Impressive Ravine lot in a fantastic family friendly neighbourhood of Pickering. This wonderful home features:
2 Car Garage
Brick and Stone Exterior
Backing onto Ravine
within 10 minutes of 4 Schools
Home is also situated on a Huge Pie Shaped Lot on a very Quiet Court. Absolutely Impeccable Home and lovingly maintained. An original Custom Built Home With 18′ Vaulted Ceilings In The Main Floor Family Room. Gourmet Chef’s Kitchen With Large Greenhouse Breakfast Area. Hardwood Floors Throughout Main Floor. Elegant Coffered Ceiling In The Formal Dining Room. Separate Living Room that Can Be Used As An Office. Beautifully Landscaped Front And Back and for the dog lovers there is Dog Run At Side Of Home.
Drop by if you are in the area or if you are looking for that ideal family home.
Currently Listed on the TREB MLS system at $899,000
For Additional Information please contact me directly:
SCOTT ROY sales representative
REMAX JAZZ Inc. Brokerage, 21 Drew Street, Oshawa ON L1H 4Z7
(905) 728-1600 Office or (905) 435-7355 Direct / Text
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.
Executive Style Ranch Bungalow in the very desirable neighbourhood of Castle Harbour just north of Historic Downtown Port Perry.
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 overlooking 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 bedroom 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.
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.
This Wonderfully Built Karvon Home has 4 Bedrooms + 3 Bathrooms & Walk Out Basement that is currently unfinished and provides a blank canvas to create what ever you would like (Family Games Room, Home Office or Theatre, Additional Living space for Extended Family). We will be opening this home up for everyone to see on Both Saturday June4th and Sunday June 5th from 2-4 p.m. on both days. MAP
Features of the Home include:
9 Foot Ceilings on Main Level
Spacious Kitchen with Additional Cabinetry
Eat In Kitchen
Main Floor Family Room
Mud Room / Utility Room With Direct Garage Access
2 Car Garage
Oversized Windows in Basement
Walk Out Basement
Huge 50 Foot Lot
4 Spacious Bedrooms
Huge Master Bedroom with Walk In Closet and 4 Piece Ensuite
There has been a 13% increase in the average home prices within the Durham Region .
In March 2015 the average selling price reached $430,291.00 When compared to last year in March 2014 the average selling price was $380,267.00. Low Interest rates Are keeping home ownership insight for many people and the low rates have also allowed many to make that “Move Up” to a larger more spacious home even with the increase In home prices.
(Print out the PDF above to check out the stats for the area you live in)
Townhouses remain the strongest growth sector across Durham Region with that sector accounting 15.3 % increase in value when compared to the same time
Another contributing factor to this growth is the lower than expected inventory levels. Combine that with the fact that there are more buyers in market place today than last year and
continued lower inventory levels are causing Buyers to compete (sometimes aggressively) in order to acquire a property of their dreams. The Competition between the buyers has also had
a strong affect on the market place, All you have to do is look at the average list to sale price for 2015 at 101% compared to 99% in 2014.
Durham Region is still experiencing a strong sellers market, however, with the summer months not too far off we can anticipate a leveling off in the market place, possibly making it a
good time for buyers to continue looking while everyone else heads off on summer vacations and to their cottages.
If you know of any family members or friends who are considering selling their home or purchasing a home please have them contact me and I will be happy to assist them and provide the
Research, Knowledge and Market Insight they need.
Durham Region is quickly becoming a very desirable place to be and Live! I can think of so many reasons why families are looking eastward from Toronto. The two very prominent reasons for this recent increase in demand are the fact that prices in the area remain very much in reach for many first time home buyers and move up buyers in the Toronto market. That combined with the extension of the 407 ETR out to Harmony Rd. in December 2015 will vastly reduce travel times into Toronto, Person Airport and other surrounding communities that now employ a great deal of people such as Mississauga, Vaughan and Richmond Hill.
In a recent article in the Port Perry Star I was surprised to see that the Township of Scugog which is where Port Perry is located, actually has the highest average selling price in Durham Region for 2015 so far at $596,201. The article also stated that Scugog township shot near the top of the list for single detached homes with an average cost of $614,000 second to Pickering with an average selling price for a single detached home at $615,000.
There are many factors that will influence average prices; Overall population and the type of housing available to buyers in those cities, communities or towns will have a major impact. Take for example Oshawa which has a greater mix of housing types with Semi Detached, Townhomes, Condo Apartments and Single Detached homes compared to a town such as Uxbridge or Port Perry where the resale market is dominated by larger Single family detached homes and not a lot of Townhomes or Semi Detached homes available for buyers.
The article also went on to talk about current inventory levels not being at the same level as demand from buyers, which results in a bit of sellers market. Even though there was a 6% increase in the number of residential transactions so far in 2015 demand from Buyers still outstrips the current inventory levels. Many buyers who have been involved in multiple offers will remain in the market and will probably be even more active once this cold and snow is gone. Many industry leaders across the region are pointing to the economy (lower Interest rates), the lower Canadian Dollar and strengthened exports to continue fueling better job possibilities which will in turn continue to drive this very active real estate market.
Buying a home is one of the biggest decisions you can make in your life.
It can be an exhilarating experience, but it can also at times be overwhelming and very confusing. There are a lot of preparations to make and costs to plan for. I can help walk you through the entire process step by step in order to alleviate some of the confusion and misconceptions.
My Goal is to help you learn:
How to get pre-approved for a mortgage.
An understanding of how important being pre-approved is
Tax Credits you might not know about.
Steps to finding your dream home.
Establishing a great relationship with a professional Real Estate agent (Me).
A few weeks ago I was speaking to some clients and customers about moving up to larger more spacious homes. Most wanted to however there was common thread among everyone for not wanting to make the move right now and that was “it seems larger homes are increasing in value so much quicker”. This may be true but it is a bit of a misconception – it seemed larger homes were increasing quicker because that is what they are focused on right now. Most people are only looking at the homes they would like to move up to and not the values of the homes they are in. Having uncovered this little nugget I thought it would be cool to do some research for some of those people. Most people I spoke to are currently living in smaller Townhomes so i picked a street that is made up of entirely townhomes and ran some numbers from 2010 to today.
Here is what I found out:
Street “A” Located in North Oshawa – 3 Bedroom + 3 Bathroom Town-Homes with roughly 1500 – 1600 square feet
2010 Average Sale Price $233,250 with the highest sale being $258,000
2011 Average Sale Price $239,480 with the highest sale being $247,900 – Based on Average Sale price that is an increase of only 2% from 2010 to 2011
2012 Average Sale Price $264,633 with the highest sale being $274,900 – Based on Average Sale price that is anincrease of 10% from 2011 to 2012
2013 Average Sale Price $294,378 with the highest sale being $319,500 – Based on Average Sale price that is an increase of 11% from 2012 to 2013
That is an amazing increase in just 4 years – I am not sure if any standard investments have performed as well and provided that much of a return. At the low end of the spectrum there is potentially $61,128.00 worth of equity in your home. Not to mention most Canadians are very responsible in paying down their mortgages which means there might be even more equity available that will allow them to move up to the larger and more spacious home or acquire a home in the neighbourhood they have always wanted to be in, the one with the mature trees lining the street with great schools and with walking distance to all amenities.
If you are interested in finding out more about the street you live on or the neighbourhood you call home, please feel free to give me a call and I can provide the same level of research that will help you with your own decisions. Deciding to buy and or sell is a huge decision and should be made when you have all of the most relevant information you can obtain. Being well informed can save you thousands of dollars!
If you or someone you know is considering buying a home or selling their own home please have them contact me I would be happy to help with all of their real estate needs!
I will be hosting an Open House this Saturday, March 23rd from 2 – 4 p.m.
854 Chapleau Dr in Pickering is a lovely 2 + 2 Bedroom Home with a legal second unit in the basement with a separate entrance – MAP
Wonderful 2 Bedroom Bungalow On a Quiet Street In South Pickering. There is a tremendous Pride Of Ownership in this Home!
The are of Bay Ridges in Pickering is Close To Lake Ontario, Parks, Schools and this home is located within walking distance to the Pickering Go Transit station and is only minutes from the Pickering Town Centre. Easy Access to the 401.
The original honey oak hardwood floors are in great condition. Main floor Bathroom was renovated in 2010 to create a Much Larger 3 Piece Bathroom! The master has a beautiful walk out to the back deck where there is fully fenced yard with a generous side yard as well. The Carport has a large built in storage “shed” on the one side.