Strong sales continue in October

November 5, 2015 By Rick David Leave a Comment

(November 5, 2015 – Hamilton, Ontario) The REALTORS^® Association of Hamilton-Burlington (RAHB) reported 1,421 sales were processed through the RAHB Multiple Listing Service^® (MLS^®) System in October. Sales were 13 per cent higher than the same month last year, 25.8 per cent higher than the 10-year average, and were a record for the month of October. This is the third month in a row where records for monthly sales have been broken.

There were 1,811 properties listed in October, a decrease of 1.4 per cent compared to October of last year.

“The Fall real estate market just keeps going in our area,” said RAHB CEO George O’Neill. “October is often a good month for sales, but it’s not usually this good.”

Seasonally adjusted* sales of residential properties were 18.9 per cent higher than the same month of the previous year, with the average sale price up 6.8 per cent for the month. Seasonally adjusted numbers of new listings were 1.7 per cent higher than the same month the year prior.

Seasonally adjusted data for residential properties for the month of October, 2015:

Actual overall residential sales of 1,363 units were 12.9 per cent higher than the same month last year. Residential freehold sales were 12.6 per cent higher than last October while sales in the condominium market increased by 14.3 per cent.

The average price of freehold properties showed an increase of 9.3 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 5.7 per cent when compared to the same period.

The average sale price is based on the total dollar volume of all properties sold by RAHB members. Average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value.

“Listing inventory is still down across the board,” noted O’Neill. “Our sales-to-listings ratio is still firmly in the seller’s market range in the residential market. Inventory in the condominium market is particularly tight, with only a month and half’s inventory left.”

The average days on market decreased from 41 to 35 days in the freehold market and from 38 to 35 days in the condominium market when compared to the same month the previous year.

Year to date, sales are 11.3 per cent higher compared to the same period last year; listings are 6.2 per cent higher than last year and the average sale price is 8.4 per cent higher for the period.

Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

Source –

Strong sales continue in October

RAHB Appoints New CEO

August 6, 2015 By Rick David Leave a Comment

(August 6, 2015 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) is pleased to announce the appointment of George O’Neill to the position of CEO.

George comes to RAHB after serving as Managing Partner and Broker of Record of O’Neill Advisors Inc. in Toronto. Having an avid interest in the role of social media in marketing, George successfully lobbied the Real Estate Council of Ontario (RECO) on the importance of social media, and wrote the Social Media Marketing Course for Real Estate as a continuing education credit course. He delivered the course to members of organized real estate across the province of Ontario. He also organized and chaired annual conferences on real estate marketing and founded the Real Estate Marketing Toronto (reMarkTO) group for information sharing on marketing topics.

George was also previously Vice President, Advisory Services with PricewaterhouseCoopers, where among other responsibilities, he advised Boards of Directors and senior management teams on effective corporate governance structures and policies. He also served as Senior Manager, Strategy and Operations Management Consulting with Deloitte Consulting, and as Director of IT Client Services and Mergers and Acquisitions with HydroOne.

George holds a Certified Business Intermediary (CBI) designation with the International Business Brokers Association, an MBA and M.Sc. in Mechanical Engineering.

George is married and has two daughters.

George will join the association effective August 24, 2015. Current RAHB CEO Ross Godsoe will be retiring from RAHB on August 31 after serving the association since 2001.

Originally posted here:

RAHB Appoints New CEO

Seller’s Market Just Keeps on Going …

August 6, 2015 By Rick David Leave a Comment

(August 6, 2015 – Hamilton, Ontario) The REALTORS^® Association of Hamilton-Burlington (RAHB) reported 1624 sales processed through the RAHB Multiple Listing Service® (MLS®) System in July. While this was no record-breaking month, sales were still 4.4 per cent higher than the same month last year and 27.1 per cent higher than the historical 10-year average.

There were 1,968 properties listed in July, a decrease of just under one per cent compared to the same month the year prior. The lower number of listings plus the increase in sales left the end-of-month listing inventory 13.7 per cent lower than last July.

“It’s still all about lack of inventory,” said RAHB CEO Ross Godsoe. “After three record-breaking months in a row, there is just over two months of listing inventory – a sure indicator of a continued seller’s market.”

Seasonally adjusted* sales of residential properties were 5.9 per cent higher than the same month of the previous year, with the average sale price up 5.7 per cent for the month. Seasonally adjusted numbers of new listings were six per cent higher than the same month the year prior.

Seasonally adjusted data for residential properties for the month of July, 2015:

Actual overall residential sales of 1564 units were 4.8 per cent higher than the previous year at the same time. Residential freehold sales were 6.4 per cent higher than last July while sales in the condominium market decreased by 1.7 per cent.

“The sustained seller’s market is particularly evident in the condominium market,” added Godsoe. “Sales may have been down compared to last year, but so were new listings. There isn’t even a month and a half of inventory in the condo market, and the sales-to-new-listing ratio is an astounding 96 per cent in that sector.”

The average price of freehold properties showed an increase of 4.9 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 7.7 per cent when compared to the same period.

The average sale price is based on the total dollar volume of all properties sold in the RAHB market area. Average sale price information can be useful in establishing long term trends, but should not be used as an indicator that specific properties have increased or decreased in value.

The average days on market decreased from 36 to 33 days in the freehold market and from 39 to 30 days in the condominium market when compared to the same month the previous year.

Year to date, sales are 12.2 per cent higher compared to the same period last year; listings are six per cent higher than last year and the average sale price is 7.8 per cent higher for the period.

Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

Originally from:

Seller’s Market Just Keeps on Going …

Record Sales – Again

July 7, 2015 By Rick David Leave a Comment

(July 6, 2015 – Hamilton, Ontario) For the third month in a row, the REALTORS^® Association of Hamilton-Burlington (RAHB) reported record breaking sales in the Greater Hamilton, Burlington and outlying areas. June’s 2062 property sales processed through the RAHB Multiple Listing Service^® (MLS^®) system smashed the record of 1810 sales set just last month.

June sales were 31.2 per cent higher compared to June of last year, and a whopping 43 per cent above the historical average for the month.

There were 2,526 properties listed in June, an increase of 12.9 per cent compared to the same month the year prior. However, the increase in sales left the end-of-month listing inventory 12.2 per cent lower than last June.

“The real estate market exploded in June,” said RAHB CEO Ross Godsoe. “To break the old record – set just last month – by that much and for the second month in a row, shows just how active it was. We saw more areas throughout Hamilton in particular where homes sold at or above list price as an average – not just in isolated cases.”

Seasonally adjusted* sales of residential properties were 22.3 per cent higher than the same month of the previous year, with the average sale price up 9.5 per cent for the month. Seasonally adjusted numbers of new listings were 6.5 per cent higher than the same month the year prior.

Seasonally adjusted data for residential properties for the month of June, 2015:

Actual overall residential sales of 1,985 units were 30.2 per cent higher than the previous year at the same time and also a new record for residential sales. Residential freehold sales were 29.6 per cent higher than last June while sales in the condominium market saw an increase of 32.4 per cent.

“Inventory is extremely low,” added Godsoe. “We are deep into a sellers’ market right now. The two main indicators are the sales-to-listing ratio, which is high at almost 85 per cent in the residential market, and months of inventory. Right now we have less than two months inventory. That is extremely low when you consider that a balanced market has five to eight months of inventory.”

The average price of freehold properties showed an increase of 10.4 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 8.2 per cent when compared to the same period.

The average days on market decreased from 35 to 29 days in the freehold market and from 37 to 30 days in the condominium market when compared to the same month the previous year.

Year to date, sales are 14 per cent higher compared to the same period last year; listings are 7.1 per cent higher than last year and the average sale price is 8.4 per cent higher for the period.

Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

From:

Record Sales – Again

Chamber of Commerce Advertising

May 11, 2015 By Rick David Leave a Comment

By Martin and Sean Simons, Partners
Wenex Technologies

Chamber of Commerce advertising and sponsorship continues to be one of the most used methods of promoting a company and their brands to other member businesses as well as the community. Whether businesses seek to build identities, generate leads, or spotlight business initiatives, Chambers help carry your message to member companies that represent many employees in their local business community.

Almost every Chamber event and program has sponsorship opportunities that fit various budgets designed to provide maximum exposure for your company. In addition, the Chamber also offers numerous cost effective advertising opportunities that allow you to send your marketing message directly to potential new customers including:

Placing a display ad in the Chamber print and electronic newsletters.
Running a banner ad on the Chamber website.
Creating a Member-to-Member coupon on the Chamber website.
Enhancing your business listing in the Chamber’s Online and print Business Directory.

The Stoney Creek Chamber offers any number of ways to get your message out to its growing membership base and the business community throughout Stoney Creek and Hamilton area.

The Chamber Difference

Chamber of commerce websites are frequently sought out when potential customers are looking for products and services in a local area. In fact, a 2007 study (by the Schapiro group) showed that when potential customers know that a small business is a member of the chamber of commerce, they are 44% more likely to think favorably of it, and 63% are more likely to purchase goods or services from the company in the future. Chamber credibility is important and it positively enhances click through rates.
Chamber websites are best positioned to deliver the most cost effective targeted and qualified traffic because of brand name advantage and the collective power of member content. Online users tend seek this content more often than not.
Advertising plays an important role in a company’s overall marketing campaign and is effective in building brand awareness, gaining new clients and increasing overall visibility for a company.
The Chamber provides a number of effective, affordable online and print advertising opportunities targeting business decision-makers, consumers, tourists and other important audiences to ensure your marketing message always reaches its intended destination.
Since advertising is generally open to members only, the Chamber offers a variety of different opportunities that help get your business noticed within the Chamber community.

Companies that want to be recognized for being industry leaders and community partners welcome the benefits of association with important business events. If your company needs to have name recognition with high level professionals, executives, managers and other influential business decision-makers, then Chamber events and programs may be just the answer.

Link –

Chamber of Commerce Advertising

New Record for Sales

May 6, 2015 By Rick David Leave a Comment

(May 5, 2015 – Hamilton, Ontario) The REALTORS^® Association of Hamilton-Burlington (RAHB) reported a record 1,699 property sales processed through the RAHB Multiple Listing Service^® (MLS^®) system in April. This represents a 15.7 per cent increase in sales compared to April of last year, and smashes the old record of 1,660 all property sales set in May of 2014.

There were 2,379 properties listed in April, an increase of 15.7 per cent compared to the same month the year prior. End-of-month listing inventory was 8.7 per cent lower than last April.

“The Greater Hamilton-Burlington real estate market has never seen this kind of activity,” said RAHB CEO Ross Godsoe. “There are a number of areas in Hamilton, Burlington and even outlying communities where, on average, properties are being sold for full list price or higher. It’s rare to see that kind activity as an average for an area.”

Seasonally adjusted* sales of residential properties were 13.8 per cent higher than the same month of the previous year, with the average sale price up 7.9 per cent for the month. Seasonally adjusted numbers of new listings were 4.3 per cent higher than the same month the year prior.

Seasonally adjusted data for residential properties for the month of April, 2015:

Actual overall residential sales of 1,642 units were 15.3 per cent higher than the previous year at the same time and also a new record for residential sales. Residential freehold sales were 15.7 per cent higher than last April while sales in the condominium market saw an increase of 13.6 per cent.

“Listings and sales in the residential market are well over average for the month,” added Godsoe. “Despite the increase in listings, end of month inventory is still considered low, at just over two months of inventory. That, coupled with a high sales to listing ratio, confirms we are still firmly in a seller’s market.”

The average price of freehold properties showed an increase of 7.6 per cent compared to the same month the previous year; the average sale price in the condominium market increased by 9.7 per cent when compared to the same period.

The average days on market decreased from 34 to 27 days in the freehold market and from 35 to 33 days in the condominium market when compared to the same month the previous year.

Year to date, sales are 9.7 per cent higher compared to the same quarter last year; listings are 5.6 per cent higher than last year and the average sale price is 8.5 per cent higher for the period.

Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

Excerpt from –

New Record for Sales

Spring Market Blossoming

April 2, 2015 By Rick David Leave a Comment

(April 2, 2015 – Hamilton, Ontario) The REALTORS^® Association of Hamilton-Burlington (RAHB) reported 1397 property sales processed through the RAHB Multiple Listing Service^® (MLS^®) system in March. This represents a 10.9 per cent increase in sales compared to March of last year.

There were 2170 properties listed in February, an increase of 14.2 per cent compared to the same month the year prior. End-of-month listing inventory was 7.7 per cent lower than last March.

“The spring market is definitely upon us,” said RAHB CEO Ross Godsoe. “In March we saw increases in listings and sales over last year, as well as in comparison to the average for the last ten years.”

Seasonally adjusted* sales of residential properties were 10.9 per cent higher than the same month of the previous year, with the average sale price up 9.6 per cent for the month. Seasonally adjusted numbers of new listings were 1.9 per cent higher than the same month the year prior.

Seasonally adjusted data for residential properties for the month of March, 2015:

Actual overall residential sales were 11.1 per cent higher than the previous year at the same time. Residential freehold sales were 11.9 per cent higher than last March while sales in the condominium market saw an increase of eight per cent.

“It’s still a tight market in the Greater Hamilton-Burlington market,” added Godsoe. “While we saw more listings come on the market in March, we still have a relatively low inventory of listings. The seller’s market continues in our area.”

The average days on market decreased from 37 to 34 days in the freehold market and from 39 to 34 days in the condominium market when compared to the same month the previous year.

Year to date, sales are 6.8 per cent higher compared to the same quarter last year; listings are 5.8 per cent higher than last year and the average sale price is 9.2 per cent higher for the period.

Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

See the article here:

Spring Market Blossoming

Strong December Market

January 7, 2015 By Rick David Leave a Comment

(January 6, 2015 – Hamilton, Ontario) The REALTORS^® Association of Hamilton-Burlington (RAHB) reported 796 property sales processed through the RAHB Multiple Listing Service^® (MLS^®) system in December. This represents a 7.6 per cent increase in sales compared to December of the previous year.

There were 695 properties listed in December, an increase of 15.4 per cent compared to the same month the year prior. End-of-month listing inventory was 13 per cent lower.

“We saw a very strong real estate market in December,” said RAHB President Donna Bacher. “Listings and sales were both above average for the month; we haven’t seen a December market like this since 2009.”

Seasonally adjusted* sales of residential properties were 4.4 per cent higher than the same month of the previous year, with the average sale price up 4.5 per cent for the month. Seasonally adjusted numbers of new listings were 11.3 per cent higher than the same month the year prior.

Seasonally adjusted data for residential properties for the month of December, 2014:

Actual overall residential sales were 8.2 per cent higher than the previous year at the same time. Residential freehold sales were 9.8 per cent higher while sales in the condominium market saw an increase of 2.1 per cent.

“With more properties selling than were listed in December, we may be in for an interesting January,” added Bacher. “Statistically speaking, we’ve now sold some of the listing inventory, leaving us with considerably fewer listings going into the new year. The low inventory and December’s strong sales mean we remain in a seller’s market.”

The average price of freehold properties showed an increase of 5.4 per cent compared to the same month the previous year; the average sale price in the condominium market decreased by 2.2 per cent when compared to the same period.

The average days on the market decreased from 51 to 45 days in the freehold market and increased from 47 to 53 days in the condominium market when compared to the same month the previous year.

Every community in RAHB’s market area has its own localized residential market. Please refer to the accompanying chart for residential market activity in select areas in RAHB’s jurisdiction.

*Seasonal adjustment removes normal seasonal variations, enabling analysis of monthly changes and fundamental trends in the data.

Continued:

Strong December Market

Tina Depko-Denver joins Mayor’s Office as communications assistant

December 16, 2014 By Leave a Comment

Tina Depko-Denver joins Mayor’s Office as communications assistant

Burlington, Ont.—Dec. 16, 2014— Burlington Mayor Rick Goldring has announced that award-winning Burlington Post reporter Tina Depko-Denver will join the mayor’s office as a communications assistant beginning Jan. 5.

“It is my pleasure to welcome Tina to the mayor’s office and to the City of Burlington,” said Mayor Goldring. “Tina is an award-winning journalist with more than 12 years of experience. She is a professional writer, active in the community and committed to Burlington.”

Depko-Denver was named reporter of the year for 2011 by the Ontario Community Newspapers Association. She has a Bachelor of Journalism from Carleton University and a Master of Arts from McMaster University.

– 30 –

Communications contact:
Donna Kell
Manager, Communications
905-335-7600, ext. 7841
donna.kell@burlington.ca

Media contact:
Mayor Rick Goldring
905-335-7600, ext. 7607
rick.goldring@burlington.ca

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This article:

Tina Depko-Denver joins Mayor’s Office as communications assistant

Strong sales continue in October

Seller’s Market Just Keeps on Going …

Record Sales – Again

Chamber of Commerce Advertising

New Record for Sales

Spring Market Blossoming

Strong December Market

Tina Depko-Denver joins Mayor’s Office as communications assistant

Tina Depko-Denver joins Mayor’s Office as communications assistant

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