MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 1
July 1, 2011 - Vol 29
P R E S E N T E D
B Y
T H E
G O L F I
T E A M
Have a Great Summer!
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 Sales Representative
www.GolfiTeam.com 905-575-7700 or 905-945-0188
Bonnie Spurrell Sales Representative
MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 2
Page 2
The GOLFI TEAM Real Estate Market Watch
About Rob Golfi
S
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
am mails e T i lf o G e h T
65,000 ly! atch month
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 9
8
1
July 1, 2011
ar ketW M e h t f o s copie to expose y a w r e t t e b There is no mar ket! e h t o t e m o your h
More Buyers… More Offers… MORE MONEY $$$ Ask us How! Exposure to GTA & Out of To wn Buyer s!
7
5 3
1 5
5
4 2
3
1
7
6 5
2
3 6
5
7 1
4 9
9
6
Maximum Exposure Sells Your Home Call the Golfi Team to get
8 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.
your Home Sold
905-945-0188 www.golfiteam.com The GOLFI TEAM is ranked in the Top 100 Re/Max Teams in Canada.
www. GolfiTeam .com
8
9
3
2
7
6
4
7
9
3
1
5
2
8
6
1
5
4
5 4 1 2 6 8 3 7 9
6 7 5 8 1 4 9 2 3
4 9 8 3 7 2 6 5 1
3 1 2 6 5 9 7 4 8
2 5 4 9 8 7 1 3 6
7 6 9 1 4 3 5 8 2
1 8 3 5 2 6 4 9 7
MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 3
July 1, 2011
The GOLFI TEAM Real Estate Market Watch
Page 3
Grimsby, Lincoln & West Lincoln Area
Rob Golfi*
BUNGALOW
WesT liNCOlN $324,999 7574 #20 Highway 2+1 bedroom fully reno’d with modern kitchen, cherry cabinets, ceramic, cathedral ceilings & family room. Sepaate living & dining room, carpeting in principal rooms. Bathroom has whirlpool tub. Fully finished basement '06 w/rec room, kitchen, bedroom & laundry. New roof '04, furnace '03.
WesT liNCOlN $328,500 9407 Silver Street
Beamsville $241,900 5120 Conner Drive
Beamsville $236,000 5126 Conner Drive
Amazing updated home on 100 x 200 ft lot, built in 1953, has an open concept living room/dining room with hardwood floors, huge master suite, New high efficiency gas furnance/CA, updated main bath, entry doors, & water conditioner. Bonus room over the garage.
Fabulous end unit freehold Bungalow 1,110 sqft! 90 day closing avail. Come & visit our model home & be wowed on this Energy Guide & Tested Home. Incl great size bedroomss w/3 pc ensuite off master, kitchen area overlooking family rm, attached to next unit only at garage.
2 storey freehold town home 1386 sq ft. Similar to be built. 90 day closing avail. Incl. great sized Bedrooms w/3pc ensuite & walk in closet off master, kit w/breakfast area overlooking famrm, attached to neighbouring unit at garage w/access from garage to rear yard, & min to all amenities.
WATERFRONT
ESCARPMENT
GrimsBy $1,150,000 238 North Service Road
GrimsBy $269,900 17-163 Livingston Avenue
Beamsville $399,900 5158 King Street West
Custom built 2-storey waterfront property with stunning Lakeviews! Gorgeous hardwood floors, master bedroom with walk out to balcony & gas fireplace w/rich hotel style ensuite, soaring 10ft ceilings, large designer kitchen w/granite, great big windows. Shows like a dream.
Beautiful 7 yrs new well kept end unit shows like a dream! Features gorgeous hardwd floors in living room w/3-sided gas fireplace, gourmet kitchen w/maple cabinetry & breakfast bar. Master bedrm w/ensuite, finished rec-rm w/2 pc bath, fenced yard, close to amenities.
Beautiful century home w/original woodwork, large sun filled porch, country style kitchen, inlaw apartment in basement, finished loft w/bathroom, mostly updated vinyl windows, furnace ’05, private landscaped backyard, & oversized 2 car garage, plus more.
GrimsBy
$749,900 177 Ridge Road
5.19 acres nestled onto the Niagara Escarpment, completely redone top to bottom, inside and out, slate & hardwd flring, new designer kitchen with stylish appliances, in flr heating in bathrm, 70 pot lights, patterned concrete porch w/exterior fireplace.
WATERVIEW
smiThville $349,900 22 Cherry Ave
GrimsBy $269,900 446 Main Street West
4+1 Bedroom 2008 home, 2.5 baths with an incredible floor plan & boasts pride of ownership, great room w/showcase fireplace & cathederal ceilings, large country kitchen with lots of cupboards & counter space, & a beautiful family neighbourhood. Well worth seeing!
Fabulous ½ acre property backs onto green space. 4 bedrm home & 25x35' oversized garage/workshop, affordable enough to build new or renovate. This home offers new shingles & furnace ‘03, beautiful cast iron fireplace, lots of parking space, and easy access to QEW.
GrimsBy
$599,900 88 Lake Street
Beamsville $339,900 4846 Northgate Crescent
Incredible 2300 sqft home faces Nelles Beach & Lake Ontario. This updated home features a new maple kitchen, granite, travertine tiles, hardwd & bamboo floors, updated bathrms w/designer tiles, family room with fireplace, shingles ‘05, new eaves & facia ’10, furnace & Central air ’07.
This 2007 home offers 2050 sqft of Beauty. Features 3 lrg BRs, 2.5 baths, computer loft, oak staircase, Master bedrm w/double walk in closets, luxury ensuite w/soaker tub & separate shower, california shutters throughout, great room w/hrdwd floors & gas fireplace, & quick access to QEW.
WATERFRONT
GrimsBy $219,900 24 Kenyon Cres., Unit 43
GrimsBy $309,900 35 Victoria Terrace
Beamsville $319,900 5123 Crimson King Way
Beamsville $339,900 4092 Mountain Street
BEAUTIFUL END UNIT! 2 bedroom bungalow only 7yrs old. Hrdwd,ceramic flrs & backsplash in eat-in kitchen, laundry hook-up on main level & professionally finished bsmt w/full 2nd bthrm. Quiet sought after complex w/quick access to the QEW & new YMCA.
Waterfront with total privacy including pebble beach. Lots of potential & character! Ideal for someone to renovate or tear down for new home. This home includes bright sunroom w/original tall french doors, living room w/high ceilings & gas fireplace, & vacant lot ideal for an addition.
Fantastic value in this 4 bedrm 2 storey home located in quiet neighbourhood, features spacious eat in kitchen with island, dinette with sliding doors leading to private deck and fence yard. Sunken family rm, partially finished basement. Maintenance free front yard.
Want quality, this house is for you! This one flr plan incl. $20,000 in extras, California knock down ceilings, rounded corners, 120 sq.ft. of hrdwd flrs, upgraded trim package, maple kit, asphalt drv & much more! Approx 1445 sq.ft. similar to be built.
WATERFRONT
WATERFRONT
GrimsBy $749,900 2 Seventh Street
GrimsBy $234,900 111 Willow Lane
Beamsville $649,900 5225 Greenlane
Custom built 5yrs new home, with 125 ft of Ledgerock shore protection and walkdown to waterfront. Beautiful kitchen with granite counters and built-in stainless steel appliances, pine plank floors, 4 levels of decking, facing the lake. Fully finished basement. Truly a dream!
END UNIT TOWNHOUSE! 2 BR Losani built townhouse w/ceramics & upgraded carpet. This home offers great views of the escarpment & an open concept floor plan. Garage has inside entry into basement & basement has walk out to backyard.
Hobby farm, 3.27 accre immaculate apple farm could earn $30-$45,000 per year. Close to all conveniences. Home features oak trim, 2 fireplaces, underground sprinkler system, 2 large coolers, sandy soil, close to QEW. Great opportunity!
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!
MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 4
Page 4
The GOLFI TEAM Real Estate Market Watch
July 1, 2011
Facts About GOLFI Over 50 Million in Sales Annually** #1 Real Estate Office in Hamilton-Burlington Region* Top Sales Representative in Ontario* Golfi Team ranked Top 50 in Canada for
**
Golfi Team ranked Top 100 in the world for
**
1998
2003
2003
2006
2010
OVER 400 MILLION IN REAL ESTATE SALES
D SOL
AYS D 7 3 N I
D SOL
AYS D 8 2 N I
T
LIS F O % R 98 O F SOLD
DAYS 4 3 IN
FOR D SOL
IST L OF % 0 10
GrimsBy $319,900 22 Farrell Drive
Beamsville $289,900 5065 Silverbirch Lane
smiThville $249,900 30 Anderson Crescent
Beamsville $329,900 4052 Hixon Street
Charming 3+1 family home in Grimsby. Spacious family room, hardwood floors, finished basement w/plenty of storage, hobby room, main floor laundry, central vac, garage door opener, newer roof, updated bathrooms, & alarm system $20 a month. Close to amenities.
Beautiful 3+2 raised ranch! Open concept kitchen, dining and living room. Kitchen with granite counters, fully finished basement with inlaw set up, large deck with a fully fenced yard and interlock patio. A Must see!
Quiet location. Fantastic 1 storey home awaits you. Step inside to a 3 bed home with updated ceramic flooring, roof, lighting, kitchen countertop. Lower level is an entertainer’s dream w/ games room and rec room. All appliances are included and quick closing available.
3+1 bedroom bungalow with oversized double car garage. Hardwood floors, cathedral ceilings in living/dining room, large bright kitchen overlooking landscaped backyard, beautifully finished basement with full bathroom, bedroom, den and rec-rm with gas fireplace.
FOR D SOL
T LIS F O 98%
sTONey Creek $205,900 2-618 Barton Street Immaculate home shows like a dream! Beautiful decor, hrdwd & ceramics throughout, bright kit w/ceramic backsplash, in-law suite down stairs w/full bath & mini kit, master suite w/walk in closet & ensuite, updated windows & shingles.
OUR O DT SOL
Call The Golfi Team Today to get your home
SOLD!
ER Y U HB CAS
D SOL
T LIS F O 8% 9 FOR
sTONey Creek $424,900 739 Ridge Rd.
GrimsBy $219,900 22 Pleasant Grove
Extraordinary bungalow sitting on large lot w/incredible view of the city. Features oak kitchen cabinets w/bay window, sunken living rm w/fp, din rm w/hrdwd flring leading to resort style back yrd w/panoramic view, beautiful landscaping & newer shingles (’05).
Beautifully kept 2 storey freehold town house with open concept main floor, finished basement, newer flooring, 3 bedrooms with lots of closet space and 2 bathrooms. New carpet and recently redone 2nd bathroom. Large deck with 8 person hot tub and private back yard. shingles 2005, central air and central vacuum.
T
LIS F O % R 99 O F SOLD GrimsBy
T LIS F O % 9 9 OR F D SOL hamilTON $299,900 77 Ward Avenue Fabulous investment property with an easy walking distance to Mac! Features 6 bedrooms, 2 full bathrooms, and 2 kitchens. Appliances are included, and students pay for the utilities. Home is in fantastic condition and has been freshly painted and cleaned. 3 students want to come back for next school year.
DAYS 0 1 IN
$319,900 8 Marsdale Ave.
Spectacular raised ranch with 3+2 bedrooms. $20,000 in landscaping, patio & covered deck. Above ground salt water pool. Updated funace & central air in 04, all newer windows, pool liner, pump, bathrooms & flooring. Large kitchen, open concept living/dining room and large rec room with gas fireplace and office area.
D SOL
AYS D 6 IN 2
sTONey Creek $424,900 5 Riviera Ridge Lavish from top to bottom this 2 storey has it all, beautiful updated kitchen w/granite, gorgeous hardwood floors, updated bathroom w/custom shower & heated floors, finished basement w/stone work, family room w/cathedral ceilings, & professionally landscaped w/underground sprinkler system.
*#1 Brokerage in the Realtors Association of Hamilton Burlington MLS from 1994 to 2010 consecutively. **Year End Standings for 2010, based on residential commissions paid. Rankings are compiled from figures submitted by regional offices.
Call Today 905-945-0188
MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 5
July 1, 2011
The GOLFI TEAM Real Estate Market Watch
Page 5
Hamilton & Stoney Creek Rob Golfi*
hamilTON mTN $229,900 #1, 1809 Upper Wentworth St.
BiNBrOOk, ON $289,900 266 Fall Fair Way
hamilTON CeNTral $169,900 12 Arthur Avenue South
hamilTON CeNTral $212,900 29 Barnesdale Ave. South
WOW! Fantastic 2 storey condo townhouse. Open concept main floor living with hardwood. Bedroom level has large master suite w/dble closet, ensuite bath and 2 add'tl bedrms. Lower level has beautifully finished recrm & laundry rm
3 bedroom Branthaven townhome on premium corner lot in Binbrook Fairgrounds. Eat-in kitchen w/ceramics, hrdwd in LR/DR w/walkout to deck, beautifully landscaped yard, finished basemt w/soundproofed theatre room completely wired for enhanced surround sound. Just move in!
Fully renovated, 3+1 bedroom home or 2+1 w/extra main floor room for potential home office/daycare. 2 new bathrms, huge kitchen, updated shingles ('11), windows ('11), furnace & central air (under 5 yrs), 100 amp breakers, double rear drive, and fenced yard.
Beautiful large family home. Excellent possible income w/3rd floor, apartment ($550 Inc.) Complete w/steel fire escape & separate entrance. Quality vinyl windows, original hardwood, cement side drive for 3 cars. TLC will make this beauty shine!
sTONey Creek $269,900 131 Memorial Avenue
hamilTON mTN $176,900 606 Fennell Ave. East
easT hamilTON $159,900 196 Weir Street
hamilTON CeNTral $179,900 99 Lottridge Street
Updated 3 bedroom home in desirable location. Updates in last 3 yrs include kitchen, furnace/A/C, basement, pool liner, breakers, lighting, flooring (laminate, some carpet) garage door & more. Enjoy the pool in the backyard w/ a covered patio.
4 bedroom, 1-1/2 storey home with hardwood floors. Oversized single car garage. Needs some TLC. Great price, great location. Close to all amenities. Immediate possession available. Call us today at 905-575-7700.
Great starter home! This cute bungalow is nicely decorated, with an updated kitchen, newer windows, furnace, c/air and roof. Good sized kitchen, large deck from kitchen, and double parking in rear. Shows well, Act Now!
Recently updated family home near schools & Ivor Wynne Stadium. Updates Include: kitchen, both bathrooms, roof, furnace, a/c, eaves, rec room, 100 amp on breakers, windows, and ceramics. Original hardwood with chestnut inlay. All appliances included!
hamilTON mOuNTaiN $299,900 746 Limeridge Road East
hamilTON mOuNTaiN $243,900 22 Kenwood Crescent 3+1 bedroom all brick bungalow located near Huntington park area. Features include updated kitchen, bath, laminates and ceramics throughout, newer windows & doors, furnace ’10, eaves, sofit & facia ‘08, and a fully finished basement.
Call the Golfi Team today to Get Your Home easT hamilTON $279,900 85 Bow Valley
SOLD!
Immaculate 3 bedroom with fully finished basement. Spacious living room & dining room. Eat-in kitchen has been updated and boasts ample counter space & cupboards. Updated vinyl windows, concrete drive & patio in fenced yard.
905-575-7700
All brick 25 yr old 3 bedrm home located on a quiet street close to Limeridge mall, Linc & schools. Well maintained & updated: ensuite, walk-in closet, roof (June '11), most windows ('10), bathrm ('11), & C/A ('04), beautiful bay window & skylight ('04). Get inside!!!
easT hamilTON $159,900 119 Fairfield Avenue
easT hamilTON $134,000 40-2700 Barton Street East
easT hamilTON $474,900 24 Hildegard Drive
sTONey Creek $424,900 35 Riviera Ridge
3+1 bdrm home with side drive, garage, & screened in back porch, includes hardwood floors, bright white kitchen, freshly painted, living room & a great floor plan. Dry basement, Weeping tiles installed 9 yrs ago and new shingles in 2006. Close to all amenities.
Nice & bright end unit townhouse in prime area. Fronts Bow Valley. 3 bedroom, 2 storey, w/formal livingroom, bay window, ceramic floors in entrance, kitchen & bath., laminated floors in living & dining room & halls hardwd in bedrms. Close to amenities & schools.
Built on a quiet street w/open & inviting floor plan. Backs onto escarpment. Brazilian cherry hrdwd flrs, porcelain tiles, gas fireplace, oversized rooms, freshly painted, in-law set-up w/2nd kitchen & bath, mostly updated vinyl windows & doors, & upper level balcony.
4+1 bdrm in prestigious loc’n! Fresh paint & crown mouldings. Plus porcelain tile, kulm hrdwd, main flr. den, lrg eat-in kit, livin rm, sep. dining rm & main flr. laun. New shingles (08) & undergrnd sprinkler system.
sTONey Creek $239,900 78-485 Green Road 3 bedroom, 2 storey townhome features spacious master bedroom with ensuite & walk-in closet, hardwood floors in living room & dining room & gas fireplace. Property backs onto complex park with quick access to QEW. Available for immediate possession! Act now!
WATERFRONT LOT
WATERFRONT CONDO
sTONey Creek $289,900 136 Green Road
sTONey Creek $449,900 Windemere Road
sTONey Creek $249,900 1204-500 Green Road
Incredible home sitting on a beautiful treed lot, most updates in 2002, great big sunny bedrooms with master bedroom on main floor with ensuite, country style kitchen overlookd back yard, finished high & dry basement with 3pc bath, new furnace, concrete drive, Close to all amenities.
The property is private with a Muskoka feel! Park-like grounds. Substantial breakwall, multilevel decking and tremendous unobstructed waterfront views. Every season a postcard, check it out today and start packing!
Waterfront luxury unit, 3 BR condo with incredible views of Lake Ontario, approx 1400 sqft. 2 baths, insuite laundry, beautiful oak kitchen cabinets with ceramic floors, new furnace 2002, new carpeting, fabulous amenities.
Call Today 905-575-7700
MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 6
Page 6
The GOLFI TEAM Real Estate Market Watch
July 1, 2011
Commercial Property Rob Golfi*
D SOL ER TH ANO NE O Beamsville $259,900 4498 Ontario Street
Beamsville $1,199,900 4485 King Street
Beamsville $399,900 5532 King Street
Beamsville $235,000 4993 King 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.
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.
Home Staging: Is It Worth It? by: Sheri Gamble Details Event Coordination Inc.
P
rospective homebuyers make a decision 15 seconds within walking into your home as to whether or not they are interested in making an offer. First impressions are the biggest impressions. Home staging has become the secret weapon savvy real estate agents are using. While staging is certainly about decluttering, depersonalizing and rearranging the furniture, it also can include painting, carpeting, landscaping and redecorating. Regardless of the amount of staging you do, it can make a significant difference in how quickly and for how much your home sells. Home stagers will make your house appeal to the widest variety of homebuyers. Prospective buyers want to envision themselves living in the home. Stagers are experienced to know what looks best and will provide new and creative ideas for getting your home sold fast. They will provide you with honest information
Try a Fresh Coat Often overlooked for the dramatic effect it can have on any living environment, RE/MAX has learned that simple repainting of walls gives you a 29% return on the dollar over the average. Whether you go neutral with splashes of colour or warm and dramatic, trends for 2003 include a mix of strong colours, mixed with nature inspired neutrals -- energy colours like orange, aqua, sage and blue, along with neutral palates leaning toward bisque, fawn, gray and walnut.
about what needs to be done, changed or repaired. Stagers have many tricks! They can simply move a piece of furniture from one spot to another and create a totally different look and feel of the room. The stager understands why change is important and can provide “quick fix” recommendations. One impact piece of décor can totally transform a room into a fresh and inviting environment. Stagers will work within your budget to create the best “first impression” for prospective homebuyers. Make your wisest investment and call a home stager today! Sheri Gamble and Gwen Kennedy are Home Stagers and Event Planners with Details Event Coordination. They can be reached at 905.632.2602 or via email at sheri@detailseventco.com or gwen@detailseventco.com. Visit their website at www.detailseventco.com.
MenusOnly.com is an online restaurant menu guide connecting you with great restaurants in the Hamilton and Burlington areas. Browse through restaurant menus, view pictures of restaurant dining areas, patios, and menu items, and print local restaurant coupons all in one place. MenusOnly.com – a perfect dining experience starts here.
Home evaluation No Cost or Obligation
Call Rob Golfi today! Call Today 905-575-7700
MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 7
July 1, 2011
The GOLFI TEAM Real Estate Market Watch
Page 7
Stage is set for One of the Best Recreational Property Markets in Years, says RE/MAX Greater affordability, increased selection, and pent-up demand also key factors in 2011 season. Mississauga, ON (June 13, 2011) —Canada’s recreational property market is gaining serious traction as savvy purchasers take advantage of ideal conditions, setting the stage for what is expected to be the best market in recent years, according to a report released today by RE/MAX. The 2011 RE/MAX Recreational Property Report, examining sales and trends in 46 markets across the country, found that substantial equity gains and recovering stock portfolios in major centres have contributed to an upswing in demand from coast to coast. Demand rose in 78 per cent of markets, while sales were up or on par in 41 per cent of recreational centres. Inclement weather, including a late thaw and an abundance of precipitation, resulted in a slow start in many areas, but should be offset by stronger peak season activity. While starting prices have remained relatively stable across the board, there are deals to be had in virtually every region – especially at the top end. Luxury sales, as a result, have climbed in almost half of the markets examined. Inventory levels are healthy throughout the country, although there has been some tightening reported at entry-level price points in about onethird of markets. Some of the best selection of product in recent years is now available. “Buyers who held off during the recession are
back in recreational property markets from coast-tocoast,” says Pamela Alexander, CEO, RE/MAX Ontario-Atlantic Canada. “Their patience has been rewarded with more affordable recreational values and greater inventory levels. It’s the perfect storm, as ideal market conditions dovetail with wealth recovery.” The report also found that Americans are cashing out—especially in Ontario and Atlantic Canada. For many, the timing has never been better. The vast majority purchased in Canadian markets when the dollar fell to 65 cents. These sellers are now taking advantage of price appreciation and the currency exchange. In British Columbia, the recreational property report identified prices at or near bottom. Astute purchasers—many of whom were scooping up product south of the border—are starting to cherry pick in markets where oceanfront prices are down from peak, pre-recession levels. Softer values have driven up sales in Western Canada, with transactions up or on par in 58 per cent of markets, well ahead of the national average. “Opportunities that haven’t been seen in years are now presenting themselves, especially on the West Coast,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “Prices are down as much as 20 per cent from peak levels reported in 2006-2007, bringing ownership
within reach to many potential purchasers. The strengthening oil sector has also brought Albertans back into mix, driving demand for both local and coastal B.C. properties. 2011 could be the turning point.” In markets in Ontario, Quebec, and Atlantic Canada, the supply of recreational property has tightened considerably at the lower end, with potential price increases in store by year-end if momentum continues at the current pace. At present, 50 per cent of markets offer recreational product at $350,000 or less, including most Ontario markets, Atlantic Canada, the Laurentians and three markets in the West—Lake Winnipeg, Canmore and Harrison Lake. Yet, even greater value exists for those willing to compromise on lot, location or type of access, such as riverfront, view properties, condominiums, fractional ownership or boat access options. “With overall economic performance improving daily and consumer confidence rising, the resurgence of Canadian recreational property markets is a natural progression,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec. “An upswing in discretionary spending is once again drawing purchasers to what is, without question, an innate Canadian pastime.” The report noted that the composition of the country’s recreational destinations continues to
evolve. Fewer traditional cottages are available for sale than in years past. As the desire for the yearround lifestyle continues to drive renovation and new construction activity, these waterfront properties are disappearing from the landscape. Meanwhile, today’s average recreational getaways are truly earning the distinction as the “home away from home,” with many of the bells, whistles and comforts of their residential counterparts. The movement is challenging local municipalities to manage the delicate balance between regional growth and natural preservation—in some instances, changing recreational migration patterns in the process. RE/MAX is Canada’s leading real estate organization with over 18,500 sales associates situated throughout its more than 700 independentlyowned and operated offices in Canada. The RE/MAX network, now in its 38th year, is a global real estate system operating in 80 countries, with over 6,200 independently-owned offices and over 89,000 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.
RE/MAX RECREATIONAL PROPERTY REPORT 2011 STARTING PRICES FOR RECREATIONAL PROPERTIES1 Market NEWFOUNDLAND & LABRADOR: Newfoundland Coast (East)2 NEW BRUNSWICK: Shediac Bay2 NOVA SCOTIA: Sydney South Shore, Lunenburg2 PRINCE EDWARD ISLAND: South Shore/North Shore2 QUEBEC: Eastern Townships The Laurentians ONTARIO: Lanark Highlands Barry’s Bay/Combermere Bancroft/Coe Hill Apsley Kingston Prince Edward County West Kawarthas East Kawarthas North Kawarthas n/a Lake Simcoe/Lake Couchiching: Beaverton Lagoon City Innisfil to Oro Orillia Flesherton Georgian Bay: Wasaga Beach3 Midland/Penetang/Tiny/Tay Collingwood Honey Harbour/Port Severn Muskoka/Haliburton: Haliburton Huntsville, Lake of Bays Bracebridge, Gravenhurst Bala/Port Carling Parry Sound Elliot Lake Lake Huron: Sauble Beach/Bruce Peninsula Port Elgin/Southampton Grand Bend MANITOBA: Lake Winnipeg SASKATCHEWAN: Last Mountain Lake / Qu’Appelle Lakes ALBERTA: Sylvan Lake Canmore4 BRITISH COLUMBIA: Okanagan Valley: North Okanagan/Shuswap South Okanagan Fraser Valley: Cultus Lake Harrison Lake Vancouver Island: Tofino2 Ucluelet2 Comox Valley/Mt. Washington2 Whistler5 Gulf Islands: Salt Spring Island2
2008
2009
2010
2011
$95,000
$97,500
$105,000
$105,000
$200,000
$200,000
$230,000
$450,000 - $500,000
n/a $200,000
n/a $230,000
n/a $230,000 - $240,000
$279,000 $230,000 - $240,000
$250,000
$300,000
$300,000
$300,000 - $350,000
n/a n/a
n/a n/a
$450,000 $175,000
$450,000 $175,000
n/a n/a $225,000 n/a $179,900 $295,000 $410,000 - $450,000 $150,000 n/a
n/a n/a $260,000 $375,000 $250,000 - $270,000 $200,000 - $250,000 $400,000 $195,000 n/a
n/a $200,000 $235,000 $400,000 $290,000 $200,000 - $250,000 $400,000 $225,000 $250,000
$250,000 $300,000 $265,000 $389,000 $300,000 $300,000 $450,000 $300,000
$350,000 $300,000 $480,000 - $520,000 $425,000 $450,000
$300,000 $300,000 $500,000 $425,000 $400,000
$375,000 $300,000 $520,000 - $530,000 $430,000 $389,000
$300,000 $300,000 $520,000 - $530,000 $440,000 $400,000
$550,000 $600,000 $650,000 $400,000
$525,000 $500,000 $390,000 - $550,000 $400,000 - $425,000
$570,000 $550,000 $600,000 $450,000
$640,000 $500,000 - $600,000 $600,000 $450,000
$275,000 $299,000 $400,000 $500,000 - $550,000 $180,000 $225,000
$240,000 - $350,000 $300,000 $350,000 - $400,000 $450,000 $185,000 $225,000
$350,000 $300,000 $325,000 $450,000 $219,900 $215,000
$325,000 $300,000 $325,000 - $350,000 $500,000 - $550,000 $225,000 $215,000
n/a $500,000 $350,000
$350,000 $450,000 $400,000
$350,000 $450,000 $425,000
$350,000 $450,000 $475,000
$250,000
$300,000
$250,000
$280,000
$300,000
$300,000 - $350,000
$400,000
$400,000 - $500,000
$1,250,000 $320,000
$1,125,000 $295,000
$1,200,000 $270,000
$800,000 $229,000
$1,500,000 $1,000,000
$1,200,000 $800,000
$1,150,000 $800,000
$995,000 $800,000
$750,000 n/a
$450,000 n/a
$800,000 n/a
$800,000 - $1,000,000 $350,000 - $400,000
$869,000 $649,000 $480,000 - $800,000 n/a $1,300,000
$789,000 $555,000 $500,000 n/a $890,000
$875,000 $499,000 $475,000 $799,000 $750,000 - $800,000
$825,000 $529,000 $400,0004 - $700,000 $700,000 $669,000
Source: RE/MAX 1 Starting price for a three-bedroom, winterized recreational property on a standard-sized waterfront lot 4 Two-bedroom condominium 5 Mountain chalet
2
Oceanfront property
3
Beachfront property
www. GolfiTeam .com
MarketWatch July A_MarketWatch_Transfer.qxd 30/06/11 2:01 PM Page 8