LRT back to Eastgate Square

If you live east of the Queenston Traffic circle in Hamilton this is great news for you. If you are a transit rider its great news and if you are a home owner in the area, its fabulous news!

The east end of Hamilton has seen a bump in real estate values out performing many areas in the Hamilton area along with the high performing core.

This is primarily due to the new GO station coming to Centennial Parkway near the QEW.  Now that the proposed LRT is to extend to Eastgate Mall again, I feel certain we will see another “bump” in prices in the east end.

Taken from From Hamilton For Transit:

Environment Hamilton and Hamilton 4 Transit welcome Eastgate LRT announcement

Lynda Lukasic from Environment Hamilton and Hamilton 4 Transit, welcomes the news that LRT will be approved to go to Eastgate sooner than originally expected:

“As a resident of the area, I can attest to the community support for LRT to come to Eastgate. This area has one of the largest concentration of transit users in Hamilton, and needs high quality transit options. Eastgate is also a major commercial destination in Hamilton and better transit links will improve the neighbourhood’s economy while protecting its environment. LRT will help to transform Eastgate area into a more walkable neighbourhood, which will improve health and quality of life for all residents.”

The reaction to the extension back to Eastgate is being well received and something I believe is a great move forward.  Being a natural transit hub should actually be more cost effective than creating a hub at the traffic circle.

lrt map

 

Excerpt  article 2011, From Don Campbell, R.E.I.N  Real Estate Investment Network

The City of Hamilton hopes to turn to light rail technology to curb traffic congestion. The announcement of five proposed rapid transit lines in Hamilton lead the REIN team to undertake a research report on the impacted neighbourhoods.

REIN’s detailed research has found that there are three “Tiers of Impact” that will occur in the Hamilton region:

First Tier: Neighbourhoods located near the on and off ramps to the Red Hill Valley Parkway. These include: McQuestern East and West, Barton, Nashdale, Kentley, Glenview East, Corman, Red Hill, King’s Forest and Albion Falls. 

Second Tier: Includes areas that will also be positively impacted by the easier access and traffic flow created by the Highway 8 link to the Red Hill Valley Parkway. This will allow commuters from as far away as Toronto and Oakville to cut key minutes off their drive.

Third Tier: Areas that are within 800 meters of the proposed LRT and GO train stations in Hamilton. These areas will move up to second tier once the official announcements are made as to exact locations, then eventually move to first tier once the actual construction begins. Communities impacted by future LRT lines include: Ainslie Wood, Cootes Paradise, Westdale South, Beasley, Corktown, Kentley, Greenford, Green Acres Park, North Glanford, Ryckmans, Mewburn, Sheldon, Kennedy East, Allison, Greeningdon, Balfour, Bonnington, Yeoville, Rolston, Buchanan, Mohawk, Southam, Centremount, Durand, Corktown, Beasley, Central Hamilton, North End, Ancaster, Mohawk Meadows, Bruleville, Burkholme, northern Crerar, northern Rushdale, Hill Park, Lawfield, Crown Point, northern Homeside, Ancaster, Leckie Park, the Elfrida growth area, Corman, Riverdale, and Winona.

When the LRT stations are completed, communities within an 800-metre radius of these transportation improvements can anticipate a 10%–20% increase in their property values. The largest effect will be felt in older and more established neighbourhoods.

– See more at: http://www.reincanada.com/aboutus/media-news/press-releases/hamiltons-transportation-transformation/#sthash.JMSGkkKc.dpuf

If you’d like to discuss how your home will be impacted in value by the proposed LRT, call or text me at 905-537-6005.

If you would like to discuss the benefits of purchasing a home in this area, contact me.

 

 

 

 

Hamilton is the Coolest!

“We’ve tipped” says successful award winning developer in Hamilton, Steve Kulakowsky from the Core Urban Inc. We are past the tipping point says Steve. I would agree.  It’s no longer “change is coming” or “we have loads of potential”. It is here!

Watch the tour video here.

Increase in house prices averaging 10% for 2015, driven primarily by the influx of “out of towners” loving the affordability. The in-filling and intercity development and promises of better public transit.  Initiatives like Sobi bike sharing. The increase in concepts like work space sharing in amazing spaces like The Cotton Factory. Offering event space rental as well.

The word is out and Hamilton is The Coolest!  Watch more  Hamilton video’s here.

Want to know more about opportunities in #Hamilton.  Contact me and get in on the action in #HamOnt.  Call or text 905-537-6005

 

 

 

Why Torontonians Are Moving to Hamilton

At first blush it is all about AFFORDABILITY but delve a little deeper and find out that the THE SECRET IS OUT. Hamilton, Ontario is an awesome place to live, learn, work and play.

Some of the reasons:

Nature and the privilege of being between a great lake and the Niagara Escarpment. Creating the Waterfall Capital of the World. Minutes from rich farm land and Wine Country boasting award winning wines and ice wines.2015-04-17 09.14.30

Communities with pride of ownership, tree lined streets and the sounds of children playing. Family friendly city with many activities, festivals, green-space and bike/walking trails.

Location, Location, Location. Check out this graph and page by Hamilton Economic Development.

Historic Neighbourhoods with a respect for architecture. Developers who have a respect for history.

Bike Sharing program, amazing farmer’s market and the Tiger Cats!

Strong, growing  Arts, Music and Theatre community. Including the renowned Theatre Aquarius.  An amazing entertainment venue that is praised by the artists appearing there for it’s acousti2014-08-08 22.04.12cs and layout – Hamilton Place. Check out the Trip Advisor reviews.2015-04-29 21.57.03

A growing and improving night life. Diverse culinary options – some truly fabulous restaurants . This list is from 2014.  I could add some to that list including Lake Road on James North. Full disclosure, my children work there.  Contact me and ask me about it. Food is wonderful.

2016-01-02 20.08.24

Number one employer is the Health Care including education, research and hospitals. Fabulous universities and colleges.  This  page listing the schools says it best.

Innovation and creativity. Known as The AMBITIOUS CITY.  A city of innovators.

I love my city and I would love to talk to you about making a move to Hamilton.

Check out these Hamilton videos, especially love the award winning video “The Ambitious City.  I believe it speaks well to Hamilton’s Heart and grit.

 

Contact me to find out more.  I’m here to help!

 

 

 

 

 

Exciting Time In Hamilton, Ontario | As LRT Takes Shape

In the last 10 years I have been advising investment conscious clients to purchase close to the waterfront in Hamilton.  Really anywhere north of King around James Street.  Anywhere walking distance to the now completed new GO Station.

Now that ship has pretty much sailed. We know that the Real Estate market is affected by exterior forces. So where should you buy now in Hamilton if you want to speculate on market increases beyond the standard market increase?  Where will your investment work the best for you?

lrt image
Source: raisethehammer.org

A 15 minute walk to the LRT (Light Rail Transit) stops would be my suggestion or anywhere close to the upcoming GO Station at the end of Centennial Parkway.  (Would have been a great place for the new stadium but lets not rehash that).

Hamilton has been seen as a great place to invest by those with foresight for several years now including  R.E.I.N.

Here is a great image of the proposed stops for the LRT B Line coming soon!

HAMILTON LRT ROUTE

B-LINE | A-LINE | PHASE-2 | GO EXTENSION

If you would like to know more about buying a home in Hamilton, Ontario, contact me because Helping You Is What I Do!

http://www.HamiltonRealEstateSales.com

Wondering If You Are Over Paying For Your Home in Hamilton, Ontario?

Hamilton’s Real Estate market is healthy and strong and on a huge upturn, just trying to catch up you might say. I see it increasing at least over the next few years.  Having said that, I don’t have a crystal ball…..gosh I wish I did.  There are always unforeseen things that impact our local markets.  Global events, mortgage rule changes, economic events, local events to mention a few.

Let’s talk about spikes.dollarsign

Even in the rising graph there can be spikes.

As a Buyer, I caution you to be careful in a spike.  These can be influenced by the time of year but lately it seems to be more about supply and demand.  Of course the supply and demand issue is partially influenced by time of year.  Lately in Hamilton we have had a shortage of homes to sell to an extreme and I believe we have been in one of those spikes.  Depending on your urgency to buy you may want to adjust your timeline even if just by a few weeks.  Timing is everything.  However, be careful not to wait to long or you can see the prices rise before your very eyes.

If you are a Seller, waiting too long could mean lost dollars if you end up in the fray with other Sellers putting their homes on the market. This could negatively impact the supply and demand from your perspective.  Waiting to get the landscaping done might be a costly decision. Timing IS everything.

Interesting to go back and read this article in The Hamilton Spectator from 2011.  The word definitely has gotten out. I believe Hamilton still has some catching up to do and is thriving and growing. DowntownHamilton

Hamilton is a pretty safe investment and in fact a very smart one in my opinion.

Ask your Hamilton area Real Estate professional for advice on Real Estate decisions in Hamilton.  There are many factors that should be considered as you make decisions regarding your biggest or one of your biggest assets or largest purchases of your life.

Contact me for more information at 905-574-4600, toll free 1-877-574-4601 or direct 905-537-6005.

Expect More, Get More!

Good news isn’t often sexy, but be wary of media stories……

Good news isn’t often sexy but be wary of the media stories that are based on global, national or provincial information and even some of the stories generated about our neighbouring cities.

Talk of bubbles bursting and condo markets collapsing may get your attention but be sure your real 2014-07-15 16.49.20-1estate buying decisions, even though affected by the world and the nation are based more on the information about the local market.  Also that your information and advice is obtained from a trusted source like your Real Estate professional.

Hamilton survived the 2008 downturn quite well,mostly due to the fact that Hamilton had already started to diversify and we had been adjusting to a weakening steel industry for years. We were ahead of the problem so to speak.Gore Fountain - mine

It was said not so long ago that Hamilton real estate was 40 % under-valued.  If this is true, we are just playing catch up. I don’t see any signs of Hamilton taking a down turn in the near future. That may not be sexy but it is a GOOD news story. We have the interest, we have the desire, we have the cranes and we have the change needed to keep going onwards and upwards.

Join the movement to Hamilton, it is a great place to live, play, work and learn.Proud-Hamilton-Official-Logo-150x150

To find out more about investing and living in Hamilton visit my Hamilton pages in my website and contact me, I’m happy to help.

Expect More, Get More!

I Love Hamilton and Real Estate Sales!

Why There is Such a Shortage Of Inventory in Hamilton. The Perfect Storm!

There an incredible imbalance of buyers and sellers. A huge shortage of homes for sale in Hamilton and area. It is What has caused this PERFECT STORM?

There is the pent-up demand from the Buyers who were taken out of the market due to mortgage rule changes in 2012. Many are coming back into the market now.

There is a huge migration of  buyers from the GTA  due primarily to affordability.  Also the fact that there are more commuting options now and even more in the near future. The construction of a new GO Station with “all day” GO service sure to be a reality in the near future.

Incredible mortgage rates further drive and assist the Buyers make their homeownership dreams come true.

and

Hamilton reinventing itself with a diversified economy and changing job market.  No longer the Steel industry as the primary employer but instead everything to do with the Medical Field, education, research and the world class hospitals.  A booming and  changing demographic with a thriving grassroots Arts/Music/Theatre Community.  Hamilton is no longer a secret and is on the map for many reasons.  A mecca for the outdoor enthusiasts with greenspace, waterfalls, beach front, harbour and amazingly located between a Great Lake and an Escarpment.  Then of course, the people, recognized as a very generous and caring community.

Move up Buyers who are nervous about putting their homes on the market in case they can find anything or who are waiting for the “spring market” to list their homes.

The pressure comes from the bottom, from the First Time Buyers.  Hopefully the “Spring Market” will bring more product on the market to help alleviate some of this pressure.  After all a little more balance is always healthier for everyone.

My best advice….If you are a Seller, LIST your home now and beat the rush of Sellers.  If you are a Buyer without the pressure of time.  Breathe for a few weeks and hopefully you will have more product to pick from soon.

Next I will address the so called benefits and pitfalls of under pricing your home in this type of market.

Visit www.HamiltonRealEstateSales.com for more Hamilton and Real Estate information.

I’m Trying to Buy a Home In Hamilton!! HELP

As promised here is some advice on buying a home in Hamilton during this incredible booming market.

First find a Realtor® you trust and feel comfortable with and sign a Buyer Representation Agreement. Make sure someone is actively searching for you and is “on it”.  If you attempt to search yourself, you will always be a step behind.  It’s tough for us and we get the information the instant it is uploaded to our Association.

Second, set your search up slightly below where you qualify in this market.  Normally we would search just above where you qualify knowing that the homes will sell slightly below asking.  However, in this market in Hamilton it has become “normal” to sell over asking so this gives you some wiggle room to 2014-07-18 14.12.56offer over asking if you are not looking at your max.

Third, don’t be afraid of competition.  Look at the comparable sold properties with your agent and decide what you feel the house is worth.  There are some who strategically under price their listings so don’t get too caught up on the listing price.  What is the value?  More importantly, what is the value to you?  Does it meet your needs?  What are your short and long-term goals related to real estate? What about the area.  Are there any external factors that affect the value beyond the regular increase in the market?  What is happening there?

What is the magic number in competition?  That is always changing and is different in every scenario.  A question I would ask you after looking at the comparable properties that are similar and have recently sold is; What is the number that you will be okay with if you lose by a little and if you win, you won’t feel you overpaid?  That is the magic number because it’s the one you will be comfortable with win or lose.

I know it is extremely frustrating but this is happening because you are in the hottest market in Canada and there is no sign of that changing. Hamilton is an excellent place to buy and a great investment.

Lastly, don’t let you emotions get the best of you.  Find a Realtor® you trust and have faith.  It is a difficult process but a worthwhile one and the rewards can be fantastic!

For more information on Hamilton and Real Estate in Hamilton, visit my website at www.HamiltonRealEstateSales.com and contact me at 905-574-4600.

Hamilton, Ontario | Hottest Real Estate Market in Canada

Initial reaction, awesome!  Not so if you are a prospective buyer trying to purchase Real Estate in Hamilton. Hamilton’s market is booming due to affordability.  We’re just trying to catch up. We are seeing a huge influx of buyers from the GTA.  Then of course there is our diversification, growing grassroots arts 2014-07-15 16.49.20-1and music community, loads of green space, trails and waterfalls, improved commuting options and just the fact that we are getting on the map.  TheHamilton%20Ontario%20Skyline best kept secret is no more, the word is out.  A strong commitment by city and developers to urban revitalization.  Hamilton is a fabulous place to live, work, learn and play and a great place to raise a family. A great place to invest with no sign of slowing down.  Continue reading Hamilton, Ontario | Hottest Real Estate Market in Canada

Hamilton, Ontario | A Great Place to Raise a Family

The first European settlers came to this area around the time of the American Revolution and the War of 1812.  In 1815, after the war George Hamilton settled here and created a town site. Hamilton became a city in 1846.

Hamilton became a city of heavy industry and was a hot bed of working-class activism.  In 1872 it was a strong voice encouraging the maximum nine hour work day.  Hamilton became an imprtant city providing iron and steel.  During the First World War Hamilton boomed as the demand for steel, arms, munitions and testiles increased.  This created a building boom.  However, in the 1930’s Hamilton was greatly affected by the Great Depression.  The Second World War created a turn around in Hamilton’s economy but cost the city dearly in lost lives of young men at Dieppe.

Hamilton has been nicknamed Steeltown, Ambitious City, The Hammer, Hammertown, and the Lunch Bucket City all due to Hamilton’s history as a major steel producing industrial city.

Things have changed and today different aspects of Health Care have taken over as the number one employer in Hamilton.  There has also been extensive growth in the areas of Education, Government Services and Technology as well as Agriculture/Food Processing.

It is very exciting for me to watch the evolution of this beautiful waterfront city as we change and re-define ourselves.  All the while we are still enjoying a vibrant manufacturing and transportation sector.

What an incredible location we have in the “Golden Horseshoe“.  We have bragging rights as “The Waterfall Capital of the World“.  Beautifully situated between Lake Ontario and the Niagara Escarpment and extending over the escarpment.

Hamilton has a population of over 500,000 people and a stable economy and Real Estate Market.  In 2011 Hamilton was ranked by the Real Estate Investment Network of Canada as the best place to invest in over the next five years and the third best in all of Canada.  The FDI Magazine a publication of the Financial Times ranked Hamilton in third place of the large North American cities for quality of life.

Hamilton boasts a diverse community rich in culture, history and incredible architecture.  Hamilton is also a city with a fast growing vibrant community in the arts, including music, theatre and art.  If this is of interest you won’t want to miss the Art Crawls!

We are a city with a desire to grow and improve and a wonderful city to raise a family.

Contact me for more information on Hamilton and on the Real Estate Market in Hamilton, Ontario

I Love my city!