Go to Main Content

Advertisement

By Mark Brown on April 25, 2017
Estimated reading time: 1 minute

Durham real estate market update

By Mark Brown on April 25, 2017
Estimated reading time: 1 minute

Prices have soared in the past year

Advertisement

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.

Overview

Vancouver

Victoria

Calgary

Edmonton

Winnipeg

Toronto (GTA)

Ottawa

Hamilton

Montreal

Top Cities

Related Articles

A middle-aged couple dance in their new condo

Cash Allocation

Your home sold—now what?

Your home sold—now what?

A man and woman consider paint chips in their new condo

How changes to the Home Buyers’ Plan could affect your down payment

How changes to the Home Buyers’ Plan could affect your down payment

A smiling young woman takes a selfie in her new home.

Unsure about buying a home? Why you should open an FHSA now anyway

Unsure about buying a home? Why you should open an FHSA now anyway

Canadian couple outside of home, wondering if they should transfer it to their corporation.

Is transferring your principal residence to your corporation a good idea?

Would swapping a house for cash from a corporation save on taxes? And is this tactic worth it in...

Is transferring your principal residence to your corporation a good idea?

Donald Trump is given a jacket by trader Peter Giacchi at the New York Stock Exchange,

5 things to watch in Canadian business in 2025

Here’s what to keep an eye on as we head into the new year, from the housing market and...

5 things to watch in Canadian business in 2025

A landlord meets with two potential tenants outside a condo building

Business Insurance

Insurance for landlords in Canada: Your guide to protecting rental properties

Insurance for landlords in Canada: Your guide to protecting rental properties

Photo of a holiday gift cut with scissors—symbolizing a December Bank of Canada rate cut.

Making sense of the Bank of Canada interest rate decision on December 11, 2024

Making sense of the Bank of Canada interest rate decision on December 11, 2024

A maintenance worker outside the Bank of Canada building on Wellington Street in Toronto

Bank of Canada lowers key interest rate by 0.5%

On Wednesday, the central bank announced a jumbo rate cut—its fifth cut in a row since June—and signalled a...

Bank of Canada lowers key interest rate by 0.5%

woman works on laptop December indoor scene

Year-end tax-saving tips for Canadians for 2024

Tax planning in Canada isn’t just for March and April. These smart tax moves need to be made before...

Year-end tax-saving tips for Canadians for 2024

Why Canadian consumer debt continues to grow

Consumer debt reached a record $2.5 trillion last quarter. Find out what’s driving increased debt levels among certain groups...

Why Canadian consumer debt continues to grow