CMHC says Resale Home sales to stay strong - 10/30/08 09:46 PM
OCT 30/08
According to the Canadian Mortgage and Housing Corporation (CMHC), resale home sales will continue to be strong into 2009.
"...Existing home sales, as measured by the Multiple Listing Service(MLS(R))(1), which reached a record level of 523,701 sales in 2007, willmoderate in 2008 to 452,225 units. In 2009, MLS(R) sales will move to 433,375units. Despite a moderation in MLS(R) sales, demand for existing homes willremain strong by historical standards. With housing markets having becomebalanced across Canada, the rate of growth in the average MLS(R) price willmoderate. Average prices will reach $306,500 in 2008 and $306,700 in 2009."
Robert J. Morrow … (0 comments)

House prices up apx 5% in Hamilton - 10/28/08 12:51 PM
As you can see, house prices in the Hamilton area have risen approximately 4-5% over the past year. This was, of course, before all the hiccups in the US but still bodes well for those looking for assurances.
Flamborough leads the pack with a whopping 40% increase in price but much of this is due to new housing in the Greensville area and developments closer to Waterdown. Waterdown, itself boasts the highest decrease in house prices, much of which can be credited to the change in new build home types last year.
Some prices are decieving. For example, try finding more than … (0 comments)

Smile, You're on City Camera - 10/27/08 04:07 PM
The City of Hamilton just entered into a $115,000 contract with ilookabout that will involve four vehicles, mounted with digital cameras to snap 180 degree panoramic photographs every five metres down each street in the entire city.
Using ilookabout's new software "Streetscape", city staff will be able to call up pictures of anything, anytime. Hamilton has had access to stills since 2004 but now instead of three angles, there will be five, according to gord McGuire, manager of surveys and tech services.
Gord says looking at detailed stills of a street helps staff avoid unnecessary and sometimes lengthy trips to a … (1 comments)

Mortgage rates not moving yet! - 10/27/08 12:06 PM
This one from my good friend Rita Amalfi Cruse at Mortgage Alliance in Dundas, Ontario:
"Wow have you been keeping up with all the media hype on the economy?  I have, and sometimes I wonder if we didn't have all the "doom and gloom" coming at us from every which way then maybe the Laws of Attraction would really work.
 If you think it, it will happen !!!!!! Well, think low interest rates because that is what is happening, right now, look at my chart. 

*Rates may vary by province and are subject to change without notice. Rates last updated … (0 comments)

LRT could fast-track real estate values - 10/27/08 11:25 AM
This timely one from the Hamilton Spectator's Rob Faulkner:
www.thespec.com/article/448340
 
… (0 comments)

Halloween Candy Warning! - 10/27/08 10:45 AM
This one comes from my good friend Jim at the City of Hamilton:
"I have fact checked this and it is a valid warning. Not a hoax.  JR    The Government of Canada has issued a warning not to consume Pirate's Gold Milk Chocolate Coins that
have been sold in Canada at Costco, (the candy may also be available in smaller quantities at dollar stores
and bulk stores).  The candy has tested positive for melamine. Please pass on this important information
to everyone you know that have children going out for Hallowe'en.  For additional details, please consult
the following link:  http://news.gc.ca/web/view/en/index.jsp?articleid=421359 ."
… (0 comments)

 

Robert Morrow

Hamilton, ON

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