Burlington and Hamilton mountain hottest for real estate in the region in 2019 - Global News - Canada News Media
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Burlington and Hamilton mountain hottest for real estate in the region in 2019 – Global News



Last year was a seller’s market in the Hamilton and Burlington area.

That’s according to the Realtors Association of Hamilton-Burlington (RAHB), which reports 12,866 home sales in 2019 — up 10.1 per cent over 2018, despite new residential listings being slightly down compared to that year.

The average cost of a home was $587,745, and while that’s only a 4.9 per cent increase compared to the previous year, it’s a whopping 95.3 per cent higher than the average price a decade ago.

Housing market cools in Hamilton, Burlington in December 2019: realtors association

“The RAHB residential market has balanced out from the high activity experienced in 2016 and 2017,” said RAHB CEO Carol Ann Burrell in a release. “However, increases in average price and number of sales, paired with a decrease in new listings, indicates that 2019 favoured sellers more than in 2018.”

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The most homes in Hamilton were sold on the mountain last year — with 2,043 sales in that area — although Stoney Creek and Ancaster saw the highest jump in sales over 2018 at 16.6 per cent.

Ancaster also had the highest average home price at $772,811.

Burlington saw the most activity overall, with 3,086 sales and an average price of $755,639.

Hamilton city councillors pitch vacant home tax in hopes of freeing up supply

It was good news for those selling single-family homes, as sales of those types of properties increase across the entire region — although the highest increase happened in Hamilton.

“The clear trend for 2018 was that apartment-style and townhomes outperformed detached properties,” said RAHB President Kathy Della-Nebia in a release. “This year we see that these types of properties are still performing well; however, buyers choosing detached homes are trending upward yet again.”

Overall, the total volume of sales across the region was $7,897,509,003 — up nearly $1 billion from 2018.

© 2020 Global News, a division of Corus Entertainment Inc.

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Woman accused of luring slain real estate agent to her death – Toronto Star



MINNEAPOLIS – A woman who had worked as a probation officer is accused of luring a real estate agent to a Minnesota house before the agent was kidnapped and killed on New Year’s Eve, prosecutors alleged Friday.

Elsa Segura, 28, of Fridley, was charged Friday in Hennepin County court with one count of kidnapping. Segura is accused of luring 28-year-old Monique Baugh to a home that was for sale. Two men are accused of kidnapping Baugh in a rental truck.

Segura allegedly tried to lure Baugh to the Maple Grove home on Dec. 30, but Baugh was with another real estate agent.

Baugh was found fatally shot, her hands bound by tape, in a north Minneapolis alley on Dec. 31. Her boyfriend was shot in the couple’s Minneapolis home with their two young daughters present but survived.

Two men are accused of kidnapping Baugh from Maple Grove, a northwestern Minneapolis suburb, in a rental truck. Cedric Berry, 41, was charged earlier this month with second-degree murder, attempted second-degree murder and kidnapping. Another man, Berry Davis, 40, of Brooklyn Park was charged late Thursday with one count each of second-degree murder and kidnapping for his alleged role in the case. Davis was charged by arrest warrant and is not in custody.

The charges did not specify a motive, but search warrant affidavits tied Baugh’s killing to a suspected drug rivalry between her boyfriend and Berry. Baugh’s boyfriend said in an interview that he did not know Berry.

Segura does not have an attorney listed for her case. A phone message left for Berry’s public defender for comment was not immediately returned Friday.

Hennepin County authorities confirmed to the Star Tribune that Segura had worked as a county probation officer. Court records also show that Segura was a child survivor of the I-35W Mississippi River bridge collapse in Minneapolis in August 2007 that killed 13 people and injured 145 others.

According to the charges against Segura and Davis, Baugh received a voice mail from an unknown phone number on Dec. 29 from a woman named “Lisa” who requested a showing for a home. The caller said she wanted the showing “maybe tomorrow morning.”

Baugh later received several calls from the number and “found this very odd,” the charges said.

“She expressed to others that she did not know how this person obtained her personal phone number,” according to the complaint..

Police traced the phone number to Segura, whose voice was “verified by law enforcement personnel who were personally familiar with her.”

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A search warrant executed on the phone found that it was purchased on Dec. 29. It was not used for any other calls between Dec. 29 and Jan. 3, 2020. Video showed that Berry purchased the phone, the charges said.

Jon Collins, a spokesman for the Hennepin County Department of Corrections and Rehabilitation, said Segura worked for the county from June 2014 to Dec. 18, 2019.

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Realtor data shows Edmonton’s real estate market gaining momentum, despite slight drop in prices – Edmonton Journal



The data compiled by the Royal LePage Canadian Real Estate Market Composite found strength in two-storey, single-detached homes, and condominium apartments.

File / Postmedia

Prices for Edmonton homes saw a modest decrease in the last quarter of 2019, with some market segments actually showing price growth.

Royal LePage House Price survey data released earlier this month found the aggregate price of a home in the city fell by 0.7 per cent in the last three months of 2019, compared with the same period in 2018, rising to $379,426. Those numbers speak to a growing sense the market is stabilizing, says Tom Shearer, broker and owner of Royal LePage Noralta Real Estate in Edmonton.

“I feel we’re getting back to whatever the new normal is,” he says.

Although the city is a far cry from pre-recession market conditions, he notes buyers and sellers are adjusting to a new era of price stability.

The data compiled by the Royal LePage Canadian Real Estate Market Composite found strength in two-storey, single-detached homes, and condominium apartments, which rose by 1.2 and 0.3 per cent respectively. That translated into a median price of $435,426 for a two-storey and $230,969 for a condo.

“Condo had been beleaguered for quite some time, but over November and December prices have started to creep back up, exceeding the previous year’s figures,” Shearer says.

Shearer points to pockets of strength in the city driving the market, including downtown’s Oliver neighbourhood where a number of condominium sales occurred later in the year.

“That’s likely where that small bump up in average condo prices could be coming from.”

In contrast, the bungalow market has struggled, seeing prices fall by 5.1 per cent to $361,943, year over year for the quarter.

The year-end data bolsters the forecast by Royal LePage from last month, which predicted housing prices will increase by one per cent in 2020 to $383,200.

Shearer explains the positive momentum is a result of buyers finally getting their footing after a few of tough years for the economy and changes to lending regulations. He notes the OSFI (Office of the Superintendent of Financial Institutions) stress test was particularly impactful. It came into effect in 2018, stipulating buyers with 20 per cent down needed to qualify at the Bank of Canada benchmark, five-year fixed rate, or their contractual rate plus two per cent.

Shearer says historical sales figures for December show the impact with sales dropping in 2018 to 799 from 962 in 2017 for the Edmonton census metropolitan area. Last year, December saw 845 sales in the city.

He further adds some areas of the city are experiencing more sales activity, including in the south side off of Ellerslie Road, where new homes (built after 2005) are changing hands at a relatively brisk rate.

For the year, sales in the Anthony Henday region, which encompasses communities around Ellerslie, saw 1,440 single-family home sell, according to Realtors of Edmonton Association data.

That is an increase from 2018 (1,356) and 2017 (1,312). Sales were up year to date for December in the northwest and north central, too, but modestly so, while single-family detached homes sales were down in other regions from past years.

He further notes activity in new neighbourhoods is also driving the market because builders “are more competitive than they ever have been.”

Overall, Shearer says the data shows the market is moving toward balance. Just don’t expect boom conditions to return anytime soon.

“But that’s OK because what you really want is steady, gradual increases, and I think that’s we’re going.”

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RioCan Real Estate Investment Trust (TSE:REI.UN) Insiders Have Been Selling – Simply Wall St



We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So before you buy or sell RioCan Real Estate Investment Trust (TSE:REI.UN), you may well want to know whether insiders have been buying or selling.

What Is Insider Buying?

It’s quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, rules govern insider transactions, and certain disclosures are required.

Insider transactions are not the most important thing when it comes to long-term investing. But equally, we would consider it foolish to ignore insider transactions altogether. For example, a Harvard University study found that ‘insider purchases earn abnormal returns of more than 6% per year.

See our latest analysis for RioCan Real Estate Investment Trust

The Last 12 Months Of Insider Transactions At RioCan Real Estate Investment Trust

The insider, John Ballantyne, made the biggest insider sale in the last 12 months. That single transaction was for CA$1.1m worth of shares at a price of CA$26.90 each. So it’s clear an insider wanted to take some cash off the table, even slightly below the current price of CA$27.34. As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. However, while insider selling is sometimes discouraging, it’s only a weak signal. This single sale was just 49% of John Ballantyne’s stake.

Over the last year, we can see that insiders have bought 15.35k shares worth CA$402k. On the other hand they divested 42620 shares, for CA$1.1m. All up, insiders sold more shares in RioCan Real Estate Investment Trust than they bought, over the last year. The chart below shows insider transactions (by individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

TSX:REI.UN Recent Insider Trading, January 17th 2020

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does RioCan Real Estate Investment Trust Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that RioCan Real Estate Investment Trust insiders own 0.3% of the company, worth about CA$26m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At RioCan Real Estate Investment Trust Tell Us?

It doesn’t really mean much that no insider has traded RioCan Real Estate Investment Trust shares in the last quarter. Still, the insider transactions at RioCan Real Estate Investment Trust in the last 12 months are not very heartening. But we do like the fact that insiders own a fair chunk of the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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