The real estate market in Durham Region remains strong and resilient. Average sale prices for all home categories increased in August from July. The central bank has raised the interest rate 10 times since March 2022. As a result, more affordable entry-level and investment properties showed the greatest gain. Townhouses, semis and condos increased in sale price in the Durham Region, York Region and Toronto. 

 

Sales increased in Northumberland County as buyers headed east. Listings in the town of Port Hope increased in average sale price month over month and year over year while maintaining low days on market. 

 

Record immigration levels ensure continued high demand for both ownership and rental housing in the Greater Toronto Area. The Bank of Canada decided to hold the interest rate steady at 5% on September 6th providing relief to mortgage holders and those securing pre-approvals.