Market Updates & FAQs

Found 8 blog entries about Market Updates & FAQs .

In the late 90's and into the 2000's, KITEC plumbing was used in a lot of our local builds in Burlington, Hamilton and the GTA. If you look under your sinks and see blue and orange tubes, instead of regular copper or PVC pipes, there is a good chance it is KITEC. The problems are not those "pipes", it is the fittings and fixtures, that corrode and deteriorate over time. They were faulty and often times, need to be replaced. If you Google search, you can find the codes that are imprinted on these fittings, that were recalled. 

There was a class action lawsuit and a $120 million dollar settlement awarded. That money sits in trust, the $97 million left after sparse claims and legal fees, waiting to be claimed, and whatever isn't, will be returned to the

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The time is here!! We have a lot of inventory that started very high in price this year and now, reality has hit and we are seeing price reductions! They overpriced so they are very negotiable now because 2018's clock is ticking fast. Many Sellers want closure by year end and now is your time to get a deal. Whether you are buying an investment or your forever home, or anything in between?! There are deals to be had! The market levelled at the beginning of 2018 and the past few months have seen a 2-5% increase in pricing, depending on the area. Once Spring Market begins? Those prices will start creeping up again as most Buyers prefer to move in the Spring! The fact is, if you do not mind moving when it is cold outside, it will save you money if you buy

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Below are the statistics released today by our local Real Estate Board.  

Hamilton RES New Listings:  183
Hamilton RES Sold Listings:  111
Hamilton RES Average sale price:  $505,952.00
Hamilton Commercial New Listings 20
Hamilton Commercial Sold Listings 7

Burlington RES New Listings:  54
Burlington RES Sold Listings:  37
Burlington RES Average sale price:  $703,945.00
Burlington Commercial New Listings 1
Burlington Commercial Sold Listings 1

If you have questions about the Real Estate market or are curious as to your home's current worth, give us a call.

We'd love to speak to you! 

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Check out this past months market statistics: 

 

Hamilton RES New Listings:  212
Hamilton RES Sold Listings:  133
Hamilton RES Average sale price:  $518,968.00
Hamilton Commercial New Listings 18
Hamilton Commercial Sold Listings 4

Burlington RES New Listings:  51
Burlington RES Sold Listings:  42
Burlington RES Average sale price:  $610,956.00
Burlington Commercial New Listings 7
Burlington Commercial Sold Listings 0

 

Have more questions about the Real Estate Market?  Would you like a free Market Evaluation!

Call us today! We'd love to help!! 

 

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Our Team works not just with Residential Resale Homes, we also work with clients on Investment Properties and Leasing as our services. There has always been a lot of confusion with leases, many questions that Landlords and Tenants leave to chance. A lease is a binding, legal agreement in writing. That said, anything that contravenes the Landlord Tenant Act, even if you have written it into a lease agreement, will be null and void. Our Landlord Tenant Act, in Ontario, and their laws, supersede anything we write into a lease agreement that is not per the Act. 

For example, the Act states that a Landlord is responsible to keep a property in a state of good repair, this includes, but is not limited to, lawn maintenance and snow removal. One of the

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    What will the year hold for the real estate market? Are we still in Seller's Market? Will home prices continue to rise? Are interest rates going to skyrocket? What is up with the "new" mortgage rules? We study the predictions and closely watch the patterns with what has been happening in the local market here in Halton & Hamilton Regions.

         After the craziness with Real Estate, this time last year, with the lowest inventory ever in the history of MLS, everyone is curious how 2018 is going to fair. We saw an increase of inventory suddenly in May 2017, that continued until November, and though prices did not drop, they stabilized holding the 25-30% increase in value, there were fewer sales happening. That said, 2017 was a record breaking year

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In our areas, Burlington, Oakville and Hamilton, it is a year round HOT Real Estate Market. Interest rates are still at all time lows, our unemployment rates are at historical lows and the Canadian economy is booming- our real estate market is driven by these factors and basic Supply & Demand. 

      The only time of year we see a bit of slow down, no matter what is happening with mortgage rules and the real estate market predictions, is the Holiday Season or "off season". People get busy with events, parties, work functions, family and trying to take a break, and this is the BEST time, for you as a Buyer, to get a bit of a break on pricing & competition! When the world seems to be shutting down and in Holiday mode, our team is here, diligently working

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What is the MOST frequently asked question we are getting now?  The most asked question: What is happening with our Real Estate Markets?

        I would like to clarify & explain exactly that, so we can eliminate all of the confusion the news is causing. From 2016 to 2017, from the GTA, to Halton and into the Hamilton Region, our prices increased 25-30%, depending on your exact location. The good news for Homeowners is this record breaking increase has held strong and is not going to decline. We saw a record inventory low at the beginning of 2017, from January to May, causing multiple offers on most homes for sale and our prices were becoming so high that we all knew it couldn’t last forever. The days where we would tell you that you don’t even need to

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