Blog Entries tagged 'Market Activity'

It's been a good year so far

admin@tamerfahmi.com — Tue, 07 Sep 2010 05:00:00 +0100

The Greater Hamilton-Burlington area resale market reported a total of 1021 units sold in August, indicating a decrease of 9.5 per cent from the same month last year but an increase of almost 2 per cent over July of this year, according to Multiple Listing Service® (MLS®) statistics released by the REALTORS® Association of Hamilton-Burlington (RAHB). Total unit sales for the first eight months of 2010 are being reported at 8.1 per cent higher than the same period last year, whi [...]

Duelling reports on housing

admin@tamerfahmi.com — Wed, 01 Sep 2010 05:00:00 +0100

A U.S.-style housing crash is unlikely in Canada, says a study by the C.D. Howe Institute.

A decline in underwriting standards played an essential role in the American housing boom and subsequent bust. That has not been the case in Canada, says the study released Tuesday.

It comes on the heels of another study by the Canadian Centre for Policy Alternatives, which said the Canadian housing market is a bubble ready to burst. It also shows the debate that economists are having over [...]

Demand and supply coming into balance in resale market

admin@tamerfahmi.com — Fri, 26 Mar 2010 05:00:00 +0100

OTTAWA - March 15th, 2010 - With rising activity in Toronto offset by lower activity in Vancouver, the number of homes sold through the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards edged lower in February. In recent months, national sales activity has slowed while new listings continue to rise, resulting in a more balanced national resale housing market.

According to statistics released by The Canadian Real Estate Association (CREA), seasonally [...]

Are Canadians better to go Fixed or Variable? BMO Mortgage Report

admin@tamerfahmi.com — Mon, 16 Nov 2009 05:00:00 +0100

Every homebuyer faces the age-old question of whether to choose a fixed or variable rate mortgage. A new report by BMO's Economics Department provides valuable insights to help consumers make the right choice.

"The question of whether to lock in to a longer-term fixed mortgage rate or stay in a variable rate has become an increasingly complex and important issue," said Doug Porter, Deputy Chief Economist, BMO Capital Markets. "Short-term rates ar [...]

Hamilton - Burlington real estate market one of the healthiest in the country.

admin@tamerfahmi.com — Mon, 05 Oct 2009 05:00:00 +0100

(October 5, 2009 - Hamilton, Ontario) The Hamilton-Burlington area resale market reported a total of 1,216 units sold in September, indicating an increase of 20 per cent over the same month last year. The total unit sales for the first three quarters of 2009 are being reported at 2.6 per cent lower for the same period last year, while new units listed are 8.8 per cent lower for the year-to-date, according to Multiple Listing Service® (MLS®) statistics released by the REAL [...]

Real estate recession over, new stats show

admin@tamerfahmi.com — Fri, 25 Sep 2009 05:00:00 +0100

Meredith Macleod
The Hamilton Spectator
(Sep 25, 2009)

Bidding wars are back for homes in Hamilton and Burlington.

Local realtors say houses are being snatched up quickly. A survey released yesterday by ReMax suggests home prices are ahead of the record levels of 2008 in seven of 11 markets across Canada.

Tamer Fahmi, broker at Hearth and Home Realty in Burlington, says there is strong activity across all price ranges and housing types.

A well-priced, [...]

MLS® home sales forecast revised

admin@tamerfahmi.com — Fri, 28 Aug 2009 05:00:00 +0100

Have you noticed that the pace in the real estate market has regained momentum lately? Well your observations are accurate, according to the latest REALTORLink® News Release by the Canadian Real Estate Association (CREA).

Mr. Dale Ripplinger

2009/10 CREA President

It is clear that the real estate market has nationally shifted to a "Buyers' Market" a long overdue relief for many buyers who are looking to enter into the home ownership club.

While news releases are usually too generic in nature, it is most important that you analyze the specific market that you are considering to participate in.

Having primarily served the Burlington and surrounding area since 1989, at Hearth & Home we believe tha [...]

Great news for 2009...REAL ESTATE IS ON SALE!

admin@tamerfahmi.com — Thu, 08 Jan 2009 05:00:00 +0100

After a good run of a buoyant Sellers' real estate market the pendulum and power has just shifted to the Buyers' side!

If you are a first time Buyer it is a great time to negotiate your way into home ownership. Just like Boxing Day sales, the deals are better now than they have been through good economic times. So instead of buying that big screen plasma TV, computer or new sofa, it's time to invest in a piece of real estate right now! The added bonus for you is th [...]

CREA President comments on the Canadian real estate market

admin@tamerfahmi.com — Sun, 26 Oct 2008 05:00:00 +0100

Cal Lindberg

The President of The Canadian Real Estate Associa [...]

New MLS® residential listing levels reach new heights in July

admin@tamerfahmi.com — Fri, 05 Sep 2008 05:00:00 +0100

OTTAWA - August 29th, 2008 - The number of new listings of homes for sale on the Multiple Listing Service® (MLS®) of all real estate Boards in Canada set a new record in July 2008, according to MLS® statistics released by The Canadian Real Estate Association (CREA).

New MLS® residential listings numbered 80,147 units in July 2008, up 1.4 per cent from the previous month and 0.5 per cent above the previous record set in May 2008. This is the first time in any month that n [...]

July In the Market...

Wed, 16 Jul 2008 05:00:00 +0100

Unit sales remain strong in Burlington

As we conclude the first half of 2008, the Burlington area real estate market is still showing customer confidence and enthusiasm, adding 350 unit sales in the month of June, this brings the monthly average year-to-date to 298 units sold per month or a total of 1,788 residential homes sold. This is slightly above the monthly average for 2007, which was recorded at 291 units sold per month. Average home prices are currently sitting at $352,274, agai [...]

Spring Market Analysis Part II - Burlington Ontario

Mon, 23 Jun 2008 05:00:00 +0100

Burlington unit sales showed a volume of 1438 units sold as of May 31, 2008, at an average sale price of $351,756, averaging 97% of the asking price, while remaining on the market for a period of 43 days.

Comparing this volume with same period last year, unit sales were 1567 representing an 8.97% drop in sales volume; at the same time in 2008 the average sale price increased from $333,322 in 2007 to $351,756, a 5.53% increase in market value over a year ago.

The most intriguing ob [...]

Spring Market Analysis

Sun, 20 Apr 2008 05:00:00 +0100

January 1, 2008 to March 31, 2008 Statistics

Burlington Sales: 719 units, at an average price of $348,015. Remaining on the market for an average of 45 days.

Hamilton Sales: 1,136 units, at an average price of $192,431. Remaining on the market for an average of 50 days.

Ancaster Sales: 111 units, at an average price of $352,752. Remaining on the market for an average of 55 days.

Waterdown Sales: 67 units, at [...]

CREA Real Estate Economic Outlook - 2008

Sun, 27 Jan 2008 05:00:00 +0100

Read this recent message sent by Ms. Ann Bosley, 2007 CREA President, to all Canadian Real Estate boards and Associations;

Click here here for full report and statistics

January 23, 2008

Attn: Boards and Associations

The Canadian Real Estate Association today issued the attached news release to provide a dose of "economic reality" about the housing market in Canada. Events of the past week, in [...]

Housing Market Outlook - Hamilton - Burlington 2007-2008

Thu, 13 Dec 2007 05:00:00 +0100

Low interest rates, increased employment levels and a healthy economy spurred solid real estate activity in Hamilton-Burlington in 2007. The number of homes sold is expected to top 13,760 units by year-end, representing a 5% increase over 2006 levels. Average price is to climb 7% to $268,000, up from $248,754 one year earlier. First time buyers remain a force in the residential marketplace, looking for condos priced from $200,000 & detached homes from $250,000. Also active in the market [...]

National Summary 2007

Wed, 12 Dec 2007 05:00:00 +0100

National MLS® resale housing activity in October 2007 reached its highest level on record for the month of October and sales remain on track for a new annual record, according to statistics released by The Canadian Real Estate Association (CREA).

Seasonally adjusted sales climbed 1.3 per cent compared to the previous month to 41,871 units in October 2007. The monthly increase resulted from strengthened activity in Ontario and Quebec, which more than offset fewer sales in British Co [...]