CHRIS McAuley- Coldwell Banker2M Realty

June Real Estate newsletter is online and ready!

Topics discussed this month include, but not limited to:
-mortgage payments support
-leveraging home equity
-Canada Day celebrations

Head to my website, and select "Newsletter" or copy and past this:
http://chrismcauley.ca/Agents/custom1.cfm

NEW PRICE ALERT!!

Please Welcome To Market This Grand WATERFRONT Property, In A Sought After Mature Neighborhood-View Of The Entire Lake From Your Panoramic Open Concept Living Area, W/Fireplace. *Some Of These Picture Have Been Virtually Staged But Give You A Fine Taste Of Potential Available-50 Min Driving From Toronto, 10 Min To Port Perry, Year Round Access Paved Rd, 0.74 Acre Of Land- Great 2 Bedroom Extra Kitchen In Basement, For In-Law Suite Or Much More-Enjoy The Warmth Of Sunsets All Year Round.

Swimming Pool, Hot Tub, Huge Water Front Back Yard, Large Double Garage-Fridge, Stove, B/I Dishwasher, Washer, Dryer, All ELF, Window Covering, , BSMT Fridge, Stove, Water Softener, 200 X 2 AMP Electric Panel Pool Filtration System

Hello All,

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

Another Property Just Listed!

Please Welcome To Market This Custom-Built Family Bungalow Which Boasts a Grand Lot With Plenty Of Room To Entertain & More. Minutes To Port Perry, Located In A Wonderful Area This Beautiful Clean Cultured Home Has Many Features Including An Oversized Eat-In Kitchen With Custom Granite Counters & Stainless-Steel Appliances. Enjoy An Oasis Of a Backyard With Professionally Landscaped Stonework, Inground Salt Water Pool Plus Wood Fired Sauna & Hot Tub. This Home is Also Wheelchair Accessible, Fully Finished Sizeable Basement That Also Features Flagstone Finishing's, Large Bathroom Plus Walkout To Separate Enclose Patio. We Are A Turn Key Property Ready For You.

Extras: Oversized double car garage. Metal clad 30 X 24 Portable. 50 Year Warranty Steel Roof Massive Back Yard So Much Potential To Add Workshops etc...

MLS

ANOTHER PROPERTY SOLD!

Congrats on my Buyers & Sellers It was a pleasure working with you all!

May's Real Estate newsletter is online and ready!

Topics discussed this month include, but not limited to:

-Capital Gains Explained
-First Time Home Buyer Help
-Longer Amortization Periods

Head to my website, and select "Newsletter" or copy and past this:

http://chrismcauley.ca/Agents/custom1.cfm

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.

Another Property Just Listed!

Please Welcome To Market This Entry Level Income Property On Quiet Street Walking Distance To All Amenities & Port Perry Downtown Waterfront. This Home Needs Some TLC Finishing But Has Tons Of Potential When Finished. W/O From Dining Room To Quiet Mature Backyard With Mature Trees Providing Privacy. Separate Entrance From Yard & Double Garage To Lower Level. Gas Stove In Rec Room. Solar Lighting. This Home Would Be Great Starter Home For The Handyman Looking To Finish And/ Or First Time Buyers That Will Have Extra Income From Current Tenants

Extras: Contact Agent Directly On Current Income And Tenants Willing To Stay

Re-listed!

Price Change Alert!

This Cozy Bungalow With Water Access, Located In A Quiet Neighborhood Yet Family Friendly & Ready For A Contractor Or Handyman. House Does Need TLC... But This Is Entry Level, Priced To Sell With Tons Of Plus Side Once Modernized,
Recent New Homes And Renovations In The Area Make This Home Appealing For The 1st Time Buyers Ready To Renovate To Their Desire. Plenty Of Backyard Space To Build a Detached Garage or Workshop & Property Has 2nd Driveway & Mature Trees Surrounding The Decent Size Corner Lot.
Located In View Lake With Golfing, Walking Trails & Plenty Of Outdoor Enthusiast Activities Available. This Home Also Has a Sizeable Basement With Extra Bathroom & Bedroom For In-Law Suit Potential.
Located On The Kawartha Lakes Side & Close To Janetville Many Needed Amenities Right Around The Corner For You.

Price Change Alert!

Same Gorgeous Waterfront Property All NEW Price!

This Grand WATERFRONT Property, In A Sought After Mature Neighborhood-View Of The Entire Lake From Your Panoramic Open Concept Living Area, W/Fireplace. *Some Of These Picture Have Been Virtually Staged But Give You A Fine Taste Of Potential Available-50 Min Driving From Toronto, 10 Min To Port Perry, Year Round Access Paved Rd, 0.74 Acre Of Land- Great 2 Bedroom Extra Kitchen In Basement, For In-Law Suite Or Much More-Enjoy The Warmth Of Sunsets All Year Round.

⚖️ 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.

Hello All,

April's newsletter hot off the press!
Please enjoy a great, informative read.

http://chrismcauley.ca/Agents/custom1.cfm

Hello All;

Here is the latest market reports

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 neighborhoods.

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

Lets talk real estate today
contact me directly.

Please Welcome To Market This Grand WATERFRONT Property, In A Sought After Mature Neighborhood-View Of The Entire Lake From Your Panoramic Open Concept Living Area, W/Fireplace. *Some Of These Picture Have Been Virtually Staged But Give You A Fine Taste Of Potential Available-50 Min Driving From Toronto, 10 Min To Port Perry, Year Round Access Paved Rd, 0.74 Acre Of Land- Great 2 Bedroom Extra Kitchen In Basement, For In-Law Suite Or Much More-Enjoy The Warmth Of Sunsets All Year Round.

Moving Day!
Excitement for my new Buyers, have a great day today, in your first home.

Back-to-Back days for with Another Property Purchased!

Congrats to my Buyers, together on finding this truly hidden gem for your lifestyle!

Another Property Sold!

Hello All;

With many moving parts in real estate these days, buying selling, investing etc...one of the key items is always property taxes.
Please click on the link below to my website, and check out this months newsletter for some vital information that may be of support.

http://chrismcauley.ca/

Happy to help, here to talk... contact me directly for more.

Contact me today...
Let's talk real estate!

Another Property Just Listed!

Please Welcome To Market This Cozy Bungalow With Water Access, Located In A Quiet Neighborhood Yet Family Friendly & Ready For A Contractor Or Handyman. House Does Need TLC... But This Is Entry Level, Priced To Sell With Tons Of Plus Side Once Modernized,

Recent New Homes And Renovations In The Area Make This Home Appealing For The 1st Time Buyers Ready To Renovate To Their Desire. Plenty Of Backyard Space To Build a Detached Garage or Workshop & Property Has 2nd Driveway & Mature Trees Surrounding The Decent Size Corner Lot.

Located In View Lake With Golfing, Walking Trails & Plenty Of Outdoor Enthusiast Activities Available. This Home Also Has a Sizeable Basement With Extra Bathroom & Bedroom For In-Law Suit Potential.

Located On The Kawartha Lakes Side & Close To Janetville Many Needed Amenities Right Around The Corner For You.







As Always The Professional Team Coldwell Banker 2M Realty Brokerage Is Ready To Support!

Another property purchased!

Congratulations to my first time home buyers on this purchase. It was a pleasure working with you both, looking forward to moving day excitement!

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!

Have a great night Jayne!

Chris M

Hello All;

POSITIVE news for an early Spring!

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

Contact me today directly should you be interested in buying, selling, refinancing...ALL of your Real Estate needs.

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

Hello All;

A nice gift from the Bank of Canada today as they hold the key interest rate.

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

Please welcome to market this property to lease available Dec15th. In the quiet are of View Lake, Janetville. This newly renovated home from top to bottom is ready for you. Water Access, Golf course through the backyard, great size lot 80x206 with brand new 12x24 workshop.
From open concept living area to 3 bed/2 bath & cozy rec room, all freshly finished. Cathedral ceilings all new windows, doors, electrical plumbing etc...this entire home has been renovated.
Brand new roof, siding, all HVAC brand new as well!

Contact me directly for details if interested [email protected]

ANOTHER WATERFRONT PROPERTY LISTED!

Please Welcome To Market This Large WATERFRONT Property! In A Sought A Sought After Mature Neighborhood-View Of The Entire Lake From Your Panoramic Open Concept Living Area, W/Fireplace. Some Of These Picture Have Been Virtually Staged But Give You A Fine Taste Of Potential Available-50 Min Driving From Toronto, 10 Min To Port Perry, Year Round Access Paved Rd, 0.74 Acre Of Land- Great 2 Bedroom Extra Kitchen In Basement, For In-Law Suite Or Much More-Enjoy The Warmth Of Sunsets All Year Round.

Swimming Pool, Hot Tub, Huge Water Front Back Yard, Large Double Garage-Fridge, Stove, B/I Dishwasher, Washer, Dryer, All ELF, Window Covering, , BSMT Fridge, Stove, Water Softener, 200 X 2 AMP Electric Panel Pool Filtration System






Thank you to the TEAM Coldwell Banker 2M Realty Brokerage for all the support!