Tuesday, October 23, 2018

You Were Asking: Mobility Hubs

Mobility Hubs

On Tuesday October 16th the J M Edwards Team attended the Open Forum meeting hosted by the Realtors Association of Hamilton Burlington to inform its members on the proposed planning and development of the four Mobility Hubs scattered around Burlington, ON. For those who don’t know, the mobility hubs are areas designated by the City, centred around our three GO Stations and downtown transit hub. 

The area surrounding these key areas actually attributes to about 5% of Burlington’s future growth so, in reviewing the plans for our City in these next 20 years, the mobility hubs have become a key component of our future planning.

These plans, now released by the City, are developed in three stages…

Phase 1: Research, public consultation, establishing land use and concept draft
Phase 2 / Current Stage: Area specific plans released, public consultation 
Phase 3: Tools and strategies of implementation

The biggest concern, particularly in the downtown areas, are what can we expect from each of these plans.  First and foremost, there are many objectives that comprise the overall plan. Everything from intensification, a varied transportation network, environmental conservation, employment opportunity, cultural heritage and more. The overriding objective is to create complete and well rounded ‘neighbourhoods’ within each hub.

Each zone is assessed separately based on the needs and existing infrastructure. Here are some highlights and proposals discussed in each of the area plans…

  • Generally, height minimums have been increased to 12-17 stories
  • Proposed park at the end of John St, with future development and land use changes
  • Area of highest density will be at Prospect/Brant where building heights will range from 17-25 stories
  • Given the traffic and lack of parking downtown, the idea is to create a walkable neighbourhood, particularly those closest to the Burlington GO station
  • Encouraging builders to limit the parking available to encourage a lifestyle change… downsize square footage and number of vehicles 
  • Largest transition from otherwise industrial/commercial area into a more well rounded neighbourhood
  • High density would be upwards of 30 stories, keeping in line with current/proposed development
  • Area of preservation along Plains Rd E, protecting the character of longstanding Burlington businesses
  • Many new parks and green spaces as well as addition of a bike path 
  • Road expansion of Masonry Ct to provide a walkable and accessible neighbourhood
Burlington GO:
  • High intensity directly surrounding the station itself
  • Added mix of mid residential 
  • 4+ new Parks
Appleby GO:
  • Largest mobility hub in the City
  • North of the rail line will remain as employment lands
  • Expect an emergence of 30+ story condos along the rail line on the south side, similar to Burlington GO area
  • Sub areas surrounding the rail line to be medium density, along the same lines as the mid level buildings and townhomes already established
To view the plans in full visit the City’s website to see what this future development means for your current neighbourhood or your own future plans living within the City.


Photo Source: City of Burlington

You Were Asking: Legal Marijuana & Real Estate

Wednesday, October 17, 2018

Weekly Stats: Realtors Association of Hamilton Burlington

Our Real Estate Board, The Realtors Association of Hamilton Burlington (RAHB) has begun reporting WEEKLY stats!  To expand on our monthly stat reporting currently found on our website, you'll find a weekly addition to your profile.

This will help us all to keep a closer eye on the changes as we evolve through our changing Real Estate markets. October 7th-13th for Hamilton Burlington, attached... our starting point! 

Note that the average sale price for Burlington for the month of September was $773,258... our weekly average is down to $719,400 as of current stats.  The opposite is true for Hamilton, with average sale price for the month of September having been $414,831... our weekly average is up to $492,001.

1) Data are RAHB Matrix including non member inter-board listings.
2) Hamilton area:  Region = Hamilton 
3) Burlington area:  Municipality = Burlington and Halton Hills 
4) Sale price >= CAD 40,000 

Friday, October 12, 2018

Seller's Were Asking: HELP! I Want to Change My Closing Date!

HELP! I Want To Change My Closing Date!

It actually happens a lot more than you think when our Buyers or Sellers approach us after they have firmed a transaction and realize they need to change their closing date. Sometimes it’s a day or two, other times it can be weeks! 

To make any change to an accepted offer, it must be done so first and foremost by mutual agreement (including all parties to the transaction) as well as executed formally in writing, amending your original agreement with the new dates. When a closing date or completion date is changed, it’s important to remember your title search date must also be amended to fall in line with any new date selected. Buyer and Seller are at a stalemate? The accepted agreement stands as legal and binding so, business carries on as usual. 

How do you avoid making the mistake? Think and plan ahead! It’s hard to think of dates when you’re sat down putting together the terms of your offer or deep in the throws of negotiation. Before you get too far into your search, sit down with a calendar and your loved ones. Other somewhat obvious tips: steer clear of holidays; both statutory holidays and planned vacays away. Birthdays and anniversaries are other busy times for most… you’d hate to have a house full of boxes while you’re chasing a party of 7 year olds around the house! Think of work schedules also… end of the quarter? Likely not the ideal time to add more stress.

There’s no magical formula and life being what it is, there’s always going to be exceptions or unexpected twists and turns. Your closing date can change should circumstance change, but, our recommendation always is to think it through beforehand to save yourself the worry later on. 

Tuesday, October 9, 2018

Seller's Were Asking: When Do I Call My Realtor

When Do I Call My Realtor

If I only had a quarter for every time someone said “well, I don’t want to waste your time… we’re not ready to sell yet!” The truth is, it’s never too early to call your Realtor. We’ve worked with homeowners for years leading up to a For Sale sign going on the lawn in a variety capacities.  

We’ve helped in planning for renovations both before and after sale… everything from ‘money rooms’ to picking out finishes. We’ve even advised against certain renovations based upon market trends.  We can provide detailed staging lists to help tackle the clutter or get family members on board. We also are happy to recommend handymen, donation sites and so much more well in advance or simply as a kind gesture when needed.  We’ve even gone as far as done yearly check-in’s with homeowners to watch market trend and strategize timing of a purchase and sale. 

So, the short answer to the question? Anytime! A Realtor can be a great neutral sounding board to help make some of these decisions when it comes to your home or investment property. 

Friday, October 5, 2018

Market Update: Market Conditions & Winter Forecast

Market Conditions & Winter Forecast

This Summer and into the early Fall we saw a return to a more balanced market. Looking at the stats you can see it’s been a while since we’ve been here! With the scales tipping in either direction, most notably from the benefit of all Sellers last Spring and then quite drastically back to Buyers this same time last year. 

It’s taken some time and some getting used to for many Sellers but the evidence is seen by the number of days on the market increasing over the last year. The difficulty remained for Sellers still reeling off inflated values, it’s been a frustrating lesson in market trends to say the least.

As we await the arrival of winter weather, we watch the final push of sales from families and snowbirds before a pretty common holiday lull. With many of you already thinking ahead to Spring, our biggest market of the year, we all expect to see more of the same... a balanced and more stabilized pricing strategy will bode well for those looking to make a move this new year.

Tuesday, October 2, 2018

Seller's Were Asking: Emotional Rollercoaster

Emotional Rollercoaster

Your home is the single largest asset you will ever own in your lifetime. I’ll pause to let that really sink in for a minute…. It’s safe to say, purchasing or selling that asset is never a straight and narrow path. We often refer to it more appropriately as ‘an emotional rollercoaster.’ 

We’ve seen it all and everything in between, from the highest of highs; when you see a family beaming from ear to ear in excitement over their new home. To the lowest of the lows; reasoning through with Sellers whose Buyer did not close on the property.  You can expect some bumps and bruises along the way, it’s all part of the journey and most Buyers and Sellers will go through it at some point. 

It’s easy to paint all Realtors with the same brush but, in reality, there are many of us that go along this emotional journey right beside our clients. We feel the emotional anguish of losing out on your third offer or feel the pride and joy of accomplishing your dreams, whatever they may be. We’re right there along side you helping you navigate this journey, together. 

Over the years we’ve talked about finding the right fit in your Realtor and this is exactly why! Working with the right people you can build that trust and confidence will only help make things easier. We feel honoured to be a part of each and every client who chooses the Edwards Difference. We’re right there with you.. at the front of the car, hands up and screaming!