Do a little budgeting
Take the guesswork out of complicated calculations thanks to our user-friendly calculators to help determine how much you can afford, what your mortgage payments might be and how much land transfer tax you could have to pay.
Hamilton, ON (August 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,170 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in July 2019. This is a 10.3 per cent increase from July last year; however, a 2.7 per cent decrease over June 2019 and a 12.9 per cent decrease from May 2019. The average price for residential properties increased by 0.9 per cent from July 2018 to $593,702.
“A yearly real estate cycle sees peaks in spring and fall, with a typically slower summer,” says RAHB President Bob Van de Vrande. “Average prices have stayed fairly stable since the spring high, which could point towards a healthy fall market when we could see the number of sales edge higher again.”
The number of sales for single family properties within the entire RAHB market increased by 13.1 per cent compared to the same month last year, and the average sale price increased by 7.2 per cent. Townhouse sales activity across the entire RAHB market area decreased from July 2018 by 4.5 per cent, and the average townhouse sale price increased by 1.8 per cent to $496,230. Apartment-style property sales increased by 38.5 per cent from July 2018, and the average price decreased by 8 per cent.
“Single family detached properties saw increases across both number of sales and average price; however, the most significant gain was in apartment-style condominiums,” says Van de Vrande. “An increase in sales of 38.5 per cent at a price point that is fairly stable, is a very affordable option for first-time home buyers and seniors looking to downsize.”
Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.
*Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Talk to your local REALTOR®".
Since its inception, Pinterest has been a go-to social media platform for designers and decor trendsetters — and why not? After all, it's a great way to gauge audience interest in your creative work. Which is why we decided to take a peek at our own Pinterest account — HGTV Canada — to find out which bathroom renovations and decor ideas garnered the most attention with our followers. What we found was a diverse collection of designs that you'll no doubt want to snag for your own bathroom reno.
The OPUS Team works 99% on referrals - a tribute of our dedication to our clients.
If you know anyone looking to buy or sell a property, we would really appreciate your referral.
Back to the top
Hamilton Office: (905) 664-5000
Burlington Office: (905) 634-9476
© 2016-2019 The OPUS Team