Buying or selling a home in Hamilton or Burlington involves far more than agreeing on a price. The paperwork and contractual details behind a transaction are what protect both parties and ensure the deal proceeds smoothly to closing.   For many people, contracts are the most intimidating part of real estate. Understanding the process helps reduce stress and allows buyers and sellers to make confident decisions.     The Purpose of Real Estate... [read more]

Market Stabilizing as Sales Drop, Inventory Rises   February home sales in Hamilton-Burlington hit their lowest level since 2009, down 35% year-over-year. However, new listings only declined 9%, keeping in line with long-term trends. Inventory surged 28% to its highest February level since 2013, pushing months of supply to 4.5.   With more options and slower sales, prices dipped 3% to $812,600, with semi-detached and row homes seeing the largest drops. While Burlington saw... [read more]

MARKET SHIFTS TOWARD MORE BALANCED CONDITIONS IN JULY  INVENTORY LEVELS TREND UPWARDS   Hamilton, ON (August 1, 2023) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 806 sales across the region in July 2023, a decline of 332 sales over the previous month but a gain over levels reported in July 2022. The... [read more]

There has been a major pick up in the real estate market in Burlington over the last few weeks. These stats will change next month. Sales declined across all property types compared to last year. However, condominium properties reported a modest decrease as higher interest rates have driven buyers to seek lower-priced homes. Contributing to the challenge is the pullback in new listings, leaving one month of supply across all property types in the area. Like other areas, prices across all... [read more]

RAHB AREA HOME PRICES TREND UP LEADING INTO SPRING  SALES-TO-NEW LISTINGS RATIO CONTINUES TO RISE, SLOWING INVENTORY GAINS   Hamilton, ON (May 1, 2023) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,102 sales and 1,566 new listings in April. This marks the first time since early 2022 that the... [read more]