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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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Be like Warren, not like Cynthia and Bob
Look over there, way over there. There is a couple, let’s call them Cynthia and Bob and they are sitting on the bleachers sipping lattes. What is important about this couple? They are Buyers, sitting on the sidelines waiting. Waiting for, well in the words of Dr. Suess…“Waiting for the fish to bite, or waiting…
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Is it Time to Buy a Home or Sell a Home in Durham Region?
We have all been sensing a shift in the Real Estate market for the past month and rather than sound the alarm bells, lets get past the “click-bait” headlines and look at what direction the market is truly heading. The alarming news – Overall, the supply of active homes for sale in Oshawa, Whitby and…
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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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Two out of Three Ain’t Bad
I’m hearing thoughts with Meatloaf’s voice in my head lately. In my blog dated November 15th, 2021, I made some forecasts. Looking at the inventory and Buyer demand I came up with predictions for Real Estate prices in our area for the winter market. I refer to my “crystal ball” quite often, sharing how it…
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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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