Gulshir The Realtor

December 2020 Durham Region Market Update! "While the housing market as a whole recovered strongly in 2020, The supply of single-family homes remained constrained resulting in strong competition between buyers and double-digit price increases. In contrast, growth in condo listings far-outstripped growth in sales." said Jason Mercer, TRREB Chief Market Analyst. The next 12 months will be critical as we chart our path through recovery. In particular, the impact of resumption i...n immigration and the re-opening of the economy will be key." John DiMichele, TRREB CEO. Let's talk about it! GulshirTheRealtor.ca

Durham Region 2021 Market Outlook. RE/MAX Canada is anticipating healthy housing price growth in 2021, with move-up and move-over buyers continuing to drive activity in many regions across the Canadian housing market. An ongoing housing supply shortage is likely to continue, presenting challenges for homebuyers and putting upward pressure on prices. Let's Talk About It! ... GulshirTheRealtor.ca

November 2020 Durham Region Market Update! Home buyers continued to take advantage of very low borrowing costs in November, especially those looking to buy some form of single-family home. Competition between buyers for ground-oriented homes has been extremely strong in many neighbourhoods throughout the GTA, which has continued to support double-digit annual rates of price growth, said Lisa Patel, TRREB President. Market conditions tightened in many single-family market s...egments in November, resulting in double-digit year-over-year increases in average selling prices for detached houses, semi-detached houses and townhouses. In contrast to the single-family market segments, buyers continued to benefit from much more choice in the condominium apartment market compared to last year, particularly in the City of Toronto. The number of new condominium apartment listings in November was almost double that reported in November of last year. More options in the condo apartment market translated into a small year-over-year decline in the average condominium apartment selling price in the ‘416’ area code. For the most up to date property information subscribe to GulshirTheRealtor.ca

With demand outweighing the supply of homes in the Durham Region Real Estate market it's extremely important who you hire to represent you in finding your dream home. One of the benefits of working with a professional such as myself, is that we have exclusive networks and are aware of homes that will become available well before they hit the market! If you wish not to entertain a bidding war, let's talk about it! #durhamregionrealestate #whitby #pickering #Ajax #oshawa #offmarket #comingsoon #committed

3 Questions You MUST Ask Yourself Before Buying A Fixer - Upper! 1. Am I emotionally prepared for a renovation? You'll go through a roller coaster of emotions, from stress to anxiety to excitement. be prepared as much as you can by setting your expectations. Don't expect everything to go as planned, be flexible in case changes come up, and keep reminding yourself that everything you're going through is temporary.... 2. Do I have enough money to renovate? That fixer-upper may be a sweet deal, but will you have enough money afterwards to cover the costs of renovations? add a cushion of at least 10% and get several quotes from different contractors. 3. Have you spoken to an inspector? an experienced home inspector can tell you how the property's major systems are doing, including the roofing, foundation, plumbing, electrical, and HVAC. You may want to make your offer conditional upon satisfactory report by the home inspector. Let's Talk About It! #durhamregionrealestate #oshawa #ajax #whitby #committed #pickering

October 2020, Durham Region Market Update! Sales and new listings reached record levels for the month of October. However, year-over-year growth rates for sales and new listings diverged in some market segments. In the detached market segment, the pace of annual sales growth far outstripped growth in new listings. Conversely, the condominium apartment market segment experienced more than double the new listings compared to October 2019, whereas sales were only up by 2.2 per ...cent over the same period. Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighborhoods. In contrast, condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors, said Lisa Patel, TRREB’s President. Looking beyond COVID-19, it is clear that the high demand for housing will continue. If you have any questions or concerns fill free to connect! For the most up to date property information kindly subscribe to GulshirTheRealtor.ca ! Take Care & Stay Safe!