Durham Region: Good Landlords. Good Tenants.

By: Lindsay Smith

Durham Region: Good Landlords. Good Tenants.

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, LTB, landlords, tenants, market evaluation

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

Immigration, Inflation and Real Estate Cycles

By: Lindsay Smith

Immigration, Inflation and Real Estate Cycles

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, prediction, market evaluation

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

The Current State of Real Estate

By: Lindsay Smith

The Current State of Real Estate

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale, clarington real estate, treb, mls, market analysis, market trends, market update

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

The difference between a Flipper and a Homeowner

By: Lindsay Smith

The difference between a Flipper and a Homeowner

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends,, winter real estate, sellers market, buyers market, whitby, clarington, house closing, house flipping, flip

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

I've got a Secret. Promise not to Tell?

By: Lindsay Smith

I've got a Secret. Promise not to Tell?

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, prediction, market evaluation, confidentiality

How important is confidentiality when it comes to the sale of Real Estate? For some, it is an “iron clad” rule never to be broken, and to others, well the lines are a bit blurry. Let’s go back to the market of the early 1990s and review a sale I had worked on. The Seller had his home on the market with an agent and received a notice from the bank that they would be seizing the p...Read More

House prices are coming down, why are rents going up?

By: Lindsay Smith

House prices are coming down, why are rents going up?

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale, clarington real estate, treb, mls, rent, lease, mortgage

Housing prices have declined since February 2022 but guess what? The price of renting a home or apartment has jumped similar to how the values of homes increased during the pandemic. To help clarify why rents have risen it helps to look as an investor does when considering buying a property to offer as a rental. The average price of a home in Oshawa is currently around $880,000. Investors need a ...Read More

Neighbours and Developers - A Love/Hate Relationship

By: Lindsay Smith

Neighbours and Developers - A Love/Hate Relationship

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale, clarington real estate, treb, mls, developers

A few weeks ago, I went to a local councillors debate here in Durham Region. It doesn’t matter which community as I felt the debate topics covered issues and talking points found in most towns. Especially, with candidates having limited or no knowledge of how the municipal act controls much of what goes on when it comes to, well in my world, building homes. Let’s get one thing ou...Read More

Where the Real Estate Market in Durham Region was 2 years ago

By: Lindsay Smith

Where the Real Estate Market in Durham Region was 2 years ago

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, prediction, market evaluation

Think back to September 2020…. Lockdowns, masks, hand sanitizers, restaurants doing take out and delivery with no indoor dining. It was a crazy time and thank goodness we are past the restrictions and the fear of the pandemic. Another crazy part of the pandemic is what happened to Real Estate in Durham region over the past 24 months. When our first lockdown happened, in March/20 Real Estat...Read More

Hurricanes, Insurance and Tenants

By: Lindsay Smith

Hurricanes, Insurance and Tenants

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, prediction, market evaluation, insurance, tenants

The big news over the past week has been the destruction caused by something named “Fiona.” The hurricane devastated parts of our east coast as it moved north along the USA coastline. I was speaking with a person who hails from Newfoundland, and she shared that her parents purchased a property in Port Aux Basques to use as a rental until they moved back home. They closed on the propert...Read More

Fence Sitting? Time to Jump

By: Lindsay Smith

Fence Sitting? Time to Jump

Tags:

real estate, buyselllovedurham, oshawa real estate, durham region, market trends, real estate pricing, neighbourhood, whitby real estate, house near me for sale, clarington real estate, treb, mls

Rates are up. Inflation is up. Uncertainty is up. Why would anyone consider buying now? This could be the best opportunity for a Buyer in the past year to buy a home. Let’s dig in and find out why. In February, the average home in Durham was selling for $1,209,000 and as of the end of August, that average has dropped to $854,000! If that is not enough to get some “market watchers&rdq...Read More