Randy Miller

Broker Of Record

Urban Avenue Realty Ltd., Brokerage

Whitby & Brooklin Real Estate

Office 905-430-1800

Direct 905-430-9444

Email: randy@randymiller.ca

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June, 2015. Greater Toronto REALTORS® reported 11,706 sales in May 2015.  This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014.  For the TREB market area as a whole, sales were up for all major housing types.  However, in the City of Toronto, where the supply of low-rise listings has been constrained, sales were down for detached homes.

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Toronto MLS New Listings

For Toronto Real Estate Board President Paul Etherington it is clear that home ownership remains “top of mind as a quality long-term investment for GTA households”.  Despite a shortage of listings in some market segments there is a record number of sales reported through TREB’s MLS® System for the month of May.

Toronto MLS Average Price
Record May transactions, coupled with a dip in the number of homes available for sale, resulted in strong price growth.  The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent year over year in May.  The MLS® HPI uses benchmark homes to estimate price growth.

The average selling price for all home types combined in May 2015 was up by 11 per cent annually to $649,599.  The higher annual rate of average price growth compared to the MLS® HPI Composite Benchmark points to the fact that the proportion of high-end home sales continued to be greater compared to 2014.

Housing Affordability

According to Jason Mercer, TREB’s Director of Market Analysist, tight market conditions, especially for singles, semis and town homes in the GTA, have resulted in strong price growth.  “With no relief so far on the listings front, expect similar rates of price growth as we move through the remainder of 2015.  At this point, a number of months where listings growth outstrips sales growth would be required to satisfy pent-up demand,” said Mercer.

Toronto MLS Sales with Trendline
Toronto MLS New Listings with Trendline
Toronto MLS Avg Price with Trendline

Durham Region a great place to invest

Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 1,320 residential transactions in May 2015. This result represented a small decrease from 1,334 in May of last year.  Sales and listings have remained proportionate in comparison to last year as the amount of listings also slightly decreased.

Average Selling Price Housing Durham Region 

In May 2015 the average price of a detached home in Durham Region reached $502,079. In May 2014, detached homes sold for an average of $428,914, which demonstrates a year-over-year increase of over 17 per cent. The average price for all home types in Durham was $449,837 last month, an increase of 15.1 per cent compared to the same period last year.

“Lack of inventory encouraged competition between buyers which puts upward pressure on selling prices,” stated O’Donohue. "We expect similar rates of price growth to continue into the second half of 2015. Borrowing rates help keep home ownership affordable while property values continue to rise, which makes Durham Region a great place to invest”.

If you are looking for a house in Durham Region or are already a homeowner and wish to move to a new house in Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice or Bowmanville, please contact me for more information.

Having sold real estate in Whitby and the Durham Region for over 20 years, I can help you with both - the buying and selling process.

Randy Miller
Broker of Record
Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby
905-430-1800

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Housing Bubble

 According to The Globe and Mail the Bank of Canada’s top brass assured a parliamentary committee that Canada’s bloated housing market has not become a risky asset bubble, despite the central bank’s own calculation that house prices nationwide are roughly 20 per cent overvalued.

“We don’t believe we’re in a bubble,” Bank of Canada Governor Stephen Poloz said in testimony Tuesday to the House of Commons Standing Committee on Finance. He said Canada’s long-running boom in the housing market hasn’t been underpinned by the kind of rampant speculative buying that is the hallmark of an asset bubble.

“Our housing construction has stayed very much in line with our estimates of demographic demand,” he said. “There’s no excess.”

This despite the central bank’s own estimate, published last December in its Financial System Review, that Canada’s housing market is overpriced by between 10 and 30 per cent.

Mr. Poloz indicated that he believes the overvaluation is not a symptom of runaway prices and widespread investor speculation, but rather of ongoing strength in consumer demand spurred by historically low interest rates – rates that were cut by the central bank in order to keep consumer demand buoyant to support Canada’s economy during the Great Recession.

“This is one of the by-products of what we’ve been through. It’s not something that happened simply by itself,” he said. “It would be very unusual to have that and not have a degree of overvaluation.”

Mr. Poloz added that the overvaluation doesn’t necessarily mean the market is in need of a 10-to-30-per-cent downturn to bring it back into balance. He said that rising incomes as the economy gains momentum could help close the affordability gap, without a sharp drop in home values.

“We believe that as the fundamentals catch up with it, it will be sustained,” he said.

Senior Deputy Governor Carolyn Wilkins added that the central bank still believes Canada’s overall housing market is “headed for a soft landing,” despite the sudden oil-shock upheaval that threatens considerable instability in Alberta’s until-recently booming housing sector.

“We’re not expecting whatever transpires in Alberta to create spillovers that, from a financial stability standpoint, would be worrisome for the rest of Canada.”

Mr. Poloz also defended the Bank of Canada’s surprise cut of its key interest rate in January, which critics fear may exacerbate Canadian households’ already hyper-extended mortgage and debt loads.

“On the surface, lower interest rates would be expected to promote more borrowing, which would increase this vulnerability,” he said in his opening statement to the committee. “However, in the near term, lower borrowing rates will actually mitigate this risk, by reducing payments for mortgage holders and giving us more economic growth and employment gains.”

“We believe that the best contribution the Bank can make to lowering financial stability risks through time is to help the economy return to full capacity and stable inflation sooner, rather than later.”

Mr. Poloz added that he believes the January rate cut, which reduced the bank’s key rate to 0.75 per cent from 1.00 per cent, is doing its job in helping the Canadian economy weather the effects of the oil shock – although he admitted that the evidence of the cut’s impact “is thin at this stage.”

“The evidence we have at present would be primarily in the export sector,” he said, where the resulting decline in the Canadian dollar has been boosting exporters’ Canadian-dollar cash flow and improving their price competitiveness in export markets.

Source:  Bank of Canada's Poloz dispels speculation of housing bubble by DAVID PARKINSON, The Globe and Mail


For more insight into the housing market within Durham Region, the Whitby real estate market, or the Brooklin real estate market, contact me. If you are an existing homeowner and are thinking about a, move, I can tell you what your house or condo is worth in today’s marketplace.

Randy Miller
Broker of Record

Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby

905-430-1800

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Home in Durham Region

MoneySense magazine has ranked Durham/Oshawa as one of the Top 10 cities in Canada for the best deals in real estate for 2015. The ranking refers to the Oshawa census area, which includes Whitby and Clarington.

Click on the picture below to view the full ranking! Source: MoneySense 

Oshawa Ranking Best Cities to Live in Canada

The rankings of the country’s largest cities are based on housing value, price momentum, economic strength and rental income potential, with Durham/Oshawa placing 10th on the list of Top 35 cities in the county to buy and own real estate in now.

According to the study, the average price for a home in Durham/Oshawa is approximately $387,000, with an impressive 10-year price appreciation of 6.9 per cent. MoneySense measured real estate value using Canada Housing & Mortgage Corporation data on average home and rental prices for each of the 35 cities.

“Oshawa is one of the best places to live and invest,” said Mayor John Henry. “Residents and investors enjoy an exceptional quality of life with top-notch post-secondary options; job opportunities in growth sectors; and a wide variety of leisure and recreational opportunities. All these assets are underscored by an integrated transit network that includes Highways 401 and 407, Durham Transit, GO Transit, VIA Rail, airport and harbor. We have it all.”

“Oshawa has a robust housing market with both existing home sales and sales in new subdivisions,” added Councillor John Aker, Chair of the Development Services Committee. “There is excellent choice and value for home buyers who want to live in a healthy, safe and progressive community.”

If you are looking for a house in Durham Region or are already a homeowner and wish to move to a new house in Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice or Bowmanville, please contact me for more information. Having sold real estate in Whitby and the Durham Region for over 20 years, I have excellent market knowledge and can help you with both - the buying and selling process. 

Search Homes for Sale in Durham Region

Randy Miller
Broker of Record
Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby
905-430-1800

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Sales and Price Up Year-Over-Year in March 2015

April 7, 2015. Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions.

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“Home sales increased compared to last year as the cost of home ownership remained affordable, with lower interest rates going a long way to mitigate the effect of rising home prices. However, a substantial amount of pent-up demand remains in place, especially as it relates to low-rise market segments. This suggests that strong competition between buyers, which has fuelled strong price growth so far this year, will continue to be experienced throughout the spring,” said Mr. Etherington.

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In March, the average selling price for all reported transactions was $613,933 – up 10 per cent year-over-year. The MLS® HPI Composite Index, which tracks benchmark homes with the same attributes from one period to the next, was up by 7.9 per cent. Average price growth was strongest for detached homes in the City of Toronto, at 15.9 per cent. Over the same period the detached MLS® HPI in the '416' area code increased 7.8 per cent.

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The MLS® HPI provides a clear indication of price growth due to market forces - the relationship between demand and supply. Comparing MLS® HPI growth to average price growth provides a sense of the changing mix of home types sold from one period to the next.

"It is clear that seller's market conditions in many parts of the GTA are driving price growth. However, looking at the detached market segment in the City of Toronto in particular, growth in the average selling price outstripped growth in the MLS® HPI. This points to the fact that the mix of detached homes sold this year compared to last has shifted towards more expensive properties," said Jason Mercer, TREB's Director of Market Analysis.

Increased Average Home Prices in Durham Region

Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 1,086 residential transactions in March 2015.

This resulted in an increase of 14.7 per cent from 947 in March of last year. “The number of sales increased significantly year-over-year, however, we are still seeing less inventory compared to the same period last year” reported O’Donohue. Durham saw 1,527 new listings enter the market in March 2015 compared to 1,553 in March 2014. “This makes for competition between buyers and drives home prices up” explained O’Donohue.

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The average selling price in the Durham Region reached $430,291 in March 2015. In March 2014, the average price of a home in the Durham Region was $380,267. “Low interest rates are keeping home ownership affordable even with the rise in home prices” explained O’Donohue. Average price growth was strongest for townhouses in the Durham Region, at 15.3 per cent compared to the same period last year.

Competition between buyers has also had an effect on the sale price over list price percentage. “We have seen homes sell for an average of 101 per cent of the asking price. This is a factor that is driving prices up across the Durham Region, and is an indicator of a strong seller’s market,” explained O’Donohue. In March of last year, the average home sold for 99 per cent of its asking price.

"Durham is still experiencing a seller’s market. However, low borrowing rates are keeping home ownership affordable” explained O’Donohue. “Buyers continue to view home ownership within the Durham Region as a great long-term investment”.

If you are looking for a house in Durham Region or are already a homeowner and wish to move to a new house in Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice or Bowmanville, please contact me for more information.

Having sold real estate in Whitby and the Durham Region for over 20 years, I can help you with both - the buying and selling process. 

Randy Miller
Broker of Record
Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby
905-430-1800

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Quarterly Economic Forecast 2015

Here are the key highlights from the quarterly forecast:

-We continue to see the impact of lower oil prices play out in the Canadian economy. Lower gas prices expected to save Canadians households up to $800 in 2015

-$600 of that will be absorbed by the higher cost of imported consumer goods

-unemployment rate could reach 7% by the end of this year

-BOC expected to hold rates until the end of 2016- this will continue to drive a strong housing market!

-crude oil could hit a new low of $40US a barrel before landing in around $65US on average in 2016

-core inflations expected to be just shy of BOC's 2% target through 2015 and into 2016 

Click on the link below to read the full TD Quarterly Forecast:

http://www.td.com/document/PDF/economics/qef/qefmar2015_canada.pdf 

To learn more about local real estate market conditions in Whitby, Brooklin, Ajax, Pickering, Oshawa, Courtice and Bowmanville, please contact me. 

Randy Miller
Broker of Record

Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby

905-430-1800


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Rising house prices

Housing markets across much of province could be boosted by slumping oil and improving U.S. economy, economist predicts.

Toronto’s record house prices could soar a further 17 per cent by the end of 2017 as the lack of supply in the face of unrelenting demand continues to drive prices far beyond the rate of inflation, says the chief economist of Central 1 credit union.

Long-time housing watcher Helmut Pastrick says those who caution that Toronto’s market is in bubble territory and about to burst are based on “inadequate models” that ignore some key basics.

“The principal drivers of home prices are market demand and supply fundamentals. Toronto’s population is growing and supply is limited. Prices will keep rising until the next economic recession, whenever that is.”

Barring any unforeseen global crises, that’s at least two years off, predicts Pastrick, who’s studied the housing market for 40 years, 18 years as chief economist with Credit 1, the umbrella organization for about 130 credit unions in Ontario and B.C.

Ontario housing markets, with the exception of Toronto, have largely underperformed since 2001. But that’s now likely to change in the face of the “economic seismic shift” of slumping oil prices that may be a drag on the Canadian economy but a boon for Ontario exporters and manufacturers, says the economic forecast being released Thursday.

He anticipates that Toronto home prices, which averaged $573,183 in 2014 could soar to $670,000 by the end of 2017. Ontario house prices, which averaged $430,984 in 2014, could hit $496,000 during the same time.

Southwestern Ontario, and especially communities with a strong manufacturing base such as Windsor and Sarnia, are likely to see an uptick in jobs and economic growth which could play out in strong house sales and above-inflation price increases to the end of 2017, he adds.

Regional markets around the GTA — such as Kitchener-Waterloo, Barrie, Hamilton and the Niagara Peninsula — could also see a surge in sales partly as a result of Toronto’s tight market. That could translate into house price gains in the 16 per cent range over the next three years, says Pastrick.

The Canadian Real Estate Association recently predicted that low oil prices could result in a 1.1 per cent decline in national home sales through 2015, but a 2 per cent increase in average prices.

Read the full article: http://www.thestar.com/business/2015/03/25/torontos-record-house-prices-to-rise-further-by-2017.html By: Susan Pigg Business Reporter, Published on Wed Mar 25 2015

To learn more about local real estate market conditions in Whitby, Brooklin, Ajax, Pickering, Oshawa, Courtice and Bowmanville, please contact me.

Randy Miller
Broker of Record

Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby

905-430-1800

 

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March 4, 2015. Greater Toronto Area REALTORS® reported 6,338 home sales in February 2015, that’s a substantial 11.3 per cent year-over-year increase compared to February 2014.  Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions.


Toronto MLSsales.jpg

Mr. Paul Etherington, TREB President, said that even with the record low temperatures last month, there was still an increase in the number of people purchasing homes in the GTA.  This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live.

Toronto MLSNewListings.jpg

The overall supply of homes for sale was down by 8.7 per cent compared to the same count in February 2014.  This means that market conditions became tighter, leading to more competition between buyers.


AvResaleHomePrice.jpg

The overall average selling price for February 2015 home sales was $596,163 – up by 7.8 per cent compared to the average for February 2014. In the City of Toronto, the average detached selling price moved above $1 million dollars for the first time in a calendar month. 


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NewListingsTrendline.jpg
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Affordability.jpg

“The strong year-over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low-rise home types like singles, semis and townhouses are concerned,” said Jason Mercer, TREB’s Director of Market Analysis. 

Buyers continue to see home ownership as a great investment

Sandra O’Donohue, President of Durham Region Association of  REALTORS®,  reported 728 residential transactions in February 2015. This result is up 13.9 per cent from 639 in February of last year. Inventory remained almost the same year-over-year with 1,085 new listings entering the market compared to 1,073 in February of last year.

DurhamHousingMarket.jpg

The average selling price in the Durham Region reached $420,718 in February 2015. O’Donahue said that the average home price has continued to rise into 2015, representing a 12.8 per cent increase from February 2014. “The driving force behind the higher sale prices is the shortage of inventory compared to the demand of buyers. This trend is what we call a seller’s market” explained O’Donohue. Another indicator of a seller’s market is the amount of time a home spends on the market before it is sold. Homes are selling in an average of 17 days in the Durham Region, which is significantly faster than last year with an average of 23 days on the market.

Even with the robust price growth, there is strong demand for home ownership in the Durham Region which is demonstrated by the higher number of sales and the climbing sale prices. So buyers continue to view home ownership within the Durham Region as a great long-term investment.

If you are looking for a house in Durham Region or are already a homeowner and wish to move to a new house in Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice or Bowmanville, please contact me for more information.

Randy Miller
Broker of Record

Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby

905-430-1800

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January, 2015. Greater Toronto Area Realtors® reported 92,867 residential sales through the TorontoMLS system in 2014, including 4,446 in December. The calendar year 2014 sales result represented a 6.7 per cent increase over the 2013 sales figure of 87,049 and was just short of the record set in 2007. 

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According to Toronto Real Estate Board President Paul Etherington, GTA households realize that home purchases have been a quality long-term investment. While home prices certainly increased substantially in 2014, the purchase of an average priced home remained affordable, in terms of the average household's ability to comfortably cover their monthly mortgage payments.

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The average selling price continued to grow on a year-over-year basis in calendar year 2014, with an 8.4 per cent increase over calendar year 2013 to $566,726.  This included a seven per cent increase in the December 2014 average selling price to $556,602.  Throughout 2014, annual increases in the average selling price and the MLS® HPI Composite Benchmark were consistently reported on a monthly basis for most market segments, from detached homes through to condominium apartments. 
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Jason Mercer, TREB’s Director of Market Analysis, said the reason for the strong price growth in 2014 was the constrained supply of listings. Especially for singles, semis and town houses. This resulted in more competition between buyers and more aggressive offers.

Record High Sales And Average Prices For 2014 in Durham Region

Durham Region Association of REALTORS® President Sandra O’Donohue reported 10,841 residential sales through the MLS® System in 2014, including 478 in December. The 2014 sales result represents a 5.1 per cent increase compared to 10,312 sales in 2013.
Along with a record high number of sales, the average selling price for 2014 also set a record for Durham Region. In 2013 the average selling price was $357,529, while the average selling price for the calendar year 2014 reached $391,692, an increase of 9.6 per cent.
This is also a result of high demand for homes coupled with a shortage of listings. O’Donohue said that the 2014 sales figures show the importance of home ownership for Durham households.

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Randy Miller
Broker of Record
Royal Heritage Realty Ltd.
Offices in Pickering and in Whitby

905-831-2222
 

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December, 2014.
Greater Toronto Area REALTORS® reported 6,519 residential transactions through the TorontoMLS system in November 2014. This result was up by 2.6 per cent compared to 6,354 sales reported in November 2013.  Through the first 11 months of 2014, total sales amounted to 88,462 - up 6.6 per cent compared to the same period in 2013. 

Toronto MLS sales comparison.JPG

Toronto MLS new listings comparison.JPG

While the trend of year-over-year sales growth continued, the supply of listings remained constrained, with active listings at the end of November down in comparison to last year.

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"Even with a constrained supply of homes for sale in many parts of the Greater Toronto Area, buyers continued to get deals done last month. Households remain upbeat about home ownership because monthly mortgage payments remain affordable relative to accepted lending standards. This is coupled with the fact that housing has proven to be a quality long-term investment," stated Toronto Real Estate Board President Paul Etherington.

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The average selling price for November transactions was up by 7.4 per cent year-over-year to $577,936.  The year-to-date average price was up by 8.4 per cent to $567,198. The MLS(R) Home Price Index Composite Benchmark price for November was up by 7.7 per cent compared to a year earlier.  

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Continuing Price Growth in Durham Region

Jane Hurst, President of Durham Region Association of REALTORS® (DRAR), reported 740 sales through the MLS® System in November 2014. This is a 2.8 per cent increase compared to 720 sales in November 2013. Through the first 11 months of the year, 10,367 residential sales were reported, up 5 per cent compared to 9,872 over the same period last year.

The average selling price for November transactions was up 9.7 per cent year-over-year to $404,196. The year-to-date average selling price was also up by 9.7 per cent bringing the average price for the first 11 months of 2014 to $392,027.

Hurst said that the strong average price growth experienced throughout 2014 has been consistent with a higher demand for homes than the market could supply. There is also a strong competition between buyers which puts upward pressure on selling prices. This trend is expected to continue into the early months of 2015.


Durham Sept 2014

For more insight into the houses within Durham Region, the Whitby real estate market, or the Brooklin real estate market, contact me. If you are an existing homeowner and are thinking about a, move, I can tell you what your house or condo is worth in today’s marketplace.

Randy Miller
Broker of Record
Royal Heritage Realty Ltd., Brokerage
905-430-1800

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Canadian Real Estate Market stays hot


There are early indications that September appears to have been another strong month for Canadian home sales.


That is based on data that some local real estate boards have released in recent days about how their housing markets fared last month. The number of existing homes that changed hands in Toronto was up 10.9 per cent from a year earlier, in Calgary it was up almost 12 per cent, and in Vancouver 17.7 per cent. And that’s in comparison to a reasonably strong month: sales in September, 2013, were slightly above the 10-year average for that month.


A comprehensive picture won’t be available until the Canadian Real Estate Board, which represents realtors, compiles all of the local statistics and releases national September data on Oct. 15. Many cities have not released their numbers publicly yet, and the ones that have tend to be in some of the country’s stronger housing markets. Quebec and the Atlantic region, where more markets are struggling, are not represented below.


But the strength of Calgary, Toronto and Vancouver’s housing markets tends to pull up the national averages, and so the numbers here suggest that the national figures will point to a market that still has momentum.


CALGARY HOUSING MARKET


-Sales were up almost 12 per cent in September from a year ago. The local real estate board says the unexpected strength came from a surge in condo and townhouse sales.


-Condo sales so far this year are 21 per cent higher than during the same period last year, while the number of sales of detached homes has risen by just 7 per cent. Affordability is driving the shift. Two years ago, 44 per cent of the detached houses that sold from January through to the end of September went for less than $400,000, according to the real estate board. So far this year only one quarter of the houses have sold for less than that.


-The average price of a detached house in the city was $567,653 in September, up 10.81 per cent from a year earlier. The average price of a condo was $326,264, up 9.21 per cent. For townhouses it was $352,813, up 4.21 per cent.


-The average length of time it takes to sell a home continues to tick downwards. Year-to-date the average number of days a home is on the market before it sells (for all types of homes) is 34, down from 42 in the same period last year.


TORONTO HOUSING MARKET


-Sales were up 10.9 per cent from a year earlier. So far this year sales in the city are 6.9 per cent higher than during the same period last year.


-The average selling price was $573,676, up 7.7 per cent from a year earlier. The average selling price year-to-date is $563,813, up 8.5 per cent from last year.


-“If the current pace of sales growth remains in place, we could be flirting with a new record for residential sales reported by (Toronto Real Estate Board) members this year,” TREB’s director of market analysis, Jason Mercer, stated in a press release.


-The average selling price of detached homes in the downtown area covered by the 416 area code was $951,792, up 11.5 per cent from a year earlier. For condos in the same area it was $395,505, up 9.2 per cent.


DURHAM REGION 

No Fall for Durham Housing Market


Durham Region Association of REALTORS® (DRAR) reported 970 sales in September 2014, which represents a 14.8 per cent increase compared to 845 sales in September 2013. On a year-to-date basis, sales were up 5 per cent annually through the first three quarters of the year.


President Jane Hurst states that the increase in sales activity stems from increasing buyer interest. "We also saw a 21.7 per cent increase in the number of resale homes entering the market since last month". The number of new listings that entered the market in September 2014 was 1,471 compared to 1,209 in August 2014.


There was also a large increase in the average selling price in Durham. The average price of resale homes in Durham Region in the month of September reached was $401,713. This represents a 13.6 per cent increase over the same period last year.


Avg. Selling Price Durham Region


Property values continue to rise, people are still willing to buy and borrowing rates are low which keeps home ownership affordable.  Everything combined makes Durham Region a great place to work and live.


(Source: The Globe and Mail, Tara Perkins)


If you are looking for a house in Durham Region or are already a homeowner and wish to move to a new house in Pickering, Ajax, Whitby, Brooklin, Oshawa, Courtice or Bowmanville, please contact me for more information.

 

I can answer all of your questions, help you find the right neighbourhood and the perfect house at a great price. Having sold real estate full time in Whitby and the surrounding areas for over 20 years, you can assured of exceptional local market knowledge and  skilled representation. Nothing beats experience.

 


Randy Miller 

Broker   

Re/Max Rouge River Realty Ltd., Brokerage 

905-668-1800 or 905-427-1400


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