July 2018
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Hamilton                    Review
Why a full gut renovation downstairs?

Featured Listings:
Brantford
3 Oriole Parkway, $429,900

INFORMATION ON THIS WEBPAGE IS NOT MEANT TO SOLICIT CLIENTS AND/OR PROPERTIES ALREADY UNDER CONTRACT.

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Venture Investment Properties
Chris Shebib: Managing Director
Martin Kuev: Managing Director & REALTOR
(R)
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Real Estate Books by Robert J. Morrow
Available at www.amazon.ca and www.robertjmorrow.com
presents...
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Chase Realty Inc., Brokerage
398 Wilson St. E, Ancaster ON
905-648-3333

To view any featured listing,
text 905-536-4644 or email:
robert@emailhomes.ca
4 Bell Manor Court, $379,900
Robert J. Morrow: Editor & REALTOR(R):
robert@emailhomes.ca (905) 536-4644

Hamilton Home Review:
Copyright 2010-2018 Robert J. Morrow
Chris
Martin
 
Rockstar Realty Inc., Brokerage
165 Cross Ave #6, Oakville, ON
905-361-9098

All investor purchases are brokered by a licensed real estate agent, who is a member of the Canadian Real Estate Association and is bound by the code of ethics and fiduciary commitments required by Canadian law.
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Hamilton Home Review

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Why a full gut renovation upstairs?
 
Upstairs laundry helps separate units
Where can you get a turnkey duplex investment for under $500?
Brantford is where. To legalize, this property would need under $10,000 additional investment.
These are some of the prices we're seeing in Brantford, when equivalent Hamilton properties would be $420-430,000.
This one needs a kitchen and 2nd bedroom walls in the basement. Everything else is there; even the driveway is legal!
Brantford comes of age
So we've been keeping an eye on Brantford for a couple of years now, but weren't quite ready to recommend it as a place for our investor clients.
However, recent activity there is leading us to consider Brantford very seriously. Just look at the sample properties in the left column. This is what Hamilton looked like two or three years ago. And the thing that was holding us back? Our inability to prove good rent rates.

Now, looking at three properties completed by one of our renovation partners in Brantford, we are starting to consistently see higher rent rates. They're not quite comparable to Hamilton but we're not paying as much for the houses.

We tried this tactic in St. Catharines but it balanced out: lower purchase price but lower rents. In Brantford, right now, we're seeing lower purchase prices but higher rents. If you're interested, fill out the form at the right and we'll set up a tour for you.
Hamilton the new Brooklyn
Millennials are the largest population group in Canadian history and they are going to carry the housing market in the coming decade. But there's a problem:

"Toronto's real estate is not slowing down, and based on the incomes of many millennials, they are not able to afford housing and they're being priced out of the market," said Ron Sally, broker of record and owner of REMAX Millennium Real Estate."Part of that is the millennials entering the housing market are compounded by high rates of student debt, higher living costs, rising property values and greater job insecurity, all of which amplify the effects of unaffordable housing in their lives."  more
Enhanced platform to boost Canadian home buyers' searches
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Last week, the Canadian Real Estate Association and real estate information portal Local Logic have announced a new partnership which will see the latter provide property-specific neighborhood data for over 300,000 advertised listings.

Local Logic will buttress Canada's largest real-estate website, REALTOR.ca, with crucial information such as proximity to transportation hubs and vital services, along with CREA's precise data on neighborhood discovery and noise levels, nearby facilities like shops and schools, and many others. more
Would you rather be right, or successful?
Seven huge mistakes investors make when running the numbers
Three mistakes all fresh RE investors make/