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🌷May 2025 Real Estate Market Update – Durham Region, Ontario

Spring is in full bloom across Durham Region, and with it comes continued momentum in the real estate market. As families prepare for summer moves and investors seek the next opportunity, market activity remains strong. Recent interest rate adjustments and local trends are shaping how buyers and sellers approach this pivotal time of year.

Interest Rates: Stability with a Side of Strategy
The Bank of Canada’s recent rate cut continues to bolster market confidence. Variable-rate mortgage holders may benefit further if additional reductions occur in the months ahead. Meanwhile, fixed rates appear to have stabilized, offering peace of mind for those prioritizing predictable monthly payments.

With more flexibility in lending, buyers are feeling more empowered—many are opting to lock in fixed rates now before the next wave of price increases, while others are holding steady in variable positions hoping for deeper cuts. It’s a strategic time to speak with your mortgage advisor to determine the best fit for your goals.

Market Activity: A Steady Climb
The Durham market continues to reflect balance. Inventory is gradually increasing, giving buyers more choices, while prices are inching upward due to consistent demand.

While still more affordable than Toronto, average home prices in Durham are on the rise, driven by incoming buyers from across the GTA. Detached homes, especially in family-friendly neighborhoods, are seeing more action, and townhomes remain a strong entry point for first-time buyers.

Hot & Cold Spots: Where the Market is Moving

🔥 Hot Spots for Buying & Leasing:

• Pickering: High demand for both resale homes and lease opportunities, especially near transit routes and upcoming developments.

• Clarington: Gaining popularity for its suburban appeal and relative affordability, with leasing demand also on the rise.

• Brooklin (Whitby North): Increasing activity from young families and commuters due to its blend of new builds and small-town charm.

❄️ Cooler Areas:

• Scugog: Larger properties with higher price tags are staying on the market longer, creating room for negotiation.

• Oshawa (Central): A slight pause in leasing activity as renters explore newer areas with more amenities and competitive pricing

Final Thoughts from Come Home To Love

May is a beautiful month of fresh beginnings—and for many, that includes finding the perfect home. Whether you're exploring the market, considering your options, or dreaming of your next move, Come Home To Love is here to offer thoughtful insight, local updates, and heartfelt support along the way.

Wishing you a month filled with blooming possibilities and real estate success! 🌸🔑