Hot Summer, Hot Real Estate Market
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, hot market, summer market
It’s August. Where did the last five months go? I see posts about PJ’s, midday snacks and a new trend of baking bread. I wish I could say I have been relaxing in “sweats,” however, the real estate market has been as busy as our weather has been hot. This column will focus on where we are in Oshawa for prices and how heated the market has become. We are continuing to expe...Read More
What if I'm a Buyer in a Seller's Market?
Tags: real estate, buy sell love durham, oshawa real estate, durham region, market trends, buyer's market, seller's market, homes for sale near me, keller williams, real estate agent, agent experience
Every week it seems I encounter sales reps who bring different levels of experience to our sales interactions. I was involved in a multiple offer situation this past week, representing the seller, and it caused me to think about how experience in this type of market is critical. When you are a buyer in a low inventory market, getting an offer accepted can be a challenge. The average detached home...Read More
Finding Solid Ground During a Pandemic
Tags: real estate, buy sell love durham, oshawa real estate, durham region, market trends, COVID-19, pandemic, whitby real estate, durham
Our world changed in mid-March. I will never forget how we went from “gale force winds” to “dead calm” overnight in the real estate market. When our province declared emergency orders to stay at home and shelter in place, most of Ontario was closed for business. Real estate was deemed an essential service, and we were allowed to continue to operate. There was some controve...Read More
Understanding Market Value in a Low Inventory, Multiple Offer Real Estate Market
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale
We met with a client this week looking at downsizing. They live in a home that really is suited for a large family, and we started the discussion about what, where, and when. One of the interesting questions they asked was about a home they saw on realtor.ca. He mentioned the area and before he could describe it, I knew exactly which home he was going to mention. We had a discussion around how som...Read More
House prices in Oshawa are going up (5% in 6 months)
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, buy or sell, question, real estate near me, house prices going up
I am going to start this column off with a headline from May: “CMHC sees house prices in Canada falling between 9 per cent and 18 per cent over the next 12 months.” Let’s look at another quote responding to real estate brokers disagreeing with this forecast. “Please question the motivation of anyone who wants you to believe prices will go up.” I have mention...Read More
Using Real Estate to Invest in your Children's Future
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, investment property, rental property, future planning
This past weekend I spent some time on a patio in lovely Westport, Ontario. I have no idea how people seem to sense that Wendy Starr and I are real estate broker/reps. One of questions we had from a table next to us came from a couple who had a daughter starting first grade this coming school year (whatever that might look like). They were already planning for her post-secondary education ...Read More
Buy or Sell first? It's the number one question we're being asked right now.
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, buy or sell, question
Two couples were enjoying a drink on a newly opened restaurant patio and were having a passionate discussion. Both couples were planning on moving to different homes and debating selling first or buying before selling. Overhearing their chat, I thought I would chime in with some thoughts based on the experience of 36 years of selling homes in Oshawa. Here are some of the points we covered as we si...Read More
Showing homes in 2020: Look but don't touch
Tags: real estate, buy sell love durham, oshawa real estate, durham region, market trends, COVID-19, safety, showing your home
A question I had from a Seller this week was one I have been asked many times over the past few months. Let’s take a look at why people are asking this question and explore why so many people are reaching out for this specific information. This question is very honest and based around a sense of confusion, fear and uncertainty. All feelings we have experienced since we began the new...Read More
On a clear day you can see Rochester
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood
On a waterfront walk this past week, I could see a smokestack on the USA side. I think Rochester is about 80 kms from where I was. It’s amazing how 80 kms can be night and day for areas to live in. If you go 80 kms west of Oshawa, you would be in Brampton. One thing we share in common with Brampton is our proximity to downtown Toronto. It is almost the same commute by GO train. One ...Read More
Is the Spring Real Estate Market starting in June?
Tags: real estate, buyselllovedurham, oshawa real estate, durham region, market trends, COVID-19, spring real estate, summer real estate, sellers market, buyers market
Two interesting opposing views of the market: 1) A local realtor makes an online post this past week about how her client lost out several times on properties they loved only to be caught up in multiple offers. 2) CMHC releases a report predicting values will drop by 9 to 18 per cent in 2020. Real estate predictions are based on a combination of breaking down market statistics/trends and using ...Read More