Nov 3, 2014 Issue 105 by The Real Estate Market Watch

WHAT’S INSIDE: City dwellers driving Canada’s real estate market PAGE 7

HOMES FOR SALE | PAGE 3 Hamilton, Stoney Creek, Ancaster, Dundas & Glanbrook LUXURY & WATERFRONT | PAGE 9

HOMES FOR SALE | PAGE 5 Grimsby, Lincoln, West Lincoln & Niagara RENTALS | PAGE 8

November 3, 2014 - Vol 70A

Finders Keepers? T

his isn’t just a kids’ expression, it’s the law. But, there certainly are some rules when it comes to real estate. The current controversy involves the “finding” of cartoons penned by the late Ben Wicks (opposite). Ben was a prolific editorial cartoonist and political satirist. While he was a great creative mind and spirit, he was not good at looking after his things. After a lifetime of producing humorous cartoons in volume, he really never cleaned up after himself. He never had a moment to properly organize his life’s work. So, he stored it just about everywhere, including his three children’s homes. His son Vincent had about 3,000 of the cartoons. They had been left by movers, packed in green garbage bags when Wicks' son, Vincent, sold the house to Mr. Harnett and moved from Keswick to Vancouver in 1992. Shortly thereafter, the new owner’s brother Richard Harnett found the cartoons in plastic garbage bags in the garage. So, the legal question was “who owns the cartoons”? Basically, Harnett kept the cartoons “under wrap” until after Ben Wicks passed away. Harnett then surfaced in 2001 and wished to make some money by printing them in a book. Now, if there is one law that book publishers know very well it is the law of copyright. And, they said that the Wicks family must agree, since they inherited the copyright from Ben when he died in 2000. The Wicks family thought that Harnett should simply return the cartoons and perhaps be paid a small fee for “storage”. But, Harnett says he owns them! Now, the Wicks family had to sue for their return. The cartoons would have a value of perhaps $75,000 to $100,000. The trial Judge Thomas Lederer cautioned Harnett that "the onus is very high here to prove specific intent" to abandon the drawings, either expressly or by inference. This comment followed evidence that Ben stored his works in green plastic bags, ordinarily used for refuse. The legal principles that apply in a case like this are rather straightforward: • A finder gets to keep the property against everyone other than the true owner • The finder must have a legal right to be in the location where the find is made • The true owner only loses his property if it can be clearly demonstrated that he intended to part with it, abandon it or give it away So, hence the discussions about green plastic bags

left in a garage at the time of moving. There have been numerous Court rulings with respect to such cases. A finder who picked up some cash on the floor in a bank was allowed to keep it. The customer who lost it could not be located and it was found in the public part of the bank. In another case, a finder was obligated to turn the money over to the bank when it was found in the private office section of the bank where the public was ordinarily excluded, and he was present there, only upon invitation. A finder who came across some $100,000 hidden in the ceiling of a house that he purchased was obligated to turn the money over to the Crown. It was determined that the former owner, a member of the Hell’s Angels was the true owner, but that the money was in fact “proceeds of crime”, so it could not be retained. There are several cases that simply deal with money or assets overlooked and left behind by former owners. In most cases, the property is hidden, so it’s not really “abandoned” in a legal sense. What do you think about the Ben Wicks cartoons? Should they have been be returned to his estate? Here are the reasons why they should: • The property was valuable • The cartoons were stored • They were not abandoned • They were left behind by mistake • Ben Wicks is the rightful owner • Ben Wicks holds the copyright to their reproduction And, if you must argue the “other side”, here is the argument: • The property had limited to no value • The cartoons were not stored • They were placed in garbage bags • They should have been thrown out • The new owner of the house had the legal right to dispose of them • The brother having identified them was able to retain them It seems actually like a clever legal argument, however, there is a very significant issue in this

particular case. These were original works in which Ben Wicks retained ownership of the copyright. That right cannot simply be left behind in a plastic bag, even if it is opaque green and many people use it for garbage. And, if you don’t take it out to the curb, it’s probably not abandoned. The common law of “finders keepers” was never intended to deprive the true owner of his property. It was simply there to sort out who has the highest rights to the property if the true owner cannot be found or identified. Not much of an argument for Mr. Harnett, unless he can prove that Ben Wicks himself simply thought it was all garbage in the first place. In an 11-page decision, Superior Court Judge Thomas Lederer ruled the cartoons, depicting political figures back to the late 1960s, are the property of the late political cartoonist and not Richard Harnett. In his decision, Lederer said "the evidence is clear he (Wicks) sought to keep them all...The material was simply not left." The law governing abandonment, the judge said, requires "a total desertion, and absolute relinquishment of private goods by the former owner." This definition, he said, makes it clear there must be a specific intent to abandon the drawings. Lederer said the evidence showed Vincent Wicks never used the garage for garbage, only storage. By Brian Madigan LL.B., Realtor is an author and commentator on real estate matters

HOME EVALUATION NO COST • NO OBLIGATION

905-575-7700 • 905-945-0188

Rob Golfi Sales Representative

Page 2

The Golfi Team Real Estate Market Watch

about Rob Golfi

November 3, 2014

Seniors Real Estate Specialist

is a designation for REALTORS® to address the needs of home buyers and sellers, age 50-plus.

ob’s career in real estate began in October 1997 and putting the needs of his clients first has always been a primary principle. Rob joined RE/MAX Escarpment January 1st 1999. As his career grew and with changing times in the marketplace, Rob realized that the team concept was the next step in order to maintain the same level of service that his clients had come to expect. Hence, “The Golfi Team” was formed, comprised of a select group of individuals who work well together and share Rob’s team philosophy. In 2003, the team received the prestigious honour of being in the top 100 Real Estate Teams for RE/MAX Canada*. And this status continues to date*. Rob has received every major award available at RE/MAX including the Diamond Club (2010-2012)*, 100% Club (1999-2001)*, Platinum Club (2002)*, Chairmans Club (2003-2009)*, Hall of Fame (Inducted in 2003)*, and the Lifetime Achievement Award (Inducted in 2006)*, Circle of Legends (2013).* Rob’s experience and aggressive negotiating skills are key in this business. Any agent can list your house, but Rob’s knowledge and ability to negotiate constructively gives his clients peace of mind in dealing with the single most important investment in their lives. Rob has an extensive marketing background that compliments his real estate career. He has achieved an impressive visual identity in the market place. Rob also prides himself on his ability to stay current with in the industry and to remain competitive in the marketplace. His hard work and dedication has awarded him the honour of consistently ranked in the Top 5 of nearly 2500 sales agents in the Hamilton-Burlington and Niagara Area since (2003).** Currently (2013)* Rob is ranked Number 1 in transactions sales ends in the Hamilton-Burlington and Niagara Area.

where the future takes shape

If you are buying or selling a home,

contact Rob Golfi today.

Rob Golfi Sales Representative

905-575-7700

visit www.Golfiteam.com

“Each client is always treated with First Class Service.”

Check out our Blog for the latest information in Real estate

*Based on RE/MAX Ontario Atlantic Canada annual commission criteria **Based on The Real Estate Association of Hamilton-Burlington total transactions January 1, 2003 – March 31, 2013.

We SELL more... because we DO more! THE ULTIMATE SELLING TEAM SHarOn StaFFOrD

HanS MarCELISSEn

WEnDY MUrraYnICHOLSOn

MIkE MCnEIL

Dan GOLFI

JEFF GOLFI

CHrIStInE SEraFInI

ErIC PInI, B.a.

LaUra BIELak

JEnnIFEr DraHO

PEnnY CIarDELLI

Hank BaLFOOrt

ROB GOLFI SaleS RepReSentative

www.GolfiTeam.com |

905.575.7700 |

www. GolfiTeam .com

1.800.288.9184

November 3, 2014

The Golfi Team Real Estate Market Watch

Page 3

Hamilton, Stoney Creek Ancaster, Dundas & Glanbrook

hAmIlTON mTN

$379,900

STONEY CREEK

$259,900

STONEY CREEK

$254,900

hAmIlTON EAST

Rob Golfi*

$299,900

61 Courtland Avenue

81 Kilbourn Avenue

338 Barton Street

423 Osborne Street

Great Mountain Location! 4+1 BR plus 3 full baths is priced to sell! Separate living room & dining room, sunken family rm w/gas fireplace, & glass door to deck & backyard. Finished basement w/BR, bath, rec room & full kitch w/gas stove. New roof & skylight Aug ‘14, shed ‘13, deck ’12.

Great starter or retirement home! Bungalow in desirable Cherry Heights neighbourhood in Stoney Creek. Updates include: new windows and kitchen along with newer floors on main level and furnace 2006.

First Time Buyers! Ready to move in. Home features 3+1 bedrooms, renovated bathrm, updated windows, hardwd flooring, new kitchen backsplash, new roof 2013, newer furnace & completely fenced-in backyard. Don’t wait!.

$1038 per/mth P&I / O.A.C.

$1018 per/mth P&I / O.A.C.

GORGEOUS RENOVATED BUNGALOW! Hickory Hardwood & porcelain tile throughout. Stylish new kitchen w/high end sinks, faucets, caesarstone counters & glass backsplash. Huge recrm & lots of storage. Close to Red Hill, QEW and waterfront. Move in ready, quick close available!

$1517 per/mth P&I / O.A.C.

hAmIlTON CTR

$246,900

hAmIlTON

$254,900

hAmIlTON wEST

$479,900

$1198 per/mth P&I / O.A.C.

buRlINgTON

$589,900

27 Frederick Avenue

187 Sanford Avenue North

25 Cline Avenue North

3191 Renton Road

Great starter home near Centre mall, Tim Hortons field, transportation and elementary school. Featuring a double stamped concrete drive and walkway and great deck. Dropdown stairs for attic storage, updated kitchen, laminate flooring and partially finished basement with finished laundry room.

GREAT INVESTMENT OPPORTUNITY! Currently set up as a 3 unit home. Updates include furnace, water heater, and roof (2011). Potential rental income: Basement unit $750, Main unit $950, Upper unit $1200.

Beautiful 3+1 bedroom home in Westdale! Custom kitch/granite counters/refinished hardwood floors, landscaped yard, interlocking patio. Furnace, C/A & HWT in 2010, updated plumbing stack, sewer line relined, spray foam insulated in back rm crawl space, completely re-wired to code 2010, new roof 2013.

FANTASTIC NEIGHBOURHOOD! Updated 3 BR home in Headon Forest area! Open concept LR/family rm, eat-in kitch, master w/ensuite & walk in closet. Priv. fenced in yard w/new patio. Upgrades: new hardwd & tiling throughout, new windows, new furnace, new C/A, new water heater. Roof replaced in 2009.

$1,917 per/mth P&I / O.A.C.

$2356 per/mth P&I / O.A.C.

$1018 per/mth P&I / O.A.C.

$986 per/mth P&I / O.A.C.

hAmIlTON mTN

$369,900

STONEY CREEK

$449,900

52 Courtland Avenue

45 Bellagio Avenue

Gorgeous one flr in desirable location on the Mountain! 3+2 BRs, 3 full baths, beautiful LR & DR w/French doors. Roof 2014, Furnace 2008, Deck 2011, Alarm System, inground sprinkler system, main floor ldry rm. Fully finished basement w/2 lrg BRs, potential for in-law suite w/sep. side entrance!

3 bedrm 1 year old home with a ton of builder’s upgrades. Stunning kitchen, engineered hardwd & upgraded ceramics. Loft area features a bright skylight. Home is across from park & close to shopping, schools & highway access $1,797 per/mth P&I / O.A.C.

$1,477 per/mth P&I / O.A.C.

STONEY CREEK

$649,900

28 South Meadow Crescent

$284,900

STONEY CREEK

$479,900

3 BEDROOM, 2 STOREY HOME. Open concept living with hardwood and granite floors, vaulted ceiling, crown moulding. Basement with games room, wet bar and 4 pc bathroom. Patterned concrete, gazebo w/ fireplace & covered patio. $1,917 per/mth P&I / O.A.C.

$2596 per/mth P&I / O.A.C.

$474,900

78 Lorraine Drive

180 Montreal Circle

GREAT MOUNTAIN LOCATION! This 3 bedrm, 2 bathrm bungalow is great for potential rental income. Interlock driveway and walkway w/great landscaping, fully finished basement w/side entrance including gas fireplace, full eat in kitch connecting to fabulous 4 season sun rm & hardwd flrs throughout.

4 bedrm multi-level home complete with hardwood & ceramics, vaulted ceilings, marble & Corian countertops, upgraded kitchen with loads of cupboards, and completely finished basement w/extra full bathrm. Double car garage, backing onto ravine. Get your clients inside. $1,897 per/mth P&I / O.A.C.

$1,098 per/mth P&I / O.A.C.

35 Chianti Crescent

LAVISH FROM TOP TO BOTTOM! Custom built, elegant home boasts pride of ownership throughout. This 2 storey home sits on 54x145 ft lot and features family size kitchen w/granite counters & butler pantry, showcase fireplace in family rm. Stamped concrete drive & patio w/oversized dbl garage.

hAmIlTON

STONEY CREEK

$194,500

511 #8 Highway, Unit #208 GORGEOUS 2 bedrm terrace condo in prime Stoney Creek neighbourhood. The balcony can be accessed from both main floor & master bedroom. Hardwood floors in living room, bedroom level laundry, eat-in kitchen, well located in a small 21 unit complex. Close to Hwy access, bus, school, parks and all amenities. All appliances included.

hAmIlTON

$199,900

113 Cameron Avenue North PRIME HAMILTON EAST LOCATION!! Hamilton`s newest hot location, used as two family, some recent updates furnace/C/A 2012, shingles, baths 2006. Rear three car parking with easy access from street. Two bedrooms on main floor & one bedroom with living room (vacant) were getting 750.00/month w/utilities included. $798 per/mth P&I / O.A.C.

$777 per/mth P&I / O.A.C.

WATERFRONT

hAmIlTON EAST

$949,900

1087 Beach Boulevard TRENDY BEACH BLVD – Spectacular & luxurious best describes this awesome beauty! Executive free hold townhome on waterfront trail with top quality finishes through-out, quartz, marble, porcelain, crown moulding, and oversized terraces, steps away to downtown Burlington & quick access to QEW $3,794 per/mth P&I / O.A.C.

STONEY CREEK

$399,900

CARlISlE

$899,900

buRlINgTON

$1,799,999

723 Ridge Road

13 Elderberry Lane

6195 Milburough Line

BEAUTIFUL ESCARPMENT VIEWS! Prime location on Ridge Road, close to all amenities. This property has a home suitable for renting or building your dream home. Buyer to satisfy themselves with building permits & costs.

Gorgeous backyard w/12x12 cabana w/hydro, custom pool, fenced yard, stamped concrete and private treed setting. Professionally finished basement w/solid oak wet bar, oversized 3 car garage, roof, furn & A/C 2009, CV 2011, Pool Pump 2014.

$1,597 per/mth P&I / O.A.C.

$3,594 per/mth P&I / O.A.C.

CLASSIC GEORGIAN COLONIAL MANOR with picturesque tree-lined private driveway. Featuring gleaming hardwd, entertainers kitchen, stunning great room with 14 ft ceiling, and custom millwork and trim thru-out. Upstairs you will find 4 spacious bedrms all featuring their own ensuite, as well as bedroom level laundry.

Call Today 905-575-7700

$7,189 per/mth P&I / O.A.C.

Page 4

The Golfi Team Real Estate Market Watch

How to Sell a Home That Didn’t Sell

MUST SELL • • • •

Estate Sales Bank Foreclosures Company-Owned Properties Distress Sales

Free List with Pictures www.HamiltonDistressSales.com

HAMILTON/NIAGARA – If your home has just come off the market and hasn’t sold, don’t be discouraged. The reason your home did not sell may have nothing to do with your home or the market. In reality, your home may have been one of the most desirable properties for sale. So Why Didn’t Your Home Sell? Last year almost half of the homes listed for sale never sold at all, and many sellers found that there was a tremendous amount a homeowner needed to be educated on to sell their home for top dollar in the shortest time period. Don’t risk making the wrong choices and losing both time and money on your investment. Before you hire a realtor, know the right questions to ask to save you time and money. Industry experts have prepared a free special report called “How to Sell a House that Didn’t Sell” which educates you on the issues involved. Please visit www.CouldntSell.com

Fixer-upper HOMeS FOr SALe These homes need work. Free list with pictures. www.HamiltonFixerUpper.com

11 Critical Home Inspection Traps To Be Aware Before Listing Your Home For Sale HAMILTON - According to industry experts, there are over 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. A new report has been prepared which identifies the eleven most common of these problems, and what you should know about them before you list your home for sale.

Whether you own an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not dealt with, any of these 11 items could cost you dearly in terms of repair. That’s why it’s critical that you read this report before you list your home. If you wait until the building inspector flags these issues for you,

you will almost certainly experience costly delays in the close of your home sale or, worse, turn prospective buyers away altogether. In most cases, you can make a reasonable preinspection yourself if you know what you’re looking for, and knowing what you’re looking for can help you prevent little problems from growing into costly and

unmanageable ones. To help home sellers deal with this issue before their homes are listed, a free report entitled “11 Things You Need to Know to Pass Your Home Inspection” has been compiled which explains the issues involved. To order your free copy of this report visit www. HamiltonInspectionPitfalls.com

November 3, 2014

27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar HAMILTON/NIAGARA – Because your home may well be your largest asset, selling it is probably one of the most important decisions you will make in your life. And once you have made that decision, you’ll want to sell your home for the highest price in the shortest time possible without compromising your sanity. Before you place your home on the market, here’s a way to help you to be as prepared as possible. To assist homesellers, a new industry report has just been released called “27 Valuable Tips That You Should Know to Get Your Home Sold Fast and for Top Dollar.” It tackles the important issues you need to know to make your home competitive in today’s tough, aggressive marketplace. Through these 27 tips, you will discover how to protect and capitalize on your most important investment, reduce stress, be in control of your situation, and make the most profit possible. In this report you’ll discover how to avoid financial disappointment or worse, a financial disaster when selling your home. Using a common-sense approach, you get the straight facts about what can make or break the sale of your home. You owe it to yourself to learn how these important tips will give you the competitive edge to get your home sold fast and for the most amount of money. How to order your free copy of this report, check us out online at

www.hamilton27tips.com

Homes For Sale Bungalows & Raised Ranches Two Storeys • Semis & Town Homes HamILTOn EaST

HamILTOn mTn

HamILTOn CTR

STOnEy CRk upR

STOnEy CRk LWR

GRImSBy

LInCOLn

Bungalows/ Raised Ranches Starting at $119,900 31 available

Bungalows/ Raised Ranches Starting at $189,900 64 available

Bungalows/ Raised Ranches Starting at $109,900 20 available

Bungalows/ Raised Ranches Starting at $349,900 9 available

Bungalows/ Raised Ranches Starting at $199,000 31 available

Bungalows/ Raised Ranches Starting at $279,900 21 available

Bungalows/ Raised Ranches Starting at $189,900 29 available

Two Storeys Starting at $154,900 15 available

Two Storeys Starting at $237,900 94 available

Two Storeys Starting at $96,500 106 available

Two Storeys Starting at $299,900 35 available

Two Storeys Starting at $299,900 55 available

Two Storeys Starting at $307,000 44 available

Two Storeys Starting at $309,900 34 available

Semis & Town Homes Starting at $154,900 16 available

Semis & Town Homes Starting at $142,900 48 available

Semis & Town Homes Starting at $94,555 20 available

Semis & Town Homes Starting at $229,000 18 available

Semis & Town Homes Starting at $194,500 31 available

Semis & Town Homes Starting at $243,900 9 available

Semis & Town Homes Starting at $79,900 18 available

Call Us today for information on any of these Homes!

905-575-7700 • 905-945-0188 Call Today 905-945-0188

November 3, 2014

The Golfi Team Real Estate Market Watch

Page 5

Grimsby, Lincoln West Lincoln & Niagara

bEAmSVIllE

$324,900

ST. CAThARINES

$172,900

bEAmSVIllE

$159,900

5082 Charles Street

63 Canterbury Drive

1 Meadowood Lane

3+1 renovated home in great neighbourhood. Updates include kitchen with granite counters & ceramic floors, baths, refinished hardwood flooring, windows, carport converted to garage. In-law potential or additional family living space in the basement.

OPPORTUNITY HAS KNOCKED!! 4 level back split with 3 or 4 bedrooms. Walkout to beautiful backyard. Shows very nice, many updates & quick closing available. Walk to park, quiet street. .

BUILDING LOT RARE FIND - Fantastic opportunity to build your dream home on this 57.00 x 108.00 ft lot! Sewer and water to lot line. Buyer pays town, regional charges and park dedication plus building permit. Subject to severance in progress.

$1298 per/mth P&I / O.A.C.

$691 per/mth P&I / O.A.C.

$639 per/mth P&I / O.A.C.

Rob Golfi*

bEAmSVIllE

$159,900

2 Meadowood Lane BUILDING LOT RARE FIND - Fantastic opportunity to build your dream home on this 50.00 x 108.00 ft lot! Sewer and water to lot line. Buyer pays town, regional charges and park dedication plus building permit.. Subject to severance in progress. $639 per/mth P&I / O.A.C.

WATERFRONT

Due Diligence Required

bEAmSVIllE

$209,900

ST. CAThARINES

$379,900

gRImSbY

$279,900

4340 Central Avenue

47 Lakeside Drive

9 Lakeview Avenue

WHAT A DOLL HOUSE! Clean & beautifully kept home in fantastic condition features shingles 6 years new, all thermal vinyl windows, gorgeous hardwd flrs under all broadlm, long concrete drive w/fenced yard & personal greenhouse backing onto church park, & close to all amenities. Shows like a dream!

Beautiful lakefront property! Double car garage with 1 bedroom apartment, in-ground pool (as is) and garden. Landscaped yard leads to beach. Buyer to do “due diligence” with building permits, zoning, site influences, conservation authority and property restrictions. Municipal services available at the road. Taxes “not set”.

Great location offering detached 2 bedroom bungalow with detached single car garage. This home offers finished basement, separate dining room, large living room, great landscaped yard with deck and gazebos. Furnace and central air 2013, roof in 2013.

2.8 AcREs

VINElAND

$399,700

3869 Victoria Avenue Turn of the century home w/ beautiful trim, crown mould, rich hardwoods, French doors, character front porch. Granite kitchen counter, added on fmily room w/ kitchenette & office. Carriage house perfect for the live/work environment

$1,118 per/mth P&I / O.A.C.

$1,517 per/mth P&I / O.A.C.

$838 per/mth P&I / O.A.C.

wAINFlEET

VAcANT cOmmERciAl lOT

$389,900

40830 Forks Road 2.8 ACRES OF COUNTRY LIVING with pond. Updated 2 storey country charmer. This home has it all, 4 bedroom, 2 full baths, large eat-in kitchen, main floor office, laundry and mudroom. Outside features a lovely wrap-around porch and 4 car garage. $1,557 per/mth P&I / O.A.C.

$1,596 per/mth P&I / O.A.C.

bEAmSVIllE

$99,900

4946 Maple Avenue VACANT COMMERCIAL LOT 40x140 ft. located walking distance to downtown Beamsville and QEW. Services are on the road. Call Rob Golfi today at 905-945-0188 for a private viewing. Thank you for visiting my website and I look forward to hearing from you

$243,900

91 Livingston Avenue, Unit #1 End unit townhouse features family room w/ gas fireplace & sliding doors to balcony, oversized kitchen, generous size bedrooms, freshly painted. Recent updates incl. kitchen w/ backsplash, new flooring in the kitchen, dining room & bedroom level. $974 per/mth P&I / O.A.C.

WATERFRONT

gRImSbY

$955,000

143 Lake Street FABULOUS FIND – Exclusive listing to the Golfi Team. Beautiful Waterfront lot sitting on 140 x 183 ft. lot on private cul-de-sac, build your dream home on the shores of lake Ontario, services include sewers, water and gas to lot line. $3,814 per/mth P&I / O.A.C.

$399 per/mth P&I / O.A.C.

WATERFRONT

5 AcREs

gRImSbY

WATERFRONT

Docking Rights Available!

PElhAm

$699,900 571 Poth Street

5 ACRE PROPERTY w/ large 4 bedrm home & barn w/ stalls. Home feat liv/rm, dinrm, eat-in maple kitchen, main flr master suite & fin bsemnt. Outdoor feat large pond, barn w/ 5 stalls, run in shed, 2 paddocks & exercise ring

gRImSbY

$479,900

$799,900

3723 Niagara River Parkway

2 STOREY WITH IN-LAW. 4+2 bedrm, 3 full baths, 2 half baths, new kitchen, furnace & a/c, roof & back deck. Main floor home office, den & separate dining rm. In-law has separate entrance & driveway.

BREATHTAKING VIEWS ON 2 ACRES! 4+1 BR home features Oak hardwds, main flr master suite, irrigation sprinkler system, aerobic septic bed, backup gas generator, furnace 6yrs, roof 3yrs, gardeners greenhouse & a nicely landscaped yard! Docking rights available!

$1,917 per/mth P&I / O.A.C.

$2,795 per/mth P&I / O.A.C.

WATERFRONT

FORT ERIE

180 Main Street West

$3,194 per/mth P&I / O.A.C.

ST. CAThARINES

$252,900

$899,900 1 11th Street

BIGGER THAN IT LOOKS! 2200 sq ft completely rebuilt Waterfront retreat w/180-degree views of Lake feat. 3 bedrms & 2 baths in a . Large master suite w/ensuite, two main floor bedrms, 3pc powder rm, two-level living area, spacious dining rm, & over sized chefs gourmet kitch. Turn the key & leave w/this zero maintenance freehold property! $3,591 per/mth P&I / O.A.C.

BUilDiNG lOT

5.5 AcREs

$849,900

gRImSbY

bEAmSVIllE

$989,900

bEAmSVIllE

$399,900

1645 Niagara Parkway

15 Lakeside Drive, Unit 39

P/L#23 Durham Road

Academy Street

CUSTOM BUILT HOME facing the Niagara River, four large bedrooms, plus finished attic with roughed in bath for a fifth bedroom. Solid oak doors and trim throughout. Unspoiled basement with walkout. New C/A, Furnace ‘01. Roof ‘05. Does not disappoint!

3 BEDROOM TOWNHOUSe with amazing views of the lake! Resort style living. Large eat in kitchen, living room with corner gas fireplace, updated flooring, freshly painted. In-ground pool, large courtyard, private deck off patio doors, lower level finished.

ZONED LIGHT INDUSTRIAL AND COMMERCIAL with 5.5 acres and 602 feet of frontage on Durham Rd.

RM2 ZONING – ¾ acre land site centrally located downtown area, permitted uses apartment dwelling, boarding or lodging dwelling, home for the aged, nursing home, group home, private home daycare. Call for details on permitted uses.

$3,395 per/mth P&I / O.A.C.

$3,954 per/mth P&I / O.A.C.

$1,010 per/mth P&I / O.A.C.

Call Todaywww.golfiteam.com 905-945-0188

$1,597 per/mth P&I / O.A.C.

Page 6

The Golfi Team Real Estate Market Watch

November 3, 2014

Joined Together even after Divorce!

ou probably never thought of this and it certainly doesn’t happen very often, but when it does it definitely causes havoc. Let’s take the case of Jim and Wendy. Wendy’s parents never really liked Jim. He was a truck driver and stopped in most evenings at a late night diner where Wendy worked while she was putting herself through school. One thing led to another and Cynthia arrived in nine months. Jim was a long distance trucker. He said he would do right by the child, and married Wendy. Her parents allowed the couple to stay in a small house that they purchased when

they were first married. So, they turned out the tenants and Wendy, Jim and Cynthia all lived in the house. The only problem was that he was never home, he never put any money towards the household expenses and eventually Wendy and Jim obtained a divorce. Yes, they made a little mistake. The house had been registered in the names of both Wendy and Jim. Not having any money to buy out his interest, Wendy went to her parents. They came to the rescue and bought out Jim’s interest in the property. Some time went by, Jim never paid any child support, he never came to visit

and after a period of time, they lost touch with him. Wendy’s father passed away and left his estate to Victoria (Wendy’s mother). One day tragedy struck! Victoria, Wendy and Cynthia went on a family vacation. They were involved in a car accident. Both adults were pronounced dead at the scene. Cynthia, because she was in a car seat survived but did not make it to the hospital. So, what happens to all the money? Wendy’s parents had Wills. They included survivorship provisions. In other words if the husband and wife were in a common disaster, the survivor had to live for at least 30 days before they would inherit the estate. This was initially intended to avoid double taxation of estates. However, Victoria’s Will did not include this provision in respect to other beneficiaries, only her late husband. Wendy, always intended to make a Will, but never really got around to it. You need to know some of the legal rules that will apply: • The younger is deemed to survive the elder • The insured (under a life policy) is deemed to survive the beneficiary • The laws of intestate succession will apply if there is no Will I should point out that the first two rules only apply in the case of uncertainty. In this case, the some of the facts are clear; Wendy and Victoria were both sur-

vived by Cynthia, even if it was for only a few minutes. Victoria’s estate went to Wendy. There was no common disaster clause. Her life insurance although made payable to Wendy as her beneficiary instead went to her estate. However, that was Wendy again. They just had to pay probate fees on the life insurance proceeds. Wendy’s estate went to her daughter Cynthia. This included all the money from Victoria’s estate. Now, what happens to Cynthia’s estate. Well, she didn’t have a Will, she was only 5 years old. All her money went to her parents equally (or the survivor of them). So, Jim was entitled to everybody’s money! This is not a good result. Wendy’s parents came to despise Jim. He was the last person on earth that they would ever give money to. They hadn’t seen him in over 4 years. Wendy didn’t care for him either, and particularly the fact that he never once called to see how Cynthia was. Again, he was the last person on earth that she would leave her money to. Wendy thought that since she was divorced from Jim, he was gone forever. No, not really, once married they were inextricably intertwined forever. So, the immortal words “til death do us part” applied in this case.

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November 3, 2014

The Golfi Team Real Estate Market Watch

Page 7

City dwellers driving Canada’s real estate market

omeowners who choose the convenience of city life over the more generous living space in suburbia are driving Canada’s real estate market, according to a new report jointly produced by consultancy Pricewaterhouse Coopers and the non-profit Urban Land Institute. The annual outlook on emerging real estate trends says the move downtown, which has emerged in the past few years, will continue as more Canadians decide to stay in or move back to urban cores. Much of this is due to changing demographics as young families and millennials forgo the white picket fence and house in the suburbs to take advantage of downtown living, where properties are smaller but offer more conveniences, said the 112-page report released recently. According to Statistics Canada, the most recent numbers available show that the population of urban centres grew 7.1 per cent between 2006 and 2011. Frank Magliocco, Canadian real estate leader at PricewaterhouseCoopers, said there are a number of factors behind the urban growth, including that Canadians are more aware of the environmental costs associated with urban sprawl as well as the cost in time and money of lengthy commutes. As well, provincial land use regulations that protect green spaces – for example Toronto’s Greenbelt involving

about 800,000 hectares of protected land from Peterborough, Ont., to Niagara Falls, Ont. – have made it more difficult to find land to develop and has pushed an explosion of condominium growth in major cities. But one of the concerns is what will happen to these urban properties once the younger generation grows out of them. “This continuing urbanization trend has fuelled the condo boom in Toronto and other cities, but some question what will happen as the lifestyles of today’s young urban singles and couples change. Will they move out of the city core in search of larger homes, schools and services, or will they – like their counterparts in other parts of the world – simply adapt to smaller living spaces?” the report asks. Magliocco said Canadian cities will either go the way of New York, where families are willing to sacrifice space to live in the city, or the way of London, where families are used to living outside the city and commuting downtown for work. The rapidly growing condo markets in cities such as Toronto and Vancouver have also raised concerns about an oversupply of units and whether the boom is overly weighted towards wealthy, foreign investors who lease the units to others. Meanwhile, an expected rise next year in interest rates from historically low levels may also influence demand in the

Crossword puzzle (Solution on Page 7)

housing market. However, among the 1,400 people interviewed and surveyed for the report, which included private property investors and developers, commercial developers and real estate service firms, the consensus was that the Canadian market is strong enough to weather a bump in mortgage rates. “The improvement in the U.S. economy indicates that higher rates could be coming, but the economic stability in Canada and the United States will continue to attract foreign capital,” said the report. “In addition, retiring baby boomers are likely to flood the market with private capital as they look to turn stock options and retirement packages into stable, income-generating assets.” Overall, the report sees developers responding to the needs of downtown dwellers by building more mixed-used properties, which include residential and retail space. “Looking ahead, we can expect to see more and more retail and services along the streets of Canada’s city cores and along major transit arteries, especially where new developments predominate. Major brands are likely to move into these new spaces, too – though with new formats and smaller footprints,” said the report. The report also noted that Calgary, Edmonton and Vancouver, will see the most residential growth in 2015, a trend

that has been helped by more jobs becoming available in the West than in Central Canada, while Calgary and the Greater Toronto Area will hold the most potential for retail growth. By LINDA NGUYEN Linda Nguyen, Toronto, The Canadian Press

Crossword Solution

SUDOKU 8 5

2 6

9 The Solution 9

5 1

8 6 3 5 7 1 2 9 4

1 7 2 4 3 5 8 6 9

5 8 4 6 1 9 3 7 2

6 3 9 7 8 2 1 4 5

2 1 8 3 6 4 9 5 7

7 4 5 9 2 8 6 3 1

3 9 6 1 5 7 4 2 8

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Down 1 Vandalise (6) 2 provided for (7) 3 Bleed (5) 5 East anglian city (7) 6 Cooking device (5) 7 XX (6) 9 Containing errors (9) 13 Live bee (anag) (7) 14 Jurisdiction of a bishop (7) 15 Watercourse (6) 16 Sell down the river (6) 18 Cross (5) 20 Dancing venue (5)

2 3

Across 1 Time period (6) 4 Honorary title (6) 8 Religious decree issued by a muslim leader (5) 9 Rifle — nice bra (anag) (7) 10 Official inquiring into deaths not by natural causes (7) 11 Opening through which liquid can flow (5) 12 Degenerate (9) 17 Fish with a large net (5) 19 Larva of a frog (7) 21 Intellectual (7) 22 Weapon (5) 23 Havoc (6) 24 Graceful (6)

8 8

6 4

Fill in the grid above, so that each row of 9 squares, each column of nine and each section of nine (three squares by three) contains the numbers 1 through 9 in any order. There is only one solution for the puzzle and the numbers shown can nOT be changed.

Page 8

The Golfi Team Real Estate Market Watch

Rentals

FOR lEAsE

hAmIlTON

November 3, 2014

FOR lEAsE

$1,400/mTh

FOR lEAsE

STONEY CREEK

$1,800/mTh

STONEY CREEK

328 Woodward Avenue

43 Riviera Ridge

UPDATED 3 BR BUNGALOW! Open concept kitch looking into LR & master BR at the back of house. 2 parking spots avail. Close to bus stop, access to the Red Hill & QEW. Available for immed. possession. Credit Check, references & letter of employment req’d. Tenant to have contents & liability insurance.

FOR LEASE! Large 1.5 storey home finished top to bottom. Main floor bdrm w/ensuite, updated kitch, vaulted ceilings & gas fireplce in living rm. Fully finished bsmnt, fenced yard w/lrg deck w/retractable awning. Seconds from QEW. Credit Check, references & letter of employment required. Tenant to have contents & liability insurance.

FOR lEAsE

Rob Golfi*

FOR lEAsE

$1,850/mTh

hAmIlTON

$4,400/mTh

33 Montreal Circle

1083 Beach Boulevard

Beautiful home on corner lot w/views of Lake Ontario! 4 BRs, 3.5 baths, fully finished basement, gas FP in living rm, oak staircase & seconds from QEW. Credit Check, references & letter of employment req’d. Tenant to have contents & liability insurance.

TRENDY BEACH BLVD – Spectacular & luxurious best describes this awesome beauty! Executive free hold townhome on waterfront trail with top quality finishes through-out, quartz, marble, porcelain, crown moulding, and oversized terraces, steps away to downtown Burlington & quick access to QEW. Tenant to have contents and liability insurance.

FOR lEAsE ED

lEAs

hAmIlTON

$1,450/mTh

gRImSbY

$1,500/mTh

gRImSbY

$1,500/mTh

FlAmbOROugh

$1,675/mTh

105 Vennio Lane

541 Winston Road, Unit #16

8 Lakelawn Road, Unit #51

40 Woodhill Road

Beautiful all brick 2 storey semi-detached home for lease. 3 bedroom, 2½ bath & fully finished basement. Master bedroom with ensuite. Close to Redhill and all amenities. Credit Check, references & letter of employment required. Tenant to have contents and liability insurance.

Beautiful 2 storey townhome for lease. 3 bedrm, 2.5 bath, hardwd flooring & ceramics, 9’ ceilings, berber carpet upstairs. Quick access to QEW. 1st & last month’s rent, credit check, references & letter of employment req’d. Tenant is to have contents & liability insurance.

New 2 storey town home for lease! 3 bedroom, 2 ½ bath, all appliances included. Upgraded kitchen, carpets and oak stair case. Seconds from QEW. Tenant pays utilities. 1st and last month’s rent, credit check, references and letter of employment required. Tenant is to have contents and liability insurance.

NICELY RENOVATED. Updated kitchen with quartz counter top, hardwood floors, main floor laundry and bathroom, beautiful yard and hot tub. Big house, big property. All new appliances. Minutes to Dundas. 1-4 year lease, rental app, credit check and notice of assessment needed.

YOUR HOME

SOLD

GUARANTEED* OR WE BUY IT *Certain conditions apply

In 2013, Rob and his team were #1 for transaction sales in

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** Real Estate stats from RE Datum stats

Rob Golfi Sales Representative

SHarOn StaFFOrD

HanS MarCELISSEn

WEnDY MUrraYnICHOLSOn

MIkE MCnEIL

Dan GOLFI

JEFF GOLFI

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November 3, 2014

The Golfi Team Real Estate Market Watch

Page 9

Luxury Homes & Waterfront Properties WATERFRONT

WATERFRONT

Rob Golfi*

WATERFRONT

Docking Rights Available!

hAmIlTON EAST

$949,900

gRImSbY

$899,900

1087 Beach Boulevard

1 11th Street

$849,900

FORT ERIE

$799,900

1645 Niagara Parkway

3723 Niagara River Parkway

BREATHTAKING VIEWS on 2 acres! 4+1 bdrm home features Oak hardwds, main flr master suite, irrigation sprinkler system, aerobic septic bed, backup gas generator, furnace 6yrs, new, roof 3yrs, gardeners greenhouse & a nicely landscaped yard! Docking rights available! $3,194 per/mth P&I / O.A.C.

$3,395 per/mth P&I / O.A.C.

$3,591 per/mth P&I / O.A.C.

$3,794 per/mth P&I / O.A.C.

5 AcREs

FORT ERIE

WATERFRONT

Due Diligence Required

PElhAm

$699,900 571 Poth Street

WATERFRONT

STONEY CREEK

gRImSbY

$955,000

$379,900

$1,799,999

143 Lake Street

47 Lakeside Drive

6195 Milburough Line

CLASSIC GEORGIAN COLONIAL MANOR with picturesque tree-lined private driveway. Featuring gleaming hardwood, entertainers kitchen, stunning great room with 14 ft ceiling, and custom millwork and trim thru-out. Upstairs you will find 4 spacious bedrms all featuring their own ensuite, as well as bedroom level laundry.

$3,814 per/mth P&I / O.A.C.

STONEY CREEK

WATERFRONT

37 AcREs

$774,900

gRImSbY

$959,900

63 Edgewater Drive

342 Kemp Road West

FANTASTIC LAKE VIEW This beautiful Waterfront 4+1 bedroom home makes you feel like you are away from home! Main floor offers open concept with sliding doors to the patio. Have your morning coffee on the patio and sit back and enjoy the sound of the water! 2 master bedrooms with ensuites.

STUNNING VIEW OF THE LAKE! This beautiful Waterfront 4+1 bedroom home makes you feel like you are away from home! Main floor offers open concept with sliding doors to the patio. Have your morning coffee on the patio and sit back and enjoy the sound of the water! 2 master bedrooms with ensuites.

CUSTOM BUILT home on 37 acres. Features nanny's quarters or 2 bedroom in-law suite, 2 fireplaces, gourmet kitchen, ceramics, vaulted ceilings, in-ground pool, 3 car gar. Barn w/13 stalls, 4 paddocks & a 60x140 arena. Minutes from town!

$2,944 per/mth P&I / O.A.C.

$7,189 per/mth P&I / O.A.C.

$1,517 per/mth P&I / O.A.C.

37 Edgewater Drive

$3,834 per/mth P&I / O.A.C.

$3,095 per/mth P&I / O.A.C.

Lest We Forget Sincere condolences to the family and loved ones of

buRlINgTON

FABULOUS FIND – Exclusive listing to the Golfi Team. Beautiful Waterfront lot sitting on 140 x 183 ft. lot on private cul-de-sac, build your dream home on the shores of lake Ontario, services include sewers, water and gas to lot line.

WATERFRONT

$737,000

ST. CAThARINES

STONEY CREEK

$1,769,900

9 Lochside Drive ONE ACRE WATERFRONT ESTATE – features Luxury 4400 sq.ft. custom built bungalow with a private rare beach frontage and riparian rights, finished top to bottom with inlaw suite, 9’ ceilings, 3 tier patio off sun-room, loft to roof top patio, main floor den, and floor to ceiling windows. Shows like a dream! $7,069 per/mth P&I / O.A.C.

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Page 10

The Golfi Team Real Estate Market Watch

November 3, 2014

Marketplace Real Estate lawyer

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Ancaster Branch

Binbrook Marketplace Branch

Grimsby Branch

1100 Wilson Street West | 905-304-6838

2537 Regional Road 56 | 905-692-8359

155 Main St. E. | 905-945-2930

Centre on Barton Branch

Jackson Square Branch

Beamsville Branch

1187 Barton Street East | 905-547-6202

2 King Street West | 905-528-6391

4520 Ontario St. | 905-563-0822

Rymal Road Branch

Stoney Creek Branch (Opening Fall 2014)

Vineland Branch

2176 Rymal Road East | 905-692-3597

259 Queenston Road

Hamilton Commercial & Small Business Banking Centre 2 King Street West | 905-528-6391

www.GolfiTeam.com

3370 King St. | 905-562-7373