Welcome home all 1st-time buyers
to 985 Southgate Drive, Oshawa
Features Eat - in Kitchen / Large L Shaped Living Dining Rooms
Overlooking Beautiful Back YardWith Newer 2 Tier Deck -
- Renovated Main Bathroom On 2nd Floor With 3 Large Bedrooms W/
New Premium Laminate Flooring - Freshly Painted /
Newer Windows & Patio Door and more.. view listing here
Open House Sunday March 6th 2 - 4 pm
Call Jim for more details!
#1st-time buyers #updatedhome #DurhamRealEstate #OshawaRealEstate
Market Statistics - Weekly Sales Report - February 18, 2016
Coming Soon!
985 Southgate Drive - Oshawa
Spacious updated 3 bedroom semi located minutes to shopping transit and 401 is situated on a mature lot - large L shaped living dining rooms overlooking beautiful back yard with newer 3 tier deck - - eat in kitchen - renovated main bathroom on 2nd floor with 3 large bedrooms w/ new premium laminate flooring - freshly painted / newer windows & patio door - partially finished basement w/ 3 piece bath / lookout basement.
Deep driveway. Call Jim for more information about this Great Home!
Direct number call or text 905-409-9967
To Checkout this weeks hot #Bungalows-for-sale in #DurhamRegion - #PickeringBungalows - #AjaxBungalows -
#WhitbyBungalows and #OshawaBungalows
Go to #BungalowDen.com
Province Announces Funding to Help Home Owners Improve Home Energy Efficiency
TORONTO, ON--(Marketwired - February 04, 2016) - Today, the Government of Ontario announced the creation of a new program to help Ontarians improve the energy efficiency of their homes. The province is investing $100 million from the Ontario Green Investment Fund to provide rebates for home owners who conduct an energy audit on their property and then complete retrofits recommended by the auditor.
"Today's announcement is good news for Ontario home owners," said Patricia Verge, president of the Ontario Real Estate Association (OREA) and Realtor with Royal LePage Team Realty, brokerage in Ottawa. "Rebates are a great way to help consumers make green decisions when it comes to home retrofits or renovations."
Read the Full Article Here .........
| Market Watch |
Strong Start to 2016
February 3, 2016 -- Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB's MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015.
"It is clear that the handoff from 2015 to 2016 was a strong one. This is not surprising given that recent polling conducted for TREB by Ipsos suggested 12 per cent of GTA households were seriously considering the purchase of a home in 2016. Buying intentions are strong for this year as households continue to see home ownership as an affordable long-term investment," said McLean.
The MLS® Home Price Index Composite Benchmark Price for January 2016 was up by 10.7 per cent on a year-over-year basis. The average selling price over the same period was up by 14.1 per cent.
The difference in the annual growth rates for the MLS® HPI and average price was largely due to a greater share of high-end detached homes sold in the regions surrounding the City of Toronto this year compared to last. The MLS® HPI removes the impact of shifts in the share of different property types sold from one year to the next.
"Market conditions in January were tighter compared to a year earlier, with an annual increase in sales up against a decline in listings. This is why growth in the MLS® HPI benchmarks continued to be strong, especially for singles, semis and townhouses, where there has been a persistent lack of inventory," said Jason Mercer, TREB's Director of Market Analysis.
Happy Ground Hog Day!
Winston is our Groundhog from the cottage in Apsley predicts 6 weeks ?
Ontario's Wiarton Willie expects six more weeks of winter.
Two of Canada's famed four-legged forecasters have made clashing weather predictions.Nova Scotia's Shubenacadie Sam is calling for an early spring while Ontario's Wiarton Willie expects six more weeks of winter.According to tradition, if the groundhog doesn't see its shadow when it emerges from its burrow on Groundhog Day, an early spring is in store. read the whole story here and let me know your prediction .............................
#Groundhogday
The pre-spring real estate market is in full swing!
I was out pre-viewing open houses this past weekend and there was a real buzz of activity for all 8 listings I viewed. Listing prices are up! This price increase along with changes to the amount buyers will need for down payments on homes over $500,000 which takes effect on February 15th, is definitely motivating buyers to get into the market as soon as possible.
The Durham Region is also seeing a resurgence of new home developments. In Whitby there is a large project underway at the Country Lane Golf Club site, as well as many smaller projects on infill sites. Pickering has 8,000 homes being built by various builders over the next decade in the new development of Seaton now open and the City of Oshawa approving 1,300 new homes and a large commercial shopping centre development on part of the Winfield Farm lands.
How the resurgence of New Home Developments will Effect You
With the surge in openning of New Home’ sales centres, the resale market has competition that it hasn't had in over a decade. Over the past 10 years the resale market has flourished. This is in part due to low interest rates, government incentives to update your resale home, along with a steady supply of buyers and a lack of housing inventory.
The past 4 years we have seen a Seller's Market and the outcome has been record prices and sales stats. With the influx of New Homes the resale market is about to face some fierce competition. This will be to the benefit of buyers who are sick ,and tired of facing multiple offer situations, unfortunately as a seller you may not be receiving the bounty of offers that we have come to expect in today’s market.
If you have been thinking of selling, take advantage of the current situation and don’t wait until the market starts to cool. Call Jim Stanton and Associates today and we will provide you with a free no obligation Home evaluation and give you the professional advice that you deserve.
Free Real Estate Consultation
Nervous about making the right decision? We can help. Sit down with Jim for a free one-hour consultation session. No commitment required!
In a recent Forbes online article - Easing The Financial Impact of divorce in Retirement the article says dvorces are skyrocketing for people in their 50s and 60s. Between 1990 and 2012, the number of divorces among people 55 to 64 more than doubled and tripled for those 65 and older, according to a study by Susan Brown, I-Fen Lin and Krista Payne of Bowling Green State University. read more ..........
#Retirement
in a recent article published in the HuffingtonPost.ca
The countdown is on: on Feb. 15, 2016, Canada's new mortgage rules kick in, mandating higher minimum down payments for homes priced higher than $500,000.
But if you're planning to buy a home for less than that figure, you're in luck -- there's plenty of hot markets across Canada with average home prices of less than $500,000. Read more ............
#DurhamRegion #WhitbyRealEstate #first-timebuyers 1st-timebuyers
The Bank of Canada will maintain its target for the overnight rate at 1/2%.
Just Released
The Toronto Real Estate Board has just released the 1st of it's kind very comprehensive market year in review and market outlook report. This report includes a market in review and home buyers survey - market outlook and home buyers survey for 2016 - a vision for the Greater Golden Horseshoe and - the new home market.
TREB has been working to provide their Real Estate Professional members more information to help us serve our clients. I appreciate all the work that goes into all the Market information and thank them for their efforts.
TREB Market Year in Review and Outlook Report click link to open report
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