Durham Region Association of REALTORS® (DRAR) President Sandra O’Donohue reported 1,471 residential transactions in June 2016. A slight increase compared to the same period last year. “Demand continues to exceed supply,” stated O’Donohue. In contrast, there were 1,755 new listings in June 2016 compared to 1,796 June 2015; a 2.3 per cent decrease.
The president also confirmed my message to all my clients as to the added value to our real estate from the government investment in infastructure to Go Transit and 407 extention to our area.
The GO Transit’s Lakeshore East extension into Clarington demonstrates much needed attention to the transportation infrastructure in Durham Region. “With ease of use directly impacting commuters, the extension will greatly improve the value of homes and increase demand of properties in our neighbourhoods,” added O’Donohue. “It is inevitable that this will impact real estate and drive growth in Durham Region.”