HAMILTON REAL ESTATE MARKET UPDATE

Please don't hesitate to reach out for detailed stats that are specific to your neighbourhood, or even if you're just curious about what the house down the street sold for – it'd be great to hear from you!

HAPPY VALENTINE'S DAY!! FEB 14, 2023

127 OLIVE ST- GRIMSBY

https://www.realtor.ca/real-estate/25247187/127-olive-street-grimsby

SPACIOUS LAKEVIEW HOME … STEPS TO THE LAKE! 4 + 1 Bedroom, 2.5 Bath (Additional 3 Pc Rough-in in the Basement), Over 3500 sq ft of Finished Living Space, Sitting on a Mature 63' x 123’ Lot. Main Level Features a Spacious Open Concept Design, Hardwood Floors, Gas Fireplace, Separate Formal Dining Room and Large Den / Home Office. The 2nd Floor has 4 Large Bedrooms with Beautiful Ensuite in the Primary. The Partially Finished Basement Offers an Escape from the Rest of the Home with Games Room, Rec Room, Home Office and Workshop. Walk Out to the Gorgeous, Fully Fenced and Landscaped Backyard and Take a Dip in the Heated Inground Pool!!! Conveniently Located Steps from Lake Ontario, Neighbourhood Parks, Schools, Marina, Beach & Only Minutes to GO Transit Station, the QEW Highway and All Major Amenities!!! Call Us for Your Private Viewing... It will be "Your Best Move"!!!!!

91 BEACH BLVD-HAMILTON

https://www.realtor.ca/real-estate/25262325/91-beach-boulevard-hamilton

LAKEFRONT/BEACHFRONT PROPERTY!!! This is Your Rare Chance to Own Beachfront Property (42 ft X 148 ft) Located in the Extremely Popular and Up & Coming Hamilton Beach Neighbourhood. You May Choose to Fix Up this 2 Bedroom Bungalow (with Bungaloft Possibilities) or Build Your Dream Home with Stunning Sunrise and Sunset Views and the Sounds of Rolling Waves as You Sit Out on Your Back Deck or Patio. Walk Out Your Back Gate and Directly Access 11 kms of Hamilton/Burlingtons Confederation Provincial Park Waterfront Trail and the Beaches of Lake Ontario Where the Recreational Possibilities are Endless; Paddle Boarding, Swimming, Kayaking, Boating, Rollerblading, Cycling, Hiking, or a Leisurely Walk Along Your Waterfront Path. Other Features Include: Quick Access to QEW Niagara/Toronto, Minutes to Red Hill Parkway, New Confederation GO station (4km), Restaurants, Shopping, and Much More!! Book Your Appointment to View this Rare Property Before its Too Late!

1004-40 HARRISFORD ST.

https://www.realtor.ca/real-estate/25151684/40-harrisford-street-unit-1004-hamilton

Attention Investors and 1st Time Home Buyers! Don't Miss Out on the Opportunity to Own this Spacious 2 Bedroom, 2 Bathroom Condominium Unit with Incredible Views from the 10th Floor Balcony and the Numerous Building Amenities Which Include; Indoor Pool, Sauna, Exercise Room, Games Room, Underground Parking and Locker. Features Include; New Laminate Floors Throughout, New Carpeting in Both Bedrooms. Conveniently Located Steps From; The Redhill Valley Parkway, Public Transit, Schools, Shopping, Golf Courses, Hiking / Nature Trails and Much More!! Schedule a Private Showing Today!!!

1005-141 CATHARINE ST.

https://www.realtor.ca/real-estate/25044765/141-catharine-street-s-unit-1005-hamilton


Experience Simple living in this 557 sq. ft. Condo Located in the Corktown District of Downtown Hamilton. This Property is Steps to the GO station, Transit Routes, Trails, Parks, and the Food & Art Scene on James Street and Augusta Street. Features Include; Fitness Room, Sauna, Rooftop Terrace & Ground Level Outdoor Entertainment BBQ Area. Enjoy the Gorgeous South-East Views of the Escarpment from the Balcony, This is a Perfect Opportunity for First Time Home Buyers or Down Sizers. This Condo also Includes 1 Outdoor Parking Spot #6, Book Your Viewing Today. RSA.

303 CARSON DRIVE-HAMILTON

https://www.realtor.ca/real-estate/25206936/303-carson-drive-hamilton

This Home Checks all the Boxes! Conveniently Located in a Prime East Hamilton Mountain Location on a Mature Street Close to Picturesque Views this Raised Bungalow / Ranch is Only Steps from Schools, Shopping, Hiking Trails and Minutes from the LINC and Red Hill Expressways. The Upper Level is Flooded with Tons of Natural Light Illuminating the Spacious Open Concept Floor Plan. The Breakfast Bar with Granite Countertop Overlooks the Oversized Family Room with Hardwood Flooring Throughout

The Large Separate Dining Room is Perfect for Entertaining for those Special Occasions or Everyday Dining! The Roomy 3 Bedrooms with Abundant Closet Space and the Updated 4-piece Bathroom Complete the Main Level. The Lower Level Boasts a Large Recreational Room with Gas Fireplace, Large Windows, a Stylish 3-piece Bathroom, Large Storage Room and Laundry and Utility Room. Additional Features Include; California Shutters, Parking for 4 Cars on the Cement Driveway and Plenty of Room in the Double Garage for Additional Parking or Working Space for a Handyman or Hobbyist, Separate Entrance from the Backyard and Garage, Providing Enormous Potential for an In-law Suite. The Pool Sized Yard is Ready for Your Creativity and Enjoyment! Roof Shingles Replaced 2018 and Furnace and Central AC 2022. Call us Today for Your Private Viewing!!!

BANK OF CANADA RATE UPDATE

The Bank of Canada increases interest rates and continues quantitative tightening.

The Bank of Canada started its 2023 schedule of rate announcements by increasing its target for the overnight lending rate by 25 basis points to 4.5%, while at the same time continuing its policy of quantitative tightening.

The Bank indicated that global inflation remains high and broad-based but is beginning to retreat in many countries driven mainly by lower energy prices and supply chain improvements.

The Bank also cited that financial conditions have eased in recent months but continues to remain restrictive along with the Canadian dollar remaining stable relative to its US counterpart.

In Canada economic growth has been stronger than initially expected amidst excess demand and a tight labour market.

Notwithstanding, restrictive monetary policy is contributing to a slowdown in economic activity as evidenced by the recent decline in household spending and the steep decline in housing market activity.

Rising interest rates are also expected to negatively impact business investments, while weaker foreign demand will likely dampen on exports.

The Bank estimated that the Canadian economy grew by 3.6% in 2022. Looking ahead, the Bank expects GDP growth to slow to about 1% in 2023, followed by a slightly stronger pace of growth of around 2% in 2024.

Inflation has eased in the second half of 2022, declining from 8.1% in June to 6.3% in December, driven mainly by lower prices for gasoline and durable goods.

The Bank acknowledged the hardships being faced by many Canadians as food and shelter costs continue to rise.

Despite short-term inflation expectations remaining elevated, indications are that core inflation has probably peaked as evidenced by the recent decline in the 3-month measures of core inflation.

Overall, the Bank projects a significant pullback in CPI inflation this year, which is expected to come in at around 3% by mid-2023, then further retreating to the Bank’s 2% target by 2024.

Lower energy prices, supply chain improvements, and rising interest rates are all expected to be the main contributing factors to lower inflation this year and next.

Looking ahead, the Bank noted that should future economic developments evolve in line with their expectations it might pause its rate hikes and assess its monetary policy stance.

The Bank also cited that it is committed to restoring price stability and will increase rates further if needs be in order to return inflation to its 2% target.

The Bank of Canada’s next scheduled interest rate announcement will be on March 8, 2023.

BREATHE NEW LIFE INTO YOUR HOME

When it comes to indoor air quality, it’s best to “air” on the side of caution.

The term "air quality" is usually associated with outdoor air pollution created by bumper-to-bumper traffic or from factories that pump out clouds of smoke.

The truth is, we should be equally concerned about the toxins and irritants in our homes such as pet dander, dust mites, formaldehyde and fungi.

Fear not though as there are a variety of ways to improve your home's air quality. Here are a few easy ways to breathe new life into your home:

Unwelcome Mat
Stop dirt and other irritants from entering your home by placing doormats at each entrance.

Green Clean
Try to use homemade cleaners with natural ingredients such as lemon juice, vinegar and baking soda.

Air Spray
Make your own air fresheners by mixing up water, rubbing alcohol and essential oils.

Plant Purifiers
Houseplants such as peace lilies and spider plants soak up toxins and naturally purify the air.

Free the Fur
Brush your pets outside and wash their beds on a regular basis to control hair and dander.

It’s Exhausting
Ventilate your home with exhaust fans and open up your windows whenever possible.

Humid House
Monitor and adjust your home’s humidity levels to prevent the growth of mould and mildew.

Do the Ducts
Have your air ducts cleaned every few years to prevent irritants from travelling throughout your entire home.

When it comes to indoor air quality, it’s best to “air” on the side of caution, pardon the pun. We focus so much time and effort decorating our home for aesthetic appeal but nothing in life is quite as precious as the air we breathe.

It’s easy to improve your home’s air quality though as implementing just a few of the ideas above will turn your home into a breath of fresh air!

CHILD'S PLAY GUIDE TO DECORATING

Decorating your kid’s room will be child’s play with these easy tips!

Designing and decorating your child’s bedroom is a great way to spend quality time together.

It's also a great opportunity for them to express their thoughts and opinions with you but with so many options available, it can be a bit overwhelming.

One way to keep things fun is to design the room around a theme. Remember though that a child's interests can change rapidly so try and keep things simple and flexible.

There are plenty of ways to add fun and creative touches once you've decided on the perfect theme. Here are a few ideas to help you transform your kid's room into their own personal sanctuary:

Stick 'Em Up
Wall stickers are a great choice as they're inexpensive, come in a variety of themes, cover large areas and are easy to put up and take down.

Chalk It Up
It’s time to read the writing on the wall! Creating a chalkboard wall is easy as chalk paint doesn’t require any sanding or priming.

Bedded Down
A nice new comforter with themed sheets and pillowcases is a great way to mix comfort and style.

Family Frames
Framing family photos or your child's artwork in colourful frames will add a nice personal touch.

Basket Case
Attractive storage baskets that match your theme are a great addition as they make tidying up a breeze!

A child's vision of a perfect room isn't usually as complex or as costly as you'd expect. With a bit of enthusiasm, you can make your child's day by decorating their room with a few simple touches that won’t break the bank.

Whatever you decide, make sure to involve your child in the process so that it’s a meaningful and enjoyable experience that you’ll both remember for years to come :)

MEDICAL MUST-HAVES

Having a well-stocked first aid kit on hand shouldn’t be an afterthought.

If you’re faced with an emergency, you need to be confident that your first aid kit has everything you need. Here are some of the most important items your first aid kit should include:

• a first aid manual
• cleansing agent & antiseptic
• an assortment of bandages
• sterile gauze pads
• adhesive tape
• scissors
• an EpiPen

Your first aid kit should always be fully stocked and stored in a dry location that’s easily accessible to everyone in your family.

It’s also important to review the first aid manual so that you and your family know how to use the contents should the need ever arise.

P.S. Please let us know if you'd ever like a hand finding your dream home or even if you're just curious about what the house down the street sold for. We are always happy to help