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For 2017, we are anticipating
another robust resale market
fueled by the sustained wave of
migrating buyers from
metropolitan Toronto to the
Durham Region. Pressure from
the first time buyer sector
continues to push up our
average resale home price,
despite recent CMHC
restrictions. With interest rates
expected to remain low, the
economics of supply and
demand will play the starring
role in how early our vibrant
spring housing market begins.
As our local demographic
evolves through the influences
of the 407, improvements to the
GO transportation
infrastructure, dynamic post
secondary education choices and
expanding service and
manufacturing quadrants, so too
will our real estate climate. We
predict the gap in pricing
between the Durham Region
and the rest of the GTA will
align appropriately this year as
families seek out our fair
neighbourhoods to the east for
our larger yards, greener
landscapes and safer
communities, choosing the
Durham Region over the other
areas to establish their family
roots.
We look forward to another year
serving you in real estate. Thank
you in advance for
recommending us to your family,
friends and neighbours in 2017!
Bowmanville GO station
Welcome to the New Year edition of TEMPO,
our exclusive monthly real estate newsletter!
Remember that the typical time
gap from point of sale to start
of construction of a single
detached home is 6 to 12
months.
Limited available land will keep
the supply of new construction
in our area low, causing new
home prices to increase due to
growing demand. Still, new
construction prices will remain
significantly lower than other
communities in the GTA. Our
area can expect to see between
1,300 and 1,600 new housing
starts for 2017 and between
1,150 and 1,500 for 2018.
Offering more square footage
at better prices, we will
continue to benefit from intra-
provincial migration.
All information taken from CMHC Housing Market Outlook,
Sept. 2016
Thinking of Buying Brand New?
TEMPO
Tips for KEEPING your New Year’s
Resolutions!
Write them down and be
specific.
Tell someone...have them hold
you accountable.
Set mini goals and track your
progress.
Be patient with yourself and
build in rewards.
Answer the “why” behind the
resolution.
And remember: a goal is a
dream with a deadline!
TEMPO RE/MAX Jazz Market Report
Each office Independently Owned and Operated. Not intended to solicit properties already listed or Buyers signed under contract.
Highway 407 extension plan
10 Most Common New Year’s Resolutions!
Lose weight and get fit
Quit smoking
Learn something new
Eat healthier and diet
Get out of debt and save money
Spend more time with family
Travel to new places
Be less stressed
Volunteer
Drink less
January
Andre & Jason Ferris
RE/MAX Jazz Inc., Brokerage
Office: 905-728-1600
E-mail: [email protected]
Www.FerrisBrothers.ca
TEMPO
Each office Independently Owned and Operated. Not intended to solicit properties already listed or Buyers signed under contract.
Sales Representatives
Fun & Fascinating January Holidays to Remember!
January 3 - Fruitcake Toss Day!
January 4 - Trivia Day!
January 13 - Friday the 13th and
International Skeptics Day and Make Your
Dream Come True Day!
January 16 - National Nothing Day!
January 17 - Ditch New Years Resolution
Day!
January 24 - Compliment Day!
January 25 - Opposite Day!
January 26 - Spouse’s Day!
January 27 - Chocolate Cake Day!
January 31 - Backward Day!
Average overall selling price in Durham Region for November 2016 was $574,694 and the average detached home sold for $638,046.
Average overall selling price in Oshawa for November 2016 was $481,821 and the average detached home sold for $530,741.
Average overall selling price in Clarington for November 2016 was $516,823 and the average detached home sold for $568,956.
Average overall selling price in Whitby for November 2016 was $624,409 and the average detached home sold for $685,409.
Average overall selling price in Scugog for November 2016 was $577,663 and the average detached home sold for $580,170.
Out of all the municipalities in the GTA, Oshawa leads the way in growth, posting a 26% increase in the average house price, with the overall GTA average sitting at 13.6% increase and Toronto’s average at 12.1% increase. The average price of a detached home in Toronto is over $1million.
All stats taken from DRAR and TREB
INDUSTRY STATS
Vacuum at least once a week and use a vacuum with a HEPA filter if possible. Mopping floors afterwards - even just with water - captures lingering dust and dirt.
Clean surfaces and wash linens at least twice a week to combat bacteria, viruses and allergens from spreading.
Keep your home vented appropriately. Use bathroom and kitchen exhaust fans. Bring in fresh air by cracking open windows or allow air exchange by opening front and back doors simultaneously for just a few minutes each day.
Change the air filters on your furnace and have ducts and chimneys cleaned. Annually service and clean your heat sources.
Control your home’s humidity. Too much humidity can be damaging and lead to mould; not enough and your home will dry out, as well as your sinuses! A healthy humidity level is between 40% and 55%. Invest in a hygrometer (these are relatively inexpensive) and monitor your home’s levels.
Repair leaks and drips that account for standing water in your home.
Go GREEN! Use live indoor plants to naturally purify your indoor air.
Encourage your family to wash their hands when they come home. Keep a bottle of hand sanitizer at your entry point.
A Healthy Indoor Environment This Winter!
Congratulations WEERMAX!! Over $125,000 in brand new life saving equipment donated to Lakeridge Health Oshawa’s Pediatric Unit in under 2 years! RE/MAX Jazz agents donate off of every sale to this most worthy cause. Thank you to all of our clients for choosing RE/MAX Jazz and helping us to champion the lives of children here at home!
