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DURHAM REGION – June 4, 2010 – The Durham Region Association of REALTORS® reported 1,027 sales through the Multiple Listing Service® (MLS®) during the month of May which is at par with last year’s 1,026 sales for the same month, but reflects a decrease from the high sales totals seen in both March and April of this year. Meanwhile, active listings remain on the rise with May offering up 2,600 available resale home listings, 1% higher than May of 2009 and the highest amount seen so far this year. “We can now see the forecasted trend of increased available listings coinciding with a decrease in the substantial sales of the prior few months.

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May Sales Remain High for Durham Resale Housing Market

For the first time since 2007, the Bank of Canada raised its target for the overnight rate by one quarter of one percentage point to 0.5 per cent on June 1, 2010. The Bank rate was raised to 0.75 per cent and the deposit rate was unchanged at 0.25 per cent, thereby re-establishing the normal operating band of 50 basis points

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Bank of Canada raises interest rates: Canada becomes first country in G7 to hike

The Canadian Real Estate Association (CREA) released a new report today indicating that home prices will stabilize, and will remain stable for some time. This means that Canadian homeowners are unlikely to experience a U.S.-style decline in the value of their homes. “The relationship between average price and income has recently been cited as portending a U.S.-style correction in Canadian home prices,” said Gregory Klump, Chief Economist, CREA.

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U.S.-Style Home Price Correction Unlikely in Canada

DURHAM REGION – February 23, 2010 – Over recent years, Members of the Durham Region Association of REALTORS® have held Christmas Charity Auctions with proceeds being presented to the various Lakeridge Health facilities within Durham Region.

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REALTORS® Raise Funds for Bowmanville Hospital

DURHAM REGION ASSOCIATION OF REALTORS® 50 Richmond St. E. #14, Oshawa, Ontario L1G 7C7 For Immediate Release Contact:     Dierdre Mullen, President (905) 723-8184               Durham’s Spring Market Heating Up Early DURHAM REGION – February 4, 2010 – Sales of single family homes in Durham Region increased by 5% to 532 from 507 in December but also records a big jump from 350 in January of 2009 when sales were much lower due to the recession reported Dierdre Mullen, President of the Durham Region Association of REALTORS®.  President Mullen commented, “The average number of sales in January for the 5 years previous to 2009’s low was 530 so the January resale housing market in Durham Region is definitely healthy.” Average prices of homes inched up slightly to $289,195 from December’s $286,724 but more importantly reflects a 12% hike from $257,095 in January of last year.  “Home values increased on average 5% between 2004 and 2008 so the 12% rise shows substantial month-over-month growth in just one year” added President Mullen.

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Market Heating Up Early!

FOR IMMEDIATE RELEASE December 21, 2009   DURHAM REGION ASSOCIATION OF REALTORS® ANNOUNCE NEW PRESIDENT FOR 2010 DURHAM REGION DECEMBER 21, 2009 – The Durham Region Association of REALTORS® (DRAR) is pleased to announce that Dierdre Mullen will be the President for 2010. Dierdre, who is with Coldwell Banker RMR Real Estate in Whitby, has been an active member of DRAR since March 2004.  She is also an active volunteer with the Canadian Red Cross Disaster Management Team and was previously a Director of Administration for the Canadian Red Cross.  Dierdre was Chair of both the Office Representatives Program and the Charity Auction Task Force in 2009.  Her objective as DRAR’s President is to work on behalf of the Members by participating in planning, establishing direction, making policy decisions and other related functions of the Board of Directors.  Specifically, she is planning on continuing with Focus Groups with brokers and salespeople that were such a success in the previous year, and also hopes to start a Young Professional Group where the focus will be on mentoring new salespeople.  She also intends to continue the open door policy that 2009 DRAR President Debbie Dawson, Century 21 Infinity Realty Inc., encouraged to all Members.  “I look forward to working on [DRAR Members’] behalf over the next 12 months”. On behalf of DRAR’s Board of Directors and Members, the Association would like to congratulate Dierdre on her new position, and wish her tremendous success in the coming year.

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2010 DRAR President

DURHAM REAL ESTATE SALES STILL STRONG DURHAM REGION NOVEMBER 19, 2009 – The Durham Region Association of REALTORS® (DRAR) reported 344 sales in the first half of November ‘09, an increase of 50% from the 230 sales reported mid-month in November ‘08. “The average selling price continued to show growth with an increase of 5% ($284,085) from the $270,790 recorded at the same time last year,” said Debbie Dawson, 2009 DRAR President. With sales soaring and with active inventory down 42% (1677) from the 2884 recorded mid November ‘08; the market continues to favour the seller.” Durham Region Period Active Sales $ Volume Avg

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Strong Sales Continue for the Durham Region

  DURHAM REGION OCTOBER 20, 2009 – The Durham Region Association of REALTORS® (DRAR) reported 378 sales in the first half of October ‘09, an increase of 27% from the 298 sales reported mid-month in October ‘08.  ”The average selling price climbed 4% ($276,894) from the $265,631 recorded at the same time last year,” said Debbie Dawson, 2009 DRAR President

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SALES STILL RED HOT

The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on October 20th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent

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Bank of Canada maintains interest rates

The Durham Region Association of realtors reported 825 sales in September 2009, up 9% from the 752 recorded in September 2008. September 2009 is the best September on record.

Average selling prices in Durham Region were up 1.4% ($282,308) in September, from August’s $278,400, and up 5.5% from the $267,478 reported in September ‘08.

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BEST SELLING SEPTEMBER ON RECORD