Even tough there were less listing and sales, when compared to February of 2012, the average sale price in Feb 2013 is 4.9% higher – according to the report by the REALTORS® Association of Hamilton-Burlington (RAHB). RAHB CEO Ross Godsoe said that “last February had one extra day thanks to being in a leap year, so we expected […]
Average Sale Price in Hamilton-Burlington Edges Higher in February Read More »
Supported by serious upward appreciation over the past decade, value-conscious homebuyers continue to drive demand for move-up product in the Burlington Area. The greatest trade-up activity is occurring between the $450,000 to $600,000 price point in Burlington. Last year, sales in that segment of the market represented 23 per cent (705 units). The figures are
Move-Up Buyers Set To Increase Their Stake In Homeownership Read More »
“Emerging from the survey are some very real indications that Canadian homebuyers—and their attitudes—have changed,” says Gurinder Sandhu, Executive Vice President and Regional Director, RE/MAX Ontario-Atlantic Canada. “Purchasing patterns have evolved, with a more conservative, fiscally-responsible purchaser moving to the forefront. While tighter mortgage rules implemented last July played a role in the transition, the
Canadian Homebuyers are More Experienced and Financially Prudent Read More »
Canadian real estate markets demonstrated remarkable resilience in 2012—with home sales up or on par in 65 per cent of major centres—despite considerable headwinds in terms of tighter financing and economic uncertainty abroad. The trend is expected to continue, with home-buying activity propped-up by low interest rates and an improved economic picture in 2013, according
Moderation On Tap For Canadian Housing Markets in 2013 Read More »
Actual residential sales overall were down by 0.8% in October 2012 compared to last year but the average sale price saw an 8.3% increase and the average days on market was lower than last year. “The steady increase in residential prices over last year continues,” said Nolan. “We are also seeing less of a difference
October residential market still favours sellers Read More »
The average sale price for residential properties in Ontario has risen by 17 per cent between January 1, 2008 and January 1, 2012, while home prices in Hamilton have risen 10 per cent over the last four years according to the first report on residential sale price trends published by the Municipal Property Assessment Corporation
