-
Durham Real Estate – Timing is Everything
Last week was March break and typical for this week many of the Buyers who would normally be looking, were entertaining their children. A recent survey found that 59% of recent Buyers were married couples and with this, March break normally sees a slight slowdown in Buyer activity. This year was no different. Comparing the…
|
-
Real Estate Investors Love Durham Region
With investors returning to Real Estate many have chosen Durham Region as the best place to invest in. There are many reasons for Durham being their first choice and I felt it would be best to share why so many investors look east of Toronto when considering purchasing a rental. Let’s begin with rents. When…
|
-
The Truth about Durham Region Real Estate
Confused about where our Real Estate market is heading in 2024? Your confusion is a reasonable response. Let’s take a look at some of the headlines and predictions: When it comes down to predicting where our Real Estate market is heading, journalists seem to be clamouring to share with readers what their “crystal balls” reveal.…
|
-
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,…
|
-
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…
|
-
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…
|
-
Experience from the 90’s Helping Home Sellers in 2023
A quick review of mortgage rates in Ontario looks something like this; eeek!The Bank of Canada started to increase rates last March and we have seen the lending rates have increased from .25% to 5%. These increases have happened over 10 resets of the lending rate. No one can argue that mortgage rates are higher than…
|
-
Is it Time to Head in the Opposite Direction?
We recently saw a concert at Ontario Place. It was the Tadeshi – Trucks band, and if you like Southern guitarists, you would love this group of Southern rockers. I thought as we were waking into the show, literally in a sea of people, that we had really no control over what direction we were headed and it…
|
-
Buying a Condo Townhome or Detached home in Durham Region
What is the best investment? I recently sold a condo townhouse and during the selling process I had some very interesting conversations. A comment made by a renter who was looking at buying a home was that they felt condo townhomes would not increase in value like semi-detached or detached homes would, so they wrote…
|
-
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.”…
|