• 1
  • 2
  • 3

Latest News

DURHAM REGION, July 6, 2018 – Durham Region Association of REALTORS® (DRAR) President Dennis Roberts reported 918 residential transactions in June 2018, a 6.87 per cent increase from May 2018 and a 7.92 per cent decrease from the same time last year. June also saw the number of new listings in Durham decrease month-over-month to 1,895, down from 2,247 new listings in May. The average selling price reached $610,728 in June 2018, a 2.22 per cent increase compared to May 2018.


“After some adjustment to the new Office of The Superintendent of Financial Institutions (OSFI) stress test regulations and generally higher borrowing costs, the increase in sales over the last couple months are a clear indication that home buyers have started to get back into the market,” said Roberts.

 “Durham Region continues to offer the best home value in the GTA. According to the MLS® Home Index and Benchmark Price, Durham continues to offer affordable housing options for buyers,” said Roberts. “Durham leads with the most affordable single-family detached, single-family attached, townhouses and apartments. For example, the benchmark price for a single-family detached home in Clarington is $546,700.”

“With a new provincial government at Queen’s Park and municipal election campaigns underway, Durham REALTORS® are continuing to ensure that home ownership, housing affordability and supply issues are top priorities for elected officials,” said Roberts.

The new Provincial Cabinet has plenty of representation from Durham Region. Peter Bethlenfalvy, the MPP for Pickering-Uxbridge, has been named the President of the Treasury Board. Ajax MPP Rod Phillips is the new Minister of the Environment, Conservation and Parks. Laurie Scott, Haliburton-Kawartha Lakes-Brock MPP, was named Minister of Labour. Former Whitby MPP, now representing Newmarket-Aurora, Christine Elliott has been named the Minister of Health and Long-Term Care and Deputy Premier. Durham MP Lindsey Park was named the Parliamentary Assistant to the Attorney General.


Follow:
Durham Region Association of REALTORS® on Facebook
@DurhamRENews on Twitter

To download the full Durham Region Housing Report, click below:

06 - 18 Housing Report

ChamberPod

Episode Nine: The One Where We Meet Our Number 1 #Fanboy

Listen on Google Play Music

Chamber Videos

Your Greater Oshawa Chamber of Commerce recently upgraded its database! Learn how to use it in this how-to video.

Signature Event Sponsors

      

       
   
            

      

Business Directory Search

CLICK to view Printed Business Directory
 

 

 

Enjoy Business Matters eNews delivered straight to your inbox bi-weekly!

Sign Up Now

  • JOIN THE CHAMBER

    Your membership provides you with a connection to local businesses, networking and seminars, and member exclusive deals. Want to get involved – contact our staff for opportunities. Learn More
  • ADVOCACY & POLICY

    The Chamber actively works to advance existing business and attract new economic opportunities. Chamber priorities are driven by you - our members and the community at large. Learn More
  • LIVE, WORK, PLAY

    We are the hub for business communication and collaboration. Whether you’re planning on starting a business, moving to our vibrant community or simply visiting, the Chamber invites you to enjoy all that we have to offer. Learn More
  • 1

Chamber Partners

              The Canadian Chamber of Commerce                 CME                OIC                    Ontario Chamber of Commerce