Big banks, in general, have some influence on real estate prices, but their control is limited and indirect. Here are a few ways banks can impact the real estate market in regions like Whitby and Oshawa, Ontario: Mortgage lending practices: Banks play a significant role in mortgage lending, providing loans to individuals and businesses for purchasing properties. By adjusting their lending criteria, interest rates, or down payment requirements, banks can affect the demand for real... [read more]

Nestled on the northern shore of Lake Ontario, Whitby, Ontario, is a picturesque town that combines small-town charm with urban amenities. With its rich history, natural beauty, and vibrant community, Whitby offers a unique experience for residents and visitors alike. In this blog post, we will delve into what makes Whitby a hidden gem and why it's worth a visit. Rich History: Whitby boasts a fascinating history that can be traced back to its founding in 1800. The town's... [read more]

Relocating to a new place is an adventure filled with excitement, possibilities, and a chance to start afresh. If you're considering a move to Ontario, Canada, Whitby should be at the top of your list. Nestled along the picturesque shores of Lake Ontario, Whitby seamlessly combines natural beauty, rich history, and modern amenities. This blog post will delve into the reasons why moving to Whitby is an exceptional choice for those seeking a harmonious blend of tranquility, heritage, and... [read more]

Moving to a new city can be an exciting adventure, offering new opportunities, experiences, and a fresh start. If you're considering a move to Ontario, Canada, Oshawa deserves a special place on your list. This hidden gem, nestled on the shores of Lake Ontario, is a city that combines small-town charm with urban amenities. In this blog post, we will delve into the reasons why Oshawa is an excellent place to call home. Rich History: Oshawa boasts a rich and vibrant history, deeply... [read more]

In 2011, My wife Jessica (girlfriend at the time) and I were living in my parents basement in Brampton Ontario.    She was a full time student at Ontario Tech University (UOIT at the time) and I was working in the security industry making $35,000 per year.  Jessica was commuting from Brampton to Oshawa 5 days per week, sometimes more especially during exams.  She was becoming exhausted of the commute and decided she couldn't do it anymore.  She wanted to move... [read more]

By Dave Flaherty/The Oshawa Express Durham Region Association of Realtors (DRAR) has reported there were 956 residential transactions last month, a jump of 24 per cent from the same time in 2018.There was a slight increase in the number of new listings compared to last year, with 1,842 houses coming onto the market in September. This also represented an increase of about 300 listings in August. “Durham Region reported favourable activity during the summer market. It is positive news... [read more]

BECAUSE YOU ASKED: When will the construction at the Oshawa Centre be finished? A $230-million expansion and renovation project is currently underway to revamp the Oshawa Centre. The first phase began in spring 2013 and major construction kicked off the following year. It includes 260,000 square feet of new retail space, up to 60 new stores, two full-service restaurants, an expanded 1,000-seat food court, and esthetic upgrades to the existing centre’s common area, washrooms and... [read more]

General Motors of Canada Ltd. is expected to announce 1,000 new jobs at its engineering centre in Oshawa on Friday, sources said Tuesday. Details remain sketchy. The company would say only that it will be making an important announcement at the engineering centre, which has received a mandate to help develop technology related to driverless and connected cars. A little more than a year ago, GM said it was adding 100 more engineers at the facility. The announcement is unrelated to the... [read more]

The first section of the new Hwy. 407 in Durham will open next week and drivers can travel on it for free until the end of the year, the Province has announced. “I am absolutely thrilled to announce that the first phase of Hwy. 407 is now complete and will open officially to traffic on Monday morning,” said Ontario Minister of Transportation Steven Del Duca in Whitby on Friday, June 17.   “Commuters will be able to drive along Hwy. 407 from Brock Road in Pickering... [read more]

EXTENSION FROM OSHAWA TO BOWMANVILLE WILL CREATE JOBS AND DRIVE ECONOMIC GROWTH Ontario is extending GO Transit's Lakeshore East rail corridor to offer new GO train service from Oshawa to Bowmanville. Extending the GO train network by nearly 20 kilometres and building four new stations will give people in Durham more transit options and help drive economic growth and job creation. Premier Kathleen Wynne was in Bowmanville today to make the announcement. Through Metrolinx, the... [read more]

Boaters rejoice, a pair of marine operators have responded to the city and are interested in making a marina at the Oshawa Harbour a reality. In response to a request for expressions of interest (RFEOI) issued earlier this year, city staff received two responses from parties who would be interested in developing and operating a future marina. The plan, which includes a full-service marina and public boat launch, is part of Oshawa’s commitments to the federal government to develop... [read more]

Investors who purchased a year ago in these markets have enjoyed impressive appreciation gains. In this second part of a two-part series, we look at markets east of Saskatchewan that have offered the best bang for investors’ buck. Saskatchewan Saskatchewan has been hard-hit over the past 12 months, due, in no small part, to a struggling oil and gas industry. Overall, its market saw a 1.9% price depreciation year-over-year in April, with Thompson taking the largest hit... [read more]

You are now in the grips of looking for a new home for any number of reasons. You have been transferred, you are expecting your first child or you are blending new families together. So you will find yourself facing the eternal question of what to do first: Buy the new home, or sell the old one? This is a very tricky juggling of two mutually exclusive and independent events. It would be great if you could simultaneously buy and sell together. Sometimes this is possible, but you need to... [read more]

Who WIll be the top employers of 2016.  It will be interesting to see the changes.  Will other companies bump off some of the current top 10?   1. Ontario Power Generation 6,000 Employees      2. Durham District School Board of Education 5,874 Employees 3. The Regional Municipality of Durham 5,635 Employees 4. Lakeridge Health 4,037 Employees 5.  General Motors of Canada... [read more]

In a few short weeks, or perhaps even days, a uniquely Durham transportation corridor -- the Hwy. 407 east extension -- will be coming online. Along with the requisite cars, trucks and commercial vehicles, the new expressway will also carry the hopes of a much-needed economic boost for Durham. Phase 1 of the new Hwy. 407 east extension is set to open from Brock Road in Pickering to Harmony Road in Oshawa -- encompassing 22 kilometres of road -- as well as Hwy. 412, a 10-kilometre north-south... [read more]