Durham Region Housing Market Outperforms Most GTA Markets – RE/MAX Canada – Remax Blog

The sizzling conditions have become more pronounced during the COVID-19 public health crisis, with stellar price growth and exceptional sales activity occurring in Ajax, Oshawa, Whitby and other Durham municipalities.

According to the Durham Region Association of REALTORS® , residential property sales tumbled 33.7 per cent month-over-month in December, totalling 671 units.

Despite the tepid slowdown in December, 2021 was a record-breaking year, with home sales soaring 13.9 per cent.

Canada Mortgage and Housing Corporation reported housing starts slipped 19.11 per cent year-over-year to 182 units in November.

“We generally see a decline in transactions as we enter the winter months, especially with the holidays.

According to the 2022 RE/MAX Canadian Housing Market Outlook report, Durham Region real estate prices are projected to climb seven per cent to a jaw-dropping $978,566, while sales growth is also expected to grow seven per cent.

RE/MAX has always been an industry leader, adopting the latest technology and creating innovative marketing programs. RE/MAX was the first brand to expand its reach world-wide through a revolutionary global listing site, featuring listings from more than 80 countries, displayed in over 40 languages.

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