Jan. 17, 2011 Issue 18 by The Real Estate Market Watch

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January 17, 2011 - Vol 23b

P R E S E N T E D

B Y

T H E

G O L F I

T E A M

FIND US ON:

Rob Golfi Sales Representative

Sharon Stafford Sales Representative

Heather Reid Sales Representative

Hans Marcelissen Sales Representative

Wendy Murray-Nicholson* Sales Representative

Ashley Sidler Sales Representative

Dena Zlatar Office Manager

www.GolfiTeam.com

Rosemary Fournier Listing Co-ordinator

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The GOLFI TEAM Real Estate Market Watch

About Rob Golfi

ince the inception of his career in 1997, Rob Golfi has recognized that understanding his clients’ needs is essential to providing excellent service. As business grew, Rob assembled the Golfi Team in an effort to maintain the same level of professionalism clients have come to expect. Shortly thereafter in 2003, the team received the prestigious honour of being among the top 100 Real Estate Teams for RE/MAX Canada, and this status continues to date. Rob’s experience and aggressive negotiating skills have earned him every major honour awarded by RE/MAX, including President’s Club, 100% Club, Platinum Club, Chairman’s Club, Hall of Fame in 2003, the Lifetime Achievement Award in 2006, his SRES® designation in 2009 and the Diamond Club Award in 2010. Having worked with

by: Rob Golfi

many of the industry’s professionals over the years, he has the necessary edge to best negotiate the sale of your home. Any agent can list your house, but Rob’s knowledge, extensive marketing background and dedication gives clients peace of mind when dealing with the single most important investment in their lives. With years of combined experience, the Golfi Team can provide your home with a level of exposure that most agents cannot. Utilizing a team approach also means that they will likely find a purchaser to buy your home sooner, rather than waiting for other agents to approach you with potential buyers. Ranked in the top 5 of nearly 2,000 sales agents in the Hamilton-Burlington and Niagara areas, listing with Rob and the Golfi Team is the right choice when choosing someone to represent your best interest. -Å

SUDOKU 6

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5 4 3

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eople tend to think it’s harder to sell your home in winter than in spring or summer. While this may be generally true, there are always people looking to buy. Whether it’s moving to a larger home after a newborn baby (or two), relocating for work, taking advantage of the slower months to view homes at a more comfortable pace, or even downsizing if necessary, there is never an ‘off-season’ in real estate! Naturally, there is less competition on the market in these winter months. While there may not be as many buyers either, the above factors mean that there are still people looking to buy. With less available houses on the market, you will have more time on average to show these people your home, which increases the

likelihood that they’ll become interested and move forward with purpose. You can take advantage of the cold weather by playing up the warm, cosy feeling people get when entering a welcoming home in the winter. Make sure the house is well heated. This can be easily overlooked, especially if there is no one living in the home at the time. People will not want to linger around a freezing house for long! Little things like lighting candles, having some slippers at the front door for people, or having hot chocolate ready for people when they arrive can really set the mood upon arrival. Make people feel as comfortable as possible, and good things will happen. Rob Golfi Sales Representative

Maximum Exposure Sells Your Home 905-945-0188

www.golfiteam.com The GOLFI TEAM is ranked in the Top 100 Re/Max Teams in Canada.

7 5

Selling Homes in Winter Has Its Advantages

Call the Golfi Team to get your Home Sold

January 17, 2011

9 9 2

The Solution 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.

“Normally, a clothesline in the yard would negatively impact the appearance and price of your property… but I’m calling it a solar-powered wardrobe spa!”

www. GolfiTeam .com

9 1 6 5 3 2 7 8 4

4 6 5 3 7 8 9 2 1

7 9 3 2 1 5 6 4 8

8 2 1 4 6 9 5 7 3

5 3 2 7 8 1 4 6 9

1 7 9 6 5 4 8 3 2

6 8 4 9 2 3 1 5 7

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Grimsby, Lincoln & West Lincoln Area

Rob Golfi* JUST LISTeD

D SOL ER TH ANO NE O

GRImSBY $299,900 17 Colonial Crescent

GRImSBY $189,900 21 Hedge Lawn Drive

GRImSBY $179,900 13 Sacks Avenue

Attractive 4 level back split in quiet escarpment survey. Porcelain tiles, oak eat-in kitchen, vaulted ceilings in LR/DR, main flr laundry, gas fireplace in family room, newer furnace, humidifier & central air, along with new windows, doors, & shingles.

Affordable freehold townhouse w/escarpment views boasts 3 bdrms, 2 full baths, eat-in kit w/oak cabinetry & ceramic backsplash over looking fenced yard w/patio, & fin. rec-rm in basement. Freshly decorated, updated shingles, close to park & schools, quick access to QEW.

Cute semi in a great neighbourhood close to parks & schools. Nice corner lot! 3 bdrms, two full baths, finished rec-rm w/gas fireplace, & open concept on main flr. Fantastic opportunity for any buyer to aquire in Grimsby.

Well maintained & priced to go! Situated on a large mature lot plus recent upgrades incl. windows, siding, soffits, facia, eaves trough, furnace & baths. Oak cabinets in kit, hrdwd flrs on the main level, reno’d lower lvl. Dbl paved drive holds 4 cars. Pool & 6 person hot tub (07).

GRImSBY $649,900 39 Mud Street West

GRImSBY $1,799,900 351 Ridge Road East

GRImSBY $227,900 24 Kenyon Crescent, Unit 34

FONTHILL $649,900 23 Timbercreek Cres.

“WOW” Rare find! 93 acre farm only 5 minutes to Grimsby and QEW. Work shop 18.4 x 36 ft. and Barn 37 x 70 ft. 80 acres of workable land, 13 acres of bush, well maintained home with updated shingles, windows, beautiful hardwood flrs, finished basement

This fine property shows like a dream. Seated on 4 acres of lush landscape and backing onto Niagara Escarpment. This amazing 6500 sq ft estate features main floor master suite, multimedia control centre, gourmet chef’s kitchen & 4 additional large bedrooms.

Outstanding & immaculate town home beautifully finished throughout. Features great open concept design w/over sized sun filled living rm, oak kitchen w/sliding doors to private patio, finished basement, & quick access to QEW

Stunning 4 bdrm, 3300 sqft Executive on exclusive street. Built 4 yrs ago & features hardwoodand porcelain floors, granite countertops, 60 interior/11 exterior potlights, main flr den can also be a formal living room. In-law suite w/sep entry plus endless list of upgrades!

GRImSBY

$239,900 334 Lake Street

93 acreS

D SOL ER TH ANO NE O

Scan this code to view more info on our listings!

WaTerFrONT

Go to www.4qr.ca on your mobile phone to download your free scanner. Text "GOLFI" to 123411 to view our listings on your mobile phone.

GRImSBY

$299,900

Golfi Team has Maximum Internet Exposure to Get Your Home SOLD!

The

63 Griffith Drive Completed top to bottom with professionally finished basement. Spacious eat-in kitchen, dinette, cozy front porch with Escarpment views, patterned concrete drive, patio, private treed yard. Very desirable neighbourhood. Quick access to QEW!

Call today!

905-945-0188

GRImSBY

$1,490,000 143 Lake Street

Fabulous waterfront property! Custom built 3000 sq ft home with Lake views every room. Maple hardwood floors, granite counters, master suite with access to back deck, ensuite and walkin shower. Handicap adaptable!

NeW HOMe

BeamSvILLe $228,900 5141 Conner Street

WeST LINCOLN $324,999 7574 Highway #20

GRImSBY $299,900 8 Casablanca Blvd.

GRImSBY $289,900 33 Debora Drive

1386 sq.ft. Features include great sized bedrooms with 3 pc ensuite and walk in closet off of master. Kitchen overlooking spacious family room, attached to neighbouring unit at the garage.

2+1 bedroom fully reno’d & with modern kitchen, cherry wood cabinets, ceramic, cathedral ceilings, adjoined fam room. Thick carpeting in all principal rms & main bath w/whirlpool tub. Dbl side drv, fin bsmt (’06) incl. rec rm, kitchen, bedrm & laundry, 25 yr roof (’04), furnace (’03).

Custom built 2000 sq.ft. home with plaster construction and an unbeatable floor plan, gorgeous hardwood floors, oversized sunken family room, new furnace, new shingles in 2009, beautifully landscaped on oversized 75 x 133 ft lot.

Spacious raised ranch in impeccable condition 3+1 Bedrms, 2 baths, on large 61 x 125 ft lot across from private park, updates include new windows, new furnace & central air, finished bright basement, walk to downtown, 1 min to QEW

D SOL ER TH ANO NE O BeamSvILLe $259,900 4498 Ontario Street Ideal for Home Business. Impressive 4 bedroom, 4 level back split sitting on 60' x 150' lot. Features hardwood floors, updated windows, shingles ('06), furnace ('03), garage door & opener ('08), 2 fireplaces, walkout from lower level, 20' x 22' garage.

GRImSBY

234,900 42 Diana

Situated on spacious treed lot on quiet cul-desac, beautiful gleaming hardwood in bedrm, sun filled living room with floor to ceiling bay window, fin’d bsmt w/full bath & spare bedrm. Fenced yard. Close to schools, parks & quick access to QEW.

11 acreS

BeamSvILLe $459,900 4276 Maple Grove Road

SmITHvILLe $279,900 16 Lindan Street

Raised ranch on 11 acres, built in 1993, finished in-law apartment with walk out, spacious kitchen with plenty of counter space, shingles one yr, furnace 3 yrs, well maintained home in the heart of wine country.

Prestigious 2 storey built in ‘06 on fantastic size lot, features spacious kit w/granite counters & breakfast bar, beautiful hardwood throughout, a sun-filled living room, large bedrooms, ensuite privilege off master, main floor family room, walk out from bsmt to fenced yard.

Call Today 905-945-0188

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The GOLFI TEAM Real Estate Market Watch

January 17, 2011

Commercial Rob Golfi* NeW prIce

BeamSvILLe $1,199,900 4485 King Street

BeamSvILLe $499,900 5532 King Street

BeamSvILLe $249,900 4993 King Street

STONeY CReek $349,900 19 King Street

Over 700 ft of frontage on Niagara's busiest wine route. 26.6 Prestigious acres on the lower bench with over a 20ft fall from front to back of property. Property consists of a large barn with 2 cold storages, heated workshop and parking area. 3 residential detached homes on property.

Zoned light industrial, consists of building plus 4 Bedroom century home sitting on approx 3 acres located on Regional Rd 81 on wine route, with good traffic. Property has 6000 sq.ft steel frame building on concrete slab with 2 washrooms, 220 volts.

Downtown core storefront with large window, front and back entrances can suit 2 businesses or 1 large one. Rear parking and municipal lot. New furnace, 2pc bath. 1800 sq ft of business space with GC zoning, plus 2 bedroom apartment on upper level.

Location, Location this 2.5 Storey commercial building w/high traffic & visual exposure zoned CA-1 permits 29 uses, ideal for doctors, lawyers, accountants, mortgage, real estate office. Approx 1,335 sq.ft. on main flr, plus 1,500 sq.ft apartment on 2nd & 3rd flr, plenty of parking.

Free Down Payment What is a Free Down Payment Mortgage Program? First time homebuyers and those who do not have sufficient down payment for their home purchase are eligible for a free down payment mortgage program. Fixed rate closed terms mortgage with a 5 year term. How do I benefit from this mortgage program? Don't wait to save up your 5% down payment before purchasing a home. You can purchase now without a down payment. How does this mortgage program work? The lending institution provides a down payment equal to 5% of the property lending value. They will advance these funds directly to the solicitor on the closing date.

What are the limitations? A minmum beacon score (credit score) of 650 is required. This program applies only to owner occupied single family or duplex units. Are there any extra fees? The mortgage default insurance premium is 2.90% of the mortgage amount instead of the standard 2.75% with 5% down payment from your own resources. Client pays the full posted interest rate for the 5 year term rather than the discounted rate. For more information on the Free Down Payment Mortgage Program and how it could help you buy your home sooner, please contact the Golfi Team at 905-575-7700.

Roll your Home Improvment Costs into your Mortgage What is a Purchase Plus Improvements Mortgage Program? This mortgage program allows homebuyers with 5% down payment to finance improvements to their newly purchased property immediately after taking possession without requiring a separate loan or line of credit. How do I benefit from this mortgage program? Find your dream home sooner. Make custom renovations and upgrades to make your hone just right for you. Enjoy the convenience of having one mortgage payment and not a mortgage payment plus a loan or line of credit payment for the renovations. Benefit from lower interest rates. How does this mortgage program work? During the buying process you will obtain a quote from each contractor for the cost of the specific renovations. Your mortgage amount and mortgage default insurance premium is based on the "as improved" value of the property. Your 5% down payment is based on the "as improved" value rather than the initial purchase price. The entire mortgage proceeds including the cost of the renovations are advanced to the solicitor. The solicitor holds back the cost of the reno-

vations. Once the renovations are complete, the mortgage advisor will order an inspection from a residential appraiser. The appraiser confirms the renovations are complete. The solicitor is then advised to release the held back funds. The solicitor gives you a draft for the amount you financed for the renovations. Down Payments Example: Purchase Price = $200,000 / Renovation Cost = $20,000. New As Improved Value = $220,000. 5% down payment based on As Improved Value = $11,000 instead of $10,000 which is based on $200,000 purchase price. What are the limitations? 20% of the initial purchase price or $40,000 as long as the renovations increase the value of the home. Any additional costs will be reviewed on a case by case basis. Are there any extra fees? The inspection to confirm the renovations are complete cost $150 - $200. All rates and insurance premiums are exactly the same as a standard purchase with 5% down payment. For more information on the Purchase Plus Improvements Mortgage Program and how it could help you buy your home sooner, please contact the Golfi Team at 905-575-7700. -

Title Fraud Real estate fraud has two components: mortgage fraud and title fraud. Title fraud generally hurts individual homeowners. It often involves fraudsters using stolen identity or forged documents to transfer a registered owner's title to himself or herself, securing a mortgage on the property and then disappearing with the mortgage proceeds. There is a perception that there is an epidemic of title fraud in Ontario. This is not the case. The incidence of title fraud is, in fact, relatively low about 10 cases out of 2.2 million real estate transactions per year. But even one case is too many, which is why a number of steps have been taken to minimize the risk of title fraud. To address the issue of title fraud, the Ontario government recently passed the Ministry of Government Services Consumer Protection and Service Modernization Act, 2006. This legislation amended the province's land registration laws to: • Ensure that a homeowner will not lose their property due to the registration of a falsified mortgage, fraudulent sale or counterfeit power of attorney. The changed laws will ensure that an innocent homeowner will not have their home stolen from under them. • Improve the government's ability to return title to the rightful owner in the event of fraud. • Create an expedited process for the Land Titles Assurance Fund. The ministry is now able to make earlier payments to innocent individual homeowners or purchasers of a home who have suffered a loss in a clear case of fraud. As long as there is no court proceeding and both the victim and his/her lawyer are cooperative, the ministry will ensure that title is returned and a decision is made within 90 days. • Ensure fraudsters do not have access to the system. The Director of Titles will have additional powers to suspend or revoke an individual's access to the electronic registration system. • Dramatically increase existing fines for real estate-related

offences to $50,000 from $1,000. Based on discussions with the real estate fraud working group, which is made up of industry professionals, the government is also: • Introducing new rules on who can register documents (e.g. the transfer of a home from one owner to another and/or the addition of a mortgage to title) on the electronic land registration system. Tightening the system by limiting who can register documents will further decrease the risk of fraud by ensuring registrants are certified, professional and responsible. • Strengthening the current standards for dealing with powers of attorney. Whenever an individual uses a power of attorney to register a document, a lawyer will be required to discuss it with their clients and provide a statement to that effect. Title fraud is limited in comparison to the number of real estate transactions that occur every year. However, even one case is unacceptable, and this is an important issue for Ontarians. These new measures are a significant step forward, but ongoing work needs to occur to ensure that we stay one step ahead of fraudsters. It will take the ongoing efforts of all players - including government, law enforcement, lawyers, lenders, real estate agents, mortgage insurers and industry associations - to fully address this issue and protect homeowners.

CONSUMER TIP You may wish to consider title insurance as an additional means of protecting interest in a property. In fact, many mortgage companies require you to purchase title insurance. To find out more about title insurance, speak to your real estate broker or salesperson or discuss it with your lawyer. Content provided courtesy of the Ministry of Consumer Services

Call Today 905-945-0188

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Hamilton & Stoney Creek Rob Golfi* JUST LISTeD

D SOL ER TH ANO NE O

HamILTON mOUNTaIN $210,000 98 David Lane

STONeY CReek $219,900 503 Highway #8, Unit 19

Incredible value in this 3+2 bedroom, brick bungalow, featuring a finished rec-room, hardwood under Berber carpet, mostly vinyl windows, furnace & central air updated 2002, long concrete drive, close to busses and shopping.

Located in secluded complex w/plenty of visitor parking. Sunken LR w/gas FP, gorgeous hardwood flrs. Bright fully finished basement. Attached only at garage, close to all amenities & easy hwy access.

HamILTON CeNTRaL $379,900 46 Edgemont Street South

eaST HamILTON $324,900 19 Renis Court

Classic 3+1 bedrm home, kit w/plenty of cabinets, elegant dining rm, master bdrm w/gas fireplace, lrg walk in closet, skylights & ensuite w/whirlpool tub, prof. finâ&#x20AC;&#x2122;d basement, located in a very quiet exclusive neighbourhood.

Nestled on top of cul-de-sac on private pie shaped lot, window lined back of home for incredible back yard views, spacious kitchen with island & bay window, fully finished basement, updated shingles, quick access to Red Hill and close buses and shopping.

JUST LISTeD

WeST HamILTON $299,900 82 Bowman Street

mOUNT HOpe $252,000 59 Critzia Drive, Unit 312

STONeY CReek mTN $309,900 36 Hillcroft Drive

eaST HamILTON $169,900 37 Strathearne Ave.

Great investment -- walk to McMaster, updates include new furnace (07), new shingles (02), hardwood floors, all new appliances, new driveway, carpet, ceramic floors in kitchen. rental income $1750/month, tenants pay utilities!

Condo in Twenty Place. Features 2 bedrooms, hardwood, ceramics, Califormia Shutters, 2 walkouts to outdoor covered balcony. Donâ&#x20AC;&#x2122;t miss out! Access to Clubhouse with pool, whirlpool, gym, tennis courts, underground parking & large storage locker.

Charming 8 yr old, all brick, 5 level backsplit. This home is finished top to bottom & features kitchen overlooking family room w/showcase fireplace, leading to backyard concrete patio & fence yard, finished basement w/rec-room, & 2 full baths.

Charming one floor bungalow, beautiful gleaming hardwood floors, finished basement with 3 pc bath, concrete drive and patio, oversized detached garage, fridge, stove, washer & dryer included, close to bus route and shopping.

Scan this code to view more info on our listings! Go to www.4qr.ca on your mobile phone to download your free scanner. Text "GOLFI" to 123411 to view our listings on your mobile phone.

HamILTON eaST $164,900 119 Fairfield Avenue 3+1 bdrm home w/a side drive, garage, & screened in back porch, includes hrdwd flrs, bright white kit, freshly painted, LR & a great flr plan. Dry basement, Weeping tiles installed 9 yrs ago. Close to all amenities. Come see!

Golfi Team has Maximum Internet Exposure to Get Your Home SOLD!

The

Call today!

905-575-7700

WINONa $359,900 328 Winona Road Easy access to the QEW, shopping,and schools. Large kitchen with island & granite counters. Vaulted ceilings, pot lighting, california shutters. Inside garage entry with main floor laundry. Fully fenced back yard. Large master, his/her closets & ensuite with corner soaker tub.

D SOL ER TH ANO NE O STONeY CReek $339,900 11 Creaona Blvd.

HamILTON eaST $219,900 19 Scotia Avenue

STONeY CReek $264,900 24 Puritan Court

eaST HamILTON $284,900 85 Bow Valley Drive

Features hardwood floors through out most of home, great room with gas fireplace and vaulted ceilings, professionally finished basement, landscaped with fenced yard, concrete double drive with garage!

Renovated in Rosedale! New kitchen w/crown mouldng, unique backsplash, breakfast bar & blt-in wine rack. New hardwd & furnace, 3 bedrooms, 2 bathrooms, 200 amp, in-law potential, concrete drive, huge lot! Near parks, schools, golf course & escarpment stairs.

2 Storey all brick home with in-law set up in basement with separate entrance, hardwood in living/dining rooms & family room, beautiful oak kitchen cabinets, large fenced yard with patterned concrete patio, mostly vinyl windows, shingles are 5 yrs new.

Immaculate 3 bedroom with fully finished basement. Spacious living room and dining room. Eat-in kitchen has been updated and boasts ample counter space and cupboards. Updated vinyl windows, concrete drive and patio in fenced yard.

D SOL ER TH ANO NE O HamILTON eaST $167,900 43 Blair Avenue

STONeY CReek $439,900 46 Second Road West

BINBROOk $379,900 218 Tanglewood Drive

STONeY CReek mTN $229,900 50 John Murray Street

Large lot, fully fenced yard & parking for 5! Shingles 2009, fence 2007, Vinyl windows, hrdwd flrs, updated kitchen, renovated bath, finished rec room. Beautiful bay window off dining room. All appliances included. Quiet east end location near the Red Hill Pkwy.

Oh my gosh, best value for this great 5 bedroom, 5 level back split, sitting 100 x 152 ft lot. Everything is done -- all you have to do is move in. Features gorgeous hardwood floors, beautiful Florida room, showcase fireplace, perfect for growing family, fantastic location close to all amenities.

Quality built 2400 sq ft. Located in Jackson Heights, in the heart of Binbrook, this 4 bdrm, 2 storey home has many upgrades. Hardwd floors in family room & dining room, solid maple staircase. Upgraded ceramics, kitchen & backsplash, cove mouldings, painted in decorator colours, upgraded light fixtures.

This beautiful 3 bedroom bungalow is situated on a spacious lot. Features include in-ground pool, oak kitchen, rec room, second full bathroom w/whirlpool tub & a sunroom addition w/skylights. Shingles & funance fairly updated.

Call Today 905-575-7700

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January 17, 2011

Residential values expected to climb further in 2011 as housing sales stabilize in most major centres, says RE/MAX Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada

lthough improved economic fundamentals will have a positive impact on Canadian housing markets moving forward, the forecast for residential real estate sales remains static in most major centres in 2011, according to a report released today by RE/MAX. The RE/MAX Housing Market Outlook 2011, examining trends and developments in 26 major centres across the country, found that homebuying activity in 2010 fell short of 2009 levels. Housing values, however, continued to climb, with virtually all areas reporting an upswing in average price, ranging from just under one per cent to 15 per cent this year. Lower inventory levels in many markets offset the effects of diminished demand, propping-up price in almost every instance. KitchenerWaterloo, Quebec City, and St. John’s saw the greatest increases in average price this year, while Eastern Canadian markets including Hamilton-Burlington, Sudbury, Windsor, Moncton and Prince Edward Island were the only markets that bucked the downward trending in home sales in 2010. By year-end, approximately 441,000 homes are expected to change hands nationally, a five per cent decline from the 465,251 sales reported in 2009. Housing values are forecast to continue to climb, up an estimated seven per cent to $340,000, compared with $320,333 one year earlier. “In terms of resale housing activity, what many are talking about as the new normal is actually a return to the traditional real estate cycle,” says Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada. “The past decade was truly unprecedented—never before have we experienced a run up that was as strong or

lasted as long. As we have digressed from the typical pattern, people have forgotten what the usual healthy cycle looks like, but all the hallmarks are there. Ample inventory levels, steady demand, and moderate growth, both in terms of sales and prices, will characterize the market in 2011. While the pace may appear lackluster in comparison to what we’ve grown accustomed to, it underscores the principles of real estate 101: The market is cyclical. All boats rise and fall with the tide.” Greater stability is expected to characterize the markets in 2011, with Canadian housing sales predicted to mirror 2010 levels at 441,000 next year, while average price is forecast to escalate three per cent to $350,000 by year-end 2011. “Looking forward, we see steady improvement in provincial and local economies—which will bode well for housing markets across the board,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “The relentless drive in the market reminiscent of years past will be gone and instead, we can expect to see more normal, balanced market conditions, with buyers maintaining a slight edge.” Markets in British Columbia are forecast to lead the country in terms of percentage increases in sales activity next year, with Greater Vancouver expected to climb 10 per cent, followed by Victoria at eight per cent and Kelowna at six per cent. After a prolonged period of economic hardship, Windsor is once again on track for growth, with residential home sales predicted to climb five per cent. Almost all markets are reporting an anticipated increase in housing values next year, with St. John’s in Newfoundland-Labrador in front with an estimated eight per cent hike in

average price in 2011. The value of homes in Greater Vancouver, Kelowna, Regina, Saskatoon, London-St. Thomas, Ottawa, Sudbury and Greater Montreal is also predicted to climb five per cent. “Low interest rates and improving consumer confidence levels should stimulate home-buying activity at all price points next year,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec. “Overall gains will be more muted— a welcome reprieve for purchasers. 2011 will be a year that will see more widespread recovery across a broader array of economic sectors, setting the stage for a better 2012.” In the meantime, a number of factors will continue to support sustained sales and price growth in the months and years ahead: • Land scarcity, intensification, urban renewal, infill and renovation will continue to drive up values—regardless of supply and demand—in major metropolitan areas. The Canadian housing stock is ever-evolving, particularly in the central core of each city. With average price pushing closer to or well past the $300,000 mark in the vast majority of major centres, and affordability of single-family homes diminishing, the demand for attainable product will rise in tandem, bolstering the growing condominium segment in the years ahead. • The upper-end of the market continues to be a strong indication of the overall health of Canada’s housing sector. Typically the first segment to soften in a downturn, luxury homes posted record sales activity in 2010, and demand is expected to remain solid in 2011. Strong sales in the high-end will continue to prop up average prices.

• Immigration will remain a serious force stimulating demand, particularly given the penchant for homeownership among today’s new Canadians. While the formation of new households used to take an average of five years, a growing number of newcomers arrive skilled, financially secure, and ready to make their home-buying moves. It is estimated that Canada will average 250,000 new immigrants annually. • In the year ahead, federal, provincial and local stimulus in the form of continued infrastructure spending and capital projects will be a considerable boon to economic stability and employment, providing consumers the confidence to move forward with real estate purchases. • Volatility in the money markets will continue to drive buyers to the tangibility of homeownership, both as a reliable long-term investment and a form of shelter, particularly given low vacancy rates and a lack of new rental construction in a number of major centres. RE/MAX is Canada’s leader with over 18,000 sales associates situated throughout its more than 690 independently-owned and operated offices in Canada. The RE/MAX network, now in its 37th year, is a global real estate system operating in 80 countries, with over 6,300 independently-owned offices and over 92,000 member sales associates. RE/MAX realtors lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, and asset management. For more information, visit: www.remax.ca. by Christine Martysiewicz RE/MAX Ontario-Atlantic Canada

Home evaluation No Cost or Obligation

Call Rob Golfi today! Rob Golfi, Sales Representative

905-945-0188 / 905-575-7700

Call Today 905-945-0188

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Competing Offers

n certain market conditions, consumers may find that more than one buyer is interested in a property. This is a competing offer situation and creates unique conditions in a real estate transaction. Both sellers and buyers need to consider how to respond when presented with a competing offer situation. Working closely with your real estate broker or salesperson will ensure that you understand the process. In Ontario, the seller's real estate broker or salesperson is required to disclose the number of competing offers to all buyers who have submitted a written offer. However, the terms and conditions of each offer are confidential to the seller and their broker or salesperson.

Working with a real estate broker or salesperson

The seller's real estate broker or salesperson represents the interests of the seller in the transaction. The decisions about how offers are presented and responded to, as well as which

offer is accepted, are made by the seller. The buyer's real estate broker or salesperson represents the interests of the buyer in the transaction. The buyer makes the final decisions related to their offer, including the important decision of whether or not they want to participate in a competing offer situation. In some situations, the real estate broker or salesperson will represent the interests of both seller and buyer or multiple buyers. Consumers should seek guidance from their real estate broker or salesperson if this situation arises.

Tips for Buyers In a competing offer situation, buyers may be tempted to offer more for the property than they planned to and/or remove conditions from offers that are intended to protect them. Before participating in a competing offer situation, buyers should consider factors such as:

Offer Price How much can the buyer afford to offer for the property and how much is the property worth? A high offer could enhance the buyer's chance of success. However, it may not be the best long-term financial decision for the buyer. A competing offer situation does not necessarily mean that a property will sell for more than the asking price. Similarly, an offer that meets or exceeds the asking price will not guarantee that a buyer's offer is accepted. Financing Buyers should be aware that prequalifying for a mortgage does not safely eliminate the need for a financing condition in an offer. Home Inspection In competing offer situations, it can be tempting not to include a clause in an offer that makes it conditional on a home inspection. While your offer might be more acceptable to the seller, you may later learn that there are property defects, required repairs or needed upgrades that you weren't aware of. In some cases, this

How to Spot a Marijuana Grow House

hen you go house hunting you should be looking for more than "For Sale" signs. Other signs you should be alert to are indications the house you are considering may have been a former grow op. With so much at stake, take advantage of the experience and knowledge of a registered real estate broker or salesperson. Brokers and salespersons are obligated to disclose any material fact about a property or its history they are aware of that could affect a person's decision to buy. A broker or salesperson may also be able to provide you with a Seller Property Information Statement if one exists. Grow ops can be hard to spot after an operation has been dismantled, particularly if the house's grow-op history is several buyers in the past. Mould especially can be difficult to detect. They may look like any other home on the surface, but grow ops undergo a number of renovations. Although they usually require extensive repair, former grow houses are just as likely to be given only cosmetic alterations to hide the real damage before being put up for sale. You should give serious consideration to having a home inspected to reduce the possibility of buying a home that has been cosmetically renovated. In some circumstances, you may also want to consider having a profes-

sional engineer check for possible structural damage. In addition to working with a professional home inspector, you can also look for these "Top Ten" signs that a home may have been used as a grow op: • Mould in corners where the walls and ceilings meet • Unusual number of roof vents or signs of roof vents • Fresh paint on window frames to cover damage caused by the high levels of humidity • Painted concrete floors in the basement with circular marks where pots once stood • Evidence of tampering with the electric meter (damaged or broken seals) or the ground around it • Unusual or modified wiring on the exterior of the house • Brownish stains on the underside of beams or arches that bleed down a wall • Concrete masonry patches, or alterations on the inside of the garage • Patterns of screw holes on the walls • Fire place alterations • Denting on front doors (from police ramming the door) If you suspect that a property is being used as a grow-op, you should contact your local police department or call Crime Stoppers. Please note that the "top ten" signs listed above are only some of the signs that a property has been used as a grow op.

can be expensive in the short or longterm. Foregoing a home inspection is a significant risk that a buyer needs to carefully consider.

Tips for Sellers A seller facing competing offers has to consider how they want to deal with the situation. The seller can decide to: accept the best offer; negotiate with one buyer and reject all other offers; negotiate with one buyer and advise other buyers that their offers are being set aside while the seller negotiates; or reject all offers. Even in a competing offer situation, buyers have other options and may choose not to continue to participate. A seller may attempt to negotiate only to find out that it was the best offer the buyer could present. In the meantime, other buyers have found new properties they are interested in. The seller's real estate broker or salesperson can provide advice and guidance, ensuring that the obligations and the options available are understood.

Home Staging… A Must in Today’s Competitive Market by: Sheri Gamble Details Event Coordination Inc.

he old saying that you only get one chance to make a good first impression, certainly rings true for home owners showing their homes in today’s competitive market. Creating a positive, pleasing first impression is the key to selling your home. Studies have shown that most buyers make a decision about a house within 15 seconds of walking in the door. Staging is beyond decorating and cleaning. It’s about creating the perfect atmosphere and environment for the new homeowners. Staging makes your house look warmer, brighter, more spacious, well cared for and best of all, home owners feel welcomed and can picture themselves living in the space. Many techniques are executed when staging a property. De-cluttering, depersonalizing, updating décor, rearranging furniture and accessories, a fresh coat of paint are just some of the changes used to showcase a home to full potential. Renovations can often boost a home’s value but sometimes too

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much of a unique style can be detrimental when it’s time to sell. Home stagers ultimately know and understand the improvements needed in order to market the home most efficiently. Due to the popularity of home makeover television programs, consumers are more familiar with interior design trends and average Canadians now expect more when shopping for a new house. Home staging, is the best way to make a dramatic impact without having to spend a lot of money. Often the additional gain far outweighs the costing of staging. With the spring market quickly approaching, you may want to consider getting your home in tiptop shape and ready to sell. Details Event Coordination is ready to help. Sheri Gamble is a Home Stager and Event Planner with Details Event Coordination and can be reached at 905-632-2602 or via email at sheri@detailseventco.com. Or visit their website at www.detailseventco.com. -

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1-289-566-9528

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The bi-weekly P.I. payment, based on 5% down, and a purchase price of $228,000 works out to $864 MONTHLY, (based on 5 year term, 35 year amortization)