Welcome to our Blog!

🌞 June–July 2025 – Come Home To Love Real Estate Update – Durham Region, Ontario

Spring has been busy in Durham and now summer is bringing a sustained, balanced market with lots of movement. Here’s what’s driving trends and where you can find the best opportunities:

Interest Rates: Still in Buyer-Friendly Territory

The Bank of Canada kept the overnight rate at 2.75% as of early June—down from 5% last year—with five-year fixed mortgages around 3.79% and variable rates near 3.99%. 

• Variable-rate borrowers may benefit further if more cuts come.

• Fixed-rate holders now enjoy peace of mind with stable payments.

Now’s a great time to talk strategy with your mortgage advisor—everyone’s financial journey is different, and clarity is key.

Market Activity: A Balanced, Active Market

• Average sale price (June): ~$943,700

• Sales vs. list price: Homes are selling at 99.8% of list price with quick turnovers (~21 days on market)

• Comparisons: That’s ~4% up from last month and only ~1.4% down year-over-year—signaling a strong, competitive spring footing.

• Inventory: Sitting at around 4.9 months, buyers have more choices than we’ve seen in years

Hot & Cooler Spots – Who’s Moving and Leasing

🔥 Hot Spots:

• Clarington and Pickering: strong buyer activity and leasing demand, especially with proximity to new developments and transit.

• Ajax & Whitby: bright interest from renters and homeowners (families, commuters).

❄️ Cooler Spots:

• Oshawa: still opportunities! More space and slightly lower prices = good buyer value.

• Scugog: larger lots are taking longer—great for negotiation if you're patient.

Rental Market: Solid Demand Across the Region

Renters are active everywhere, especially in Ajax, Oshawa, and Pickering. Townhomes and renovated basement units are particularly popular—a great time for owners to explore leasing options.

Final Thoughts from Come Home To Love

Summer is the season of opportunity—and Come Home To Love is here to support you, whether you're ready to buy, rent, lease, or just gather insights. We’re passionate about helping you find what feels like home.

Wishing you a joyful June & July filled with sunshine and exciting moves! ☀️🏡