Real eState

Hamilton real estate: Flamborough's average home prices soar in October. What else sold? – TheSpec.com

Published

4 years ago

November 10, 2020

Residential properties in Flamborough and Burlington were among the highest-priced sales in the area in October, and also the lowest, says the Realtors Association of Hamilton-Burlington.

The three most expensive homes sold in the RAHB market area — which includes Hamilton, Burlington, Haldimand and parts of Niagara West — last month were in Flamborough, Burlington and Ancaster, and ranged from $2.7 million to $2.8 million.

RAHB president Kathy Della-Nebbia says all three areas have seen an increase to the average sale price over the past year, but Flamborough’s gains have been most significant.

“Flamborough’s average price in October was $1,106,337, which is up 48.3 per cent from last year,” she said, noting the whole region has seen steady traffic from people coming from elsewhere, thanks to an increase in remote working. “The pandemic has also highlighted the value of space within and outside a property, and we are seeing this reflected in the types of properties that are in demand, namely single-family detached (homes).”

The three least expensive October sales were two properties in Flamborough and one in Burlington.

“The two properties in Flamborough are … more than likely modular properties within a lease land community,” she said. “The bottom sale in Burlington is an apartment-style property that is most likely a co-operative ownership.”

Here’s a look at two houses that sold in Hamilton in October.

This mid-century home was designed by Toronto architect Jerome Markson and built around 1957.

Kirkendall South: $2 million

Address: 125 Amelia St.

Nearest main intersection: Aberdeen Avenue and Queen Street South

Asking price: $2,249,900

Selling price: $2,000,000

House size: 2,902 square feet

Lot size: 16,258 square feet

Taxes: $12,646.82 in 2020

Bedrooms: 4

Bathrooms: 4

Sold: Oct. 23

Closes: Jan. 22

Main Floor: Living room/dining room, living room, kitchen, primary bedroom, ensuite bathroom

The upstairs bedrooms include built-in drawers and desks.

Basement: Recreation room, games room, office, laundry room, storage room, bathroom

Second floor: Three bedrooms, two bathrooms

Listing agent: Drew Woolcott, Re/Max Escarpment Woolcott Realty

This home is on a deep lot at the end of the cul-de-sac, backing onto the Bruce Trail.

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This mid-century home was designed by Toronto architect Jerome Markson and built around 1957. It’s on a deep lot at the end of the cul-de-sac, backing onto the Bruce Trail. The kitchen has quartz counters and the living room has a vaulted cedar-strip ceiling and floor-to-ceiling windows. The upstairs bedrooms include built-in drawers and desks.

According to the realtor, this $2-million sale is both the highest sale price within the last year in the former city of Hamilton, but also the highest sale price ever in Kirkendall.

This North End home is 1,244 square feet with a lot size of 3,498 square feet.

North End: $390,000

Address: 449 Mary St.

Nearest main intersection: Burlington Street East and Wellington Street North

Asking price: $299,999

Selling price: $390,000

House size: 1,244 square feet

Lot size: 3,498 square feet

Taxes: $2,508 in 2020

Bedrooms: 3

Bathrooms: 2

Sold: Oct. 24

Closes: Nov. 19

Main Floor: Kitchen, living room, two bedrooms, bathroom

Basement: Bathroom, storage, utility room

Second floor: Bedroom

Listing agents: Reisha Dass, Re/Max Real Estate Centre

This North End home sold for $390,000 on Oct. 24.

The sellers of this home bought it in 1972, says realtor Reisha Dass. Their sons are now adults; their mother sold the home to move in with one of her sons, says Dass.

The home has dated fixtures but is on a good-sized lot close to the waterfront and downtown. “Here’s an affordable opportunity for those looking for a lighter venture,” said the listing, targeting investors, renovators and flippers.

This home was bought it in 1972, says realtor Reisha Dass.

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Real eState

Homelessness: Tiny home village to open next week in Halifax suburb

Published

2 weeks ago

October 24, 2024

Anne Joseph

HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

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Real eState

Here are some facts about British Columbia’s housing market

Published

3 weeks ago

October 17, 2024

Anne Joseph

Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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B.C. voters face atmospheric river with heavy rain, high winds on election day

Published

3 weeks ago

October 17, 2024

Anne Joseph

VANCOUVER – Voters along the south coast of British Columbia who have not cast their ballots yet will have to contend with heavy rain and high winds from an incoming atmospheric river weather system on election day.

Environment Canada says the weather system will bring prolonged heavy rain to Metro Vancouver, the Sunshine Coast, Fraser Valley, Howe Sound, Whistler and Vancouver Island starting Friday.

The agency says strong winds with gusts up to 80 kilometres an hour will also develop on Saturday — the day thousands are expected to go to the polls across B.C. — in parts of Vancouver Island and Metro Vancouver.

Wednesday was the last day for advance voting, which started on Oct. 10.

More than 180,000 voters cast their votes Wednesday — the most ever on an advance voting day in B.C., beating the record set just days earlier on Oct. 10 of more than 170,000 votes.

Environment Canada says voters in the area of the atmospheric river can expect around 70 millimetres of precipitation generally and up to 100 millimetres along the coastal mountains, while parts of Vancouver Island could see as much as 200 millimetres of rainfall for the weekend.

An atmospheric river system in November 2021 created severe flooding and landslides that at one point severed most rail links between Vancouver’s port and the rest of Canada while inundating communities in the Fraser Valley and B.C. Interior.

This report by The Canadian Press was first published Oct. 17, 2024.

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