Durham Region Association of REALTORS reported an increase of 15% in residential transactions in November 2016 over November 2015. The demand for homes in Durham Region continues to be strong and is anticipated to continue in 2017. Since the supply is still a lot lower then the demand the average price increase is expected to keep soaring up. The Average selling price increased over last year by 26% bringing it to a whopping $574,694.00.
With the high demand for homes in Durham Region, prices are rapidly increasing. This brings a huge opportunity for home owners to cash in on their investments and strengthen their financial future. This also strengthens the economy and brings on growth and prosperity in the region.