The Real Estate Book 25.1 Hamilton

GREATER HAMILTON

HOME & LIFESTYLE GUID E Volume 25, Issue 1

PROUDLY PRESENTING

A MAGAZINE WORTHY TRANSITIONAL MODERN HOME IN ONE OF ANCASTER’S MOST DESIRABLE NEIGHBOURHOODS! MORE INFO ON PAGE 8 TEXT RBJLSKW TO 844-928-0132 TOLL FREE

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Kevin & Tina Girard

Sales Representatives Royal LePage State Realty, Brokerage 905.574.7441 www.girardteam.ca

2023-01-23 8:43 PM

2

LYNN VIENNNEAU

TIERA DASS

LEAH GERRARD

Business Associate

Sales Representative

Sales Representative

Serving Southern Ontario| Serving Southern Ontario 1-833-385-9205 | 1-833-385-9205||905-389-6734 905-389-6734 || info@reishadass.com info@reishadass.com MOUNT HOPE LUXURY & ELEGANCE 4 bed, 2.5 bath home.

Upgraded kitchen. Cozy living rm & sep dining rm.

Main flr laundry. Finished basement. Upgrades include roof, garage door, staircase, hardwd flrs + much more.

TEXT RBJLJRH TO 844-928-0132

MOUNT HOPE BUNGALOW TOWNHOME Bright & spacious 2 + 1 bedrm, 2 bathrm. Open concept kitchen/living area, large master w/ensuite, main flr laundry, lower lvl recrm & bedrm. Short walk to clubhouse and amenities.

TEXT RBJGSDX TO 844-928-0132

HAMILTON WEST BRAND NEW CONDO 2 bedrm + 2 full bathrm, approx. 1050 sq ft, located in trendy neighbourhood. Minutes from Hess Village, Hamilton Go, Bus, highway, all schools.

Available immediately.

TEXT RBJLQHG TO 844-928-0132

NIAGARA FALLS FOR RENT 4 bedrm, 2.5 bathrm detached. Approx 2438 sq ft. Minutes to Clifton Hills. Close to schools, highways, downtown & outlet mall.

Available immediately.

Option to lease furnished.

Utilities excluded.

TEXT RBJLQHF TO 844-928-0132

W W W. R E I S H A D A S S . C O M

ELLEN BOYCE

KRISTA HANN SALES REPRESENTATIVE

BROKER

www.ellenboyce.com

905.648.4451

www.kristahann.com kristahann@royallepage.ca

2019/2020

2015-2017

SOLD WITH MUTIPLE OFFERS IN ONLY THREE DAYS!

LD O S

CUSTOM RAISED BUNGALOW on 1.43 acres. Picturesque, private treed setting with beautiful gardens.

Gorgeous sunset views from the south facing windows and balcony off the living room. Walkout basement. Truly one-of-a-kind! $1,150,000

CONTACT US TO DISCOVER HOW OUR PROVEN MARKETING PLAN CAN WORK FOR YOU, EVEN IN THIS CHANGING MARKET!

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www.lynnfeeteam.com team@lynnfeeteam.com

26 BAKER ROAD SOUTH, GRIMSBY | $999,000

58 BAYVIEW DRIVE, GRIMSBY | $869,900

41 CHESTNUT DRIVE, GRIMSBY | $1,299,000

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TEXT RBJLHHF

TEXT RBHSTMT

BUNGALOW W/INLAW POTENTIAL Fully finished 2 + 1 bedRm, 3 bath www.26bakerroadsouth.com

WALK TO THE LAKE 3 bedRm, 2 bath, backsplit w/hot tub. www.58bayviewdrive.com

MAGNIFICENT 'JEWEL' MODEL 5 bedRm, 4 bath w/3900+ sq ft of living space www.41chestnutdrive.com

77 PEACH TREE LANE, GRIMSBY | $1,175,000

7772 CONCESSION 2 ROAD, WEST LINCOLN | $900,000

4650 DORCHESTER ROAD, NIAGARA FALLS | $774,900

LD O S

TEXT RBJDRBQ

TEXT RBJKJJK

ELEGANT FAMILY HOME Fully finished, 4 bedRms, 4 baths, private yard. www.77peachtreelane.com

BEAUTIFULLY UPDATED BACKSPLIT No rear neighbours on 1 acre. www.7772concession2road.com

FANTASTIC INCOME POTENTIAL Fin'd elevated ranch w/in-law option! www.4650dorchesterroad.com

102 - 6 NIAGARA STREET, GRIMSBY | $549,900

4596 ABIGAIL LANE, BEAMSVILLE | $250,000

209-3420 FREDERICK AVENUE, VINELAND | $349,900

TEXT RBJHKHZ IN THE HEART OF GRIMSBY 2 bedRm + den, 1 bath condo www.102-6niagarastreet.com

TEXT RBJJKGQ ONE LEVEL LIVING 3 bedRm, 2 bath, in Golden Horseshoe Estates. www.4596abigaillane.com

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KELLERWILLIAMS COMPLETE REALlY

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Realtors®: Stephanie McIvor, McIvor, Realtors®: Lynn Lynn Fee, Fee, Stephanie Sales LynnCerisano, Fee, Stephanie Mcivor, Wendy Murray Tracey Cerisano, WendyRepresentatives Murray Nicholson, Nicholson,: Tracey Wendy Murray Nicholson & Torrin Fee, Broker Melissa & Fee, Melissa Vaidya, Vaidya, Miriam Miriam Chamberlain Chamberlain & Torrin Torrin Fee, Broker Broker

87880.25.1 EZ ads.indd 2

TEXT RBJJFTB EASY CONDO LIVING 1 bedRm condo in Heritage Village Community. www.209-3420frederickavenue.com

Text the unique Text Codes to 844-928-0132 for more information & photos

TOLL FREE

GRIMSBY

OFFICE

1-833-LYNN-FEE

905-945-6494

905-975-1055

(1-833-596-6333)

2023-01-25 12:48 PM

4

Market Update OSFI REACHES DECISION ON STRESS TEST Canada’s banking regulator has decided to not change its qualifying rate for uninsured mortgages, ignoring calls to relax the criteria amid rising interest rates over the past year.

The Office of the Superintendent of Financial Institutions (OSFI) announced that it will maintain the current stress test, which requires borrowers to show that they can afford a rate of either 5.25% or two percentage points above the contract rate – whichever is higher. OSFI said in a press release announcing its decision that it was “prudent” that borrowers continue to be tested for adverse conditions.

Questions about this?

Reach out anytime! We’d love to chat.

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EXECUTIVE CUSTOM DUNDAS CONDO

806-2000 Creekside Drive, Dundas $1,100,000 M E T I C U L O U S LY M A I N TA I N E D FA M I LY H O M E

178 Morwick Drive, Ancaster $1,249,900

Sarit@ZalterRealEstate.com Direct: 905.515.1950

Jordan@ZalterRealEstate.com Direct: 905.515.6331

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OA KV I L L E | B U R L I N GTO N | M I LTO N • G R E AT E R H A M I LTO N

G R E AT E R

H A M I LTO N

VOLUME 25 ISSUE 1

HALTON HAMILTON HOMES

PUBLISHER

Tim Root ACCOUNT MANAGER

Fred Ferri

Search ALL homes listed

PRODUCTION MANAGER

for sale on MLS, view our

Sarah Root

digital magazines, research local real estate market trends and insights, get home buying and selling tips, and more! From the same team who produce The Real Estate Book for the Halton and Hamilton region.

ART DIRECTORS

Jennifer Brewster Vanessa Chong CONTRIBUTING WRITERS

Julie Achtermeier Jason Woods MARKETING & COMMUNICATIONS COORDINATOR

Sarah Noble

Next Issue Submission Deadline FEBRUARY 16, 2023

For Advertising or General Inquiries:

905 845 8732 info@trebpublishing.ca trebpublishing.ca

HaltonHamiltonHomes.com

! TheRealEstateBook $ The.RealEstateBook

Want to see your home advertised in this magazine or featured online at RealEstateBook.com?

Contact any of the top real estate professionals advertised in this issue.

Another fine product from NewPoint Media Group, LLC. Bee Cave, TX © 2016, NewPoint Media Group, LLC PRINTED IN CANADA

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Colette Cooper

Gino Montani

Natalie Butler

Margherita Abitino

Broker

Broker

Sales Representative

Client Care Coordinator

TEXT CODE TO 844-928-0132 FOR MORE INFORMATION & PHOTOS FOR ANY OF THESE LISTINGS!

ON THE RAVINE! WOW! 3 bed, 2 bath family home approx 1211 sq ft + more fin'd space on lower level. Beautiful kitchen & dinette w/breakfast bar & French doors to patio, huge family room w/FP & separate entrance to fenced yard backing onto ravine. 1 car garage + double drive.

Well maintained home with many updates. Quiet neighbourhood, near parks, schools, & great Linc/Red Hill access.

366 St. Andrews Drive, Hamilton. $849,900 TEXT RBJLQHZ

UPDATED INSIDE & OUT! GORGEOUS, 1,790 sq ft Kirkendall home on rare 50' x 124' lot with Trillium Award landscaping. Light-filled open design, maple hardwood, fireplace, gourmet kitchen with S/S appliances & granite island, 3 beds + cozy den & main floor office. Spa bath with walk-in shower, soaker tub, & solar light. Updated inside & out!

Steps to Locke St & close to MAC & 403.

352 Herkimer Street, Hamilton. $998,000 TEXT RBJKQCG

AWARD-WINNING BUILDING! SOUGHT AFTER SOUTH BEACH condos with 5 star amenities in Etobicoke!

Resort-style living in a stunning Lake facing unit with bright, open layout, eat-in kitchen with island open to DR & LR. Sliding doors to balcony with breathtaking views. Primary bdrm with floor to ceiling windows, 3 pc ensuite, walk-in closet. 2nd bdrm + spa-like 4 pc bath & open den. Award winning building, 24 hour concierge, parking, locker & more!

88 Park Lawn Road # 1806, Etobicoke. $878,000 TEXT RBJLQJH

2 STOREY LOFT PENTHOUSE! FANTASTIC CONDO IN THE STINSON SCHOOL LOFTS 1894 sq ft, 2 beds with ensuites. Cool architectural design, exposed brick, soaring ceilings, rustic beams, hardwood, skylights & a great layout for entertaining!

PH 18-200 Stinson Street, Hamilton. $729,000 TEXT RBJJDSN

SWEEPING VIEWS MOST SOUGHT AFTER SPOT in the Core Lofts! 180 degree view from Harbour to Escarpment. 1 bdrm + den. High ceilings, in-suite laundry, 1 parking spot. Safe, wellmaintained building! Steps to everything!

703-66 Bay Street South, Hamilton. $2,700 /month TEXT RBJJQQX

HUGE MODERN CONDO FABULOUS, 2nd floor unit waiting to be converted from commercial to a HUGE, 2000 sq ft residential condo! 10 ft ceilings, floor-toceiling windows, 3 parking spots, rooftop patio, gym. Close to restaurants, shops, Pier 4!

201-181 James Street N, Hamilton. $1,075,000 TEXT RBJFSNL

colettecooper.com | 905.648.4451 | colettecooper@royallepage.ca

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TAKE A

VIDEO TOUR CLICK HERE

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Nancy Mazza

Ivan Kamladze**

SALES REPRESENTATIVE*

|

Cyndi Love**

E. Martin Mazza*

Nancy Mungar*

Emily DeNardis*

Jennifer Ferreira

BROKER**

TEXT RBJGZCZ

ONE-OF-A-KIND PORT DOVER CUSTOM BUILT HOME! $1,499,900 2 BRs - 2.5 Baths - 2,140 sq ft - SMART HOME features thruout - hardwood flrs quartz counters - statement loft w/glass floor feature - large BRs w/ensuites fin'd bsmt - covered portico.

TEXT RBJLSJD

ABSOLUTE BEAUTY IN SOUGHT AFTER ANCASTER! $1,429,900 3+1 BRs - 3.5 Baths - 2,330 sq ft - updtd kitch w/ granite cntrs - updtd bths - crown mldg wainscotting - Cali shutters - cathedral ceiling - gas f/p - fin'd bsmt w/ in-law suite potential - rear yd w/irrigation.

TEXT RBJKZRY

ONE-OF-A-KIND OPPORTUNITY IN QUIET ANCASTER NEIGHBOURHOOD! $1,399,900 3 BRs - 3 Baths - fin'd top to bottom - 2,670 sq ft - gorgeous front yard - backyard oasis w/in-ground pool - hdwd flrs - high ceilings - many new updates upper & lower laundry rms - in-law suite.

TEXT RBJKBKX

TEXT RBJLQMX

TEXT RBJKRTS

HAMILTON BEACH CUSTOM RAISED BUNGALOW! $1,349,900 4 BRs - 2 Baths - full walkout lower level - upgraded hardwood floors - new SS appliances - upper & lower decks triple det'd garage - 200+ ft driveway easy access to QEW, Hospital & more.

LAKEFRONT UPDATED BUNGALOW IN STONEY CREEK! $1,275,000 2 BRs - 2.5 Baths - updtd flooring - rich maple kitchen w/granite counters - high ceilings - custom accent wall in LR - oversized concrete patio overlooking Lake Ontario - main floor laundry - Cali shutters - 2 garages.

HAMILTON MTN BRICK BUNGALOW W/IN-LAW POTENTIAL! $899,900 3 BRs - 2 Baths - finished top to bottom - quiet neighbourhood - 2nd kitchen in bsmt - Lg rec room - updtd windows - appliances included - new garage door - newly fenced rear yard.

Change Your Home, Change Your Life®

themazzateam.ca 1-877-475-0230

*!"'

TEXT RBJLRYM

TEXT RBJLTBX

BEAUTIFUL 2 BEDROOM APARTMENT IN STONEY CREEK! $699,900 - 2 BRs 2 Baths - over 800 sq ft + balcony - 9ft ceilings - upgraded floors - ensuite bath - kitchen w/quartz counters & SS appliances - 2 parking spots - many building amenities & all amenities nearby.

AFFORDABLE EAST HAMILTON CONDO WITH ESCARPMENT VIEWS! $339,900 2 BRs - 1 full Bath - 715 sqft - views of Niagara escarpment - large balcony - fresh paint - laminate floors - large bright windows - updated bath - close to all amenities - walk to public transit - close to highway.

TEXT THE CODE TO 844-928-0132 FOR MORE LISTNG INFORMATION AND PHOTOS

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LACEY STEVENS

ANN TURNBULL

ADMINISTRATIVE ASSISTANT

SALES REPRESENTATIVE

LUKE O’REILLY BROKER

RACHEL VANDUZER SALES REPRESENTATIVE

NATALIE O’REILLY PROJECT MANAGER

TEXT RBJKBLG

PRIME LAWRENCE PARK LOCATION Elegant 6 bedroom, 3.5 bathroom, 2.5 storey with 2 car garage on a mature 105 x 150 foot irregular shaped lot in Toronto's highly sought after Lawrence Park neighbourhood. Features include original trim/mouldings/millwork, hardwood flooring, wood burning fireplace, 2nd level family room & more. An absolute gem in a prime location. $3,499,900

TEXT RBJLRYZ

LANDMART-BUILT IN ANCASTER'S MEADOWLANDS Luxurious 3,500+ sq ft (above grade), 4+1 bedroom, 3.5 bath, 2 storey. Features include an updated kitchen with quality appliances, in-ground pool, double car garage, hardwood flooring, fully finished basement & more. $1,599,900

TRISH SELWAY

CLIENT CARE REPRESENTATIVE

TEXT RBHRGPT

ELEGANT 2 STOREY HOME IN ANCASTER Luxurious 3925 sq ft, 4+1 bed, 3.5 bath home on a premium wooded lot on one of Ancaster's premier streets w/ full basement walk-out & in-law suite in lower level. Formal dining room, kitchen w/ breakfast bar, great room w/ exquisite stone fireplace. Enjoy breathtaking views. Award winning home w/ pride of ownership! $2,199,900

TEXT RBJJDPL

STUNNING 4 LEVEL BACKSPLIT ON HAMILTON MOUNTAIN Beautifully updated 3+1 bdrm, 2.5 bath 4 level backsplit in Rolston neighbourhood. Updates include kitchen, flooring, furnace, roof, & more.

Single car garage w/ inside entry. Charming rear yard w/ interlock patio. $819,900

TEXT RBJLRZB

CHARMING 1.5 STOREY IN WELLAND Updated 3+1 bdrm, 2.5 bath, 1,985 sq ft above grade plus fully finished basement.

Hardwood floors, wood burning fireplace, cove ceilings, updated kitchen, main floor den, sunroom and mudroom. Parking for 4+ cars plus heated garage. $729,900

TEXT RBJLTHW

TEXT RBJLRZC

TEXT RBJKRTQ

FULLY UPDATED 3 BEDROOM IN CROWN POINT Beautiful 3 bdrm 2 bath 2-storey steps from the shops & restaurants of Hamilton's trendy Ottawa St N village.

Updated eat-in kitchen, partially finished basement, 1 front parking spot, & too many updates to list! Great value. $579,900

EXCELLENT OPPORTUNITY IN STONEY CREEK'S POPULAR LAKEFRONT Meticulously maintained, 867 sq ft of living space, 1 bedroom + den, 1 bath, scenic Escarpment views. Open concept living/dining room w/sliding doors to balcony, hrdwd floors, den w/built-in cabinetry, spacious bedroom, laundry & more. $449,900

INCREDIBLE EXECUTIVE RENTAL OPPORTUNITY Bright, well-maintained 2 bed, 1 bath bungalow featuring openconcept floor plan, pot lighting, hardwood flooring, updated kitchen, spacious primary bedrm, fully fenced rear yard, and much more. Fantastic location. $2,300 / MONTH

TEX T TH E UNIQUE CODES TO 844-928-0132 FOR M O RE I N F O AN D PH O T O S TOP 2% IN SALES NATIONALLY (2017-22) TOP 35 UNDER 35 (2018-22)

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1.877.648.4451 THEOREILLYGROUP.CA

2023-01-25 12:54 PM

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GirarD T E A M

2020-22 2020 – 22

girardteam.ca

905-802-4769

TINA GIRARD

KEVIN GIRARD

JAKE ROBERTS

info@Gteam.ca

S A L E S R E P R E S E N TAT I V E S

Top 1% in Canada for Royal LePage

ANCASTER - $1,750,000

DUNDAS - $1,349,000

TRANSITIONAL MODERN – 3+1-bed, 4-bath, magazine worthy custom Branthaven home on a pie property with 80 ft. at the rear. Stunning design features. www.152BroadLeaf.ca

RAVINE & POOL – Beautiful 3+1 bed family home with a finished basement on a stunning ravine property with an oasis backyard minutes to downtown. www.19Forestview.ca

STONEY CREEK - $1,299,900

NEW CUSTOM HOME – Luxurious 4-bed, 4-bath on 53 x 86 ft. lot in a fantastic neighbourhood. Stunning fit & finish. Fall occupancy. Tarion warranty.

MLS - H4154566

HAMILTON MOUNTAIN - $1,079,000

BINBROOK - $869,900 BINBROOK $889,900

GRIMSBY - $749,900

BACKYARD OASIS – Custom-built 4-bed, 4-bath one owner family home. Huge pie property with 100 ft. at rear. In-ground heated pool & new hot tub. www.23Stella.ca

FAMILY HOME – 3-bed, 4-bath, move-inready home with stunning kitchen, finished basement, and double garage. Walking distance to schools & park. www.102VoyagerPass.ca

BUNGALOW – Fantastic 3-bedroom home with renovated bathroom and detached garage on a 50 x 116 ft. property just 2-mins to the lake and QEW. www.28Lakeview.ca

HAMILTON - $729,900

ROYAL CONNAUGHT – Stunning 2-bed, 2-bath, executive unit in the heart of downtown. Luxury finishes, large balcony and modern amenities. www.112King.ca

STONEY CREEK - $659,900

STONEY CREEK - $589,900

SPACIOUS – Beautiful 2-bed, 2-bath, 1242 sq ft. corner unit with covered balcony. Steps to all amenities. Underground parking and huge storage locker. www.319Highway8.ca

RENOVATED – Beautiful 3+1 bed, 2-bath, end-unit steps to all amenities. Gorgeous kitchen with quartz. Refinished hardwood.

New bathroom. Finished basement. www.151Gateshead.ca

Personalized Service & Award Winning Results!

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4 TOP 50 SMALL TEAM RESIDENTIAL

7 TOP 50 SMALL TEAM RESIDENTIAL

*Based on closed transactions January 1 - September 30, 2022. Source: RE/MAX LLC.

*Based on closed transactions January 1 - September 30, 2022. Source: RE/MAX LLC.

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EXPERIENCE THE RE/ZALTS! OPEN CONCEPT MASTERPIECE

D

L SO

543 Hughson Street North, Hamilton

FA I R WAY S O F C H E D O K E C O M M U N I T Y

D

L SO

95-100 Beddoe Drive, Hamilton

R A R E LY O F F E R E D D U N D A S P E N T H O U S E

D

L SO

601-77 Governors Road, Dundas

HISTORIC MODERN DOWNTOWN LIVING

D

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312-36 James Street South, Hamilton

S PA C I O U S D U N D A S C O N D O

D

L SO

509-77 Governors Road, Dundas

Sarit@ZalterRealEstate.com Direct: 905.515.1950

Jordan@ZalterRealEstate.com Direct: 905.515.6331

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2023-01-25 12:57 PM

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THE 2023

MARKET OUTLOOK H A M I LT O N

WRITTEN BY: JULIE ACHTERMEIER

T

here's no question the real estate market has seen unprecedented fluctuations over the past few years. Prices hit record highs between September 2021 and March 2022 during a time of low inventory and low interest rates. Starting in April last year, the Bank of Canada began

raising interest rates to slow the economy and correct the inflationary pressures that were rapidly escalating. This abrupt course correction saw the interest rate rise seven times through the balance of 2022. Consequently, the real estate market immediately slowed, dropping prices by 20-30% on average across the Hamilton region. Rising interest rates and the possible impending recession forced many buyers and sellers to pause and wait to see what the market would do next.

Historically, it takes 12 to 18 months to see the full effects of interest rate hikes, so last year's increases will likely continue to have an impact as people adjust their spending. Most economists predict at least one more small hike in 2023 – the scheduled dates for announcements are January 25th, March 8th, April 12th, June 7th, September 6th, October 25th, and December 6th.

While December 2022 was a slow month for home sales, it behaved more typically of the season, with many prospects taking a break from listing or buying during

LUKE O'REILLY

BROKER

Royal LePage State Realty, Brokerage

1.877.648.4451 | luke@theoreillygroup.ca ANN TURNBULL

SALES REPRESENTATIVE

LUKE O’REILLY BROKER

RACHEL VANDUZER SALES REPRESENTATIVE

87621.32.2_MarketOutlook2023.indd 3

NATALIE O’REILLY PROJECT MANAGER

TRISH SELWAY

CLIENT CARE REPRESENTATIVE

2023-01-25 9:44 AM

15

the holidays. January 2023 has started slowly, again typical for the time of year, although slower than usual as people wait to see whether the Bank of Canada will raise interest rates again at the end of the month.

Luke O'Reilly from Royal LePage State Realty explains that the major interest rate increases significantly impacted home prices, which fell by 25-30% in the Hamilton area from their peak last spring. "Since July, prices haven't fluctuated much," he says. "In the latter half of 2022, buyers waited to see how the market played out and if prices would continue to drop. At this point, the prices seem to have hit bottom, and another slight rate increase isn't likely to affect pricing."

Luke predicts 2023 will see more stability, and he expects that the market will start to take off again in the latter half of the year. He explains, "with increased immigration, intergenerational wealth changing hands and older generations assisting younger ones with a first purchase, we are likely to slide into a seller's market once again as the economy rebounds."

For buyers, timing will be critical and waiting too long to see if prices continue to drop could cause them to miss out. There's currently more inventory and less competition, so waiting could mean you risk finding yourself in a climate of multiple offers and sales prices over asking once again.

Sellers can still be successful in the current market if they are strategic with pricing. As Sarit Zalter from RE/MAX Escarpment Realty explains, "Anyone with an appropriately priced property on the market will see new life and be able to sell early in 2023. The slowdown at the end of 2022 is already picking up in January, and we expect to see more homes move in the next couple of months."

Sarit also agrees that another one or two small rate increases from the bank will not likely change property pricing much. "Today's sale is all about the location, condition of the property, and working with the right realtor," she says. "People need to understand that the frenzy of 2022 has come and gone. We need to be realistic about what the prices are today."

With all indications of a more balanced market, sellers looking to buy another property will find the lower prices balanced out on both sides. For those retiring who are looking to cash in, they may have missed the days of overinflated prices and multiple bids but can still get good value for their homes.

Overall, in the region, inventory trends are stabilizing, and the trend has moved from a seller's market to a more balanced one. How long it stays that way remains to be seen.

SARIT ZALTER

SALES REPRESENTATIVE

RE/MAX Escarpment Realty, Brokerage

905.515.1950 | sarit@zalterrealestate.com

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2023-01-25 9:44 AM

Selling Your Home?

Advertisers subscribing to The Real Estate Book’s print and digital marketing program ensure that your home will get maximum LOCAL and GLOBAL marketing exposure.

RealEstateBook.com Is used by buyers from all over North America in their new home search

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Do you want to see your home advertised in all these ways?

It’s easy….. just call any of the Realtors advertising in this issue of

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2022-11-30 5:01 PM

17

HOME MONTH OF THE

20 CUMMING COURT, ANCASTER

$2,575,000

TAKE A

VIRTUAL TOUR CLICK HERE

ALL PHOTOS ARE ARTIST’S RENDERINGS

TEXT RBJLRXP TO 844-928-0132 TOLL FREE FOR MORE PHOTOS AND INFORMATION

STUNNING 5 BEDROOM FAMILY HOME in a mature Ancaster neighbourhood on a 75 x 100 ft lot. Building plans with designer concepts for a substantial second storey addition plus complete renovation transforming the original bungalow into a 3,530 sq ft custom home. Big, beautiful custom kitchen with high-end millwork and quartz countertops, large formal dining room, great room opens up to rear yard through 16’ multi-step patio doors with 16’ vaulted ceilings. Spacious office with street views. Beautiful bedrooms for the whole family, well-designed laundry room and master retreat with custom ensuite. Permits issued and ready to start construction. Target move in Fall of 2023.

LAUREN CATLIN Salesperson OFFICE: 905-574-4600 DIRECT: 905-531-9148

laurencatlin@royallepage.ca

Visit RealEstateBook.com to search for more homes in the Hamilton Region.

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MEET THE

REALTOR

We sat down with Lynn Fee, Realtor and Team Leader of the Lynn Fee Team in Grimsby, to get her thoughts on the current state of the real estate market and the outlook for 2023.

So, is the housing market stronger than it looks?

Your home is likely worth more today than what you paid for it no matter when you purchased it. If you could just zoom out a little (I like to go back to 2019), and see what a similar home would have sold for then, the chances are you have done well. You really cannot lose value purchasing real estate.

Absolutely! Despite the interest rate increases (they will end soon), and the fall in home prices since the peak in February last year, now is the time to “stretch back” a little and look at the true growth in value of your home. I believe 2023 is going to be a REBOUND YEAR! That sounds encouraging. How much of a rebound are we talking about?

LY N N F E E

What is in your crystal ball for the next 12 months?

Buyers are just waiting and wondering when the interest rates will stabilize, and if prices will drop a bit more before they jump in. I don’t expect to see prices much lower, as they have now hit the point where they are at market value based on growth expectations vs an inflated market.

REALTOR

No, it will not look like 2020/21. That was truly a BLIP! I know – all sellers want to see those prices again, but it was no more real than when the stock market hits some crazy high and everyone sells out. The real estate BLIP lasted longer than the stock market. Many people cashed out and were successfully able to move on to their dream life.

Mortgage rates have roughly doubled since last March, and house prices have come back into line with what their “true value” is… i.e. what they would have been if we had not experienced that inflated market created by a pandemic, a shortage of inventory, the lowest interest rates we have seen in decades, and people desperately searching for a change!

What do you say to people who are comparing the value of their home today to what it was a year ago?

Housing will likely remain in short supply until at least 2030, meaning prices will eventually rise again as they always do in real estate.

And your advice for anyone considering a move in 2023?

Think “variable rate mortgage” for a year or two, take advantage of the lower house prices, and take some comfort from the fact that when prices were sky high and interest rates were so low, your monthly payment was almost the same as it is now. Do the math, contact a mortgage broker, and GET READY FOR A GREAT MARKET!

lynnfeeteam.com 905.975.1055 team@lynnfeeteam.com

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19

SELL, BUILD OR BUY? I’M YOUR GUY! SELL BUILD BUY

DARREN DARREN PAPINEAU PAPINEAU S SA A LL E ES S R RE EP PR RE ES SE EN N TT A A TT II V VE E

www.NRCREALTY.ca

18 7 YEARS OF AWARD WINNING SERVICE

CALL OR TEXT: 905.978.SOLD(7653) (7653) EMAIL: EMAIL:papi@royallepage.ca papi@royallepage.ca WEBSITE: DarrenPapineau.com CALL OR TEXT: 905.978.SOLD WEBSITE: DarrenPapineau.com

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105 BALD STREET, WELLAND $499,000

601 GREENOCK ST WEST, PORT DOVER $574,900

CALLING FIRST TIME BUYERS OR INVESTORS Fabulous 2 storey, 3 bedrm home steps away from Welland Canal, amphitheatre, trails & shopping. Features eat-in kitchen, dining/ sitting rm, large living rm. Rear addition includes full basement and main floor family rm with access to sprawling rear deck, gazebo, 2 sheds and a majestic pine treed yard. TEXT RBJLMLB

AFFORDABLE RAISED BUNGALOW Walk to downtown Port Dover & beach! 1,510 sq ft of living space includes finished lower level, 3 bedrooms, 2 baths, bright open concept kitchen, living and dining area. Private, fenced backyard, 32' x 16' inground pool on a 50' x 100' corner lot with 2 driveways. TEXT RBJHSMK

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162 VICTORIA AVENUE, DUNNVILLE $849,000

2562 LAKESHORE ROAD, DUNNVILLE $999,000

POTENTIAL IN-LAW SUITE / APARTMENT! Pristine 3+2 bedrm, 2 bath bungalow with 2 kitchens, 2 family rooms, 2 laundry rooms, finished lower level w/potential in-law suite. Over 3,400 sft of living space with open concept main floor layout.

Premium 95' x 105' landscaped lot. TEXT RBJHSLM

OWNED SAND BEACH & NEW BREAKWALL! Waterfront with 50 feet of armour stone protected shoreline & coveted sandy beach. Year-round lake house offers approx 2104 sq ft above grade including 3 bedrooms, 2 baths, full unfinished basement for added living space, lakeside deck, attached garage & paved driveway. TEXT RBJKZSD

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7807 CONCESSION 3 ROAD, WEST LINCOLN $1,675,000

1804 HUTCHINSON ROAD, DUNNVILLE $2,299,000

HOBBY FARM, STORAGE BUILDING & BARN Includes 58 acres of workable land, 20 acres of forest and a pond. 2 road frontages, 40'x60' metal clad pole barn/drive shed, former dairy barn. Spacious 2665 sq ft farmhouse with 5 bedrms, 1 bathrm and a 28'x30' garage/shop addition. TEXT RBJHVQZ

HOBBY FARM WITH CONTRACTOR'S SHOP & BARN Fantastic 2,264 sq ft country home on 43 acres of paradise!

Includes 8,704 sq ft livestock barn, 2,513 sq ft Contractor's office/shop! 15 acres workable, 11 acres forest with maple sugar shack. Executive home with 4 bedrooms, 2 bathrooms, eat-in oak kitchen & attached garage. TEXT RBJHSLK

TEXT THE UNIQUE TEXT CODES TO 844-928-0132 TOLL FREE FOR MORE INFO AND PHOTOS

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2023-01-25 12:57 PM

20

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PhoneWalletKeys_Filler_HP.indd 87621.31.13_000T 87880.25.1_020 Woods Woods.indd - filler.indd 111

2021-06-16 3:56 PM 2022-11-25 1:21 2023-01-25 8:32

21

BROKERAGE

ANCASTER

STONEY CREEK

$2,790,000 A RARE OPPORTUNITY to own a magnificent Victorian $1,995,000 in the heart of Dundas. 1.59 acre secluded oasis. Enjoy LOCATED IN of THE SOUGHT-AFTER Harmony Hall the perfect mix modern convenience and old-world neighbourhood of Ancaster awaits this mindfully beautifullyupdated updated charm in this meticulously kept and custom built 4 bedrm 4 bathfeatures home. Many updates historic treasure.

Stunning bothmodern inside and out, throughout, including herringbone marble floors, warm including soaring ceilings, 5 bedrms, 4 wood-burning dark hardwoods, gorgeous coffered andwalkout a fully fireplaces, beautiful and bright in-lawceilings, suite with finished basement barown and separate 300 bottle cabin. wine cooler. to private stream,with andwet your Covered porch and heated in-ground saltwater pool.

$1,695,000 EXQUISITE STONE COTTAGE built in 1857/1867. Nestled $1,495,000 in charming Olde Dundas, this beautiful home has been SITUATED ATOP THE ESCARPMENT, this 3+2finishes. bedrm tastefully updated with modern & contemporary 3.5 bath trim home& boasts 3000 sq of finished living Original doors, almost high ceilings & fttransom windows, space.

With a stunning and2 basement exposed stone wall and2 storey customsolarium staircase. generous walk-out leading to the patio & in-ground pool, this unique sized bedrooms upstairs plus incredible master suite property is not to be missed! Enjoy breathtaking views downstairs. The lower level also features a cozy family of Stoney Creek and Lake Ontario. room withclose originaltoplank flooring and exposed beams.

Located many amenities, transit, parks, & the Bruce Trail.

STEVE ROBLIN RE EA AL L E ES ST TA AT TE E B BR RO OK KE ER R R

905-522-3300 || roblin@judymarsales.com roblin@judymarsales.com 905-522-3300 judymarsales.com || steveroblin.com steveroblin.com judymarsales.com

Karen Grover Sales Representative

Our Effort is For You! kgrover@efforttrust.ca

www.karengrover.ca

Let's Talk Real Estate!

905-528-8956

NEW YEAR. NEW BEGINNINGS. FRESH START. NEW ADDRESS ..

CONTACT ME TO GET STARTED!

87880.25.1_021 Roblin - Grover.indd 1 87880.Roblin.HP.2021.indd 1

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BEAUTIFUL 2 BEDROOM/ 2 BATHROOM CONDO with spectacular views of the City and Bay. Updated throughout, this lovely condo offers granite countertops, stainless appliances and in-suite laundry.

Fabulous location near Sam Lawrence Park and Juravinski.

Contact Karen for more info.

2023-01-25 8:32 PM 2021-10-04 3:00 PM

22

H A LT O N H A M I LT O N H O M E S

MARKET UPDATE HAMILTON N U M B E R O F SA L E S

2021

2022

1200

1000

800

600

400

200

0

JAN

FEB

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC

N U M B E R O F N E W L I ST I N G S 1600 1400

1200 1000

800 600

400

200

0

JAN

FEB

MAR

APR

MAY

AV E R AG E SA L E S P R I C E

($1,000)

1,003 1,000

863 900

805

788 862

800

797

690

700

720 600

MARCH

JUNE

SEPT

DEC

MARCH

JUNE

SEPT

DEC

SOURCE: REALTORS’ ASSOCIATION OF HAMILTON BURLINGTON ALL RESIDENTIAL COMPARISON JANUARY 2021 - DECEMBER 2022

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23

H A LT O N H A M I LT O N H O M E S

MARKET UPDATE BURLINGTON N U M B E R O F SA L E S

2021

2022

450 400 350 300 250 200 150 100 50

0

JAN

FEB

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC

N U M B E R O F N E W L I ST I N G S 600

500

400

300

200

100

0

JAN

FEB

MAR

APR

MAY

AV E R AG E SA L E S P R I C E

($1,000)

1,400

1,251

1,200

1,138

1,306

1,090 1,221

968 1,000

1,065

800

858 600

MARCH

JUNE

SEPT

DEC

MARCH

JUNE

SEPT

DEC

SOURCE: REALTORS’ ASSOCIATION OF HAMILTON BURLINGTON ALL RESIDENTIAL COMPARISON JANUARY 2021 - DECEMBER 2022

87621.31.13_MarketStats.indd 4

2023-01-25 12:29 PM

Isaac Phillips SALES REPRESENTATIVE

NANCY ORT

ERIN ROBERTS

Sales Representative

Top 1% for Royal Lepage in Canada 21 years. 905.774.7631

Text RBJLPLR

$508,500

Text RBJGRLT

$549,900

NEW LISTING - FANTASTIC BUNGALOW on quiet street. Loads of natural light from extra large windows. Spacious kitchen, inside entrance from garage, separate entrance for basement, huge yard.

$2,200,000

$1,135,000

Text RBJJZLR

$699,900

10.9 ACRE HOBBY FARM! Beautiful wooded lot! Bright kitchen, cozy living, separate sitting area. 2 bdrms on 2nd floor. Original trim throughout, built in cabinetry. 2 car garage & chicken coop.

Text RBJBKYH

$1,325,000

COMMERCIAL LEASE 3,800 sq ft, high ceiling. Roof redone in 2020. New windows & roll up door. Gravel parking area. Lease amount is plus HST & utilities. Flexible lease term, additional adjacent space available.

Text RBJKRTW

$749,000

EXTENSIVE RENO SINCE 2021 Gorgeous 3 bed 2 bath home with tasteful decor!

Updates incl custom kitchen w/ quartz, high end windows/ doors, carport, front deck, central air, & more! On extra wide 62 foot lot!

Text RBJBKXZ

$1,299,000

GORGEOUS LAKE ERIE WATERFRONT Exceptional property. Covered verandah. Bright & airy open concept living/dining w/sliding door to expansive waterfront deck w/gazebo. Designer kitchen, w/tile backsplash, built in pantry. Lowbanks.

Text RBJJZLP

$2,950/MO

EXCELLENT INVESTMENT OPPORTUNITY 7 separate units. Huge parking areas. Large loading dock w/covered space + additional exterior concrete loading docks. 17 roll up loading doors. General industrial zoning.

Text RBJKRVF

QUIET COUNTRY ROAD Bright living area, gorgeous remodelled kitchen w/ granite, enclosed sunroom and full finished bsmt, both w/heated floors. Heated AG pool, hot tub, 3 gazebos, parking for RV. Dunnville.

AFFORDABLE FAMILY HOME Huge 59 x 273 ft lot w/above ground pool! Charming 3 bed, 1.5 bath home offers large bright kitchen, den overlooks back yard. 3 large bdrms w/ plank flooring. Oversize double garage.

Text RBHWLDM

$6,750,000

SUCCESSFUL MARINA! On the Lower Grand River with access to Lake Erie. 5 acres, dock rentals, trailer storage, boat storage summer and winter, fuel sales, pump out service, restaurant on site. Dunnville.

Text RBJBKYY

$584,000

NEW PRICE! EXCELLENT STARTER HOME! on quiet street, 50'x120' lot. Large living room w/ big windows, spacious oak kitchen, 3 beds. Full bsmt rec room w/ gas fireplace, tons of storage. Huge back yard, carport.

Text RBJDKFT

Sales Representative

905.774.8144 ISAACPHILLIPS.COM

FABULOUS LAKEFRONT HOME Amazing water views. Custom kitchen, tile backsplash, porcelain sink, granite counters. South facing DR w/sliding doors to expansive waterside deck. LR w/floor to ceiling windows, gas FP.

Text RBJGRLR

$695,000 WATERFRONT COTTAGE on quiet dead end road. Beautifully updated 3 season cottage offers stunning views from open concept living/ dining. Bright, modern kitchen, large master, huge front deck, shed.

TEXT CODES TO 844-928-0132 for MORE INFO & PHOTOS!

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