Region continues to have a balanced housing market

Durham Region continues to lead in the Greater Toronto Area (GTA) housing market. The Durham Region Association of Realtors (DRAR) reports 930 residential transactions in April 2018, a 10 per cent increase from May 2018.

According to the Multiple listing services (MLS) Home Price Index, Durham continues to lead in the GTA with the most affordable single-family detached homes, single-family attached, townhouses and apartments.

In a report released by MoneySense, a Canadian online personal finance and lifestyle magazine, Durham Region was included on a list of Top 25 Cities Buy Real Estates In 2018. MoneySense also released a report ranking the Top 25 Neighbourhoods to Buy Real Estate In. Eleven Durham Region neighbourhoods made the list, with Bowmanville at number one.

Compared to last year, sales were down 32 per cent and the average selling price was down 12 per cent in the Durham Region. The average sales price for April was $609,813, compared to $598,412 in March.

In Oshawa, the average sales price for April was $525,806.