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🌞🍂August, September 2025– Come Home To Love Real Estate Update – Durham Region, Ontario

 

Summer is easing into fall in Durham—and the market still feels lively, balanced, and full of opportunity. Buyers have more choice than we’ve seen in years, while sellers in the right price range are still finding success. Here’s what’s driving the trends and where the opportunities are:

Interest Rates: Steady & Supportive

The Bank of Canada held the overnight rate at 2.75% in August—down from 5% last year—with five-year fixed mortgages averaging around 3.69% and variable rates near 3.89%.

• Variable-rate borrowers: Could benefit further if more cuts come this fall.

• Fixed-rate holders: Enjoying stability and predictable payments.

• The current mix is giving both first-time buyers and move-up buyers the confidence to make a move before fall competition picks up

Market Activity: Balanced with Buyer-Friendly Pockets

• Average sale price (August): ~$874,000

• Sales vs. list price: Homes are selling for about 97.7% of asking.

• Days on market: Roughly 23 days—showing healthy but not frenzied demand.

• Inventory: Sitting at around 5.9 months, the highest in over a decade, offering buyers more selection than we’ve seen in years.

Hot & Cooler Spots – Local Town Insights

Oshawa

Average price around $736,000, with detached homes closer to $807,000 and condos averaging $357,000. More listings mean more negotiating room, especially for first-time buyers looking for value.

Whitby

Average price near $961,000 with strong family and commuter demand. Inventory is tighter here, so well-priced homes can still attract quick offers.

Ajax

Average price around $945,000. Price growth is steady, and inventory is lower—making it competitive in popular neighbourhoods.

Pickering

Average price just over $1 million. Strong demand for homes close to transit and waterfront areas keeps this market moving.

Clarington

Average price around $808,000. Offers great value for larger homes and newer builds, making it appealing for buyers seeking more space.

Hot Spots

🔥 Pickering & Clarington – Strong activity, especially near transit and in new developments.
🔥 Whitby – Family appeal and commuter-friendly location keep demand steady.

Cooler Spots

❄️ Oshawa – Larger selection at more affordable prices = solid opportunities for buyers.
❄️ Scugog – Larger lots taking longer to sell, great for patient negotiators.

Rental Market: Still Solid

Rental demand is high across the region—particularly in Ajax, Oshawa, and Pickering. Townhomes, condos, and updated basement apartments remain in demand, making this a great time for investors or homeowners to explore leasing options.

Final Thoughts from Come Home To Love

As we step into the fresh energy of fall, Durham’s market continues to offer a balance of opportunity for both buyers and sellers. Whether you’re upgrading, downsizing, renting, or just exploring your options, this season is full of potential—and we’re here to guide you every step of the way.

Here’s to a vibrant August & September filled with new beginnings and happy moves! 🍂🏡