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What is behind the ‘Cash for Homes’ Boulevard Signs?
Earlier this year, a client approached me to help sell his family home after his mom had passed. He mentioned the next-door neighbour (who actually had a rental property next to his parents’ home) had offered him a cash offer to sell. In the end, we listed the home for sale and attracted multiple bids,…
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Bank-Owned Power Of Sale Properties: What you should know
The inventory of homes for sale is building. At the end of August, we had 1,065 homes for sale in Durham Region, and as of today, we have 1,771 homes for sale. That is an increase of 66%! This is a good thing for Buyers, right? Well, in some cases, yes and in others, no.…
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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…
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Downsizing Baby Boomers in Durham Region
The definition of a Baby Boomer is “a cohort of people born between the ages of 1946 and 1964. They are preceded by the Silent Generation and followed by Generation X.” When society looks at the Baby Boomer generation, they tend to view a group of people who have amassed fortunes and will retire with…
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Opportunity time for Oshawa and Whitby Home Buyers!
The kiddies are back to school and life is beginning to look normal again for families. I say that somewhat “tongue in cheek” as my next-door neighbours are navigating 3 kids in school and rep hockey simultaneously. Typically, once the kids return to school, many parents turn their attention to moving to a different home.Since I began my career in 1986, the…
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Housing crisis, Sensational headlines and Solutions
Over the past few weeks, the news has been sensational, shocking, and explosive. When it comes to our Provincial government and their attempts to deal with what is being called a “housing crisis” it seems that everyone has an opinion of how to fix the issue or how to dismantle the efforts being taken to…
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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…
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When Statistics don’t tell the Truth
Here is a snapshot of Oshawa, Whitby and Clarington:Average Detached Home sale: July/23 August 21/23Oshawa: $906,000 $874,000Whitby: …
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Can you Buy a Home Making $90,000/year?
Sometimes it happens to the best of Realtors. I hosted an open house 45 minutes from my office on the weekend and when I got home, I realized I had the key in my pocket. Early this morning you would have found me zipping up north to put the key back into the lockbox. On…
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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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