An Interactive Map to the lastest Development Projects in your area
Your interactive map to the newest Development Projects in the City of Hamilton.
If you are interested in the latest condo projects that have been popping up all over Hamilton, Ontario check out this map
For the purposes of copyright protection this interactive map created by Brendan Wetton Sales Representative and Real Estate Inc. City Brokerage may not be reproduced or redistributed without express written consent
Hamilton "The Ambitious City"
Hamilton, Ontario Canada
The AMBITIOUS City
Real Estate City., Brokerage
Looking for a Change? Just finished your Courses?
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The decision to open up an independent, locally owned and operated Real Estate Brokerage was not a difficult one.
We felt the franchise, corporate owned and steered conventional brokerages were not offering what agents in this century need, but were billing for obsolete services which did not attribute to an agent's overall success.
The concept of the brokerage was born out of an agent mastermind group we created a couple of years ago with a select group of fellow agents with the goal to stay informed, share ideas and techniques on how to grow our real estate business.
That group and the "novel" concept of viewing colleagues as colleagues instead of rivals is the foundation of our brokerage. Shunning the traditional brokerage model of cut-throat agents competing against each other, City Brokerage fosters a culture of collaboration in which fellow agents learn, grow, share and teach. This kind of an environment results in an office with a competitive edge.
Our philosophy is best reflected in the realization that surrounding the company with great people will keep us aligned around our vision and goals.
Sharing our success, skills and knowledge with our valued and respected agents, we will have made a full circle; our agents success is our success and vice-verse.
Heavily plugged into social media and internet marketing combined with our strategically located boutique office in the downtown core - we are the agency to watch for in Hamilton.
We offer three financial options to agents who fit our philosophy, vision and office culture.
We also offer unsurpassed administrative support at your disposal to make your life easier and smoother, freeing you up to do what you do best-facilitate successful real estate transactions. This is accompanied by a tried and true system designed to make and keep our agents successful and at the top of their game.
We hope that you see yourself in this kind of environment and look forward to confidentially speaking with you.
If you do not have the minimum 5% down payment, you may still have an opportunity to purchase a home!!! If you have good credit ( a minimum beacon score of 650), a steady job and the money to pay for a lawyer and the closing costs, you may qualify for the Cash back for Down Payment Mortgage.
contact me for details
The way it works is quite simple, the lender will provide you with 5% of the purchase price as a cash back to be applied as the 5% down payment on your purchase, so you still have 95% financing but did not have to get a gift from family or wait to save up the 5% yourself. This program allows buyers who have been putting of the purchase decision to finally get into the Real Estate Market!
COLLOSAL 11,000 SQUARE FOOT PROPERTY ON KING STREET
Eleven thousand square feet smack on King Street. A total of eleven units, five are rented, six vacant. The property really needs a hands on land lord with a vision. As you might know, I took a big leap (it’s really a calculated move) myself when I bought in the mid-town neighborhood and opened up a real estate brokerage.
Let’s be frank, not many businesses have opened in the stretch of Wellington/Ottawa for many years. The area was evacuated overnight with the invention of the mall; stores failed, taxes were never adjusted to give business owners a break and city focused its entire energy on the suburbs.
Times are changing, and the beautiful buzz of that change is so evident in the lower city and in mid-town.
Below is a link to a McMaster neighbourhood study conducted in the Stipley neighborhood, so the area north of King, just around the “stadium” (anyone notice the slight bitterness between the quotation marks?)
The questionnaire answered by residents also touches on the amenities they are sadly missing in the area. Small business are slowly coming back, the entrepreneurial spirit has been infectious in Hamilton but local residents want more local services. You can read the article here.
The structure of the building is awesome, it is rock solid, divided nicely with a center hall on both floors, with units on either side. The current tenants are mostly doctors. At market rents, the gross income if fully rented would be 160K and net around 94K. Valuing the building with an 8% ROI the value of the building would skyrocket to 1.2 million if fully rented.
The illustration is by a young lady that does a lot of illustrations for us and has created some original pieces for City Brokerage, Brianne Casey.
New Hamilton GO Station
The idea for the new Go Station gained traction with the Nine Big Moves. This list consisted of 9 big developments including high-order connectivity to the Pearson Airport Districts from surrounding GTA regions and an expending Union Station. Being a $16 billion dollar project, there were a couple tall orders, one of those being the set-up of a system of interconnected mobility hubs. These mobility hubs are major transit stations scattered across the GTHA, there are 51 being built to date. This is where Hamilton’s Go Station comes into play.
A study was conducted of the region and presented to the Planning Committee in September. The new Go Station will be located on James Street North in the Hamilton-LIUNA hub. It is scheduled to open in the summer of 2015, with some work expected to continue after the opening.
A community request was imputed to provide some greenery. An idea was developed to create a balance between concrete elements and green landscaping. Metrolinx has decided to plant over 150 trees, small area of grass and 2,000 perennials. Trees are expected to mature and provide shade within 5 years.
Along with the greenery aspect of the new Go Station, there has been an outpour of requests for public art to be a factor in the décor of the hub. Metrolinx along with the City of Hamilton are finalizing an agreement to commission a medium scale of public art.
The image below depicts what it to be expected of the new hub! The structure will be fully enclosed in glass for a beautiful view of the waterfront and all surrounding areas. Part of the plan is to open a small retail area inside the station.
Month of September a BOOM in Real Estate
Following the summer trend, real estate has grown in property listings, prices and sales for the month of September-with record setting numbers. The Year of the Horse, so far, has been predominantly successful. Back in late 2013, REALTORS® Association of Hamilton-Burlington (RAHB) President Tim Mittoli predicted a successful year, stating “We can be cautiously optimistic for 2014, we’re looking at a pretty good year again.” For more on the Real Estate Forecast for 2014 click here.
Although the month of January had a drop in property listings compared to the previous year, the average sale price was $395,445, a 9.3 per cent increase compared to January of 2013, things were looking up for 2014. As the year proceeded, the month of May set a sales record. The RAHB website reported a 4.1 per cent increase in sales compared to May of last year and set a new record for sales in any month up to then. Summer was around the corner and although sales were high, inventory was low. Still, there was an exceptional real estate market in July and a strong finish to the summer in August.
There were 2017 properties listed in September, an increase of 2.3 per cent over the same month last year. The average sale price went up 5.3 per cent for the month. Actual overall residential sales were 6.7 per cent higher than the previous year. Sales in the condominium market saw an astonishing jump-a total increase of 19.9 per cent. The average sale price in the condominium market increased 17 per cent when compared to the same period last year. There was the same amount of new listings compared to September 2013 but sales were almost 20 per cent higher, hence the considerably fewer condo listings in inventory at end of month. The downside was that the average days on sale increased from 42 to 44 days-a small price to pay for such a successful outcome in sales.
The chart below depicts stats in the residential, freehold, commercial and condominium markets: