Wednesday, March 9, 2011

Thursday, March 3, 2011

$70000 PRICE REDUCTION???



Ok, so I'm perusing the daily "hot sheet" and came across a listing for a beautiful detached home in Burlington that has just been reduced by $70 000!

Not sure what's going on here.  It could have been ambitiously priced from the start.  I checked the sales history and the house was for sale last year.  Similar scenario but this year it's priced less than last year by $30 000.  Motivated seller???

The house is a detached 4 bedroom near the lake.  Appears updated from the photos. Large yard, mature landscape and an in-ground pool.

Keeping my eye on this one!

I can't publish the address or photos. However,  Email me and I can share the listing with you.

Tuesday, March 1, 2011

Invested in JOY




My business partners and I jumped at an opportunity to invest in Branthaven's JOY Condominium developement, this weekend.   We were attracted to the price point, location (south Burlington, near the highway) and the builder's reputation.  

They are expected to break ground this spring and possession is tentatively set for April 2012.  The development is a mix of commercial/residential units on the street side and townhomes in back.

1000+ s.f. commercial units go on sale this week.

Tuesday, February 22, 2011

Windows 101

Here's a good visual primer.  Beckerwindows.ca has detailed info along with sample photos of the following types of windows.  Click on the pic to learn more.



Personal opinion:  If you're replacing windows, spring for the window grills.  It's a decorative option and makes all the difference in curb appeal.  


Monday, February 21, 2011

Improve Your Listing's Photos with HDR - The Real Estate Tomato


I always wondered what made certain listing photos stand out.

Oddly enough, I was surfing a private sale website and noticed that the photos from each listing were very vivid...like they were pulled from a magazine.

I thought, "I've used professional photographers to shoot my listings and the photos never turned out as good as these! How do they do that?"

Well, the answer was right in front of me. On one particular listing, each photo caption included the room description and the letters "HDR".

I "Googled" that little clue and viola!

Improve Your Listing's Photos with HDR - The Real Estate Tomato

Saturday, February 12, 2011

BIKE FRIENDLY BURLINGTON

I'm looking forward to the proactive efforts of the city so we can safely bike all over town.  Time to park the car and hop on the bike!

Excerpted from the Cycling Master Plan:


"The benefits of cycling are significant to individuals,
our community and the environment.  Cycling is
enjoyable, efficient, affordable, healthy, sociable,
quiet, and a non-polluting form of transportation.

The Burlington Cycling Master Plan is a result of an
initiative identified in the City’s Strategic Plan:
Future Focus VII:

• Goal: Provide an effective transportation
network that moves people and goods
efficiently within the City and neighbouring
areas.
• Strategic Action: Build infrastructure to
support the City’s transportation demands,
optimizing traffic flow and encourage
alternative modes of transportation.
• Initiative: In partnership with the Burlington Cycling Committee, update the 10-
year Bikeway Master Plan, including strategies and recommendations related
to financial and other resources required to ensure safe, reliable and fully
integrated infrastructure for cycling."


City of Burlington Cycling Master Plan

Cycling Plan MAP

Friday, February 11, 2011

TheSpec - Housing price stats a nice surprise

"A new report from Re/Max concludes the average price of a home in the Hamilton-Burlington area gained an average of 6 per cent a year through the past decade to almost double in price"

Thursday, February 10, 2011

January 2011 Market Performance

BURLINGTON

Units sold:  167
Avg. Price:  $356,491
Median Price:  $392,221
Avg. DOM:  55

MILTON


Units sold:  92
Avg. Price: $401,488
Median Price: $362,500
Avg. DOM:  28


OAKVILLE


Units sold:  175
Avg. Price:  $644,849
Median Price:  $522,450
Avg. DOM:  39


Sources:  http://omdreb.on.ca/memberstats/2011/January%202011%20Statistics.pdf 
http://www.rahb.ca/mlxchange/201101byarea.pdf

Wednesday, February 9, 2011

WHAT'S HAPPENING HERE? Burloak Drive and Upper Middle Road

In 2010, the intersection of Burloak Drive and Upper Middle Road was altered into a sweeping curve.  On the south-west corner, across from the Bronte Woods neighbourhood, there is vacant land.

I have been  asked about its future development and based on the Official Plan on the City of Burlington's website, this area is designated as General Employment land.

For some residential real estate investors, this is not the news they were looking for.  Personally, I would have loved to see new residences in that location.

So, there you have it!


View Employment Lands in a larger map

PREVIEW - Friday's Ad in The Burlington Post

Wednesday, January 5, 2011

Potential Changes to Mortgage Financing Rules

Excerpted from The Oakville Milton District Real Estate Board:
Jan 4- There is strong speculation the federal government may further tighten mortgage financing rules; in particular, raise down payment requirements and shorten amortization periods. This would make it more difficult for some Canadian families to realize the dream of homeownership and could have a detrimental impact on existing homeowners and the economy. Finance Minister Jim Flaherty said he is monitoring the situation, and will take action if needed.
In a December letter to the Minister of Finance, CREA’s CEO Pierre Beauchamp raised concerns about additional changes to mortgage financing rules.
It is important for Boards and Associations, Political Action Committee Representatives and individual REALTORS® to respectfully write their Member of Parliament (MP) and explain the negative impacts additional mortgage financing rule changes would have on homebuyers, homeowners and the economy.

December 2010 Market Performance

AVERAGE DAYS ON MARKET: 28

AVERAGE DAYS ON MARKET: 49

View the full report here.  


2010 Summary:

Oakville, unit sales were down less 7% over 2009 yet average and median sale prices gained 7% and 10%, respectively.  

Milton was similar with unit sales down 6%, average and median sale prices up 11% and 10%.   
*source:  December 2010 MLS Report, OMDREB.

Design & Architecture - Roof Shapes

You'll start to notice these roof styles on buildings more often after looking at this.