april 2015 issue 110

WHAT’S INSIDE:HOMES FOR SALE | PAGE 4Hamilton, Stoney Creek, Ancaster,Dundas & Glanbrook

LUXURY & WAtERFRONt | PAGE 9

HOMES FOR SALE | PAGE 6Grimsby, Lincoln, West Lincoln & Niagara

Canadian home salespredicted to shrink 1.1 per cent in 2015PAGE 5

April 2015 - Vol 75

Rob GolfiSales Representative

Hamilton Down Payment Assistance Program

The City of Hamilton is launching another round of the Down Payment AssistanceProgram for low- to moderate-income individuals and families who rent inHamilton and want to purchase a home. The program is aimed at those who can

afford regular mortgage payments but for whom home ownership is out of reach due tothe inability to raise a lump sum down payment. Funding will be issued on a first-come,first-serve basis to eligible participants until the fund is exhausted.

Down payment assistance is in the form of a forgivable loan of either 5% or 10% ofthe purchase price depending on household income and whether the household includesdependents.

Applicants must retain the house for a 20-year period after which the loan is forgiv-en. If the property is sold, or the terms of the loan agreement are breached within the20-year period, applicants must repay the principal loan amount AND either 5% or 10%(depending on the percentage down payment assistance received) of any capital appre-ciation.

This program starts Monday March 30, 2015. Limited funds are available through the city. Contact The Golfi Team immediately

for details 905-575-7700

HOME EVALUATION

NO COST • NO OBLIGATION

905-575-7700 | 905-945-0188

HOME EVALUATION

NO COST • NO OBLIGATION

905-575-7700 | 905-945-0188

Call Today 905-945-0188

The Golfi TeaM Real Estate Market Watch April 2015

www.GolfiTeam.comCheck out our redesigned website for all

the latest information in Real Estate!

COMinG FEBRUARY!

| Rob Golfi | 905-575-7700

where the future takes shape

Rob GolfiSALES REpRESEnTATivE

905-575-7700

If you are buying or selling

a home, contact

Seniors Real Estate Specialist is a designation for REALTORS® to address the needs of home

buyers and sellers, age 50-plus.

Recognized as the mark of accomplishment in luxury markets around the

world, the Certified Luxury Home Marketing Specialist (CLHMS) designation

assures affluent buyers and sellers that the agents who have earned it have

the knowledge, experience, competence – and confidence –they require.

Real Estate Specialist

LUXURY PROPERTIESSaLES SPECIaLIST

Rob GolfiSales RepresentativeLuxuryLuxury

www.GolfiTeam.com

April 2015 The Golfi TeaM Real Estate Market Watch

MUST SELL• Estate Sales• Bank Foreclosures• Company-Owned Properties• Distress Sales

Free List with Pictures

www.HamiltonDistressSales.com

Fixer-upperHOMeS FOr SALe

These homes need work.Free list with pictures.

www.HamiltonFixerUpper.com

Homes For Sale

Call Us Today for information on Any of these Homes!

905-575-7700 • 905-945-0188

Bungalows & Raised Ranches Two Storeys • Semis & Town Homes

How to Sella Home ThatDidn’t SellHAMILTON/NIAGARA – If your home has justcome off the market and hasn’t sold, don’t be dis-couraged. The reason your home did not sell mayhave nothing to do with your home or the market.In reality, your home may have been one of themost desirable properties for sale.So Why Didn’t Your Home Sell?

Last year almost half of the homes listed for salenever sold at all, and many sellers found that therewas a tremendous amount a homeowner needed tobe educated on to sell their home for top dollar inthe shortest time period.

Don’t risk making the wrong choices and losingboth time and money on your investment. Beforeyou hire a realtor, know the right questions to askto save you time and money.

Industry experts have prepared a free specialreport called “How to Sell a House that Didn’t Sell”which educates you on the issues involved.

Please visit www.CouldntSell.com

HAMILTON - According toindustry experts, there areover 33 physical problemsthat will come under scrutinyduring a home inspectionwhen your home is for sale.A new report has been pre-pared which identifies theeleven most common ofthese problems, and whatyou should know about thembefore you list your home forsale.

Whether you own an oldhome or a brand new one,there are a number of thingsthat can fall short of require-ments during a home inspec-tion. If not dealt with, any ofthese 11 items could cost youdearly in terms of repair.That’s why it’s critical thatyou read this report beforeyou list your home. If youwait until the building inspec-tor flags these issues for you,

you will almost certainlyexperience costly delays inthe close of your home saleor, worse, turn prospectivebuyers away altogether.

In most cases, you canmake a reasonable pre-inspection yourself if youknow what you’re lookingfor, and knowing what you’relooking for can help you pre-vent little problems fromgrowing into costly and

unmanageable ones.

To help home sellers deal

with this issue before their

homes are listed, a free report

entitled “11 Things You Need

to Know to Pass Your Home

Inspection” has been com-

piled which explains the

issues involved.

To order your free copy

of this report visit www.

HamiltonInspectionPitfalls.com

27 Quick &Easy Fix Ups toSell Your HomeFast and forTop DollarHAMILTON/NIAGARA – Because your

home may well be your largest asset, sell-

ing it is probably one of the most impor-

tant decisions you will make in your life.

And once you have made that decision,

you’ll want to sell your home for the high-

est price in the shortest time possible with-

out compromising your sanity. Before you

place your home on the market, here’s a

way to help you to be as prepared as pos-

sible.

To assist homesellers, a new industry

report has just been released called “27

Valuable Tips That You Should Know to

Get Your Home Sold Fast and for Top

Dollar.” It tackles the important issues you

need to know to make your home compet-

itive in today’s tough, aggressive market-

place.

Through these 27 tips, you will discov-

er how to protect and capitalize on your

most important investment, reduce stress,

be in control of your situation, and make

the most profit possible.

In this report you’ll discover how to

avoid financial disappointment or worse, a

financial disaster when selling your home.

Using a common-sense approach, you get

the straight facts about what can make or

break the sale of your home.

You owe it to yourself to learn how

these important tips will give you the com-

petitive edge to get your home sold fast

and for the most amount of money.

How to order your free copy of this

report, check us out online at

www.hamilton27tips.com

11 Critical Home Inspection Traps To Be

Aware Before Listing Your Home For Sale

Hamilton EaSt

Bungalows/Raised Ranches

Starting at $128,900

25 Available

two Storeys


12 Available

Semis & townHomes


14 Available

Hamilton mtn



51 Available

two Storeys


85 Available

Semis & townHomes


25 Available

Hamilton CtR


Starting at $64,900

9 Available

two Storeys


56 Available

Semis & townHomes

Starting at $94,900

14 Available

StonEy CRk upR



4 Available

two Storeys


26 Available

Semis & townHomes


11 Available

StonEy CRk lWR



21 Available

two Storeys


61 Available

Semis & townHomes


23 Available

GRimSBy



20 Available

two Storeys


31 Available

Semis & townHomes


10 Available

linColn



25 Available

two Storeys


27 Available

Semis & townHomes

Starting at $88,500

18 Available

Fabulous Find Prestigious 3 acre lot with a 230 ft. frontage and 550 ft. deep,build any size home you want. Existing home upgrades includewindows, roof, furnace, air conditioning, siding drilled well andelectrical all within the past 10 yrs. Property also has cisternbut not used at the present time.764 Fiddler’s Green Road, Ancaster $569,900

Ideal family home, great location! Well kept 3 bedroom, 2 bathroom home with an oversizedgarage and big driveway. Rec-room and 3 piece bath in thelower level. Hardwood floors. Shows very well, greatneighbourhood. 15x28 saltwater pool, 4 feet deep & approx. 6years old.125 east 36th street, Hamilton $269,900

Walk in and be ‘WOW’ed! COMPLETELY RENOVATED TOP TO BOTTOM. Espressokitch cabinets w/gorgeous granite, ceramic flrs, brand new SSappliances. All new wdws & doors, dble car garage w/new dooropener. Large separate dr & lr, soaker tub, plus a finished loftperfect for a get away . This one is a 10+.61 Cathcart Street, Hamilton $284,900

Bungalow in a great location!Very well kept bungalow in a great location! Many updates in2010 include furnace, c/air, insulation, soffits/eaves. Featuresinclude hardwood flooring, spacious basement w/large familyrm, 2 bedrms & bathrm, separate side entrance could easily beinlaw apt.4 Sheridan Drive, Hamilton $309,900

Live on the beach!! 135 feet of unobstructed view. All season sunroom w/Lakeviews. Gorgeous second floor deck overlooking Lake Ontario.Many updates include flooring, kitchen, windows, fencing anddriveway. Private parking off Dexter, last driveway on theNorth side.7 Woodland Avenue , Hamilton $599,900

Location and valueHamiltons hottest neighbourhood large 2 storey. City willconsider front yard parking(add value to your investment!).Cap rate is 6.6%. Seller is licensed registrant.29 Holton Avenue North, Hamilton $149,900

Finders-keepers!Nothing to do but move in to this beautifully, well kept home infamily-friendly neighbourhood, featuring beautiful hardwood,granite counters in kitchen and bath, custom drapery, crownmoulding and gorgeous exposed aggregate and stampedconcrete drive and patio. Lot size 36’ x 136’, fenced yard.193 Montreal Circle, Stoney Creek $424,900

Bring your cheque book!! Renovated in 2012. Shows very nice, nothing to do but movein. Rear parking for 2-3 cars and street parking. Gorgeousrenovated kitchen & bathroom will wow your clients. Greatfamily neighbourhood. Walk to shopping on concession street47 East 22nd Street, Hamilton $229,900

Meadowlands Custom BeautyImmaculate 4 bedroom custom built Maple Crest home inAncaster, approx. 3000 sq. feet, ceramics and oak hardwoodon main fl. Dream kitchen, gorgeous in-ground heated saltwater pool, & landscaping. No disappointments!4 Pickard Avenue, Ancaster $799,900

Custom Built BungalowOutstanding & immaculate custom built 1841 sq.ft. all brickbungalow sitting on one acre with 3 car garage, featuringbeautiful hardwood through-out, stylish kitchen with granitecounter tops, main floor laundry, partially finished basementwith 3pc bath & rough-in for kitchen.1489 ½ Highway #8, Stoney Creek $549,900

Bright and spaciousThe word “Plateau” is in its namesake. Custom home built onhalf acre lot. Fully finished basement w/second kitchen, 2 coldcellars & walk out, oversized Barzotti kitchen w/sliding drsleading to pool sized fenced lot, sunken family room, dining rmlarge enough for any size family.36 Hilts Drive, Stoney Creek $749,900

4-level backsplitWell maintained 4-level back split in desirable Templemeadneighbourhood. Updates include newer windows, newer roof,newer tiling. Home features large family room with gasfireplace, main level sliding patio door with walkout to deck,large drive with two accesses and parking for 7 cars. Close toschools and amenities.171 Independence, Hamilton $344,900

Hamilton, Stoney CreekAncaster, Dundas & Glanbrook

Rob Golfi*

Call Today 905-575-7700


Hamilton, Stoney CreekAncaster, Dundas & Glanbrook

Rob Golfi*

www.GolfiTeam.com

Sought-after Rosedale locationPrime Rosedale location on an amazing lot features largerooms, French doors, separate dining room, 2 baths, gasfireplace, attached garage and concrete drive. Updatesinclude updated kitchen, furnace 2005, central air 2013,windows, roof (2009), freshly painted. Won’t last! 131 Rosedale Avenue, Hamilton $319,900


A slice of heavenPicturesque 3/4 acre country corner lot bungalow surroundedby pure nature. This home features pride of ownership with anopen and inviting floor plan and sun filled rooms, finishedbasement, main floor laundry, updated shingles and furnace.3226 Indian Trail, Ancaster $499,900

Bungalow Beauty! Beautiful spacious 3+1 bedroom, 3 bath bungalow in primeStoney Creek location. This property features hardwood andceramic floors throughout, maple kitchen with pantry, ensuite,walk-in closet, central vacuum, central air, in-ground sprinkler,shingles 12/14, California shutters, fully finished basement,concrete drive and patio with shed. Close to QEW, schools,park and go station. 79 Napa Lane, Stoney Creek $544,900

Why pay rent when you can own!Perfect for First Time Buyers! Ready to move in. Homefeatures 3+1 bedrooms, renovated bathrm, updated windows,hardwd flooring, new kitchen backsplash, new roof 2013,newer furnace & completely fenced-in backyard. Don’t wait!.338 Barton Street, Stoney Creek, $249,900

Stunning Luxury Waterfront HomeAre you desiring the waterfront dream? This home checks allof the boxes to fulfill that wish. Nestled amongst towering treeswith backyard pool overlooking Lake Ontario. Stunning!24 Lakeshore Drive, Stoney Creek, $949,900

Pristine Waterfront Home!This expansive minimalist designed home will impress. Yourfamily will love the open concept and views from the balconiesthat will take your breath away. 51 Windemere Road, Stoney Creek, $989,900

WATERFRONT WATERFRONT

TORONTO — The Canadian Real EstateAssociation is predicting that the impact ofdeclining oil prices on consumer confi-dence in some provinces will push downCanadian home sales by 1.1 per cent thisyear, to 475,700 units countrywide.

CREA also estimates the national aver-age home price will grow by two per cent to$416,200 this year, a smaller increase thanlast year, as Alberta’s average home pricesslip by an estimated 3.4 per cent this year to$387,600.

The association had earlier predictedhome sales would be 0.8 per cent above2014, rising to 485,200 units, but revised itsoutlook lower to reflect the falling price ofoil.

Provinces with significant oil productionwill see lower home sales. Alberta is expect-ed to see sales fall by 19.3 per cent in 2015,Saskatchewan by 11.2 per cent, Manitobaby 2.2 per cent and Newfoundland by oneper cent.

However, RBC Economist Robert Hoguesaid the oil price-related turbulence inWestern Canada looks like it may subsidesoon.

“It is encouraging to see possible signs that the worstmay soon be over in Calgary and Saskatchewan,” Hoguesaid in a note. “In particular, we point to the drop in newlistings in these markets as a positive development that,if sustained, would suggest to us that panic is not settingin and that activity may be close to reaching a floor.”

Canada’s other provinces will continue to see highersales and relatively stable or higher average sales prices,according to CREA.

British Columbia is projected to see the number ofhome sales increase by 4.9 per cent, Nova Scotia by 3.7per cent and Quebec and New Brunswick by 2.5 percent.

READ MORE: Mortgage wars heat up Vancouver’salready hot real estate market

Ontario is expected to see a 1.9 per cent boost in saleslevels from 2014, while Prince Edward Island is project-ed to see sales activity rise by 1.4 per cent.

The B.C. average home price is expected to rise 3.4

per cent this year over 2014 to $587,600and Ontario’s average price will grow 2.5per cent to $441,900. Apart from those twoprovinces and Alberta, prices elsewhereare expected to be within one per cent oflast year.

TD Economist Diana Petramala saidalthough rock-bottom interest rates willfuel housing demand over the short term,“the impact is likely to fade as 2015unfolds.” Overall, Petramala predicts saleswill remain relatively flat over the courseof the year and price growth will slowdown to about one to two per cent.

“A stable housing market means theBank of Canada will be in no rush to raiseor lower interest rates over the near term,”Petramala said in a note.

Meanwhile, home sales in Februarywere up one per cent from January afterseveral months of back-to-back declines,though the picture was dramatically differ-ent in various regions.

The overall increase was led by theVancouver and Okanagan regions in B.C.and Toronto. However, CREA said saleswere lower in more than half of all local

markets compared with January as buyers on the Prairiesstayed on the sidelines amid low oil prices.

Compared with a year ago, sales last month were up2.7 per cent from February 2014.

The number of newly listed homes fell 2.5 per cent inFebruary compared to January.

The national average price for a home sold inFebruary was $431,812, up 6.3 per cent on a year-over-year basis.

Canadian home sales predicted to shrink 1.1 per cent in 2015Lower mortgage rates will spur more home-buying this spring, experts say.

Grimsby, LincolnWest Lincoln & Niagara

Rob Golfi*

Call Today 905-945-0188


Losani built Parkside model 1465 sq.ft., 3 BR, 2.5 bath w/fully fin. basement. Featuresopen concept kitchen with all stainless steel appliances.Upgraded flooring in living room. Master bedroom with his &her closets and 4pc master ensuite. Bedrm level laundry. Ton’sof upgrades! Direct access to fully fenced yard through garage.4847 Adam Court, Beamsville, $299,900

Done to Perfection This 3 level side split sits on almost 1/2 an acre in Grimsby.Updates: kitch, baths, flring, most windows, roof ‘11, furnace &AC ‘13, gas fireplace, electrical panel, sewer line, weeping tile,garage dr, updated insulation, & more. Summer of ‘14 newfencing & custom blinds.564 Main Street West, Grimsby $414,900

Quaint home on large lotHere’s your chance to snag a quaint, old home on a 66 x 245ft.lot for a friendly price. The home owner has done some nice“core” work to the house including cabinets, tile, floors, doors,trim & light fixtures. This lot has plenty of size to add onto thegarage or expand the foot print of the home.8917 Thorold Stone Road, Niagara Falls, $224,900

First time buyer? Investor?3 bedroom, 1-1/2 bath condo with updated bathrooms,basement flooring and furnace/C/A. Small 24 unit complexshort walk to town and local Tim’s. Finished rec room inbasement with inside entry to garage. Perfect for first timebuyer or investor. 149 St Catharines Street, Unit# 8, Smithville $144,900

9 ft Celings!3 storey 1800 sq.ft. freehold townhome features 9ft. ceilings, 3great size bedrooms, master with ensuite and walk-in closet,large eat in kitchen, rear yard backs onto pond, double cargarage and minutes to all amenities. To be built. Taxes are“not set”. 5072 Cassandra Drive, Unit 11, Beamsville, $309,900

Steps to town and 1 minute to QEW it's all about property and location! On 51 x 148 foot lot with atree lined street, large fenced in backyard, spacious driveway,this bungalow is ideal for Investors, retires or youngprofessionals looking to live in a growing community.39 Kerman Avenue, Grimsby, $279,900

Location! Location!Large 4 bedroom family home in a great location with easyaccess for a bus to Brock University, schools, and highways.Updates include roof 04, furnace 09, large attached garage,big yard and more. Great location for students or a great familyneighbourhood.36 Cartier Drive, Thorold, $259,000

In-Law SetupNewly built 2 storey home, with in-law sitting on nearly 30acres. 3 bedrm home w/ open concept living, 1 bedrm in-laww/ basement rec rm. Original barn, 43x24 ft garage/workshop& office. Property borders Twenty Mile Creek, beautifullypicturesque.4426 Regional Road 69, St Anns, $849,900

Rare end unit freehold townhome! 2 car garage w/inside entry, 1600 sq.ft. w/prof. fin. basement.Open concept main floor w/plank hardwood, eat-in kitchw/walkout to deck with roof covering half, lovely landscaped &fenced yard. Living room/dining room w/gas FP, main floorlaundry, master w/walk-in closet & ensuite. Condo Rd fee$82.00/mth. 334 Main St., E, Unit #6, Grimsby, $349,900

Income PotentialAffordable 2+1 bedroom 1990 sq.ft., 2 storey home w/ largefloor plan to make this a country dream home! BONUSseparate 1 bedroom professionally finished bungaloft w/fullkitchen, 3 pc bath, gas fireplace and separate patio w/greatincome potential to cut your mortgage in HALF!4058 Fly Road, Beamsville, $319,900

RM2 ZONING on permitted uses.¾ acre land site centrally located downtown area, permitteduses apartment dwelling, boarding or lodging dwelling, homefor the aged, nursing home, group home, private homedaycare. Call for details on permitted uses.Lot#21 Academy Street, Beamsville $369,900

Vacant Commerical Lot – NEW PRICE!VACANT COMMERCIAL LOT 40x140 ft. located walkingdistance to downtown Beamsville and QEW. Services are onthe road. Call Rob Golfi today at 905-945-0188 for a privateviewing. Thank you for visiting my website and I look forwardto hearing from you. 4946 Maple Avenue, Beamsville, $79,000

VACANT COMMERCIAL LOT

One Acre - Just the right size property–easy to maintain and nicely private!Enjoy country living only minutes from downtown and QEW.3+1 bedrm home boasts large eat-in kitchen, liv rm w/ fireplc,main floor family rm w/ walk-out to deck. Fully finished bsmt w/large rec room/fireplc + add’l bedrm/office. Oversized garage,small barn in fully fenced backyard w/ above grd pool + pond!262 Mountain Road, Grimsby, $344,000

Lakefront with 16 acres of vines alreadyplanted!Approx 21 acres property. Build your dream on lakefront parcelor create your own winery. Can be purchased with adjoiningLakeside Dr property. Great Opportunity!4921 Sann Road, Beamsville, $1,900,000

Country living in Grimsby2.35 Acres of good living. Property features a storey & a halfhome w/ updated large country kitchen, good size living rm &dining rm. Main floor also featuring 2 bedrms & main bathrm.Master bedrm upstairs. Let the kids run on the large propertywith paddocks and 2 barns.572 Ridge Road West, Grimsby, $549,900

Own your own vineyard!Approximately 28 Acres Parcel with 24 acres of vineyardplanted. 6 Acres-Sauv Blanc, 6 Acres-Gamay, 5 Acres-CabSauv, 5 Acres-Merlot, 1 Acre-Chardonnay, 1 Acre-SauvCoronation. Home has had some interior updates & new 3500gallon cistern. 4266 Greenlane, Beamsville, $1,399,900

8 acres of Merlot currently planted withWater Views!Water Views! Approx 19 acre parcel with fantastic views of thewater. Farmhouse currently rented. Great opportunities! Canbe purchased with adjoining Sann Road property. GreatOpportunity! 4558 Lakeside Drive, Beamsville, $1,899,900

Grimsby, LincolnWest Lincoln & Niagara

Rob Golfi*

www.GolfiTeam.com


Turn of the century character home!Beautifully finished with rich trim, crown mould, warmhardwoods, French doors, character front porch. Granitekitchen counter, added on family room with kitchenette &office. Carriage house perfect for the live/work environment.3869 Victoria Avenue, Vineland, $374,900

Beautiful lakefront property! Double car garage with 1 bedroom apartment, in-ground pool(as is) and garden. Landscaped yard leads to beach. Buyerto do “due diligence” with building permits, zoning, siteinfluences, conservation authority and property restrictions.Municipal services available at the road. Taxes “not set”.47 Lakeside Drive, St. Catharines, $379,900

Rare find - this Exclusive waterfront lotin private enclave.Looking for the right neighbor to build a luxury dream home on140 x 183 ft. lot. Exclusive listing to the Golfi Team. BeautifulWaterfront lot sitting on 140 x 183 ft. lot on private cul-de-sacon the shores of lake Ontario, services include sewers, waterand gas to lot line. 143 Lake Street, Grimsby, $955,000

WATERFRONT

WATERFRONT

Due Diligence Required

The Muskoka house – If you like livingon the water with no yard maintenance BIGGER THAN IT LOOKS! 2200 sq ft completely rebuiltWaterfront retreat w/180-degree views of Lake feat. 3 bedrms& 2 baths. Large master w/ensuite, two main floor bedrms, 3pcpowder rm, two-level living area, spacious dining rm, & oversized chefs gourmet kitch. You will love this freehold property!1-11th Street, Grimsby, $899,900

WATERFRONT

Dorchester Estates sweet spot!Spectacular custom built home backing onto the escarpmentoffering in-ground salt water pool, hot tub, on a prestigiouscourt. Features granite kitch counters, porcelain tiles, stainlesssteel appliances, main flr LR/DR, den or office, bonus great rm,hardwd flrs, lrg master suite. 28 Heathcote Court, Grimsby $829,900

Bragging rights for owning a piece ofperfection! Executive 2-storey home backs onto green-space! 1-1/2 yearold home 3+1 bedrm with main floor master suite, stylishkitchen, butler’s walk-in pantry, separate dining room, finishedbasement, office, games rm, rec rm & walk-out. 154 Forest Ridge Court, Welland $659,900

Prestigious Neighbourhood5 bedroom home on the most prestigious street in NiagaraFalls includes in-law w/nanny suite, in-ground pool, sunroomw/built in hot tub, landscaped yard w/sprinkler system, eat inkitch, family room w/wood fireplace. Updates: roof ‘12,Furnace ‘13, AC in in-law suite, Water pump 14, interior &exterior painted in ‘12.10185 Niagara River Parkway., Niagara Falls, $849,900

WATERFRONT

Call Today 905-575-7700


YOURHOME

GUARANTEED*OR WE BUY IT *Certain conditions applySOLD

www.Golfiteam.com | 905.575.7700 |1.800.288.9184

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THE ULTIMATE SELLING TEAM

RoB GolFiSALES REpRESEnTATivE

REALTORS® Association of Hamilton and Burlington

Home buyers not deterred by February's cold

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1079 property salesprocessed through the RAHB Multiple Listing

Service® (MLS®) system in February. This representsa 13.9 per cent increase in sales compared to February oflast year.

There were 1450 properties listed in February, anincrease of 2.6 per cent compared to the same month theyear prior. End-of-month listing inventory was 11.3 percent lower than last February.

“The record cold month of February didn’t keep thebuyers away,” said RAHB CEO Ross Godsoe. “Saleswere not only up from last year, but were about five percent higher than the average for the month of February.”

Seasonally adjusted* sales of residential propertieswere 10.9 per cent higher than the same month of theprevious year, with the average sale price up 9.6 per centfor the month. Seasonally adjusted numbers of new list-ings were 1.9 per cent higher than the same month theyear prior.

Actual overall residential sales were 13.2 per centhigher than the previous year at the same time.Residential freehold sales were 15 per cent higher thanlast February while sales in the condominium marketsaw an increase of 5.2 per cent.

“While there were more new listings in February ofthis year than there were last February, new listings arestill about 12 per cent lower than the 10-year average forthe month,” added Godsoe. “That is having an impact onthe listing inventory. The higher than average sales cou-pled with lower than average new listings plus continuedlow listing inventory is keeping our area firmly in a sell-er’s market.”

The average price of freehold properties showed anincrease of 10.1 per cent compared to the same monththe previous year; the average sale price in the condo-minium market increased by 3.2 per cent when com-pared to the same period.

The average sale price is based on the total dollar vol-ume of all properties sold in the RAHB market area.Average sale price information can be useful in estab-lishing long term trends, but should not be used as anindicator that specific properties have increased ordecreased in value.

The average days on market decreased from 44 to 36days in the freehold market and from 41 to 37 days in thecondominium market when compared to the same monththe previous year.

Year to date, sales are 3.9 per cent higher compared tothe same two-month period last year; listings are flat tolast year and the average sale price is 9.8 per cent high-er for the period.

important informationEstablished in 1921, the REALTORS® Association ofHamilton-Burlington (RAHB) represents more than 2,500real estate brokers and sales representatives fromHamilton, Burlington, and outlying areas. Members ofthe association may use the REALTOR® trademark,which identifies them as real estate professionals whosubscribe to a strict code of ethics. The association oper-ates the local Multiple Listing Service® (MLS®) andprovides ongoing professional education courses for itsmembers. In addition, RAHB is an active participant inthe Home Ownership Affordability Partnership (HOAP)and holds an annual auction in support of local charities.

Advertisements of local MLS® property listings andinformation about the services provided by a

REALTOR® can be found at www.REALTOR.ca. More information about RAHB is available at

www.rahb.ca.*Seasonal adjustment removes normal seasonal

variations, enabling analysis of monthly changes andfundamental trends in the data.


Luxury Homes & Waterfront Properties

Rob Golfi*

www.GolfiTeam.com

Rob Golfi*

The Muskoka house – If you like livingon the water with no yard maintenance BIGGER THAN IT LOOKS! 2200 sq ft completely rebuiltWaterfront retreat w/180-degree views of Lake feat. 3 bedrms& 2 baths. Large master w/ensuite, two main floor bedrms, 3pcpowder rm, two-level living area, spacious dining rm, & oversized chefs gourmet kitch. You will love this freehold property!1-11th Street, Grimsby, $899,900

WATERFRONT

Rare find - this Exclusive waterfront lotin private enclave.Looking for the right neighbor to build a luxury dream home on140 x 183 ft. lot. Exclusive listing to the Golfi Team. BeautifulWaterfront lot sitting on 140 x 183 ft. lot on private cul-de-sacon the shores of lake Ontario, services include sewers, waterand gas to lot line. 143 Lake Street, Grimsby, $955,000

WATERFRONT

Stunning Luxury Waterfront HomeAre you desiring the waterfront dream? This home checks allof the boxes to fulfill that wish. Nestled amongst towering treeswith backyard pool overlooking Lake Ontario. Stunning!24 Lakeshore Drive, Stoney Creek, $949,900

Pristine Waterfront Home!This expansive minimalist designed home will impress. Yourfamily will love the open concept and views from the balconiesthat will take your breath away. 51 Windemere Road, Stoney Creek, $989,900

WATERFRONT

WATERFRONT

Prestigious Neighbourhood5 bedroom home on the most prestigious street in NiagaraFalls includes in-law w/nanny suite, in-ground pool, sunroomw/built in hot tub, landscaped yard w/sprinkler system, eat inkitch, family room w/wood fireplace. Updates: roof ‘12,Furnace ‘13, AC in in-law suite, Water pump 14, interior &exterior painted in ‘12.10185 Niagara River Pkwy., Niagara Falls, $849,900

WATERFRONT

Live on the Beach!135 feet of unobstructed view. All season sunroom w/Lakeviews. Gorgeous second floor deck overlooking Lake Ontario.Many updates include flooring, kitchen, windows, fencing anddriveway. Private parking off Dexter, last driveway on theNorth side.7 Woodland Avenue, Hamilton $599,900

WATERFRONT

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HOME STAGING

Jacqueline Paradisi

Paul Lewis SettimiBarrister, Solicitor and Notary Public

8 Main Street East, Suite 303Hamilton, Ontario L8N 1E8Bus: 905-527-0808Fax: 905-527-0774

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Crossword Solution

Developer pays 32 per centpremium in hunt forVancouver land

An aging three-storey apartment complex covering one city block on Vancouver’saffluent west side has been sold at a hefty profit to a developer for $26.3-million,the latest sign of the boom in Canada’s most expensive housing market.

Cressey Development Group’s purchase price is $6.35-million higher than what thesellers paid last year, or a 32-per-cent premium. Cressey plans to demolish five buildingsdating back to 1948 on the site and construct a new four-storey, mixed-use developmentwith retail space on the ground level and condo units above.

The purchase places the spotlight on builders’ hunt for developable land in Vancouver,which is boxed in by the ocean, mountains and agricultural land reserves. CanadianPacific Railway Ltd.’s abandoned freight line, the Arbutus corridor, is being eyed by somedevelopers because the 9.5-kilometre-long route is up to 20 metres wide. The railway’sproperty snakes through some of Canada’s priciest neighbourhoods, including a stretch oftrack next door to Cressey’s new acquisition.

Cressey’s deal to buy the multifamily complex will close on April 7. Tax records showthat the sellers, Alex Zhang and Lucy Xu, assembled three commercially zoned lotsbetween January and May of 2014 for a total of $19.95-million to clear the way for a sin-gle listing. The three land parcels combined had assessed values that totalled $15.87-mil-lion in July, 2013.

Apartment tenants in the complex used to be suite owners in a long-standing co-oparrangement for 44 units, said Mark Goodman, a principal at HQ Commercial, which list-ed the property in September for $28-million. Mr. Zhang and Ms. Xu, through WestBoulevard Property Ltd., invested hundreds of thousands dollars in preliminary work byarchitects and planners for a condo proposal.

Vancouver-based Cressey, no stranger to the upscale Kerrisdale neighbourhood, paid atotal of $22.14-million last year for multifamily buildings on one city block directly southof the one that it will take possession of in April. Cressey has filed an application to theCity of Vancouver to build a new project on the south site, and expects to apply this fallto construct a similar-sized retail and condo development on the north site, between West47th Avenue and West 48th Avenue.

CP has the right-of-way for the Arbutus corridor, but City of Vancouver officials havebalked at rezoning the railway’s property for residential development, opting to keep thetransportation designation. CP hasn’t used the line to transport freight since June, 2001.

“A real estate project along the corridor would be successful, but first the zoning hasto be determined,” Cressey executive vice-president Hani Lammam said.

CP reckons its land is conservatively worth $100-million, while the City of Vancouveris willing to pay $20-million – a lowball offer when compared with prices for the twoblocks sold to Cressey.

“We know this is a very valuable piece of land,” said Mark Wallace, CP’s vice-presi-dent of corporate affairs. “The true value of this corridor is huge. We think that we’rebeing very reasonable and so far, the city’s offers to buy this land from us have been wild-ly inadequate – not realistic.”

He said there are creative hybrid ideas worth exploring – the railway has proposed apilot project to build housing on a small portion of the Arbutus corridor, subject to rezon-ing. CP believes that selected real estate development could co-exist with public transitwhile setting aside space for sanctioned community gardens.

CP has offered to hand over its property for free if the city rezones several parcels andallows the railway to participate in housing development. “The city zoning is what’s real-ly blocking us,” Mr. Wallace said. “You’re talking to a wall when you talk to city hall. I’mtired of negotiating with myself.”

But Vancouver city manager Penny Ballem said CP is engaging in short-term thinkingabout real estate because civic leaders envisage a corridor strictly for streetcars carryingpassengers, possibly within 20 years. “As the city grows, you really have to work veryhard to preserve green space and transportation corridors for future citizens and genera-tions,” Ms. Ballem said.

For now, CP plans to reactivate the Arbutus line to use the tracks to store rail cars.

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provides “Peace

of Mind”

Buying a homethrough us?

Crossword puzzle

Across1 taverns (4)3 affixed (8)9 Finder of a magic lamp (7)10 World War i battleground (5)11 insect in its adult form (5)12 outcome (6)14 policy of strict law enforcement

(4,9)17 Vipers (6)19 South american beast of burden (5)22 Chambers (5)23 Fulminate (7)24 Banter (8)25 laugh at with derision (4)

Down1 agitated (2,1,5)2 large african antelope (5)4 Severe verbal reprimand (6-7)5 measureless chasm (5)6 Whaling weapon (7)7 attractive person (4)8 Deft (6)13 Figure of speech (8)15 Sequoia (7)16 Experience again (6)18 Ruhr city (5)20 put up with (5)21 Dig — larva (4)

the Solution

1 8 59

9 7 6 8

5 9 1 7

2 7 1 6

3 5 74

8 1 2 4

8 1 5 6

4 83 1

6 1 4 2

SUDOKU

163485 729

974651 238

825936 174

452873 916

396517 482

781329 645

238194 567

547268 39

619742 853

1

Fill in the grid above, so that each row

of 9 squares, each column of nine and

each section of nine (three squares by

three) contains the numbers

1 through 9 in any order. there is only

one solution for the puzzle and the

numbers shown can not be changed.

(Solution on Page 10)

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Over the last 2 years, the Golfi Team proudly helped raise over 5680 lbs of food for local food bank.

Please donate to your local food bank –it’s the neighbourly thing to do.

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CongratulationsWinners!

Congratulations Emily Bailey,

10 yrs. old, Grimsby

Congratulations Matthew Barkovich,

7 yrs. old, Stoney Creek

CongratulationsWinners!

Thank you to all the young artistswho participated in our 2015 EasterColouring Contest!

Thank you to your friends and familywho took the time to vote for you!

We look forward to receiving yourentry next year!

Congratulations Madeline Sieders 4 yrs. old, Hamilton

april 2015 issue 110

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