Durham real estate market update
Prices have soared in the past year
Why are mortgages so expensive in Canada?
Created By
Ratehub.ca
Growing families desperate for space are looking to Durham to realize their dream of owning a home, but that’s getting more challenging with each passing month. Homes in Durham have soared 39% to almost $700,000 in the first quarter versus the same period a year earlier.
Detached single family homes are the most popular, with the average property lasting just 10 days on the market. Re/Max’s 2017 Spring Market Trends Report suggests that the popularity of this region isn’t going to fade. The real estate company notes that the ongoing extension of Highway 407 in the area as well as a future GO Train station in Courtice will only make the region more accessible and continue to add fuel to this market.
More real estate market updates:
Find out where you should buy real estate in Durham here.
Explore our full Where to Buy Now real estate rankings by clicking on any of the links or images below.
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