Durham Region REALTORS(R) entered 51.8% more listings into the Toronto Real Estate Board’s MLS system during April 2017 compared with April of last year, with a total of 2,433 new listings. The broader Greater Toronto Area also saw a jump in new listings as REALTORS(R) entered 33.6% more new listings year-over-year. Durham Region home sales rose somewhat to 1,485 last month, amounting to a 12.3% year-over-year increase from April 2016. On the other hand, the figure fell slightly for the total sales for the TREB market area. GTA sales were 11,630 – down 3.2% year-over-year. One factor ...
Real Estate Market Report on April 2017
May 5, 2017
March 2017 Sizzling spring market
April 7, 2017
Durham Region Realtors(R) reported 1,349 sales during March 2017. This was 15.7% higher than March of last year. For the broader Greater Toronto Area, REALTORS® reported 12,077 residential sales through the Toronto Real Estate Board MLS® System in March 2017 - an increase of 17.7% compared to March 2016. In the Durham Region, the number of new listings coming on the real estate market in March 2017 rose by 22.1% from last March, and outpaced the increase in sales. For the GTA, new listings increased 15.2% on a year-over-year basis, with the strongest growth in the detached market ...
Durham Region Housing Market in February 2017
March 13, 2017
Durham Region Realtors(R) reported 833 sales during February 2017. This was 1.4% lower than February 2016, though since 2016 was a leap year the number of sales per day was still up this year compared to last. For the broader Greater Toronto Area, REALTORS® reported 8,014 residential sales through Toronto Real Estate Board MLS® System in February 2017. This result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year. While the demand for homeownership grew over the past year, new listings entered into TREB's MLS® System in February were down ...
Durham housing market in January 2017
February 6, 2017
The first month of 2017 has continued the trend of last year, with growth in the number of sales and the average home sale price. In the Durham Region the number of homes sold through Toronto Real Estate Board's MLS System was 595, an increase of 17.1% from January of 2016. For the Greater Toronto Area, REALTORS® reported 5,188 residential sales in January 2017 which was up by 11.8% compared to the sales reported in January last year. At the end of last month the number of active listings on TREB's MLS System for the Durham Region (351) was a ...
Durham Region Sellers Market Persists in November
December 5, 2016
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 ...
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 ...