Where are the Million Dollar Buyers coming from?
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market
It doesn’t take much to see that the prices of homes in Oshawa are hitting all-time highs. I review the numbers daily, and at times I find myself surprised by what is happening. Here is a statistic that will shock some and make others thrilled – in the past week, 22 homes in Oshawa sold for over $1 Million. Not only that, each and every one of those properties sold for more than t...Read More
Will May bring a Real Estate Bubble or Even Higher Prices?
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market
I had some interesting conversations this past week, having nothing to do with COVID or lockdowns (thank goodness.) No, these were much more entertaining: “Lindsay, when do you think the market will crash, the bubble will burst, will we see values drop like a rock?” I cannot get past a few days without someone asking me… well more or less telling me that we are in for a correcti...Read More
Business As Usual: Real Estate and the New Provincial Lockdown
Tags: real estate, buy sell love durham, oshawa real estate, durham region, market trends, COVID-19, safety, showing your home, lockdown
As we head into another lockdown I felt it would be worthwhile discussing selling or buying a home during a pandemic. Let’s get one thing off the table, Real Estate is considered an essential service and homes are being bought and sold in record numbers. However, the Ontario Association of Realtors has released the statement “While Real Estate is considered essential, it is not busines...Read More
Pouring Gasoline on a Bonfire: Understanding the current Real Estate Climate in Durham
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, supply and demand
We have a serious housing issue here in Oshawa, and in all of the Durham Region. The Real Estate industry is as complex as you choose to make it. There is one economic rule that has remained constant since I entered this business in 1986. The law of supply and demand. Here is where it gets simple if you have more Buyers than Sellers, prices increase. In the reverse, if there are more homes for sa...Read More
I have a guy...
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, referrals, help, know a guy
How many times have you heard this line in your lifetime? I have a guy… [hairdresser, mechanic, carpenter, handyman...] Many times the guy or gal turns out to be someone who might have the skills a person is looking for to help with whatever challenge you are dealing with. And sometimes they amaze you. This thought came to mind when I toured a home we are in the process of getting o...Read More
Is Patience Important when Selling in a Hot Market?
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale, spring market, sellers market
There is a saying, patience is a virtue, however, when it comes to selling Real Estate it may be the difference between being a Buyer and having a bid accepted on a home, or a Seller accepting the best offer. Let’s dig in and explore how patience may affect the sale of a home. There is a common expression within the Realtor community, you don’t want to leave money on the table.&n...Read More
Are Real Estate Asking Prices for Real or Fishing Expeditions?
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market, experience, agent, local agent
If someone from the sticks decided to make a move to Oshawa, the first thing they would notice about the local Real Estate market is that most of the homes that sell leave the market for prices tens of thousands of dollars above the price the owners were asking. This way of doing business has me shaking my head. I can only imagine how someone from out of the area would interpret what is ha...Read More
Oshawa: From Factory Bungalows to High-End Luxury Homes
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale, oshawa, whitby, clarington, locals, newcomers
There was a time when Oshawa catered to a community based around factory workers and their families. Homes were valued in affordable ranges that most locals were able to buy and live in their own detached home. Certainly, there were areas where people who had financial means above the average could settle into – one of the areas I was well aware of as I attended Eastdale High School,...Read More
Mortgage Rates are Rising. Will Buyers Choose to Wait?
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market
Common sense should inform us super bright people that when the mortgage rates increase, as they have in the past week, paying more for a mortgage should (should is one of my least favourite words, by the way) slow sales down. Let’s dig into this thought and see if there is any substance to it. People currently are choosing two options on a regular basis when it comes to mortgages; ...Read More
The Future of Durham Region Real Estate According to My Crystal Ball
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale, future planning, clarington, sellers market
I found my crystal ball, (buried at the back of my closet) polished it up and it had some interesting reflections and predictions. My question was, “where do you see Real Estate in Durham Region in the next few years?” When I look back on my career of selling Real Estate for the past 35 years, I have seen prices rise, prices fall, monthly increases larger than entire homes I s...Read More