Pickering Open House Sunday March 24th 2-4 p.m.

Join Me this Sunday March 24th at 836 Darwin Drive from 2 – 4 pm and have a tour of this wonderful family home. Pickering OH 6

MAP

Impressive Ravine lot in a fantastic family friendly neighbourhood of Pickering. This wonderful home features:

  • 3 Bedrooms
  • 3 Washrooms
  • 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 

scott@lifiendurham.com 

 

 

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

 

 

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

Port Perry Open House! June 4th & 5th

Fantastic Port Perry Home will be Open This Weekend !_MG_2962

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
  • Additional Details available at this LINK 

For Additional Information about this home please feel free to contact me directly and book your own private showing:

SCOTT ROY Sales Representative

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

(905) 728-16700 Office or (905) 435-7355 Direct / Text

Scott@LifeinDurham.com

Amazing Market Stats Across Durham Region

First Quarter Market Statistics

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.

Average Selling Price – Q1 2015

(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
last year.

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.

Contact Me Today:

SCOTT ROY, Sales Representative

RE/MAX JAZZ Inc Brokerage

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

scott@lifeindurham.com

Housing Market is Hot in Durham

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 move2013-10-18 11.07.52 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 2015-02-25 12.10.44Oshawa 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.

2015-02-25 12.13.00The 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.

The Entire Port Perry Star Article can be found by Clicking Here

If you would like more information on your own neighbourhood or community I would be happy to help. Please feel free to contact me:

SCOTT ROY 073860_REMAX_Number_One_3D_Chrome_RGB

RE/MAX JAZZ Inc. Brokerage

21 Drew St. Oshawa, Ontario

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

scott@lifeindurham.com

Buying a Home Is a Very Exciting Process!

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).
  • What to include when making an offer.
  • Closing costs to plan for.

 

Contact me Today to find out more information

SCOTT ROY 

RE/MAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa, Ontario

(905) 728-1600

(905) 435-7355 Direct 

Scott@lifeindurham.com