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DRAR in co-operation with the Canadian Real Estate Association (CREA) launch Fall Advertising radio commercials. Durham REALTORS®, We Work Where You Live . To contact a local Durham REALTOR® or find an Open House in the Durham Region and surrounding area visit: http://www.DurhamRealEstate.org .

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Contact a Durham REALTOR® or Search Open Houses at www.DurhamRealEstate.org

The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on September 10th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent. The Bank said that, in line with its expectations, aggressive policy stimulus and the stabilization of global financial markets are supporting the beginnings of a recovery in Canada and elsewhere

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Bank of Canada keeps interest rates on hold

DURHAM REGION AUGUST 20, 2009 – The Durham Region Association of REALTORS® (DRAR) reported 417 sales in the first half of August ‘09, an increase of 19% from the 349 sales reported mid-month in August ‘08. “The average selling price climbed 3% ($281,223) from the $272,788 recorded at the same time last year,” said Debbie Dawson, 2009 DRAR President. “As we start the third-quarter Durham Region’s housing market is booming

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SALES UP 19% IN THE DURHAM REGION

 AUGUST 7, 2009 – Sales of single family homes in the Durham Region are down 7% (1033) in July ‘09’ from the recorded 1115 in June ‘09’, but up 16% from the 891 sales reported in July ‘08’. Average selling prices are up 1.2% ($285,247) in July, from June’s $281,765, and up 3.7% from the reported $275,139, in July ‘08’. “First-time buyers and the Bank of Canada rate cuts have helped restore stability to a market that slumped from late 2008 to early this year,” commented Debbie Dawson 2009 President of the Durham Region Association of REALTORS® (DRAR).

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BUYERS MARKET NO MORE IN THE DURHAM REGION

DURHAM REGION JUNE 3, 2009 - “The resale housing market in the Durham Region has remained remarkably steady throughout 2009’s unanticipated busy market,” commented Debbie Dawson, 2009 President of the Durham Region Association of REALTORS® (DRAR).  Although May’s 1026 sales are down 2.3% from the reported 1051 sales in May ’08, they are up a considerable 21.7% from the 843 sales reported in April ’09. “Usually we see these types of numbers early in the spring market but this year it seems buyers took more time with their house search, utilizing home purchasing incentives and current economic factors to their advantage,” said Dawson.   “The average selling price of a home is also up 3.3% ($278,592) from April’s reported $269,596, this is only a 1.5% drop from May ‘08’s reported $282,717,” said Dawson.

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SALES IN THE REGION UP 21.7%