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Real Estate and Mortgage News

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DateHeadline/Summary
Nov 04 RAHB REALTORS® Release October 2019 Statistics
(Nov 4, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,145 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October 2019. October sales are up from September and August, as well as up from October 2018 by 6.4 per cent. The average price for residential properties increased by 7.1 per cent from October 2018 to $602,029. "The RAHB market area experienced more activity in October with an increase in number of sales from last month, as well as from the previous year, which is good news for sellers," says RAHB President Bob Van de Vrande. "The number of new listings dropped by eight per cent compared to October 2018, and by nearly 12 per cent since last month, so there was less choice for buyers."
Oct 02 RAHB REALTORS® Release September 2019 Statistics
(Oct 2, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,020 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in September 2019. September sales are down from August and July, but are up from September 2018 by 3.2 per cent. The average price for residential properties increased by 8.5 per cent from September 2018 to $609,562. "With an increase in the number of homes currently available, and a more relaxed pace in the market, this may be an ideal opportunity for buyers to purchase their dream home," says RAHB President Bob Van de Vrande."
Sep 03 RAHB REALTORS® Release August 2019 Statistics
(Sep 3, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,067 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in August 2019. August sales are down from July and June of this year, as well as August of 2018; however, the 2019 year-to-date number of sales is up 10.2 per cent over 2018. The average price for residential properties increased by 6.4 per cent from August 2018 to $599,589. "The year-to-date number of sales is higher in 2019 compared to 2018 because we had a stronger spring," says RAHB President Bob Van de Vrande. "If the average price continues to increase and inventory stays low, we may shift out of the balanced market we???ve been experiencing over the last year and a half as we move into a busy fall."
Aug 01 RAHB REALTORS® Release July Statistics
(Aug 1, 2019 - Hamilton, Ontario) 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."
Jul 02 RAHB REALTORS® Release June Statistics
(Jul 2, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,203 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in June 2019. This is a 4.2 per cent increase from June last year; however, a 10.5 per cent decrease over May 2019 and a 1.9 per cent decrease from April 2019. The average price for residential properties increased by 5.2 per cent from June 2018 to $593,549; however, decreased from May 2019 by 0.03 per cent. "The number of sales and average price is up over 2018, showing that the market is edging higher since it balanced out last year," says RAHB President Bob Van de Vrande. "Sales have dropped compared to May and April of this year, but paired with a decrease of about four per cent in the number of new listings this could indicate the market is tightening."
Jun 18 Renters beware: Rental scams continue in Hamilton
(Jun 18, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) would like to issue a warning to the public that rental scams continue to take place within the City of Hamilton. RAHB continues to receive reports from REALTOR® members who find their for-sale properties posted without permission for rent on various online classified websites. RAHB encourages potential renters to be aware of a listing that seems too good to be true. "Prospective renters should always view a property beforehand, and obtain a phone number and office location for the landlord. When working with a REALTOR®, a business card would be provided," says RAHB President Bob Van de Vrande. "With increasing demand for rental housing, renters need to be extra cautious and exercise good judgement."
Jun 03 RAHB REALTORS® Release May Statistics
(Jun 3, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,344 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in May 2019. This is a 10.9 per cent increase from May last year, as well as a 9.6 per cent increase over April 2019 and a 30.2 per cent increase over March 2019. The average price for residential properties increased by 0.9 per cent from May 2018 to $593,702. "The number of sales increased double digits over last year and the number of new listings decreased by 5.2 per cent, indicating that we are in the thick of a busy spring market for sellers," says RAHB President Bob Van de Vrande. "And prices only increasing an average of 0.9 per cent over last year means buyers haven't watched prices soar while they find the perfect home."
May 09 REALTORS® raise $76,525 for the Children's Fund
(May 9, 2019 - Hamilton, Ontario) Many children throughout Hamilton and Burlington will have a brighter holiday season this year, thanks to the generosity of those who attended and contributed to the REALTORS® 4 Kids Charity Auction held on November 15, 2018. The REALTORS® Association of Hamilton-Burlington (RAHB) raised $76,525 for the 900CHML/Y108/Fresh Radio 953 Children's Fund through the Auction, which was held for its 30th year. "This goes to show that great things can happen when REALTORS® come together to support the children in our community," said Jack Loft, RAHB President. "The support our members and community show every year is amazing."
May 01 RAHB REALTORS® Release April Statistics
(May 1, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,226 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in April, 2019. This is a 6.3 per cent increase from April last year, as well as an 18.8 per cent increase over March 2019 and a 66.8 per cent increase over February 2019. The average price for residential properties increased by 3.9 per cent from April 2018 to $589,324. "It's encouraging to see the overall number of sales increase since last year when the market balanced out from 2016 and 2017," says RAHB President Bob Van de Vrande. "Paired with a consistent increase in new listings month over month, Hamilton, Burlington and the outlying areas provide choice for buyers and a healthy market for sellers."
Apr 01 RAHB REALTORS® Release March 2019 Statistics
(Apr 1, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,032 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in March, 2019. This is a 1.2 per cent drop from March last year; however, a 40 per cent increase over February 2019 and a 74 per cent increase over January 2019. The average price was up from March 2018 by 4.9 per cent to $575,099. "The increase in the number of sales from January and February shows that we are full steam ahead and anticipate a healthy spring market," says RAHB CEO George O'Neill. "We experienced a two per cent increase in the number of listings over last year, which means more overall choice for buyers."
Mar 01 RAHB REALTORS® Release February 2019 Statistics
(Mar 1, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 735 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in February, 2019. This is a 4 per cent drop from February last year; however, a 24 per cent increase over January 2019. The average price was up from February 2018 by 1.9 per cent to $557,135. "Last year this time we saw the beginnings of a more balanced market," says RAHB CEO George O'Neill. "The data for January and February is trending upwards and could lead into a healthy spring market for both buyers and sellers."
Feb 04 RAHB REALTORS® Release January 2019 Statistics
(Feb 4, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 593 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in January, 2019. This is a 3.6 per cent drop from the same month last year. The average price was up by 4.7 per cent to $550,058. The number of sales for single family properties within the entire RAHB market fell by 2.8 per cent compared to the same month last year, and the average sale price increased by 7 per cent.
Feb 04 RAHB REALTORS® Release 2018 Year End Statistics (REVISED)
(Feb 4, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) has revised the 2018 year-end market data and reports. Inconsistencies were found within the 2017 data related to listings posted on multiple MLS® systems. These "double listings" resulted in the sales and listings figures being higher than what actually took place in 2017. In August of 2017 RAHB and the Ontario Regional Technology & Information Systems Inc. (ORTIS) entered into a data sharing agreement, whereby a REALTOR® would be able to view a property on both MLS® systems without having to list it on both.
Jan 02 RAHB REALTORS® Release December Statistics
(Jan 2, 2019 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 534 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in December, 2018. Although this is 26 per cent lower than the same month last year, the average price was up by 2.6 per cent to $543,210. Year-to-date (YTD) sales activity was down by 17.6 per cent from this time last year, and down 12.2 per cent from a decade ago. Average YTD price was also down from a year ago by 1.4 per cent, but up by 90 per cent from 2008.
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