Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
Nestled just south of Uxbridge along the 7th Concession lies the Village of Glen Major, a serene community with a rich history. Though it now appears quiet and remote, this area was once a thriving village, alive with industry and community spirit.
The roots of Glen Major trace back to the mid-19th century when it was known as Glen Sharrard, named after the Sharrard family, who established the first sawmill around 1850. The sawmill became the heart of the village, driving growth and drawing settlers to the area.
By the late 1800s, Glen Sharrard was bustling with activity. The village boasted two sawmills, a gristmill, a hotel, a general store, a post office, a train station, a school, and the Wesleyan Methodist Church, which was built in 1873 and quickly became a cornerstone of the community.
School House closed in the 1940’s and is now a private residence
In the 1870s, Edward Major purchased the sawmills and decided to rename the village in honour of his family. By 1878, Glen Major was officially established. The post office, which had opened in the 1860s, provided a vital connection to the outside world, and the church brought people together for worship and social gatherings.
Possible the General Store or Post Office. Now a private residence.
Despite its early success, Glen Major faced challenges as the industrial landscape changed. Larger sawmills in Uxbridge and other towns outcompeted the smaller operations in Glen Major, leading to the mills’ closure before the turn of the century.
As employment opportunities dwindled, the general store followed suit, and the village’s decline accelerated. The post office closed in 1928, and by the 1940s, the school had shut its doors due to a lack of students. Over time, Glen Major faded into a quiet community, leaving only traces of its once-vibrant past.
Today, Glen Major is a peaceful area, with a few enduring landmarks that tell the story of its past:
Glen Major United Church: Originally the Wesleyan Methodist Church
While the industry and activity that once defined Glen Major are long gone, its history is still felt in the community’s remaining structures and the memories they evoke. The village serves as a peaceful retreat, offering glimpses into a time when sawmills hummed with activity, the train station bustled with travellers, and the church echoed with hymns.
Glen Major may be quiet now, but its legacy endures, inviting visitors to reflect on the resilience and determination of the people who built and sustained this once-thriving community.
Follow our Uxbridge History blog to learn more about the history around our town.
Source:
Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
– 1878 –
Nestled amidst the rolling hills of Uxbridge, Ontario, the Pine Grove Church stands as a testament to the area’s rich history. This quaint, white-painted church, has been a beacon of faith and community for generations.
Pine Grove Church was built through the dedication and collaboration of local pioneer families. The land on which it sits was purchased from Edward and Mariah Major for the symbolic price of one dollar, reflecting the communal values of the time. This simple yet profound act of generosity laid the foundation for a place where faith, community, and heritage would intersect.
In the early years, the church was served by ministers from neighboring towns, including Uxbridge, Goodwood, and Claremont. These dedicated individuals traveled the winding roads to bring comfort and guidance to the growing congregation.
A poignant reminder of the pioneers who laid the groundwork for this community is the Cross of Remembrance. Raised in June 1953, this memorial honours the unknown and unmarked graves of those who settled the area.
Cross of Remembrance
After years of disuse, the Pine Grove Church experienced a renewed sense of purpose thanks to the efforts of the Pine Grove Church Ladies Auxiliary. They organized special services for Christmas, Thanksgiving, and the spring, breathing new life into the historic building.
The charm and timelessness of Pine Grove Church did not go unnoticed beyond its local community. In the early 1990s, it was chosen as a filming location for the popular Canadian TV series Road to Avonlea, which aired between January 7, 1990, and March 31, 1996. This show, beloved by many for its depiction of life in early 20th-century Prince Edward Island, showcased the church’s quaint beauty to a wider audience, adding a layer of cultural significance to its history.
The Pine Grove Church continues to be a cherished landmark, a symbol of the enduring spirit of faith and community. Its story is interwoven with the history of Uxbridge, and it remains a reminder of the pioneers who shaped this region.
Learn more about the history in Uxbridge by visiting our Uxbridge History blog.
Here is the Region of Durham Housing October 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From Toronto Regional Real Estate Board
Toronto Regional Real Estate Board – Market Stats At A Glance – October 2024
Read the Toronto Regional Real Estate Board Market Watch Report
In October 2024, the real estate market in the Township of Uxbridge experienced a significant shift in pricing. The average sales price fell to $958,056, representing a notable 31.1% decrease from October 2023’s $1,389,763 and a 10.2% decline from September 2024’s $1,067,444. Despite this drop in prices, total sales remained steady at 18, matching September’s figure and just slightly below the 19 sales recorded in October last year. New listings saw a reduction to 44, down from 70 in September and slightly fewer than the 48 new listings in October 2023. Properties took longer to sell, with an average of 71 days on the market, indicating a slowdown in buyer activity. The months of inventory remained balanced at 5.17, suggesting that while conditions are leaning toward stability, the market is cautious as buyers and sellers adjust to changing dynamics.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Here is the Region of Durham Housing October 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From Toronto Regional Real Estate Board
Read the Toronto Regional Real Estate Board Market Watch Report
In October 2024, the real estate market in the Township of Scugog showed signs of stability with a slight upward shift in prices. The average sales price rose to $949,782, a modest 1.0% increase from September’s $940,838 and nearly unchanged from October 2023’s $949,263, reflecting market resilience. Sales activity picked up, with 38 transactions recorded, up from 32 in September and significantly higher than the 19 sales in October last year, indicating stronger buyer interest. New listings decreased to 53, down from 70 in September but up from 47 in October 2023, creating tighter inventory conditions. Properties spent an average of 36 days on the market, showing a moderate pace of turnover. The months of inventory dropped to 2.08, shifting the market back into sellers’ territory and suggesting that demand is currently outstripping supply.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Here is the Region of Durham Housing October 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From Toronto Regional Real Estate Board
Toronto Regional Real Estate Board – Market Stats At A Glance – October 2024
Read the Toronto Regional Real Estate Board Market Watch Report
In October 2024, the real estate market in the Township of Brock experienced a shift. The average sales price fell to $732,861, marking an 18.4% decrease from September’s $898,438, but still a 1.94% increase from October 2023’s $718,907. Total sales for the month improved to 18, up from 8 in September and also higher than the 14 sales recorded in October last year, indicating an increase in buyer activity. New listings stood at 44, down from 52 in September but higher than the 36 new listings in October 2023. Properties spent an average of 64 days on the market, reflecting a slower pace of sales. The months of inventory decreased to 4.83, bringing the market back into balanced territory, signalling that while conditions have cooled, there is still steady demand.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Here is the Region of Durham Housing October 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From Toronto Regional Real Estate Board
Toronto Regional Real Estate Board – Market Stats At A Glance – October 2024
Read the Toronto Regional Real Estate Board Market Watch Report
In October 2024, the real estate market in Durham Region showed mixed trends. The average sales price declined slightly to $888,914, down 0.6% from September’s $894,499 and 4.58% lower than October 2023’s $931,548. However, market activity picked up with total sales reaching 888, a significant increase from 672 in September and well above the 588 recorded last October, signalling heightened buyer interest. New listings totalled 1,766, a slight decrease from 1,964 in September but nearly identical to the 1,761 new listings in October 2023. The average property spent 36 days on the market, indicating a balanced pace of transactions. Notably, the months of inventory dropped to 2.51, pushing the market back into sellers’ territory, suggesting that demand continues to outpace supply despite price fluctuations.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
109 Brock Street East
The R.P. Harman House at 109 Brock Street East is a charming example of historic architecture in Uxbridge, showcasing the elegance and craftsmanship of the past. This L-shaped, 1 ½ storey frame house stands out with its distinctive blend of Gothic Revival elements. The home features large and small gables, adding depth and character to its exterior, while the front door—crafted in the Gothic style—serves as a focal point, welcoming visitors onto a quaint, railed verandah.
One of the home’s standout features is the intricate stained glass that adorns the sidelights and transom around the front door. This artistic detail not only enhances the aesthetic appeal but also offers a glimpse into the craftsmanship and design trends of its time.
The house is tied to the legacy of Reuben P. Harman, a well-respected figure in Uxbridge. Harman was both a schoolteacher and a businessman, deeply rooted in the local community. His entrepreneurial spirit led him to own a Sash and Door Factory as well as the “Foundry – Aeric Machinery.” His contributions to Uxbridge’s development through education and industry reflect the house’s historical significance.
The R.P. Harman House stands as more than just a residential building; it’s a testament to Uxbridge’s rich history, offering a window into the lives of the people who helped shape the town during the late 19th and early 20th centuries.
Learn about other Uxbridge historic homes by following our Uxbridge Historic Homes blog page.
Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
– 1924 –
Uxbridge Historical Centre
Nestled atop Quaker Hill, the Quaker Hill Public School stands as a charming reminder of a bygone era in Uxbridge’s history. Built in 1924, this original one-room brick schoolhouse served the community’s educational needs for 45 years, until its final class was dismissed in 1969. The modest building, with its simple architecture and picturesque surroundings, sat unused for several years before it was revived in 1972 by the Uxbridge-Scott Historical Society, transforming it into a museum.
What makes the Quaker Hill Public School truly special is how much of its original character has been preserved. The slate blackboard, still intact, offers a glimpse into the past when students’ lessons were written out in chalk, while the flanks of windows remain as a striking feature of the space. These windows not only fill the room with natural light but also provide a stunning view of the Uxbridge valley and the rolling countryside that surrounds it.
Today, the Quaker Hill Public School continues to be a vital part of the community. Far from being a static monument, the school has evolved into a popular rental venue, where its charm and history lend themselves to a variety of activities. It is regularly used for educational programs, workshops, meeting spaces, camps, and other events, offering both locals and visitors a unique backdrop for learning and gathering.
Whether you’re visiting for a history lesson, attending a workshop, or simply soaking in the view, the Quaker Hill Public School stands as a testament to Uxbridge’s dedication to preserving its rich heritage while continuing to serve the community in meaningful ways.
Visit the Uxbridge Historical Centre in person
7239 Concession 6, Uxbridge
Or online at www.uxbridgehistoricalcentre.com
Follow our blog Uxbridge History to learn more about the history in Uxbridge.
Here is the Region of Durham Housing September 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From the Toronto Regional Real Estate Board
Read the Toronto Regional Real Estate Board Market Watch Report
In September 2024, the real estate market in the Township of Uxbridge experienced significant price fluctuations and shifting buyer behaviour. The average sales price fell to $1,067,444, a 17.3% decrease from August’s $1,291,179, and marking a 19.4% decrease compared to September 2023’s $1,324,645. Despite the price drop, total sales remained relatively stable at 18, compared to 20 in August and 19 in September of last year. However, new listings surged to 70, double the 35 listings in August and significantly higher than the 56 recorded in September 2023. As a result, the months of inventory rose to 5.50 from 4.40, pushing the market further into balanced market territory.
A growing trend of price adjustments has become apparent, with 61% of listed homes seeing a downward price change. Many properties have been terminated and relisted at lower prices as sellers adjust to market realities. This trend is likely to persist, especially following the Federal Government’s recent announcement of changes to default mortgage insurance, raising the minimum value to $1.5 million and extending the 30-year amortization option to first-time homebuyers, effective December 15. Additionally, Bank of Canada rate announcements on October 23rd and December 11th are expected to keep some buyers on the sidelines, waiting to see the impact on interest rates and further downward pressure on the real estate market.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Here is the Region of Durham Housing September 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From Toronto Regional Real Estate Board
Read the Toronto Regional Real Estate Board Market Watch Report
In September 2024, the real estate market in the Township of Scugog saw a notable decline in prices but an increase in activity. The average sales price dropped to $940,838, down 8.6% from August’s $1,029,883 and 17.5% lower than September 2023’s $1,140,500. Despite the price decrease, total sales for the month increased to 32, up from 23 in August and 21 in September last year, indicating a busier market. New listings also rose to 70, compared to 53 last month and 50 in September 2023, giving buyers more options. The months of inventory decreased slightly to 3.06, bringing the market to the low end of balanced territory, suggesting a more even playing field between buyers and sellers.
The market is seeing a growing number of properties with price adjustments, with 61% of listed homes lowering their asking prices. Many sellers are being forced to re-list at lower prices, reflecting the market’s current conditions. This trend is expected to continue, particularly with the Federal Government’s recent announcement to raise the default mortgage insurance minimum to $1.5 million and extend 30-year amortization to first-time homebuyers, effective December 15. The upcoming Bank of Canada rate announcements on October 23rd and December 11th could also keep some buyers cautious, as they wait for potential shifts in interest rates and further downward pressure on prices.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Here is the Region of Durham Housing September 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From Toronto Regional Real Estate Board
Read the Toronto Regional Real Estate Board Market Watch Report
In September 2024, the real estate market in the Township of Brock saw a sharp rise in prices, even as sales activity slowed. The average sales price surged to $898,438, representing a significant 19.9% increase from August’s $749,240 and an impressive 17.1% jump from $767,125 in September 2023. (It should be noted that there were two rural properties sell between 1.5million and 1.7million inflating the average selling price.) Despite this price surge, total sales for the month dropped to just 8, compared to 10 in August and 20 in September last year, highlighting the slower pace of transactions.
New listings, however, increased to 52, up from 30 in August and 33 in September 2023, contributing to the growing inventory. As a result, the months of inventory rose sharply to 11.25, moving the market further into buyers’ territory, giving purchasers more negotiating power as inventory swells and competition decreases.
A growing trend of price adjustments has become apparent. Many properties have had price changes or have been terminated and relisted at lower prices as sellers adjust to market realities. This trend is likely to persist, especially following the Federal Government’s recent announcement of changes to default mortgage insurance, raising the minimum value to $1.5 million and extending the 30-year amortization option to first-time homebuyers, effective December 15. Additionally, Bank of Canada rate announcements on October 23rd and December 11th are expected to keep some buyers on the sidelines, waiting to see the impact on interest rates and further downward pressure on the real estate market.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
Weekly Real Estate Market Minute for the Townships of Uxbridge and Scugog
Here is the Region of Durham Housing September 2024 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Uxbridge, Scugog and Brock.
From Toronto Regional Real Estate Board
Read the Toronto Regional Real Estate Board Market Watch Report
In September 2024, the real estate market in Durham Region saw a continued softening in both prices and sales. The average sales price for the month dropped to $894,499, reflecting a 1.5% decline from August’s $907,997 and a 1.4% decrease compared to $907,359 in September 2023. This marks a steady downward trend as buyers face ongoing affordability challenges. Total sales for the month came in at 672, down from 709 in August but slightly above the 653 sales recorded in September last year, showing a relatively stable, yet slower pace of transactions.
Meanwhile, new listings surged to 1,964, up significantly from 1,605 in August and higher than the 1,727 new listings in September 2023. This increase in inventory is giving buyers more options, which is likely contributing to the cooling of prices. The months of inventory rose to 3.56, up from 3.10 in August, indicating a gradual shift into a balanced market as inventory levels rise and competition among buyers eases.
A growing trend of price adjustments has become apparent. Many properties have had price changes or have been terminated and relisted at lower prices as sellers adjust to market realities. This trend is likely to persist, especially following the Federal Government’s recent announcement of changes to default mortgage insurance, raising the minimum value to $1.5 million and extending the 30-year amortization option to first-time homebuyers, effective December 15. Additionally, Bank of Canada rate announcements on October 23rd and December 11th are expected to keep some buyers on the sidelines, waiting to see the impact on interest rates and further downward pressure on the real estate market.
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
© 2024 Coldwell Banker Canada. All Rights Reserved. Coldwell Banker®, the Coldwell Banker logo, Coldwell Banker R.M.R. Real Estate, Brokerage and the Coldwell Banker Global Luxury logo are registered service marks owned by Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
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