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.

 

 

 

 

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What Should I Offer In a Bidding War?

 This is the question of the day in Southern Ontario.
What to offer when you are in competition for a property you really want.  questions answered image
REALTORS(r) sometimes have formulas that vary from market to market. For example,  X amount for every offer in the competition or a certain percentage for every offer in the mix.
It’s something but its not full proof by any means.  In a more normal balanced market we can look at the comparable properties that have recently sold but even that is not full proof in this type of market.
The lack of balance in the supply and demand is throwing all logic out the window.  The bidding war seems to be more impacted by where the other Buyers are coming from ( for example from a higher priced market so everything looks like a bargin).  Also on how many times the other Buyers have lost in competition.  Some get so fed up that they go all in on one they really want and often pay tens of thousands of dollars more than the next best bid.  All information you can not get beforehand.
My best advice is to put in an offer at a price that if you lose and are told it was close you will say “that’s okay, that’s what I was willing to pay” or if you win you don’t say, “oh no, I over paid”.  That is your sweet spot and one only you can determine.
If I figure out the formula, I’ll let you know.                                                                                                                                                                                                                    Wish I had a crystal ball! 
crystal_ball

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

 

 

 

I Want To Buy a Home in the Hamilton area. Where Do I Begin?

You begin with financing. I work with a team of trusted professionals to assist and support my clients. So if you are in the Hamilton area, you should start with a call to me or your favourite REALTOR® who can provide you with the proper contacts. If you are not in the area, I have made many great Real Estate contacts outside of the GHA that I can recommend to you.

It is rather easy and efficient when you have guidance. I believe in being involved from A to Z . I can provide mortgage specialists, inspectors, lawyers and other contractors you may need.  I provide a professional photographer if you are selling a home and as well as my staging advice, and a professional if needed.

Once you’ve received the information from a mortgage person, the process can begin.  I would also provide a thorough evaluation on any existing owned home. Then set up a search of the entire MLS of properties that meet your needs and price range.  You would give me feedback on the properties sent. This is vital to get us on the same page. For me to get “inside your head” and figure out your “must have’s” and your ” I want’s”.

Then comes the Education Day home viewings. We aren’t necessarily expecting to find “the” house this visit especially since many of the properties will have been on the market for a while. So not necessarily the cream of the crop. A great day to get the conversation going. A great way to bring out important questions and to focus on what you are looking for.

Moving forward I am “on it” daily until that perfect home for you does come along. I’ll save the information on the offer process and after the offer for another time.

This is a method that has worked well for me and my clients. I find this step by step process can be completed for first time buyers often within 2 weeks depending on your availability. Longer if you have a home to sell of course. My goal is to save you time and aggravation while finding your perfect home at the best price and educating you on all aspects.

Trust a professional and take your first step by contacting me and let me guide you throughrealtors_know_real_estate_ this process of finding your dream home!

Expect More, Get More!

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!

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