Hamilton Home Review-Robert J. Morrow, editor

By
Real Estate Agent - Chase Realty Inc. Brokerage
A mix of timely issues concerning real estate buying and selling...and a little humour to lighten the load.

ARCHIVED BLOG POSTS

2009 

During Nov and Dec of last year, national housing starts dropped below 180,000 units. The average over the past seven years, beginning in 2002, has been 223,000 units. Be prepared for this to be the new normal level for quite some time, at least through 2010. In fact, it may well turn out that 18...
01/22/2009
I came across an article today that speaks to the increasing frustration all of have with banks. (link below). Despite a downturn in the economy, banks boasted over $19.5 billion in profits for 2007 (not income, profits!). The Bank of Canada has now lowered the lending rate to 1%, the lowest in h...
01/22/2009
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I recently read a release from one of the major Real Estate franchises (I won't say which because I'd be inundated with hate/defensive mail) that states "Canada's real estate environoment is considerably more complex than it has been in recent years." For crying out loud... ...
01/22/2009
Statistics can be made to state whatever you want them too, as long as you have info to back you up. For example, average house prices reported in Canada are derived from the MLS(R) system. It is not wholly accurate as private sales and new home sales are not included. But economists and the CMHC...
01/22/2009
I was sent a notice today about a new book about Canada's new Tax Free Savings Account. If you need more info, check it out. Here's the publisher's ad copy: "This may be one of the most important little investment books you'll ever read! Financial expert Gordon Pape explains ...
01/15/2009
It should be considered common sense but apparently some Sellers need to be told point blank that the same economy that is affecting their house value when selling is affecting the Sellers of the new home they want also. Here's a sample from RE/MAX sales representative, Amil Paul of Toronto: ...
01/15/2009
If you've been paying any attention at all, you'll have heard about the Canadian government's latest savings scheme. For once, it seems to have few, if any flaws. in a nutshell, you can contribute $5000 per year into the account and then take it out again whenever you like...tax free....
01/12/2009
The city of Hamilton unveiled plans Saturday, Jan 10/09  for the new Farmers' Market and Central Library.   According to attendees, the architect, David Premi, a Hamilton native, has done an amazing job of understanding the current problems in the market and has come up with a vision for the ...
01/12/2009
It used to be that when you renovated some portion of your home, the home's value would increase. Things aren't quite the same now. A recent survey by Remodeling Magazine, a periodical for builders, publishes an annual survey of the value of home improvements. The depressing results inclu...
01/12/2009
Last month I posted an entry about Tim Hortons and mentioned I was a former employee. It garnered such response via email that I thought some other info was merited. Actually, a friend honed me into this article which I missed from The Hamilton Spectator last summer. It's the story of Ron Joy...
01/12/2009
Rainer
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Robert Morrow

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