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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…
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The important differences between Tulips and Real Estate
Let’s take a few minutes and think of when Spring arrives. For gardeners it is June. For mountain bikers it’s April. For Wendy Starr, who was raised in Arizona, it is March. And for Real Estate it’s January. Before you stare at your monitor and whisper “has Lindsay Smith gone bonkers,” hear me out. The…
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Reflections on a Turbulent Year
2023 is now a closed chapter in Real Estate history books. It was quite the year. If we ponder where we were a year ago, homes selling with conditions returned, the average home in Oshawa, Whitby and Clarington sold for asking price and in January, 260 homes in total sold. Detached homes in Oshawa started…
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Dealing with the February Blahs in January
Here we are at the beginning of January and looking back to last year, the opening of 2023 was bleak. Bleak from a weather standpoint. A headline from the Toronto Star stated: “It wasn’t your imagination: Ontario experienced it’s darkest winter in more than 80 years.” When prolonged darkness happens many feel the desire to…
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2023 Real Estate Trends
2023 was a wild ride. Part of it was like swooshing down a waterslide at Disney and at other times it was like pushing Jello up a set of stairs. It was also a year that our Region saw some trends develop in Real Estate and like Jello and water parks, some of the trends…
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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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