We are seeing a shift in the market with SALES down 21.6% from last month and average selling prices cooling off by 6%. Expect to see further adjustments as borrowing rates increase and we adapt to new ways of living through the economic challenges that we have faced over the last 2 years.  


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I have sold a property at 2248 Boundary RD in Clarington.
Tucked Into A Forested 1.8Ac Lot, Located In Desired Burketon Community, This Stunning Bungalow Offers Architectural Style Along W/A Functional Living Space. Gorgeous Wood Floors & Cathedral Ceilings Are Complimented By A New Fireplace W/Live Edge Wood Mantel. Walk Out To The Composite Deck Surrounded By A Glass Railing As Not To Obstruct The Picturesque Views. 3 Massive Bedrooms & A Newly Fin Bsmt W/Vinyl Plank Floors & 3Pc...
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When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! In fact, most homes come with flaws of a sort whether it is old paint or flooring, outdated fixtures or perhaps more extensive repairs are needed.  

While some buyers have no issues dealing with these deficiencies in a home or perhaps do not consider them dealbreakers, other house hunters might.

If you are looking into a home that requires improvements, there is a mortgage product known as Purchase Plus Improvements (PPI). This type of mortgage is available to assist buyers with making simple upgrades, not conduct a major renovation where structural modifications are made. Simple renovations include paint, flooring, windows, hot-water tank, new furnace, kitchen updates, bathroom updates, new roof, basement finishing, and more.

Depending on whether you have a conventional or high-ratio mortgage, if it is insured or uninsurable, and which insurer you use, the Purchase Plus Improvements (PPI) product can allow you to borrow between 10% and 20% of the initial property value for renovations.

The main difference between a regular mortgage and a purchase plus home improvements program is the need for quotes. As part of the verification process, your mortgage professional and the lender will need to see a quote for the work that is planned for the improvements. The quotes will provide us with the cost and plan details required to secure the final approval.

The lender will release the full funds directly to the lawyer with instructions to hold onto the portion for improvement costs until the renovations are completed. You would need to pay the contractor and then, once the renovations are complete, and the lender has approved and waived the holdback, the lender will allow the lawyer to release the additional funds.

To get started with this type of mortgage program, the first step is reaching out to myself to understand how this mortgage product would apply to your application and specific situation, based on your existing mortgage. Understanding what you qualify for and the types of improvements that can be included in the financing will help you better understand which potential houses might work great for you and how much financial room you have for improvements.

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I have sold a property at 127 Beaver ST S in Newcastle.
4 Bdrm, 2.5 Baths. Updated Kit, B/S, S/S Appls, Range Hood Cover, Coffee Counter, Pot Lights & Tons Of Cupboard Space. Master W/Ensuite Featuring Contemporary Fixtures, Steam Bath, Walk In Closet & More! Fully Fenced B/Y On Nearly 1/2 An Acre Lot W/20X18 Deck, Heated 25X22 Workshop W/Water, Electricity & Shed. Walking Distance To Amenities. Prof Renovated & Decorated By One Of The Most Sought After Designers In The Durham Regions,...
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I have sold a property at 184 Williams Point in Scugog.
Beautifully Renovated Lakefront Home, No Expense Spared, Shows Like A Model, A Perfect Getaway Or Permanent Residence. Expansive Lake View And Gorgeous Sunsets; Brand New Kitchen With Quartz Counters, Breakfast Bar; Pine Ceilings; Pot Lights; Napoleon Gas Fp; Glass Railing On Large Waterfront Deck; Naylor Docks; Spray Foamed Foundation Walls; Bunkie Above Boathouse; 2nd Bunkie; Heated Water Line; Visit & You Won't Want To Leave!...
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I have sold a property at 462 Queen ST in Port Perry.
All Brick 3-Bedroom Home With Attractive Curb Appeal & Detached Brick Single Car Garage. Fabulous Location In The Heart Of Port Perry Close To Elementary & Secondary Schools. Walk To All Amenities, Stores, Banks, Churches, Restaurants, Lake Scugog, Parks, Library, Hospital & Recreational Activities A Short Walk Away. Beautiful Large Awning Windows Throughout Makes The Entire Home Extremely Bright With Natural Sunlight. 3 Updated...
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I have sold a property at 96 Silver ST in Port Perry.
96 Silver Street, Port Perry Bright, spacious, solid BRICK BUNGALOW in the heart of historical Port Perry! Easy walk to Lake Scugog's waterfront, restaurants/shops/schools/hospital. This 2 + 1 beds, 2 bath, east-facing home is located on a quiet, no-exit st, across from green space. 2 bed & oversized bath on main. East-facing Living/Dining with an expansive view. Bright kitchen w hardwood floors. HUGE breezeway connecting garage/house....
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I have listed a new property at 184 Williams Point in Scugog.
Beautifully Renovated Lakefront Home, No Expense Spared, Shows Like A Model, A Perfect Getaway Or Permanent Residence. Expansive Lake View And Gorgeous Sunsets; Brand New Kitchen With Quartz Counters, Breakfast Bar; Pine Ceilings; Pot Lights; Napoleon Gas Fp; Glass Railing On Large Waterfront Deck; Naylor Docks; Spray Foamed Foundation Walls; Bunkie Above Boathouse; 2nd Bunkie; Heated Water Line; Visit & You Won't Want...
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The average price in Durham Region has dropped 6.5% from last month to $1,148,685, and still remains the lowest amongst the GTA Regions.

There is a shift happening and we expect to see further corrections still but nothing overly substantial.

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