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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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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…
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Why Experience Matters
Something fascinating happened over the past few weeks. I was contacted by a Seller who had listed his home with a friend, and after a few weeks he terminated the listing and approached me to see if I could sell his home. His friend, an agent from Toronto gave him a “good deal” and brought…
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Sales Storytime: 2 Homes, Same Street, Different Results
The story of two homes that were sold on the same street, and how the results were 180 degrees different. I listed a home for sale that had been owned by the same family for over 60 years. It was in original shape, not in poor condition however it needed upgrading throughout. My guess was…
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Deposits: Go big to get the home
If you were looking for advice about a medical issue, you would ask a doctor. With questions about taxes, you would go to an accountant and for issues with your car, you would no doubt ask a car mechanic. (Only after asking Ms. Google for her input.) Stick with me, I am going somewhere with…
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Tortoise and Hare
Sometimes by slowing down, you get more than you dreamed of. Last week we had a very interesting story unfold. We placed a property on the market at an asking price of $850,000. The same model had sold for $820,000 at the end of 2022, so with the market a bit higher currently our target…
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Standing at the End of a Diving Board
Ok, it’s time to make a few predictions. Let’s review where we are currently to where we were at the market peak in winter 2022. The top of the market for all of Durham Region was February 2022. The average home price at the peak was $1,229,000. As of the end of February 2023, values…
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Durham Region Real Estate Deja-Vu
Here is my recollection of the timeline we saw with Real Estate sales over the past few years. In 2017 we saw a drop in values after our Provincial Government implemented a foreign buyer tax. The reaction to the market was swift and brutal. From April until July 2017, values plummeted 25% in Oshawa alone.…
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