Market Updates

Burlington April Housing Stats Are In!

Burlington April Housing Stats Are In!

Burlington housing stats are in for April and it seems that the activity is similar to last year, but the housing prices have risen. Freehold Units in Burlington 2012 New Listings 313 Sales 240 Average Price $514,481 Days on Market 27 2013 New Listings 310 Sales 236 Average Price $558,310 Days on Market 30 All(…)

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Spring Market Holds the Real Estate Crystal Ball

Spring Market Holds the Real Estate Crystal Ball

Jim Flaherty may have just got what he wanted….to cool off the housing market. Most economists and real estate professionals believe the landing will be soft, but stats show that all of the moves made by the federal government have been successful in slowing the white hot housing market. Despite the fact home sales were(…)

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Hamilton / Burlington October Real Estate Update – By Sean Kavanagh

Hamilton / Burlington October Real Estate Update – By Sean Kavanagh

Comparing sales in the Hamilton/Burlington region from October 2011, we are once again seeing an increase in the average sale price of 11.9% compared to the same month last year. Actual residential sales were only 0.8% lower than this time last year. Condo sales were up but there was a slight decline in freehold residential(…)

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New Numbers Indicate a More Balanced Market in Burlington/Hamilton

New Numbers Indicate a More Balanced Market in Burlington/Hamilton

Comparing sales from September 2011, we are seeing a drop in the number of sales (-10.9%) but similar to last month, we are also seeing a 13.7% increase in the average sale prices. The number of new listings has remained the same compared to this month last year. The low housing inventory has created competition(…)

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Burlington/Hamilton August Real Estate Update – Average prices up, number of sales down.

Burlington/Hamilton August Real Estate Update – Average prices up, number of sales down.

Comparing sales from August 2011, we are seeing a drop in the number of sales (-13%) and number of new listings(-8.4%) , but we are also seeing a 13.3% increase in the average sale prices. The low housing inventory has created competition among buyers for properties causing higher sale prices. The low inventory has also(…)

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No more 30-year amortizations! –  Ottawa tightening mortgage rules again!

No more 30-year amortizations! – Ottawa tightening mortgage rules again!

The federal government is moving again to tighten the rules on mortgage lending in Canada amid growing concerns that the housing market is overheated and household debt levels are climbing to perilous levels, according to the Globe and Mail. As debt levels continue to reach record levels and the housing market has showed no signs(…)

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To Buy or Not To Buy…..There is NO Question!

To Buy or Not To Buy…..There is NO Question!

Buying a home today…at today’s prices, would have a home owner paying less per month than if that home owner bought a home 25 years ago…at 1987 prices! I was recently at a real estate symposium and we were discussing the affordability of homeownership in today’s market. We were talking about current purchase prices vs.(…)

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Prices High & Inventory Low: Get the most $$$ for your home right now!

Prices High & Inventory Low: Get the most $$$ for your home right now!

The Hamilton‐Burlington real estate board has just reported 819 property sales through the MLS for the month of January. This represents almost an 11 per cent increase in sales over the same month last year. They have also reported that 7.7 per cent fewer listings were taken in January 2012 compared to January of last(…)

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Housing Prices To Remain Stable Into 2012

Housing Prices To Remain Stable Into 2012

The Canadian housing market will grow at a much slower pace compared to the surge seen in the past decade. Home resales are expected to grow by 0.9 per cent this year and remain unchanged in 2012, while home prices will increase by 4.4 per cent this year and 0.4 per cent in 2012. Garth(…)

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Global Market Mayhem May Keep Interest Rates Low.

Global Market Mayhem May Keep Interest Rates Low.

Bank of Canada Governor Mark Carney’s plans to raise interest rates this fall have been put on hold as a result of the continued financial struggles in both the U.S. and Europe. It was originally believed that the bank would be raising rates this September, but recent indications suggest that we could be looking at(…)

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