Karen Beck Coldwell Banker Real Estate

🎉 Exciting update from the BOC today! The Bank of Canada has reduced its policy interest rate for the second consecutive time, indicating that further cuts may follow if inflation continues to decline.

📉The 25 basis points reduction lowers the overnight rate to 4.5%, a level not seen since June 2023. Last month’s cut from 5% to 4.75% was the first in over four years.

🗓 The Bank of Canada meets again on September 4th.

Your Market Update 📣

📊 June 2024 home sales in the Greater Toronto Area (GTA) were lower compared to the same month last year. Despite the Bank of Canada rate cut at the beginning of last month, many buyers kept their home purchase decisions on hold. The market remained well-supplied, resulting in a slight dip in the average selling price compared to June 2023.

👉🏻Some Interesting Facts:

While sales were down month over month, the total sales in all of 2024 are higher than the year to date at this time in 2023.

👉🏻 Sales are on trend, it is just taking a little bit long to get there.

🔎 Recent home buyers have benefitted from substantial choice and therefore negotiating power on price.

➡️Moving forward, we should see sales pick up this fall alongside lower borrowing costs. The large amount of inventory in most markets should keep a drastic rise in prices at bay for now.

📍62 Salt Dr. Ajax 🏡🦌
OPEN HOUSE 2-4 SAT JULY 13
$1,062,000 e8441394
🏡All Brick Detached
🌟Beautifully Renovated
🦌Ravine Lot
🛌3+1 Bedrooms
🚽3 Bathrooms
👨‍👩‍👧‍👦 Family Room w/ Fireplace
🚗 Garage with Door to House Leading to Finished Basement

📣Attention All Nature Lovers!!
Backing on to Carruther's Forest Conservation Land 🌳
🦌🐇🦋🪺🐦‍⬛🌿

Everything has been done here, just move-in and enjoy! ☀️

⏩ Recent Upgrades Include:
✨Gorgeous Eat-in Kitchen ('23) with Quartz Counters, Beautiful Cabinetry with Pantry, Breakfast Bar, and New Appliances✨New Spa-like Ensuite Bathroom with a Deep Soaker Tub 🛁and Spacious Walk-in Shower('23) New Shingles ('20), Most New Windows (23), New Furnace & Energy $aving Heat Pump ('24), New Luxury Vinyl Flooring on Main and Upper ('23), New Carpet On Staircase ('23) Freshly Painted ('24), Fridge, Dishwasher, Microwave, Washer & Dryer ('23), Stove ('22), Toilets ('23), New Posts and Upper Deck ('24). Central Vacuum System, Garage Door Access to the House Offering Direct Access to the Basement Staircase ✨

⏩ The Finished Basement Offers a Good Sized Rec Room 📺, 4th Bedroom 🛌Storage Room, Workshop 🔨Utility Room and a Rough-in by the Builder For an Additional Bathroom 🚽

☀️Outdoor Living is Enhanced by a Kitchen Walk-out to Deck Overlooking the Hot Tub 👙and Beautiful Perennial Gardens 🌻🌷Providing Privacy with no Neighbours Behind 🦌Watch Deer, Birds and other Spectacular Wildlife From Your Hot Tub and Deck! You Won't Believe Your Eyes 👀So Peaceful 🕊️

🚸Family Friendly Neighbourhood with a Children's Playground✴️
🚴🏻Bike and Walking Path at end of Street to Paradise Beach and Lake Ontario Waterfront Path.🚶🏻🚶🏻‍♀️

✨This Home is Spotless Clean, in Great Condition and Ready for a New Family. Everything is Beautifully Upgraded from Top to Bottom! A Must See!! ✨

☎️Call or text for further info or to book an appointment 905-391-3939

62SaltDrive.com

🏡OPEN HOUSE ✨
Saturday, June 15, 2 to 4 PM
📍62 Salt Dr. Ajax
MLS E8441394
✅All brick detached home on private ravine lot backing onto Carruther's Forest Conservation Land.
✅2209 sq ft of upgraded living space with 9' ceilings on main floor and upper level family room with fireplace.
✅New eat-in kitchen with pantry and appliances, new spa-like ensuite bathroom.
✅Recent upgrades include new shingles, furnace & heat pump, luxury vinyl flooring, fresh paint, and mostly new windows.
✅Finished basement with rec room, potential 4th bedroom, storage room, workshop, and rough-in for additional bathroom.
✅Outdoor living enhanced by deck, hot tub, and beautiful gardens with no neighbours behind.
✅Family friendly neighbourhood with playground, bike and walking path to Paradise Beach, and Lake Ontario waterfront trails.
📲Call/ text Karen for more info
905-391-3939

Congratulations to my Sellers on the sale of their property 🎉

May Market Stats are in:

☀️ 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 some 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.

✨JUST LISTED ✨ E8441394
62 Salt Drive, Ajax 🏡
$1,120,000 🔥🔥🔥

✨Beautifully Upgraded and Meticulously Maintained by Original Owners. This Home Truly Shows to Perfection ✨
✅ 3+1 Bedrooms 🛌
✅ 3 Bathrooms 🚽
✅ Renovated Family Sized Kitchen✨
✅ Renovated Primary Bathroom 🛁✨
✅ Upper Level Family Room with Cozy Fireplace 🔥
✅ 2 Walk Outs ☀️
✅ Garage Access To House 🚗
✅Deck, Hot Tub & Fully Fenced Yard with Gorgeous Perennial Gardens 🌷🌸🌳
✅Finished Basement with Rec Room, Storage Room, Workshop, Laundry, 4th Bathroom Rough-in & 4th Bedroom Space✨

✨ Immaculate, Solid Brick Detached Home Nestled on a 🌳Private Ravine Lot on Caruthers Forest in Ajax by the Lake⛵

☀️Nature Lovers Dream Offering Spectacular Views of Colourful Songbirds, Deer and other Wildlife from your Backyard Deck 🦌🐇🦃

🚴🏃🏽Walk/Bike Path at End of Salt Dr. Leading to Paradise Beach, Lakeside Park, and Miles of Waterfront Trail/Bike Path for Endless Outdoor Adventure ⛵🏃🚴🚣‍♂️👙

🎥Take a tour: 62SaltDrive.com

OPEN HOUSE SAT & SUN 2-4

Call or message Karen for more details or to book a showing 📲
905-391-3939

🙌🏼 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.

Just Listed 💥
42 First St., Scugog
$759,000 💥

Wow! 😮 Nicely finished open concept 3+1 bedroom bungalow on extra wide 85 ft lot. Huge driveway, garage and lots of storage. Complete with separate entrance to lower level suite with 2nd Kitchen. Backyard boasts huge new deck, above ground heated pool and hot tub. This one has it all! Family friendly comminity of Carsarea. Steps to public Beach and Boat launch. A relaxed, new lifestyle awaits! ⛵️

Call Karen for info or to book a showing before it's too late! This lovely home has so much to offer for the price and won't last long.

☎️905-391-3939

Take a tour: 42FirstStreet.com

📣 COMING SOON TO MLS
Gorgeous, All Brick Detached Home Nestled on Private Ravine Lot in Beautiful South Ajax 🏡

Beautifully upgraded and meticulously maintained by original owners. Enjoy watching beautiful birds, deer and other wildlife from your deck, making this location a true nature lover's paradise. Mature, family friendly neighbourhood with a children's playground and a bike/walking path to Paradise Beach at the end of the street. You don’t want to miss this one!

Stay tuned for more details or call Karen for more info
905-391-3939 ☎️

JUST RELEASED! Buyers are benefiting from more choice and home prices saw little movement. Explore TRREB’s April Market Watch Report for more insights on prices, sales, and new listings. Check it out: https://bit.ly/3JIi2mI

🔎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.

Mixed start to the spring housing market - RBC Thought Leadership March brought a mixed bag of activity to Canada’s housing market. Resales continued to linger around February levels at the national level—still softer than activity that took place pre-pandemic.

March stats are in ⬇️

🔎March brought a better-supplied market but there was enough competition between buyers for us to see an increase in the average sales price year over year. The first quarter also ended with sales up by 11.2% from 2023.

🏡Many areas east of Toronto saw higher prices and sales including Durham Region, Northumberland County, Kawartha Lakes, Peterborough and Prince Edward County.

🌳Price growth is expected to accelerate during the Spring and even more so in the second half of the year, as sellers’ market conditions will begin to emerge in many neighbourhoods.

💰Anticipated lower borrowing costs in the months ahead will help fuel increased demand for ownership housing.

➡️ If you're thinking about a move, give me a call so we can plan a strategy that works best for you ☎️ 905-391-3939

📣Just Listed 💥
MLS E8154362
215-1900 Simcoe St. N.
💥$278,800💥WOW💥

✅ Modern and Furnished Studio Condo
✅ Steps Away From Ontario Tech University & Durham College
✅ Ideal for Students, Couples, Singles and Investors
✅ Ensuite Laundry for Convenience
✅ Built-in Cabinets and Storage Throughout
✅Common Area Lounges For Residents
✅Property Management and Security on Site
✅ Hot Water Tank Owned ✅Heat and Internet Included
✅ Convenient Location Near Amenities Including Restaurants, Grocery, Coffee, Shops, Public Transit and Hwy 407 📍

🎥Take a tour:
https://tours.reidmediaagency.ca/sites/1900-simcoe-st-n-215-oshawa-on-l1g-4y3-8267511

Call to book an appointment before it's too late! 905-391-3939☎️

Karen Beck Coldwell Banker Real Estate Buying or selling a home can be a difficult task, but you can make it much easier by choosing the ri

📣Coming Soon to MLS
1900 Simcoe St N
💥$278,800💥WOW💥

✅ Modern and Furnished Studio Condo
✅ Steps Away From Ontario Tech University & Durham College
✅ Ideal for Students, Couples, Singles and Investors
✅ Ensuite Laundry
✅ Convenient Location Near Amenities Including Restaurants, Grocery, Coffee, Shops, Public Transit and Hwy 407 📍

We Hit MLS on Tuesday! Reach out to book an appointment before it's too late! 905-391-3939☎️

It’s time to spring ahead ⏰

We are always stronger together 💪
So proud to work along side this great group of outstanding women who are constantly encouraging and supporting each other. 


💰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.

Your 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

🏡 Considering a move in the next six months? Please give me a call 905-391-3939 ☎️

Early signs of a housing market upturn emerge across Canada - RBC Thought Leadership January marked the second consecutive month residential transactions increased in major markets across Canada. The uptick seen in early results...

👨‍👩‍👧‍👦 Celebrate Family Day 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! 🍀

📣January stats just released!Looks like sales are starting to pick up! Click the link below to read the full report.

OUT NOW! Buyers experienced tighter housing market conditions in January. Check out TRREB’s Market Watch report to see all the insights into what’s trending in the GTA real estate market. Get started here: https://bit.ly/3UxIeXN