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When Strategies Work Against You
We recently had an experience that caused quite a bit of conversation and introspection. What came out of the experience was a short list of “things that sounds sexy to a Seller, yet do not serve them.” The experience that had us looking at how different strategies work and how what worked before, is not…
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Are Bidding Wars still a Thing?
In the past week, Oshawa had 57 properties sell and of those homes, 27 sold for over the asking price. This would indicate that over 50% of the properties sold had multiple bids. It looks like little has changed however when we in dig a bit, we can see that the market slowing down has…
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Has the definition of Luxury Real Estate changed?
When I was growing up many of my friends dreamed of buying a luxury car like a BMW or Mercedes Benz. By the time I was in my late 20’s these cars became as common as Ford F150’s. Leasing and creative financing options allowed regular folk to drive these fancy wheels. Over the last few…
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Raising Rates are like Grounding a Teenager
The average prices are in for July and guess what? The values dropped. Here is what they looked like for detached homes in June over July: Oshawa – June/22 $886,000 July /22 $816,000 (-$70,000)Whitby – June/22 $1,123,000 July/22 $1,097,000 (-$26,000)Clarington – June/22 $999,500 July/22 $909,000 (-$90,500) This should surprise no one who has been following…
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A Tale of Four Houses
It was American Thanksgiving, and I was in Phoenix doing my best to enjoy a turkey dinner whilst recovering from emergency dental surgery. In-between bites, I ended up selling a home in east Oshawa. The Sellers ended up settling a good price which helped them move to a rental and enjoy the equity their home…
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What does July, 2022 and 2008 have in common?
It’s not the average price of a home in Oshawa, Whitby or Clarington. In 2008 the average detached home averaged $283,000. Currently, the average is $993,000. It’s not the price of a litre of gas. In 2008 a litre of gas was about .78 cents and currently, it is floating around $1.80. No, it’s mortgage…
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Buy Sell Love Durham vs. Google
Buy Sell Love for the win! We recently had a client who wanted to escape Durham region and move to an area where homes were much more affordable, lots were oversized, (in town) and the utility costs were dramatically less expensive. We are talking the east coast of Canada. We started helping them get their…
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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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Bubbles are things kids get excited about
I read a headline this week that I saw covered repeatedly online and on radio. (I do not own a TV however I am certain it was front and centre there as well.) It was penned by Manulife Financial; “Nearly 1 in 4 homeowners would have to sell their home if interest rates rise more.”…
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Getting accurate real estate information.
Musings from a cocktail bar in Yorkville, Toronto. Where do you go for accurate information on local Real Estate? When I say local, I mean Durham Region. It is challenging to wade through the dozens of articles that lead with shocking headlines, only to be followed up with questionable journalism. Here is an example: Reuters…
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