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Unusual Hot Market for January DURHAM REGION – January 19, 2010 – Durham Region Association of REALTORS® (DRAR) reported a 66% increase in sales of 191 in the first half of the month from 115 during the same time last January.

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Hot Market for January

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

According to The Canadian Real Estate Association, sales activity reached the highest level ever for the month of October.

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October a record breaking month for MLS® resale housing market

OTTAWA – Tax policy discourages the sale of income property and impedes a chain reaction of economic stimulus and job creation – elements that could greatly contribute to a commercial real estate market recovery and community redevelopment. A new Altus Group economic study prepared for The Canadian Real Estate Association (CREA) found that income property sales generate sizeable economic activity in a number of industries, and support job creation

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New Economic Study Underscores Need to Remove Tax Barriers to Property Reinvestment

National resale housing market sales activity remained up from year-ago levels in August 2009 for the third consecutive month, posting the largest year-over-year gain in more than two years. According to statistics released by The Canadian Real Estate Association (CREA), a total of 42,483 homes traded hands via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards in August 2009

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MLS® home sales remain strong in August

OTTAWA – August 27, 2009 – MLS® home sales were much stronger than expected in the second quarter of 2009, with activity having climbed throughout the quarter and into July. The remarkable recovery of resale housing has prompted a change to the MLS® home sales forecast issued by The Canadian Real Estate Association for 2009 and 2010.

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MLS® home sales forecast revised

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

National resale housing market activity continued climbing in July 2009, with sales posting the largest year-over-year gain in two years.

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Best July on record for MLS® home sales

OTTAWA – July 14th, 2009 – National resale housing market activity bounced back strongly in the second quarter of 2009 above levels reported for the same period last year. Demand continues to rebound sharply in some of the most expensive markets in the country, skewing the national average price upward

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MLS® home sales rebound in the second quarter

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%