Market Activity | Hearth & Home Realty Inc. Brokerage

Home Buyer beware when going it alone

Posted by: Tamer Fahmi in Sales, Market Activity, Homeowners Tips, Economy on May 10, 2011

Moneyville Blog, Toronto Star, May 6, 2011

By Mark Weisleder

Many people who go it alone when buying a home turn up at open houses or contact the seller's agent directly, thinking they can save half of the commission and get a better deal.

I'm not so sure it's that easy. These buyers do not understand

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Balanced market for spring.

Posted by: Tamer Fahmi in Statistics, Ontario, Market Activity, Hamilton Real Estate, Economy, Burlington Real Estate on Apr 14, 2011

(April 5, 2011 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported a total of 1128 units sold in the association's jurisdiction* in the month of March, according to Multiple Listing Service® (MLS®) statistics released today. This represents a 12.1 per cent

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Realtors predict slowing growth of home sales under tighter mortgage rules

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hearth Home, Hamilton Real Estate, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Mar 16, 2011

March 15, 2011 Toronto Star Mary Gazze

The national average price for homes rose 8.8 per cent year-over-year in February, but a group of Canada's realtors suggest they might not stay at those levels for much longer as stricter mortgage rules come into effect.

The Canadian Real Estate Association

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Finance Minister announces new mortgage rules.

Posted by: Tamer Fahmi in Ontario, Market Activity, Government, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate, Announcement on Jan 18, 2011

Jim Flaherty, Minister of Finance, and Christian Paradis, Minister of Natural Resources, announced the following adjustments to the rules for government-backed insured mortgages to support the long-term stability of Canada's housing market.

Reduce the maximum amortization period to 30 years from

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Canadian real estate market stronger than expected

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hamilton Real Estate, Future Outlook, Economy, CREA Canadian Real Estate Association, Burlington Real Estate on Jan 14, 2011

Low interest rates should continue to stabilize Canada's resale housing market but the average national price and sales volumes will likely decline from last year, the Canadian Real Estate Association said Friday.

"The hand off to 2011 for sales activity in the fourth quarter suggests that the

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Our housing market to side step U.S. style bubble.

Posted by: Tamer Fahmi in Ontario, Market Activity, Future Outlook, Economy on Dec 17, 2010

Toronto Star

By Mark Weisleder| Wed Dec 15 2010

As Bank of Canada Governor Mark Carney tries to talk Canadians out of piling up too much debt, the comments have led to a lot of speculation about whether Canada faces a U.S.- style housing meltdown.

Nothing could be further from the truth. The

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Mortgage Matters - Fall 2010

Posted by: Tamer Fahmi in Sales, Ontario, Market Activity, Homeowners Tips, Hamilton Real Estate, Economy, Burlington Real Estate on Nov 19, 2010

Market conditions in the Burlington area continue to be strong. There was concern that a slowing economy in the 2nd half of the year would have a slowing effect on real estate markets. However, low mortgage rates have helped to fuel continuing demand.

First time home buyers are taking full

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Most Ontarians confused about HST and resale homes

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Government, Future Outlook, Economy, Burlington Real Estate on Oct 27, 2010

56% mistakenly believe HST applies to purchase price

Toronto, Ontario, October 27, 2010 - An Ipsos Reid survey commissioned by the Ontario Real Estate Association (OREA) and released today reveals that fully 56 percent of Ontarians mistakenly believe that the new Harmonized Sales Tax (HST) applies

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It's been a good year so far

Posted by: Tamer Fahmi in Statistics, Sales, Ontario, Market Activity, Hamilton Real Estate, Economy, Burlington Real Estate on Sep 07, 2010

The Greater Hamilton-Burlington area resale market reported a total of 1021 units sold in August, indicating a decrease of 9.5 per cent from the same month last year but an increase of almost 2 per cent over July of this year, according to Multiple Listing Service® (MLS®) statistics released by

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Duelling reports on housing

Posted by: Tamer Fahmi in Ontario, Market Activity, Hearth Home, Government, Future Outlook, Economy, Burlington Real Estate on Sep 01, 2010

A U.S.-style housing crash is unlikely in Canada, says a study by the C.D. Howe Institute.

A decline in underwriting standards played an essential role in the American housing boom and subsequent bust. That has not been the case in Canada, says the study released Tuesday.

It comes on the heels of

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