Call Durham Region Home - Real Estate Blog

Listing Alert - #COMINGSOON
Attention Investors & First-Time Buyers!
Fabulous Opportunity To Own A Rare 4 Bedroom Semi In The Booming Community of North Oshawa. Close Proximity To 401, 407, Shopping, Schools, Durham College, Ontario Tech, Restaurants & Costco.
DM or 905-409-9967 for more information and to book
a private viewing.
jimstantonrealtor@gmail.com
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#trrebmarketstats are out for April 2022.
You may have heard... The market is shifting.
4 events causing the current shift or softening of the market that we are seeing are:
1. Interest rate increases
2. Federal budget
3. Inflation
4. Conflict in Europe
What does this mean?
There are some great opportunities for both buyers and sellers in this market. To capitalize on them it is important that you are equipped with the most current and accurate information.
If you are thinking of making a move give us a call. We study homes and home values daily and can help you make an informed decision.
☎ 905-995-3372 - 905-409-9967
bstantonrealtor@gmail.com
jimstantonrealtor@gmail.com
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Michelle McNally

Michelle McNally is a news writer for Livable, specializing in buyer guides and market explainers. She is a journalism graduate of Ryerson University and a past intern of CBC News Network. Michelle is a former market specialist for Livabl's parent company, BuzzBuzzHome, where she focused on developments along the American east coast. Michelle wrote her first literary epic in Grade 8 about a zombie who loved Fruit Loops. She enjoys baking and follows too many famous corgis on Instagram.



Why a Smaller City Could Be a Good Move

Over the course of the pandemic, homeowners have been re-evaluating what they need most out of their property. For some, this has meant packing up and downsizing to a smaller city or community for greater living space, privacy, and a more relaxed pace of life.

Both statistically and anecdotally, we’ve witnessed buyers moving to the suburbs and other rural areas over the past two years. Small towns like SquamishWasaga BeachKingston, and Collingwood have been home to some of Canada’s fastest-growing populations lately, a trend largely attributed to residents moving from urban centres in search of more affordable housing, according to a report from RBC Economics.

Link to full article https://go.shr.lc/3rgBQVy

Thinking about moving to a small town or city?

We can help! Call  or text us today at 905-409-9967 

This Weeks Active small town or city MLS Listings link

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SOLD OVER ASKING Congratulations to our seller on the successful sale of their Oshawa Semi! Thank you for the trust you put in our team to sell your home. We wish you all the best in your future!
Buying and selling your biggest investment is a serious undertaking. You need a dedicated team with a proven track record for amazing results working hard in your best interests. Call us today and let’s ensure you get the results you deserve.
905-995-3372 - 905-409-9967
bstantonrealtor@gmail.com - jimstantonrealtor@gmail.com
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Please visit our Open House at 658 Berwick CRES in Oshawa.
Open House on Saturday, April 2, 2022 2:00 PM - 4:00 PM
Listing Alert - Must See 2 Storey Semi-Detached Home 1st TIme Buyers - Investors - Great Location On Whitby/Oshawa Border In The Sought After Family Neighbourhood Of Mclaughlin. This Super 2 Storey Semi-Detached Home. features 3 large Bedrooms, 1.5 Baths, a Large Eat-in Kitchen - New SS Fridge and Stove, Finished Basement With a Large Rec Room, new Electrical Panel, 5 yrs' New Vinyl, Siding, and Windows, Soffits, Fascia and Downspouts. Large Private Driveway w/ parking for 5. Just Minutes From Schools, Shopping And Recreation Facility.Transit, and 401. Don't miss out on this opportunity! Call or text 905-409-9967 for more information and to book a private viewing.
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Please visit our Open House at 658 Berwick CRES in Oshawa.
Open House on Sunday, April 3, 2022 2:00 PM - 4:00 PM
Listing Alert - Must See 2 Storey Semi-Detached Home 1st TIme Buyers - Investors - Great Location On Whitby/Oshawa Border In The Sought After Family Neighbourhood Of Mclaughlin. This Super 2 Storey Semi-Detached Home. features 3 large Bedrooms, 1.5 Baths, a Large Eat-in Kitchen - New SS Fridge and Stove, Finished Basement With a Large Rec Room, new Electrical Panel, 5 yrs' New Vinyl, Siding, and Windows, Soffits, Fascia and Downspouts. Large Private Driveway w/ parking for 5. Just Minutes From Schools, Shopping And Recreation Facility.Transit, and 401. Don't miss out on this opportunity! Call or text 905-409-9967 for more information and to book a private viewing.
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I have listed a new property at 658 Berwick CRES in Oshawa.
1st Time Buyers - Investors - Great Location On Whitby/Oshawa Border In The Sought After Family Neighbourhood Of Mclaughlin. This Super 2 Storey Semi-Detached Home. Features 3 Large Bedrooms, 1.5 Baths, Large Eat-In Kitchen - New Ss Fridge And Stove, Finished Basement With A Large Rec Room, New Electrical Panel, 5Yrs New Vinyl Siding, Soffit, Fascia, Eavestrough, And Downspouts Large Private Driveway W/ Parking For 5. Just Minutes From Schools, Amenities, Transit, 401. Don't Miss Out On This Opportunity!
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I have listed a new property at 658 Berwick CRES in Oshawa.
Listing Alert - COMING SOON! 1st TIme Buyers - Investors - OPPORTUNITY KNOCKS! In The Sought After Family Neighbourhood Of Mclaughlin On Whitby/Oshawa Border! Just Minutes From Schools, Amenities, Transit, 401, And More. Call or text 905-409-9967 for more information and to book a private viewing. Great Location!! Super Starter...2 Storey Semi-Detached Home. 3 Bedrooms, 1 1/2 Baths, Large Kitchen w New SS Fridge and Stove, Finished Basement With Large Rec Room, new Electrical Panel, Large 3 Car Private Driveway. Close To Schools, Shopping And Recreation Facility.
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#trrebmarketstats are in for February.
Price growth remains high and although inventory remains low year over year, we are seeing a lot more homes hitting the market in the last couple of weeks. This is good news for buyers as they have more options available and potentially fewer competing offers.
Have questions about the market? Just ask.
905-995-3372
bstantonrealtor@gmail.com
jimstantonrealtor@gmail.com
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Yesterday the Bank of Canada raised its key interest rate to 0.5%. This was the first time the benchmark rate since 2018.
The Bank of Canada has indicated that this will be the first of a series of small rate hikes this year as part of the bank's strategy to combat inflation which is currently at its highest level since 1991.
For some perspective on how this will impact a variable rate mortgage, a 0.25% increase in your mortgage rate will account for approximately $13 for every $100,000.
The key question is how will this impact the real estate market?
According to CP24 (see link below) Most housing experts believe the overall lack of housing supply coupled with ongoing demand will keep housing prices strong.
The key thing to watch will be how many new listings come on the market as we move farther into 2022. If we continue to see low inventory the market will remain competitive.
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Whether you’re contemplating buying your first home, investment property, deciding to downsize or move to a bigger home,  there are many questions that need to be answered before you can get started.


Ask yourself these 4 "W" questions to make your decision to move an easy one.


1. WHY are you buying/moving?


Get grounded in why you want to move. Is it finally time to purchase your first home? Do you need more space for your growing family or now that the kids have left, is the big house too much? Are you moving because of necessity? Maybe relocating for work or some other reason. It can be tempting when you start looking at beautifully staged homes online to start imagining yourself elsewhere. This will help you stay focused on your needs and help you get real about whether now is the time to make a move.


2. WHEN would you like to be moved in?


Do you have a timeline or a deadline that you have to be moved by? This will put your search into perspective. If you need to move asap you have the motivation to get started now. If you want to be opportunistic you may want to be more aggressive in your preparation to ensure you’re ready if the right opportunity comes along. If not, you can take it slow. Either way finding the right resources, Realtors®, lenders who can support you at a pace that works for you is key.


3. WHERE would you like to be?


Is there a specific area, community, or building you want to be in?  Would you like to be closer to work, transit, recreation, schools, family/friends? Having a firm idea will allow you to assess your options and determine if you can make your move now. As your Realtor® we can help you assess the types of properties available in your desired area(s) and what home values are there.


4. WHAT type of home do you see yourself in vs. What you can afford?


This one is a two-parter. In today’s competitive market housing prices can be deceiving so getting a clear picture of what you’re looking for vs. what you can afford is the key final step to determining if now is the right time for you to make a move.


  1. What kind of home would you like to live in?

Would you prefer a condo or freehold, townhouse or detached? Bungalow, 2-story or split-level? New or resale? How big? How many bedrooms, bathrooms? Backyard or no backyard? How do your options reflect your needs or the needs of your family? What are your must-haves vs. your nice to haves?

  1. What is your budget to purchase that home? 

Understanding what you can afford will help narrow down your options to the best homes for you. From there you can determine if you’re ready to make a move.


Working with your Realtor®, we can connect you with lenders to help you understand your financing options. As your Realtors® we can help find the ideal properties that meet your needs within your budget and guide you through the whole process from start to finish.


Call us at the JSA team and we can help you gain greater clarity on your options and connect you to valuable resources to help you make this important decision. We treat our clients and prospective clients the way we’d want to be treated if we were in your shoes. Whether you're ready now or not, it's ok. No pressure. Just people helping people.

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Feeling grateful to be part of such an amazing brokerage at #SuttonGroupHeritage and to be recognized for our achievements in 2021.
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Winter has been a record period for Canada real estate
 
 
Here is a great article from 
Mon., February 14, 2022, 11:32 a.m.·5 min read
 

Homebuyers are used to Canada's real estate prices being led higher by big cities like Toronto, but few anticipated what would unfold in smaller cities and towns when COVID-19 hit.


The pandemic made many rethink their living situation. Working from home while being cooped up in a small condo wasn’t working, and big-city living was expensive.

So, buyers sought out more space and decided to drive until they qualify, especially in Ontario where prices have risen the most since the start of the pandemic. Low-interest rates also helped drive people into ownership.


Many ended up hours away from Toronto in places like Bancroft, the country’s leader in year-over-year average price gains of an astonishing 48 per cent.............Read More

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Here are 3 things to consider when choosing a Realtor®


Will they make you a priority? Are you their primary client or just one of several they are trying to service right now? You want an experienced Realtor® or team on your side working in your best interests. If they can’t put you first, it’s time to interview another agent.


Will they explain the process? It’s great to get down to brass tax but you need to know what to expect so there aren’t any surprises.


How well do they know the local market? Whether buying or selling you need a partner who’s familiar with home values in your market.


As a family-run business, our team’s focus has always been on service. Focusing on your unique needs is a priority for us. We want your real estate experience stress free so we explain the process and connect you to the resources you need. Finally, we study the market we serve every day so you can feel confident on offer day.


Call us today for a free no-obligation home buying and selling consultation.


Jim Direct: 905-409-9967

Ben Direct: 905-995-3372

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#trrebmarketstats are in for January.
The sellers market continues in January 2022, with lots of demand throughout the GTA and surrounding areas and extremely low inventory.
➡️Expect demand to continue in 2022 with some buyers leaving the market when interest rates increase, but a lack of inventory will persist keeping market conditions tight.
➡️TRREB is predicting a dip in the total number of homes sold through TRREB in 2022 with 110,000 sales and price increases of 12% putting the average price of a home to 1.2M.
Wondering how to take advantage of these market conditions or have a real estate question? Just ask.
905-995-3372
bstantonrealtor@gmail.com
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JUST SOLD! Legal Duplex with extra basement unit: 865 Simcoe St South
Thank you to everyone who showed/viewed the property.
Demand is high for these types of unique properties that offer great income potential. If you're looking for your next investment property or you have an investment or home you're looking to sell contact us for a complimentary consultation.
905-409-9967
jimstantonrealtor@gmail.com


#soldoverList
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