Condominium Market in March: More Sales and Fewer Listings

Condominium Market in March: More Sales and Fewer Listings

(April 5, 2012 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1365 property sales through the RAHB Multiple Listing Service® (MLS®) for the month of March. RAHB also reported a 6.9 per cent increase in average sale price for the month compared to March of last year. First quarter sales of all property types were 2.4 per cent higher than the first quarter of 2011 and average sale price was 7.1 per cent higher than the same period last year. The end-of-period listing inventory was 14.5 per cent lower than last year. First quarter residential sales were 2.9 per cent higher than 2011. Seasonally adjusted* sales of residential properties were 2.5 per cent higher than the same month last year, with the average sale price increasing 8 per cent for the month. Seasonally adjusted numbers of new listings, however, were 8.7 per cent lower than the same month last year. Click here for the full media release including the charts for Seasonally Adjusted Residential Only, All property types, Residential only-Actual, Freehold only-Actual, Condominium only-Actual and Commercial - Actual. Click here for the Residential Real Estate Market Activity chart for the City of Hamilton. Click here for the Residential Real Estate Market Activity chart for Burlington. source; REALTORS® Association of Hamilton-Burlington

Average Sale Price Continues to Rise

Average Sale Price Continues to Rise

(March 6, 2012 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1126 property sales through the RAHB Multiple Listing Service® (MLS®) for the month of February, a 4.9 per cent increase in sales over the same month last year. RAHB also reported a 9.2 per cent increase in average sale price and an 8.3 per cent increase in the number of new listings in the month of February this year compared to February of last year. Seasonally adjusted* sales of all property types were virtually the same as February 2011, with the average sale price increasing 7.9 per cent for the month. Seasonally adjusted numbers of new listings, however, were 14.5 per cent lower from the same month last year. “The residential market is performing well, and the average sale price continues to increase,” said RAHB President Cameron Nolan. “Both actual average sale price and seasonally adjusted average sale price show a steady climb over last year.” Residential freehold properties showed a 9.7 per cent increase in actual sales, with a 7.6 per cent increase in average sale price over last year. The condominium market was the only category which saw a drop in actual sales for the month of February when compared to last year. The average days on market for condominium units also decreased from February of last year. courtesy of; REALTORS® Association of Hamilton-Burlington

5 Bedrooms, 3 Baths, 2283 SPRINGFIELD CT MISSISSAUGA ON

2 Storey 5 Bedroom home located at the end of the court in desirable Erin Mills. Features include updated 4 piece ensuite (2012) and Main Bath (2011), main floor family room with wood fireplace, Updated eatin kitchen with refaced kitchen doors, new counter top, backsplash , sink and laminate flooring (2011). Refinished hardwood floors in living room, dining room, 5 bedrooms and hardwood staircase (2012),C/Air (2007), Shingled roof (2011),freshly painted and more. 

2012 a good year to buy a home

2012 a good year to buy a home

February Are you thinking about buying a home in the Greater Hamilton, Burlington or outlying areas? 2012 should be a good year for making a purchase as large as a house. How do we know? Economists tell us that low interest rates, relatively low unemployment, good employment prospects and business growth are good signs for the housing market, and they are all present for our local market. The Hamilton-Burlington real estate market will see modest growth supported by the expectation of continued good economic conditions. First and foremost, interest rates are low. They are expected to remain low for this year and perhaps into the early part of next year. With five-year fixed mortgage rates available at under five per cent and six-month to four-year rates ranging well below that, the time seems right to be taking advantage of those low rates to buy a home. Unemployment figures for the Hamilton and Burlington areas show our rate is about one per cent lower than the national average and compare even better to the Ontario average. Our unemployment rate is down half-a-percentage point from last year. We have seen new employers bringing successful and active business to this area recently and we are seeing local jobs maintained as well. Employment stability will increase consumer confidence in our local economy and more confidence in the housing market. Our area is the only area in Southern Ontario expected to show economic growth through 2012. In their Housing Outlook Conference in November of last year, the Canada Mortgage and Housing Corporation (CMHC) cited strong jobs growth in our area as one of the reasons we could expect to see growth. The Hamilton area also scored well with the Real Estate Investment Network (REIN), which named Hamilton as the best place in Ontario and the third best in Canada in which to invest in real estate. By taking into account population growth, major employers, infrastructure and pending major transportation improvements, the REIN found Hamilton to be a good bet. And it is not just our economy that makes 2012 a good time to purchase a home in our area. First time buyers taking advantage of low interest rates will find additional incentives to purchase a home through the land transfer tax rebate for first time buyers and the Home Buyer’s Plan, which allows first-time buyers to withdraw up to $25,000 from their RRSPs to buy or build a home. Affordability is always an issue, and in the Greater Hamilton, Burlington and outlying areas, we have a wide range of prices, properties and options for home buyers. The average house price in our market area at the end of 2011 was $313,430 – that is just the average. There are homes available for under $100,000 in Hamilton and $1 million homes as well. We have mansions to cottages, historic neighbourhoods to brand new subdivisions, acreages to leaseholds. There really is something for everyone in our area. Our area provides the stability home buyers should be looking for when they are purchasing a home, and a wide range of housing options and opportunities. This could very well be the right year to buy a home in this area. Cameron Nolan President, 2012 source; REALTORS® Association of Hamilton-Burlington

2012 a good year to buy a home

2012 a good year to buy a home

February Are you thinking about buying a home in the Greater Hamilton, Burlington or outlying areas? 2012 should be a good year for making a purchase as large as a house. How do we know? Economists tell us that low interest rates, relatively low unemployment, good employment prospects and business growth are good signs for the housing market, and they are all present for our local market. The Hamilton-Burlington real estate market will see modest growth supported by the expectation of continued good economic conditions. First and foremost, interest rates are low. They are expected to remain low for this year and perhaps into the early part of next year. With five-year fixed mortgage rates available at under five per cent and six-month to four-year rates ranging well below that, the time seems right to be taking advantage of those low rates to buy a home. Unemployment figures for the Hamilton and Burlington areas show our rate is about one per cent lower than the national average and compare even better to the Ontario average. Our unemployment rate is down half-a-percentage point from last year. We have seen new employers bringing successful and active business to this area recently and we are seeing local jobs maintained as well. Employment stability will increase consumer confidence in our local economy and more confidence in the housing market. Our area is the only area in Southern Ontario expected to show economic growth through 2012. In their Housing Outlook Conference in November of last year, the Canada Mortgage and Housing Corporation (CMHC) cited strong jobs growth in our area as one of the reasons we could expect to see growth. The Hamilton area also scored well with the Real Estate Investment Network (REIN), which named Hamilton as the best place in Ontario and the third best in Canada in which to invest in real estate. By taking into account population growth, major employers, infrastructure and pending major transportation improvements, the REIN found Hamilton to be a good bet. And it is not just our economy that makes 2012 a good time to purchase a home in our area. First time buyers taking advantage of low interest rates will find additional incentives to purchase a home through the land transfer tax rebate for first time buyers and the Home Buyer’s Plan, which allows first-time buyers to withdraw up to $25,000 from their RRSPs to buy or build a home. Affordability is always an issue, and in the Greater Hamilton, Burlington and outlying areas, we have a wide range of prices, properties and options for home buyers. The average house price in our market area at the end of 2011 was $313,430 – that is just the average. There are homes available for under $100,000 in Hamilton and $1 million homes as well. We have mansions to cottages, historic neighbourhoods to brand new subdivisions, acreages to leaseholds. There really is something for everyone in our area. Our area provides the stability home buyers should be looking for when they are purchasing a home, and a wide range of housing options and opportunities. This could very well be the right year to buy a home in this area. Cameron Nolan President, 2012 source; REALTORS® Association of Hamilton-Burlington

1486 Centre Road, Carlisle, Ontario

2 BEDROOM, 1 STOREY HOME WITH LARGE CORNER LOT (66' X 175'). DRIVEWAY RUNS AROUND HOME FOR PLENTY OF PARKING. WALK TO RECREATION CENTRE AND PARK. FIVE MINUTE WALK TO MOST CONVENIENCES NEARBY.

#307 - 80 King William Street, Hamilton, Ontario

FILM WORKS LOFT. DOWNTOWN LIVING IN THIS 940 SQ.FT. UNIT WITH HIGH CEILINGS. FEATURES INCLUDE CERAMIC AND LAMINATE FLOORING. SEPARATE DINETTE AREA, 1.5 BATHROOMS, INSUITE LAUNDRY, STACKABLE WASHER & DRYER, STAINLESS STEEL FRIDGE, STOVE, DISHWASHER, MICROWAVE. STEPS TO GO TRAIN STATION, FARMERS MARKET, RESTAURANTS, SHOPPING, PUBLIC TRANSIT