Durham Region Real Estate News

Durham Region Real Estate News helps you analyze and interpret the current housing market conditions so that you can make a smart move no matter what the real estate market is doing.

Found 12 blog entries about Durham Region Real Estate News.

November 2016 Real Estate Market News

Average Sales Price In The Durham Region for November 2016

Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 919 residential transactions in November 2016, a 15 per cent increase from the same time last year. “The balance between supply and demand for homes continues to be very tight as we inch closer to the end of 2016,” stated O’Donohue. There were 1,154 new listings in November 2016 compared to 958 in November 2015. 

“It isn’t surprising that Durham Region continues to lead in average selling price increases throughout the Greater Toronto Area,” added O’Donohue. The average selling price in Durham reached $574,694 last month. In comparison, the average selling price was $455,603 during the same period last year; a 26 per cent

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October 2016 Real Estate Market News

Average Sale Price  October 2016

Home values are now going up faster in Durham Region than they are in Toronto. The average selling price in Durham hit $564,989 last month. In comparison, the average sold price in October 2015; a 27 per cent increase. The persistent increase is a direct reflection of Durham’s affordability and proximity.

A new mortgage rate stress test was introduced in October to address long-term housing affordability and will be applied to all new mortgages that are insured. “The test is here to protect homebuyers should interest rates rise,” said Sandra O’Donohue. “A number of factors will determine whether they do, but the important thing is that you can afford your home comfortably. If you’re in the market to buy a

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Durham Region Real Estate Statistics September 2016

Durham MLS Average Selling Price

The average selling price of homes across the Durham Region was $555,054 for the month of September 2016. In comparison, the average selling price was $438,462 the same period last year. This represents a 26 percent increase!

Durham Ontario Real Estate Stats

September 2016 Market News

Durham Region has seen substantial growth in prices and sales demonstrating strong demand. The average selling price in Durham reached $555,054 last month. In comparison, the average selling price was $438,462 during the same period last year; a 26 per cent increase.

Finance Minister Bill Morneau recently announced that the federal government is taking steps to ease emerging risks in Canada’s housing

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Durham Region Real Estate Statistics August 2016

Durham MLS Average Selling Price

The average selling price of homes across the Durham Region was $541,863 for the month of August 2016. In comparison, the average selling price was $446,311 the same period last year. This represents a 22 percent increase!

Durham Region Real Estate Statistics August 2016

August 2016 Market News

Durham Region continues to be an appealing market for home buyers because of its strong economy and quality education, healthcare and social services within arms-reach.

Following the introduction of a tax on foreign buyers in B.C. on July 25th, Vancouver home sales have dropped significantly for the month of August while the Greater Toronto area home sales reached new records. Juwai.com China’s largest foreign

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Durham Region Real Estate Statistics July 2016

Durham MLS Average Selling Price

The average selling price of homes across the Durham Region was $547,496 for the month of July 2016. In comparison, the average selling price was $448,048 the same period last year. This represents a 22 percent increase!

Durham Region Real Estate Statistics July 2016

July 2016 Market News

With listing shortages continuing to plague the Greater Toronto Area and Durham Region, British Columbia’s verdict to impose a 15 per cent tax on foreign buyers have driven worry in Ontario. “I welcome what [B.C.] is putting forward,” says Ontario’s Finance Minister, Charles Sousa. “We’re certainly looking at whatever options can be made available.”

 While the new tax may drive some purchasers to Ontario in the

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Home Buyers Can Learn How To Best Position Themselves To Win a Bidding War

Are bidding wars deterring you from pursuing your dream home?

Are you watching home after home disappear of the market before you even get a chance to bid on them?

In a strong seller’s market good homes are few and far between and they disappear fast making the competition between buyers fierce! In order to compete in a bidding war at the top of your game you need to be able act quickly without doing something stupid you might regret.

 Bidding war strategy

In this article you’ll learn why the asking price is totally irrelevant in a bidding war, ways to strengthen your offer without putting more money on the table, how to protect yourself from a "Phantom Offer" and a sneaky trick I

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Durham Region Real Estate Statistics June 2016

Durham Region Real Estate Statistics June 2016

June 2016 Market Summary

Demand in the Durham Region continues to exceed supply which has fueled strong competition between buyers. As a result of the strong consumer demand homes continue to sell quickly!

The GO Transit’s Lakeshore East extension and the 407 east extension into Clarington were much needed improvements to the transportation infrastructure in Durham Region. With ease of use directly impacting commuters, theses extensions will greatly improve the value of homes and increase demand of properties in our neighbourhoods for years to come.

Year Over Year Comparison

June 2016 saw a slight increase in residential transactions compared to the same period last year. So far every month

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Durham Region Real Estate Statistics May 2016

Durham Region Real Estate Statistics May 2016

May 2016 Market Summary

There is no shortage of buyers in the market for the month of May. Home prices have shown strong year-over-year increases in the Durham Region demonstrating a continual upward pressure in pricing. This is a healthy economic indicator,” explained Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue. “Durham Region has poised substantial growth in prices and sales demonstrating strong demand dynamics.”

Year Over Year Comparison

May 2016 saw an increase of 8.7 per cent in residential transactions compared to the same period last year. Yet again there was a 3.4 per cent decrease in new listings.

Durham MLS Average Selling Price

The average selling

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Durham Region Real Estate Statistics April 2016

Durham Region Real Estate Statistics April 2016 {Infographic}

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April 2016 Market Summary

Average prices in the Durham Region are continuing to rise to record levels, which in effect is creating more competition between buyers. Continued high demand has produced healthy price growth within Durham. An increase in prices also means that homes are selling faster than they were last year. The low interest rates help keep home ownership affordable while property values continue to rise, making Durham ON a great place to buy and invest.  

Year Over Year Comparison

Compared to April of 2015, we have seen a 0.5 per cent increase in the number of sales. To contrast, we have seen a 11.7 per cent decrease in the number of

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Durham Region Real Estate Statistics March 2016

Durham Region Real Estate Statistics March 2016 {Infographic}

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Demand has clearly not been an issue in Durham so far in the first three months of 2016. The number of listings hitting the market, however, continued to frustrate many ready and able home buyers. Sales growth could have been even stronger if it weren't for the lack of listing inventory, especially in the entry level price ranges. With competition between buyers continuing to heat up the rate at which home prices have been increasing is likely to continue if not accelerate. With our robust economy and the low cost of borrowing sales in the Durham Region are expected to remain strong.  

Year over year summary

Compared to March of 2015, we have seen a 7

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