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

 

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

 

 

 

Beautiful Port Perry Waterfront Home For Sale.

Welcome to Your Waterfront Oasis on Lake Scugog – 3 Bedrooms, 3 Bathrooms and All created and designed 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 an 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. The Stunning 24 feature wall is surrounded by glass and makes yet another bold statement in this home. This space is also a place to relax an unwind with a Cozy Fireplace that will warm the space in winter and enhances the visual appeal of the stunning stone feature wall throughout the year.
The Unique Loft area on the second level provides a panoramic view of the first floor and a quiet area for reading, painting, relaxing or possibly a beautiful Home Office space. 
The Finished Basement provides a huge area for relaxing and or entertaining with family and friends and features a gas fireplace and 2 walkouts to the gorgeous waterfront yard with a circular patio and campfire area.  The basement also features a 2 piece bathroom and storage room. 
 
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)
Property listed for sale @ $1,199,000 – Check out the link for more details @ 340 Fralicks Beach Rd

North Oshawa Open House, Sunday April 29th from 2-4 p.m. @ 2486 Steeplechase St.

Stunning 3 Bedroom Townhome with over $20,000 in Builder upgrades ! 

Dont miss this opportunity to move into one of Oshawa’s fastest growing neighbourhoods.

Join us on Sunday afternoon April 29th for an Open House from 2-4 p.m. at 2486 Steeplechase Street. Come and take in the many upgrades, The Open Concept main floor layout and Spacious bedrooms and bathrooms on the second level.

Virtual Tour

The beautiful quartz counter tops and upgraded stainless steel appliances in the kitchen Upgraded Kitchenhelp accentuate the luxurious feel in this open concept space where entertaining with family and friends would be a dream. There is also a walkout to the slightly elevated deck in the back yard.

Upgrades Include:

  • Quartz Countertops in Kitchen
  • Pot Lights on main level
  • Dark hardwood Floors
  • Upgraded Zebra Style Blinds
  • Finished Basement (With Oversized Windows)

Basement has been finished and features broadloom floor covering, oversized windows making this space very bright and welcoming. There is also and unfinished laundry area and ample storage

For Additional information please contact:

Scott Roy Sales Representative

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

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

Scott@LifeInDurham.com 

Oshawa Open House Today – Saturday, Feb. 10th from 2-4 p.m.

Join us today at 1086 Snowberry Street in Oshawa From 2-4 p.m.

Check out and Drop by this tastefully decorated and renovated home on a quite street close to many amenities. Home boasts 3 bedrooms, 2 bathrooms, Finished Basement, Updated and fully Renovated Kitchen and 2nd Floor Bathroom, Stunning New Hardwood Staircase and Wrought Iron Railings. Click on the Link Below to See the 3D Virtual Tour of This lovely home.

3D Virtual Tour

 

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 Direct

scott@lifeindurham.com