(January 21, 2012 – Hamilton, ON) The REALTORS® Association of Hamilton-Burlington (RAHB) expects to see continued steadiness in the real estate market in 2013, according to RAHB president Bruce Moran. He predicted prices will level off in most areas in the RAHB market area*, with some variation from community to community.

Click herefor the full media release.

Click here for charts of 10-year residential real estate results for 14 communities in the RAHB market area.

Click here for a history Chart of property sales (all property types) from 1955 to 2012.

Click here to view a video conversation between 2013 President Bruce Moran and CEO Ross Godsoe discussing the 2012 real estate market results a....

(January 7, 2013 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported the residential market saw an 8.3 per cent increase in average sale price in December compared to the same month the previous year. The median sale price also saw gains over December of last year.

“The month of December was very much like the previous few months,” said RAHB CEO Ross Godsoe, “with fewer listings and sales than last year and also with an increase in average sale price.”

Seasonally adjusted* sales of residential properties were 11.5 per cent lower than the same month last year, with the average sale price up 6.9 per cent for the month. Seasonally adjusted numbers of new listings were 5.9% per cent lower than the same month last year.

Click here for the full media release including the charts for Seasonally Adjusted Residential Only, All property types, Residential only-Actual,....

(December 5, 2012 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported the residential market saw an 8.5 per cent increase in average sale price in November compared to the same month last year. The median sale price also saw gains over November of last year.

“Our general market area continues to see rising average sale prices from last year,” said RAHB President Cameron Nolan. “That should not be understood to mean our area is less affordable than it was a year ago. We have a number of communities which showed very modest increases over last year or slight decreases. ”

Seasonally adjusted* sales of residential properties were 10.6 per cent lower than the same month last year, with the average sale price up 8.7 per cent for the month. Seasonally adjusted numbers of new listings were 2.3 per cent lower than the same month last year.

Click herefor the full media re....

December

Are these headlines familiar? ‘Household debts on the rise!’ or ‘Debt hits new high!’? How about, ‘Canadians' debt soars into danger zone!’

At a time when Canadians are grappling with historically high household debt levels - upwards of 163 per cent according to Statistics Canada - young adults are feeling insecure about their knowledge of the financial implications of homeownership. In a recent survey commissioned by The Canadian Real Estate Association (CREA), 70 percent of Canadians between 18 and 29 indicated a “major need” for more information about the financial implications of buying a home. This figure is particularly meaningful as many in this age group are on the cusp of buying a home for the first time and undoubtedly want to make an informed decision.

Homes are a major asset and, for most Canadians, represent the single largest financial investment of their lives - and most buyers must finance their purchase using some form of credit. Home owne....

(November 5, 2012 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported the residential market saw an 11.9 per cent increase in average sale price in October compared to the same month last year. The median sale price also saw gains over October of last year.

“The steady increase in residential prices over last year continues,” said RAHB President Cameron Nolan. “We are also seeing less of a difference between numbers of new listings this year compared to last. Those listings are still being sold faster than last year, with the average number of days on market at 45 days.”

Seasonally adjusted* sales of residential properties were 9.4 per cent lower than the same month last year, with the average sale price up 9.9 per cent for the month. Seasonally adjusted numbers of new listings were 7.8 per cent lower than the same month last year.

Click here for the full me....