Sales, Price, Listings All up from Last Year (in Burlington)

(March 5, 2010 – Hamilton, Ontario) The Greater Hamilton-Burlington area resale market reported a total of 1114 units sold in February, an increase of 50 per cent over February of last year, according to the Multiple Listing Services® (MLS®) statistics released by the REALTORS® Association of Hamilton-Burlington (RAHB) The total unit sales, when compared to January of this year, were 50 per cent higher in February, 2010. “It is no surprise that our numbers have all increased from last year at this time,” said Joe Ferrante, RAHB President, “given there was so much uncertainty in the market in early 2009. It’s obvious that both buyers and sellers are showing confidence that the economy is recovering.” Residential properties sold during February totalled 1067 which included 866 freehold properties and 201 condominiums. Commercial sales for February, including industrial, farm, vacant land and business, totalled 47 units. The average price of freehold residential properties sold in the month of February was $331,523, an increase of 18.6 per cent over the same month last year and an increase of 9.4 per cent over last month. In the condominium market, the average price of condominiums in February was $241,987, an increase of 20.7 per cent over February, 2009 and an increase of five per cent over last month. The average sale price reflects the dollar volume of residential sales divided by the number of total residential units sold. February’s total average residential sales price increased 18.2 per cent over the same month in 2009. The total number of units listed for sale during February was 1751, which is 24 per cent higher than were listed in the same month in 2009. “We anticipate that the spring market will be strong,” added Ferrante, “as buyers and sellers look to make their home purchases and sales before the HST kicks in and increases the taxes they will pay on the services attached to the home buying process.”,br> Unit sales reflect “all property types” including residential, condominiums, commercial property, farmland and sales of businesses.

There are some amazing numbers in this hot residential resale market. If you are considering selling or buying and would like to discuss the local market conditions, please contact me at 905-330-1241 or rdavison@trebnet.com . All the Best! Ryan.

The February 2010 Real Estate Market was Golden! (Oakville & Milton)

(March 2010 – Oakville – Milton, Ontario) For the month of February 2010, The Oakville, Milton and District Real Estate Board *total sales transactions were 786, an increase of 45 per cent over February 2009. Sales have shot up sharply in the last two months, confirming an increasingly strong market. This is verified by looking at February sales from years past, compared to 2008 they are 14 per cent ahead and 47 per cent ahead when compared to those in February 2007. The total value of sales processed through the Board MLS® System also demonstrates a consistent increase. The Oakville, Milton and area resale market reported a **total dollar volume of sales for the February 2010 of 115 per cent higher than 2009 and 127 per cent year to date, according to Multiple Listing Service® (MLS®) statistics released by The Oakville, Milton and District Real Estate Board.

“Our market is very healthy and sustained low interest rates have made it a great time for buyers and sellers. I anticipate an even stronger market for the up-coming Spring,” states Oakville, Milton and District Real Estate Board President Jeff Mahannah. “Even with the government changes to the mortgages rules of limiting buyers to a mortgage of 35 years and requiring a minimum of five per cent down payment, I predict that we are going to see records set for real estate sales and prices this year.”

Residential resales in Oakville for February 2010 are up by 85 per cent over February 2009 with an average price of $586,031 and a median price of $498,000 representing a 32 per cent and 31 per cent increase respectively over the same month last year. The luxury market is very healthy in Oakville, recording 22 sales over a $1,000,000 in February 2010, compared to 4 in February 2009.

Milton’s sales were up by 67 per cent and the average sale price was $381,134, an increase of 23 per cent when compared to February 2009.

Year to date residential sales in Milton show a 72 per cent increase when compared to 2009 and Oakville demonstrates a very healthy 101 per cent increase.

Also notable are the Days on the Market Activity for both Milton and Oakville. For Milton in February buyers had to move quickly and make decisions fast as the average time period was 13 days. Oakville also had a very short time period of 25 days, indicating we are in a seller’s market. Consumers should note that the comparisons to 2009 to 2010 will continue to be extreme through to the beginning of the second quarter due to the low sales activity during that period in 2009.

*The total sales are comprised of all sales by OMDREB Members, regardless of jurisdiction.
**Total dollar volume of sales reflects “all property types” including residential, condominiums,
commercial property, farmland and sale of businesses.

Source: The Oakville, Milton and District Real Estate Board

These are some exciting sales figures. If I can be of assistance with any of your Real Estate needs please do not hesitate to contact me at 905-330-1241 or rdavison@trebnet.com .

Save the Pineland English Program…It’s Saved!

Elizabeth Gardens truly is a fantastic neighbourhood to live and raise a family in. I am biased of course, as I live and work in Elizabeth Gardens. However, any sceptics need only look to the front lawns of vocal residents for evidence of their community involvement. Signs reading “Save the Pineland English Program” have caught the eye of many a motorist.

In mid-December it was announced to Pineland parents that due to declining enrolments in Grades 1-6 English programs at Pineland Public School, the Halton District School Board was considering a Program Review. JK – 5 English stream students attending Pineland and future JK registrants for the 2010-2011 school year would have been impacted.

Some Background Information:

– 85% of SK students attend Grade 1 French Immersion at Pineland while only 10% go into the English Program for Grade 1. In 2009, there were no Grade 1 students in the English Program.

– In order to maintain funding teachers need to have a 20: 1 Students to Teacher ratio in the classrooms. Dwindling English program attendance could have resulted in triple and quadruple grade classes in order to maintain the 20:1 ratio. This would create educational, social and financial challenges.

– The staff recommendation was to make Pineland Public School the French Immersion Centre for Grade 1-8 students. JK-Grade 6 English Program students in the Pineland catchment area were to be sent to Mohawk Gardens. Pineland would also remain the receiving school for Grade 7-8 English students returning from Mowhawk Gardens.

These suggestions were not received well by the parents in the Pineland catchment area. As a result of the efforts of the Pineland parents the following has transpired:

1. JK – SK – Grade 6 English program remains at Pineland.

2. Grade 1- 6 English classes will be staffed for blended classes (not triple graded)

3. Pineland will be open to optional attendance for Grades 1- 6 English programs as per Board policy for September 2010.

4. Students accepted into Pineland for optional attendance will be allowed to complete their English program pathway at Pineland.

5. Pineland will continue to offer Grade 1-8 French Immersion.

6. Pineland will continue to be the receiving school for Grade 7 – 8 English students from Mohawk Gardens.

7. If optional attendance does not generate sufficient English program enrolment over the 2010 – 2011 school year, effective September 2011, students choosing English program for Grade One would be directed to Mohawk Gardens for their English program. Students currently in
the English program could complete their English program pathway at Pineland

Note: The final decision from staff does not require approval by the Board of Trustees.

It is great to live and work in such an involved community. Great job everyone!