CREA President comments on the Candian real estate market

admin@tamerfahmi.com — Sun, 26 Oct 2008 05:00:00 +0100

Cal Lindberg

The President of The Canadi [...]

Carol Franko Joins Hearth & Home Realty Inc.

admin@tamerfahmi.com — Thu, 02 Oct 2008 05:00:00 +0100

We at Hearth & Home Realty are thrilled to announce the recent appointment of CAROL FRANKO, Broker. Carol has joined us in our downtown Burlington location, she is a real joy to have in the office, her experience and wisdom will greatly contribute to all clients and friends of HEARTH & HOME REALTY.

New MLS® residential listing levels reach new heights in July

admin@tamerfahmi.com — Fri, 05 Sep 2008 05:00:00 +0100

OTTAWA - August 29th, 2008 - The number of new listings of homes for sale on the Multiple Listing Service® (MLS®) of all real estate Boards in Canada set a new record in July 2008, according to MLS® statistics released by The Canadian Real Estate Association (CREA).

New MLS® residential listings numbered 80,147 units in July 2008, up 1.4 per cent from the previous month and 0.5 per cent above the previous record set in May 2008. This is the first time in any month that n [...]

July In the Market...

Wed, 16 Jul 2008 05:00:00 +0100

Unit sales remain strong in Burlington

As we conclude the first half of 2008, the Burlington area real estate market is still showing customer confidence and enthusiasm, adding 350 unit sales in the month of June, this brings the monthly average year-to-date to 298 units sold per month or a total of 1,788 residential homes sold. This is slightly above the monthly average for 2007, which was recorded at 291 units sold per month. Average home prices are currently sitting at $352,274, agai [...]

Spring Market Analysis Part II - Burlington Ontario

Mon, 23 Jun 2008 05:00:00 +0100

Burlington unit sales showed a volume of 1438 units sold as of May 31, 2008, at an average sale price of $351,756, averaging 97% of the asking price, while remaining on the market for a period of 43 days.

Comparing this volume with same period last year, unit sales were 1567 representing an 8.97% drop in sales volume; at the same time in 2008 the average sale price increased from $333,322 in 2007 to $351,756, a 5.53% increase in market value over a year ago.

The most intriguing ob [...]

Father's Day Contest

tyler@virtually-sold.com — Wed, 04 Jun 2008 05:00:00 +0100

Fashion & Lifestyle for Men.

Contest is Now Closed. Thank you to all those who participated!

Congratulations to Kevin Wright who was the winner of the $100 Gift Certificate to Frackleton's.

Canada's Best Places to Live

Wed, 07 May 2008 05:00:00 +0100

Burlington, Ontario ranks number 8 in Canada for best places to live, 3rd in Ontario and 1st in the Greater Toronto Area. To see the full article, Click here...

Source: MoneySense Magazine: May 2008

Spring Market Analysis

Sun, 20 Apr 2008 05:00:00 +0100

January 1, 2008 to March 31, 2008 Statistics

Burlington Sales: 719 units, at an average price of $348,015. Remaining on the market for an average of 45 days.

Hamilton Sales: 1,136 units, at an average price of $192,431. Remaining on the market for an average of 50 days.

Ancaster Sales: 111 units, at an average price of $352,752. Remaining on the market for an average of 55 days.

Waterdown Sales: 67 units, at [...]

Bank rate cut again in March

Thu, 03 Apr 2008 05:00:00 +0100

The Bank of Canada cut its benchmark overnight lending rate by one-half of one percentage point to 3 1/2 per cent on March 4th, and signaled further cuts in the near future. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, now stands at 3.75 per cent.

The Bank warns: "there are clear signs that the U.S. economy is likely to experience a deeper and more prolonged slowdown than had been projected," and, "deterioration in ec [...]

Award of Merit - Tamer Fahmi

tyler@virtually-sold.com — Thu, 21 Feb 2008 05:00:00 +0100

NEWS RELEASE

Tamer Fahmi receives Prestigious Volunteer Recognition Award

Hamilton (January 22, 2008) - The REALTORS® Association of Hamilton-Burlington (RAHB) recently bestowed two members with prominent honours. Tamer Fahmi received the Award of Merit and fellow REALTOR® Stacey Adamson was named Volunteer of the Year.

Tamer Fahmi, Broker of Record at Hearth and Home Realty Inc., has been actively selling real estate since 1976. He has given his t [...]

CREA Real Estate Economic Outlook - 2008

Sun, 27 Jan 2008 05:00:00 +0100

Read this recent message sent by Ms. Ann Bosley, 2007 CREA President, to all Canadian Real Estate boards and Associations;

Click here here for full report and statistics

January 23, 2008

Attn: Boards and Associations

The Canadian Real Estate Association today issued the attached news release to provide a dose of "economic reality" about the housing market in Canada. Events of the past week, in [...]

Land Transfer Tax Rebate extended

Sat, 22 Dec 2007 05:00:00 +0100

Government of Ontario just announced and extension on the First Time Home Buyers Program Land Transfer Tax rebate of up to $2,000 on Resale homes as well as New Homes, click here for more details; http://www.rev.gov.on.ca/english/notices/ltt/pdf/0207.pdf

Housing Market Outlook - Hamilton - Burlington 2007-2008

Thu, 13 Dec 2007 05:00:00 +0100

Low interest rates, increased employment levels and a healthy economy spurred solid real estate activity in Hamilton-Burlington in 2007. The number of homes sold is expected to top 13,760 units by year-end, representing a 5% increase over 2006 levels. Average price is to climb 7% to $268,000, up from $248,754 one year earlier. First time buyers remain a force in the residential marketplace, looking for condos priced from $200,000 & detached homes from $250,000. Also active in the market [...]

National Summary 2007

Wed, 12 Dec 2007 05:00:00 +0100

National MLS® resale housing activity in October 2007 reached its highest level on record for the month of October and sales remain on track for a new annual record, according to statistics released by The Canadian Real Estate Association (CREA).

Seasonally adjusted sales climbed 1.3 per cent compared to the previous month to 41,871 units in October 2007. The monthly increase resulted from strengthened activity in Ontario and Quebec, which more than offset fewer sales in British Co [...]

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