24 per cent year-over-year home sale increase in Durham Region

DURHAM REGION, September 6, 2019 – Durham Region Association of REALTORS® (DRAR) President Tina Sorichetti reported 1,046 residential sales in August 2019 representing a 24 per cent increase from August 2018. Durham Region has seen significant year-over-year sales growth over the last five months.

“Year-over-year sales growth remains strong in Durham Region. Along with the increase of residential sales, new listings were also up 5 per cent on a year-over-year basis,” said DRAR President Tina Sorichetti.

The average selling price in Durham for the month of August was $614,362; this represents a slight increase from the same time last year. The MLS® Home Price Index Composite Benchmark for August 2019 was up by 2.6 per cent in Durham. The MLS® HPI benchmark price in Durham was $565,400 last month.

“With the strong sales growth in Durham, the Bank of Canada’s decision that left the interest rate unchanged for the seventh straight meeting, will continue to assist potential homeowners enter the market. In August, Months of Inventory in Durham was 1.8,” said DRAR President Tina Sorichetti. “As Durham continues to attract new homeowners and economic development – job growth thrives. It is important that we remain aware whether housing supply is meeting the demand in Durham.”

The OSFI mandated stress test has impacted many potential homeowners and forced them to the sidelines. As the federal election fast approaches, it is important homeownership, affordability and supply remain top priority issues for Canadians.

Recently, Maclean’s gathered data on 415 communities across the country and compared them to find the best communities in Canada. Durham Region’s Whitby, Ajax, Oshawa, Clarington and Pickering communities were ranked on the list as the best communities for retirement in 2019. Maclean’s ranked the data based on the following categories: wealth and economy; affordability; access to health care; population growth; weather; amenities; culture; commute; taxes; and crime.

“Durham Region is a great place to live and we are proud to see several communities in Durham acknowledged for the excellent access to health care, economy and amenities,” said Sorichetti.

Corinne Mash

Being a full-time working Mother of 2 lovely little girls, I really get the value in multi tasking. And that is exactly what comes into play in most real estate transactions. Being able to keep all of the moving parts in order, to ensure that my clients are comfortable, calm and happy with the outcome. I have striven to build my business on the basic and time proven principles of truth, integrity and the highest possible level of professionalism. Those foundations are what drive me and my business. I am a Member of the Durham Region Association of Realtors - DRAR Member of the Real Estate Council of Ontario- RECO Member of the Canadian Real Estate Association - CREA Member of the Ontario Real Estate Association - OREA Member of the Institute of Law Clerks of Ontario – ILCO. As a Law Clerk, I have a strong foundation of legal concepts and applications relevant to residential real estate including: land division in Ontario, the many faceted land registration system, surveys, title insurance, ownership, the agreement of purchase and sale, the numerous applicable statutes, purchasing, selling, and closing the transaction. I am Smart Certified and have kept up to date on all the latest advancements in the Smart Housing sector. I love working with first time buyers or clients with families. I have high regard for attention to detail, because, ultimately, that will guide a smooth transaction and make the experience a pleasant one for my clients. If they are happy, then I certainly am too. On a personal side, I am involved in numerous Charitable Foundations. I have always felt strongly about giving back to the community and love paying it forward. At CB RMR I am on the Community Committee that is charged with creating fun outings for our large client base. That’s just one more way of giving back to both the community and our clients.