Archives for 2019

Equity Mortgage?

Buying a home? CMHC could soon kick in 10% of the cost — for a price The government is earmarking $1.25B over three years for something it's calling a 'shared equity mortgage' ORIGINAL ARTICLE: Pete Evans · CBC News · Posted: Mar 19, 2019 4:25 PM ET | Last Updated: today The federal budget unveiled on Tuesday includes a plan that could see Canada's housing agency, the CMHC, pitch in up to 10 per cent of the purchase price of a home, if the prospective buyer qualifies. (Ty Wright/Bloomberg)646 comments The 2019 federal budget includes a tantalizing pitch for prospective first-time home buyers — one that could see Canada's housing agency contribute up to 10 per cent of the purchase price of a home and bring down the mortgage load for borrowers. The budget offers the program, known as the First Time Home Buyer Incentive, as a way to help with housing affordability. The government is earmarking $1.25 billion over three years for something it's calling … [Read more...]

FEBRUARY 2019 STATISTICS

Hamilton, ON (March 1, 2019) - The REALTORS® Association of Hamilton-Burlington (RAHB)reported 735 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in February, 2019. This is a 4 per cent drop from February last year; however, a 24 per cent increase over January 2019. The average price was up from February 2018 by 1.9 per cent to $557,135. “Last year this time we saw the beginnings of a more balanced market,” says RAHB CEO George O’Neill. “The data for January and February is trending upwards and could lead into a healthy spring market for both buyers and sellers.” The number of sales for single family properties within the entire RAHB market fell by 2.9 per cent compared to the same month last year, and the average sale price decreased by 0.7 per cent. Townhouse sales activity across the entire RAHB market area was also down from February 2018 by 4.2 per cent, while the average … [Read more...]

44 Lakeview Dr, Stoney Creek – $499,900

Seize your chance! Fantastic & rare opportunity await from this large lot with views of Lake Ontario. Enjoy the tranquil lake views from across the road after you renovate or build your dream home. Close to the QEW, all amenities and of course access to the lake. Current home in need of "TLC" - is being sold "As-Is, Where-Is". … [Read more...]

45 Marion Ave S, $569,900

In the heart of Westdale Village, just a short stroll to McMaster University this 1.5 storey home has been well cared for and updated throughout the years. Featuring a spacious and bright open concept living room/dining room with oak hardwood floors, large kitchen, 2 main floor bedrooms, sprawling 2nd floor loft bedroom. The lower level offers 2 additional bedrooms (one /w gas fireplace), brand new 3 piece bathroom, laundry and loads of storage. Outside offers a rear deck over looking the deep lot, mature trees and shed to store bikes and garden tools. Furnace/AC (’15), Roof (’15), Backwater valve & Some interior waterproofing (’15). [gallery] … [Read more...]

Hamilton Real Estate – January 2019 Statistics

Sales down, prices up! Hamilton, ON (February 4, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 593 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January, 2019. This is a 3.6 per cent drop from the same month last year. The average price was up by 4.7 per cent to $550,058. “This is a promising start to 2019,” says RAHB CEO George O’Neill. “For sellers, the average price of a home has increased over 100 per cent since 2009. For buyers, sales activity has slowed, the number of new listings has increased, and we are sitting firmly in a balanced market.” The number of sales for single family properties within the entire RAHB market fell by 2.8 per cent compared to the same month last year, and the average sale price increased by 7 per cent. Townhouse sales activity across the entire RAHB market area were also down from January 2018 by 2.6 per cent, while … [Read more...]

RAHB December Real Estate Stats – 2018

Hamilton, ON (January 2, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB)reported 534 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December, 2018. Although this is a 26 per cent lower than the same month last year, the average price was up by 2.6 per cent to $543,210. Year-to-date (YTD) sales activity was down by 17.6 per cent from this time last year, and down 12.2 per cent from a decade ago. Average YTD price was also down from a year ago by 1.4 per cent, but up by 90 per cent from 2008. “As we close out 2018, we’ve experienced a different market than the ones from 2016 and 2017,” says RAHB CEO George O’Neill. “Across the RAHB market area we’ve seen decreases in various statistics when compared to last year; however, consumers who have owned their property for the past several years have experienced gains in the value of their property.” The number of sales for … [Read more...]