David Ranisav, Sales Representative

Hamilton Homes are Currently Selling at 105% to Asking Price!

Hamilton is in an extremely strong Seller’s Market. So, what is a Seller’s Market? This is a housing market where:

• Sellers have the advantage over buyers.
• There are more buyers than homes available for sale.
• Homes sell quickly and in some cases days.
• Prices tend to increase.
• Multiple offer transactions.
• Negotiations favour the seller.

Canada housing market has cooled a bit but Vancouver, Toronto and Hamilton are still growing strong. Hamilton is one of the hottest housing markets in Canada where home prices will continue to rise, supply tighten and demand remain at it's current level. For more information email, me at [email protected] or text/call me at 905-745-5544.

The Hot Hamilton Housing Market?

CHMC has forecasted that Hamilton will experience another 2 years of record sales. Canada is currently in a modest Seller’s Market with a Sales-to-New Listing Ratio of 69%. Last year Hamilton finished at a ratio of 83% which is considered to be a hot Seller’s Market. Year-to- date, Hamilton is sitting at an incredible and extremely hot Seller’s Market of 92% which is a strong indication that this forecast will and is happening.

2016 Hamilton’s housing demand outpaced supply that resulted in very strong increases for the average price of a home.

City of Hamilton………$56,000
West Hamilton………..$45,000
Hamilton Mountain…...$66,000
Hamilton Centre………$50,000
Hamilton East…………$64,000.

For 2017, Hamilton is only 3 months into the year and the average price of a home has gone up $24,500. The large increase of sales and decline in supply, multiple offer sales, strong local demand and the spill over effect of GTA buyers will keep fueling Hamilton’s price increases.

Stayed tune or contact me at [email protected] for more information.

David Ranisav
Sales Representative
Royal LePage Macro Realty
905-574-3038

Feb 2017 Average Prices of Homes in Hamilton and Surrounding Areas

Could the Canadian Housing Market Withstand Economic and Natural Disasters?

In 2016, the Canadian Mortgage Housing Corporation tested its mortgage loan insurance and businesses against several extreme scenarios. This rigorous stress testing is an essential part of our risk management program that allows CMHC to evaluate its capital levels against these scenarios.

CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need and offers objective housing research and information to Canadian governments, consumers and the housing industry

Stress Test Scenarios included:
• Severe and prolonged global economic deflation.
• Sustained oil price shock of $20US per barrel over 5 years.
• Earthquakes that disrupts infrastructure and services.
• Sudden increase in interest rates causing severe drop in
Canadian house prices & failure of our financial institution.
• 5% increase in unemployment with a 30% decline in house
prices.

The results of this year’s stress test confirm that CMHC’s capital holdings are sufficient for even the most extreme scenarios and that it could weather the storm.

If you have any questions regarding this or any other related real estate questions, please email me at [email protected] or visit my website at davidranisav.com