Durham Real Estate Investors Club
Spread the Word

All posts by Durham REI

Strong Selling Market in Durham Region

DURHAM REGION –The Durham Region Association of REALTORS® (DRAR) reported 902 sales for the month of August, down 65 sales or 7% from July. This brings the year-to-date sales for Durham Region up to 7,868. “In all of last year there were a total of approximately 9800 sales for the region. I expect that we’ll […]

Continue reading

Durham Re-Sale Market On Track to See Positive Year-End Sales Figures

DURHAM REGION – REALTORS® in Durham Region reported 967 sales for the month of July, 155 fewer sales than the 1,122 sales in June. “As expected, the region had fewer sales this month over last. July and August commonly experience a lower number of sales as people take their summer holidays. With 7,001 homes sold so […]

Continue reading

Approval given for ethanol plant to be built at the Oshawa Harbour

After years of wrangling, approval has been given for the construction of an ethanol plant at the Oshawa Harbour.  According to the Oshawa Port authority, construction on the $200-million facility is expected to begin this summer and be completed by 2014.  Oshawa Councillor Nancy Diamond calls the move, devastating for both the environment and the […]

Continue reading

Whitby building permit sales fall

Building permit sales were down in the town of Whitby last month.  The town sold 69 permits, which was well below the 143 sold in July of 2011.  Total construction value also took a hit, dropping to under $14 million, a fall of about 54 percent from last year. http://www.durhamradionews.com/archives/47754

Continue reading

Oshawa fire officials update by-laws

The City of Oshawa has updated two fire services by-laws.  The first deals with the placing of carbon monoxide detectors.  Landlords and homeowners are required to ensure their residence has working detectors on each level with sleeping quarters.  Chief fire prevention officer, Susan King, says they’ve also introduced some administrative penalties.  The city also revised […]

Continue reading

Officials discuss gaming possibilities in Whitby

The Whitby Chamber of Commerce is hoping council will be in agreement that the town should host an OLG gaming facility.  The chamber is lobbying the idea to council, and CEO Gordon Mackey says OLG  has set up 29 gaming zones throughout the province to host a gaming facility.  Whitby, Ajax and Pickering are Zone […]

Continue reading

Phase three of Whitby campus expansion plan kicks off

Work is underway at Durham College in Whitby.  Phase three of the Whitby Campus expansion is an $18 million centre for food expected to open in the fall of 2013.  Vice president academic, Judy Robinson says anyone passing the campus will be able to see the progress.  The 36-thousand square feet centre will have three […]

Continue reading

Durham Region Homes Stand Out When Comparing Affordability

DURHAM REGION, July 6, 2012 – The Durham Region Association of REALTORS® reported 1,122 sales for the month of June, a 10% decrease from 1248 in May. The month’s sales bring the year-to-date total to 6,065 sales for the first half of 2012. Average selling prices in the region increased by 1% to $344,907 in […]

Continue reading

Ontario Caps Rent Increase Guideline

McGuinty Government Stabilizing Rent Increase Guideline To Protect Tenants The passage of the Residential Tenancies Amendment Act will cap the maximum amount most landlords can increase a sitting tenant’s rent during the year at 2.5 per cent. Tenants will benefit from more predictable and stable rents so they have safe and affordable housing. For landlords, […]

Continue reading

Re-Sale Market is Healthy and Balanced in Durham Region

DURHAM REGION, June 7, 2012 – Durham Region REALTORS® reported 1,248 sales for the month of May, an increase of 3% from April bringing the year-to-date sales to 4,968. “With modest gains in the last two months, sales have been on a steady climb this spring. I anticipate seeing that trend continue into the summer […]

Continue reading