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

 

 

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

 

Port Perry Open House – Sunday November 26th 2-4 p.m.

Start Off 2018 In your New Home in this wonderful Executive Style Bungalow in Beautiful Port Perry – Join us Sunday afternoon @ 32 Castle Harbour Drive in Port Perry between 2 – 4 p.m. and take a tour of this wonderful home.

Virtual Tour

IMG_4869

Just over 2600 square feet on the main floor! This home has so much to offer almost any buyer. There are 3 Generous sized bedrooms on the main level and 1 additional bedroom on the lower level. You will also find 4 Bathrooms throughout the home, 3 on the main level and 1 on the lower level. A couple of the unique features of this home are the dual entrance ways and 2 staircases leading to the finished lower level.

You will also find this home has a unique sitting area with 2 skylights and Large Windows overlooking the back yard. A huge living room you simply wont find anywhere else and will  accommodate every family member for those special celebrations and Holidays. The screened in porch is situated along the backside of the home and is IMG_4839overlooking the pool and lush gardens for those more relaxing an quieter moments. A  Massive 27′ X 27′ – 2 Car Garage has direct access to the home and plenty of room for each car and additional storage.

 

The Lower level is completely finished with a combined Recreational Room and Family Room and Wood burning Fireplace. There is an additional kitchen, 1 additional bedroomIMG_4859 and Hot Tub located in a Sunroom off the kitchen. Walk Out Basement along with huge windows make this an absolutely wonderful area filled with loads of natural light.

Outdoor Oasis!!

This wonderful home is situated on 1.5 acres and is surrounded by mature trees which create a very private and oasis like setting. There is an in-ground pool and gardens throughout the back yard and walking trails where you can access Lake Scugog.

 

Price Reduction – 44 Bond Street, Unit 401

Price has been Reduced on this 1+1 Condo in Downtown Oshawa !!! IMG_6566

Welcome to 44 Bond Street – Unit # 401

This Bright & Spacious 1 Bedroom + Den (2nd Bedroom) condo can be yours. Don’t mis this opportunity!  Spacious and Open Concept Kitchen overlooks the Dining Area and Living Room, great for entertaining and the Second Bedroom / Den provides plenty of live/ work options. There is a large 4 piece bathroom and ensuite laundry. Good Sized Main Bedroom + Second bedroom. Quiet North Exposure with Juliette Balcony. Broadloom & Ceramic Throughout.  Attractive Building Close to All Amenities Including Transit, Shopping, Hospital, UOIT Campuses, Restaurants & More! Ideal Condo For 1st Time Buyers, Students or Investors.

VIRTUAL TOUR

  • Underground Parking.
  • Include All Appliances
  • Electric Light Fixtures
  • Window Blinds & Coverings,
  • Exercise Room,
  • Sauna,
  • Party Room And More!

For additional Information please feel free to contact me:

SCOTT ROY Sales Representative

RE/MAX JAZZ Inc Brokerage 

21 Drew Street, Oshawa Ontario L1H 4Z7

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

scott@lifeindurham.com

VIRTUAL TOUR

Fantastic New Listing in Port Perry – Ranch Style Bungalow 3+1 Bedrooms

Executive Style Ranch Bungalow in the very desirable neighbourhood of Castle Harbour just north of Historic Downtown Port Perry.

IMG_4869

At just over 2600 square feet on the main floor this home has so much to offer almost any buyer. There are 3 Generous sized bedrooms on the main level and 1 additional bedroom on the lower level. You will also find 4 Bathrooms throughout the home, 3 on the main level and 1 on the lower level. A couple of the unique features of this home are the dual entrance ways and 2 staircases leading to the finished lower level.

You will also find this home has a unique sitting area with 2 skylights and Large Windows overlooking the back yard. A huge living room you simply wont find anywhere else and will  accommodate every family member for those special celebrations and Holidays. The screened in porch is situated along the backside of the home and is IMG_4839overlooking the pool and lush gardens for those more relaxing an quieter moments. A  Massive 27′ X 27′ – 2 Car Garage has direct access to the home and plenty of room for each car and additional storage.

 

The Lower level is completely finished with a combined Recreational Room and Family Room and Wood burning Fireplace. There is an additional kitchen, 1 additional bedroomIMG_4859 and Hot Tub located in a Sunroom off the kitchen. Walk Out Basement along with huge windows make this an absolutely wonderful area filled with loads of natural light.

Outdoor Oasis!!

This wonderful home is situated on 1.5 acres and is surrounded by mature trees which create a very private and oasis like setting. There is an in-ground pool and gardens throughout the back yard and walking trails where you can access Lake Scugog.

Virtual Tour

Don’t Miss this rare opportunity to make this home your own. homes such as this only come along once in a while.

For Additional Information or to book your own private showing please contact me directly:

SCOTT ROY, Sales Representative

RE/MAX JAZZ Inc Brokerage

21 Drew Street, Oshawa, Ontario L1H 4Z7

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

scott@lifeindurham.com

Beautiful Ranch Bungalow For Sale in Port Perry

Welcome to 15093 Old Simcoe Rd!

Don’t Miss Your Opportunity to Make This Winning Combination your Own!

Virtual Tour

IMG_3078Newly Renovated to Create a Wonderful Open Floor Plan with 4 Bedrooms and 3 Bathrooms. Finished Basement Provides Even More Liveable Space for your Family. This Lovely Ranch Style Bungalow is Situated On A Huge Country Size Lot Right in Town. Enjoy Morning Coffees or Wonderful Sunsets on Your Sprawling Front Porch, Reminiscent of Yesteryear! Newly Paved Driveway Leads to a Turn Around Parking Pad and Insulated & Fully Detached 2 Car Garage. Back Deck Provides Plenty of Space for Friends, Family and Entertaining and Don’t Forget About the Huge Fully Fenced Back Yard  Where you canIMG_3093 Enjoy so Many Outdoor Activities. This Home is located Within Walking Distance To Historic Downtown Port Perry, Public & High Schools and Many More of the Amenities Town Has to Offer. Perfect Timing To Get Settled Into Your New Home Before School Starts!

 

Other Features and Highlights 

  • Huge Yard
  • Roof to be Replaced end of July 2017
  • Newly Paved Driveway
  • Hidden Television in Main Bathroom
  • New 3 Piece Ensuite in Master bedroom
  • 4 Bedrooms
  • Finished Basement
  • Great Location
  • Detached 2 Car Garage

 

For Additional information on this wonderful listing please contact either

SCOTT ROY or PAULA WILBAND, Sales Representives

RE/MAX JAZZ Inc. Brokerage 

21 Drew Street, Oshawa, Ontario, L1H 4Z7

(905) 728-1600 Office

Scott@LifeinDurham.com or Paula@paulawilband.com

Open House Today @ 1113 Tall Pine Ave Oshawa. 1-4 p.m

front-1Join us today from 1 -4 p.m. at 1113 Tall Pine Ave and tour this wonderful 3 Bedroom Home in a simply fantastic home in a very family friendly neighbourhood.

1113 Tall Pine Ave in Oshawa has 3 Bedrooms + 3 Bathrooms and is just over 1500 square feet. Unspoiled Basement has a walk Out to the Backyard and a rough in for a 3 piece bathroom. backyard

Don’t Miss this Opportunity – Drop by today and took a look for yourself.

For Additional Information Please contact me directly:

SCOTT ROY Sales Representative

RE/MAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa Ontario

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