-
What is a parking spot worth?
I took a look at what developers are charging for parking spots on newly built condos locally. Tribute has several towers on Simcoe and the lowest priced unit with a parking space is listed for $714,000. This unit is 828 sq feet. Another unit with no parking and at 482 sq ft is priced at…
|
-
Understanding Real Estate by Reading Trends
One thing I love to do is to make predictions. In December 2023 I made some predictions about where the values in Oshawa, Whitby and Clarington would be in May 2024. Let’s review my thoughts and see how accurate I was.The 4th quarter of 2023 was challenging time for Sellers, with values declining and sluggish sales. For…
|
-
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…
|
-
Another Federal Real Estate Incentive Disappears
It came, it went and honestly very few people had any idea what it was. I am talking about the “First Time Home Buyers Incentive” program. This complex program seemed doomed from the beginning, with the gain in equity shared by the Federal Government. The maximum a first time Buyer could spend to qualify for…
|
-
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.…
|
-
What the heck is an Early Adopter?
Reading a book by Simon Sinek, he goes deep into a subject that has always fascinated me. About how human nature can be mapped out on a graph and how the media, conversations with friends and the general public can influence buying habits. If you think of a line graph that starts out low and…
|
-
Hot Spots! Where Buyers and Sellers have the advantage in Oshawa, Whitby and Clarington
Our three communities share a shoreline on Lake Ontario, and when it comes to Real Estate that is about all they share in common. When the spring market begins, and yes, we are in the spring market currently, the 3 towns are like cars at the start line of an F1 race. Within the first…
|
-
Are we in 2024 or the Boom Market of 2021?
Are we back here again? Back here, meaning bidding wars, listing below market value and holding offers? The simple answer is yes. In the past week over 25% of all homes listed for sale from Whitby to Clarington place for sale with the agent holding offers to a specific date. Also, during the same time…
|
-
Investors are Back
Phil Collins recorded a song years ago that I love. “In the air tonight.” This song has never been more relevant than where we are currently with Real Estate in Durham Region. Or maybe the song “What a feeling” from Flashdance. Both of these songs share a similar message. There is a feeling that is…
|