The Real Estate Book - Hamilton 23.10

Page 1

GREATER HAMILTON

HOME & LIFESTYLE GUID E Volume 23, Issue 10

PROUDLY PRESENTING

SPECTACULAR CUSTOM HOME ON PREMIUM 134 FT LOT IN ANCASTER! MORE INFO ON PAGE 8 TEXT RBHCSXC TO 844-928-0132 TOLL FREE

RealEstateBook.com 87880.23.10.001.indd 1

Kevin & Tina Girard

Sales Representatives Royal LePage State Realty, Brokerage 905.574.7441 www.girardteam.ca

2021-10-05 9:59 AM


WELCOME TO OUR

DIGITAL MAGAZINE! CLICK WEBSITE OR EMAIL LINKS! As you turn the page, all web and email addresses are highlighted in blue. This means you can click through to send an email or visit that web page instantly.

WATCH VIDEO & VIRTUAL TOURS Look out for this symbol on many of the pages. By clicking on the link, you will be taken directly to video or virtual tours of

As you flip the pages, look out for these interactive features…

TAKE A

VIDEO TOUR CLICK HERE to view a video tour of this beautiful home!

the featured homes.

CLICK HIGHLIGHTED LISTINGS FOR MORE DETAILS As you turn many of the pages, the entire page will be highlighted in blue. On these pages, every property has an embedded link allowing you to click through to see multiple photos, longer descriptions and property details, the address and virtual tours.

TREB_eBook_DPSpread.indd 31 ConentsPage_AddButtons.indd

2021-01-08 3:25 2021-10-10 2:17 PM


2:17 PM

CONTENTS SKIP TO EXACTLY WHAT INTERESTS YOU MOST Use our Contents page to navigate directly to our featured articles, up to date market statistics, realtor profiles, and featured agents.

10 10

ON THE COVER

19

HOME OF THE MONTH

FEATURE ARTICLES

16

THE EXPLODING REAL ESTATE MARKET AND

16

WHERE IT’S HEADED

20

7 QUESTIONS TO ASK A

24

MARKET STATS

POTENTIAL CONTRACTOR

HAMILTON & BURLINGTON

FEATURE AGENTS

5 6

19

GRIMSBY

LYNN FEE ANCASTER

14 SARIT & JORDAN ZALTER

12

HAMILTON

LUKE O’REILLY

HAMILTON 13 23 GIRARD TEAM

ConentsPage_AddButtons.indd 2

24 2021-10-10 3:25 PM


LYNN VIENNNEAU

TIERA DASS

LEAH GERRARD

Business Associate

Sales Representative

Sales Representative

Serving Southern Ontario| Serving Southern Ontario 1-833-385-9205 | 1-833-385-9205||905-389-6734 905-389-6734 || info@reishadass.com info@reishadass.com HAMILTON CENTRE COMMERCIAL/LIGHT INDUSTRIAL Built in the early 2000's, recently renovated. Fully fenced yard. 2 hydro meters, 2 ground level lift doors + 2 main doors. 2nd lvl: 2 bathrms + kitchen & apprx. 2000 sqft of open space. TEXT RBHCPYD TO 844-928-0132

MISSISSAUGA LOWER LEVEL FOR RENT South of Lakeshore in Lakeview/Port Credit. 2 bedrms, 1 bathrm. Steps to the Lake, parks, Waterfront Trail, Port Credit Village, Go Train, & more. Utilities not included. TEXT RBHCKPV TO 844-928-0132

HAMILTON MOUNTAIN FOR RENT Open concept all inclusive one bedrm (walkout) basement apartment. Stoney Creek. One yr lease minimum. Rental application, references, full credit report, proof of employment required. No smoking, no pets. TEXT RBHDTYG TO 844-928-0132

HAMILTON WEST OFFICE SPACE FOR RENT Office space excellent second level offices in Erskine Presbyterian Church building with loads of natural light. Many possible uses. Available immediately. TEXT RBGXKSZ TO 844-928-0132

W W W. R E I S H A D A S S . C O M

ELLEN BOYCE

KRISTA HANN SALES REPRESENTATIVE

BROKER

www.kristahann.com kristahann@royallepage.ca

www.ellenboyce.com

905.648.4451

Text RBHCSXH RENOVATED CENTURY HOME 3300 sqft, on nearly 2 acres, a short drive to both Ancaster and Dundas town centres. Private treed property with inground pool, stunning gardens. Gourmet kitchen, family room with stone fireplace, 4 bdrms, 3 full baths. $2,495,000

2019/2020

2015-2017

Text RBHGCFS 2500 SQ FT HOME 4 bedrooms, 3.5 baths, hardwood floors throughout. Main floor office, sunken family room with vaulted ceilings and gas fireplace. Located in a mature Ancaster neighbourhood close to conservation. $1,299,000

To get more info & photos on these listings, text the code to 844-928-0132.

23.10_ezads_export.indd 2

2021-10-06 4:51 PM


6

The

LY!,lltE�N�G

!��[!

www.lynnfeeteam.com team@lynnfeeteam.com

17-270 MAIN STREET WEST, GRIMSBY | $1,149,000

STUNNING FAMILY HOME Gorgeous 4 bedroom, 3 bath home with entertainer's yard. TEXT RBHFSYW www.17-270mainstreetw.com 2 CONCORD PLACE, GRIMSBY | $999,999

8 CONCORD PLACE, GRIMSBY | $870,000

58 DUNDONALD STREET, ST. CATHARINES | $649,900

TEXT RBHDWCH

TEXT RBHGBKK

TEXT RBHFXCZ

2-STOREY LUXURY CONDO 3 bedRm, 3 bath, UPGRADED townhome. www.2concordplace.com

LAKESIDE EXECUTIVE TOWNHOME 3 bedRm, 3 bath with high-end finishes! www.8concordplace.com

UPDATED 4-LEVEL BACKSPLIT 3 bedRm, 2 bath with backyard oasis. www.58dundonaldstreet.com

4581 DEBORAH LANE, BEAMSVILLE | $349,900

382 - 3033 TOWNLINE RD, STEVENSVILLE | $345,000

35 - 3033 TOWNLINE RD, STEVENSVILLE | $344,900

TEXT RBHFLJC

TEXT RBHGBHY

ONE FLOOR MODULAR LIVING Modern 2 bedRm, 2 bath home. www.4581deborahlane.com

BLACK CREEK COMMUNITY Spacious 2 bedRm 1 bath bungalow. www.382-3033townlineroad.com

kw

KELLERWILLIAMS COMPLETE REALlY

---IO<C>ll<IU'OWO!�..C,O,W,,!O

Sales Representatives: Lynn Fee, Stephanie McIvor, Sales Representatives : Tracey Lynn Fee, Stephanie Mcivor, Wendy Murray Nicholson, Cerisano Brokers: TorrinNicholson Fee Wendy Murray & Torrin Fee, Broker

23.10_ezads_export.indd 3

TEXT RBHCNRJ BLACKCREEK BUNGALOW 2 bedRm + den, 2 bath in adult community. www.35-3033townlineroad.com

Text the unique Text Codes to 844-928-0132 for more information & photos

TOLL FREE

GRIMSBY

OFFICE

1-833-LYNN-FEE

905-945-6494

905-975-1055

(1-833-596-6333)

2021-10-06 4:51 PM


4

Reach out to us today to discuss how our experience can be your asset in these challenging times.

We are very proud to be able to continue to serve our clients through this pandemic with our MOSTLY VIRTUAL real estate services as we cater our high level services to all scenarios. We coach our clients on how to sign documents electronically, how to have virtual meetings with us, and most importantly how it’s possible to buy or sell a home while potentially staying in yours. We have successfully sold homes without a physical showing, with restricted access, and while all visitors must follow our strict safety precautions. We understand that selling a home can be stressful in the best of times, and that this pandemic can amplify that. We are here to help.

87880.22.13.004_Final.indd 1 ezads_export.indd 4 23.10_ezads_export.indd 4

2020-12-23 1:04 PM 2021-01-27 4:56 2021-10-06 5:15 PM


1:04 PM 5:15 PM

EXECUTIVE LIVING! EXECUTIVE LIVING! LOW LOOKING INVENTORY! FOR SOMETHING IT'S A GREAT TIME SPECIAL? TO SELL! EXECUTIVE LIVING! C U S T O M M U LT I - L E V E L S P L I T CTAT UI S I - LLEOVCEAT L B PNA L IUTT I F U L 2 + 1 B E D U N I T DTEO AM L CMOUULT RT ISOE DREAMY DUNDAS ES C U S T O M M U LT I - L E V E L S P L I T

!

G IN M N! O C OO S

VE

I US

CL

EX

6 Tally Ho Drive, Dundas $3,500,000 EXECUTIVE EXECUTIVE

26 Hostein Drive, Ancaster 26 Hostein Drive, Ancaster $1,250,000 304-2000 Creekside Drive, Dundas $1,250,000 26 Hostein Drive, Ancaster $659,900 $1,250,000

C O N D O L I V I N G - O N LY 2 U N I T S L E F T C NA DSOALNITV IVA N GL L- EOYNG LYE M 2 UNITS LEFT PO LE

E X E C U T I V E C O N D O L I V I N G - O N LY 2 U N I T S L E F T

EXECUTIVE EL XECUTIVE PRESENTING VICTORIA HAL EXECUTIVE

11 Cross Street, Dundas $2,100,000

366 Bay Street North #B, Hamilton 366 Bay Street NorthRoad, #B, Hamilton $629,900 173 Old Ancaster Dundas $629,900 366 Bay Street North #B, Hamilton $979,900 $629,900

LIVING LIVING DOWNTOWN LANDMARK LIVING

366 Bay Street North #A, Hamilton 366 Bay Street #A, Hamilton $679,000 183 James Street South,North Hamilton 5 Barrington Court, Dundas $679,000 366 Bay Street North #A, Hamilton $1,995,000 $1,895,000 $679,000

Sarit@ZalterRealEstate.com Sarit@ZalterRealEstate.com Sarit@ZalterRealEstate.com Direct: 905.515.1950 Sarit@ZalterRealEstate.com Direct: 905.515.1950

Direct: 905.515.1950 Direct: 905.515.1950 Jordan@ZalterRealEstate.com

Jordan@ZalterRealEstate.com Jordan@ZalterRealEstate.com Direct: 905.515.6331 Jordan@ZalterRealEstate.com Direct: 905.515.6331 Direct: 905.515.6331 Direct: 905.515.6331

23.10_ezads_export.indd 5

2021-10-06 4:56 PM


G R E A T E R

HALTON HAMILTON HOMES Search ALL homes listed for sale on MLS, view our digital magazines, research

H A M I L T O N

VOLUME 23 ISSUE 10 PUBLISHER

Tim Root ACCOUNT MANAGER

Beth Walder PRODUCTION MANAGER

Sarah Root

local real estate market

ART DIRECTORS

trends and insights, get

Jennifer Brewster Vanessa Chong

home buying and selling tips, and more! From the same team who produce The Real Estate Book for the Halton and Hamilton region.

CONTRIBUTING WRITERS

Julie Achtermeier MARKETING & COMMUNICATIONS COORDINATOR

Celina Ip

Next Issue Submission Deadline OCTOBER 28, 2021

For Advertising or General Inquiries:

905 845 8732

info@trebpublishing.ca trebpublishing.ca

HaltonHamiltonHomes.com

! TheRealEstateBook $ The.RealEstateBook

Want to see your home advertised in this magazine or featured online at RealEstateBook.com? Contact any of the top real estate professionals advertised in this issue. Another fine product from NewPoint Media Group, LLC. Bee Cave, TX © 2016, NewPoint Media Group, LLC PRINTED IN CANADA

87880.23.10.Masthead.indd 1

2021-10-04 10:34 AM


2020

Colette Cooper

Lily Clairmont

Gino Montani

Natalie Pavkovic

Margherita Abitino

Broker

Broker

Broker

Sales Representative

Client Care Coordinator

TEXT CODE TO 844-928-0132 FOR MORE INFORMATION & PHOTOS FOR ANY OF THESE LISTINGS!

GREAT CALEDONIA LOCALE! FABULOUS 2+1 bedroom, 2 bath bungalow town end unit. Approx. 1033 sq ft with beautiful kitchen, living/dining room with space for gatherings, sliding door to deck, main floor laundry, basement with huge rec-room with fireplace, additional bedroom, 3 pc bath, & plenty of storage. Carport & parking. Walking distance to parks, most amenities, & restaurants. A wonderful home in a great location! 31 Kinross Street #15, Caledonia. $529,900 TEXT RBHFJJL

! LD SO C C

SOLD TO HAPPY BUYERS! 120 BLUE MOUNTAIN DRIVE STONEY CREEK

D! OL S CC

CC SOLD! 47 HOPEWELL CRESCENT STONEY CREEK

! LD SO C C

SOLD OVER ASKING! 1024 MINERAL SPRINGS ROAD ANCASTER

! LD SO C C

SOLD OVER LIST PRICE IN 3 DAYS! 520 ELWOOD ROAD BURLINGTON

Colette represents what a perfect real estate agent should be like. “Colette was great in helping us close on a vacant lot Always on time with appointments to build ourher custom and follows up with clients.home on. Initially, we were not sure advice exactly what we were looking for but Colette Provides good and options. Overall,and she her wascolleague a pleasure Gino to were helpful and showed us work and will highly recommend multiple houses before we found our lot and made the her to anyone looking to buy closing process go smoothly.” or sell a home. Also, due to the - A. Capasso pandemic we are in she followed all protocols required." - M. Vincent

colettecooper.com | 905.648.4451 | colettecooper@royallepage.ca

87880.23.10_ColetteCooper.indd 1

2021-10-05 10:08 AM


ON THE COVER

SPECTACULAR

SPECTACULAR CUSTOM HOME CUSTOM HOME Located in the prestigious

LOCATED in the prestigious and

and desirable Oakhill

desirable Oakhill neighbourhood

neighbourhood of Ancaster.

of Ancaster. 4+1 bedrooms, 6

4+1 bedrooms, 6 bathrooms,

bathrooms, and over 5600

and over 5600 square feet

s qof u aluxurious r e f e e t ofinished f l u x u r i ospace. us finished s pExquisite ace. Exqu i s i t eappeal c u r b aon ppeal on curb TAKE A

VIDEO TOUR

a a p rpremium e m i u m pproperty r o p e r t y ssprawling prawling 1 3134 4 f tft. . oof f f frontage. r o n t a g e . Stunning Stunning g ogourmet u r m e t k ikitchen tchen w ith Thermador with a pThermador pliances an d 1 1 - f t . w aand t e r f11-ft. all appliances i s lwaterfall a n d . E x cisland. e p t i o nExceptional al design,

CLICK HERE

c udesign, s t o m mcustom i l l w o r k millwork, , p l a s t e r plaster m mouldings o u l d i n g s aand n d eelegant l e g a n t ffixtures. ixtures. P rProfessionally o f e s s i o n a l l y ffinished i n i s h e d lower lower l e level v e l s esetup t u p aas s aa ffull u l l in-law in-law suite

custom w isuite t h a with c u s t oam cedar wet/dry s acedar u n a . wet/dry sauna. V iVirtual r t u a l TTour: our: w ww.87Parker.ca www.87Parker.ca

87 PARKER PARKER AVENUE, AVENUE, 87 ANCASTER ANCASTER

$2,995,000 $2,995,000 Text RBHCSXC to 844-928-0132 TOLL FREE for more information on this home.

AddButtons.indd 8 ConentsPage_AddButtons.indd 8

2021-10-06 2021-10-13 11:50 4:21 PM AM


6

9

Jennifer Ferreira

Nancy Mazza

SALES REPRESENTATIVE*

|

Fiona Chiu*

Shelly Baker-Gracie*

E. Martin Mazza*

Cyndi Love**

Nancy Mungar*

Ivan Kamladze**

Emily DeNardis*

BROKER**

TEXT RBGSPWT

TEXT RBCTHVH

TEXT RBHCSLX

LIVE & WORK ON 10 ACRES IN RURAL GLANBROOK! $1,889,900 650 ft frontage on Hwy 20 & 353 ft on Westbrook - 2246 sq ft side split + 3000 sq ft commercial building - beautiful private setting just 5 minutes to all city amenities.

COMMERCIAL BUILDING IN SOUGHT AFTER GRIMSBY LOCATION! $1,489,900 Quality building at Bartlett and Main Street in Grimsby - stone and stucco facade high ceilings - large windows - rear parking - elevator - signage.

RARE OPPORTUNITY TO OWN GRIMSBY LAKEFRONT LOT! $1,299,900 Build your dream home on a 55 ft X 268 ft lot on Lake Ontario - short drive to Wine Country - easy access to highways & airports - enjoy sunrises to the East & sunsets to the West offers 41 ft bldg envelope.

SO

LD

SO

LD

TEXT RBHCMLZ

TEXT RBHGBQB

TEXT RBHGBLC

PROFESSIONALLY RENO'D W/INLAW SUITE IN SOUTH CENTRAL HAMILTON $999,900 4+1 BRs - 4.5 Baths - 1,975 sqft 2.5 storey - reno'd from top to bottom new appliances - master ensuite - lg front porch - new rear deck - new windows - new roof - side entrance - parking for 3 cars.

GREAT HOME IN DESIRABLE DUNDAS NEIGHBOURHOOD! $929,900 4 BRs - 1 full & 2 half baths - 1,772 sq ft - steps to all amenities - walking distance to schools - large LR - separate DR - lots of natural light - eat-in kitchen main flr family rom - fenced yard.

STUNNING TURN KEY BUNGALOW ON DESIRABLE HAMILTON MOUNTAIN! $799,900 2+1 BRs - 2 full baths - 1,045 sq ft - open concept - reno'd - eat-in kitchen - S/S appls - granite counters gas f/p - home audio system - fin'd bsmt w/sep entrance - close to all amenities.

Change Your Home, Change Your Life®

themazzateam.ca 1-877-475-0230

*!"'

TEXT RBHGBRY

TEXT RBHGBKZ

CHARMING COUNTRY BUNGALOW IN HEART OF CAYUGA! $599,900 3 BRs - 2 full baths - 1,151 sq ft hardwood floors - "Winger" kitchen - 2 sheds - composite deck - hot tub - large LR - updated main bath - lower lvl entry - in-law potential - mature treed lot.

SOUGHT AFTER CONDO IN HAMILTON'S "CITY SQUARE"! $519,900 2 BRs - 1 full bath - walk to all amenities - easy hwy access - in-suite laundry - lg balcony - eat-in kitchen - S/S appliances - 1 underground parking fitness rm - party rm - locker - BBQ area.

TEXT THE CODE TO 844-928-0132 FOR MORE LISTNG INFORMATION AND PHOTOS

23.10_ezads_export.indd 9

2021-10-06 4:56 PM


106

Luke O’REILLY broker

905.525.3737 | 1.877.648.4451

TEXT RBHGCFX TO 844-928-0132

CHARMING 2 STOREY in West Hamilton's coveted Westdale Village. 1316 sq ft, 3 beds, 2 bath home loaded with character. Parking for 3+ vehicles. Excellent location within walking distance to shops, restaurants, public transportation, parks, schools, McMaster. $699,900

TEXT RBHGCFY TO 844-928-0132

RARE

OFFERING

on one of Strathcona's most coveted streets. 1489 sq ft, 2 bed, 2 bath cottage-style executive bungalow is truly one-of-akind. Located on quiet tree-lined street steps to Dundurn Castle with easy access to West Harbour GO Station, downtown Hamilton, Locke St. $899,900

TEXT RBHGCFZ TO 844-928-0132

EXECUTIVE CUSTOM BUILT BUNGALOW in desirable Brantford neighbourhood. Open concept 4 bed, 3 bath on a 85 x 286 ft lot. Hardwood floors, granite counters, 9' and cathedral ceilings, 5 pce ensuite, 3 car garage. Large landscaped rear yard perfect for entertaining.

TOP 35 UNDER 35 WITH ROYAL LEPAGE (2018 – PRESENT) TOP 2% IN SALES NATIONALLY WITH ROYAL LEPAGE (2017 – PRESENT)

LUKEOREILLY.CA

2020

BROKERAGE

$1,695,000 EXQUISITE STONE COTTAGE built in 1857/1867. Nestled in charming Olde Dundas, this beautiful home has been tastefully updated with modern & contemporary finishes. Original trim & doors, high ceilings & transom windows, exposed stone wall and custom staircase. 2 generous sized bedrooms upstairs plus incredible master suite downstairs. The lower level also features a cozy family room with original plank flooring and exposed beams.

$2,790,000 A RARE OPPORTUNITY to own a magnificent Victorian in the heart of Dundas. 1.59 acre secluded oasis. Enjoy the perfect mix of modern convenience and old-world charm in this meticulously kept and mindfully updated historic treasure. Stunning features both inside and out, including soaring ceilings, 5 bedrms, 4 wood-burning fireplaces, beautiful and bright in-law suite with walkout to private stream, and your own separate cabin.

STEVE ROBLIN REAL ESTATE BROKER

905-522-3300 | roblin@judymarsales.com judymarsales.com | steveroblin.com

23.10_ezads_export.indd 10

2021-10-06 4:55 PM


GirarD T E A M

girardteam.ca

905-802-4769

TINA GIRARD

KEVIN GIRARD

JAKE ROBERTS

info@Gteam.ca

S A L E S R E P R E S E N TAT I V E S

Top 1% in Canada for Royal LePage

ANCASTER - $2,995,000

DUNNVILLE - $1,449,000

LUXURY – Stunning custom home in desirable Oakhill. 5 total beds, 6 baths and over 5600 sqft. of luxurious living space incl. basement inlaw with full kitchen and sauna. Private office with separate entrance and bathroom. www.87Parker.ca

STUNNING – 6-bedroom modern farmhouse filled with exquisite character and updated with modern conveniences. Over 4000 sqft. with new poured concrete basement. 1.5-acres with breathtaking sunsets. www.7606Canborough.ca

ANCASTER - $1,795,000

HAMILTON - $949,000

BUNGALOW – Spectacular renovation. 5 total beds, 4 baths and finished in-law basement with second kitchen. Over 4460 sqft. of luxurious living space. Large 60 x 131 ft. property backing onto green space. www.144Joshua.ca

LUXURIOUS – Newly built 3 bed, 3 bath custom home in downtown core one block from General Hospital. Stunning kitchen with quartz. Open concept with hardwood and automation. Primary suite with 5-pce ensuite. Double garage. www.343EmeraldNorth.ca

DUNDAS - $979,000

HAMILTON - $749,000

HAMILTON - $499,900

PROPERTY – Large raised bungalow with 5 total beds, massive detached garage, and stunning 100 x 150 ft. property with mature trees. Updated major components. www.113Hwy8.ca

CHARACTER – Gorgeous 3-bed family home in a fantastic neighbourhood close to Gage Park and Escarpment. Custom kitchen with granite. Large deck and hot tub. www.219holton.ca

BUNGALOW – Completely renovated. 2 bed, 2 full bath with finished basement. Crown Point steps to Gage Park and Ottawa Street. Custom maple kitchen. www.18ParkRowNorth.ca

Personalized Service & Award Winning Results! 23.10_ezads_export.indd 11

AWARD 2020

2021-10-06 4:51 PM


L U X U R I O U S P E N T H O U S E W I T H PA N O R A M I C V I E W S O F D U N D A S VA L L E Y

PH2 - 1770 Main Street West, Hamilton $1,100,000 IN THE HEART OF WESTDALE

1066 King Street West, Hamilton $749,900 STEPS TO MCMASTER

232 Bowman Street, Hamilton $699,900

23.10_ezads_export.indd 12

2021-10-06 6:14 PM


LOW INVENTORY! IT'S A GREAT TIME TO SELL! S P E C TA C U L A R C O U N T RY R E T R E AT

D

L SO

69 Gatepost Place, Lynden

OPEN CONCEPT LIVING

D

L SO

66 Little John Road, Dundas

FA B U L O U S F R E E H O L D T O W N H O U S E

D

L SO

153 Foxborough Drive, Ancaster

Sarit@ZalterRealEstate.com Direct: 905.515.1950

Jordan@ZalterRealEstate.com Direct: 905.515.6331

23.10_ezads_export.indd 13

2021-10-06 6:14 PM


The Exploding Real Estate Market and Where It’s Headed BY JULIE ACHTERMEIER

O

ver the past ten years, we've seen a steady climb in real estate prices across Ontario. Despite some fluctuations over the years, prices have remained high while interest rates have remained relatively low.

The onset of the pandemic 18 months ago caused a surprising spike in house prices, especially in the suburbs, as families moved outside city limits for more space and a new remote work lifestyle. Lack of inventory led to bidding wars becoming the norm, and it wasn't unusual to see a home sell for $100K over asking. Almost two years later, the market is beginning to stabilize with prices levelling out, yet the overall average sale price has not dropped. "It continues to be a strong sellers' market," says Luke O'Reilly from Royal LePage State Realty in Hamilton. "However, some homes are sitting longer, which is an early indicator that things are starting to shift." In the Hamilton area, the average house price increased from approximately $430,000 in 2016 to $535,000 in 2019. From March 2020 to March 2021, the average price climbed to over $800,000, almost double from 5 years ago. Since the spring, prices have stayed consistent and even dipped slightly, staying in the low $800’s as of September 2021. Burlington has seen the same trend - prices in the mid-$600’s in 2016 rising to the high $800’s by 2019, then hovering around the $1 million mark throughout 2020 and 2021.

LUKE O'REILLY

SALES REPRESENTATIVE

Royal LePage State Realty, Brokerage

905.525.3737 | luke@lukeoreilly.ca

87880.23.10_Editorial_ExplodingRealEstateMarket.indd 3

2021-10-06 3:03 PM


WHAT WILL IT TAKE TO CAUSE A MARKET CORRECTION? Tighter lending rules went into effect in July 2021 yet have had little impact. While the stress test now requires all borrowers to make mortgage payments at 5.25% (up from 4.79%), its implementation has not affected the market so far. "Without any real government intervention, the only way a market correction can happen is if interest rates go up, and that's horrible news for homeowners," says Jordan Zalter of RE/MAX Escarpment Realty in Ancaster. "At the same time, the only way supply will increase is if people are forced to leave their homes, also not a good solution." Despite some rumblings of housing correction promises during the federal election, the government has lacked any real leadership to solve the affordability issues. The Ontario Real Estate Association (OREA) has a proposed plan to make homeownership an attainable dream once again, and it would serve the government well to listen. The focus centres around two main areas: Lowering the land transfer tax for first-time homebuyers, and introducing Save the Canadian Dream Act, 2021 (to build on the current Housing Supply Action Plan). The Act would permit innovative housing solutions, stop money laundering in the real estate market and end exclusionary single-family zoning. For more information, visit https://bringaffordabilityhome.com/our-plan

JEOPARDIZING A GENERATION? For first-time homebuyers, the dream of homeownership continues to feel out of reach. "First-time home buyers are shifting geographical locations and being forced to search for homes well outside their desired area," explains Luke. "Unless buyers are given financial assistance from their parents or grandparents through an inheritance, they may also have to look at moving into condos and sacrificing space." Where first-time homebuyers were once able to buy in the suburbs, they are now looking even further into rural areas or in less desirable neighbourhoods. Real estate experts advise that if you do want to get into the market, don't wait. "The most realistic advice I can give to first-time homebuyers is don't wait on the sidelines for prices to drop because historically, they haven't," explains Jordan. "If you want into the market, you may need to adjust your expectations and location as well as ensure you don't buy more than you can afford, but you should get out there and do it."

JORDAN ZALTER

SALES REPRESENTATIVE, B.SC., MBA

RE/MAX Escarpment Realty Inc. Brokerage

905.515.6331 | jordan@zalterrealestate.com

87880.23.10_Editorial_ExplodingRealEstateMarket.indd 4

2021-10-06 3:03 PM


DOWNLOAD CANADA’S #1 FREE MORTGAGE TOOL BOX!

· Dreaming of buying? · Ready to make your next move? · Planning for your future?

DIRECT: 289-925-9599 jason@jason-woods.com

www.jason-woods.com

Rent four, get four!* *terms and conditions may apply.

4585 PALLADIUM WAY, BURLINGTON, ON Locally owned & operated | ultrastor.ca | 905-331-4585

87880.23.10_JasonWoods.indd 1

2021-10-06 5:03 PM


HOME MONTH OF THE

219 LAKE STREET, GRIMSBY

$2,250,000

TAKE A

VIRTUAL TOUR CLICK HERE

TEXT RBHGCLB TO 844-928-0132 TOLL FREE FOR MORE PHOTOS AND INFORMATION

LOCATED IN PICTURESQUE GRIMSBY on the shores of Lake Ontario, with views of the Toronto skyline, a Muskoka retreat and family home all-in-one. Deep waterfront lot with a spectacular lake view and inground pool. Poured concrete stairs lined w/ armor stone lead to a deck suspended above the shoreline with additional stairs leading down to the water. Beautifully appointed 2850 sq ft 2 storey home, 3 + 2 bedrooms, and 4 washrooms. 10’ high vaulted ceilings, crown moulding, tall baseboards and Brazilian maple hardwood floors throughout. Professionally finished lower level plus an outstanding 3rd floor loft with a lake view!

PAUL MARTELLI Broker Direct: 905-577-5122 contact@myrealtors365.ca www.myREALTORS365.ca

Visit RealEstateBook.com to search for more homes in the Hamilton Region.

87880.23.10.HOTM.PaulMartelli.indd ConentsPage_AddButtons.indd 17 1

2021-10-06 4:32 PM 2021-10-13


7 QUESTIONS TO ASK A

POTENTIAL CONTRACTOR

When it comes to renovating your home, be it a kitchen remodel or a bathroom overhaul, you want to be sure you hire the right professional for the job. This is the person you are depending on to tear down your walls and spend your dollars wisely. Avoid a renovation nightmare by researching a few different contractors and setting up an interview with each of them. Here are seven interview questions to ask a potential contractor to ensure you hire the right pro! 1 Are you licensed, bonded and insured? Contractors in Ontario must work through Tarion, a program created by the Province, to become registered in their profession. Make sure you ask to confirm that they are registered, and that they carry insurance. If they are insured, so are their employees. This is vital when choosing a contractor, because if they are not insured and someone gets injured on your property, you will be liable and they can sue. Bonds, such as a surety bond, will ensure that if they go out of business mid-renovation or they do not finish the job for another reason, you are not liable for the additional costs to fix the job or pay their bill. 2 What is the cost breakdown? Never settle for a general or overall price estimate. Asking for an itemized cost breakdown is a vital step in the interview process. This way, you can see what they are charging you for and decide on any changes before they start. Oftentimes, there are many hidden fees that a homeowner may never know about. With a cost breakdown, you can discuss your options, update plans and even consider more cost-effective materials for your project.

87880.23.10_Editorial_PotentialContractor.indd 3

2021-10-07 9:51 AM


3 What is the anticipated timeline for this project? After discussing the cost, you want to understand how much time your project will take. Of course, you will likely not be offered a set finish date, as weather and other incidents may change things. Remember that delays are common and unforeseen circumstances may end up changing the completion date. Work closely with the contractor to set an anticipated start and end date, and if you need the work finished by a specific date, be sure to mention this now rather than later. 4 How long have you worked in this area? In order to build a good reputation in a city or community, contractors must perform at a high-quality standard. Understanding how long they have been in business and how long their employees have been working with them will give you a better idea of how the finished product will look. If they have experience working in your area before, they will have a better understanding of permit regulations and any possible issues in your area, such as piping and electrical work, that you may not be privy to. 5 Can you share references from past customers? Previous customers are your best source of information on how well a contractor performed. In addition to doing your own research and reading online reviews, ask them to share a few past customers for you to speak with. When you do reach out, ask questions such as, “Were deadlines and expectations met?” and “What were your best and worst experiences working with this contractor?” This will help you get a better understanding of the contractor’s communication skills, as well as the quality of work you are paying them for. 6 Will you obtain the correct permits? Permits are almost always required for professional remodeling jobs. Make sure that your potential contractor understands the rules and guidelines for permits in your area, and that they will help to schedule a visit from an inspector. Once a building inspector reviews the project and approves it, your contractor will be issued a permit to start the work. Remember to ask for copies of any and all permits for your records. If a contractor tells you they do not need a permit, do not hire them! 7 Can we put everything in writing? In addition to collecting copies of the required permits, you want to ensure everything is put in writing. Every detail should be included in a contract, such as payment schedules, cost breakdown, timetables, materials purchased and other essential information. Before you decide on a contractor, be sure contracts are complete and signed before any work is started. Do not trust a contractor who refuses to put things in writing or tries to talk you out of a contract. Reprinted with permission from RISMedia. ©2021. All rights reserved.

87880.23.10_Editorial_PotentialContractor.indd 4

2021-10-07 9:51 AM


#SupportLocal

your favourite local shops all in one place! MAISON APOTHECARE

SHOP NOW

CBD Body Lotion (750mg CBD)

Cookie Gift Basket

Canvas Tote - Beach Please

Hands-Free Cotton Rope Leash

Sold By: Bodega Wellness, Burlington

Sold By: Kiki's Cookies

Sold By: Lakeside Livin', Oakville

Sold By: Parker & Co., Mississauga

Shop online at looklocal.ca

87880.23.10.LLMarketplace.indd 1

2021-10-06 5:15 PM


W E LC O M E TO

7606 CANBOROUGH ROAD, DUNNVILLE $1,449,000

TAKE A

VIDEO TOUR CLICK HERE

TEXT RBHBGFV TOLL FREE TO 844-928-0132 FOR MORE INFO AND PHOTOS

A STUNNING MODERN FARMHOUSE This 6-bedroom home is filled with exquisite original character and updated with the luxury of modern conveniences. Completely renovated including a major addition, a new poured concrete foundation, and all new mechanics. More than 4000 sq ft of luxurious living space including high quality fixtures & finishes, and a new modern basement with separate walk-up basement. Situated on 1.5-acres of peaceful country property and located only 10 minutes to downtown Dunnville, or less than 30 minutes to Hamilton and GO transit. Virtual Tour: www.7606Canborough.ca

905-802-4769

87880.23.10_GirardTeam.indd 121 ConentsPage_AddButtons.indd

KEVIN GIRARD

SALES REPRESENTATIVE

info@Gteam.ca

2021-10-06 2021-10-13 10:38 4:21 PM AM


H A LT O N H A M I LT O N H O M E S

MARKET UPDATE HAMILTON

NUMBER OF SALES

LAST YEAR

THIS YEAR

1,400

1,195

1,137

1,200

966

1,000

1,058

865

782

766

800

737

597

600 400

1,053

981

341

200

APR

MAY

JUNE

JULY

AUG

SEPT

NUMBER OF NEW LISTINGS 1,694

1,800 1,600

1,430

1,400

1,177 1,194

1,200

1,242

1,000

600

916

769

800

1,253

1,219

940

856

564

400 200

APR

MAY

AVERAGE SALES PRICE

JUNE

787

$700 $600

788

793 604

556

AUG

SEPT

($1,000)

$900 $800

JULY

617

780 627

797

779 662

664

$500 $400 $300 $200 $100

APR

MAY

JUNE

JULY

AUG

SEPT

SOURCE: REALTORS’ ASSOCIATION OF HAMILTON BURLINGTON ALL RESIDENTIAL COMPARISON APRIL 2021 - SEPTEMBER 2021

87880.23.10.MarketStats.indd 3

2021-10-06 5:09 PM


H A LT O N H A M I LT O N H O M E S

MARKET UPDATE BURLINGTON

LAST YEAR

NUMBER OF SALES 450

415

406

387

373 339

350

THIS YEAR

344

326

279

258

233

250

196 150

114

50

APR

MAY

JUNE

JULY

AUG

SEPT

NUMBER OF NEW LISTINGS 600

492

500

436

465

522

499 422

417

400

200

303

287

300

311 254

186

100

APR

MAY

AVERAGE SALES PRICE

JUNE

1,127

1,059

1,043

1,001

$1,000

833

AUG

SEPT

($1,000)

$1,200

808

JULY

873

885

1,047 868

1,065 906

$800

$600

$400

$200

APR

MAY

JUNE

JULY

AUG

SEPT

SOURCE: REALTORS’ ASSOCIATION OF HAMILTON BURLINGTON ALL RESIDENTIAL COMPARISON APRIL 2021 - SEPTEMBER 2021

87880.23.10.MarketStats.indd 4

2021-10-06 5:09 PM


Isaac Phillips SALES REPRESENTATIVE

DENA ZLATAR*

Top 1% for Royal Lepage in Canada 21 years. 905.774.7631

Text RBHGBTF

$749,900

Text RBHGBTL

Text RBHGBTM

$399,900

$689,900

NEW LISTING - COUNTRY LOCATION, MINUTES TO TOWN! 2+1 bedroom bungalow. Huge vaulted great room overlooking back yard w/open concept kitchen & dining area. L shaped 1.2 acre lot w/ detached heated workshop w/3 overhead doors.

Text RBHGBSY

Text RBGZXVM

$985,000

$549,900

NEW LISTING - GORGEOUS COUNTRY HOME Just over 1 acre, beautifully landscaped. 2 beds, 2 baths, living room with vaulted ceiling and entertainer's style kitchen. Basement fully finished with in-floor heating, theatre sound.

Text RBGLZZN

Text RBHBFFG

$539,900

$1,215,000

GORGEOUS LOG HOME 7.5 acres of sandy loam soil. Upper level large master bed w/ ensuite privileges, his/her closets, & bonus loft/den. Finished lower level rec room. Inground pool, huge deck.

Text RBHGCHG

CUSTOM BUILT BUNGALOW Gorgeous executive style bungalow. 3 bdrms, open concept living/dining, vaulted ceilings, kitchen perfect for entertaining. Full partial finished basement. Quiet rural location on dead end street.

Text RBGFFRX

Text RBGXNDG

$499,900

NEW LISTING - SOLID TRIPLEX Main floor 1 bedroom and bachelor, and upper 2 bedroom PLUS detached 5 car garage also rented out. Gross income $2,220 per month.

NEW PRICE- LAKE ERIE LIVING 4-season, open concept raised bungalow features 2 beds, 2 baths, large oak kitchen w/recent upgrades. Fenced 50 x 100 ft lot, w/gazebo, beautifully landscaped gardens. Private beach access.

Text RBHCSKW

$1,185,000

LAKE VIEWS! 2016 custom open concept bungalow/ lake views in Port Maitland! Huge wrap around covered deck, full basement & separate bunkie! PLUS deeded access to wide sandy beach.

NEW LISTING - 4 SEASON COTTAGE! Cozy 2 bedroom cottage. Kitchen boasts custom cabinets, stone backsplash and granite counters. Finish the loft space for even MORE living area + Bunkie. Ownership on water side.

Text RBHGCHF

$899,900

NEW LISTING - IDEAL BUILDING SITE Quiet county subdivision along Lake Erie. Lot owners enjoy exclusive use of waterfront park & access to lake. Call re: zoning. Buyer to satisfy themselves regarding any & all permits.

ERIN ROBERTS**

905.774.8144 ISAACPHILLIPS.COM

$799,900

NEW LISTING - GORGEOUS CENTURY HOME 4 bed, 2 1/2 storey w/tons of character. Original wood trim, wood floors, and front entry door, updated windows, 2 stained glass windows, metal roof, welcoming front verandah, amazing curb appeal.

NANCY ORT*

$499,000

17 ACRES! Unique property fronting lower Grand River & Main Street East. Beautiful river views. Endless possibilities. All the perks of private lot with the benefit of 102 ft of main street frontage!

DIRECT WATERFRONT Walking distance to fantastic sand beaches and Long Point Conservation Park. Lot has metal retaining wall and boat slip with access to Lake Erie.

TEXT CODES TO 844-928-0132 for MORE INFO & PHOTOS! *Sales Representative ** Marketing Coordinator

23.10_ezads_export.indd 24

2021-10-06 4:58 PM


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.