DURHAM REAL ESTATE GUY

Open House on a Great Family Home This Sunday, March 17th from 2-4 p.m.

Posted on March 15, 2019 by Durham Real Estate Guy

Welcome to 954 Townline Road South in Oshawa where we will be hosting an OpenHouse, Sunday March 17th from 2-4 p.m.

Drop by and check out this Charming 3 Bedroom, 3 Bathroom Home with So Much To Offer a young family or couple looking to downsize and maintain a location that is convenient to so many amenities. Check out the virtual tour below

Virtual Tour

This wonderful home backs onto a park, features a walk out basement and a spectacular view of Lake Ontario. There is convenient access to highway 401, and Go Transit. and Durham Public Transit. Shopping and Restaurants are only a few minutes down the road.

Quartz Counter
Stainless Steel Appliances
Brand New Flooring In The Bedrooms,
Fresh Paint Throughout,
Gas Fireplace
Master Bedroom Features a 4 Piece Ensuite,
Second 4 Piece Bath On The Upper Level,

For Additional information about the upcoming Open house or details of this home contact me directly;

Scott Roy, Sales Representative

REMAX JAZZ Inc. Brokerage, 21 Drew St., Oshawa

(905) 728-1600 Office

(905) 435-7355 Direct / Text

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Exclusive Waterfront Home in Port Perry

Posted on March 15, 2019March 15, 2019 by Durham Real Estate Guy

Welcome to Your Waterfront Oasis on Lake Scugog with 3 Bedrooms, 3 Bathrooms Detached 2 Car Garage. Designed and created with a “Bungalow lifestyle” in mind.

Beautiful Western Views and Vistas that can only be outdone by the absolutely Stunning Sunsets you can take in from the huge deck overlooking Lake Scugog. This home has been designed around a bungalow lifestyle with the Master Bedroom on the main level that features walk through closet to a beautiful 4-Piece Semi Ensuite Bathroom. You will also find the laundry room on the main level and a stunning Open Concept floor plan that is almost completely barrier free.

This custom built 3 Bedroom, 3 Bathroom home has a detached 2 car garage complete with a 2nd Story Loft that is ready to be developed. Generous driveway allows for parking for up to 8 cars. 24 Foot soaring cathedral ceilings provide a sun drenched living space with stunning views across the lake from almost every room. The open concept main floor layout also features a stunning kitchen with Solid Wood Cupboards that are complimented by the rich black granite counter tops and high end appliances, including an induction stove with down draft venting. The Open Concept Living space makes this a a great environment to Entertain with family and friends.

Other Features:

Hardwood Floors on 1st and 2nd levels

Ceramic Tiles in Kitchen and Foyer

LED lighting throughout the Home

New Drilled Well

New Septic System

Parking for 8 Cars

Rough In for “In Floor” Radiant heating in basement

Dont miss the Opportunity to make this Wonderful Waterfront home your own !!!

Contact me for additional information or to book your own private showing.

SCOTT ROY Sales Representative

RE/MAX JAZZ INC Brokerage

21 Drew Street Oshawa, Ontario L1H 4Z7

(905) 728-1600 (Office) or (905) 435-7355 (Text/Direct)

Scott@LifeinDurham.Com

Exclusive Listing and is currently offered for sale @ $1,199,000

We Need Good Supply and an Equal Level of Demand.

Posted on March 15, 2019 by Durham Real Estate Guy

I would tend to agree with a few of the points from an article that appeared in the globe and mail from a few weeks ago (see below). It is my understanding that the more first time home buyers that enter the market without sufficient inventory to select from can be one of the contributing factors of what happened a few years ago where too many buyers in the market didn’t have enough homes (inventory) to select from. Demand outstrips supply and we see 2, 3 or 4 buyers looking to acquire that entry level home in a good neighbourhood and multiple offers increase the purchase price which then has a trickle down affect to the next sale in the neighbourhood and the feeling from Buyers that they have to outbid other buyers as opposed to being able to shop for a home.

Article from Globe and Mail

There seems to be recognition that maybe there could be somethings to consider to assist 1^st time home buyers getting into home ownership. Although, RBC warns against taking measures to spur the market.

Some highlights as follows;

Some chatter of late of what Bill Morneau may unveil in the March 19^th budget related to housing affordability
Some possibilities mentioned have been;

o 30 year amortizations for 1^st time home buyers

o Relaxing the stress test

o Increasing the tax free RRSP withdrawal limit for 1^st time home buyers

RBC Senior Economist, Robert Hogue, warns against taking such measures as they don’t address concerns such as;

o Gaps in the mix of housing options

o High household debt

o Inventory challenges

o He even warns such measures could inflate prices

Hogue does not believe Canada has a problem with home ownership;

o On average, more than 40% of Canadian Households headed by those under the age of 35 own their homes

o The proportion of Canadian households who own a home is one of the highest in advanced economies

Hogue feels that the collective goal should be to remove barriers (regulatory, administrative etc.) inhibiting developers and builders to respond quickly to the demand for new housing

If you would like to know more about the real estate market in your neighbourhood or community i would be happy to create a customized report that will outline the details of the market is performing from both sides of the equation.