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The difference between a Flipper and a Homeowner
Over the past decade, we have seen new home sites open their sales offices with long lineups and almost immediately install “sold out” signs. I remember walking around downtown Toronto and seeing long lines, finding out that a new condo building was selling condos that were not set to close for a couple of years.…
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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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Flipping Houses in Oshawa, Whitby and Clarington
I recently sold a home in Oshawa and the story behind another similar home in the neighborhood had me digging in to how “flips” work. I thought I would share my research into what happened to the home down the street from the one I was asked to help sell. I am going to keep…
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Current Real Estate Prices in Oshawa, Whitby and Clarington. Cherry-picking the sales.
Where are we currently with pricing locally? Here is a snapshot of prices for all homes along with detached homes singled out as of Feb 22/22… 2-22-22 has a ring to it: Oshawa: All homes – $1,176,000 Detached – $1,223,000Whitby: All homes – $1,239,000 Detached – $1,567,000Clarington: All homes – $1,223,000 Detached – $1,263,000 To…
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Why do homes with pools sell in the Winter?
Let’s jump back in time, say to 1997. This was an amazing year for Real Estate. In fact, it was the best year for sales in a decade. Detached homes had been increasing in value since a correction in 1990 and the future looked rosy. One other component of the market in the late 1990s…
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