
Where are we currently with pricing locally? Here is a snapshot of prices for all homes along with detached homes singled out as of Feb 22/22… 2-22-22 has a ring to it: Oshawa: All homes – $1,176,000 Detached – $1,223,000Whitby: All homes – $1,239,000 Detached – $1,567,000Clarington: All homes – $1,223,000 Detached – $1,263,000 To…
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