"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world."
-Franklin D. Roosevelt
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WHITBY |
$ 699,000 |
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Brock/Burns |
1,675 Sq Ft |
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| Century Home in the Heart of Whitby! |
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WHITBY |
$ 299,900 |
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Brock/ Burns Residential Home Lot: 38.90 x 118.22 Feet |
Tax (2008) : $ 3,442 Bedrooms: 3 Bathrooms: 2 |
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OPEN HOUSE - Sunday, June 14th from 1:00-3:00pm 107 Burns St. E., Whitby
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AJAX |
$ 277,900 |
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Bayly/Pickering Beach Rd Residential Home Lot: 6.00 x 27.98 Metres |
Tax (2009) : $ 3,246 Bedrooms: 3 Bathrooms: 3 |
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If you are planning to put your home up for sale this upcoming Spring, don't be surprised if it creeps up on you, and that you find Spring is here before you know it !!
We provide up to date, computerized information on Durham Region area sales due to Foreclosures or Power Of Sale.
Buying or selling a home can be complex. That's why this site has been designed to be a resource to help you through the real estate process and answer your questions. From helpful financing calculators to complete and thorough real estate information.
We're here to help you, whether to offer expert advice and market information on listing and selling your house, or assisting you as you find and purchase the home of your dreams.
Serving the Greater Toronto Area & Durham Region including Pickering, Ajax, Whitby, Brooklin, Port Perry, Oshawa & Clarington as well as Relocations.
If you can't find something you're looking for, please give us a call or email and we'll help you out!
To get in touch with us, simply click on the "Contact Us" button or give us a call.
It will be our pleasure to serve you.
Good Service is Not Expensive . . .
. . . It's Priceless
Theres been a lot of talk about real estate in the news in recent months. We've heard about declining housing starts, falling existing home sales, double-digit price depreciation, subprime fallout and foreclosures in the United States. Fortunately, we live in Canada. And Canadian real estate markets are far-better positioned than their American counterparts for a good number of reasons.
- Subprime mortgages represent less than five per cent of our market nationally.
- Foreclosures occur in about one quarter of one per cent of mortgage transactions in this country.
- Canadians have more equity in their homes.
- We have less debt than our neighbours south of the border.
- Speculation has played little or no role in existing home sales in Ontario.
- The fundamentals of our economy are relatively solid. Of the G8 countries, only Canada is expected to show growth in 2008 and 2009.
- The Canadian banking system is one of the best in the world, relying more on old-fashioned lending than innovative financial products geared toward profit.
- The Canadian job market is stronger than the US, adding more than 200,000 jobs so far this year.
- Interest rates remain favourable.
- Housing values in Ontario major centres did not experience serious, double-digit price appreciation year-after-year for an extended period. Our markets were characterized by stable, healthy growth.
- Immigration continues to play a key role in housing markets. Between 2001 and 2006, more than 1.1 million immigrants came to this country, with about half settling in the province of Ontario. Immigrants tend to purchase a home within the first five years of living in Canada.
Real estate is cyclical. There will be peaks and valleys. The more restrained the peak, the more modest the valley.
There is no question that market conditions have moderated from 2007s record pace. More listings, softer housing values, longer days on market but most centres are relatively solid. While some buyers and sellers will adopt a wait-and-see attitude, there are those that will continue to venture forward.
Sellers will need to be realistic in setting a selling price. Listing a property at fair-market value will ensure that it will sell in a reasonable amount of time. This is not the time to test the market. Those that are truly interested in selling their properties know that over-priced homes risk stagnation. Buyers in todays market will need to be careful not to overextend themselves. They should know exactly what they can afford. Pre-approval for a mortgage loan is ideal because it lets buyers know exactly how much they can spend on their new home.
Looking forward, we anticipate a continuation of stable market activity, minus the urgency present in past. Gone are the multiple offers that left both buyers and sellers dissatisfied. The increase in the number of homes listed for sale are a definite advantage for purchasers who now have the luxury of time in making one of the most important decisions of a lifetime. For sellers, the time to trade-up has never been better.
Canadians are great believers in homeownership a fact underscored by the close to 70 per cent who own homes in this country. History has proven time and time again that real estate is a solid, long-term investment that appreciates at a rate of about five per cent annually. You cant live in your mutual fund, and after the last month in the financial markets, quite frankly, were not sure you'd want to.
Sincerely,
Michael Polzler
Executive Vice President and Regional Director
RE/MAX Ontario-Atlantic Canada Inc.
