Maurice and Eleanor King's blog

Lower interest rates, ample supply to prompt buyers off the sidelines

The Bank of Canada’s (BoC) decision to lower its interest rate yet again promises to spur buying and selling activity in the weeks ahead, while a new report finds the Greater Toronto Area’s (GTA) real estate market will be “well supplied.” 

The BoC announced on January 29 that it had lowered the target for the overnight lending rate by 25 basis points to three per cent – marking the sixth consecutive cut to rates since June 2024. 

STRONG START TO 2025

Already, the year is off to a strong start, according to the Central...

TIME TO PREPARE YOUR HOME FOR SALE

If you’ve been thinking about listing your home for sale this spring, you may want to take your cue from the Canadian Real Estate Association (CREA) and start preparing your house for market.

“Our forecast continues to be for a significant unleashing of demand in the spring of 2025, with the expected bottom for interest rates coinciding with sellers listing properties for sale in big numbers once the snow melts,” says CREA’s Senior Economist Shaun Cathcart.

But long gone are the days when you simply stuck a ‘For Sale’ sign on your front lawn and hoped...

MARKETING YOUR HOME FOR ALL IT’S WORTH!

Hiring an expert realtor to attract top buyers is always important but especially now, when the number of days on market has increased, leading to a rise in active listings as many prospective buyers wait for further interest rate cuts.

In June, Durham Region reported 877 sales with an average price of $956,428, closely mirroring June 2023, which had 891 sales at an average price of $996,452. Notably, active listings surged by 62 percent to 2,181 up from 1,344 in June 2023, the Central
Lakes Association of Realtors reports.

Get up to 18 per cent...

As a “robust” spring market emerges, competition is ramping up and even though that can be discouraging, rest assured you can still buy a home.

Here in Durham Region, the average home netted $943,840 and 948 houses exchanged hands in April, marking a 5.6 per cent increase in sales compared to April 2023’s 898 sales.

“We continue to observe a robust spring market with rising average prices and sales in almost all regions,” Central Lakes Association of Realtors President Vicki Sweeney notes. “This positive momentum reflects not only the resilience of our real estate industry but also...

Selling prices set to ‘accelerate’ this spring

Like many wannabe buyers, you’ve been sitting on the sidelines wondering how the spring market will unfold. The King Home Team: Royal Heritage Realty has been watching the market closely and can share recent statistics and predictions to help answer your questions and move you from the sidelines into the market. 

For starters, the average selling price in the Greater Toronto Area “edged up” in comparison to last year in the first quarter of the year and is expected to “accelerate” this spring, according to the Toronto and Region Real Estate...

Discover The King Home Team Advantage

Whether you plan to sell and/or buy this spring, The King Home Team: Royal Heritage Realty knows you have choices when selecting a realtor. It’s an important decision – your realtor will help you make one of your life's biggest financial and emotional transactions.

When choosing a real estate agent, it’s essential to find someone who’s knowledgeable about current market conditions and your preferred community but isn’t too busy to give you the time needed to find the home that's right for you. Choose someone you trust who makes you feel comfortable,...

We are thrilled to announce the release of the Brooklin Winchester Park final phase by Denoble Homes. Choose from two-story homes on 35-foot and 50-foot lots, bungalows on 40-foot lots facing the park, and bungalows and bungalofts on 50-foot lots.

We’re here to offer knowledgeable advice; contact The King Home Team: Royal Heritage Realty, and we will get you where you want to be.

INTERIOR DESIGN TRENDS YOU’LL WANT TO TRY IN 2024!

Green and natural wood grain finishes, dedicated beverage stations, rounded furniture, and textured walls are among the interior design trends you may want to incorporate into your home this year.

Let’s kick off our trend report with the heart of the home and the National Kitchen & Bath Association’s (NKBA) 2024 Kitchen Trends Report. Its survey of kitchen experts lists the following as among key trends:

Colors and materials. Green tops the list of color trends. Gold faucets trump stainless and black, with matte, brushed and...

If organizing your home was among your New Year’s resolutions, you may be reaping rewards that include being able to find things more efficiently and feeling less stressed. You may also spend less time cleaning because maintaining an organized and decluttered home is more manageable.

However, if you’re overwhelmed by the prospect of organizing your entire home and don’t know where to start, you may have put your resolution on the back burner. The King Home Team: Royal Heritage Realty understands that getting organized can seem like an uphill battle. 

We’ve seen families fall...

Market expected to return to ‘near normal’ in 2024

In what some real estate experts call ‘the great readjustment,’ the market is expected to return to ‘near normal’ this year. After years of unprecedented highs and lows, that should leave many buyers and sellers breathing a collective sigh of relief. The Bank of Canada’s (BoC) interest rate hikes caught up to homebuyers last year, tightening affordability and leaving many prospective buyers on the sidelines. Sales slowed as a result. But now that inflation is dropping, many economists predict interest rates will start to fall in...