Real Estate News

Strong outlook for Durham housing market


By Dave Flaherty/The Oshawa Express

Over the past year, the real estate market has seen sales numbers and average selling prices drop considerably from record levels over the previous few years.

However, some analysts say the situation is not as dismal in Durham Region as some of its larger GTA counterparts.

Dana Senagama, principal market analyst (GTA) for the Canadian Mortgage and Housing Corporation, says Durham “tends to buck the trend.”

“The biggest decline has occurred in the most expensive markets such as York Region and the City of Toronto,” Senagama says. “There is still continued growth in Durham Region as it has lower prices and the demand is much stronger.”

Continue to read on: Oshawa Express

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