The Vatandoust Sirrs Team Blog
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Real Estate Market Update for June 2018
Greater Toronto Real estate Board reported 918 residential transactions in June 2018 for Durham Region, a 6.87 per cent increase from May 2018 and a 7.92 per cent decrease from the same time last year. June also saw the number of new listings in Durham decrease to 1,895 from 2,247 new listings in May. The average selling price went up to $610,728 in June 2018, a 2.22 per cent increase compared to May 2018.
“Durham Region continues to offer the best home value in the GTA. According to the MLS® Home Index and Benchmark Price, Durham continues to offer affordable housing options for buyers,” said Dennis Roberts President of Durham Region Association of REALTORS® (DRAR) “Durham leads with the most affordable single-family detached, single-family attached, townhouses and apartments. For example, the benchmark price for a single-family detached home in Clarington is $546,700.”
“With a new provincial government at Queen’s Park and municipal election campaigns underway, Durham REALTORS® are continuing to ensure that home ownership, housing affordability and supply issues are top priorities for elected officials,” said Roberts.
The new Provincial Cabinet has plenty of representation from Durham Region. Peter Bethlenfalvy, the MPP for Pickering-Uxbridge, has been named the President of the Treasury Board. Ajax MPP Rod Phillips is the new Minister of the Environment, Conservation and Parks. Laurie Scott, Haliburton-Kawartha Lakes-Brock MPP, was named Minister of Labour. Former Whitby MPP, now representing Newmarket-Aurora, Christine Elliott has been named the Minister of Health and Long-Term Care and Deputy Premier. Durham MP Lindsey Park was named the Parliamentary Assistant to the Attorney General.