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Outlook for 2012 Housing Market Very Positive |
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Durham Region, February 6, 2012 – The 2012 re-sale housing market in Durham Region is off to a promising start with 582 resale homes changing hands in January compared to 517 in December.
The number of active listings fell 12% to 1,415 available re-sale homes in January in contrast to 1,592 in December. The Months of Inventory indicator (MOI) is currently at 2.5 in Durham Region which means that it would take 2.5 months to sell every home that is currently listed for sale (assuming no additional homes were listed). “This is a new indicator that we are tracking to watch for trends in 2012 and is calculated by taking the average number of listings over the past 12 months divided by the average number of sales over the same period. An increase in the MOI would indicate a trend towards a buyers market while a decrease would indicate a trend towards a sellers market,” explained Christine Marquis, President of the Durham Region Association of REALTORS®. Market conditions in Whitby and Ajax are especially active with a Months of Inventory Indicator of less than two.
The average selling price of a re-sale home in the Region was $318,668 for the month of January, an increase of 2% from December.
“Consumer confidence continues to be high and low borrowing rates continue to make homes in the Durham Region affordable. As long as our economy remains on its path to recovery, the outlook for the 2012 housing market is very positive,” expressed President Marquis.
A strong economy depends on preserving the investment people have made in their homes by protecting the ability to freely own, use, buy and sell real property. Durham REALTORS® are committed to protecting their clients’ investments because it contributes to the quality of life in Durham Region.
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Seaton plan draws fire from Pickering residents |
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PICKERING -- Traffic issues in rural hamlets and the loss of valuable farmland in Pickering dominated discussion surrounding a proposal for Seaton's employment lands.
Plans for the lands were presented as part of a zoning amendment application during a public information meeting on Jan. 9 in Pickering council chambers. The proposal covered only a small portion of the future Seaton community, detailing plans for 61.6 hectares of developable land for "prestige employment" uses, including office and retail, and another 14.6 hectares for "prestige employment node uses," including non-office and retail. The lands surround Hwy. 407 on the north and south between Sidelines 26 and 22, and plans include areas for natural heritage buffer zones.View the plans here.
Read More Here
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Statement from Minister Kathleen Wynne on Growth and Economic Development in Pickering |
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Minister of Municipal Affairs and Housing Kathleen Wynne issued the following statement regarding land use planning in the part of Pickering known as Seaton.
"I am issuing a notice of proposed amendments to the Central Pickering Development Plan (CPDP). This provincial plan envisions a sustainable urban community in Seaton, integrated with a thriving agricultural community in the Duffins Rouge Agricultural Preserve and an extensive Natural Heritage System.
The goals of the plan include the provision of a range of housing types and densities and high-quality employment opportunities in Seaton, as well as a viable and permanent natural eco-system, including farm land and green spaces. The plan is part of the government's overall strategy to promote sustainable development in the 905 region.
This action supports the Growth Plan for the Greater Golden Horseshoe, which is benefiting Ontarians through the creation of jobs, better services, environmental sustainability, and healthier communities. We want Durham Region to reap these benefits with the development of Seaton.
The proposed amendments to the Central Pickering Development Plan are intended to bring predictability to the land use planning of the area. There will be a consultation on the proposals, and I am looking forward to receiving the views of all interested parties.
Also today, I have declared a provincial interest in the matters currently before the Ontario Municipal Board regarding Seaton. I believe there are matters of provincial interest under the Planning Act that are, or likely to be, adversely affected." |
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Durham residents name new DRT rapid transit service |
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Residents in Durham region were given the opportunity recently to name the new DRT bus rapid transit service and officials have decided on the DRT “pulse” rapid transit. Communications co-coordinator Susan Dickinson says the service will be running along highway-2 and fare prices will stay the same as regular DRT buses. The service will start in 2013.
http://www.durhamradionews.com/archives/39718 |
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Student applications soar at UOIT |
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UOIT is the top choice university for more students this year than ever before. More than 7,700 high school students applied to UOIT for the fall semester, and the number of people to list the university as their first choice jumped 8.8 per cent. Registrar Victoria Choy says their growing profile is a major reason why more applications are coming in. The number of students applying for university in Ontario this year is up more than 2 per cent, with more than 90,000 high school students submitting
http://www.durhamradionews.com/archives/39732 |
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