I noticed a property come on the market over the weekend and looked into its sales history. The home is currently listed for $899,900 and the current owners purchased the property in May/21 for $918,000. Taking costs to sell into consideration the Seller will walk away with a loss somewhere in the range of $50,000. What caused me to think about this sale was a video I watched over the weeke...Read More

Here is a New Year Resolutions breakdown list that might help with a sold sign.   The new year rolls around every year about this time and as the champagne is sipped and the words flow it is common for people to announce new year resolutions. Some choose to lose weight, others quit smoking, change their food choices, get fit and slow down or stop alcohol. By the beginning of February, the gy...Read More

On a regular basis, I see things being shared online, in newsprint and in conversation that frankly, are just hogwash. Let’s take some time and play around with commonly shared thoughts and myth-busters. Prices in Durham Region are continuing to drop. Fact or fiction? Fiction. The average detached home in Oshawa is selling for $880,000. In July/22 the same home sold for $815,500. Bidding...Read More

More Homes Built Faster Act.   The provincial government has passed some legislation that will allow three-unit homes to be built in any residential zoning. I am certain that there will be quite a bit of drama with neighbors objecting to the changes. These changes revolve around altering by-laws to allow more units on a property. Let’s look at the impact by-laws have when it comes to th...Read More

  No question that the market today is not what it was in 2021. Not only that, it is not like it was in January of this year .. or in fact, July. We had a robust market where sold signs were popping up everywhere, and then, someone tuned the switch off. Showings are down, homes are not attracting multiple offers like they recently experienced and they are sitting and in many cases coming off...Read More

Scrolling through predictions about the coming year the “experts” seem to be contradicting themselves. ” Toronto’s housing prices will likely climb even more in 2023.” “Steep price declines will restore sanity to Canada’s housing market in 2023.” Or still, “Canada Housing and Mortgage Corporation believes the national average home price in Can...Read More

Good Durham Region Landlords. Good Durham Region Tenants.   What makes a good landlord? Looking back over my life I have been both a tenant and a landlord, and funny enough I have been both at the same time. I purchased a condo from the father of a gal I dated through high school and made a few “newbie” mistakes. I bought the property privately, and of course, being green with no...Read More

Looking back to the late 1980s and some of the leaders in Real Estate I admired, one man constantly comes up. Guy Leblanc. Picture a chubby, bald, middle-aged man who wore a white suit and drove a white Cadillac. You get the picture. However, he was very wise. What I learned from him can be illustrated by a quote, I have made reference to a few times in my blogs by Warren Buffett; “It&rsquo...Read More

Durham Region Real Estate November 2022.   Last year the talk around water coolers, hockey rinks, and bars in Ontario was about how we could find out way out of the Real Estate crisis we found ourselves in. Jump to November/22 and guess what? The market has shifted, and we are still in a Real Estate Crisis. Real Estate is as complex or as simple as you want to view it, but the foundation of ...Read More

Over the past decade, we have seen new home sites open their sales offices with long lineups and almost immediately install “sold out” signs. I remember walking around downtown Toronto and seeing long lines, finding out that a new condo building was selling condos that were not set to close for a couple of years. I chatted with some people in the lineup, and a few said they were lookin...Read More