Diana Jestratijevic Real Estate

☀️ As the Spring real estate market is in full swing, inventory is on the climb. In May 2024, there was an 84% increase in active listings and a 24% increase in new listings.

✨What does this mean?

We are seeing a more balanced market in many areas as a result of more homes being available. While many homes are still selling with multiple offers, the average days on market is now 14. Buyers have more choice and more time, while sellers are prepared for a longer market period than in the past.

✨How about prices?

Sellers east of Oshawa experienced an increase in average sale prices month over month, as these areas remain the most affordable for buyers moving out of the Durham Region:

Clarington: +6%
Northumberland: +4.6% (with Brighton up 26%)
Peterborough: +3.8%
Kawartha Lakes: +14%

✨And rates?

The Bank of Canada announced a 0.25% rate drop this month, and economists predict another reduction in July.

🙌🏼 The Bank of Canada announced a rate drop of 25bps today. After a series of increases, the bank hiked to 5% in July 2023 and kept it there until now. Today’s decrease marks the first rate drop since March of 2020.

Why now?

1. Canada’s economy did not grow to meet the numbers expected in the first quarter.

2. The inflation rate was recorded at 2.7% in April, much closer to the bank’s 2% goal. Canadians can reasonably expect more cuts as long as inflation continues to ease.

🔥 Economists predict another drop in July, followed by two more before the end of the year.

There's nothing more powerful than someone who chooses to be themselves ❤💛🧡💚💙💜

Wishing all the moms out there a very Happy Mother's Day!💐

📣 April Market Stats📣

🔎April of 2023 had a resurgence in market activity which was hard to beat. As new listings increased, providing buyers with more choice, the Durham Region took a hit year over year and month over month in home sales and average sales price. 

🌟Entry level homes were the star this April as buyers jumped into home ownership. Semi-detached homes in Toronto were up 5% from 2023. Buyers headed east where we saw Northumberland Townhouses increase a whopping 32% and Semis increase 10%. Further north, Peterborough Semis increased 29%, still the most affordable entry level in the market with an average selling price of $587,900.

⏳Many homeowners listing their home are anticipating spring market demand. While sales are expected to pick up, some home buyers moving into a larger home are waiting for the Bank of Canada to begin cutting its policy rate. The Bank of Canada meets again on June 5th.

Hristos Vaskrse! Happy Easter to all my Orthodox family and friends celebrating today!🐣

💥SOLD IN 1 DAY!💥

Congratulations to my friend on the sale of her beautiful home! Thank-you for allowing me to assist you with the sale and for trusting me to get it sold quickly!❤

👀Sneak Peek

Here's A Sneak Peek At This Whitby beauty!

26 Kressman Crt. Whitby

◾Located On A Family Friendly Court
◾Beautiful 3 Bed, 3 Bath Home In
◾Gorgeous Renovated Kitchen
◾Hardwood Floors Throughout
◾Primary Bedroom With Walk In Closet
&Ensuite Bathroom
◾Finished Basement
◾Upgraded Throughout Including
Windows, Roof And Furnace
👉 Reach out for more info or to book a private showing.

📣 COMING SOON📣

This Whitby beauty will be hitting the market this week and will be sure to impress!

26 Kressman Crt. Whitby

◾Located On A Family Friendly Court

◾Beautiful 3 Bed, 3 Bath Home In

◾Gorgeous Renovated Kitchen

◾Hardwood Floors Throughout

◾Primary Bedroom With Walk In Closet
&Ensuite Bathroom

◾Finished Basement

◾Upgraded Throughout Including
Windows, Roof And Furnace

👉 Reach out for more info or to book a private showing.

⚖️ The Bank of Canada kept its key overnight lending rate untouched at 5%, saying it will continue to watch for signs of slowing inflation.

✨Inflation has eased further in recent months, dropping to 2.8% in February, and the BOC will watch to ensure it sticks.

⏳Economists are forecasting a 25-basis point reduction in June which would bring the policy rate down to 4.75%— the same level as it was in June 2023.

Happy Easter!🐰🐣

The Bank of Canada held its rate again on March 6th. The rate has remained unchanged since July 2023. 

The Bank says higher rates still need time to do their work after inflation was reported at 2.9% in January, still above the Bank's 2% target. 

The next rate announcement comes on April 10th

Happy family day everyone!

📣 We Have A Winner for our Family Day Giveaway!

💥Congratulations to Jayne C. who will enjoy a Cineplex Package for 4 this Family Day.

Thank you to everyone who participated. Watch for our next giveaway here!

📣 January Market Report

🌳Lower borrowing costs associated with fixed rate products brought buyers out into an early spring market. Home sales were up 37% year over year. Compared to 2023, the number of new listings in relation to sales was lower, which led to an increase in activity and multiple offers once again.

📊The average sale price of detached homes, semi-detached houses, and townhouses has increased both year over year and month over month. In December, there was a significant increase of 11% in the average sale price of semi-detached houses in the Durham Region. This indicates that first-time buyers are actively participating in the real estate market.

🔎It is expected that the Bank will reduce its policy rate, most likely in the second half of 2024. What does that mean?
- More home sales
- Limited supply for the increased demand
- More competition among buyers

Have questions❓
Contact me today! 📱📧

Happy Valentine's Day❤

If you haven't already, there's still time to enter in the Family Day Giveaway! Just send me an email👉 [email protected] before tomorrow Feb.15th for a chance to win Cineplex Odeon Tickets and snacks for 4!

Good Luck!🍀

's Day

💥Family Day Giveaway!💥

Celebrate Family Day with your loved ones with a magical night at the movies! Here is your chance to win Cineplex Odeon Tickets and Snacks for 4! 

👉Entering is easy!
📧 Send an email to [email protected] before February 15th.

Good Luck!🍀

The Bank of Canada has announced its key overnight interest rate will remain at 5%, keeping its benchmark the same for the fourth time in a row.

Today's announcement was predicted by many economists. The central bank last raised interest rates in July 2023.

Instead of looking primarily at whether the bank's policy-setting interest rate is high enough, the bank is now considering how long its "current restrictive stance" of a higher interest rate needs to be in place.

Source: cbc.ca

📣 Market Report

✨The holiday season brings a slight decrease in average sale price and transactions every year and December 2023 was no exception.

📊 Most areas saw an increase in the number of transactions when compared to 2022, especially in areas east of Oshawa. The average sale price was also up year over year in Toronto and east in Northumberland.

🔎As we look at the end of 2023, entry level housing was the star of the show. In Toronto, the average sale price of townhouses was up a whopping 32% from 2022. In Northumberland, townhouses were up 66%, and condos up 50%.

💰The Bank of Canada is set to meet on January 24th. Economists predict that 2024 will bring decreased rates and increased Real Estate sales.

Happy Orthodox Christmas to everyone celebrating today! Wishing you peace, happiness and good health.❤

Happy New Year!🥂🎉

May your year be filled with growth, endless opportunities, and unforgettable memories!❤

#2024

Wishing everyone a very Merry Christmas!🎅🌲🦌🎁

👉🏼Elevated borrowing costs took a toll on housing statistics in November. Sales were down on a year-over-year basis. New listings in the Durham Region increased 21% from last November. With more choice in the market, selling prices remained flat or somewhat down year-over-year.

🏡 Home prices have adjusted from their peak in response to higher borrowing costs which has provided some relief for buyers, from an affordability perspective.

📊The Bank of Canada announced another rate hold on December 6th and economists predict rate drops in 2024. As mortgage rates trend lower next year and the population continues to grow at a record pace, it is expected that demand will increase relative to supply.

💰The Bank of Canada decided to keep its benchmark interest rate steady at 5%. 

📊After raising its trendsetting rate 10 times since early 2022 to slow down runaway inflation, the bank has been signalling recently that it thinks it may be nearing the end of that hiking cycle. 

📉Economists who monitor the central bank think it is now done with hiking, and expectations are that the bank will begin to cut rates some time in 2024.

Source: cbc.ca

Santa's coming to town! Are you ready?🎅🎄🎁

📣 MARKET REPORT

🍁October brought more balance in the real estate market across the GTA. Sales edged lower compared to last year however selling prices remained higher than last year’s levels.

📊Record population growth and a relatively resilient GTA economy have kept the overall demand
for housing strong. Competition between buyers remained strong enough to keep the average selling price above last year’s level in October and above the cyclical lows experienced in the first quarter of this year. The average sale price of detached homes increased year over year and month over month, showing that the Durham Region remains in demand. Condos in the Durham Region were a draw for first time home buyers with the average sale price increasing a whopping 13.5% year over year and 13% from last month.

📅 The average days on market in the Durham Region is 17 days, nearly double what it was during the peak market in 2021. Homes are selling conditionally, allowing buyers time to do due diligence.

💰The Bank of Canada maintained its key interest rate in October. The next announcement from the BOC comes on December 6th.

Don't forget to move your clocks back!

💰The Bank of Canada has decided to keep its benchmark interest rate steady at 5%, the second straight time the central bank has done after 10 rate hikes since 2022.

🔎The move was widely expected by economists and investors who follow the central bank, after a slew of data points in recent months — from GDP, jobs, and inflation itself— painted a picture of an economy that was slowing down.

The Bank of Canada meets again on December 6th.

Source: cbc.ca