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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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Year End Durham Region Report Card
The end of the year is coming at us fast, and along with the report cards our kids will be excited to show us (or will hide in their backpacks,) we also have a report card for how Real Estate has reacted to the uncertainty of our economy and rate hikes. On a positive note,…
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Would you like to earn an extra $45,000/year?
Let’s go back to November 2010. Prince William and Kate announce their engagement, Conan O’Brien returns to late night tv and Taylor Swift has a number 1 song. If we play a game with two sets of players let’s see where the results of the game would 13 years later. First players, let’s call them…
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Durham Region Real Estate and Trust
I remember a few years ago I bought something from a local merchant at a busy market when travelling. Returning to my hotel, I checked my supply of cash and noticed that I was short-changed. I remember handing the clerk a $100 bill, and the item was $19. I had $41 in my pocket meaning…
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The Large Print Giveth, and the Small Print Taketh Away.
I met with a couple this past week, and our conversation reminded me of an important lesson I learned a few years ago. They shared that they were dealing with a professional who needed them to sign a rather sensitive document. The person emailed the copy to both clients, and the couple looked at the…
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What is behind the ‘Cash for Homes’ Boulevard Signs?
Earlier this year, a client approached me to help sell his family home after his mom had passed. He mentioned the next-door neighbour (who actually had a rental property next to his parents’ home) had offered him a cash offer to sell. In the end, we listed the home for sale and attracted multiple bids,…
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Bank-Owned Power Of Sale Properties: What you should know
The inventory of homes for sale is building. At the end of August, we had 1,065 homes for sale in Durham Region, and as of today, we have 1,771 homes for sale. That is an increase of 66%! This is a good thing for Buyers, right? Well, in some cases, yes and in others, no.…
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How Important is Local Media?
Bombshell news from last week. Metroland has filed for bankruptcy. In case you are unaware of Metroland they are the company behind the largest local print newspaper in Durham Region. They publish under the name “This Week” in most of the communities of Durham Region, and in total the company will cease to print 70…
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Downsizing Baby Boomers in Durham Region
The definition of a Baby Boomer is “a cohort of people born between the ages of 1946 and 1964. They are preceded by the Silent Generation and followed by Generation X.” When society looks at the Baby Boomer generation, they tend to view a group of people who have amassed fortunes and will retire with…
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Opportunity time for Oshawa and Whitby Home Buyers!
The kiddies are back to school and life is beginning to look normal again for families. I say that somewhat “tongue in cheek” as my next-door neighbours are navigating 3 kids in school and rep hockey simultaneously. Typically, once the kids return to school, many parents turn their attention to moving to a different home.Since I began my career in 1986, the…
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