The real estate market hasn't slowed down much in November! Realtors(R) reported 919 Durham Region home sales through the Toronto Real Estate Board MLS(R) System in November 2016. This was 15% more than November of last year. For the broader Greater Toronto Area, there were 8,547 home sales reported, which was a 16.5% increase compared to November 2015. The average selling price in November 2016 was $574,694. This followed the trend of price growth year-over-year in 2016, with an increase of 26.1% from November 2015. For the entire GTA the MLS® Home Price Index (HPI) Composite Benchmark was up by ...
Durham Region Sellers Market Persists in November
December 5, 2016
Top 4 Overlooked Essentials for a Fabulous Holiday Gathering
November 21, 2016
The holiday season is fast approaching and no doubt your calendar is filling up with festive dinners, celebrating the season with friends. If you're planning to be on the hosting end, here are the Top 4 Overlooked Essentials for a Fabulous Holiday Gathering. Make your guests feel welcome with a signature beverage totoast to a happy, healthy holiday. Display your stemware, icebucket and pre-mixed signature drink on a bar cart, where guests can help themselves through out the evening. Whether you're hosting for another couple or for agroup of 10, it's helpful to set out name cards at eachplace setting ...
Durham Region home prices strongly up from fall 2015
November 4, 2016
REALTORS(R) reported 1,096 Durham Region sales through the Toronto Real Estate Board's MLS(R) System in October 2016. This was 10.8% higher than October 2015, and much higher than the 4.2% year-over-year growth in the number of new listings that entered the market. On a wider scale, Greater Toronto Area REALTORS® reported a record of 9,768 sales through TREB's MLS® System in October 2016, an increase of 11.5% compared to October last year. Detached home sales rose 10% year-over-year, driven primarily by transactions in the regions surrounding Toronto. "The record pace of GTA home sales continued in October, with strong growth ...
4 Affordable Renos That Look Like Expensive Upgrades
October 20, 2016
We all want our guests to think that our rooms could easily be included in the pages of a magazine. But a complete overhaul can be pricey and time-consuming, and isn't a realistic option for most of us. Trick your friends and family into thinking you had an expensive renovation anyway with these creative tips that tell you which areas to focus on to get the most bang for your buck. Crown molding: Known as jewellery for the walls, nothing says classic sophistication like crown moulding. This inexpensive, DIY-friendly project is an easy way to transform any room. Achieve a ...
Durham Region Housing Market Report on September 2016
October 7, 2016
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 ...
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 ...