A recent RE/MAX survey conducted by Leger found more than one in four Canadian homebuyers report feeling pinched by the stress test, which came into effect in January of this year. However, projections for the spring market show optimism with most markets expected to remain stable or improve. Despite all of the factors involved, the spring
2018 RE/MAX Spring Market Trends Report Read More »
The REALTORS® Association of Hamilton-Burlington (RAHB) has released their stats for March 2018 and there were 1099 sales processed, which is showing that sales for all property types combined (residential, condo, commercial) were 38.6% lower compared to previous year period and 18% lower compared to 10-year average for the month. Average sales price was 14.8%
2018 March Real Estate Activity Stats for Burlington, ON Read More »
The bottom line is this, despite the new mortgage stress testing, which took effect on January 1st this year, you can still buy a home! What’s this stress test? Stress testing is a best practice risk management tool. Stress tests are used by financial institutions to gauge how their business would fare under extremely difficult
Buying a Home in Canada in 2018 Read More »
The following infographic based on an annual survey, put together by the National Association of REALTORS®, shows some interesting statistics about home buyers and home sellers. 34% of all home buyers are First-time home buyers 54 is the age of repeat home buyers, which has been increasing There is a decline in married couples buying
The 2017 Profile of Home Buyers and Sellers Read More »
When looking at all property types in Hamilton-Burlington in 2017, compared to 2016 there were 5.9% less home sales, however the total dollar volume reached a new high of $8,972 billion (a 14.4% increase). Listings were up 15.4%, average days on market were 10% less. Which basically means this, we had more homes being listed,
Market Turnaround in 2017 Read More »
City of Burlington has proposed a new operating budget and city tax increase of 4.19% in 2018. The officials are planning to meet and discuss on Thursday Jan 18. And scheduled for council approval on Monday Jan 22. Most of the budget will be going towards renewal of city infrastructure, followed by transit and fire
City of Burlington 2018 Proposed Operating Budget and Tax Read More »
Activity was brisk in 2017 in Hamilton-Burlington as a strong local economy, relative affordability compared to the GTA and proximity to the amenities on offer in both Niagara and Toronto continue to attract buyers to the region. The OSFI mortgage qualification changes that come into effect in 2018 also motivated move-over buyers to leave the
The 2018 RE/MAX Housing Market Outlook Report for Hamilton/Burlington, Ontario Read More »
Burlington is a wonderful city to live in. It’s relatively close to Toronto yet offers cheaper housing options, lower property taxes and a more nature feel to it. With the population on the rise Burlington is a vibrant city with many opportunities for all. Moving to Burlington has been in the minds of many people.
Moving to Burlington, Ontario Read More »
If you’re a homeowner and you’re thinking about selling your home, definitely hire a real estate agent. Although there are websites that will allow you to sell your home without the listing agent, by marketing your home as “for sale by owner” (FSBO). And although you may save some money by not having to pay
Why You Should Hire a Real Estate Agent To Sell Your Home Read More »
Our homes are our most valuable possessions. We do everything we can to keep them safe and sound. Yet, we all hear local news stories about residential break-ins, where thieves would steal jewelry, cash, silverware, laptops, expensive electronics, etc. Sometimes even in broad daylight! It’s not a pleasant sight, to see your home was broken
Protect Your Home Against Break-Ins Read More »
