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THIS BEAUTY HAS COME TO MARKET

Welcome To

877 Forest Glen Ave, Burlington, ON

This Beautifully Designed French Country Inspired Home

Brings

European Elegance To The Market

This Beautiful French Country Home Could Be Yours..

877 Forest Glen Ave, Burlington, ON Floor Plan

Video Tour

LISTED FOR $2.399,999

4+1 Bedroom

2+1 Bath

~Featuring~

Located On One Of The Limited & Highly Coveted Ravine Lots In Aldershot

Steps Away From The Bay and La Salle Park

Steps To The GO Train

5 Bedrooms Including A Nanny Suite

6 Rooms With The Warm & Cozy Retreat Of A Fireplace (4 Fireplaces)

In-Law Suite Potential

Walk-Out Basement

This multi-level home boasts 3562 sqft (331 sqm) above ground and a total of 5255 sqft (488 sqm) living space.

Beautifully Landscaped

2 Car Garage

Zoned r2.1 ~ Potential For Multi-Family

Interested In Learning More About What Makes 877 Forest Glen Avenue So Special? First And Foremost The House And The Property, Then Secondly… The Area

A Walk Away To The Local Schools..

Aldershot Has Some Of The Top Schools In Burlington Not To Mention They Are Within Walking Distance To 877 Forest Glen Avenue, Burlington, ON

The Local Attractions..

LaSalle Is A Popular Place For Families, Picnics, Boating, Children’s Play, Walking Trails And Most Of All Why You’ll Love Living At 877 Forest Glen Ave, Burlington, ON As You Can Walk There In Minutes.

Enjoy Gardening? Walking Trails? Then You’ll Love The Accessibility To The Royal Botanical Gardens

The Proximity To Everything The World Renown Royal Botanical Gardens Has In Store Is Available To You When You Live At 877 Forest Glen Avenue

Concerned About Commuting? Don’t Be…

877 Forest Glen Is Central To All Major Arteries & The GO Station.

*Please note commuter times may vary based on time of day and traffic conditions.

Are Playing And Watching Sports A Must For You?

When Living At 877 Forest Glen, You Are Within Walking Distance To Almost All Recreational Sports, Not To Mention A 5-10 Minute Drive If You Want To See A Professional Game:)

If you have questions regarding this unique and highly sought after home and property, contact me:

Rachel Craggy

Salesperson

Zoocasa Realty Inc.

T 416-703-0244

E rachel.craggy@zoocasa.com

Buying Or Selling A Home During the Covid Market... This Year Has Been Nothing Short Of Volatile

Were you one of those people trying to buy or sell a home this crazy Covid year?

If you were you likely discovered it has been nothing short of highly volatile compared to previous years with big swings from price drops to record highs. Let’s take a look at 2020 to see what has brought us to where we are today.

Prior to the official government declaration in April that the country is under a viral pandemic and will be officially shutting down, the market was beginning to awaken from a 3 year slumber and housing sales were beginning to boom once again...

At the beginning of 2020 we saw a spike in prices as the market began the return to a seller’s market, something we hadn’t seen in the real estate industry for a few years.

Despite the economy being at a stand still, for which it had been for a number of months, the federal government reduced interest rates and introduced a first-time housing buyer incentive to spur the market...and it worked.

Prior to this buyers had been holding firm. The market was still moving but it was a more balanced market. Buyers who wanted to own a home or upgrade their present residence had been left saving after the introduction of the mortgage stress test.

A measure that incidentally put a hole in consumer’s pockets as they felt the pinch of having their buying power reduced in an instant by approximately 25%. 

However as interest rates were reduced with the start of 2020 which put more money in people’s pockets, this incentivized some renewed confidence in consumers and allowed people to consider once again the reality that they could buy a home they wanted.

The beginning of Covid..

Then Covid.

On March 13th, Trudeau gave a press conference that informed Canadians they would be shutting their doors for 5 weeks due to the seriousness of the “Corona Virus” that had come from China. As the country, began tracking the surge in Covid infections and deaths, this lead to a 3 month shut down in Ontario as schools closed, businesses closed aside from grocery stores and what was deemed “essential” taking us almost to the end of June for most industries before having the opportunity to open once again in June. 

Unfortunately some people had already sold their homes prior to this announcement or had bought a home, those needing to buy or sell were caught in the crossfire.

Home selling was quickly reduced to virtual showings, some buying sight unseen, others had to answer a battery of questions and then were masked, gloved and sanitized (to which we still are) and prices swiftly dropped to almost the previous years prices.

Others were lucky and delayed their closing dates or cancelled their sales/listings because they couldn't find somewhere to move and still others had to swiftly reduce the price of their homes in an effort to sell. This craziness lasted into almost the end of June, fortunately the real estate profession and public at large began adjusting come May.

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Despite Hamilton still remaining relatively unscathed in regard to housing prices and the real estate machine still chugging along. Other cities weren’t as fortunate as you got closer to Toronto and took a hit.

Burlington, ON

Burlington home sales were reduced to a snail’s pace as the number of listings was reduced to approximately 42% of the number of homes selling in March and in turn sales activity dropped by 48%.

We saw the median sale price of homes from March 2020 to April 2020 drop by approximately $110,000 bringing prices back to where the market was a year prior.

As buyers and sellers began adjusting to the new normal, May saw an increase in prices once again. As the number of buyers and sellers on the market fractionally increased it was still not a normal May or June but they were a lot closer to normal than it was in April.

The introduction to summer brought with it an ease on restrictions. As people acclimatized to the new normal and became more confident with the new process we saw a slight increase in homes on the market and we had a new type of buyer on the scene too.

 The Covid Buyer

As people spent almost 3 months isolated within their homes either laid off from work or working from home, it gave people time to reflect and ponder life going forward at the same time, many businesses also adjusted and became accustomed to the reality that they could still be productive if their employees worked remotely. Then for other people they pondered their future and question whether they should ease up on debt, cash in and buy cheaper.

This opened the market up for a new buyer and a new market.

As many buyers focused on finding solace experienced with the freedom to stop and smell the roses, something they didn’t do prior to Covid this meant moving out of the big city centers like Toronto in pursuit of a more affordable price!

After being confined and imprisoned with the mandatory lockdown this desire for more space, preferably green space or need to shave off some debt and live more stress free became a reality for many.

So How Did Our Covid Buyers In Addition To Buyers From A Delayed Spring Impact The Market?

We Had A Buyer Bubble… for lack of a better term

And BOOM.. they were off again.

Ontario hit record sales for the month of August as average sale prices increased by over 23%.

As September came and went with parents, children and schools having to work out the logistics for in-class and virtual learning, the roaring summer momentum continued.

Average days homes sat on the market were down. Sales activity up 48% with average and medium prices up 18% and 15%.

Is There No End In Sight? Will The Housing Market Ever Cool?

How can this be?

There’s been a grumbling of a pending economic collapse but despite overcoming the start of an unconventional school year, there was an uncharacteristic flurry of housing sales where we would normally see a slowdown.

Well we did see a slight slow down as we entered October and I do mean slight.

RAHB (Real Estate Association of Hamilton Burlington) reported 1615 homes sold, down 7.6 percent from September.

But hey! Who wants normal these days!?

As November came and went, we saw Days on Market consistently low BUT look at the average and median prices for November. As median figures show a tendency of where price is generally trending which was fairly on par with October, the average sale price would indicate there was a return to luxury sales which would indicate, yup…. sales of luxury homes.

Generally when the market is slow luxury sales feel the effects first and it is generally longer lasting than lower priced homes.

Could this be an indication of confidence in the economy or is this a sign of people cashing in?

Overall, we will have to wait and see what 2021 brings and how the market plays out for December but based on Day on the Market both charts would indicate homes are moving pretty quickly off the shelves so far..

If you would like to receive a personalized market analysis of your home….

Contact me

Rachel Craggy

Salesperson

KW Edge Realty

O: 905-335-8808

C: 289-828-5897

Hamilton Covid Housing Statistics For October 2020

Hamilton Housing Sales Are Chugging Along Full Steam Ahead

Despite A Global Pandemic

You might be surprised the Hamilton housing is still going strong despite the economic doom and gloom and all the expert nay-sayers but here we are…

Despite a pandemic, the number of sales in Hamilton are up +22% from October 2019 and the prices are also up +21%

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Hamilton Housing Sales Will Vary Even Further

Based On The Style Of The Home

Housing Sales For October 2020 Based On Style

When we looking at home sales, admittedly it is important to factor how the average sale prices are performing, prices will vary and perform differently based on the style of the home as some styles of home are greater demand than others.

Hamilton Housing Performance As Per The Style Of The Home Since 2010

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Hamilton Home Sales Are Strong Regardless Of What Municipality We Look At

It’s Not Just Residential Prices That Are Seeing An Increase…

Commercial Properties Are Too

A snapshot look at a October 2020 versus October 2019 sales comparison for Commercial real estate.

A little real estate humor...

So this funny is a little late, but as many of us in colder climates await the warmer weather to kick off the spring real estate market we put a lot of stock in the prediction of our local groundhogs to tell us when that will be or maybe not.  So here is a little funny I created.  You need to click to page 2 to get the punch line: