FSBO franchise for sale - 12/16/08 11:26 PM
I have always kept a close eye on the leading private sale companies/websites in Canada. I feel it is important for REALTORS(R) to know what's going on out there in the FSBO world. Most of the time, consumers of this product eventually turn to the REALTOR(R) industry for assistance when there homes don't sell using these technologies.
But some of the companies have been growing aggressively and we are lead to believe all is rosy for the future of the FSBO business.
So why then is one of the major chains allowing a franchisee to sell a key location here in Hamilton? 
As you can see … (14 comments)

Five-year fixed rates at 4.99! - 12/15/08 11:40 PM
My friend Rita from Mortgage Alliance, here in Dundas, is on top of things once again. Here's a little insight from her on mortgages in this challenging economic time:
"It looks like those who are sitting in variable rate mortgages or credit lines,  are getting an early {New Year's gift} this year. As expected the Bank of Canada did announce a drop in the overnight rate {before Christmas} but what was a little surprising was the fact that it was a full .75% drop.... That places the overnight bank rate at 1.75% which is the lowest since 1958. The Bank's have dropped their Prime … (0 comments)

Biggest bus buy in history - 12/15/08 09:34 PM
Metrolinx is set to announce the biggest multicity bus purchase in Ontario history. And with it comes yet another well-needed tangible spark that the core is being revitalized. With improved bus service East-West and shortly thereafter, North-South, resale and rental properties will experience a surge. The improved service is ideal for connecting students and new MacMaster core workers to suburbs that need the growth and divert some of the housing attention away from West Hamilton.
Hamilton is one of many municipalities across Ontario that signed a deal with the provincial agency, Metrolinx, for the joint purchase of buses in 2009, with an option … (0 comments)

New designs solve the "wet seat" syndrome - 12/10/08 04:12 PM
I know it's not a funny subject for women. I live with three females and am constantly reminded about putting down seats and cleaning after ones-self. It's not me, you understand, I also live with twin teenage boys.
I first noticed new urinal designs in a couple of new restaurants in town. Apparently, similar designs are making their way into bathroom reno's.
This article provides a little insight. But beware, if your wife reads it, the cost of the bathroom reno just went up.
http://www.metronews.ca/vancouver/live/article/150307
 
Robert J. Morrow is editor of www.HamiltonHomeReview.com, an online real estate magazine serving Greater Hamilton, … (0 comments)

Immigration to fuel housing sales - 12/10/08 04:04 PM
Immigration will continue to be the key driver in ensuring Ontario's housing market remains buoyant, a Canada Mortgage and Housing Corp. conference heard.
"This is going to be important," CMHC senior market analyst Jason Mercer told the conference, held recently at the Metro Toronto Conference Centre. "The key issue we are looking at is population growth," Mercer added. "All these new households are going to need a place to live."Coupled with the high number of first-time homebuyers continuing to flood the market and downsizing baby boomers, all this activity will continue to fuel a "balanced market situation," he said.
Indeed, if … (0 comments)

Renovate to stand out...and sell! - 12/10/08 03:35 PM
Okay, so they're telling us it's going to be harder to sell your home in 2009. Those of you who don't let others tell you what life is going to do to you have no doubt thought about some renovations you can do to your home that will make it stand out in the crowd when you sell.
This advice from Elizabeth Blair, a Licensed Mortgage Agent with Mortgage Edge in Richmond Hill, Ontario.
If you live in a freehold house, you should be spending an average of 1% of your home value annually, on maintenance, just to keep it in good … (0 comments)

Metrolinx, metro-what? - 12/10/08 03:20 PM
I was suprised to find out that many consumers haven't heard about the 84-page Metrolinx plan that commits to building three rapid transit lines in Hamilton with 25 years, two of them by 2023.
If you don't know much about it, here's the scoop:
One line will run east-west from McMaster University to Centtennial Parkway--what Hamilton has been calling the B-line. A north-south line is planned to run along James St. up the Mountain.
The east-west line is a top 15 priority among the 40 projects Metrolinx wants completed in the next 15 years.
"We could have it running the next eight years," … (0 comments)

You're Fired! - 12/10/08 03:06 PM
I had an interesting conversation with a peer the other day and he told me the story of a new technique to add to our arsenal as agents. Here's the scenario:
He'd worked hard to get the listing, probably back in August when things were still going well. He competed with two other agents but won out in the end by impressing them with his marketing plan. The price was a little high but he wanted the listing, even if just to get leads in the neighbourhood.
Six months and about $3,000 later, he's listening to the client complain that he needs to advertise more if he's going … (8 comments)

Convincing someone to move to Hamilton? - 12/10/08 02:47 PM
I found this article that probably more than anything else I've read lately, promotes Hamilton as not only a great place to live, but also a great place to invest in your future.
If you're trying to convince someone (including yourself) that there is a bright future for Hamilton, send them this link:
http://www.nationalpost.com/life/homes/story.html?id=953569
Robert J. Morrow is editor of www.HamiltonHomeReview.com, an online real estate magazine serving Greater Hamilton, Ontario. Click here for a FREE SUBSCRIPTION sent to your email monthly. Click here to receive new Hamilton area listings in your email daily.
(0 comments)

 

Robert Morrow

Hamilton, ON

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Chase Realty Inc. Brokerage

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