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

 

 

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

Charming 3 Bedroom Century Home located in Little Britain

Welcome to 5 Whiteside Street in Little Britain. If you have ever considered a move to the countryside and savouring the slower pace of a charming small town, this is your opportunity. This wonderful home has been updated throughout and has a Beautiful Foyer and Entrance way, large Country Kitchen, Formal Living and Dining area, Main floor 4 piece bathroom and direct access to a single car garage.

The large 64′ X 167′ yard provides an amazing outdoor space for you and your family to enjoy year round and the home is ideally situated at the gateway to cottage country yet is close enough to Oshawa, Whitby or Ajax for commuting.

the City of Oshawa is 53 Km’s and takes about 45 minutes to drive.

Updates to this home include:

  • Newer Well – 2009
  • Newer Electircal
  • Newer Windows
  • Newer Plumbing

History of Little Britain 

Little Britain was established in 1834 by a man named Harrison Haight. He built the first mill in Little Britain in 1837. This mill, which stood until 1910, took nearly the whole countryside to build. At the time, there was no road that led from Little Britain to Oakwood, located 5 km to the north. In 1850 Christians came and built the first church. They were followed by the Bible Church in 1852. The Post Office came in 1853.

Names suggested for the town were Margaretville, after Margaret Metherell, and Elm Grove, proposed by the first postmaster, Robert Fergusson Whiteside. The latter was rejected by the post office because of duplication, so Whiteside named it after his place of origin, Little Britain in Pennsylvania 

Prominent members of the time included Joseph Maunder’s carriage and blacksmithing works, W.M Burden’s carriage shop, Edwin Mark’s foundry, Isaac Finley’s steam roller flour mill, Dr George Wesley Hall MD and the Davidson’s flour mill. The railway was brought into Lindsay around the turn of the century

 

Today 

Little Britain today is still a primarily agricultural town. It also has a fairly significant tourist presence from the influx of cottagers on nearby Lake Scugog, and from those who use Little Britain Road as a means to bypass heavy cottager summer traffic on Highway 7. For such a small town, Little Britain boasts a number of comfortable amenities including a restaurant, bakery, bank, library, grocery store, post office, park, arena and a country gift store as well as many other services. There is a gas bar, two auto repair shops, a drugstore and a medical office.

 

For Additional Information on this wonderful home please contact me directly at:

SCOTT ROY Sales Representative

RE/MAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa ONT. L1H 4Z7 – (905) 728-1600 or (905) 435-7355

scott@lifeindurham.com 

 

Friday Open House in Port Perry

Welcome to 65 Heath Cres. in Port Perry Ontario

Come out to Port Perry this Friday July 27th from 4-6 p.m. and drop by to see this wonderful family home in Historic Port Perry. This home is a 4 Level Side-split and features 3 Bedrooms + 2 Bathrooms, Updated Kitchen, Finished Basement and Warm inviting main floor Family Room with W/O to Back yard.

  • New Windows installed 2017
  • New Patio Sliding Door Installed 2016
  • New Garage Doors installed 2016
  • New Flooring 2017
  • Updated Bathrooms and Kitchen
  • Fenced Side Yard and Above Ground Pool

Virtual Tour

Come out to Port Perry and take in the Annual Port Perry Rotary Rib Fest and Drop by to see this wonderful family home on a beautiful Corner Lot in a very family Friendly neighbourhood close to schools, Park, Public Transit and historic Downtown Port Perry.

For Additional Information please contact:

SCOTT ROY Sales Representative 

REMAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa, Ontario L1H 4Z7 

Scott@lifeindurham.com or (905) 435-7355 Direct/ text

 

 

 

Charming Century Home For Sale.

IMG_9069
Side Yard looking East

Exceptional Solid Brick Century Home In the Family Friendly hamlet of Little Britain (Just North of Port Perry). 

This Gem Shines From Top To Bottom, Hardwood Floors Throughout, Freshly Painted and Move In Ready! Large Sun Filled Principal Rooms With Gas Fireplace For Cozy Winter Nights. Spacious Country Kitchen along with a Main Floor Bath/Laundry Combo With Relaxing Spa Jet Tub.

The second level features 3 Generous Bedrooms and 1 has a fantastic Private Balcony, Walk-In Closet. Fully Fenced Side Yard making it a Safe Play Area For Your Children and Pets.IMG_9028

Commuting is easy with access to the new 407 extension to the East and the Existing 407 to the west. 

BONUS AREA the sizeable Unfinished Attic Area is Awaiting Your Design Ideas.

S/S Fridge + Stove, Water Heater, ELFS, Drapes  

List of Updates and Improvements

  • Electric Water Heater (owned)
  • R50 attic insulation
  • All Copper Plumbing
  • Energy Efficient Screen Doors (2
  • Energy Efficient Vinyl Windows (11)
  • Central Air Conditioning
  • New Eaves, fascia, soffits
  • New Garage Door
  • Humidifier on Furnace
  • Water Softener
  • Drilled Well (2009)

List Price $475,000

 

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 Direct (905) 435-7355 and Scott@lifeindurham.com

 

Charming and Welcoming Century Home For Sale in Little Britain on a Beautiful Corner Lot

Rare and Exceptional Opportunity to own a little piece of History in the quaint  village of Little Britain. 

Virtual Tour

Don’t miss your chance to won this Lovely Century home built in 1920, Situated on a beautiful corner lot. This Gem shines from top to Bottom and is loaded with all kinds of potential. From the moment you walk in to the Front Foyer you will notice updates well blended into the original charm of this home.

IMG_9026The main floor features a large Living Room with gas fireplace and hardwood floors and a view overlooking the front yard. You will also find the very generously sized Dining Room and large Country Kitchen. Off the back side of the kitchen is a nicely appointed Laundry and 4 Piece Bathroom. The Combination Laundry room provides a large staging area where you can access the partially fenced side yard and single car garage.

IMG_9040The Second level features 3 bedrooms and another 4 piece bathroom. The master bedroom stretches across the entire front of the house and has a stunning sun deck where you can enjoy a good book or your morning coffee. The other 2 bedrooms all feature closets and a generous amount of space in each room.

Added Bonus – The Loft area on the 3rd level remains unfinished but has potential for a unique home office, hobby area or children’s hangout.

The large 64′ X 167′ yard provides an amazing outdoor space for you and your family to enjoy year round.

This home is situated at the gateway to cottage country yet is close enough to Oshawa, Whitby or Ajax for commuting. Oshawa is 53 Km’s and takes about 45 minutes to drive.

Updates to this home include:

  • Newer Well – 2009
  • Newer Electircal
  • Newer Windows
  • Newer Plumbing

Home is currently listed on the MLS system at $475,000 and is available for scheduled showings. Please contact me directly if you require additional information or would like to book a viewing of this charming century home.

Scott Roy, Sales Representative

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

(905) 728-1600 Office / (905) 435-7355 direct/ text  or Scott@LifeinDurham.com