Sept 2, 2014 Issue 101 by The Real Estate Market Watch

WHAT’S INSIDE: 6 Renovations You Should Never Do Yourself PAGE 6

HOMES FOR SALE Grimsby, Lincoln, West Lincoln & Niagara Listings PAGE 5

Waterfront | PAGE 3 Hamilton, Stoney Creek, Ancaster, Dundas & Glanbrook Listings PAGE 9

September 2, 2014 - Vol 68a

56 Pottruff Road South, Hamilton

Testimonial

Rob Golfi

I am very happy with the advice and expertise provided by the Golfi Team on our quick and efficient home sale! Mike certainly fulfilled our expectations and was professional and courteous throughout the process. I will recommend the Golfi Team to all my friends! Thanks so much! Brian Smith

Sales Representative

HOME EVALUATION NO COST • NO OBLIGATION

905-575-7700 • 905-945-0188

Page 2

The Golfi Team Real Estate Market Watch

September 2, 2014

about Rob Golfi

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.

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

where the future takes shape

Seniors Real Estate Specialist is a designation for RealtORS® to address the needs of home buyers and sellers, age 50-plus.

If you are buying or selling a home,

contact Rob Golfi today.

Rob Golfi SaleS RepReSe ntative

905-575-7700

visit www.Golfiteam.com 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

ROB GOLFI SaleS RepReSentative

www.GolfiTeam.com | 905.575.7700 | 1.800.288.9184 www. GolfiTeam .com

September 2, 2014

The Golfi Team Real Estate Market Watch

Page 3

Waterfront WATERFRONT

WATERFRONT

Docking Rights Available!

STOnEY CREEk

$774,900

63 Edgewater Drive 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.

FORT ERIE

$799,900

GRIMSBY

3723 Niagara River Parkway

1 11th Street

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!

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!

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

STOnEY CREEk

WATERFRONT

$737,000

37 Edgewater Drive WOW! The lakefront view is breathtaking! Newport Yacht club. 4 BRs, master w/ensuite, 2 way gas FP, & 9ft sliding door w/gorgeous view! Main flr is open concept w/hardwd flrs & FP in living rm, sliding doors to concrete deck inground lit path & fire pit at the lake’s edge. Fully finished basement! $2,944 per/mth P&I / O.A.C.

GRIMSBY

$1,669,900

GRIMSBY

hAMIlTOn EAST

$949,900

1083 Beach Boulevard

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

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

WATERFRONT

$899,900

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.

WATERFRONT

$955,000

hAMIlTOn EAST

$949,900

188 North Service Road

143 Lake Street

1085 Beach Boulevard

ONE ACRE GATED LAKEFRONT ESTATE - Features 4 bedrm home, w/fully-finished basement, 180 ft of armour rock shoreline protection. Everything has been updated from top to bottom in this magnificent show piece. Separate building can be a boat house or studio. view pictures on line.

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.

$6,665 per/mth P&I / O.A.C.

WATERFRONT

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

WATERFRONT

GET YOUR

HOME STOnEY CREEk

$589,900

90 Seabreeze Cres. WATERFRONT RETREAT 1900 sq.ft, 1-1/2 storey home with beautiful lake views. Features 4 bedrooms, 2-1/2 baths, vaulted ceilings, oak spiral staircase, professionally landscape yards. Call for a private viewing today! $2356 per/mth P&I / O.A.C.

SOLD CALL NOW!

905-575-7700

FORT ERIE

$849,900

STOnEY CREEk

$374,900

1645 Niagara Parkway

515 North Service Road, Unit #2

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!

LAKEFRONT! 2 Storey open concept end unit features 17 foot ceiling in living room, kitchen w/ granite/undermount lighting, walk-in pantry, 2 bedrooms on main level with full bathroom. Upper level master suite with ensuite. $335/mth condo fees

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

$1,497 per/mth P&I / O.A.C.

5 Things that can Go Wrong on Closing Day 1) Where is my privacy? A seller advertised the home as having large evergreens in the backyard, giving year round privacy. The sellers moved out a week before closing and gave their neighbour permission to trim the branches on the neighbour’s side of the fence. The neighbour proceeded to remove all the branches, taking away the entire privacy of the backyard. The buyers noticed this just before closing and were upset. The solution was to plant eight cedars in the space, creating instant privacy at a cost of about $1,200 which the seller paid. Problem solved. 2) There is a skunk under the porch The buyers found a family of skunks under the front porch on the day before closing. The seller’s lawyer said it was not the seller’s responsibility to remove the skunks from the property. It is difficult to tell who would win if this went to court. The seller paid a pest control company $250 to remove the skunks. These companies also specialize in trapping raccoons and removing termites as well.

3) The furnace is not working Most real estate agreements say home systems and appliances must work on closing. When buyers do the final visits, problems arise if they notice that things aren’t working. The best way to resolve this is to get an estimate to fix the problem and then offer the seller the option of fixing the problem themselves or giving the buyer a credit for the repair. 4) There is an outstanding City permit This typically means the owner of the home has started work that needed a building permit, but did not have the inspector sign off when the work was finished. The buyer must have proof the work was in fact done correctly or else the buyer will be responsible to fix this after closing. If the permit related to work done by a prior owner who was not the actual seller, then it is possible that title insurance will solve the issue. Otherwise, it is best to contact the City, arrange for an inspector to come out to conduct whatever inspection is necessary to close the permit. This may require extending the closing date for a few days to get it done.

5) I can’t get in the front door I have seen situations where the seller leaves one key for the buyer and the rest of them are on the kitchen counter. The problem is that there are two locks on the front door. In this situation, buyers should call a 24 hour locksmith. The cost will be the seller’s responsibility.

Call Today 905-575-7700

If you relax and look for commonsense solutions, most closing day issues can be overcome to the satisfaction of both buyers and sellers. Mark Weisleder is a Toronto real estate lawyer. Contact: mark@markweisleder.com

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

September 2, 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 $99,900 46 available

Bungalows/ Raised Ranches Starting at $169,900 68 available

Bungalows/ Raised Ranches Starting at $92,500 19 available

Bungalows/ Raised Ranches Starting at $289,000 10 available

Bungalows/ Raised Ranches Starting at $224,900 24 available

Bungalows/ Raised Ranches Starting at $275,000 20 available

Bungalows/ Raised Ranches Starting at $217,900 31 available

Two Storeys Starting at $149,900 17 available

Two Storeys Starting at $219,900 117 available

Two Storeys Starting at $74,997 118 available

Two Storeys Starting at $344,900 42 available

Two Storeys Starting at $289,900 58 available

Two Storeys Starting at $262,500 37 available

Two Storeys Starting at $349,900 41 available

Semis & Town Homes Starting at $153,800 27 available

Semis & Town Homes Starting at $135,000 42 available

Semis & Town Homes Starting at $86,000 23 available

Semis & Town Homes Starting at $219,900 17 available

Semis & Town Homes Starting at $198,900 24 available

Semis & Town Homes Starting at $169,900 18 available

Semis & Town Homes Starting at $79,900 33 available

Call Us today for information on any of these Homes!

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

September 2, 2014

The Golfi Team Real Estate Market Watch

Page 5

Grimsby, Lincoln West Lincoln & Niagara

Rob Golfi*

5.5 AcRES

BEAMSvIllE

$399,900

5143 Meadowwood Lane 2 Storey, 3 bedroom home backing onto greenpace. Updates include granite countertop in kitchen, hardwood on main level, carpet upstairs, bathrooms, roof and front door. Fully landscaped backyard with stunning gardens and large stone patio. $1,597 per/mth P&I / O.A.C.

BUILDING LOT

BEAMSvIllE

ST. CAThARInES

$159,900

14 Thornton Street Great Starter Home! This home is ready for you to move in offering a family room addition w/gas fireplace, updated kitchen w/granite counter tops and laminate flooring throughout. Spacious 33ft. x113ft. fully fenced yard w/large deck. Furnace & windows 6 years new, updated front porch 2014. $639 per/mth P&I / O.A.C.

SMIThvIllE

$379,700

7 Wade Road BEAUTIFUL LARGE LOT can possibly be severed for a corner building lot or build a garage. Buyer to verify zoning reg. 4 level side split in prime location on quiet deadend street. 3+2 bdrms, in-ground pool, walkup from bsmt, double garage, & large driveway. Updated kitchen, windows, hdwd floors and roof.

BEAMSvIllE

$989,900

P/L#23 Durham Road ZONED LIGHT INDUSTRIAL AND COMMERCIAL with 5.5 acres and 602 feet of frontage on Durham Rd. $3,954 per/mth P&I / O.A.C.

$1,516 per/mth P&I / O.A.C.

5 AcRES

$399,900

Academy Street 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.

PElhAM

$699,900

GRIMSBY

$479,900

BEAMSvIllE

180 Main Street West

1 Meadowood Lane

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

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.

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

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

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, 4 lots available. Subject to severance in progress. HST may be applicable. $639 per/mth P&I / O.A.C.

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

WATERFRONT

$159,900

571 Poth Street

WATERFRONT

Docking Rights Available!

GRIMSBY

$955,000

FORT ERIE

$799,900

BEAMSvIllE

$217,900

GRIMSBY

$899,900

143 Lake Street

3723 Niagara River Parkway

4340 Central Avenue

1 11th Street

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!

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!

$870 per/mth P&I / O.A.C.

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

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

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

WATERFRONT

37 AcRES

BEAMSvIllE

$464,900

GRIMSBY

$959,900

4038 Bush Crescent

342 Kemp Road West

LARGE OPEN CONCEPT 2 plus 1 Brick Bungalow in great location, energy star home, high quality finishes, quartz counters, hardwood floors, upgraded windows, fully finished basement complete with 3 piece bathroom. Composite deck, interlock patio, retractable awing, large double car garage, main floor laundry.

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

$1,857 per/mth P&I / O.A.C.

1.36 AcRES

GRIMSBY

168 Saw Mill Road

GRIMSBY

$1,669,900

188 North Service Road

BACKING ONTO 40 MILE CREEK-Custom newly built 2 storey country home w/detached 3 car garage sitting on 1.36 acres fenced, features open concept w/large family size kitchen & island, 4 large sunny bedrooms, professionally landscaped, high speed internet available, close to Bruce Trail and minutes to town. $2,356 per/mth P&I / O.A.C.

$849,900

ST. CAThARInES

$252,900

1645 Niagara Parkway

15 Lakeside Drive, Unit 39

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

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

2.8 AcRES

WATERFRONT

$589,900

FORT ERIE

WAInFlEET

$389,900

WAInFlEET

$499,900

40830 Forks Road

40830A 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.

WORK/LIvE 6 yr old, 60x225’ industrial workshop. 6” concrete flr, steel roof/siding, insul ceiling, clear span, scissor trusses, 4 roll-up doors, 2 hoists, 16 ft ceiling in centre, tube htg, 200 amp service. SQ ft 13,500.

$1,557 per/mth P&I / O.A.C.

Call www.golfiteam.com Today 905-945-0188

$1,997 per/mth P&I / O.A.C.

Page 6

The Golfi Team Real Estate Market Watch

September 2, 2014

Year-to-Date Average Selling Price for “Detached” Homes – 1985 to Present YEAR

1985 1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

LOWER UPPER EAST STONEY CREEK STONEY CREEK HAMILTON

$80,942 $194,027 $157,811 $184,130 $263,252 $279,816 $289,651 $310,131 $298,521 $319,983 $328,766 $357,183 $372,471 $416,539

$79,137 $184,470 $160,651 $177,745 $263,245 $279,951 $284,280 $293,571 $299,641 $324,135 $333,150 $348,615 $375,072 $399,299

$56,479 $129,776 $106,711 $119,461 $159,859 $166,363 $180,614 $186,031 $178,956 $188,834 $201,886 $212,099 $221,843 $242,313

WEST HAMILTON

CENTRAL HAMILTON

HAMILTON MOUNTAIN

ANCASTER

DUNDAS

GRIMSBY

SMITHVILLE

LINCOLN

$66,183 $168,413 $141,665 $151,572 $228,813 $238,338 $257,108 $267,973 $279,104 $306,689 $321,345 $344,599 $367,985 $393,919

$42,253 $116,253 $82,527 $89,828 $123,084 $130,693 $137,370 $148,432 $144,513 $152,319 $155,740 $168,774 $182,837 $205,836

$73,520 $161,153 $134,705 $152,677 $214,749 $222,765 $236,621 $243,239 $245,988 $263,319 $269,860 $282,090 $300,731 $318,459

$125,745 $266,681 $211,505 $252,164 $372,585 $385,046 $427,272 $431,561 $439,293 $461,254 $490,677 $521,767 $550,470 $567,284

$91,210 $209,070 $165,318 $194,402 $288,193 $317,238 $331,272 $329,752 $344,179 $375,871 $375,988 $393,671 $429,620 $455,039

$82,450 $190,117 $149,230 $191,177 $289,975 $305,964 $306,477 $321,451 $326,034 $348,408 $367,505 $393,529 $389,953 $396,947

$65,870 $146,557 $124,002 $164,699 $220,649 $233,243 $253,259 $246,381 $256,862 $283,446 $274,947 $276,177 $290,657 $319,601

N/A $155,381 $132,368 $164,839 $240,143 $268,673 $275,085 $301,542 $289,085 $295,325 $328,874 $350,863 $352,404 $383,332

BURLINGTON GLANBROOK

$107,325 $217,824 $202,473 $254,074 $371,100 $394,798 $428,599 $449,261 $452,434 $492,166 $528,753 $569,494 $610,247 $650,295

$81,742 $173,975 $152,634 $199,738 $276,246 $311,534 $302,138 $318,054 $313,121 $332,758 $348,995 $380,459 $386,426 $406,761

Year-to-Date Average Selling Price for “Town” Homes – 1990 to Present YEAR 1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

LOWER UPPER EAST STONEY CREEK STONEY CREEK HAMILTON $138,260 $125,310 $137,348 $190,446 $210,455 $217,510 $224,385 $235,667 $237,072 $247,136 $259,476 $279,768 $294,003

$127,194 $109,980 $124,094 $184,189 $197,710 $201,818 $217,555 $218,918 $232,362 $245,196 $262,070 $270,123 $284,452

$114,699 $88,984 $99,602 $127,961 $152,956 $144,051 $153,298 $164,397 $171,899 $174,922 $180,477 $187,681 $192,024

WEST HAMILTON

CENTRAL HAMILTON

HAMILTON MOUNTAIN

ANCASTER

DUNDAS

GRIMSBY

SMITHVILLE

LINCOLN

$127,990 $77,167 $99,470 $166,630 $167,430 $195,871 $210,128 $232,035 $220,157 $231,252 $241,978 $247,929 $245,583

$86,932 $49,727 $60,119 $78,909 $75,821 $90,710 $105,988 $83,290 $128,338 $120,265 $121,817 $145,495 $177,081

$122,074 $93,349 $102,518 $145,005 $158,142 $168,598 $172,802 $180,974 $181,950 $193,346 $196,963 $205,557 $222,936

$192,175 $160,080 $175,303 $244,342 $255,027 $277,929 $274,155 $272,047 $283,342 $299,260 $321,923 $338,477 $346,623

$142,547 $111,053 $135,279 $187,288 $190,386 $203,413 $207,430 $221,300 $232,308 $239,291 $245,588 $259,062 $286,544

$136,340 $112,522 $120,513 $194,933 $209,148 $219,307 $217,492 $228,874 $240,368 $234,177 $254,613 $264,398 $288,586

$98,567 $82,750 $105,889 $139,607 $160,300 $163,215 $146,664 $154,764 $154,682 $170,620 $204,500 $186,346 $203,877

$109,691 $120,988 $130,284 $178,487 $183,264 $194,379 $206,682 $221,394 $205,649 $233,143 $259,822 $248,292 $272,768

BURLINGTON GLANBROOK $144,626 $126,024 $161,142 $229,963 $250,051 $264,720 $274,713 $276,474 $302,649 $315,577 $354,422 $367,318 $387,644

N/A $175,000 $180,500 $224,032 $236,696 $241,085 $251,140 $241,458 $250,967 $268,157 $273,179 $277,674 $293,932

Canadians have $Billions in Unclaimed Money Millions of Canadians unknowingly have billions of dollars worth of their money and assets being held by companies and government agencies, available for recovery. The Bank of Canada alone is holding nearly $1 billion from bank accounts and Canada Savings Bonds, but experts estimate unclaimed assets across the country could top $4 billion to $7 billion. Canada is way behind other developed countries in having comprehensive unclaimed property legislation for all its residents, says accountant Brenda Potter Phelan. “A country so progressive, so socially minded as Canada, I find it hard to stomach that we don’t have some safeguards. In the U.S. and around the world they find this a main part of consumer protection,” she said from Cambridge, Ont., where she runs a website and blog called Legacy Tracker. Quebec and Alberta are the only provinces with comprehensive laws, while British Columbia has a voluntary system. But Ontario is studying the adoption of its own system that could shine the

light on a large treasure of unclaimed assets, including insurance policies, stocks and pensions. In Canada, the total value of unclaimed assets is unknown but experts believe the numbers are staggering and growing. The Bank of Canada’s unclaimed accounts grew 52 per cent over five years to reach $532 million as of December, with 93 per cent of accounts worth less than $1,000. The bank returned only $14 million to owners last year. Non-redeemed Canada Savings Bonds and Canada Premium Bonds totalled $391 million as of March 31. The Office of the Superintendent of Bankruptcy Canada holds some $18 million. Quebec has about $300 million of unclaimed financial and other assets, while B.C. and Alberta have tens of millions each. Online searches can be conducted in each of those provinces and with the Office of Superintendent of Bankruptcy, but all Canadians can look at the Bank of Canada website. Searches conducted during research

for this story identified more than $10,000 of unclaimed financial assets for family and friends. “I am very surprised,” Syma Shaffer said when told about the discovery of nearly $1,400 from a Montreal bank account closed in 1991. Federally regulated banks are required to hand over unclaimed deposit accounts, term deposits & GICs and negotiable items such as drafts, money orders and certified cheques to the central bank after a decade of trying to notify the owner. Excluded are non-Canadian currency accounts, RRSPs, credit union balances, gold or silver certificates, safety deposit boxes, insurance payments, court payments, stocks and dividends, wages and real estate deposits, most of which are covered by provincial legislation. The largest single unclaimed account totalling $552,000 was transferred from a Royal Bank branch in Montreal. Its owner, Manuel vinhas, had two dormant accounts worth nearly $677,000. The bank wouldn’t comment on specific cases, citing privacy issues. Greg Crone was elated when informed

he had more than $6,600 of assets being held, likely from a deposit related to a 2003 car purchase. But the Ontario resident couldn’t understand how RBC was unable to locate him after a move to another city since he has the same bank account. “It’s pretty shocking. When they want to find you because you’re late on a payment or something they have no trouble finding you,” he said in an interview. Experts say it’s not uncommon for people to lose track of their assets, forgetting old bank accounts or paid up life insurance policies. People often move without forwarding their mail for more than a year and many people die without their heirs knowing much about their finances. “Some people live quite private lives and they die unexpectedly and people don’t even know to look,” said Darren Jack, chairman of a task force for the Unclaimed Property Professionals Organization. By Ross Marowits The Canadian Press

Call Today 905-575-7700

September 2, 2014

The Golfi Team Real Estate Market Watch

Page 7

Pros & Cons of Wood Floors vs Carpet for Infants and Toddlers For most couples, the advent of young children make them look at their home with new eyes. “Charming” now seems cluttered. Special features such as stone floors, balconies, old coal fireplaces, now look downright dangerous. No wonder there is some debate over which flooring – wood or carpet – is most child-friendly. want to preserve the environment for their children, wood is available in recycled and sustainable types. And when it comes to cleaning up spills, stains or crayon, wood is peerless. Wood: Con Wood does have drawbacks, however. It is expensive, when most families are budget-conscious. It is far from care-free; proper maintenance includes sanding and refinishing every 10 to 15 years, and wood is particularly susceptible to water damage. Anyone who grew up in an old house can tell you that wood floors are very cold in winter, and rough-housing or running around in socks leads to splinters. Wood, particularly dark varieties, shows dust and pet hair, even just after sweeping. And when you are just learning to walk, wood floors are slippery and hard.

Wood: Pro Hardwood floors are popular; many house hunters say they are must-haves. If you are redecorating to sell, or buying

with resale in mind, remember that wood floors show well and add value. When installed correctly and cared for, wood lasts beyond a lifetime. For parents who

Crossword puzzle (Solution on Page 3)

Carpet: Pro Carpet's advantages are clear. It is soft; toddling is easier with no splinters and a cushioned landing. Carpet comes in styles and colors to fit every decor, giving rooms a luxurious appearance. It is warm-- making getting out of bed in

February much more palatable. Costwise, carpet is more budget-friendly than wood. Finally, have you ever heard kids screeching and feet clomping about in a room with wood floors? Carpet is much easier on the nerves. Carpet: Con Carpet is not without problems though. It stains, quite easily, particularly with common childhood substances such as juice, marker and pink antibiotics. Even a carpet which is regularly shampooed is never completely clean, and holds allergens like dust and pet dander. When water-damaged, carpets mold if not dried and treated properly. Carpets should be replaced every decade, which adds to their expense. Finally, although environmentally-friendly carpets exist, carpet exudes chemicals (hence, "new carpet smell") for years after installation. Price? Durability? Cleanliness? Consider your priorities. No flooring is perfect, but there's a floor that's perfect for you and your child. By Danica Sorber, eHow Contributor

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www. GolfiTeam .com

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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

September 2, 2014

6 Renovations You Should Never Do Yourself

hen it comes to home improvements, it’s difficult to know when to do it yourself and when to hire a professional. We have the low down on when to draw the line – it usually involves things like plumbing, electricity, expensive materials and renovations that are downright dangerous. So before you try to get handy with a hammer, consult this list to see what you should never attempt yourself. Electrical When it comes to making electrical adjustments, there are too many technicalities to do it on your own. Electrical standards have to be met so that wires aren’t over-heated, circuit breakers aren’t overworked, and someone needs to make sure that everything is wired correctly through-

out the house. You need advanced electrical knowledge to do this job so it’s best to hire a certified electrician. Building or Renovating the Bathroom Bathroom renovations that don’t involve moving the plumbing pipes can be done on your own, but you should hire a plumber for anything more complicated. If the job isn’t done correctly, it will cause a lot more headaches than it’s worth. Poorly done pipe installations could lead to leaks that drip through the drywall and could cause water damage throughout the house.

Breaking Down Walls If you want to break down walls to open up your space, don’t do it yourself. Walls support the structure of the house, so weight-bearing and support walls have to be dealt with accordingly. A professional will have an indepth understanding of the structure of the house, and they’ll be able to identify a cosmetic wall versus a support wall to get the job done right. Finishing the Basement When it comes to renovating the basement, there’s a lot of room for error. Before you put up new walls and flooring, you need a professional to make sure the insulation is correct and that there are no cracks or leaks in the foundation or on the floor. You’ll also need someone to take care of the electrical.

Window Renovations There is no shortage of professional window companies who can replace windows at a low price. For the low cost of this renovation, hire a professional – if it’s not done properly, it could lead to air leakages that let hot and cold air escape, ultimately raking up your hydro bill. Working with Granite or Marble Whether you’re installing new countertops or tiles, when working with such expensive materials like granite or marble it’s best to hire a professional to do the measurements and installation. If you make a mistake, the cost is too high to make it worth doing it yourself.

Call Today 905-575-7700

By Adena Leigh, HGTV

September 2, 2014

The Golfi Team Real Estate Market Watch

Hamilton, Stoney Creek Ancaster, Dundas & Glanbrook

Rob Golfi*

hAMIlTOn EAST

Page 9

$249,900

hAMIlTOn

$129,900

hAMIlTOn

$269,900

532 Beach Blvd

285 King Street, Unit #3

187 Sanford Avenue North

An exciting opportunity for a small business to locate on Beach Blvd. Would suit many types of uses. very nice space with double front door entry. Has 200 Amp, 2pc bath and poured concrete floor. Flat roof done 2007.

GREAT LOCATION, NEAR MC MASTER! Fabulous ground floor two bedroom. The Chantilly is filled with character and Century features. Nicely decorated, shows beautifully, lots of closets and storage, newer tile floors and refinished hardwood. Bathroom and kitchen updated.

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.

$998 per/mth P&I / O.A.C.

$1,078 per/mth P&I / O.A.C.

$519 per/mth P&I / O.A.C.

hAMIlTOn

$315,900

116 Hoover Crescent SECRET GARDEN PARADISE!! Well established in a prime mountain location! Bungalow with 3 bedrooms, 1 bath, carport with storage shed. Partial finished basement (walls studded), new windows, granite counters and ceramic flooring in kitchen and shingles in 2012. Side entrance could accommodate in-law. $1,262 per/mth P&I / O.A.C.

RENTAL

hAMIlTOn

$274,900

hAMIlTOn EAST

$179,900

78 Lorraine Drive

11 Harrisford Street South, Unit #5

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.

3 bedroom Townhouse in great location! Easy highway access, sunken living room, patio doors to rear patio, dining room, eat in kitchen finished rec room and more. $719 per/mth P&I / O.A.C.

hAMIlTOn EAST

$489,900

293 McNeilly Road

43 Riviera Ridge 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.

$471 per/mth P&I / O.A.C.

WATERFRONT

hAMIlTOn WEST

hAMIlTOn EAST

14 Cottrill Street

Custom built 4 bedrm home includes updated kitchen with granite counters, updated bathroom, new carpeting, furnace. Features ceramic & hardwood flooring, main floor laundry & den, finished basement w/ in-law set up & fully fenced yard. $1,957 per/mth P&I / O.A.C.

MCMASTER STUDENT RENTAL! Best location for student rental at Mac, on university side of Main Street. Same owner for 32 years, numerous updates with big garage. Four rooms not yet rented. $3000.00 a month income when fully rented and students pay utilities. Walk to university, shopping and on main bus line.

$1900 / MTh

95 Hope Avenue

INcOME POTENTIAL

$479,900

STOnEY CREEk

CUTE ONE FLOOR PLAN, and same owners for 24 years!! Front concrete drive, nice fenced in backyard w/sliding doors from kitchen, new windows and doors. Great location, close to new Centre Mall and parks.

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

STOnEY CREEk

$99,900

$949,900

1087 Beach Boulevard TRENDY BEACH BLvD â&#x20AC;&#x201C; 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

BRAnTFORD

Location Rocks!! Short bus ride to Wilfrid Laurier Campus. Convenient Location for Tenants. Both units occupied on month to month. Side parking and huge backyard. $475 + hydro/water upstairs and $650 + hydro/water downstairs. Seller pays gas and water heater rental. $519 per/mth P&I / O.A.C.

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

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

$129,900

342 Dalhousie Street

1 AcRE

hAMIlTOn MTn

$339,900

193 Parkwood Crescent FANTASTIC LOCATION!! Walk to Limeridge mall & parks. Features a spiral staircase, main flr fam room w/gas fireplace, separate dining room, laundry was on the main LvL and can be moved back, large master bedroom with walk in closet and ensuite, large partially finished basement and fenced rear yard with deck. Shingles replaced in 2002. $1,358 per/mth P&I / O.A.C.

STOnEY CREEk

$599,900

BInBROOk

$315,000

1489 / Highway #8

67 Cleghorn Drive

OUTSTANDING & IMMACULATE custom built 1760 sq.ft. all brick bungalow sitting on one acre with 3 car garage, featuring beautiful hardwood through-out, stylish kitchen with granite counter tops, main floor laundry, partially finished basement with 3pc bath & rough in for kitchen.

Perfect family home in desirable Binbrook! Upgrades from beginning to end. Mocha oak cabinetry in kitch w/granite counter tops & deep under mount sinks, S.S. appliances including Bosch dishwasher. Gleaming dark hardwd throughout, wrought iron spindles in staircase & custom built deck w/pergola.

1 2

$2,396 per/mth P&I / O.A.C.

STOnEY CREEk

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

$1,258 per/mth P&I / O.A.C.

FREE Home Evaluation

$399,900

Crossword Solution

Get your home sold Fast!

905.575.7700 Call Today 905-575-7700

Page 10

The Golfi Team Real Estate Market Watch

September 2, 2014

Marketplace Real Estate lawyer

Paul lewis Settimi

Barrister, Solicitor and Notary Public

Jacqueline Paradisi

8 Main Street East, Suite 303 Hamilton, Ontario L8N 1E8 Bus: 905-527-0808 Fax: 905-527-0774

HOME STAGING

20 Main Street West Grimsby, Ontario L3M 1R4 Bus: 289-235-7500 Fax: 905-527-0774

paul.settimi@cogeco.net

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