How to Make the Most of Your Summer in Durham Region

As summer peaks, there's still plenty of time to soak up the sun and enjoy all that Durham Region has to offer. From outdoor adventures to local events, there's something for everyone to make the most of these warm, sunny days. Here are some top ways to spend the rest of your summer in Durham Region.

1. Explore the Great Outdoors

Hiking and Biking Trails

Durham Region boasts an extensive network of trails perfect for hiking and biking. Some must-visit trails include the Waterfront Trail in Oshawa, which offers stunning views of Lake Ontario, and the Seaton Trail in Pickering, known for its lush greenery and serene river views. For a more challenging adventure, try the trails at Durham Forest…

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In recent years, the Canadian real estate market has witnessed a significant shift: the emergence of the solo homebuyer. This trend reflects broader social changes and evolving lifestyle preferences. Let's explore what this means for the market and why more individuals are choosing to buy homes on their own.

Changing Demographics and Preferences

One of the key drivers behind the rise of solo homebuyers is changing demographics. With increasing rates of single-person households and a growing number of people delaying marriage, more individuals are entering the housing market alone. This demographic shift is reshaping the real estate landscape, creating new opportunities and challenges for buyers and sellers alike. According to a recent survey,…

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Welcome back to our detailed real estate market update for June 2024 in the Greater Toronto Area (GTA) and Durham Region. This month has seen some notable developments reflecting broader economic sentiments and potential shifts in the mortgage landscape.

GTA Market Insights:

Sales Activity: June 2024 saw a continued reduction in home sales across the GTA. According to the Toronto Regional Real Estate Board (TRREB), 6,213 home sales were reported through the MLS® System, marking a 16.4% decline compared to the 7,429 sales in June 2023. Despite the Bank of Canada's rate cut at the beginning of the month, many buyers chose to hold off on their purchasing decisions.

Home Prices: The MLS® Home Price Index (HPI) Composite benchmark experienced a 4.6%…

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Ontario has set an ambitious goal to build at least 1.5 million homes by 2031, and Oshawa is playing a significant role in this initiative. With a 10-year housing target of 23,000 new homes, Oshawa has made steady progress since 2022. As of 2024, the city has added 3,408 new homes, including 1,135 in 2023, and 294 so far this year, reaching 15% of the 2024 target of 1,917. This blog explores the benefits and challenges of this growing housing inventory for buyers and sellers in Oshawa.

The Benefits of Increased Inventory

Greater Choice for Buyers

For homebuyers, the increase in new homes means more options. Whether you're looking for a cozy starter home, a spacious family residence, or a lucrative investment property, the expanding inventory…

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