Call Durham Region Home - Real Estate Blog


Michelle McNally

Michelle McNally is a news writer for Livable, specializing in buyer guides and market explainers. She is a journalism graduate of Ryerson University and a past intern of CBC News Network. Michelle is a former market specialist for Livabl's parent company, BuzzBuzzHome, where she focused on developments along the American east coast. Michelle wrote her first literary epic in Grade 8 about a zombie who loved Fruit Loops. She enjoys baking and follows too many famous corgis on Instagram.



Why a Smaller City Could Be a Good Move

Over the course of the pandemic, homeowners have been re-evaluating what they need most out of their property. For some, this has meant packing up and downsizing to a smaller city or community for greater living space, privacy, and a more relaxed pace of life.

Both statistically and anecdotally, we’ve witnessed buyers moving to the suburbs and other rural areas over the past two years. Small towns like SquamishWasaga BeachKingston, and Collingwood have been home to some of Canada’s fastest-growing populations lately, a trend largely attributed to residents moving from urban centres in search of more affordable housing, according to a report from RBC Economics.

Link to full article https://go.shr.lc/3rgBQVy

Thinking about moving to a small town or city?

We can help! Call  or text us today at 905-409-9967 

This Weeks Active small town or city MLS Listings link

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Please visit our Open House at 658 Berwick CRES in Oshawa.
Open House on Saturday, April 2, 2022 2:00 PM - 4:00 PM
Listing Alert - Must See 2 Storey Semi-Detached Home 1st TIme Buyers - Investors - Great Location On Whitby/Oshawa Border In The Sought After Family Neighbourhood Of Mclaughlin. This Super 2 Storey Semi-Detached Home. features 3 large Bedrooms, 1.5 Baths, a Large Eat-in Kitchen - New SS Fridge and Stove, Finished Basement With a Large Rec Room, new Electrical Panel, 5 yrs' New Vinyl, Siding, and Windows, Soffits, Fascia and Downspouts. Large Private Driveway w/ parking for 5. Just Minutes From Schools, Shopping And Recreation Facility.Transit, and 401. Don't miss out on this opportunity! Call or text 905-409-9967 for more information and to book a private viewing.
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Please visit our Open House at 658 Berwick CRES in Oshawa.
Open House on Sunday, April 3, 2022 2:00 PM - 4:00 PM
Listing Alert - Must See 2 Storey Semi-Detached Home 1st TIme Buyers - Investors - Great Location On Whitby/Oshawa Border In The Sought After Family Neighbourhood Of Mclaughlin. This Super 2 Storey Semi-Detached Home. features 3 large Bedrooms, 1.5 Baths, a Large Eat-in Kitchen - New SS Fridge and Stove, Finished Basement With a Large Rec Room, new Electrical Panel, 5 yrs' New Vinyl, Siding, and Windows, Soffits, Fascia and Downspouts. Large Private Driveway w/ parking for 5. Just Minutes From Schools, Shopping And Recreation Facility.Transit, and 401. Don't miss out on this opportunity! Call or text 905-409-9967 for more information and to book a private viewing.
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I have listed a new property at 658 Berwick CRES in Oshawa.
1st Time Buyers - Investors - Great Location On Whitby/Oshawa Border In The Sought After Family Neighbourhood Of Mclaughlin. This Super 2 Storey Semi-Detached Home. Features 3 Large Bedrooms, 1.5 Baths, Large Eat-In Kitchen - New Ss Fridge And Stove, Finished Basement With A Large Rec Room, New Electrical Panel, 5Yrs New Vinyl Siding, Soffit, Fascia, Eavestrough, And Downspouts Large Private Driveway W/ Parking For 5. Just Minutes From Schools, Amenities, Transit, 401. Don't Miss Out On This Opportunity!
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I have listed a new property at 658 Berwick CRES in Oshawa.
Listing Alert - COMING SOON! 1st TIme Buyers - Investors - OPPORTUNITY KNOCKS! In The Sought After Family Neighbourhood Of Mclaughlin On Whitby/Oshawa Border! Just Minutes From Schools, Amenities, Transit, 401, And More. Call or text 905-409-9967 for more information and to book a private viewing. Great Location!! Super Starter...2 Storey Semi-Detached Home. 3 Bedrooms, 1 1/2 Baths, Large Kitchen w New SS Fridge and Stove, Finished Basement With Large Rec Room, new Electrical Panel, Large 3 Car Private Driveway. Close To Schools, Shopping And Recreation Facility.
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Whether you’re contemplating buying your first home, investment property, deciding to downsize or move to a bigger home,  there are many questions that need to be answered before you can get started.


Ask yourself these 4 "W" questions to make your decision to move an easy one.


1. WHY are you buying/moving?


Get grounded in why you want to move. Is it finally time to purchase your first home? Do you need more space for your growing family or now that the kids have left, is the big house too much? Are you moving because of necessity? Maybe relocating for work or some other reason. It can be tempting when you start looking at beautifully staged homes online to start imagining yourself elsewhere. This will help you stay focused on your needs and help you get real about whether now is the time to make a move.


2. WHEN would you like to be moved in?


Do you have a timeline or a deadline that you have to be moved by? This will put your search into perspective. If you need to move asap you have the motivation to get started now. If you want to be opportunistic you may want to be more aggressive in your preparation to ensure you’re ready if the right opportunity comes along. If not, you can take it slow. Either way finding the right resources, Realtors®, lenders who can support you at a pace that works for you is key.


3. WHERE would you like to be?


Is there a specific area, community, or building you want to be in?  Would you like to be closer to work, transit, recreation, schools, family/friends? Having a firm idea will allow you to assess your options and determine if you can make your move now. As your Realtor® we can help you assess the types of properties available in your desired area(s) and what home values are there.


4. WHAT type of home do you see yourself in vs. What you can afford?


This one is a two-parter. In today’s competitive market housing prices can be deceiving so getting a clear picture of what you’re looking for vs. what you can afford is the key final step to determining if now is the right time for you to make a move.


  1. What kind of home would you like to live in?

Would you prefer a condo or freehold, townhouse or detached? Bungalow, 2-story or split-level? New or resale? How big? How many bedrooms, bathrooms? Backyard or no backyard? How do your options reflect your needs or the needs of your family? What are your must-haves vs. your nice to haves?

  1. What is your budget to purchase that home? 

Understanding what you can afford will help narrow down your options to the best homes for you. From there you can determine if you’re ready to make a move.


Working with your Realtor®, we can connect you with lenders to help you understand your financing options. As your Realtors® we can help find the ideal properties that meet your needs within your budget and guide you through the whole process from start to finish.


Call us at the JSA team and we can help you gain greater clarity on your options and connect you to valuable resources to help you make this important decision. We treat our clients and prospective clients the way we’d want to be treated if we were in your shoes. Whether you're ready now or not, it's ok. No pressure. Just people helping people.

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Winter has been a record period for Canada real estate
 
 
Here is a great article from 
Mon., February 14, 2022, 11:32 a.m.·5 min read
 

Homebuyers are used to Canada's real estate prices being led higher by big cities like Toronto, but few anticipated what would unfold in smaller cities and towns when COVID-19 hit.


The pandemic made many rethink their living situation. Working from home while being cooped up in a small condo wasn’t working, and big-city living was expensive.

So, buyers sought out more space and decided to drive until they qualify, especially in Ontario where prices have risen the most since the start of the pandemic. Low-interest rates also helped drive people into ownership.


Many ended up hours away from Toronto in places like Bancroft, the country’s leader in year-over-year average price gains of an astonishing 48 per cent.............Read More

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Here are 3 things to consider when choosing a Realtor®


Will they make you a priority? Are you their primary client or just one of several they are trying to service right now? You want an experienced Realtor® or team on your side working in your best interests. If they can’t put you first, it’s time to interview another agent.


Will they explain the process? It’s great to get down to brass tax but you need to know what to expect so there aren’t any surprises.


How well do they know the local market? Whether buying or selling you need a partner who’s familiar with home values in your market.


As a family-run business, our team’s focus has always been on service. Focusing on your unique needs is a priority for us. We want your real estate experience stress free so we explain the process and connect you to the resources you need. Finally, we study the market we serve every day so you can feel confident on offer day.


Call us today for a free no-obligation home buying and selling consultation.


Jim Direct: 905-409-9967

Ben Direct: 905-995-3372

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JUST SOLD! Legal Duplex with extra basement unit: 865 Simcoe St South
Thank you to everyone who showed/viewed the property.
Demand is high for these types of unique properties that offer great income potential. If you're looking for your next investment property or you have an investment or home you're looking to sell contact us for a complimentary consultation.
905-409-9967
jimstantonrealtor@gmail.com


#soldoverList
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I have listed a new property at 865 Simcoe ST S in Oshawa.
Must See Investment Opportunity! Legal Duplex Totally Renovated with Electrical, Plumbing and Building Permits Located Minutes To 401 & Go Station. 2 Bed 1 Bath Unit With 10Ft. Vaulted Ceilings, Large Outside Composite Deck- 1 Bed 1 Bath Unit With Large Entryway And Coat Closet And Fenced Outdoor Area.Finished Bsmnt With Kitchen & 4 Piece Bathroom Potential For Office Or Apartment. 2 Driveways With Parking For 8 +, 3 Meters, 3 Panels, Stainless Steel Appliances, Loads Of Upgrades
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Since 2015, inventory has been low, creating a strong seller’s market where multiple offers are the norm. This has amplified over the Covid-19 pandemic with people wanting to purchase a home for more space, independence, or to take advantage of the historically low cost of borrowing.
 
If you own your current home and plan on moving there are some things to consider.
 
Do you buy or sell first? In a seller’s market like we have today, it can be difficult to find a home. Given this, we recommend buying first. This can pose some challenges, but we are here to help.
 
Imagine this... you find the perfect home, but the seller is looking for a 30-day closing. This means there is a lot to do in a relatively short period of time. You have to get your home ready to sell for top dollar! There is an old saying in sports, luck is what happens when preparation meets opportunity! With that in mind, don’t put off preparing your home to sell prior to house hunting. You will want to have your house ready to list the moment you find your next home.
 
Below are things that you should consider doing now if you are thinking of making a move this year.

Step 1 - Start Decluttering
 
Here are some decluttering tips from the website 'Becoming a Minimalist' to help get you started.
 
Create a decluttering checklist. It’s a lot easier to declutter when you have a plan and know where to start.
 
View your home as a potential buyer. It’s easy to forget what your home looks like to a new visitor. Enter your home as if you’re visiting the home of a friend. Write down your first impression on how clean and organized the home is and make changes.
 
Take before and after photos of a small area. Choose one part of your home, like your kitchen counter, and take a photo of a small area. Quickly clear off the items in the photo and take an after photo. Once you see how your home could look, it becomes easier to start decluttering more of your home.
 
Use the Four-Box Method. Get four boxes and label them: trash, give away, keep, or re-locate. Enter any room in your home and place each item into one of the following boxes. Don’t skip a single item, no matter how insignificant you may think it is. This may take days, weeks, or months, but it will help you see how many items you really own and you’ll know exactly what to do with each item.
 
Check out the full article: How to declutter your home: 10 creative decluttering tips By: Joshua Becker at becomingminimalist.com
 
 
 
Step 2 - Paint
 
This will offer you the biggest bang for your buck. Keep paint neutral in colour
 
Check out the most popular colours at Benjamin Moore and some painting tips from HGTV to help you get started.
 
 
 
 
 
 
Step 3 - Repairs and Upgrades

Inspect your home and identify what repairs and upgrades need to be done. It can be helpful to have the JSA team through your home to provide you with guidance on what should be done to increase your home's value. It is our experience that upgrades such as hardwood flooring, updated countertops, light fixtures, and crown molding can bring excellent returns on your investment. We study the homes every day and can advise you if there are certain updates and upgrades that buyers are paying extra for in your area.
 
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What’s driving real estate demand as we start 2022?


The GTA market continues to be affected by a housing supply crunch and an ongoing demand. While 2021 was the best year for new housing starts in Ontario since 1977 buyers won’t likely see the benefit from added inventory for at least a couple of years. Across the province, we have a long way to go in terms of adding housing inventory to meet demand. Currently, a large number of buyers from 2021 are still trying to make a purchase in 2022 and that will keep demand high to kick start 2022. 

Expect to see a very strong return of international immigration further increasing demand for housing in the GTA throughout 2022. Canada reached its 2021 target adding 401,000 new permanent residents and plans on adding 411,000 new immigrants in 2022 to support economic growth and shore up labour shortages across the country. The influx of new residents will keep the housing market competitive.

So what’s the bottom line? 2022 will continue to be a good year to sell with high demand and prices forecast to increase.

Sources:

https://www.reuters.com/world/americas/canada-meets-2021-immigration-target-with-401000-new-permanent-residents-2021-12-23/

https://www.canada.ca/en/immigration-refugees-citizenship/news/notices/supplementary-immigration-levels-2021-2023.html

https://financialpost.com/moneywise-pro/no-relief-in-2022-experts-predictions-for-canadas-housing-market 


What could slow the housing market in 2022?


The obvious answer is an increase in lending rates. Mortgage interest rates have already seen slight increases in 2021 and the Bank of Canada has hinted that it will be tightening its policies in 2022. In 2021 we saw changes to the mortgage stress test moving from 4.79% qualifying rate to 5.25% and a 0.5% increase in mortgage rates, in 2022 we may see more increases.


“Doug Porter, chief economist and managing director at BMO Financial Group, says financial markets are bracing for as many as five 25-basis point increases in the Bank of Canada’s lending rate next year, which would take it to 1.5 percent from 0.25 percent today.”  - Financial Post


The key factors impacting potential rate increases could be the impact of inflation on the economy, the impact of COVID-19 variants like Omicrom as well as the US Federal Reserve who have already positioned themselves for a rate hike in 2022. As a general rule of thumb, US interest rate changes tend to have an impact on longer-term loans like mortgages in Canada.


Look for mortgage rates to increase throughout the year. As prices rise and borrowing costs grow we could see a slow down in sales volume and there is potential prices level off but even a 1.5% bump in interest rates would still be below the qualifying rate for mortgages. With inventory so low it may not have a huge impact on prices.


So, what’s the bottom line? Mortgage rates will affect borrowing costs but not necessarily impact pricing and there will still be lots of buyers competing for a limited supply. If you’re thinking of making a move start preparing now. Talk with your lender about how rising rates could impact your actual borrowing costs as the year unfolds and start looking for available homes in your desired areas. It may take time to find what you’re looking for so being proactive will put you in a more favourable position.


Need a reliable contact to discuss your mortgage needs? Message us and we can provide some excellent options.


Sources: 

https://www.cbc.ca/news/business/powell-canada-rates-column-don-pittis-1.6286628

https://time.com/nextadvisor/mortgages/mortgage-prediction-2022/https://financialpost.com/moneywise-pro/no-relief-in-2022-experts-predictions-for-canadas-housing-market 


What else could impact the market in 2022?


There are a few unknowns that may have an impact on the GTA real estate market in 2022. Government intervention into the housing market is always a cause for concern and the mortgage stress test is also being revisited in 2022. In 2021 the housing market was front and centre during the federal election and it will be a defining issue in this year’s provincial election but regardless of the outcome, we’re not likely to see the effects of federal and provincial elections in the form of intervention in 2022. 


Covid-19 and the uncertainty surrounding the Omicron variant is also an unknown factor. Although if history is any sort of predictor COVID-19 should have little impact on the trend in real estate prices. Recall in 2020 when the CMHC predicted a 9-18% drop in housing prices at the beginning of the pandemic and since that time the market has been on fire with the average price for a home in Ontario increasing by 44% (CREA). In Durham Region, the average sold price of a detached home in December was $1.178MM and in Toronto $1.69MM. 


So, what’s the bottom line? If you’re planning on buying in 2022 a change to the mortgage stress test could impact what you can afford so getting out ahead of any changes could help. So far COVID-19 has not had a negative impact on real estate prices and we’re not seeing policy changes impacting housing yet, but these are factors to watch.


Sources: 

TRREB Market Watch December 2021

https://www.cbc.ca/news/business/crea-housing-november-1.628649https://www.bnnbloomberg.ca/cmhc-stands-by-forecast-for-sharp-price-drop-in-canada-1.1497129

https://www.cbc.ca/news/canada/toronto/ontario-housing-costs-home-prices-ndp-liberal-green-1.6284033 



Most experts agree that the GTA real estate market cannot continue on its current trajectory forever and feel 2022 should start off strong with similar sales numbers to 2021 yet they expect the market to slow as we move into the second half of the year and rising interest rates take effect. That may be true but don’t expect a reverse in pricing trends. As per Clayton Jarvis of Financial Post’s Moneywise column “People have been calling Canadian real estate’s upward trajectory ‘unsustainable’ for almost a decade now.” 


Sources: https://financialpost.com/moneywise-pro/no-relief-in-2022-experts-predictions-for-canadas-housing-market 


So, what’s the bottom line?


You decide what’s best for you. If you’re waiting for the perfect timing to make your move you could be waiting a while. The reality is that there is never a perfect time to move. It’s about what’s right for you and your goals for homeownership. If you’re thinking about making a move in 2022 your best bet is to speak to a Realtor® and get the lay of the land in your community. We can help you with 40+ combined years of experience helping people just like you buy and sell in the GTA. We can connect you with trusted lenders and support you through the process from start to finish.


Contact us at: P: 416-571-5272 E: brian@sellwithstanton.com S: @sellwithstanton
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#GTARealEstate stats are in for December and #DurhamRegion continues to show strong growth with average sold prices up across the board. Where did sale prices rise the most YoY (year over year)? Oshawa saw a 43% jump in the average sold price for a detached home in December.
Have a question about the market? Just ask.
. @sellwithstanton
Jim Stanton 905-409-9967 Office 905-434-2022
jimstantonrealtor@gmail.com


 











#durhamrealestate #torontorealestate #gtarealestate #durhamhomes #whitbyrealtor #whitbyhomes #whitbyrealestate #oshawarealestate #oshawahomes #brooklinrealestate #brooklinhomes #claringtonrealestate #claringtonhomes #pickeringrealestate #pickeringhomes #ajaxrealestate #ajaxhomes #realestatestats #realestatesales #sellwithstanton

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It can take lots of planning before you are ready to move. Now is the perfect time to start preparing by tackling the "to do" list. Here are 4 tips to help you prepare for selling your home in the new year.


1. Organize your paperwork and finances


You will need your property tax information, a property survey (if you have one), appliance manuals, receipts and warranty documentation for any renovating and updating that has been done to the house.  You will also want to organize all of the necessary paperwork for applying for a mortgage if you are planning on obtaining financing to purchase your new home.


2.  Make a list of repairs that will need to be done.


Go from room to room and see what needs to be painted, touched up, cleaned, repaired or replaced. These minor repairs will help show your home in its best light, leading to more interested buyers and ultimately more money in your pocket. Once you've compiled a list, make a plan to tackle these jobs.


3.  Complete routine home maintenance.


Similarily to completing minor repairs, by taking care of general home maintenance the potential buyers will see that your home has been well maintained and looked after. This will give them more confidence in bringing forth an offer.  Simple maintenance should include replacing all air filters. Checking smoke and carbon monoxide detectors. Has your heating system been professionally serviced and cleaned? Remove window screens and check for drafts around doors and windows. 


4. Start decluttering.


This may be the most important task when preparing your home to sell. It can also be the most overwhelming.  You can reduce a lot of stress by giving yourself ample time to declutter. Start in one space at a time and consider tossing or donating anything that you do not use anymore. It is so important to show your home as spacious as possible. Clear counter space, organized closets, and storage spaces are more appealing to potential buyers.


Still not sure where to start... No worries! We have you covered. As part of our services, we offer a free no-obligation home selling consultation. Call today and leverage Jim Stanton and Associates' proven home selling system and get the best return on your biggest investment.  



Call us today for a free no-obligation home buying and selling consultation.




Jim Direct: 905-409-9967


Ben Direct: 905-995-3372


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I have listed a new property at 844 Logan CRT in Oshawa.
Stunning Jefferey Built Home Situated On A Mature, Quiet Court With A Custom Built 4 Seasons Sunroom Off The Kitchen Overlooking Your Private Pie Shaped Lot With Pool. A True Backyard Oasis! This Home Has Amazing Curb Appeal With A Private Double Drive And Beautiful Hard Landscaping, Gardens & I/G Sprinkler System. Large Principal Rooms And 4 Spacious Bedrooms. California Shutters On The Main Level, Hardwood & Ceramic Floor,5th Bed. And A Full 3 Piece Bathroom In The Basement...This Is A Must-See Home! See Attachments For More Information.
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I have listed a new property at 1850 Cricket LANE in Pickering.
Must See Home Located In The Highly Sought-After Neighbourhood Of Amberlea. This 4 Bedroom Semi-Detached Home With Finished Bsmnt Shows Pride Of Ownership. Featuring: Spacious Main Floor Layout, W/O To Elevated Deck Overlooking Large Fenced Yard, Direct Access To Single Car Garage, 2 Car Parking In Driveway, 4 Large Bedrooms, Reno'd Main Bath, Kitchen W/Deep Upper Cabinets, Soft Close Doors/Drawers, Stnls Stl Appl, Gas Stove + More
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October Market Stats are in and here is what the headlines are saying....


October home sales down 7%, new listings fell by 34% from last year: Toronto board - Global News


Toronto's housing market shows no signs of cooling down - City News


Another record-setting month n October for Toronto region as average home price surges to $1.2 million - The Star


Toronto home prices soar al,ost 20% as sales near record - Financial Post


Understanding that these stats and headlines are taking a broad look at the overall market, it is important to seek professional guidance when looking at specific areas and neighbourhoods. We have helped many clients navigate this market and acheive their real estate goals. If you have been thinking about making a move and would like a professional to guide you through the process, give us a call.

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