The volume of Durham Region real estate sales will experience tremendous growth in 2008. There are several factors that support this claim.
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The average price of a home in Durham Region, as of this post, is almost half of one in downtown Toronto. Buyers are becoming more conscientious of affordability.
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Beginning in January 2008, buyers will pay the new land transfer tax for all homes purchased in Toronto. This will increase the closing costs by thousands of dollars.
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Toronto is on track for a record year for crime and murders. Home buyers will look for safer areas like Durham Region to raise their children.
If you consider the cost of a home, the new land transfer tax and a proposed 10 - 12% increase in property taxes, Durham Region appears to be a great alternative to living in Toronto.
How does this affect you? If you are putting any real estate in Durham Region up for sale, list it on the oldest and largest For Sale By Owner website. If you sell privately, you will save thousands of dollars in real estate fees. Realtors in Durham Region charge 5 - 7% commision to sell a home. What would you do with the money you save?
List your real estate on the Durham Region Homes By Owner Website.
