Tag: residential real estate
RAHB realtors release April 2022 market statistics
The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,298 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2022.
- Sales were down by 20.7% month over month, and down by 31.3% compared to April 2021.
- There were 2,451 new listings in April, which was down 3.6% month over month, and compared to April 2021, there was a decrease of 7%.
- The average sale price for residential properties across the RAHB market area was $1,013,081, which was down 5.6% over the previous month, and up 18.2% compared to April 2021.
- The inventory of listings increased to 1.2 months of inventory in April compared to 0.7 months in March. READ MORE >>
April listings: Hamilton’s most and least expensive homes on the market
This month price tags varied from the low end of $399,000 to $3,999,999
Unsurprisingly, despite efforts from the Bank of Canada to tame it, the housing market continues to climb.
A report released last week from the Canada Mortgage and Housing Corporation stated the average home in the Hammer is expected to cost over $1 million beyond 2024. The average single-family home in the city is currently $992,500.
With that in mind, here are Hamilton’s least and most expensive homes listed on Zoocasa, as of April 26.
Five lowest-priced homes
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28 Northcote St.
Listed for $399,000, this recently renovated home sold at $550,000 after eight days on the market. Located around the corner from Dofasco, the four-bedroom, two-bath house has a open-concept main floor and a unique loft space that can be transformed into whatever tickles your fancy. READ MORE >>
Changes including opt out choice on blind bidding coming to home buying in Ontario
The Canadian Press, April 19, 2022
TORONTO — The Ontario government is giving property sellers the option of disclosing the details of competing offers, but not going as far as to ban blind bidding.
Minister of government and consumer services Ross Romano said in a statement that sellers will get to choose if they want to “opt for an open offer process” and share bids.
“Sellers will no longer be limited to selling their property through a closed or traditional offer system,” he said.
Blind bidding, a practice where buyers bid for a home without knowing the size of competing offers, is pointed to by some as one of the drivers behind inflated home price gains. READ MORE >>
CREA reports home sales down in March, average price up 11.2 per cent from year ago
OTTAWA – The Canadian Real Estate Association says home sales in Canada fell in March, while prices were up 11.2 per cent compared with a year earlier.
The association says home sales in March were down 16.3 per cent compared with the same month last year when they hit an all-time record. READ MORE >>
March listings: Hamilton’s most and least expensive homes on the market
Sun., March 20, 2022
Rents across the city are skyrocketing, while the inflation rate soars and housing prices continue to climb.
Hamilton is now the 18th most expensive city to rent an apartment in Canada.
If that’s got you considering home ownership, here’s a rundown of Hamilton’s least — and most (for the fantasy) — expensive house listings from March, according to Zoocasa.
Five lowest-priced homes
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187 Lottridge St.
First-time home buyers looking for a detached house in the lower city will be intrigued by this $449,900 price tag. READ MORE >>
Corktown semi listed at $449,900 needs ‘some love,’ says realtor
Corktown semi listed at $449,900 needs ‘some love,’ says realtor
The Augusta Street semi-detached home is just steps away from John Street South.
#HamOntHouseHunt is a regular feature looking at houses for sale in the Hamilton-area market. Have a tip? Email us at fhewitt@torstar.ca
Price: $449,900
Neighbourhood: Corktown
Features: Located in the downtown core and a short walk from the Hamilton GO Centre, this semi-detached home is one of just a handful of properties listed in the neighbourhood.