We Need Good Supply and an Equal Level of Demand.

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 1st 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 19th budget related to housing affordability
  • Some possibilities mentioned have been;

o   30 year amortizations for 1st time home buyers

o   Relaxing the stress test

o   Increasing the tax free RRSP withdrawal limit for 1st 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.

Scott Roy, Sales Representative

RE/MAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa ON L1H 4Z7

(905) 728-1600 office  or (905) 435-7355 direct / scott@lifeindurham.com

 

 

Oshawa Open House Today from 2-4 p.m.

IMG_2127 copyWelcome to 954 Townline Road South in Oshawa where We will hosting anotherOpenHouse today, Sunday February 16th 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 a couple looking to downsize and maintain a location that is convenient to so many amenities. Check out the virtual tour below  
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

 

Hustling to Earn Your Business !

REMAX Logo NewConstantly searching for ways to become your trusted partner prior to you needing that trusted partner in real estate. Click on the fun link below to watch our hustle video.

Hustling To Earn Your Business

For Additional Information Please contact me directly to learn more about the real estate process, myself and the current real estate market in your own neighbourhood.

SCOTT ROY, Sales Representative

RE/MAX JAZZ Inc. Brokerage, 21 Drew Street

Oshawa, Ontario 

(905) 435-7355 Direct / Text 

Scott@lifeindurham.com 

 

hustlegraphic

 

Start the New Year with a New House!

image 2019-01-04 at 11.31 amJoin me this Weekend for an Open House at 250 Union Ave in lovely and Historic Port Perry where we will be Showcasing 250 Union Ave this Sunday January 6th, From 2-4 pm

Check out the Virtual tour of this lovely home:

Virtual Tour

This 3+1 Bed, 3 Bath, Raised Bungalow Has Been Lovingly Maintained And Updated. Situated On A Massive And Fully Landscaped Lot. Very little to do as This Home Is Completely Turn Key.
Main Floor Features Hardwood Flooring Throughout The Living And Dining Rooms, Heated Ceramic Tiles In The Kitchen where you will also find tons of great Storage And Working Space.
Broadloom In The Spare Rooms Along With The Large Master That Has A 2Pc Ensuite.
Basement Has Been Professionally Finished With Another Spare Bedroom And 3Pc Bath,, Fireplace And Massive Rec.  Room. The Back yard also features A Beautiful Newer Deck Perfect For Entertaining. 
Currently Listed for sale on the MLS system @ $624,900 – Property taxes have been estimated at $4037.00 for 2018 
For Additional Information about the upcoming Open House please contact me directly 

SCOTT ROY Sales Representative 

RE/MAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa ON 

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

Thursday Open House in Port Perry from 4-6 pm

Join me today Thursday November 1st from 4-6 pm here in Historic Port Perry for an Open House at 5 Anders Drive!

Virtual Tour

Wonderful Family Home Featuring 3 Bedrooms, 2 Washrooms, Finished Basement With Walk Out to Backyard. Main Level has Bamboo Flooring and Kitchen combined with Breakfast area and another Walk Out to the large Back Deck overlooking the entire yard.

Drop by today to view and take a tour of this wonder home.

For additional information please contact me directly:

SCOTT ROY Sales Representative

RE/MAX JAZZ INC. Brokerage

21 Drew Street, Oshawa, ON.

905-728-1600 or 905-435-7355

Scott@LifeinDurham.com

First Time Family Home in Port Perry

Welcome to 5 Anders Drive Port Perry 

Wonderful 3 Bedroom & 2 Bathroom Home located in a very family friendly neighbourhood in Port Perry just minutes from the historic downtown area.

Virtual Tour 

Kitchen is combined with cozy Breakfast area that features a walk out to the large deck overlooking the backyard. Main level features bamboo flooring, direct access to the single car garage and 2 piece powder room. There are 3 bedrooms on the second level with a completely renovated 3 piece bathroom.  Renovated basement provides a bit more living space and also features a walk out to the backyard patio. Garden shed in back yard and tasteful landscaping creates very nice curb appeal for this home.
Dont miss the opportunity to make this wonderful and well cared for home your own. 
 
Additional Highlights and Features: 
 
  • Furnace 2017 
  • Air Conditioning 2017 
  • Newer Roof 2013 
  • Garage Door 2011 
  • Basement renovated 2011 
  • Rental Hot Water Tank 

For Additional Information please contact:

SCOTT ROY, Sales Representative

RE/MAX JAZZ Inc Brokerage 21 Drew St., Oshawa 

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

Scott@LifeInDurham.com

 

Beautiful Port Perry Waterfront at Honeys Beach

Have you ever Dreamed of combining the convenience of having your home and your recreational property all in one place?

IMG_0165 (1)

Virtual Tour 

If you have this wonderful 4 bedroom and 3 bathroom home is exactly your opportunity. One of the most desirable and convenient locations in the area with stunning sunrises, fishing, relaxing and seasonal water-sports at your back door and a short commute to Toronto or other GTA locations. Completely renovated starting back in 2012 with many additions and updates have made this home both beautiful and efficient.This wonderful home has 4 generous sized bedrooms – Including a huge master bedroom retreat with a stunning 4 piece ensuite, double closets and a view of the lake. 3 Main level bedrooms are all generous in size and have access to the main 5 piece bathroom. The absolutely gorgeous kitchen upgrades include granite counters, hardwood floors and custom backsplash. Enjoy entertaining with family and friends while taking in the stunning waterfront view across lake Scugog.  The finished basement provides yet another area to relax and enjoy the many views of the lake. There is an enclosed Hot Tub in the 3 season room and a protected lower deck that will allow you to enjoy the scenery no mater what the weather is offering up. Both the lower and upper deck have been completed with TREX decking for long lasting and maintenance free enjoyment.

 

  • Entire Home Renovated 2012
  • Side addition 2012 (Living Room)
  • Front Addition 2012 – (Garage and Master Bedroom & Bathroom)
  • All New Wiring 2013 – ESA inspected
  • All New PEX Plumbing 2013
  • Entire House Insulated 2013 (R22 in Walls and R50 in Attic)
  • Spray Foam Insulation Side Addition and Garage Ceiling 2014
  • New Mabec Siding 2014
  • New Brick and Stone Work on Front Addition 2013
  • New Hardwood Flooring (Oak) 2013
  • Basement Sub Floor Dricore 2013 – Then Laminate Basement Floor 2015
  • Most Doors and Windows Replaced 2013
  • New Gas Hot Water Heater 2018
  • Gas Furnace and Air Conditioning 2013
  • New Water Pump and Water Line 2018
  • Shoreline Landscaping with Permits 2016
  • Trex Decking Upper and Lower Deck 2013
  • Privacy Fence and Hedge 2016
  • Driveway 2015
  • 2 New Natural Gas Fireplaces 2015
  • Garage Door – Insulated R12 and New Front Entrance Door 2014
  • 2 Garden Sheds Both with Power 2014

For Additional Information or to book your own personal tour of this home please contact:

SCOTT ROY Sales Representative 

RE/MAX JAZZ Inc. Brokerage, 21 Drew Street Oshawa ON

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

Scott@LifeInDurham.com