Real Estate Market Statistics for February 2022 The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1,228 sales in February 2022 of residential properties within the RAHB market area. When it came to the number of sales, RAHB reported an increase of 71 per cent month over month. However, when compared to February 2021, there was a 4.4 per […]
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Year-End Real Estate Statistics The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 16,502 sales of residential properties within the RAHB market area for 2021. When compared to 2020 sales of residential properties, we can see that there was an increase of 10.5 per cent. The average price of a residential property in the entire RAHB market
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Homeownership in Canada When it comes to homeownership in Canada there’s a lot to know and to prepare for. It can sometimes be difficult for young prospective buyers new to the market. This is due to the rising housing prices that we’ve seen over the past few years. There was a high demand in 2020
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Finding a Mortgage Lender When it comes time to shop for a mortgage lender it can seem daunting and stressful. However, there are multiple companies that are able to help you through the process and interest rates options. The whole process can sometimes feel really overwhelming and that’s why a mortgage lender or specialist can
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Average Ontario Home Prices It was recently reported that the average price of a residential property in Ontario in September was $887,290. While the average income for someone living in Ontario was reported to be $55,500, meaning that the average price of a residential property is 16x the average income. Ontario is the most populated
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Canadian Fall Housing Market The Canadian Fall housing market prices are expected to have a five per cent increase in what’s remaining of 2021. It was reported that 26 out of 29 of Canada’s major housing markets, were sellers markets. There was also a high demand and a low inventory, which is what added to
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Canadian Real Estate Market In a recent report by the Canadian Real Estate Association (CREA), the Canadian housing market may have reached it peak. While some markets are still experiencing record breaking gains, “these broad-based trends are spotlighting some crucial developments.” This is some good news, since that means things could be returning to some
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Mortgages and the Down payment Have you been wondering how mortgages work? When it comes to buying a home we all have to think about how we’ll finance it. It’s a major purchase and one that is life changing, you’re becoming a homeowner, it’s exciting. First we should review how mortgages work. There’s a lot
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The Federal Government’s Greener Homes Grant Have you been thinking about making improvements to your home? Right now might be the best time to do it. The Greener Homes Grant has been introduced recently and is becoming very popular amongst Canadians and for a good reason. “The federal government’s Canada Greener Homes Grant is proving
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According to the Polls In a recent joint Nanos and Bloomberg poll, that took place in May, it was revealed that Canadian’s would welcome rate hikes if it means that it could help cool the housing market. According to the poll, 49% of respondents would support or somewhat support the Bank of Canada to increase
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