Get your popcorn ready Durham Region because with the impending opening of the extended 407 series of highways nearing, Durham is about to experience growth on an enormous scale.
Let’s start from the beginning. Back in 2011, the Province of Ontario announced their plan to extend the original 407 further east. In addition, two linked roads between the 401 and 407 would also be constructed. The plan was formulated to cut commuting times and to allow easier access to the metropolitan areas of Toronto. The net effect of the planned 407 extension into Durham is surge in the number of homes being built and the migration of people here to live in them. Continue reading
Holidays are the best time of the year when one can enjoy seeing stores packed with Christmas trees and candy canes. It is a time to be with your family and loved ones and celebrate a sense of togetherness.
Amidst all this, if one needs to accomplish the daunting task of selling a home, it could take away all the joy and pleasure. But here is some good news for those looking to sell off their homes before the holidays begin. Did you know that there is an increased chance of people buying homes before the holiday season? A recent survey conducted by a group of realtors revealed that last October, nearly 36 percent of homes stayed on the real estate market for just a few weeks.
So if others can manage to sell their home before the holidays begin, so can you! Here are some smart tricks to help you make an easy and quick sale. Continue reading
Immaculately maintained and cared for home. Fabulous open concept layout for entertaining family and friends. Bright and spacious open concept basement with above grade windows. Pot lights throughout. Laundry on both levels. Lots of storage. Fully fenced landscaped backyard. This home is being sold as a single family residence. Close to schools, parks, TTC, UofT, STC, 401.
With the average price of a detached home in the Durham Region being less than half of what it costs in Toronto, more people are choosing to move east of the city. According to the Toronto Real Estate Board (TREB), a detached home in the Durham Region on average will cost you $502,079 while in Toronto it is more than $1,150,000. For some, the convenience and the allure of living in Toronto is worth paying more than double than in Durham, but for more and more homeowners, calling Durham home is the only way they can afford to get into the housing market. Continue reading
Durham Region homes continue to increase in price and that trend didn’t change in the month of April. The average selling price jumped to $440,151, a 12.5% increase over this time last years. Other interesting facts for the month of April were that inventory climbed to the highest level in 2015 with 1,816 new listings and the average days on market dropped by 2 to 15 days. To see the average selling prince in your community see the chart below.
According to the Durham Region Association of Realtors, home prices continue to grow. In March of this year we saw the average price jump to $430,291 from $380,267 just a year ago. The reason for the high increase may be due to the lack of inventory hitting the market along with lower interest rates. Even though the houses are more expensive they remain affordable because of the lower rates. Continue reading
Look no further. Your retirement plan may literally be sitting right in your own back yard. As many of us reach that stage in life where roots have started to take hold and kids have become the norm, thoughts of retirement and a much more peaceful lifestyle begin to creep in. Days filled with warm weather, rounds of golf, and early bird specials are not too far off in the future. In fact, it makes a lot of sense to start thinking about the golden years now even though your days may be filled with that 9 to 5 routine. And since retirement doesn’t come cheap, it’s helpful to take stock and make a plan for that magical day that the morning alarm goes quiet for good . And although you may have a stellar portfolio of investments and RRSPs, it may actually be your current home that foots the retirement bill for you. Here’s the full article to give you a head start on how to make the most out of your retirement using your home.