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Real Estate and Mortgage News

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DateHeadline/Summary
Jun 03 Expanded Choice for Buyers as Inventory Increases Across RAHB Market
(Jun 3, 2022 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,232 sales of residential properties within the RAHB market area through the Multiple Listing Service® (MLS®) System in May 2022. Sales were down by 5.1 per cent month over month and down by 31.9 per cent compared to May 2021. There were 2,631 new listings in May, which was up 7.3 per cent month over month, and compared to May 2021, there was an increase of 16 per cent. The average sale price for residential properties across the RAHB market area was $995,408, which was down 1.7 per cent over the previous month, and up 17.6 per cent compared to May 2021. There were 1.7 months of inventory in May compared to 1.2 months in April.
May 03 Signs of a Balanced Market Returning to RAHB Area
(May 3, 2022 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,298 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in April 2022. Sales were down by 20.7 per cent month over month, and down by 31.3 per cent compared to April 2021. There were 2,451 new listings in April, which was down 3.6 per cent month over month, and compared to April 2021, there was a decrease of 7 per cent. The average sale price for residential properties across the RAHB market area was $1,013,081, which was down 5.6 per cent over the previous month, and up 18.2 per cent compared to April 2021. The inventory of listings increased to 1.2 months of inventory in April compared to 0.7 months in March.
Apr 05 Strong Listings and Sales Activity in March
(Apr 5, 2022 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,637 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in March 2022. Sales were up by 33.3 per cent month over month, and down by 21.1 per cent compared to March 2021. There were 2,542 new listings in March, which was up 51.7 per cent month over month, but compared to March 2021, there was a decrease of 6.2 per cent. The average sale price for residential properties across the RAHB market area was $1,073,342, which was down 2.7 per cent over the previous month, and up 22.8 per cent compared to March 2021. The inventory of listings remains low at 0.7 months.
Mar 02 Sales and New Listings Climb in February
(Mar 2, 2022 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,228 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in February 2022. Sales were up by 71 per cent month over month, and down by 4.4 per cent compared to February 2021. There were 1,675 new listings in February, which was up 84.2 per cent month over month, but compared to February 2021, there was only a 1.2 per cent increase. The average price for residential properties across the RAHB market area was $1,104,163, which was an increase of 4.2 per cent over the previous month, and an increase of 30.3 per cent compared to February 2021. The inventory of listings remains low at 0.6 months.
Feb 02 Record-High Average Residential Sale Price to Start 2022
(Feb 2, 2022 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 718 sales of residential properties located within the RAHB market area through the Multiple Listing Service® (MLS®) System in January 2022. Sales were down by 11 per cent month over month, and also decreased by 13.5 per cent compared to January 2021. New listings were up by 40.9 per cent month over month, but compared to January 2021, there was a decrease of 11 per cent. The average price for residential properties was $1,058,756, which was an increase of 13.6 per cent from December, and an increase of 34.7 per cent compared to January 2021. The inventory of listings remains low at 0.6 months.
Jan 20 RAHB REALTORS® Release 2021 Year-End Statistics: An Unprecedented Market
(Jan 20, 2022 - Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported 16,502 sales of residential properties processed through the Multiple Listing Service® (MLS®) System in 2021. This is a 10.5 per cent increase from 2020. The average price of a residential property in 2021 was $867,560 across the RAHB market area. This is up 25.74 per cent from 2020. The average price in 2011 was $321,449 which represents a 169.89 per cent increase over ten years. New residential listings increased by 7.7 per cent compared to 2020.
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What Clients Say…

Laurence is an absolute joy to work with; she is extremely knowledgeable, pleasant, full of energy, and dedicated to getting the job done. She managed to make everything to do with selling our home seemed almost effortless. I can't imagine selling our home without her! — Shelley M.
Laurence worked diligently at following up with each person who viewed the property... always available to let me know what kind of feedback she was receiving. — Stephanie B.
You always were there, available, and kept in contact with us when needed. You were self-motivated with an unbelievable amount of drive. — John & Rose-Anne P.
You are at the top of your class. I don't know of anyone that works as diligently at selling a property as you do! You have such an admirable work ethic and I have seen first hand how dedicated you are to your clients. — Dianna D.
The process of selling our house and purchasing another was made painless and exciting by you. Your tactful negotiation skills were invaluable in purchasing our dream home. — Maria & Jean-Michel B.
You were prompt, energetic, thorough and always had our best interest in mind. Selling our home for full asking price in just 19 days and finding a new one in less than a week is a true testament to your relentless commitment to excellence. — Angelo M.
I still think about it, it went so fast, I have a challenging work schedule, I needed a place fast and you came through and I trusted you. — Joseph D.
We are still amazed that it all happened so quickly and smoothly. You are an excellent listener, honest, reliable and caring. — Pina F & James A.
Just want to say thank you for your hard work and dedication in getting my home sold. You were very organized, professional and honest. It was a pleasure to work with you. — Gail A.
The best part of working with Laurence, besides her great skill of staging, was the fact that she made us feel like we were her only client even though we knew she was extremely busy. Overall, it was a very pleasant experience. — Greg & Lindsey W.
The staging job that Laurence did was fantastic! We barely recognized the house when it was done. Laurence was bursting with energy and enthusiasm and remained positive, reassuring and confident throughout the whole process. We listed our home Tuesday morning and by Tuesday night it was sold!!! — Shelley M.
Laurence, did an amazing job of representing us and selling our home. She is a hard-working, dedicated, knowledgeable, highly professional, and passionate - Real Estate Agent! We highly recommend Laurence as an agent, home stager, and negotiator to anyone considering buying or selling a home. Jim & Judy N. — Jim N.
Laurence did a phenomenal job representing us both for the sale of our property and the purchase of our new home. She took the time to work closely with us to make sure she understood all of our needs and wants for both the sale and purchase. We were also very impressed with her detail-oriented focus, knowledge of the market, and the effort she put into making sure things went smoothly. Right from the start Laurence took the reins and we knew that we were in good hands. Thanks for everything Laurence! — Ron and Leslie Quinsay
We worked with Laurence when it was clearly a Sellers Market. Laurence was persistent and helped us find a home in an area unknown to us. Thanks to Laurence's expertise and proactive approach we were able to avoid a bidding war and we got a great home for our family. We enjoyed working with Laurence, every step of the way. — Andrea B & Stephen M
Nous avons fait affaire avec Laurence alors que le marché était nettement favorable aux vendeurs. Laurence a été persistante et nous a aidés à trouver un domicile à notre goût dans un secteur qui ne nous était pas familier. Grâce à l’expertise et l’approche proactive de Laurence, nous avons pu éviter une guerre d’enchères et devenir propriétaires d’une maison exceptionnelle pour notre famille. Ce fut un plaisir de faire affaire avec Laurence du début à la fin du processus. — Andrea B & Stephen M
When my wife and I bought our first home together, Laurence was instrumental in finding the right home of us. Laurence will take the time to listen to your needs, and understand your situation. She works tirelessly to comb though your desired area, finding gems that best suit YOU, your budget, needs, and wishes. She is very professional, organized, and well connected within the community, all of which is very much to the client's benefit. Above all, she is a really easy person to get along with and will make the often stressful and overwhelming process of home buying, painless and exciting! I highly recommend Laurence Mongeau for your real estate needs! — Alex & Teresa H
Nous recherchions un courtier immobilier afin d’acheter une maison en Ontario. Une amie nous a donc recommandé de contacter Laurence Mongeau. Très rapidement, il y a eu un premier contact par courriel et ensuite par Skype. Nous avons vite constaté que Laurence possédait les qualités professionnelles que nous recherchions. En effet, Laurence : - Offre un excellent service à la clientèle; - Apprend à connaître ses clients et repère vite leur besoin réel; - Est parfaitement bien organisée; - Met un point d’honneur à obtenir le meilleur rapport qualité/prix pour ses clients; - Assure une totale transparence et donc priorise la communication avec ses clients; - Maîtrise bien le français et la culture francophone; - Offre une très large disponibilité pour ses clients; - Possède un réseau de contacts professionnels (inspecteurs, collaborateurs courtiers, etc) très compétents dans leur domaine; - Est très à l’aise avec les nouvelles technologies. C’est donc pour toutes ces raisons qu’à notre tour, nous vous recommandons très chaudement d’utiliser les services de Laurence Mongeau. Nous sommes certains que vous bénéficierez d’un service de haute qualité! Merci beaucoup Laurence pour l’excellent service que nous avons reçu! — Hélène P & Sébastien T
Laurence Mongeau treated us like family, guiding us to make this, the biggest purchase of our lives, the smartest move we ever made. We happened to be buying our first home during this crazy real estate boom, where list prices were only starting points in major bidding wars, and the inventory of homes available within our budget was limited. But Laurence handled these challenges with grace and professionalism, and kept us feeling positive throughout our search. We always felt we had options, and whatever house, whenever we asked, she got us a private showing. She accompanied us through every visit, and went in ALL the basements (even the scary ones!). She asked the tough questions, and got us the answers we needed. She warned us about potential problems, sharing her experience and knowledge with us, while pointing out the positives of each property without pressure. She always made us feel important, and that our search for the perfect home was her top priority. In the end, it was a very happy outcome. We purchased the perfect home for us, and we owe it all to Laurence. She was the one who found us our dream first home and it was her experience and strategy that helped us "win" it! And we truly feel like we did win, because we had the best agent in the biz on our side. Thanks, Laurence, you're number 1! Karina and Andrew J — Karina
Laurence is a real estate professional who truly cares about her clients and will always put their interests first. She gets results! I wouldn't hesitate to refer Laurence to anyone looking to buy or sell their home. — Lisa Pellerin
Laurence is personable, professional, and super organized. Her advice and support was invaluable throughout all the steps involved in selling my dad’s home as he transitioned into a retirement residence. In addition to prepping, and selling his home, there was a lifetime of belongings to deal with. Laurence provided assistance with all of it. She was prompt to respond to all inquiries and made it seem as though we were her only clients, although I know that was not the case. The house needed freshening up and she quickly was in touch with trades people and vendors to get tasks completed in short order - this level of assistance made all the difference at this challenging and sometimes overwhelming time in our lives.
Updated and staged the house resulting in a quick sale for well over list price. I can’t imagine accomplishing all this without Laurence. — Ellen D
It has been my sincere pleasure working with Laurence to successfully purchase my new home. She is totally dedicated to her clients with customer service skills second to none. Her knowledge of the industry and market conditions were always spot on throughout the process. I would not hesitate in recommending Laurence for all of your real estate needs. She is Excellence personified. — Nick S

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