Coldwell Banker R.M.R. Real Estate, Brokerage

Coldwell Banker R.M.R. Real Estate, Brokerage

Friday, 3 February 2017

Real Estate Stats: Durham Region, Uxbridge and Scugog

January 2017

Durham Ends 2016 Leadings

GTA in Average Selling Price


Durham Region Association of REALTORS® (DRAR) President Roger

Bouma reported 528 residential transactions in December 2016, a 4 per cent

decrease from the same time last year. “Real estate transactions tend to slow

down around the holidays,” stated Bouma. There were 411 new listings in

December 2016 compared to 512 in December 2015. The average selling price

in Durham reached $570,957 last month. In comparison, the average selling

price was $451,671 during the same period last year; a 26 per cent increase.

From the Toronto Real Estate Board Market Watch, January 2017

Uxbridge had the highest

increase in year-to-date average selling price growth with a 31 per cent

increase from 2015. The second highest increase was Oshawa at 27 per cent,

and third highest was Brock and Clarington at 21 per cent. Durham Region is

also selling the quickest in the GTA with a year-to-date average of 12 days-on-

market, 3 days quicker than Peel Region and 4 days quicker than York Region.

Ajax, Oshawa, and Whitby sold the quickest in Durham Region with an average

of 10 days-on-market.

Thursday, 3 November 2016

Real Estate Stats GTA/Uxbridge

October 2016 Home Sales Up Year-Over-Year
GTA is setting a Record Pace!

TORONTO, November 3, 2016 – Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB's MLS® System in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto.

“The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017,” said Mr. Cerqua.

The MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a year- over-year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1 per cent over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.

“New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller’s market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments,” said Jason Mercer, TREB’s Director of Market Analysis. 

UXBRIDGE, November 3, 2016  - The average selling price for all home types for the Township of Uxbridge combined was $745,988 - up 22.7% year-to-date.   There were 31 sales reported in October compared to 36 in October 2015 down 14%.  New listing for the month were 42 compared to 40 in October 2015 and increase of 5%.  However there were 82 active listings in Uxbridge for October 2015 well over the 53 listings on the market in 2016.   With the tight supply prices are still increasing and homes are selling quickly (the average days on market October 2016 are 17 days, 10 days shorted that in 2015)

From the Toronto Real Estate Board Market Watch, October 2016

Friday, 28 October 2016

Save Money on Home Energy This Winter

Save Money
On Home Energy This Winter

As we head into the winter months, you may notice one thing: an increase in your energy bill. The reduced amount of daylight drives us to turn on our lights sooner, while the cooler temperatures cause us to crank up the heat inside. The winter and summer months tend to be the most energy-intensive times of the year, as we try to maintain a comfortable indoor temperature, despite what the thermometer says. 

8 Tips to Save Money and Stay Warm this Winter 
1. Set the thermostat to 20° C (68°F) when you’re home.  Studies show you use 3-5% more energy for each degree the thermostat is set above this number.  Instead of increasing the heat, put on a sweater to stay warm. 
2. When you leave the house, lower the thermostat.  Why heat your house if no one is home? Lowering your
thermostat 10 -15 degrees can save 5-15% a year on your energy bill.
3. Close your curtains or blinds at night and when you’re not home to keep warm air from escaping. Go the extra mile and invest in thermal blackout curtains, which can help keep warm air where it belongs—in your home.
4. Check for drafts around windows and doors. Caulk gaps and cracks when you see them to prevent heat from escaping.
5. Close the damper of your fireplace when you’re not using it. Being mindful of this small action can keep your house noticeably warmer.
6. Insulate. Up to 25%of heat is lost through the small cracks and holes around the house.  Properly   insulating your walls, doors and attic can save you up to 10% on your total energy costs.
7. Replace old windows. Depending on the climate, windows can account for 25-50% of a home’s heating and cooling needs.  Make sure you’re not losing precious heat in the winter by replacing your old windows with high performance, energy-efficient windows. The added bonus? These windows not only regulate the amount of heat that is absorbed, they also help block outside noise.
8. Maintain your heating and cooling duct system.  By keeping your HVAC system in great shape, you can avoid costly and sudden repairs that might leave your home without heat, plus save money on your energy bills. 

Extend The Life Of Your Heating System
Your heating system will not only last longer if it is well maintained, but it will maximize its efficiency and minimize loss.  If you follow these steps you can extend the life of your heating system.
  1. Every month clean the air filters and replace them on a regular basis.  Minimum replaced once in spring as you get your air conditioner ready and again in the fall as you get ready for the heat to come on.
  2. Inspect to be sure the air ducts and heating pipes are properly sealed.
  3. Inspect for dirt or corrosion. 
  4. The heat exchanger should be kept clean to maintain heating levels.
  5. Make sure the air vents are clear.  No furniture or curtains covering any of the vents and the vents are in the open position.
How Efficient is Your Furnace?
When your furnace converts the fuel it is using to heat, the more heat you will retain in your home is based on how efficient the furnace is.  The efficiency of your furnace is measured in AFUE - Annual Fuel Utilization Efficiency.  The AFUE is found when you divide the annual fossil fuel energy your furnace uses by how efficient it is at converting the energy from its fuel to heat. 
Use the AFUE from your furnace to know if its time to upgrade.   If you do not know your furnaces AFUE, usually you can visit the manufacturer’s website by model or serial number to find your furnace’s rating.
56-70% AFUE: Heating systems that fall in this range are older, low- efficiency systems, and should be upgraded
80-83% AFUE: Heating systems that fall in this range are mid-efficiency systems.
90-98.5% AFUE: Heating systems that fall in the range are HIGH-EFFICIENCY systems
Keep Energy Costs Down All Year
Keeping your home warm in the winter uses the same things to keep it comfortable all year round.  Things like fixing drafts, keeping your filters clean and using a programmable thermostat.
Clean your systems filters once a month
Switch your thermostat switch to ‘AUTO’.  This way your system will not run continuously.
Program your thermostat to turn the temperature down when you are not home.
Consider purchasing a ‘SMART THERMOSTAT’.  These you can control from your smart phone even if your are not home.

Sources:  PG&E,, Natural Resources Canada, EnergyStar, Buffini