Coming Soon to TREB MLS
Rare Immaculate 5 bedroom Executive Home - Exceptional Location on Highly Desirable Street In north Whitby’s Pringle Creek Community - Brookwood Neighbourhood! - within Walking Distance To Award Winning Schools - ,
Just Minutes From Parks, Schools, Recreation Centre’s, Heber Down Conservation Trails, & New Taunton Gardens Shopping Centre! Close Connections To Transportation,401,412 & 407.
Coming Soon to TREB MLS
Rare Immaculate 5 bedroom Executive Home - Exceptional Location on Highly Desirable Street In north Whitby’s Pringle Creek Community - Brookwood Neighbourhood! - within Walking Distance To Award Winning Schools - ,
Just Minutes From Parks, Schools, Recreation Centre’s, Heber Down Conservation Trails, & New Taunton Gardens Shopping Centre! Close Connections to Transportation,401,412 and 407. Call Jim today for details!
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What is Your Home Worth in Today's Market
#WhitbyHomeSaleStats #WhitbyRealEstate Whitby Real Estate Stats
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Is there a room in your new home that needs…something? But you aren’t quite ready for the thrills and spills of a bigger renovation project? It’s time to unleash your inner designer and try one of these 3 quick and inexpensive spring décor trends in your new pad. Best of all? Not a paint brush in sight! MORE HERE is a great arcticle from Canada Posts ................. SMART MOVES BLOG
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Tight Market Conditions Continue in March
TORONTO, April 5, 2017 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016. For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses.
The number of new listings also increased on a year-over-year basis, at 17,051 – a 15.2 per cent increase compared to March 2016. The strongest growth in new listings was experienced in the detached market segment. While new listings were up strongly compared to last year, the rate new listings growth was still lower than the rate of sales growth. As a result, GTA market conditions continued to tighten.
“It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market. Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions. Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth,” said Mr. Cerqua.
Strong competition between buyers continued to cause high levels of price growth in all major market segments. The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 28.6 per cent year-over-year. For the TREB market area as a whole, the average selling price was up by 33.2 per cent, with similar annual rates of growth in the low-rise and condominium apartment segments.
“Annual rates of price growth continued to accelerate in March as growth in sales outstripped growth in listings. A substantial period of months in which listings growth is greater than sales growth will be required to bring the GTA housing market back into balance. As policy makers seek to achieve this balance, it is important that an evidence-based approach is followed,” said Jason Mercer, TREB’s Director of Market Analysis.
Durham Home Sales Stats for January 2017
source for stats Durham Real Estate Board
Average Detatched Homes
Sell Your Durham Home High and Buy Outside Durham Region Low
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The current real estate market represents an opportunity to obtain "Top Dollar" for your Home.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.
CPI inflation rose to 2.1 per cent in January, reflecting higher energy prices due in part to carbon pricing measures introduced in two provinces. The Bank is looking through these effects, as their impact on inflation will be temporary. The Bank’s three measures of core inflation, taken together, continue to point to material excess capacity in the economy.
Overall, recent data on the global and Canadian economies have been consistent with the Bank’s projection of improving growth, as set out in the January Monetary Policy Report(MPR). In Canada, recent consumption and housing indicators suggest growth in the fourth quarter of 2016 may have been slightly stronger than expected. However, exports continue to face the ongoing competitiveness challenges described in the January MPR. The Canadian dollar and bond yields remain near levels observed at that time. While there have been recent gains in employment, subdued growth in wages and hours worked continue to reflect persistent economic slack in Canada, in contrast to the United States.
The Bank’s Governing Council remains attentive to the impact of significant uncertainties weighing on the outlook and continues to monitor risks outlined in the January MPR. In this context, Governing Council judges that the current stance of monetary policy is still appropriate and maintains the target for the overnight rate at 1/2 per cent.
The pre- sprning Market has Taken Off
THE PRE- SPRING MARKET HAS TAKEN OFF
Wow the 2017 Real Estate Market for the Fallingbrook neighbourhood has Taken Off! 3 Homes Sell 1M +
It was not that long ago we struggled to hit the 600K mark, this is an incredible market and who know how long we will see these double digit gains. Durham Region and in particular Whitby has seen a significant increase in prices with the openning of the 407 extension.
Durham Region Association of REALTORS® (DRAR) President reported 595 residential transactions in January 2017, a 17 per cent increase from the same time last year. “Strong demand and low inventory are a few key factors in the booming price growth in Durham Region,” stated Bouma. There were 735 new listings in January 2017, a 7 per cent decrease compared to 788 in January 2016.
“We’re seeing record highs in average selling price in January,” said Bouma. The average selling price in Durham reached $608,417 last month. In comparison, the average selling price was $446,117 during the same period last year; a 36 per cent increase. Homes have continued to sell quickly in an average of 15 days compared to 23 days last year. “This is a story that will continue to make headlines as strong price growth, short supply, and low interest rates continue in 2017,” said Bouma.
In the past 10 years, the Durham Region’s average selling price has more than doubled, from $257,850 in 2006 to $533,828 in 2016. “There is no doubt that the Durham Region will continue to grow as we enter 2017, we’re already seeing a dramatic increase from the same time last year.”
“The province-wide news that Durham Region will be receiving more funding from the gas tax program for transportation infrastructure is just another example of the great quality of life for families that live or wish to live in Durham,” said Bouma. Minister of Transportation Steven Del Duca announced on February 1 that Durham Region will be receiving approximately $10 million by 2019. “This news, coupled with the extension of the 407 east to the 115, the expansion of the GO Train, and the affordability of living, makes Durham Region one of the hottest markets in Ontario.”
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Every year I stress that January and February is a Great Time to Sell Your Home! Home listing inventories are low and there is a high demand due to the High Number of Buyer's! It is Key that you List with a local Realtor who know's the added value our neighbourhood demands.
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