june 2015 issue 112

WHAT’S INSIDE:HOMES FOR SALE | PAGE 4Hamilton, Stoney Creek, Ancaster,Dundas & Glanbrook

LUXURY & WAtERFRONt | PAGE 8

HOMES FOR SALE | PAGE 6Grimsby, Lincoln, West Lincoln & Niagara

The Answer to HousingUnaffordability :ImmigrationPAGE 3

June 2015 - Vol 77

NO COST • NO OBLIGATIONNO COST • NO OBLIGATION

HOME EVALUATIONHOME EVALUATION905-575-7700 905-945-0188905-575-7700 905-945-0188

Grimsby’s Farmers Market Open for Season!

We Keep Getting Better! A sure signof spring is the return of the market withthe opening day on Thursday May 28quickly approaching. We have a lot ofnew activities and events planned for themarket this year. Check out our Calendarto see what we have planned. Returningthis year are several of our local wineriesoffering a selection of their VQA wines foryour sampling and purchase. This two yearpilot project of the Provinical government

and the Grape Growers of Ontario were awelcome addition to our farm fresh marketlast season and we look forward to wel-coming them again. Make sure you putsome time aside every Thursday to seewhat we have in store for you this year.The Grimsby Farmers' Market was estab-lished in 2008 in response to a growingdemand by the residents of Grimsby toenjoy the freshness of local products fromthe Niagara Region. Set up as a "Home

Grown" Market, our vendors grow theirown products and take the time to answerall the questions of the shoppers at themarket. Our new, expanded marketmoved to Main Street in Grimsby, betweenChristie and Ontario Streets and we arecelebrating our fifth season on the street.The venture has linked the market vendorswith the merchants of the GrimsbyDowntown. The market is home to morethan 40 local farm vendors and features

local farm fresh vegetables, fruit, honey,maple syrup, preserves, flower, vegetableand herb plants, perennials, cut flowers,artisan breads made with whole and organ-ic grains, home baking, natural fed chick-en, and beef as well fresh eggs and localcheeses. Come share in the fun at ourMarket! Like us on our new Facebookpage, Grimsby Farmers' Market and keepup to date on all that is happening at themarket.

Call Today 905-945-0188

The Golfi Team Real Estate Market Watch June 2015

www.GolfiTeam.comCheck out our redesigned website for all

the latest information in Real Estate!

COMING FEBRUARY!

| Rob Golfi | 905-575-7700

Seniors Real Estate Specialist

is a designation for REALTORS® to address the needs of

home buyers and sellers, age 50-plus.

where the future takes shape

Rob GolfiSales Representative

905-575-7700

If you are buying or selling a home,

contact Rob Golfi today.

Recognized as the mark of accomplishment in luxury markets around the

world, the Certified Luxury Home Marketing Specialist (CLHMS) designation

assures affluent buyers and sellers that the agents who have earned it have

the knowledge, experience, competence – and confidence –they require.

Real Estate Specialist

LUXURY PROPERTIESSaLES SPECIaLIST

Rob GolfiSales RepresentativeLuxuryLuxury

Hamilton, Stoney CreekAncaster, Dundas & Glanbrook

Rob Golfi*

Call Today 905-575-7700

Page 4 The Golfi Team Real Estate Market Watch June 2015

Gorgeous city and waterviews!Character filled home with many modern touches. Large 4bedrooms, 2.5 baths, lovely sun room with city views. Lowerlevel rec room and 4 piece bath. 1.5 detached garage with longdrive, in-ground pool, new kitchen, bathroom, heating/cooling/wiring and much more.144 Mountain Park Avenue, Hamilton | $539,900

Bring your cheque book! Gorgeous 2 storey all brick home. Fabulous open conceptkitchen. Numerous upgrades throughout. Many featuresincluding; 2 living areas on the main floor, 4 generous sizedbedrooms, hardwood floors, fireplace, deck and crownmouldings. Easy Hwy access!10 Peachwood Court, Stoney Creek | $409,900

Newly renovated top to bottom, inside &out! Two story home steps to mountain brow, 4 BRs, 3 full & 1 halfbaths, oversized fully fenced yard w/party deck, new maplekitch w/granite & island, sep. dining rm, main flr ldry. New roof,windows, doors, flooring, electrical…& more.65 Sunning Hill Avenue, Hamilton | $689,900

Hip condo luxury!The “Bayview” offers 1133 sqft of exquisite living space. Insuite features include 10` ceilings, quartz counters tops.Upgrades include flooring, trim, bathroom hardware,appliances, window coverings & more! Rooftop patio w/landscaping and an amazing view of the city and Escarpment.Minutes to McMaster University and HWY. walk to trendyLocke street, shopping and restaurants. 427 Aberdeen Avenue, Unit #503, Hamilton | $379,900

Definitely not a drive by!4 bedrm family home just a block away from the paved GrandRiver Trail, schools & amenities. Definitely not a drive-by! Thishome is bigger than it looks w/lots of room to grow. This homeoffers water filtration system and central air. Roof & windows2006, upstairs addition 2012 plus others.41 Strathcona Avenue, Brantford | $229,900

Going, Going...Prime Stoney Creek location! Many Updates: siding, shinglesand some windows. Perfect for first time buyers. Extra deepgarage. Hardwood floors, plaster construction, main floorlaundry, 50 x 100 ft. lot, lots of parking, big eat in kitchen. EasyHWY access and Bus line. Call Rob Golfi today at 905-575-7700 for a private viewing or visit my website atwww.robgolfi.com. Thank you for viewing my listing. 174 Cedarvale Avenue, Hamilton | $249,900

Walk to new Stadium!Same Tenant long term. Need 24 hour notice for showings.Tenant pays $700.00 month and all utilities, no lease. Thirdfloor would make a great family room or another bedroom.Seller is selling “AS IS”.752 Cannon Street East, Hamilton | $149,990

Exclusive Scenic Drive! Picture perfect home with a secluded yard backing onto a 5acre protected woodlot. Gorgeous pool and private oasis awaityou. House loaded with character. Many upgrades, kitchen,baths, $30,000.00 on pool 2014.Walk-up from lower level topool.726 Scenic Drive, Hamilton | $559,900

Prime lot with scenic viewsOver 1 acre scenic lot on Hamilton Mountain with two housesoverlooking the city.170 & 180 Concession Street, Hamilton | $1,880,000

Trendy Beach Boulevard!Spectacular & luxurious best describes this awesome beauty!Executive free hold townhome on waterfront trail with topquality finishes through-out, quartz, marble, porcelain, crownmoulding, and oversized terraces, steps away to downtownBurlington & quick access to QEW.1089 Beach Boulevard, Hamilton | $849,900

Live at the Palace 2 bedrooms with solarium and 1.5 baths. Super locationwalking distance to Mapleview Mall and Lakeshore. Buildingoffers 24 hour security, gym, outdoor heated pool picnic andbbq area. This is a no pets building! Locker and undergroundparking. In-suite laundry.1270 Maple Crossing Boulevard, Unit #803, Burlington$249,900

WATERFRONT

Stunning design!This 3200 sq.ft. romantic home with dream lot features widemaple staircase with wrought iron, solid hand scrapedhardwood floors, wonderful family size custom kitchen withgranite counter tops, showcase stone fireplace in family room,in floor heating in bathrooms & more.400 Hamilton Drive, Ancaster | $1,349,000

Hamilton, Stoney CreekAncaster, Dundas & Glanbrook

Rob Golfi*

www.GolfiTeam.com

June 2015 The Golfi Team Real Estate Market Watch Page 5

Quiet lakeside neighbourhood condoImmaculate 1200 sqft., 2 BR unit in fantastic condition hasopen & inviting flr plan w/vaulted ceilings. Features oversizedgreat rm w/gas fireplace & lrg windows looking out to gorgeousLake Ontario, sliding door leading to balcony. Avail. for immed.occupancy.515 North Service Road, Unit #58, Stoney Creek | $399,900

Be your own boss! High Traffic corner location. Established Bowling Alley (5-pin,2-levels) currently. Rear parking plus municipal. May beassembled with 418 Guelph Line for apx. 1 acre of land onbusy corner. Do not go direct. Contact LA for details ofassemblage. 422 Guleph Line, Burlington $2,000,000

Dream hobby farm for horse lovers! Scenic 37+ acre property w/lrg home, barn (4 'soft mat’stables), & run-in. Close to HWY access & city conveniences.Beautiful eat-in kitch, living rm w/wood stove, lrg foyer, 3 BRs& many extras.2832 Glancaster Road, Ancaster | $824,900

Just amazing in every respect THIS CONDO UNIT is a stunning ground floor 2 bedroombungalow, offers $60,000 in luxury finishes, custom kitchenwith granite counters, gas fireplace, professionally finishedbasement, ensuite bath with glass shower and air jet tub,closet organizer. 515 North Service Road, Unit #57, Stoney Creek | $449,900

Attention downsizers, first time buyersand investors! Handy Downtown bungalow, 2 bedroom, furnace in 2011,windows in 2011 and roof in 2000. Close to buses,entertainment and shopping. Being sold "as-is, where-is.”213 Rebecca Street, Hamilton | $169,900

Waterfront gem!Romantic waterfront home, this custom built gem in privatecul-de-sac features, no lawn maintenance w/private pool &balcony something you see in a travel magazine. Open andinviting floor plan, with large sunny bright window, riparianrights and shore protection in place.8 Trillium Avenue, Stoney Creek | $1,100,000

Build any size home you want.FABULOUS FIND - Prestigious 3 acre lot with a 230 ft.frontage and 550 ft. deep. Existing home upgrades includewindows, roof, furnace, air conditioning, siding drilled well andelectrical all within the past 10 yrs. Property also has cisternbut not used at the present time.764 Fiddler’s Green Road, Ancaster | $569,900

Live on the beach!! 135 feet of unobstructed view. All season sunroom w/Lakeviews. Gorgeous second floor deck overlooking Lake Ontario.Many updates include flooring, kitchen, windows, fencing anddriveway. Private parking off Dexter, last driveway on theNorth side.7 Woodland Avenue, Hamilton | $599,900

Custom Built 2 Bedroom all brick home Sitting on one acre with 3 car garage, home features largeliving room, kitchen with granite counters, large island, highend stainless steel appliances, main floor laundry, large masterbedroom, and second kitchen. Hard wood flooring throughout.1489 1/2 – Highway #8, Stoney Creek | $549,900

Fulfill your waterfront dream!Lakefront! 3000 sq ft 3 bedrm, 2 storey. Updates includekitchen with granite, marble floors, windows, ensuite. Centrehall plan with separate dining room, main floor laundry, mainfloor family room. Stunning 79 ft frontage on private road.24 Lakeshore Drive, Stoney Creek | $949,900

The word “Plateau” is in its namesake. Custom home built on half acre lot. Fully finished basementw/second kitchen, 2 cold cellars & walk out, oversized Barzottikitch w/sliding drs leading to pool sized fenced lot, sunkenfamily room, dining rm large enough for any size family.36 Hilts Drive, Stoney Creek | $749,900

Modern minimalist design! 3300 sq ft lakefront home. Modern minimalist design with 3bedrooms, open concept principle rms, balconies on 2 levelsacross the back of the home, tons of windows to maximizelight. Breakwall extra high construction. 51 Windemere Road, Stoney Creek | $989,900

WATERFRONT

WATERFRONT

WATERFRONT

WATERFRONT

OvER 1 AcRE

WATERFRONT

Grimsby, LincolnWest Lincoln & Niagara

Rob Golfi*

Call Today 905-945-0188


$40,000 in upgrades!2 bedroom townhome with approx. $40,000 in upgrades.Upgrades incl: entry level tile floor, oak stairs & railings,updated cabinets & quartz countertops in kitchen &bathrooms, main bath with walk-in glass shower, Moen showerjets and heat lamp. 515 Winston Road, Unit #36, Grimsby | $324,900

Start typing your offers!1400 sq.ft UPGRADED town home , hardwd flrs, custom tile,SS appliances, marble bathrm counters, antique white kitchen& island with soft close drawers. custom ensuite bath w lakeviews $55./mth condo Rd.515 Winston Road, Unit #43, Grimsby | $324,900

Quaint home with friendly price!Here’s your chance to snag a quaint, old home on a 66 x 245ft.lot for a friendly price. The home owner has done some nice“core” work to the house including cabinets, tile, floors, doors,trim & light fixtures. This lot has plenty of size to add onto thegarage or expand the foot print of the home.8917 Thorold Stone Road, Niagara Falls | $199,900

49 Acre hobby farm, 30 acres are bushThis property features a 35x55 ft. galvanized steel barn, largeparking or truck yard with stone and asphalt grindings on top,large 42 ft. drilled well plus Cistern, 3 level side split with largefamily room addition built in 1968, and high basement. Needsa little bit of work to get it looking lived in again. Available forimmediate occupancy. 7683 Young Street, West Lincoln | $499,900

To be built, make it your own!2 storey executive four bedroom home, 2800 sq. feet features9 ft. ceilings, 2 car garage, main floor laundry, large eat inkitchen, ensuite bath with walk in-closet, ceramics, &hardwood floors. Similar “To Be Built,” “taxes “NOT SET.”52 Kenmir Avenue, Lot #46, St. David’s | $749,900

Brick VIctorian on 99.39 acres of veryproductive farm land70 acres workable & 30 acres of bush, large 2.5 storey 4 bedrm brick Victorian farm house with large barn &workshop. New cistern 3yrs, new septic 1 yr, shingles &furnace 4 yrs. Possible 4 acre severance available call fordetails.489 Kemp Road West, Grimsby | $869,900

Move-in ready!Outstanding end unit in impeccable neighbourhood withtrouble-free town home living. Features great open conceptdesign with oversized sun-filled living room, stylish oak kitchenwith sliding doors to private fenced in patio, professionallyfinished basement and walking distance to all conveniences,YMCA, sports facilities and quick highway access.24 Kenyon Court, Unit #34, Grimsby | $294,900

No upgrade has been spared!This Immaculate 2 year old, 3 bedroom, 3 bathroom bungalowwith loft has it all. Granite throughout, maple cabinets inkitchen. Vaulted ceilings, main floor master with ensuite.25x40x14 feet tall Out building with 100 amp service,12x12rollup insulated door and concrete floors.9088 Silver Street, Caistor Centre | $644,900

dwesc4 level side-split w/ fenced in backyard, above-ground pool,3+1 bedrms, 2 full bathrms, eat-in kitchen & all seasonsunroom. Basement has walk-up to back yard, extra bedrm &sun-filled rec rm. Furnace/air, roof, most windows, garagedoor, upstairs bathrm & some pool equip updated. 5093 Hartwood Avenue, Beamsville | $349,900

Views of the Canadian and US shores 5 bedroom home on the most prestigious street in NiagaraFalls includes in-law w/nanny suite, in-ground pool, sunroomw/built in hot tub, landscaped yard w/sprinkler system, eat inkitch, family room w/wood fireplace. Updates: roof ‘12,Furnace ‘13, AC in in-law suite, Water pump 14, interior &exterior painted in ‘12.10185 Niagara River Parkway, Niagara Falls | $819,900

WATERFRONT

Outstanding home on beautiful treed lot Situated in fantastic elevation perched into the NiagaraEscarpment, this custom built 2300 sq.ft. raised ranch haseverything you need, main floor laundry, vaulted ceilings,palladium windows, upgraded wood trim & hardwood privateyard.303 Main Street West, Grimsby | $649,900

Circa 1864 Manor!Beautifully restored country manor with addition on 21.3 acresbordering Beamer Falls and the Bruce Trail. This classic redbrick home is located 5 minutes from Grimsby’s town centre.Call for details.140 Ridge Road, Grimsby | $1,289,900

21.3 AcRES

Lakefront with 16 acres of vines alreadyplanted!Approx 21 acres property. Build your dream on lakefront parcelor create your own winery. Can be purchased with adjoiningLakeside Dr property. Great Opportunity!4921 Sann Road, Beamsville | $1,499,900

Own your own vineyard!Approximately 28 Acres Parcel with 24 acres of vineyardplanted. 6 Acres-Sauv Blanc, 6 Acres-Gamay, 5 Acres-CabSauv, 5 Acres-Merlot, 1 Acre-Chardonnay, 1 Acre-SauvCoronation. Home has had some interior updates & new 3500gallon cistern. 4266 Greenlane, Beamsville | $1,199,900

8 acres of Merlot currently planted withWater Views!Water Views! Approx 19 acre parcel with fantastic views of thewater. Farmhouse currently rented. Great opportunities! Canbe purchased with adjoining Sann Road property. GreatOpportunity! 4558 Lakeside Drive, Beamsville | $1,199,900

Grimsby, LincolnWest Lincoln & Niagara

Rob Golfi*

www.GolfiTeam.com


Rare find - this Exclusive waterfront lotin private enclave.Looking for the right neighbor to build a luxury dream home on140 x 183 ft. lot. Exclusive listing to the Golfi Team. BeautifulWaterfront lot sitting on 140 x 183 ft. lot on private cul-de-sacon the shores of lake Ontario, services include sewers, waterand gas to lot line. 143 Lake Street, Grimsby | $955,000

WATERFRONT

Business Opportunity - RM2 Zoning¾ acre site centrally located in the downtown area, permitteduses; apartment dwelling, boarding or lodging dwelling, homefor the aged, nursing home, group home, private homedaycare. Call for details on permitted uses.Lot #201 Academy Street, Beamsville | $369,900

BUilDiNG lOT

Turn of the century character home!Beautifully finished with rich trim, crown mould, warmhardwoods, French doors, character front porch. Granitekitchen counter, added on family room with kitchenette &office. Carriage house perfect for the live/work environment.3869 Victoria Avenue, Vineland | $374,900

Vacant Commerical Lot – NEW PRICE!VACANT COMMERCIAL LOT 40x140 ft. located walkingdistance to downtown Beamsville and QEW. Services are onthe road. Call Rob Golfi today at 905-945-0188 for a privateviewing. Thank you for visiting my website and I look forwardto hearing from you. 4946 Maple Avenue, Beamsville, $79,000

vAcANT cOmmERciAl lOT

Dorchester Estates sweet spot!Spectacular custom built home backing onto the escarpmentoffering in-ground salt water pool, hot tub, on a prestigiouscourt. Features granite kitch counters, porcelain tiles, stainlesssteel appliances, main flr LR/DR, den or office, bonus great rm,hardwd flrs, lrg master suite. 28 Heathcote Court, Grimsby | $789,900

Large principal roomsAffordable 2+1 bedroom 1990 sq.ft., 2 storey home w/a largefloor plan to make this a country dream home! BONUSseparate 1 bedroom professionally finished bungaloft w/fullkitchen, 3 pc bath, gas fireplace and separate patio w/greatincome potential to cut your mortgage in HALF!4058 Fly Road, Beamsville | $ 309,900

Unique space, completely renovatedThis former church has been completely renovated to include3 possibly 4 bedrooms, open concept living room/ kitchen.Master bedrm creatively situated in one of two loft areascomplete w/bathroom ensuite. Possibilities to work at homew/large family room area perfect for multiple uses!10 Page Street, Port Colborne | $209,900

Freehold townhome - to be built3 storey 1800 sq.ft. freehold townhome features 9ft. ceilings, 3great size bedrooms, master with ensuite and walk-in closet,large eat in kitchen, rear yard backs onto pond, double cargarage and minutes to all amenities. To be built. Taxes are“not set”. Unit # 12, 5072 Cassandra Drive, Beamsville | $319,900

Nearly 30 acres on Twenty Mile CreekNewly built 2 storey home, with in-law sitting on nearly 30acres. 3 bedrm home w/ open concept living, 1 bedrm in-laww/ basement rec rm. Original barn, 43x24 ft garage/workshop& office. Property borders Twenty Mile Creek, beautifullypicturesque.4429 #69 Regional Road, St. Anns | $849,900

WATERFRONT

Call Today 905-575-7700


Luxury Homes & Waterfront Properties

Rob Golfi*

Romantic waterfront gem! This custom waterfront home built on a private cul-de-sacfeatures, no lawn maintenance w/private pool & balconysomething you see in a travel magazine. Open and invitingfloor plan, with large sunny bright window, riparian rights andshore protection in place.8 Trillium Avenue, Stoney Creek | $1,100,000

Modern minimalist design! 3300 sq ft lakefront home. Modern minimalist design with 3bedrooms, open concept principle rms, balconies on 2 levelsacross the back of the home, tons of windows to maximizelight. Breakwall extra high construction. 51 Windemere Road, Stoney Creek | $989,900

Stunning lakefront! Lakefront! 3000 sq ft 3 bedrm, 2 storey. Updates includekitchen w/granite, marble floors, windows, ensuite. Centre hallplan with separate dining rm, main flr laundry, main flr familyrm. Stunning 79 ft frontage on private road.24 Lakeshore Drive, Stoney Creek | $949,900

Nearly 30 acres along Twenty Mile Creek! Newly built 2 storey home, with in-law sitting on nearly 30 acres. 3 bedrm home w/ open concept living, 1 bedrm in-law w/ basement rec rm. Original barn, 43x24 ftgarage/workshop & office. Property borders Twenty MileCreek, beautifully picturesque.4426 #6 Regional Road, St. Anns | $849,900

37+acres for horse lovers! Dream hobby farm for horse lovers! Scenic 37+ acre propertyw/lrg home, barn (4 'soft mat’ stables), & run-in. Close to HWYaccess & city conveniences. Beautiful eat-in kitch, living rmw/wood stove, lrg foyer, 3 BRs & many extras.2832 Glancaster Road, Ancaster | $824,900

Rob Golfi*

WATERFRONT

WATERFRONT 30 AcRES 37+ AcRES

WATERFRONT

Views of the Canadian and US shores 5 bedroom home on the most prestigious street in NiagaraFalls includes in-law w/nanny suite, in-ground pool, sunroomw/built in hot tub, landscaped yard w/sprinkler system, eat inkitch, family room w/wood fireplace. Updates: roof ‘12,Furnace ‘13, AC in in-law suite, Water pump 14, interior &exterior painted in ‘12.10185 Niagara River Parkway, Niagara Falls | $819,900

Dorchester estates sweet spot!Spectacular Custom built home backing onto the escarpmentoffering in-ground salt water pool, hot tub, all on a prestigiouscourt. Features granite kitch counters, porcelain tiles, stainlesssteel appliances, main flr LR/DR, den or office, bonus great rm,hardwd flrs, lrg master suite. 28 Heathcote Court, Grimsby | $789,900

21 Acres - 16 acres vines planted!Approx 21 acres property with 16 acres of vines planted. Buildyour dream on lakefront parcel or create your own winery. Canbe purchased with adjoining Lakeside Dr property. GreatOpportunity! 4921 Sann Road, Beamsville | $1,499,900

Circa 1864 Manor!Beautifully restored country manor with addition on 21.3 acresbordering Beamer Falls and the Bruce Trail. This classic redbrick home is located 5 minutes from Grimsby’s town centre.Call for details.140 Ridge Road, Grimsby | $1,289,900

WATERFRONT 21.3 AcRES

Stunning design!This 3200 sq.ft. romantic home with dream lot features widemaple staircase with wrought iron, solid hand scrapedhardwood floors, wonderful family size custom kitchen withgranite counter tops, showcase stone fireplace in family room,in floor heating in bathrooms & more.400 Hamilton Drive, Ancaster | $1,349,000

Live on the beach!135 feet of unobstructed view. All season sunroom w/Lakeviews. Gorgeous second floor deck overlooking Lake Ontario.Many updates include flooring, kitchen, windows, fencing anddriveway. Private parking off Dexter, last driveway on theNorth side.7 Woodland Avenue, Hamilton | $599,900

Quiet lakeside neighbourhood condoImmaculate 1200 sqft., 2 BR unit in fantastic condition hasopen & inviting flr plan w/vaulted ceilings. Features oversizedgreat rm w/gas fireplace & lrg windows looking out to gorgeousLake Ontario, sliding door leading to balcony. Avail. for immed.occupancy.515 North Service Road, Unit #58, Stoney Creek | $399,900

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We SELL more... because we DO more!

HAMILTON'S housing market is head-ing for a two-year downturn, accordingto the latest statistics from the CanadaMortgage and Housing Corporation.

In its spring outlook report, the agencypredicts housing starts and resales will dipin the region this year and next. Prices,however, will show a comfortableincrease.

CMHC's second quarter outlookreport, released Monday, says builders arescaling back their activity in order to man-age a growing inventory of completed butunsold new homes. Sales of existing hous-es will slow this year and next, but remainabove the 10-year average.

In a news release, CMHC regional ana-lyst Abdul Kargbo said the slowdown hepredicts won't be broadly based —stronger activity is expected in east andcentral Hamilton and in Dundas,Waterdown and Grimsby whileFlamborough, Ancaster and Burlingtonwill see demand cool slightly, especiallyin 2016 when mortgage rates are expected

to drift higher.CMHC predicts housing starts in the

Hamilton-Burlington-Grimsby area willfall from 2,832 in 2014 to 2,660 this yearand to 2,600 next year. Sales of existinghomes are expected to dip from 14,324last year to 13,400 next year.

Average prices during the same periodwill rise just over 7 per cent to $435,000.

The CMHC predictions ring true forfront-line realtors Conrad Zurini ofRe/Max Escarpment, and Judy Marsalesof Judy Marsales Real Estate.

Zurini said his agents are booking10,000 appointments a month, a level ofactivity "that shows me there's still a lot ofdemand in our market."

While he agrees with the overallCMHC trend, Zurini said his own predic-tion for price increases is lower — maybe6 per cent this year.

"We are looking at tempering people'sexpectations a little," he said. "Despitethat, we still had an April that we neverthought was imaginable."

Zurini and Marsales agree rising pricesin Hamilton are a response to lack of sup-ply, not soaring demand for homes.

"It isn't a tsunami of demand that'sdriving prices here, it's a lack of supply,"Marsales said.

Time may solve some of that problem,she added, as more people decide the cur-rent hot market may be the time to sell.

"Our phones are starting to ring withpeople looking to sell," she said.

"We just don't have enough product onthe market to meet the demand that's outthere," Zurini added.

The predicted slowdown in Hamiltonpartly matches the outlook for the rest ofOntario where CMHC is calling forincreased housing activity for the rest ofthis year, followed by a slowing in 2016.

"An improving economy will be moresupportive of the Ontario housing marketin 2015 than it has been in the recentpast," CMHC economist TedTsiakopoulos said in a news release."However, as mortgage carrying costs

continue to grow, particularly for singlefamily homes, demand will increasinglyshift to more affordable housing."

Tsiakopoulos predicted housing startsin Ontario will range between 56,800 and64,200 this year, dipping to between54,500 and 63,600 next year.

Sales of existing homes across theprovince will gradually lead the markethigher with a forecast ranging between192,800 to 218,000 units this year beforeslowing to between 182,900 and 213,400units in 2016.

The CMHC report generally mirrors arecent outlook produced by theConference Board of Canada. That studycalled for sales of 15,672 homes thisyear, an increase of 13.7 per cent over2014. Listings, however, are expected toincrease only 0.1 per cent to 20,520.Average prices are projected to rise eightper cent to $431,188.

Housing prediction for HamiltonPrices forecast to increase 7 percent By Steve Arnold

Contractors going bankrupt mid-renovation a “nightmare” for homeowners: expertsToronto real estate lawyer MarkWeisleder says homeowners won’t gettheir money back and may have cover thecost wages for unpaid independent con-tractors.

A contractor going bankrupt mid-ren-ovation is a “nightmare” situation forhomeowners, experts say.

If a construction company goes bank-rupt mid-project, homeowners aren’tlikely to see their money again, saidToronto real-estate lawyer MarkWeisleder.

“As far as going after the contractor,

there’s very little (homeowners) can do,”he said.

The problem can get even worse forhomeowners if subcontractors haven’tbeen paid. Once an independent contrac-tor has worked on someone’s land, theyhave an automatic right to register a lien— a type of security interest granted overan item of property to secure the paymentof a debt — against its owner, Weisledersaid.

“(Homeowners) know (subcontrac-tors) are doing work on their property,and that’s why they’re responsible for

payment,” he said.Weisleder said he has seen homeown-

ers lose double the money or even theproperty itself when faced with the costof both their lost payments and liens.

Employees working for a bankruptcompany are protected under Ontario’sEmployment Standards Act, said Torontoemployment lawyer David Whitten.Under the act, directors of a bankruptcompany are personally liable for unpaidwages for up to six months. If the compa-ny has no money, the directors’ personalassets will be seized.

The act does not cover independentcontractors, forcing them to file a lien, hesaid.

If employees find themselves in thatsituation, they should file a complaintwith the Ministry of Labour, keeping inmind the ministry can only pay out amaximum of $10,000 per person,Whitten said.

“If you’re owed more than $10,000, ifyou get that close, consider whether youshould still be providing services,” hesaid.

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20 Main Street WestGrimsby, Ontario L3M 1R4

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Laura BielakSales Representative, The Golfi Team 905-575-7700

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Real Estate package special: • home evaluation consultation with color consultation• HD Real Estate photography and aerial photography

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Crossword Solution

if you’d like to learn how Bni(www.bnigh.com) works and what it cando for your business, call or email me [email protected].

i can arrange for you to visit a chaptermeeting close to you so you can see howBni helps members develop referralbusiness relationships.

two Bni chapters in the Gta recentlyreported referral business totaling $1m forthe past year!

“Changing The Way The World Does Business™”

Pamela Culp Blanchard Cell: 905-971-9568 www.seniordownsizing.ca

Senior Downsizing

WE GUIDE YOU THROUGH THE ENTIRE PROCESS

MortgageAmount

MonthlyPayment

Bi-weeklyPayment

200,000 671.89 309.96 220,000 739.08 340.95 240,000 806.27 371.95 260,000 873.46 402.95 280,000 940.65 433.94 300,000 1,007.84 464.94 320,000 1,075.03 495.93 340,000 1,142.21 526.93360,000 1,209.40 557.92

As of June 2015 OAC

2.05%

www.GolfiTeam.com


Crossword puzzle

Across1,5 Game, this riotous

nonsense breaking free intoilet (7,7)

5 See 110 Game, Jack in this

number? (4)11 Bent clip, ivory, moulded

round first of teeth (10)12 Germ doctor tracks in

videoing heart (6)13 Spanish in contrast to

her serenity? (8)14,24 Game to have a go at,

blue then red (5,4,6)16 See 2717 General having fit behind

Churchillian salute (5)19 Broad agreement on

sloppy leadership insurvey (9)

23,26 Game with two hammersfelt frantic (5,3,4,2,4)

24 See 1426 See 2327,16 Game — not entirely

important around one'sschool, as following (4,5)

28 Dazzling charmer, bighitter? (7)

29 is it just for cookingpancakes? Good question(7)

Down2 paramount directed, for

Spooner, a film (4,3)3 Cut stolen by tory,

regularly — he'll take themoney (5)

4 inner area of plantidentified retainingpower, (zero) beforeparty turning up (7)

6 not bright to ignorecapital, making saving (6)

7 this contemplated

surfacing to bandage hit,a rabid sea monster (9)

8 monarch, abandoningsinking boat at sea,comes by (7)

9 Don't stop till you'vefinished — try trottersand all? (2,3,5,3)

15 Solver primarily insupport of clues, notforeign legion (9)

18 a rival to us concealingone's disbelief (7)

20 italian chap claiming fineto accept the delivery(4,3)

21 Spoon perhaps required,as classy figure is raisedon lager, initially (7)

22 Go without watch —about five? (6)

25 Defenceless clergymanupholding mozart'scharacter? (5)

the Solution

6 1 5 7 82 4 9

4 7 2 8 1 59 3 6

8 9 5 3 6 14 2 7

9 1 7 4 3 25 6 8

2 8 3 7 9 46 5 1

5 6 4 1 2 78 9 3

7 2 9 6 5 31 8 4

1 4 6 2 8 93 7 5

3 5 8 9 4 67 1 2

SUDOKUSUDOKU

631578 249

472815 936

895361 427

917432 568

283794 651

564127 893

729653 184

146289 37

358946 712

5

3

Fill in the grid above, so that

each row of 9 squares, each

column of nine and each

section of nine (three squares by

three) contains the numbers

1 through 9 in any order. there

is only one solution for the

puzzle and the numbers shown

can not be changed.

(Solution on )

Housing MarketSupported by OntarioEconomy in 2015TORONTO, May 25, 2015 — Following inclement weather in early 2015, Ontariohousing activity will increase throughout most of 2015 before slowing next year, fore-sees the Second Quarter 2015 CMHC Housing Market Outlook released today. Ontarioannual home starts will range between 56,800 to 64,200 units in 2015 and 54,500 to63,600 units in 2016.

“An improving economy will be more supportive of the Ontario housing market in2015 than it has been in the recent past,” said Ted Tsiakopoulos, CMHC’s OntarioRegional Economist. “However, as mortgage carrying costs continue to grow, particular-ly for single family homes, demand will increasingly shift to more affordable housing”.

Demand is expected to be stronger in resale markets neighbouring the GTA.Strengthening preferences for higher density dwellings as well as for home rental ver-sus ownership are also expected.

Sales of existing homes, typically less expensive than new homes, will graduallylead the market higher. MLS® sales are forecast to range between 192,800 to 218,000units in 2015 before slowing between 182,900 to 213,400 units in 2016. Ontario homeprices will grow at a slower rate over the forecast horizon.

As Canada’s authority on housing, CMHC contributes to the stability of the housingmarket and financial system, provides support for Canadians in housing need, andoffers objective housing research and information to Canadian governments, consumersand the housing industry.

Call Today 905-575-7700www.GolfiTeam.com

Grimsby Branch155 Main St. E. | 905-945-2930

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Vineland Branch3370 King St. | 905-562-7373

Ancaster Branch1100 Wilson Street West | 905-304-6838

Centre on Barton Branch1187 Barton Street East | 905-547-6202

Rymal Road Branch2176 Rymal Road East | 905-692-3597

Hamilton Commercial & Small Business Banking Centre2 King Street West | 905-528-6391

Binbrook Marketplace Branch2537 Regional Road 56 | 905-692-8359

Jackson Square Branch2 King Street West | 905-528-6391

Stoney Creek Branch(Opening Fall 2014)259 Queenston Road

It’s simple. We’ve got your back.Our only reason for being is to make sure that our Members get exactly what they need to build their financial futures. Whatever your goals, your income, your financial knowledge - it doesn’t matter - we make sure we’ve got your back.

Maybe that comes from having Members rather than customers. The difference is that our Members actually own Meridian. And they’ve helped us turn it into Ontario’s largest credit union serving the Personal, Commercial and Small Business needs of our valued Members.

To discover the Meridian difference, visit one of our local branches or commercial and small business banking centres today. We really do like meeting face to face. Guess that’s one more way we’re different.

“So what is it that makes Meridian so

different, anyhow?”

Centre on Barton Branch1187 Barton Street East | 905-547-6202

™Trademarks of Meridian Credit Union Limited.

Binbrook Marketplace Branch2537 Regional Road 56 | 905-692-8359

Ancaster Branch1100 Wilson Street West | 905-304-6838

Jackson Square Branch2 King Street West | 905-528-6391

Rymal Branch & Small Business Banking Centre

2176 Rymal Road East | 905-692-3597

Hamilton Commercial & Small Business Banking Centre

2 King Street West | 905-528-6391

Stoney Creek Branch

Visit meridiancu.ca to learn more or visit the branch closest to you.

june 2015 issue 112

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