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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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Why Building More Homes will not fix our Housing Issues
For the past few years, we have heard that we are in a housing crisis with the common reasoning being that there are not enough homes for sale to meet demand. Here are some points to ponder that may give reason to think the issues are much deeper than supply issues. Let’s begin with what…
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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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Euphoria, Panic and Hope. Durham Real Estate in 2023.
Most people know what the 5 stages of grief are: Denial, anger, bargaining, depression, and acceptance. In real estate cycles there are also a set of emotions people experience during the ups and downs. Here is what the stages might look like. When it comes to Real Estate cycles there are a few parts of…
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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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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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The Importance of Reputation
“Reputation is like fine china. Once broken, it is very hard to repair.” — Abraham Lincoln On my way to work this morning, I caught an interview with a woman who had a “nightmarish” experience with a moving company. She commented that she found the company doing a google search and did a bit of…
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Is it Time to Buy a Home or Sell a Home in Durham Region?
We have all been sensing a shift in the Real Estate market for the past month and rather than sound the alarm bells, lets get past the “click-bait” headlines and look at what direction the market is truly heading. The alarming news – Overall, the supply of active homes for sale in Oshawa, Whitby and…
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Buying Netflix Stock in today’s market
There is a tie-in to Real Estate if you stay with me for a few minutes. In February if you decided to buy one Netflix share you would have paid $457. Today, you would pay $194. If someone suggested that you would pay a higher amount you would laugh. The prices for Real Estate are…
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The Durham Real Estate Market is Tanking
Did I grab your attention with that headline? Headlines exist to cause a reaction, and over the past few weeks I have had 2 experiences with Agents offering on homes I had on the market for sale, where the Agent narrative mirrored was being shared in the media. The first, was with a property I…
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