RAHB REALTORS® Release November 2019 Statistics

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 955 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in November 2019. November sales are down from October and September, but up from November 2018 by 5.5 per cent. The average price for residential properties increased by 5.6 per cent from November 2018 to $591,334.

Follow the links below for:




Niagara North


Ontario REALTOR® Party Conference & Trust in Real Estate Services Act, 2019

From Sunday, November 17 to Tuesday, November 19, delegates from RAHB went to Toronto for OREA’s ORP Conference to hear some dynamic speakers and meet with elected officials from within RAHB’s market area. Below are some photos from the conference, as well as information regarding the new legislation that was introduced at Queen’s Park on Tuesday, November 19, 2019.

RAHB delegates (RAHB President Bob Van de Vrande, GR Vice-Chair Dave Zalepa and GR Chair Margaret Reid) had the pleasure of meeting with NDP leader Andrea Horwath, MPP. RAHB provided Ms. Horwath with information about RAHB, as well as information regarding the modernization of REBBA, 2002.

Trust in Real Estate Services Act, 2019

Personal Real Estate Corporations.

We have been fighting for them for almost a decade.

For far too long, REALTORS® have not had access to the same tax treatment as most other regulated professions in Ontario and that is finally changing.

The Government of Ontario has just introduced legislation that will modernize the Real Estate and Business Brokers Act, 2002 (REBBA). The Trust in Real Estate Services Act, 2019, is a game-changing piece of legislation that, once passed, will allow REALTORS® to form Personal Real Estate Corporations.

This is a historic day for Ontario REALTORS® and the buyers and sellers they represent.

In addition to permitting Personal Real Estate Corporations, the Act promises to:

  • Fix the broken real estate disciplinary system – the provincial regulator, RECO, will have greater ability to suspend or revoke licenses and pursue investigations of the worst offenders.
  • Create higher education standards–  implement specialty certifications for REALTORS® that will allow Ontario consumers to identify REALTORS® who have training or expertise in a particular area of real estate.
  • Maintain a consumer’s right to choose the REALTOR® they know and trust– continue to permit the practice of multiple representation.

The Act will bring forward a number of other key changes to reflect real estate in Ontario today. OREA will be sharing the details of all the changes with Ontario REALTORS® shortly.

For more information from OREA, please visit https://www.orea.com/News-and-Events/News-and-Press-Releases/Press-Releases/November-19-2019.

RAHB Annual Election Information

In accordance with RAHB Bylaw Article 14 – Notices, Section 1.02, please find below your electronic copy of the Notice of Election Meeting for the December 4, 2019 Annual Election Meeting.

Wednesday, December 4, 2019
Michelangelo Events and Conference Centre
1555 Upper Ottawa Street, Hamilton
Registration 8:30 a.m. | Meeting: 9:30 a.m.
Click the below button for the complete Notice of Meeting Package (including RAHB Proxy, Standing Rules, and Meeting Minutes for March 27, 2019).

Candidates for the 2020 RAHB Board of Directors

In accordance with RAHB Bylaw Article 5, Section 7.03, the final slate of candidates for the 2020 Board of Directors was being sent to all members on November 20, 2019. Please click on the below button for the report from the Nomination Committee, including the list of six candidates:

How to Vote Online

Advance electronic voting is available November 26, 27 and 28, 2019 commencing a 12:01 a.m. on the first day and ending at 11:59 p.m. on the last day. Video presentations from the candidates and candidates’ profiles are also available on this site.

To view the candidate videos and to vote, please click the below button:

Online Voting & Candidate Videos

RAHB Annual Election Meeting & Guest Speaker

This year’s Election Meeting will feature CMHC’s Senior Analyst, Anthony Passarelli, who will be speaking on the Housing Market Outlook report that was released on October 24, and providing specific information on the Hamilton-Burlington area.

This is exclusive to RAHB members only, and is free for members who attend and participate in the election meeting. There will be a $10 + HST charge to your RAHB account:

  • If you pre-register for the meeting and CMHC Housing Market Outlook, but do not attend, and do not cancel prior to Wednesday, November 27, at 4:30 p.m., OR
  • If you attend the CMHC Housing Market Outlook only.

On the agenda:

  • Hot breakfast
  • Presentation of Scholarships in Memory of Karan Barker
  • Election Meeting
  • RAHB Year in Review
  • Special presentation by CMHC’s Anthony Passarelli
  • Installation of 2020 Board of Directors

Register Now

If you have any questions, please contact Carolyn in the RAHB office at carolyni@rahb.ca or 905.529.8101 x236.

Hope to see you at the Annual Election Meeting!

Habitat Hamilton & Halton Build Day

On October 30 and November 8, RAHB volunteers participated in a Habitat for Humanity Halton and Hamilton Build Day, respectively.

The October 30 Build Day with Habitat for Humanity Halton was in conjunction with RAHB’s $38,763.35 donation through HOAP, which was funded by RAHB REALTORS®. The Habitat for Humanity Halton Build Day featured nine fantastic RAHB volunteers who worked together to put up drywall.

Also, RAHB was asked by Habitat for Humanity Hamilton to come back to their Waterdown Build Site to help put up a special type of fence that helps to reduce the sound coming from Highway 5. This November 8 Build Day featured seven amazing RAHB volunteers who braved weather as low as -5 degrees!

Thank you to everyone who volunteered their time in RAHB’s three Build Days to help create stable and affordable housing in Hamilton and Burlington this year.

Debunking First-Time Home Buyer Myths

Below are buttons with resources that you can download to give to your clients to make them feel as prepared as possible. Please click the buttons below to download a list of what to bring to the first meeting with a mortgage specialist, as well as a list of key terms that they may hear when purchasing a home:

The HGTV Effect

Twenty years after it first premiered on September 30, 1999, HGTV’s House Hunters continues to offer an idealized glimpse into a far from the truth process of purchasing one’s first home.

On House Hunters we tend to see either the classic nuclear family that is looking to move onto bigger and better things compared to their first family home or the newlyweds looking to move into a house that reflects their respective parents’ homes. In summary, shows like House Hunters create an on-screen utopia that far from mimics the current housing market; as well as, perpetuates many of the classic myths about first-time home buyers.

More often than not, shows on HGTV have a first-time home buyer couple with a very modest budget accompanied by what can be imagined as a very modest income. While at the same time, this couple wants a granite counter-top, a pool in the back yard, a walk-in closet and finally, enough bedrooms for their growing family — all within their modest budget.

However, this is not the reality for most first-time home buyers today. While speaking with a mortgage specialist from TD Bank, he argued that first-time home buyers today have normalized expectations because of the stress test. Although first-time home buyers are used to living in their parents’ homes, they understand the importance of not being “mortgage poor.”

As REALTORS®, it is important to continue to de-bunk myths perpetuated by the media. A great way to accomplish this is to help your client be as prepared as possible when going to their first meeting with a mortgage specialist.

Secondary Suites — An Affordable “Gold Mine” for a First-Time Home Buyer

Currently, Canadians are struggling to find affordable housing options close to their workplace and family. As a result, the conversation about “affordable housing” has become a reoccurring topic for all the levels of government. As a result, it is important to ensure that when talking about affordable housing, the proper terminology is being used when speaking towards housing that is affordable vs. social housing.

According to the Canada Mortgage and Housing Corporation and RAHB, spending more than 30 per cent of before tax income on housing is unaffordable. It does not solely refer to social or subsidized housing. RAHB is advocating for elected officials and governments to use the proper terminology of “affordable housing” in policies and officials documents, and when speaking to the media.

Secondary suites are an untapped market that enables homeowners to create affordable rental spaces. The creation of affordable rental units will help to stimulate the rental market, while also helping to reduce the homeowner’s expenses.

Dr. Frank Clayton, senior research fellow, Center for Urban Land Research and Development at Ryerson University, argues that secondary suites are the most cost-effective way to create rental units. Below are the estimated costs* to create a rental unit:

  • Secondary Suite in Existing Dwelling = $55,000
  • High-end Downtown Area  = $425,680
  • Median Central (Not Downtown) = $345,746
  • Basic Fringe  = $242,623
  • Non-Profit = $229,00 – $266,000

* The above costs are based on the Toronto Market Area.

A secondary suite is a great way for a first-time home buyer client to help subsidize monthly mortgage payments, while at the same time, helping to create more affordable rental units within the RAHB area.

However, to create a legal rental unit within the RAHB market area has become increasingly difficult. Thus, it is important that as REALTORS® you continue to speak about the importance of secondary suites and how they can help the RAHB market areas become more affordable not just for first-time home buyers, but for everyone.

For more information about affordable and social housing, please click the button below:

RAHB REALTORS® Release October 2019 Statistics

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,145 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October 2019. October sales are up from September and August, as well as up from October 2018 by 6.4 per cent. The average price for residential properties increased by 7.1 per cent from October 2018 to $602,029.

Follow the links below for:




Niagara North


First-Time Home Buyer Incentive

Officially launched in September, the First-Time Home Buyer  Incentive was created to help qualified first-time home buyers reduce their monthly mortgage payments. Overall, the First-Time Home Buyer Incentive was created to make owning a home for the first-time a reality.

So, how does the First-Time Home Buyer Incentive actually work?

The incentive is not interest-bearing and does not require ongoing payments. The incentive helps to create a more affordable monthly mortgage payment for the first-time home buyer. The Government of Canada will offer incentives for:

  • 5% of a first-time buyer’s purchase of a re-sale home
  • 5% or 10% for a first-time buyer’s purchase of a new construction

It is important to remember that the first-time home buyer will need to repay the incentive. The first-time home buyer can repay the incentive in full at any time or if the property is sold after 25 years — whichever happens first. The repayment of the incentive is based on the property’s current fair market value, multiplied by the incentive percentage amount:

  • If they received a 5% incentive and the value of the home increased to $300,000, the payback would be $15,000
  • If they received a 10% incentive and the value of the home decreased to $150,000, the payback would be $15,000

How to know if your client can actually qualify for the First-Time Home Buyer Incentive?

  • Are they a Canadian citizen, permanent resident or a non-permanent resident who is legally authorized to work in Canada?
  • Do they have a maximum qualifying household income of $120,000 per year?
  • Is at least one borrower is a first-time home buyer?

Additionally, a first-time home buyer can come in many different forms:

  • Has never purchased a home before
  • Experiencing a breakdown of a marriage or common-law partnership
  • In the last four years, did not occupy a home with a current spouse or common-law partner that either owned.

Please click the button below for more information on the First-Time Home Buyer Incentive:

Educational Session – Building New Rental Housing in Halton Region

Wondering how you can be more effective in advancing the development of affordable or assisted rental housing in Halton Region? Looking for some “tools” and resources? Just looking to network and learn more?

Monday, November 4, 2019
9 a.m. – 12 p.m.
Dakota Room
Halton Regional Centre
1151 Bronte Road (external link)
Oakville, Ontario

They will have short presentations from experts in the field on the following:

  • Construction and takeout financing for Non-profits – Housing Investment Corporation (HIC), Joshua Broadhead, Chief Underwriter and Housing Services Corporation staff
  • National Housing Strategy funding/financing programs (Seed, CoInvestment, Rental Construction financing) with Canada Mortgage and Housing Corporation (CMHC), Anthony Adrien
  • Ontario Non-profit Housing Association’s “Ready Set (re)Build” 2-day course that we are looking to host on December 12-13, 2019 with Fred Beaver, Education and Research Advisor (ONPHA)
  • Understanding the impact on municipal and regional planning policies and zoning for your development site with Joe Nethery, Manager – Community Planning, Halton Region
  • Rent supplement and tenant funding/placement opportunities, Andrew Balahura, Director Housing Services Social & Community Services, Halton Region
  • Upcoming opportunities for 2020, Sarah Phillips, Senior Policy Analyst, Halton Region

RSVP to s.phillips@halton.ca to attend!

RAHB REALTORS® Release September 2019 Statistics

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,020 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in September 2019. September sales are down from August and July, but are up over September 2018 by 3.2 per cent. The average price for residential properties increased by 8.5 per cent from September 2018 to $609,562.

Follow the links below for:




Niagara North


RAHB Christmas Closure

Below are the dates RAHB will be closed in December for the holiday season:

December 24 – at noon
December 25
December 26
December 27
December 31 – at noon
January 1 2020