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 ...
Durham Real Estate Market in April 2016
May 9, 2016
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 ...
Q & A: Who Is Responsible for Clearing Snow & Ice?
January 27, 2016
Q: Who is responsible for clearing snow and ice? A: If you own your home: Homeowners are responsible for removing snow and ice. If you have homeowner's insurance, your policy will cover the costs if someone else is injured, up to the maximum amount of coverage available. If the medical bills are higher than the coverage you have, you can be held personally responsible for those costs. If you rent: If you rent your home, you may or may not be responsible for removing ice and snow. If you rent or lease a single family home, you are likely responsible ...