Wednesday, October 30, 2019 / by Geoff Appleton
Thursday, May 30, 2019 / by Alayne Keates Administration To Geoff Appleton & Associates
June is a month we enjoy so very much here in Canada, and undeniably, this June will be one that we really embrace after a thoroughly cold, wet and disappointing spring. Surprisingly, the real estate market performed quite well despite the delayed spring weather conditions, proving once again how resilient Canadian buyers and sellers are! We predict that the summer months will be strong this year for resale home sales, perhaps even markedly stronger than last year. The new home market however, could remain another story, as sales continue to struggle and traffic remains low at sites across the area.
The June market for 2019 should see a continuation of reasonable conditions with fair, balanced pricing. The first time buyer segment is still fueling the entire spectrum, but that is no shock to us, since the Durham Region boasts the most affordable housing in the GTA. Many entry level buyers have had to adjust their expectations as multiple offers a ...
Wednesday, April 24, 2019 / by Alayne Keates Administration To Geoff Appleton & Associates
May is always a month full of anticipation: as Canadians, we all look so forward to the warmer weather, the lighter clothing and the appearance of those first flowering blooms on our favorite plants. It is by far one of the most beautiful months of the year here in the Durham Region, where we are fortunate to have so many green spaces and environmentally protected woodlands to explore. May is also a time when people are just simply out more: yard sailing, visiting open houses, stopping by garden centers and farm markets and of course, touring around the countryside looking for that perfect country home!
The May 2019 real estate market will require close monitoring as entry level homes continued to dominate sales for the first quarter. We anticipate the usual increase in interest for making a move as the spring season lengthens, and current activity seems to indicate that a healthy market should proceed into the warmer months. As inventory remains slight ...
Monday, April 1, 2019 / by Alayne Keates Administration To Geoff Appleton & Associates
A slower start to the real estate market in the Durham Region this year has largely been a result of harsh weather conditions. It was a classic Canadian winter, but with that behind us now, it should be interesting to see how the spring shapes up, both in volume of offerings and productivity.
Top economic and housing analysts from the big banks are predicting that sales will be up overall for 2019 in our area, largely due to an influx of move up or transitional buyers into the market. These buyers were a scarce commodity last year, with the housing market depending heavily on the entry level, first time buyer segment in 2018, which was greatly restricted in and of itself due to the OSFI mandatory stress test. The result? We saw market conditions drastically decline. Now however, a savvy move up buyer population is recognizing that there are terrific opportunities out there in certain specific price ranges, so they are taking full advantage of favourabl ...