During September 2016, there were 1,090 homes reported sold in the Durham Region. This was 11% more than the sales from September 2015. September was the first month in 2016 where the number of new listings entering the market was higher than the same month in 2015. For the entire Toronto Real Estate Board there were 9,902 sales reported for September, 21.5% greater than the month last year. The average sale price jumped up 26.6% in the Durham Region for September 2016 compared to the previous September, reaching $555,054 and showing the largest year-over-year increase for 2016. For all of ...
Durham Region Housing Market Report on September 2016
October 7, 2016
Real Estate Market Update on August 2016 in Durham Region
September 9, 2016
REALTORS(R) reported 1,132 sales in the Durham Region through the Toronto Real Estate Board's MLS(R) System in August 2016, representing an increase of 15% over August last year. For the Greater Toronto Area, a record of 9,813 sales were reported for August 2016. This was 23.5% greater than the sales in August 2015 but this August had two more workdays than 2015. Since most transactions are reported on workdays this does skew the numbers higher. "The conditions underlying strong demand for ownership housing remained in place, including a relatively strong regional economy, growth in average earnings and low borrowing costs ...
Let There Be Light
August 25, 2016
When decorating, light is one of the most essential factors to consider when selecting a paint colour for your home. Does your space have natural or artificial light? Is the room north or south facing? Will the time of day affect the way the colour appears? Colours change under different lighting conditions, so here, Benjamin Moore's colour and design expert, Sharon Grech, shares her tips on how to create harmony with light and colour: Consider the source: There are three primary sources of light: direct sunlight, indirect sunlight and artificial light. While natural light is the most "true" light with ...
Hot July in Durham Region Real Estate
August 5, 2016
In July 2016 there were 1,200 home sales in the Durham Region, as reported through the Toronto Real Estate Board. This was less than 1% higher than July of last year. Of the eight municipalities that make up Durham, Oshawa led the way with 28.8% of the sales and easily beat Whitby's 18.9%. On a wider scale, there were 9,989 total home sales reported through TREB. Just short of 10,000 transactions, this was the best result on record for the month of July. In the Durham Region the number of new listings entering the market in July 2016 dropped year-over-year ...
High demand and strong price growth for first half of 2016
July 8, 2016
In June 2016, REALTORS(R) reported 1,471 residential sales in the Durham Region through the Toronto Real Estate Board's MLS(R) System. This was only 3 sales more than June of last year and 1.8% higher than May 2016. The number of residential transactions for all of TREB in June 2016 was 12,794. That figure is 7.5% more than sales reported in June 2015. The average price in Durham Region for June 2016 was $542,314, up 19.9% from last year's June and outpacing the growth of the Greater Toronto Area. For all of TREB, the MLS® Home Price Index Composite Benchmark increased ...
May 2016 Home Market in Durham Region
June 8, 2016
Durham Region Association of REALTORS(R) (DRAR) reported 1,445 residential transactions in May 2016, which was an increase of 8.7% from May last year. For the same period, the number of new listings coming on the market decreased by 3.4%. For the Greater Toronto Area (GTA), the Toronto Real Estate Board reported 12,870 home sales through its MLS(R) System last month. That sales figure was a new record for the month of May and 10.6% higher than that of the previous May. The average selling price in Durham hit $531,051 last month. This was a 15.3% increase over May 2015 and ...
Durham Real Estate Market in April 2016
May 9, 2016
The Toronto Real Estate Board announced that there were 12,085 sales reported through TREB's MLS(R) System in April 2016. This number is 7.4% higher than April 2015 and sets a new record for the month. Durham Region Association of Realtors (DRAR) reported 1,322 sales in April 2016, holding steady compared to last April. For the same period, DRAR reported a decrease of 11.7% in new listings entering the market. "While April's sales result represented a new record for sales, that number could have been even higher if we had benefitted from more supply," said TREB President Mark McLean. "The lack ...
March & Q1 in Durham Region & the GTA
April 12, 2016
For the first quarter of 2016, home sales reported for the Durham Region were up 8.3% from Q1 of 2015. For just the month of March the rise was less, with 1,166 sales yielding 7.4% year-over-year. For all of the Toronto Real Estate Board first quarter sales were up 15.8% over last year and March sales were up 16.2% from March 2015. At the same time new listings coming onto the real estate market dropped for both the Durham Region and the Greater Toronto Area compared to last year. The Durham Region saw an average price growth of 13.8% in ...
February Was a Hot Month in Real Estate
March 4, 2016
Durham Region Association of REALTORS(R) (DRAR) reported 845 residential transactions in February 2016, which was 16% higher than sales in February of last year. New listings coming on the market didn't keep pace and actually declined by 2.9%. Greater Toronto Area (GTA) REALTORS(R) reported a record number of home sales through the Toronto Real Estate Board (TREB) - up by 21.1% over February 2015 and beating the previous record set in 2010. New listings with TREB were up from last February but at 8.2% they still fell behind the sales growth. This shows a tightening of market conditions compared to ...
2016 Starts Off Strong for Durham Region Home Market
February 5, 2016
Durham Region Association of REALTORS(R) (DRAR) reported 508 residential transactions in January 2016, which was about the same as the previous January. However, new listings coming on the market dropped by 10.9%. For the Greater Toronto Area (GTA), REALTORS(R) reported 4,672 residential transactions in January 2016 through the Toronto Real Estate Board (TREB). This result represented an 8.2% growth over January 2015. The average selling price for Durham Region homes in January 2016 was $446,117, showing a 9.2% increase from January 2015. The MLS(R) Home Price Index Composite Benchmark Price for the GTA in January 2015 was up by 11.2 ...