Are Home Prices Declining in the Durham Region?
Posted by Dan Plowman on
The Durham Region real estate market has been at an all time high ever since the pandemic hit and people began moving out of Toronto and into smaller communities in the 905 region. Over the past two years, housing prices have skyrocketed in the Durham Region with many homes selling for well over the $1 million price point. However, that may all be changing.
A recent report from the Toronto Regional Real Estate Board shows that median house prices in suburbs outside of Toronto are actually declining. Between the months of February and March, median house prices in the Durham Region dropped 7.2%. But does this mean that the real estate bubble has burst and we can expect to see a continuous decline going forward?
Dan Plowman recently spoke with…
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