What’s happening in Waterdown in July? Share with your loved ones!

Oh Canada Rib Fest
June 28-July 1
Memorial Park, Waterdown
https://www.ohcanadaribfest.ca
 
Farmer’s Market
Saturdays 8AM-1PM until mid-October
Royal Canadian Legion, Waterdown
https://www.waterdownfarmersmarket.ca/index.html

Because Beer Festival
July 12-14 
Pier 4, Hamilton
https://www.becausebeer.ca

Farm Crawl
July 27
Multiple locations in Hamilton area
https://www.farmcrawl.ca
 
West Avenue Cider House
Outdoor kitchen is open!
Wed-Sun @ 12pm-6pm
84 Concession Rd 8 E, Freelton, ON
https://www.westavenue.ca/wp-content/uploads/2024/06/Meadow-Menu-Regular.pdf

May's housing market maintained low sales levels, continuing the trend from last spring's brief surge in activity. Prospective home buyers are still holding out for lower mortgage rates, while current homeowners are anticipating a rise in demand, as shown by a year-over-year increase in new listings. This increase in available homes has given buyers more room to negotiate prices.

According to recent Ipsos polling, many home buyers are awaiting clear signs of decreasing mortgage rates. As borrowing costs are expected to drop over the next 18 months, the market should see an influx of buyers, particularly first-time purchasers. This will help alleviate the pressure on a currently tight rental market.

While interest rates remained high in May, buyers benefitted from slightly lower selling prices compared to last year. Selling prices have adjusted to counteract the effects of higher mortgage rates, and affordability is anticipated to improve further as borrowing costs decrease. However, as demand rises, we can expect upward pressure on home prices due to increased buyer competition.

For the long-term affordability and livability of our region, a coordinated effort from all levels of government is necessary to address the housing deficit and accommodate new population growth. Additionally, governments must ensure the delivery of infrastructure to support this growth. The region's economic health and livability depend on the timely completion of public transit projects and increased transparency.

If you're looking to navigate the current housing market with confidence, now is the perfect time to seek expert advice. Contact me today!

Taking the leap into homeownership is an exciting journey, and you're in the right place to get started. Whether you're looking to buy a house, townhome, condo, new build, or land, understanding the real estate transaction process is crucial. Here are some key tips to guide you smoothly through this adventure.

Expand Your Horizons Beyond Familiar Neighborhoods

Consider exploring neighborhoods outside your comfort zone. Venturing into lesser-known areas can reveal hidden gems with unique charm and character. Attend local events, visit parks, and immerse yourself in the culture of different neighborhoods to find the perfect fit.

Plan for all homeownership expenses, not just the down payment

While saving for a down payment is essential, it's just one part of the financial picture. Prepare for additional costs like closing fees, property taxes, homeowner's insurance, and potential maintenance fees. Planning for these expenses from the start ensures a more accurate financial plan and prevents future surprises.

Start small and build up

Your first home doesn't have to be your forever home. A starter home often means a more affordable, smaller space that allows you to build equity and financial stability. Over time, you can upgrade to a larger or more desirable property as your circumstances improve.

Exercise patience in the Home Buying Process

Finding the right home can take time. While some people know they've found "the one" right away, it's more common for the search to take months. Patience is key, and it will pay off when you find the perfect home.

Shop around for the best mortgage rates

Don't settle for the first mortgage rate you come across. Whether working with a mortgage broker or directly with lenders, compare different options to find the best rate. A lender who understands your financial goals can offer a tailored rate, leading to significant savings over the loan term.

Maintain a financial cushion

While a substantial down payment is beneficial, avoid using all your savings. Keep some funds aside for emergencies, repairs, and unexpected expenses. This financial cushion provides peace of mind and security as you navigate homeownership.

By following these tips, you'll navigate the home buying process with less stress and more confidence. Feel free to reach out anytime—I'm here to guide you through this exciting adventure!

As your mortgage renewal date approaches, it's an ideal time to reassess your current living situation. With the housing market constantly evolving and personal circumstances changing, this is a perfect opportunity to consider whether your current home still meets your needs or if it's time for a change. As your trusted realtor, I'm here to provide insights into the options available to you: assessing your home's value, considering renovations, or deciding if selling and buying a new home is the best path forward. My goal is to help you make a smart, well-informed, long-term decision.
 
Assessing the Value of Your Home
Before making any decisions, it's crucial to understand the current market value of your home. This involves: 

• Getting a Professional Opinion: I can provide an accurate estimate of your home's worth. This will give you a clear picture of your equity and help you understand your financial position.

• Comparative Market Analysis (CMA): I'll provide you with a CMA, which compares your home to similar properties that have recently sold in your area. This can offer a more localized perspective on your home's value.

• Market Trends: I'll keep you updated on real estate market trends in your area. Are prices rising or falling? Understanding the market can help you decide if it's a good time to sell or stay put.

 
Considering Renovations
Renovating your home can be a great way to enhance its value and functionality. Depending on your needs and budget, you might consider:
 

• Cosmetic Improvements: Simple updates like fresh paint, new fixtures, or modernizing the kitchen and bathrooms can significantly boost your home's appeal without breaking the bank. 

• Major renovation: If you're looking for more space, adding a storey or converting your basement into a livable space can increase your home's square footage and also add value. 

We can discuss the feasibility and potential costs & returns on those investments of either of these options when we talk.
 
Should You Sell and Buy a New Home?
Sometimes, selling your current home and purchasing a new one is the best option, especially if:
 

• Your Current Home No Longer Meets Your Needs: Whether you need more space, a different layout, or a better location, a new home might be the solution.

• Market Conditions Are Favorable: If the market is strong, you might get a good price for your home and find a new one at a reasonable cost.

• Financial Considerations: Calculate the costs involved in selling and buying a new home, including real estate commissions, closing costs, moving expenses, and any potential renovations in the new home versus renovating your own. These costs can add up, so it’s important to budget carefully. 

Making a Smart Long-Term Decision
To make the best decision for your future, consider the following steps:

• Financial Assessment: Review your financial situation, including savings, income, and potential mortgage rates. I can connect you with trusted financial advisors to understand how each option will impact your long-term financial health.

• Lifestyle Considerations: Think about your long-term goals and lifestyle needs. Are you planning to start a family, or are you nearing retirement? Your future plans should heavily influence your decision.

 
I'm Here to Help
Navigating mortgage renewal and deciding on the next steps for your home can be daunting. As your realtor, I'm here to provide you with the guidance and resources you need to make a smart, informed decision. Whether you're considering renovations or contemplating a move, I'm committed to helping you understand the costs and benefits, ensuring that your choice aligns with your long-term financial and lifestyle goals.

Reach out to me today to schedule a consultation and take the first step toward making your home work better for you and your future!

Save and share with your family & friends!
 
Worlds of the Night Exhibit
Until August 24 @ 10am-4pm
Joseph Brant Museum
https://museumsofburlington.ca/exhibition/worlds-of-the-night/
 
Burlington Model Railway Club – Open House
Saturday, May 4 @ 11am-3pm
Aldershot, Burlington
https://www.burlingtonmodelrailwayclub.ca
 
AGB Spring 2024 Opening Reception
Thursday, May 9 @ 6:30-8pm
Art Gallery of Burlington 
https://agb.life/visit/events/opening-reception-spring2024
 
Cherry Blossom Festival
Saturday, May 11 @ 1-3:30pm
Celebration: Burlington Performing Arts | Trees: Spencer Smith Park
https://www.burlington.ca/en/news/festivals-and-events/sakura-festival.aspx
 
RBG After Dark: Spring into Summer
Thursday, May 16 @ 6-10pm
RBG Rock Garden
https://www.rbg.ca/events/rbg-after-dark-spring-into-summer/
 
Adults, Kids & Teens programs
Burlington Public Library
https://www.bpl.on.ca/sites/default/files/_content_files/page/PDF/ProgramGuide-Kids.pdf
https://www.bpl.on.ca/sites/default/files/_content_files/page/PDF/ProgramGuide-Adults.pdf

Save and share with your family & friends!

Farmer’s Market
Every Saturday @ 8am-1pm – Starting May 25
Royal Canadian Legion
https://www.waterdownfarmersmarket.ca/index.html
 
Sidewalk Sale
Sat-Sun May 4-5
Village of Waterdown
https://waterdownvillage.ca/event/community-sidewalk-sale/
 
Guided walking tours of Heritage District
Saturday May 4 @ 10am-4pm
Starts at the American House
https://waterdownvillage.ca/event/doors-open-hamilton/2024-05-04/
 
Maple Taps Festival
Sat-Sun May 4-5 @ 12-6pm
West Avenue Cider House, Freelton
https://www.facebook.com/100063772863003/posts/909473087855112/?mibextid=QwDbR1&rdid=gXcqY13WHsDVKYXb
 
Spring Pottery Sale
Fri-Sat-Sun May 3 to 5
Dundas Lions Memorial Community Centre
https://www.hamiltonpotters.ca
 
Bloom, live theater – Evenings & Sunday Matinees
May 3 to May 5 – 8pm & 2pm
Village Theatre Waterdown
https://villagetheatrewaterdown.ca/bloom/

In April 2024, the Toronto real estate market saw a decrease in home sales by 5% percent compared to April 2023. Despite this drop, new listings surged by 47.2 percent year-over-year, providing more options for buyers but not significantly impacting the average selling price, which saw a marginal increase of 0.3 percent. The Toronto Regional Real Estate Board officials noted that while current listings are notably higher, potential buyers might be delaying purchases in anticipation of forthcoming rate cuts by the Bank of Canada. Looking ahead, TRREB anticipates that declining borrowing costs will lead to tighter market conditions and renewed price growth as we move towards 2025.
 
Read the full GTA report here: 
https://trreb.ca/wp-content/files/market-stats/market-watch/mw2404.pdf
 
The Hamilton-Burlington region saw a 7% decrease in housing sales compared to April 2023, marking a departure from long-term trends for this month. Despite this, year-to-date sales remained on par with the previous year. The REALTORS® Association of Hamilton-Burlington (RAHB) noted that while apartment home sales declined, there was an increase in semi-detached and row-style home sales. New listings increased, raising inventory levels across all property types and price ranges—a notable change given the typically low inventory levels of the past decade. The months of supply also increased, reflecting more balanced market conditions compared to the tight supply last year. 
 
Read the full Hamilton-Burlington report here: 
https://s1.cdn.rahb.ca/rahbca/wp-content/uploads/2024/05/April-All_Regions.pdf
 
Even if you're not actively looking to buy or sell, understanding the market can help you spot opportunities. This might include buying a second home, investing in rental properties, or downsizing at an opportune time to maximize your financial gain. 
 
Whether you're planning your next big move or just curious about your home's current value, staying informed about the real estate market is crucial. As your dedicated real estate expert, I'm here to provide you with up-to-date market insights and personalized advice tailored to your unique situation.
 
Take the first step – give me a call! 

Let's crunch some numbers!

Figuring out your GDS (Gross Debt Service) and TDS (Total Debt Service) ratios can really help you understand what you can afford. Here’s a quick breakdown:

GDS shouldn't be more than 39%. It's all about your housing costs (think mortgage, property taxes, heating, and maybe condo fees) versus your gross income.

TDS includes all that plus your other debts (like credit cards, car loans, etc.) and should stay under 44%.

Want to play with the numbers and see where you stand? Check out CMHC’s handy calculator!

cmhc-schl.gc.ca/consumers/home-buying/calculators/debt-service-calculator

Here are six home improvements that are not only attractive to homebuyers today but that will yield the highest return when you are ready to sell.

1.    Energy Efficient Upgrades. Upgrading your insulation or replacing your doors and windows with more energy efficient equivalents are some of the most valuable renovations you can do. Not only can they add value to your home but will also decrease your monthly utility bills.

2.    Kitchen / Bathroom Remodels. A beautiful kitchen and updated bathroom are on the wish list of many homebuyers. While some kitchens and bathrooms may need a complete overhaul, even minor renovations such as new countertops and taps can be enough to increase the value of your home.
 
3.    Fresh Coat of Paint. There is nothing like a fresh coat of paint to liven up a home. A fresh coat of paint in a neutral tone, both inside and outside, is the most inexpensive way to update your home and ensure you attract more buyers.
 
4.    Exterior Improvements. Replacing an old garage door, upgrading your front door, adding low maintenance landscaping, removing old awnings or adding a deck are all high-ROI renovations in the long term.
 
5.    Finished Basement. Finished basements add useable space for things like a home gym, entertainment/bar area, game room or kids’ playroom. Be sure to use water resistant materials, test and repair any water damage while finishing your basement.
 
6.    Home Office. With the current trend toward work-at-home schedules, converting a spare room to a functioning home office will be attractive to many homebuyers today.
 
For a complimentary consult on how to improve your home’s value, please reach out anytime! 

In the complex world of real estate, hiring a knowledgeable and experienced real estate agent can be a game-changer for home buyers. In this article, we'll explore the five compelling reasons why enlisting the expertise of a real estate professional is a smart decision when embarking on your home-buying journey.

To save time, money and energy.
When you contact multiple listing agents, you may need to disclose sensitive information about your budget and preferences multiple times, making it challenging to coordinate and streamline your home search efficiently. It may lead to a more disjointed and stressful home-buying experience. A dedicated buyer agent will listen to your needs and understand your goals.

To educate you on current market conditions so you don’t overpay. 
You may miss out on valuable information about other properties that could be better suited to your needs if you're only in contact with individual listing agents. As a buyer, you’ll want to know that you are paying a fair price. Your agent will educate you on current market conditions to help you understand fair market value based on comparable listings and sales of similar homes before making an offer on any given property.

To protect your interests in a realestate transaction.
In a real estate transaction, it’s important to understand that the listing agent is bound by contract to work in the best interests of his/her sellers. Your buyer agent works exclusively for you ensuring your interests come first.

To fearlessly negotiate on your behalf to achieve the best price and terms for you.
Negotiation of what is likely one of your largest purchases requires expertise, experience and skill, period. The best negotiators are masterful communicators who will not only help you decide what to offer, what to include and what not to, but also help you decide when it’s time to walk away. 

To bring calm and joy to your homebuying experience.
A great real estate professional will provide you with key market insights, sound advice and save you endless hours of time and money — all while helping reduce the stress of a large decision so you can relax and enjoy the experience! 

Need help finding your dream home? Contact us today!

When you’re shopping for a new home, it’s important to be prepared so that when you find a property you like, you can make a good offer. With that in mind, here are some of the most common arrangements you may need to make for your home search. 

• A pre-arranged mortgage. Getting the financing arranged in advance is essential for two reasons. First, it helps to determine how much you can afford for a new home. Second, having a pre-arranged mortgage will make your offers more credible. So, if you’re thinking of moving soon, talk to your lender or mortgage advisor right away. 

• A professional home inspector. Depending on the state of the market in which you’re shopping, it’s usually advisable to have a professional home inspection done on a property you’re interested in buying. You don’t want to buy a home only to discover an issue that requires an expensive repair. 

• A sitter. Whether you have pets, children, or both, it’s a good idea to have a reputable sitter available, especially if you anticipate a long day or two viewing properties. Make those arrangements now, so when you’re ready to search for a new home, the question of “Who will look after the kids?” won’t be an issue. 

• Measurements. Imagine buying a home, moving your furniture, and then finding out the king-sized bed won’t fit into the bedroom or the furniture doesn’t lay out properly in the living room. That’s why it’s important to take measurements, especially of larger items. 

The more prepared you are, the more successful your home search will be. 

Are you thinking of selling your home this year? If so, you might be paying extra attention to housing market news covered by the regional and national media. 

While that news can be helpful information, it can sometimes say little about what’s happening in your particular neighbourhood. In fact, it’s possible for there to be a balanced market nationally or regionally, while at the same time your street may be experiencing a hot seller’s market! 

That’s why it’s important to understand what’s happening in your local “micro” housing market when you’re selling your home. 

What do you need to know about your local real estate scene? Here are a few questions to ask yourself: 
•    Is our neighbourhood a seller’s, buyer’s, or balanced market right now? 
•    If we list our home now, will there be any competing listings in our area? If so, how many? 
•    How long is the average listing in our area taking to sell? A week? A month? 
•    How much are properties like ours in the neighbourhood selling for? 
•    How desirable is our neighbourhood? How many buyers are actively looking to move here? Are there currently buyers eager to purchase a home like ours? 
•    What are the demographics of buyers looking to buy in our neighbourhood? 
•    How important is it to fixup and stage my home if I decide to sell? 

Getting these local insights will be far more helpful than the national news when you put your property on the market. So, find out what’s happening right here, in your neighbourhood. 

How do you do that? Call me today. 

When preparing your property for sale, you want to make it as attractive as possible to buyers. After all, the more buyers like what they see, the higher the probability you’ll get good offers. 

That’s why it’s advisable to clean, declutter, decorate, fix, and improve as much as possible. 

But, how far should you go with fixing and improving? For example, should you tear down the old deck and build a new one? Or, should you leave it as is? 

Should you paint the main floor? Or is it okay to leave the faded finish and few wall dents just as they are? 

Those can be difficult questions to answer because many factors come into play. 

• What is the traditional return on investment for that home improvement? (In other words, how much will you get back when you sell?) 

• To what degree will the fix or improvement help sell your home faster and/or for a higher price? 

• If you don’t make the fix or improvement, will those deficiencies be likely to dissuade buyers who would otherwise be interested in buying your property? 

• What are the current market conditions? Are there other listings in the area competing with yours? 

• How much will the fix or improvement cost? Is it affordable, given the benefits of having a listing that’s more attractive and move-in ready? 

Once you have answers to those questions, you’ll have a clearer idea of whether to fix it or leave it as is. 

I can help you get those answers. Call today. 

If you’ve been thinking about selling this year, one question that might be top-of-mind is, “Should we list now?” You may be wondering whether you should wait until the summer or fall — or even next year — in the hopes that you’ll be able to get a little more for your home.

That “now or later” question is common and can be tough to answer.  On the one hand, there might be a time in the future when the stars align and conditions are perfect for selling your property. On the other hand, those stars may never align so idyllically. 

To determine if you should sell now or later, you’ll need answers to the following questions:

• Is my home ready to sell? If we were to list in a few weeks from today, would we be able to get the property ready?

• What are the advantages of waiting until later to sell? 

• How much would we likely get for our home if we were to sell today?

• If conditions are predicted to become better later in the year, how much more could we get for our home? Is the extra money worth the risk of waiting?

• Are there other reasons for delaying listing our home?

Once you have those answers, you’ll be able to make a more informed decision regarding whether to sell now or later.  Need help? Call today.

These days, people are more environmentally conscious. When it comes to their homes, that often starts with being more thoughtful about heating and cooling so they’re consuming less energy. With that in mind, here are some tips for making your home more eco-friendly:

1. Install a smart thermostat. Modern thermostats come with various features that help you manage heating and cooling, so you use less energy. For example, you can program a thermostat to adjust temperature during the workday and then turn on heating or cooling an hour before you get home.

2. Take advantage of non-peak times.  Many utilities (electricity, water, etc.) offer price breaks at non-peak periods. For example, washing your clothes later in the evening might reduce your water bill. Ask your utility providers about available price-saving programs.

3. Buy energy-saving products.  A wide range of products are available to help you lower energy consumption, from shower faucets to kitchen ranges. The next time you’re shopping for an appliance or fixture, ensure it has eco-friendly features.

4. Replace worn insulation. A one-inch crack in window insulation can cause your home’s HVAC system to work harder. That’s why experts advise that you check the insulation around doors and windows once a year and repair or replace it where necessary.

5. Manage passive heat. It’s no surprise that a window letting in the sun will make a room warmer. So, take advantage of this free energy source. Let sun into rooms on cool days, so your furnace doesn’t have to come on as often. Do the opposite on hot days.

I’m well-connected in the local home industry. If you need any advice or recommendations, call today!