real estate

September 2018 STATs for Burlington

The chart above, Residential Market Activity for RAHB Areas, illustrates how much the average price for Burlington has changed and it’s showing us how much each area has changed since last year. We can see that there were a total of 247 sales for the month of September, which is an increase compared to last year.

 

The Average Residential Price by District graph indicates to us that Burlington is doing well from the escarpment to the bay. And that it continues to remain a hot area. You’re also able to see the average cost of a home for the month of September in each area.

The chart above, Residential Marketing Activity, includes area 35, which are the neighbourhoods of Millcroft and Headen Forest. We can see the sales activity was 86 for the month of September, down 2.4% but still up from 2016.

RAHB reported 948 sales of residential properties and a 4.6% increase over the same month last year. And that The Sales to New Listing Ratio was 50.1% – indicating that the overall residential market for the RAHB area is in a balanced position.

With a Sales to Listing Price Ratio of 98.4% we can see that this area of Burlington continues to do well. Millcroft and Headen Forest continue to stay consistent and the average time a home is on the market at 27.8%.

For more in-depth statistics and additional metrics, please refer to RAHB’s Burlington Residential Marketing Report for September 2018. 

And if you’re thinking of selling your home please make sure you contact us. We are ready to help you find what you’ve been dreaming of.

Ontario Introduces Fair Housing Plan

A week ago the government of Ontario announced a new “comprehensive package of measures” to cool off the hot real estate market in the GTA, work on increasing housing supply and help protect renters against unfair rent increases.

Greater Golden Horseshoe
Greater Golden Horseshoe

Here is a brief summary of what the Ontario’s Fair Housing Plan includes:

  1. Introduce a 15% Non-Resident Speculation Tax (NRST) on the price of homes in the Greater Golden Horseshoe, if purchased by individuals who are not citizens or permanent residents of Canada or by foreign corporations.
  2. Expand rent control to all private rental unit, even if build after 1991. Meaning the annual rent increase is a caped at 2.5%.
  3. Establish timelines for elevator repair, as more and more residential high-rise buildings are being constructed, making elevators more reliable is a must.
  4. Crack down on unfair and unethical real estate practices like “paper flipping” or “double ending”, ensuring that Ontario is leader in real estate standards.
  5. Ensuring property tax for new multi-residential apartment buildings is charged at a similar rate as other residential properties.
  6. Allow municipalities to introduce a Vacant Homes Property Tax to encourage property owners to either sell or rent.

Looking to sell your home? Or buy a first time home, or move up, or downsize? Let Lori VanDinther, RE/MAX Sales Representative guide you through the process and help you make the right moves. With over 23+ years of successfully selling real estate in Burlington/Hamilton area, Lori has the experience and market knowledge. Contact Lori today.

Ever Wonder After The Sold Sign Goes Up, How Soon You Should Start Packing?

What is the absolute worst part about moving? Packing! Whether it be the actual task of boxing something, making sure breakables are wrapped and protected or simply taping up the boxes, no one enjoys packing for a move.  What if we told you we had some advice and tricks that could help you with the process – good news, we do!

Jewelry

Jewelry is always a tricky one.  When it comes to valuables, personally escorting it from and to your new location might be a good idea. When it comes to the less valuable every day jewelry such as earrings and necklaces, consider packing them in old egg cartons, before places in a box.  This will not only keep them organized, but will also protect them.

Another great idea is to thread your necklaces and bracelets through a straw to prevent tangling.

Kitchenware

When packing plates, we would recommend purchasing a roll of bubble wrap for added protection.  This can be purchased at an office store or even the post office.  When placing the plates in the box, try placing them standing up instead of lying flat.  This will allow you to fit more in the box.  To give them added protection, wrap them individually and then in groups of 6 to 8.

Glasses and cups

Ever wondered what to do with that solo sock whose partner has somehow gone missing?  Use them to stuff inside the glass to prevent from breaking.  Other tricks include turning handles inward when packing to maximize space.  Another great alternative when packing cups and glasses is to use beer and wine boxes from the liquor store, which are free.

Clothing

When it comes to moving clothing from dressers and hutches, consider leaving the clothes in the drawer and protecting it with plastic wrap.  You already have to move the drawers, so why create double the work for yourself.  When it comes to your closet wardrobe you might want to invest in moving boxes that allow you to keep your clothing hung.  This will allow for a simple transfer back into the closet and save you loads of time.

Electronics

Electronic cords are a frequent frustration when packing and unpacking.  To keep the cords organized and to remember what electronics the cords are for, invest in zip ties and plastic tabs for labeling.  While it might seem like a little extra work at first, it could save you hours in the long run.

Packing always takes longer than you think, so make sure you start immediately – especially with purging and donating!