MarketWatch March B 2013-sm - Rob Golfi
MarketWatch March B 2013-sm - Rob Golfi
MarketWatch March B 2013-sm - Rob Golfi
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<strong>Rob</strong> <strong>Golfi</strong><br />
Sales Representative<br />
<strong>March</strong> 18, <strong>2013</strong> - Vol 49a<br />
P R E S E N T E D B Y T H E G O L F I T E A M<br />
WHAT’S INSIDE:<br />
Senior<br />
Downsizing<br />
Can be<br />
Overwhelming<br />
PAGE 7<br />
R DOWNSIZING SENIOR DOWNSIZING SENIOR DOWN<br />
R DOWNSIZING SENIOR DOWNSIZING SENIOR DOWN<br />
113 Mountain Park Avenue, Hamilton, ON<br />
See page 9 for details.<br />
HOME EVALUATION<br />
NO COST • NO OBLIGATION<br />
Grimsby, Lincoln<br />
West Lincoln &<br />
Niagara Listings<br />
PAGE 5<br />
905-575-7700 • 905-945-0188<br />
Hamilton, Stoney<br />
Creek, Ancaster,<br />
Dundas & Glanbrook<br />
Listings<br />
PAGE 9
Page 2 The <strong>Golfi</strong> Team Real Estate Market Watch <strong>March</strong> 18, <strong>2013</strong><br />
About <strong>Rob</strong> <strong>Golfi</strong> WHAT’S ONLINE<br />
Since the inception of his career in 1997, <strong>Rob</strong> <strong>Golfi</strong> has<br />
recognized that understanding his clients’ needs is essential to<br />
providing excellent service. Married 25 year with four children,<br />
<strong>Rob</strong> understands a family’s wants and needs.<br />
As business grew, <strong>Rob</strong> assembled the <strong>Golfi</strong> Team in an effort to<br />
maintain the same level of professionali<strong>sm</strong> clients have come to<br />
expect. Shortly thereafter in 2003, the team received the<br />
prestigious honour of being among the top 100 Real Estate<br />
Teams for RE/MAX Canada, and this status continues to date.<br />
<strong>Rob</strong>’s experience and aggressive negotiating skills have earned<br />
him every major honour awarded by RE/MAX, including<br />
President’s Club, 100% Club, Platinum Club, Chairman’s Club,<br />
Hall of Fame in 2003, the Lifetime Achieve ment Award in 2006,<br />
his SRES ® designation in 2009 and the Diamond Club Award in<br />
2010. Having worked with many of the industry’s professionals<br />
over the years, he has the necessary edge to best negotiate the<br />
sale of your home.<br />
Any agent can list your house, but <strong>Rob</strong>’s knowledge, extensive<br />
marketing background and dedication gives clients peace of mind<br />
when dealing with the single most important investment in their<br />
lives. With years of combined experience, the <strong>Golfi</strong> Team can<br />
provide your home with a level of exposure that most agents<br />
cannot. Utilizing a team approach also means that they will likely<br />
find a purchaser to buy your home sooner, rather than waiting<br />
for other agents to approach you with potential buyers.<br />
Ranked in the top 5 of nearly 2,000 sales agents in the Hamilton-<br />
Burlington and Niagara areas, listing with <strong>Rob</strong> and the <strong>Golfi</strong> Team is<br />
the right choice when choosing someone to represent your best<br />
interest.<br />
KEEP IN<br />
TOUCH<br />
<strong>Rob</strong> and Sue <strong>Golfi</strong><br />
Read more on www.<strong>Golfi</strong>Team.com<br />
www.<strong>Golfi</strong>Team.com<br />
See what’s on our blog this week!<br />
Visit www.golfiteam.com and<br />
click on the BLOG tab.<br />
False Grow Op Rumour<br />
Kills House Sale<br />
Who Gets Family Home When<br />
A Marriage Breaks Down?<br />
ALSO:<br />
The latest listings in Hamilton,<br />
Stoney Creek, Grimsby & Niagara area<br />
Get daily updates on Real Estate<br />
locally and across Canada.<br />
FOLLOW US!<br />
www.facebook.com/golteam/<br />
The <strong>Rob</strong> Gol Team Remax<br />
www.twitter.com/robgol<br />
The <strong>Rob</strong> Gol Team REMAX<br />
www.youtube.com/golteam<br />
GolTeam<br />
http://pinterest.com/robgol/<br />
The <strong>Rob</strong> Gol Team ReMax
<strong>March</strong> 18, <strong>2013</strong> The <strong>Golfi</strong> Team Real Estate Market Watch Page 3<br />
WHAT OUR CLIENTS SAY...<br />
“Dear Heather Reid and the <strong>Golfi</strong> Team,<br />
Neil and I would like to express our gratitude for<br />
everything you have done for us in the sale and closing<br />
of our home on Fennell Avenue in Hamilton.<br />
Far beyond getting it sold, given the situation of our<br />
relocation to a distant city, and not being able to take<br />
care of many of the <strong>sm</strong>all details a property seller<br />
would, your initiative and willingness to jump in and<br />
take are of these details was above and beyond the<br />
service we expected of our realtor.<br />
Outstanding Team. Exceptional Results.<br />
100%<br />
Club C Award wa war ar ard rd<br />
Platinum m<br />
Club C wa war arr<br />
1998-<strong>2013</strong> 2002-2012<br />
Award ardd Chairman’s<br />
Club Award<br />
Hall of Fame Award<br />
2003-2012 Inducted 2003<br />
<strong>Rob</strong><br />
<strong>Golfi</strong><br />
Sales Representative<br />
Lifetime<br />
Achievement Award<br />
Diamond<br />
Club Award<br />
Inducted 2006 2010-2012<br />
Burlington<br />
Freelton<br />
Burlington<br />
Freelton<br />
Waterdown<br />
Waterdown<br />
2HAMILTON<br />
Dundas<br />
Dundas<br />
Hamilton<br />
Hamilton<br />
Ancaster<br />
Ancaste ter<br />
Stoney<br />
Niagara<br />
Stoney<br />
Niagara ra<br />
on<br />
on n<br />
the<br />
th the<br />
Mount<br />
Creek<br />
Mount nt<br />
Creek Grimsby<br />
St.<br />
Grimsby<br />
St.<br />
Lake<br />
Catharines<br />
Lake<br />
Hope<br />
Hope<br />
Lincoln Catharines<br />
Lincoln<br />
Binbrook<br />
Binbrook<br />
BURLINGTON<br />
& NIAGARA<br />
West<br />
West<br />
Lincoln<br />
Lincoln<br />
Thorold<br />
Th Thorold<br />
Niagara<br />
Pelham<br />
Niagara a<br />
Pelham Falls<br />
Falls<br />
Welland<br />
Welland<br />
Waineet<br />
Waineet Port<br />
Port<br />
Colborne<br />
Colborne<br />
Fort<br />
Fort t<br />
Erie<br />
Erie<br />
20RE/MAX<br />
TEAM<br />
IN<br />
20RE/MAX<br />
IN CANADA<br />
40RE/MAX<br />
TEAM<br />
40RE/MAX<br />
WORLDWIDE<br />
How The <strong>Golfi</strong> Team Did in 2012:<br />
✓ Number Of Homes Sold in 2012: 313<br />
✓ List Price To Sold Price Ratio: 98%<br />
✓ Average Days On Market: 39<br />
Information based on recorded commissions paid between January and December 2012 from the REALTORS® Association of Hamilton-Burlington. Rankings are compiled from gures submitted by regional and local oces.<br />
Sharon<br />
Stafford<br />
Sales Representative<br />
Heather<br />
Reid<br />
Sales Representative<br />
Hans<br />
Marcellissen<br />
Sales Representative<br />
And of course I cannot close without mentioning<br />
your service as a realtor – selling our home in 3<br />
days after 3 unsuccessful months with a previous<br />
realtor was such a relief! Your professionali<strong>sm</strong>,<br />
knowledge, and drive were very much<br />
appreciated. We would like to extend our thanks<br />
to the entire <strong>Golfi</strong> Team that supports you.<br />
We wish you well and much continued success<br />
in your career! Very well deserved!<br />
–Sincerely, Stacey Pediny & Neil McCraig<br />
Wendy<br />
Murray-Nicholson<br />
Sales Representative<br />
Mike<br />
McNeil<br />
Sales Representative<br />
Kristina<br />
King<br />
Sales Representative<br />
Call Today 905-575-7700<br />
John<br />
Hellicar<br />
Sales Representative<br />
Thank you for the beautiful<br />
flowers! - Heather<br />
Margaret<br />
Berlo<br />
Sales Representative<br />
Dan<br />
<strong>Golfi</strong><br />
Sales Representative<br />
Lynn<br />
Page<br />
Sales Representative
Page 4 The <strong>Golfi</strong> Team Real Estate Market Watch <strong>March</strong> 18, <strong>2013</strong><br />
False Grow op Rumour Kills House Sale<br />
Acouple bailed out of a home<br />
purchase when they heard a<br />
rumour it had been used as a<br />
grow op. That cost them more than<br />
$12,000.<br />
If you learn that your home was once<br />
owned by a drug dealer, must you disclose<br />
that to a potential buyer when you<br />
sell?<br />
Donald and Jodi Dietrich bought a<br />
home in Winterbourne, Ont. in 2001.<br />
They were told by a neighbour several<br />
years later that an earlier owner was a<br />
drug dealer. In 2007, the Dietrichs contacted<br />
Waterloo Regional Police because<br />
they had heard that their property had<br />
been a grow house. The police told them<br />
there was no record of any grow op on the<br />
property.<br />
They sold their home on January 31,<br />
2010 to Mark and Elizabeth Leech for<br />
$655,000, with a $10,000 deposit. The<br />
deal was scheduled to close on May 14,<br />
2010. They did not say anything about<br />
the rumours, but before closing, the buyers<br />
also heard that a prior owner was a<br />
drug dealer.<br />
The Leechs also went to the<br />
Waterloo Regional Police who told them<br />
the property had been identified as having<br />
a “clandestine or secret lab”. On<br />
Gianni Leonetti<br />
Leonetti Consulting<br />
<strong>March</strong> 29, 1995 a large quantity of hash<br />
oil was seized at the property although<br />
police did not find any grow operation or<br />
meth lab.<br />
The Leechs wanted out of the deal.<br />
They argued that since the sellers must<br />
have known about this, they had a legal<br />
duty to disclose it and since they didn’t,<br />
the deal was off.<br />
The Dietrichs claimed they knew<br />
nothing about a grow operation or meth<br />
lab, but the deal didn’t close. The Leechs<br />
sued for the return of their $10,000<br />
deposit and the Dietrichs sued for damages<br />
suffered in not being able to close<br />
the deal, which came to $12,237.68.<br />
In Small Claims Court, the Leechs<br />
submitted a <strong>March</strong>, 1995 newspaper article<br />
that suggested seven pounds of hash<br />
oil was seized, and a police report that<br />
said a room beneath the garage may have<br />
been at one time a hydroponic grow<br />
room. The police report suggested that<br />
charges were laid against several people<br />
as a result of that criminal investigation.<br />
Deputy Judge Sebastien Winny of<br />
the Kitchener Small Claims Court determined<br />
on October 17, 2012 that a prior<br />
owner of the property manufactured<br />
some hash oil in the garage as a clandestine<br />
or secret laboratory. No evidence was<br />
Gianni Leonetti began his career<br />
in 1997 with RBC Insurance and is currently the<br />
president and founder of Leonetti Consulting for<br />
the past 10 years. He is an active member of<br />
Advocis, The Financial Advisors Association of<br />
Canada, and a past member of the MDRT Million<br />
Dollar Round Table, professional organizations.<br />
Gianni develops and consults on wealth<br />
building strategies and works closely with legal<br />
and accounting professionals. He incorporates tax<br />
efficient insurance structures such as insurance<br />
trusts, corporate planning and estate planning<br />
solutions in his practice, for the benefit of his<br />
clients and their families.<br />
PINTEREST-ING!<br />
Great ideas pinned weekly!<br />
www. pinterest.com/robgolfi<br />
Brushed Aluminum Blinds with Chocolate Tapes from<br />
Budget Blinds in Grimsby<br />
provided that those activities caused any<br />
damage to the property. There was no<br />
proof of there having been any marijuana<br />
grow operation or meth lab on the property.<br />
The judge also found that the sellers<br />
had no actual knowledge of anything<br />
related to the drug manufacturing except<br />
the rumour from the neighbour. The<br />
information the sellers received from the<br />
police suggested the rumour was false.<br />
There was no duty on the seller to disclose<br />
vague, unsubstantiated rumours.<br />
As such, the judge held that the buyers<br />
had no legal justification for refusing<br />
to close, so the sellers were given all<br />
damages that they proved as a result of<br />
the buyers not closing, including extra<br />
rental costs and lost wages in dealing<br />
with the matter. If the sellers did have<br />
actual knowledge about a grow house op<br />
or meth lab on the property, they would<br />
have been required to disclose this information.<br />
If you are thinking about buying a<br />
home that used to be a grow house operation,<br />
there may be damage caused by<br />
excess moisture. You will need to make<br />
sure the property has been remedied and<br />
certified by a company that provides<br />
these services. This could also require<br />
Gianni is currently pursuing the CLU designation,<br />
Chartered Life Underwriter and the TEP<br />
designation, Tax and Estate Practitioner, which<br />
will further enhance his knowledge and skill set.<br />
Gianni serves on the board of directors of the<br />
Halton Women’s Place, CIBPA ( Canadian Italian<br />
Business Professionals Association of Hamilton<br />
Halton ) and the Advocis Hamilton chapter.<br />
Gianni lives with his wife Christine and their<br />
son Gianluca in Stoney Creek. He is a fitness<br />
enthusiast and an avid golfer that enjoys a great<br />
round of golf with friends and business associates.<br />
Contact Gianni at 905-690-5052, ext. 251<br />
or email him at gianni@leonetticonsulting.com<br />
43 Practical Bathroom<br />
Organization Ideas<br />
Check out the Before and<br />
After. universalconcepts.ca<br />
www.golfiteam.com<br />
having the electrical system inspected<br />
and cleared by the Electrical Safety<br />
Authority. This will be the minimum<br />
required by any insurance company.<br />
Mark Weisleder is a Toronto real<br />
estate lawyer. Contact him at<br />
mark@markweisleder.com<br />
Crossword Solution<br />
"Open basement." What an<br />
amazing idea; instead of hiding<br />
your basement make it a<br />
reverse foyer. Stunning.<br />
www.<br />
pinterest.com/<br />
robgolfi
<strong>March</strong> 18, <strong>2013</strong> The <strong>Golfi</strong> Team Real Estate Market Watch Page 5<br />
<strong>Rob</strong> <strong>Golfi</strong>*<br />
grimSby $349,900<br />
40 Viking Drive<br />
LAKESIDE COMMUNITY – 4 Level side split w/open &<br />
inviting floor plan, features large eat-in kitchen, cozy family<br />
room w/gas fireplace, updated shingles 2010, furnace 2012,<br />
updated vinyl windows, updated carpet, ceramics &<br />
porcelain tiles, rough-in central vacuum.<br />
$1323.27 per/mth P&i / o.a.C.<br />
beamSviLLe $429,900<br />
4359 Tamarac Avenue<br />
QUIET COURT LOCATION – This 4 bedrm 2 storey home<br />
has everything you’re looking for, open concept, gorgeous<br />
hardwood floors in living/ dining room & family room, gas<br />
fireplace, 3 tier patio deck in landscaped back yard, new<br />
shingles in 2011, updated vinyl windows, & oversized lot.<br />
$1625.82 per/mth P&i / o.a.C.<br />
WeSt LiNCoLN $379,900<br />
8530 Silver Street<br />
CHARACTER HOME Circa 1865 – Sitting on 1.22 Acres,<br />
4 bedrm, 2 bathrms, over $200,000 in updates, beautiful<br />
pine plank flrs, large country size kitchen, updated vinyl<br />
windows, newer furnace & C/air, inground pool, 20x32 ft<br />
hobby barn + dble car garage 15 min drive to Hamilton.<br />
$1436.73 per/mth P&i / o.a.C.<br />
grimSby $799,900<br />
2 Shoreline Crescent<br />
LAVISH TOP TO BOTTOM - Elegant home on Lakeside<br />
Crescent. The new owner will reap the benefits of this over<br />
improved custom reno’d home w/waterfront views. Features<br />
entrance w/marble floors, designer kitchen w/oak cabinets,<br />
granite counters, stone backsplash, cherry hardwood floors.<br />
$3025.11 per/mth P&i / o.a.C.<br />
grimSby $459,900<br />
23 Tunbridge Crescent<br />
9 year old One Floor Beauty. Open concept home features<br />
hrdwd, cer & carptd bed. Main flr family room with<br />
walkout to fenced in back yard with spacious deck.<br />
Basement is professionally finished with oversized recroom,<br />
bathroom, bedrooms & office space<br />
$1739.28 per/mth P&i / o.a.C.<br />
Grimsby, Lincoln<br />
West Lincoln & Niagara<br />
WeSt LiNCoLN $399,900<br />
5798 Sixteen Road<br />
19th CENTURY CHARM -sitting on 1.11 acres, great rm<br />
addition w/cathedral ceilings & gas fireplace, remodelled<br />
kitch, Original pinewood & oak floors, 40x40 work shop<br />
w/800 sq.ft. mezzanine, newer shingles ‘10 & new furnace,<br />
& mostly updated vinyl windows.<br />
$1512.37 per/mth P&i / o.a.C.<br />
beamSviLLe $779,900<br />
5109 Leonard Crescent<br />
9.2 acres on Escarpment bench, surrounded by trees is minutes from<br />
town. Secluded 1900 sq.ft. bungalow features stained oak hrdwd flrs,<br />
large liv. rm with showcase fireplace. Flr to ceiling sliding doors lead<br />
to backyard oasis overlooking Lake Ontario. C/A, vinyl windows &<br />
shingles in the last 10 yrs, & oversized 23x23 ft. double garage.<br />
$2949.47 per/mth P&i / o.a.C.<br />
grimSby $649,900<br />
643 Ridge Road West<br />
Country living at its best! 1.3 acres and features<br />
beautifulhardwd flrs, oak staircase, professionally finished<br />
basement,master bedrm with large ensuite, double garage<br />
with directaccess to basement, updated vinyl windows,<br />
furnace 2010,shingles 2006, 9000 gal cistern under garage.<br />
$2457.83 per/mth P&i / o.a.C.<br />
beamSviLLe $599,000<br />
4130 St. George’s Drive<br />
New Hampton Model home! 3000 sq.ft. of pure luxury,<br />
loaded w/upgrades. Open concept w/hardwood, ceramic &<br />
porcelain flrs. Kitchen w/granite counters, glass backsplash<br />
& island. DR boasts coffered ceilings & wainscoting.<br />
Master bdrm w/double walk in closets & spa bathroom.<br />
$2265.33 per/mth P&i / o.a.C.<br />
Niagara-oN-the-Lake $259,900<br />
104 Young Crescent<br />
Beautifully decorated 3 bdrm, townhouse in desirable<br />
Niagara on the Green. Main floor offers HW floors, large<br />
living room with gas fireplace, open concept kitchen, dining<br />
room. Large 2 tiered deck off patio doors. Centrally located<br />
w/QEW access, close to Niagara Falls & Niagara College.<br />
$982.91 per/mth P&i / o.a.C.<br />
grimSby $324,900<br />
5 Hazelwood Avenue<br />
RARE FIND! Beautiful 2+1 BR on a 50x207 ft. lot, in<br />
family neighbourhood. Updates: roof ‘11, soffits & eaves,<br />
patio, gas bbq hook up, 2 baths redone, kitchen, & freshly<br />
painted. Fin. basement with new rec room, 3rd bdrm/games<br />
room. Laundry, large workshop & detached single garage.<br />
$1228.73 per/mth P&i / o.a.C.<br />
FREE MARkET EvAluATIoN<br />
Your home could be worth<br />
more than you think!<br />
905-945-0188<br />
grimSby $649,900<br />
253 Ridge Rd<br />
Spectacular Stately home sitting on 1.26 acres minutes to<br />
downtown Grimsby. Features 3+2 bedrooms, 3 bathrooms,<br />
gorgeous, updated, new designer kitchen, all season<br />
sunroom, professionally finished basement. Nothing has<br />
been spared. A must see.<br />
$2457.83 per/mth P&i / o.a.C.<br />
beamSviLLe $454,900<br />
4024 Bush Crescent<br />
Outstanding and immaculate! This Hillside Estate home<br />
shows beautifully. Featuring maple kitchen with breakfast<br />
island and butler’s pantry to dining room. 9 ft ceilings, 8 ft<br />
wide sliding doors to fenced and landscaped yard with large<br />
12 x 34 ft deck.<br />
$1720.37 per/mth P&i / o.a.C.<br />
Call Today 905-945-0188<br />
St. CathariNeS $264,900<br />
13 Leonard Drive<br />
Beautiful 2 storey family home features 3 BRs, 1.5 baths,<br />
solid maple hardwood floors, gas fireplace in LR, large DR,<br />
patio door to private large yard complete w/oversized shed<br />
& hot tub. New roof in 2011, Beam Central Vac., Custom<br />
Blinds, & California Shutters.<br />
$1001.81 per/mth P&i / o.a.C.<br />
grimSby $309,900<br />
683 Ridge Road West<br />
Beautifully decorated 3+1 bedroom bungalow. Updates<br />
include granite kitchen counters, newer roof, furnace 07,<br />
updated windows, entry doors, and patio door. Large 16 x<br />
28ft. deck off kitchen. Rec room with wood burning<br />
fireplace, office area, great room, laundry, and storage.<br />
$1172.00 per/mth P&i / o.a.C.<br />
St. CathariNeS $409,900<br />
8 Westport Avenue<br />
Prestigious area, walking distance to Port Dalhousie. Impressive<br />
open concept layout. Main level has hardwood flooring, living<br />
room with a wood burning fireplace, large family room surrounds<br />
eat-in kitchen w/plenty of countertops, cabinets, pot drawers &<br />
pantry storage. 2 patio doors lead to deck and private backyard.<br />
$1550.18 per/mth P&i / o.a.C.<br />
viNeLaNd $254,900<br />
3927 Durban Lane<br />
Beautiful open concept bungalow features hardwood<br />
&ceramics on main floor, oak staircase, California<br />
shutters,garden doors to large deck & a sunny main floor<br />
den. Landlease <strong>2013</strong> /mth $372.84 and maintenance fee<br />
$164 or $107/mth.<br />
$964.00 per/mth P&i / o.a.C.<br />
jordaN $547,000<br />
2869 Prince William Street<br />
Beautifully restored circa 1908 craft<strong>sm</strong>an home which once was a post office,<br />
general store and train station in the Village of Jordan. Currently used as a two<br />
family home & is a legal triplex. The exterior of the home has been<br />
refurbished in the last 10 yrs including furnace, roofs, hot water heater, all<br />
plumbing & electrical. New sewer & water lines installed in 2012. Antique<br />
hardwood pine plank flooring throughout the main level w/the master suite<br />
offering a field stone wood-burning fireplace.<br />
$2068.68 per/mth P&i / o.a.C.
Page 6 The <strong>Golfi</strong> Team Real Estate Market Watch <strong>March</strong> 18, <strong>2013</strong><br />
P R E S E N T E D B Y T H E G O L F I T E A M<br />
Municipal Year-to-Date Statistics<br />
Feb. 2012 vs Feb. <strong>2013</strong><br />
Based on sales data on all home sales from october 2011 vs october 2012,<br />
ReaLtoRS association of Hamilton-Burlington<br />
YTD Comparison Listed Expired Sold Average Selling Average Days Selling % of<br />
AREA Feb. <strong>2013</strong> / 2012 YTD YTD YTD Price on Market List Price<br />
ANCASTER <strong>2013</strong> 145 28 61 $442,785 67 98%<br />
(DISTRICT 42) 2012 121 33 67 $448,284 60 98%<br />
BURLINGTON <strong>2013</strong> 642 71 372 $453,392 37 98%<br />
(DIST. 30 to 36 & 38) 2012 668 36 440 $454,316 35 98%<br />
DUNDAS <strong>2013</strong> 70 3 47 $379,353 45 99%<br />
(DISTRICT 41) 2012 65 10 57 $353,578 79 97%<br />
GLANBROOK <strong>2013</strong> 103 15 41 $315,857 57 97%<br />
(DISTRICT 53) 2012 95 16 48 $348,419 61 98%<br />
GRIMSBY <strong>2013</strong> 77 11 45 $388,144 62 97%<br />
(DISTRICT 54,55) 2012 87 19 56 $332,012 60 97%<br />
HAMILTON EAST <strong>2013</strong> 144 17 109 $207,021 51 96%<br />
(DIST. 23,24,27,28,29) 2012 165 28 124 $188,669 58 97%<br />
HAMILTON MTN <strong>2013</strong> 317 37 225 $272,518 50 97%<br />
(DIST. 15,16,17,18,25,26) 2012 341 57 256 $260,815 53 975<br />
HAMILTON CTRL <strong>2013</strong> 235 48 167 $168,225 54 96%<br />
(DIST. 13,14,20,21,22) 2012 252 67 166 $148,119 51 97%<br />
BEAMSVILLE <strong>2013</strong> 43 4 24 $261,637 42 97%<br />
(DISTRICT 981) 2012 32 12 25 $272,891 59 97%<br />
WEST LINCOLN <strong>2013</strong> 18 2 6 $346,917 79 96%<br />
(DISTRICT 56,58) 2012 16 3 10 $340,880 57 97%<br />
SMITHVILLE <strong>2013</strong> 11 1 7 $212,714 67 95%<br />
(DISTRICT 57) 2012 16 6 8 $273,112 64 98%<br />
STONEY CREEK <strong>2013</strong> 191 31 119 $322,177 48 98%<br />
(DISTRICT 50,51,52) 2012 204 32 132 $301,457 58 98%<br />
P R E S E N T E D B Y T H E G O L F I T E A M<br />
Avg $ Avg $ Y/Y %<br />
Province Jan <strong>2013</strong> Jan 2012 Change<br />
Canada $354,754 $347,732 2.00%<br />
British Columbia $514,134 $528,646 -2.70%<br />
Alberta $361,524 $342,572 5.50%<br />
Saskatchewan $274,253 $260,726 5.20%<br />
Manitoba $240,115 $227,807 5.40%<br />
Ontario $372,330 $357,766 4.10%<br />
Quebec $265,806 $259,497 2.40%<br />
New Brunswick $153,368 $149,479 2.60%<br />
Nova Scotia $224,322 $211,421 6.10%<br />
Prince Edward Island $149,218 $146,214 2.10%<br />
Newfoundland & Labrador $284,028 $274,070 3.60%<br />
Yukon $328,425 $376,286 -12.70%<br />
Northwest Territories $405,483 $429,429 -5.60%<br />
Provincial Year-to-Date Statistics<br />
January 2012 vs January <strong>2013</strong><br />
outstanding Team. Exceptional Results.<br />
Call 905-575-7700 today!<br />
www.golfiteam.com
<strong>March</strong> 18, <strong>2013</strong> The <strong>Golfi</strong> Team Real Estate Market Watch Page 7<br />
Senior Downsizing can be overwhelming<br />
Downsizing one's home can be<br />
very demanding physically,<br />
mentally and emotionally.<br />
This is the case especially for seniors as it<br />
involves a lot of planning, packing and<br />
letting go of emotional ties to the home.<br />
There are several reasons why seniors<br />
downsize. Most seniors want to<br />
move to a <strong>sm</strong>aller home because they feel<br />
that their house is too big. When their<br />
kids move out and it becomes an empty<br />
nest, it becomes tougher and tougher to<br />
maintain a big house as they age. While<br />
some sell their house to move to a retirement<br />
community or other senior care<br />
facilities, there are other seniors that prefer<br />
to move to a <strong>sm</strong>aller house or apartment.<br />
The decision to downsize is not an<br />
easy one. Moving to a new place is<br />
always hard to deal with especially with<br />
all the memories shared in the home over<br />
the years. However, the most challenging<br />
aspect when seniors downsize is still<br />
packing, as most seniors would agree. It<br />
will be very tough to decide on which<br />
things to bring and which things to throw<br />
away, leave or sell. One has to accept that<br />
the new home will be <strong>sm</strong>aller, therefore,<br />
it is impossible to bring all the things that<br />
have been accumulate over the years.<br />
Senior Downsizing tips to<br />
Make Downsizing For Seniors<br />
Less Stressful and easier:<br />
1. Check the Layout of the new<br />
Place<br />
To help seniors downsize, it will be good<br />
to find out the layout for the new place in<br />
advance so you know how much space<br />
the senior will have. This will help you<br />
and your senior loved one decide on what<br />
will fit and things you can bring.<br />
2. Sort Wisely<br />
When a senior decides to downsize, help<br />
the senior avoid clutter. Be sure to help<br />
your senior loved one sort out his or her<br />
belongings. Separate the things that the<br />
senior uses and things that your senior<br />
loved one barely uses or does not need at<br />
all.<br />
3. one Room at a time<br />
When packing, start with rooms that the<br />
senior uses the least, as it will have less<br />
emotional attachments like attic, garage,<br />
bathroom, etc.<br />
4. Keep a List<br />
Dowsizing can be very overwhelming as<br />
there are tons of things to do. In order to<br />
stay organize it is important to keep a list<br />
so you do not forget anything.<br />
5. Determine the things to:<br />
• Keep<br />
• Give to family and friends<br />
• Sell/Donate<br />
• Throw away<br />
6. organize a Family Get together<br />
When a senior decides to downsize, it will<br />
be nice to organize a family get-together<br />
so the senior can distribute his or her<br />
things among family members. Remind<br />
your senior loved one to share his or her<br />
memories before giving out the item so<br />
your friend or family member would<br />
know and understand its importance. This<br />
will make family and friends appreciate<br />
the senior's generosity even more.<br />
7. take pictures<br />
It's a good idea to take pictures of important<br />
things the senior will leave behind.<br />
This might make the "letting go" process<br />
much easier for seniors.<br />
8. Where is the new Place?<br />
If you will be moving to an assisted living<br />
facility, cooking utensils and dinner<br />
plates will no longer be needed. Donating<br />
it to social services or other charitable<br />
organizations will be a good idea.<br />
<strong>Rob</strong> <strong>Golfi</strong><br />
Sales Representative<br />
905-575-7700<br />
Seniors Real estate Specialist is a<br />
designation for REALTORS® to address the<br />
needs of home buyers and sellers, age 50-plus.<br />
If you are buying or selling a home, contact <strong>Rob</strong><br />
<strong>Golfi</strong> today.<br />
9. is a Senior Mover necessary?<br />
If you're helping a senior loved one<br />
downsize, you will be able to help decide<br />
whether or not a senior mover is needed.<br />
Seniors who downsize usually hire senior<br />
movers if they want to bring their furniture<br />
and other heavy things to te new<br />
place. Senior moving companies specialize<br />
in senior moving needs. They will<br />
help make the downsizing and the transi-<br />
Call Today 905-575-7700<br />
R DOWNSIZING SENIOR DOWNSIZING SENIOR DOWNS<br />
R DOWNSIZING SENIOR DOWNSIZING SENIOR DOWN<br />
1) the <strong>sm</strong>art money is on non-traditional<br />
lenders. Another wave of mortgage<br />
lending rules has many Canadians<br />
looking at non-traditional lenders: those<br />
not federally regulated. As trained, accredited<br />
mortgage brokers, we’re always scouting<br />
out the best options, so we can help<br />
more Canadians achieve their homeownership<br />
dreams.<br />
2) avoid rollovers. That’s when your<br />
mortgage comes up for renewal and you<br />
just roll it over with your current lender. If<br />
you are auto-renewed at posted versus discounted<br />
rates, the difference can be hundreds<br />
of dollars a month. At renewal, you<br />
have a moment of opportunity to shop<br />
around, and make every last dollar count.<br />
Contact us for the best range of options.<br />
3) Polish your credit. A low credit<br />
score can prevent you from getting the<br />
lowest mortgage rate. That’s why it’s so<br />
important to have good credit behaviours,<br />
like paying your bills on time. Don’t let<br />
your credit accounts exceed 30% of the<br />
credit available. Before you cancel any<br />
credit card, get advice. And don’t apply for<br />
a store card just to save on your purchase<br />
that day!<br />
4) Consolidate to drive down debt.<br />
If you are carrying a large amount of highinterest<br />
debt outside your mortgage, this<br />
may be the time to roll that debt into a lowrate<br />
mortgage while you can. This one,<br />
<strong>sm</strong>art strategy could save you thousands in<br />
interest payments and boost your monthly<br />
cash flow. We can analyze your situation to<br />
see if you can benefit.<br />
5) Get Rate Watch. Many people are<br />
sitting on-edge, waiting for a rise in rates<br />
that could trigger a wave of activity.<br />
Subscribe to our rate updates so you can<br />
stay on top of any shifts in the market –<br />
and respond quickly.<br />
tion easier as most of these senior moving<br />
companies help in organizing and sorting<br />
the possessions of the senior. Check the<br />
Internet or Yellow Pages for listings of<br />
Senior Movers.<br />
10. Relax.<br />
Everything is done! You can now relax<br />
with your senior love one. Assure your<br />
elderly loved one that he or she made the<br />
right choice to downsize.<br />
top ten Mortgage tips<br />
for <strong>2013</strong><br />
6) Get ready now for higher rates.<br />
No one can predict when rates will start to<br />
rise. If you are buying or renewing now,<br />
consider what rates and your morgage payment<br />
might be when you renew. If you can,<br />
set your payment up to that higher amount,<br />
you’ll avoid payment shock down the<br />
road, and pay your mortgage off faster!<br />
7) Speed up your mortgage paydown.<br />
Take every opportunity to beat<br />
down your mortgage principal. Build a<br />
plan to take advantage of your lender’s<br />
prepayment privileges! Consider changing<br />
from monthly payments to weekly or biweekly<br />
payments, and take some or all of<br />
your tax refund and put it against your<br />
mortgage principal.<br />
8) Reno & roll. The right renovation<br />
might be all it takes to turn the house<br />
you’re in, into the home of your dreams. It<br />
is almost always less expensive to renovate<br />
than to relocate – if an upgrade to your<br />
lifestyle is what you’re after! We can show<br />
you how you can roll large renovation<br />
costs into your mortgage, and use your<br />
prepayment privileges to pay it off faster.<br />
9) Get flexibility with a re-advanceable<br />
mortgage. This is a brilliant mortgage<br />
concept for those who want to pay<br />
down their mortgage – but still have flexibility<br />
in case it’s needed later. With readvanceable<br />
mortgages, you can access<br />
your equity without a fuss should an emergency<br />
expense crop up, or an unexpected<br />
investment opportunity.<br />
10) Get your annual mortgage<br />
checkup. That’s right. Make an appointment<br />
so we can check under the hood of<br />
your mortgage – to make sure everything<br />
is working as it should. A few tweaks now<br />
could pay big dividends in the year ahead.<br />
by Leanne McKinney,<br />
Mortgage Agent, Mortgage Intelligence,<br />
email leanne.mckinney@migroup.ca.
Page 8 The <strong>Golfi</strong> Team Real Estate Market Watch <strong>March</strong> 18, <strong>2013</strong><br />
<strong>Rob</strong> <strong>Golfi</strong>*<br />
StoNey Creek $379,900<br />
167 Montreal Circle<br />
MORE THAN YOU’D EXPECT – This all brick home with<br />
open & inviting flr plan, features maple kitch w/breakfast<br />
island, beautiful hardwd flrs through-out, oak staircase,<br />
coffered 9 ft. ceilings w/pot lights, California shutters,<br />
insulated garage, 3 pc rough-in in basement.<br />
$1436.73 per/mth P&i / o.a.C.<br />
burLiNgtoN $424,900<br />
2413 Emerson Drive<br />
Bronte Woods linked home in The Orchards. Open concept<br />
main level features an eat-in kitch, spacious foyer, & hardwd<br />
flooring, lrg master w/ensuite bathrm & walk-in closet,<br />
fully fenced yard & stone patio area w/access to garage.<br />
Close to all amenities, schools, & parks.<br />
$1606.91 per/mth P&i / o.a.C.<br />
hamiLtoN Ctr $159,900<br />
168 Oak Avenue<br />
VERY UNIQUE! “Country Living” home located on a very<br />
pretty street with fenced yard & patio area situated on a<br />
40’x141’ lot with detached garage. Updated windows,<br />
furnace (09’), basement (’12), bathrooms and kitchen!<br />
Cathedral ceilings lead to loft bedroom & office area.<br />
$604.72 per/mth P&i / o.a.C.<br />
StoNey Creek $274,900<br />
356 Celtic Drive<br />
NEAR SCHOOLS, BUS & SHOPPING! 3 bedroom home<br />
in a desirable neighbourhood, features sunken family rm with<br />
cathedral ceiling & gas fireplace, professionally finished<br />
basement w/gas fireplace, master bedrm w/ensuite & walkin<br />
closet, new furnace & c/air 2011, new shingles 2007.<br />
$1039.63 per/mth P&i / o.a.C.<br />
hamiLtoN mtN $517,900<br />
447 DiCenzo Drive<br />
TRENDY, STYLISH & LUXURIOUS! Maple kit. cabinets,<br />
island & granite counters, HW flrs, oak staircase w/wrght<br />
iron spindles, family rm w/showcase fireplace, 6” baseboards,<br />
crown moulding, 62 pot lights, surr. sound system, energy<br />
star windows, & finished basement w/custom cabinet bar.<br />
$2068.58 per/mth P&i / o.a.C.<br />
Hamilton, Stoney Creek,<br />
Ancaster, Dundas & Glanbrook<br />
burLiNgtoN $424,900<br />
2413 Emerson Drive<br />
Bronte Woods linked home in The Orchards. Open concept<br />
main level features an eat-in kitch, spacious foyer, & hardwd<br />
flooring, lrg master w/ensuite bathrm & walk-in closet,<br />
fully fenced yard & stone patio area w/access to garage.<br />
Close to all amenities, schools, & parks.<br />
$1606.91 per/mth P&i / o.a.C.<br />
hamiLtoN WeSt $259,900<br />
163 Caroline Street South<br />
LARGER THAN IT LOOKS! Very unique layout featuring<br />
an updated kitchen, boiler, roof, wiring, flooring, electrical<br />
panel, windows, doors, bathroom, main floor laundry &<br />
beautiful den/sun room with updated skylights overlooking<br />
private yard!! Bonus double width driveway ($20/year).<br />
$982.91 per/mth P&i / o.a.C.<br />
hamiLtoN mtN $224,900<br />
96 East 39th Street<br />
REMARKABLE, MOVE IN READY! Main floor bedroom<br />
currently used as dining room, updated windows, furnace,<br />
central air, shingles & remodelled kitchen. House is immaculate,<br />
hardwood floors beautifully restored, large backyard, unspoiled<br />
basement, close to buses, schools, and shopping.<br />
$850.54 per/mth P&i / o.a.C.<br />
StoNey Creek $517,900<br />
177 Silverlace Circle<br />
BEAUTY, WARMTH & VALUE – All brick, w/top quality<br />
finishes, maple kitchen cabinets w/granite counters &<br />
breakfast bar, hardwd flrs, fin. basement great for in-law,<br />
master bedrm suite w/additional rm - great for dressing rm,<br />
den, TV rm or nursery, & grand foyer w/spiral maple staircase.<br />
$2068.58 per/mth P&i / o.a.C.<br />
hamiLtoN WeSt $274,999<br />
109 Royal Avenue<br />
Very close to McMaster University. Features 10’ ceilings on<br />
main level, full height basement. Bus stop located at the end<br />
of the street. All amenities in close proximity. Currently<br />
used as a student residence for Ω12 months expires April<br />
30th, <strong>2013</strong>. 24hr notice required for showings.<br />
$1098.39 per/mth P&i / o.a.C.<br />
hamiLtoN $269,900<br />
8 Hale Street<br />
BEAUTIFUL FREEHOLD. Was the Model home.<br />
Upgraded trim, crown mouldings, pot lights, hardwood,<br />
granite counters, oak stairs throughout, balcony off kitchen,<br />
fully fenced yard and island in kitchen w/dishwasher. Shows<br />
great, quick poss. available. Great location. Close to HWY.<br />
$1020.72 per/mth P&i / o.a.C.<br />
StoNey Creek $179,900<br />
108-150 Gateshead Crescent<br />
CHARMING END UNIT – In Gateshead townhouse<br />
community! Immaculate home features updated kitchen<br />
with granite counters, prof. finished basement with 2 pc<br />
bath, enclosed patio, freshly painted, many updates done<br />
recently from condo corp, plenty of visitor parking.<br />
$680.36 per/mth P&i / o.a.C.<br />
hamiLtoN mtN $692,900<br />
113 Mountain Park Avenue<br />
SPECTACULAR VIEWS! Custom rebuild, large foyer, rich<br />
hardwood, gourmet kitchen w/granite island & S/S appl.<br />
4 bedrms, two 6 piece baths, covered deck w/ view of city,<br />
Toronto & Lake. Great rm & dining rm both w/limestone FP.<br />
Balcony off Master Bedrm. Short walk to Juravinski hospital.<br />
$2620.45 per/mth P&i / o.a.C.<br />
hamiLtoN Ctr $94,900<br />
2607-150 Charlton Avenue East<br />
Cozy 1 BR condo w/escarp.views. Updates incl. toilet &<br />
soaker tub & all flooring. Amenities incl. indoor salt-water<br />
pool, games rm, exercise rm, ldry facility w/14 washers &<br />
dryers (updated w/swipe card payment equipment), steam<br />
sauna & party rm. Underground parking avail. $40/mth.<br />
$379.05 per/mth P&i / o.a.C.<br />
StoNey Creek $459,900<br />
20 Spartan Court<br />
TUCKED AWAY ON QUIET CUL-DE-SAC! 2-storey<br />
home backing onto forestry w/complete privacy, features<br />
incredible open floor plan, lrg family rm w/showcase gas<br />
fireplace, hardwd flrs on main level, master bedrm w/luxury<br />
ensuite & walk in closet, fenced yard, & main flr laundry.<br />
$1836.92 per/mth P&i / o.a.C.<br />
www.golfiteam.com<br />
hamiLtoN eaSt $350,000<br />
867 Beach Blvd.<br />
Waterfront lot 42.5ft x 149ft. Build your dreamhome! All<br />
services to the lot line. Enjoy the beach community with<br />
jogging and cycling path, and entertain in your sandy beach<br />
back yard. Beautiful view of Toronto sky line. Call for more<br />
details.<br />
$1323.65 per/mth P&i / o.a.C.<br />
hamiLtoN Ctr $147,000<br />
120 Duke Street, Unit #601<br />
Spacious 2 bedroom, 1.5 bathroom condo close to the go<br />
station, university and hospital. Building amenities: Indoor<br />
salt water pool, fitness room, hot tub, sauna, party room,<br />
underground parking for owners & visitors!<br />
$555.93 per/mth P&i / o.a.C.<br />
burLiNgtoN $429,900<br />
5255 Lakeshore Rd. Unit#42<br />
Charming 2 storey townhouse "NEWPORT Village", just<br />
steps from the Lake, parks & shopping. Features updated<br />
kitchen, hardwd flrs, crown moulding throughout, spacious<br />
priv. rear patio (20 x 11'). Master BR w/ensuite bath & walkin<br />
closet, finished basement. Furnace & A/C updated Nov ’09.<br />
$1625.82 per/mth P&i / o.a.C.<br />
StoNey Creek $369,900<br />
20 Blue Mountain Drive<br />
JUST AMAZING! Prev. model home, features stylish kitch<br />
w/granite counters, HWflrs, oak plank stairs with wroughtiron<br />
spindles, showcase fireplace w/built-in TV screen, master<br />
bedrm w/ensuite, speaker system through-out, underground<br />
sprinkler system, & a professionally finished basement.<br />
$1477.44 per/mth P&i / o.a.C.<br />
hamiLtoN eaSt $169,900<br />
117 Fairfield Avenue<br />
BUNGALOW WITH FAMILY ROOM ADDITION. Two<br />
good sized bedrooms w/a large family room, lots of parking,<br />
updated windows, shingles, furnace, C/A, kitchen & wiring.<br />
Needs TLC in decorating & cleaning. Great Value. Close to<br />
highway access & shopping.<br />
$678.61 per/mth P&i / o.a.C.
<strong>March</strong> 18, <strong>2013</strong> The <strong>Golfi</strong> Team Real Estate Market Watch Page 9<br />
<strong>Rob</strong> <strong>Golfi</strong>*<br />
hamiLtoN Ctr $269,900<br />
107 Garfield Avenue South<br />
USED AS A TWO FAMILY! 1 bedroom on main floor,<br />
porch & laundry room, $850/mth w/1yr lease from Oct<br />
2012. 2nd/3rd floor two bedrm w/ensuite, granite, gas FP,<br />
ldry room $875/mth(vacant). New H/E boiler (gas on equal<br />
bill $106/mth). Steel roof, windows & doors 2008.<br />
$1078.02 per/mth P&i / o.a.C.<br />
hamiLtoN Ctr $129,900<br />
157 Province Street North<br />
SUPER BUY STARTER HOME! 3 bedrm home located close<br />
to schools, major shopping & bus routes. Open concept<br />
kitchen w/breakfast bar, cozy sep. dining rm, updated laminate<br />
flooring, fin. basement w/3 pc bath, fenced yard w/covered<br />
back porch. Home needs paint brush & elbow grease.<br />
$518.84 per/mth P&i / o.a.C.<br />
GOLFI<br />
Hamilton, Stoney Creek,<br />
Ancaster, Dundas & Glanbrook<br />
hamiLtoN mtN $159,900<br />
36 Poplar Avenue<br />
LOCATION, LOCATION! Walk to Juravinski, steps to<br />
mountain brow and shopping. Loads of character and<br />
perfect for a young couple! This property features beamed<br />
ceilings, private back yard, front and back porch, updated<br />
100 amp panel, and kitchen. Great rental location!<br />
$638.67 per/mth P&i / o.a.C.<br />
hamiLtoN Ctr $289,900<br />
673 King St. East<br />
LOCATION LOCATION! This incredibly maintained 2200<br />
sq.ft. corner property with commercial frontage and 2 add’tl<br />
apts features fantastic income, close to Cathedral high<br />
school, new roof 4yrs new, 14 ft ceilings, hardwd flrs, full<br />
basement with newer wiring & parking space in the back.<br />
$1157.91 per/mth P&i / o.a.C.<br />
Concrete & Drain Ltd.<br />
Specializing in all types of concrete work:<br />
• Exposed, stamped & sandblast<br />
• Basement floor, garage floor, porch, steps, walkways & patios<br />
• Concrete removal & repairs<br />
• Installation of inside drains<br />
• Custom design for residential & commercial<br />
• Fully insured, fully licensed<br />
Call for a FREE estimate today<br />
905-662-4022<br />
www.golficoncreteandrain.com<br />
SAVE 10%<br />
when you<br />
mention this ad &<br />
book for <strong>2013</strong>!<br />
hamiLtoN WeSt $469,900<br />
1 Mountain Avenue<br />
Awesome duplex – Circa 1903 with thousands spent on new<br />
maple kitchen with ceramic backsplash, sparkling updated<br />
bathroom, new & refinished hardwood floors, furnace,<br />
C/air, shingles, fascia, eaves & vinyl windows 2012, 4 car<br />
parking, separate hydro meters, steps from trendy Lock St.<br />
$1876.86 per/mth P&i / o.a.C.<br />
SOLD ANOTHER ONE<br />
StoNey Creek $348,900<br />
92 Greenstem Crescent<br />
3 BR Desantis “Lakeshores” model in Lakepointe Community.<br />
Main floor has 9 ft. ceilings, open concept Living Rm w/gas<br />
FP, hdwd flrs, sep dining room, eat-in kitchen with bkfst bar,<br />
& fenced yard. BR level laundry, master w/walk in closet &<br />
ensuite. Framed in & prewired basement.<br />
$1393.56 per/mth P&i / o.a.C.<br />
Call Today 905-575-7700<br />
hamiLtoN mtN $299,900<br />
723 Templemead Drive<br />
CHARM WITH A CAPITAL “SEE”! 2 storey home with<br />
fully finished basement in fantastic condition, hardwood and<br />
new carpeting on stair case and upper level, large kitchen,<br />
separate dining room, most windows updated 2011,<br />
shingles 6 years new, fenced yard, and close to all amenities.<br />
$1237.79 per/mth P&i / o.a.C.<br />
StoNey Creek $549,900<br />
39 Sasha Court<br />
TRENDY AND STYLISH! This move in ready 6 yrs. new,<br />
2 storey, 4 bedroom home boasts maple kitchen with granite<br />
counters & breakfast bar, 9ft ceilings, hardwood floors,<br />
show case fireplace in family room, fully landscaped with<br />
coloured concrete drive. Shows like a dream.<br />
$2196.39 per/mth P&i / o.a.C.<br />
FREE MARkET EvAluATIoN<br />
Your home could be worth<br />
more than you think!<br />
905-575-7700
Page 10 The <strong>Golfi</strong> Team Real Estate Market Watch <strong>March</strong> 18, <strong>2013</strong><br />
Competitive Pricing<br />
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Certied Arborist<br />
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Tree Surgery & Cabling<br />
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Mortgage Planner<br />
fala português<br />
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651 Fennell Avenue East<br />
Hamilton, ON L8V 1T9<br />
T 905.574.9200 x 218<br />
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E margaret.whorwood@mtgarc.ca<br />
www.mtgarc.ca/margaretwhorwood<br />
paul.settimi@cogeco.net<br />
www.golfiteam.com<br />
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Grimsby, Ontario L3M 1R4<br />
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<strong>March</strong> 18, <strong>2013</strong> The <strong>Golfi</strong> Team Real Estate Market Watch Page 11<br />
Who gets the Family Home when a Marriage<br />
Breaks Down?<br />
When families break up there, there are plenty of issues, including who gets the matrimonial home.<br />
Without a marriage contract,<br />
most assets accumulated<br />
by a couple will be divided<br />
50-50 on separation. But in order to minimize<br />
the impact of divorce on a family,<br />
in many cases one spouse stays in the<br />
house with the children while the other<br />
spouse leaves.<br />
This is a tricky question. Although<br />
you can appraise a home and a business<br />
and put values on them, the tax treatment<br />
for each is very different. For example,<br />
let’s say you have a home and business<br />
and each are appraised at $500,000. They<br />
were each purchased for $100,000. When<br />
you sell a business, you will have to pay<br />
tax on any gain that you made. Yet when<br />
you sell your home, which is your principal<br />
residence, no tax will be payable.<br />
Therefore, in most cases, a home that is<br />
appraised the same as a business is actually<br />
worth more than the business. This<br />
Crossword Puzzle<br />
(Solution on Page 4)<br />
Across<br />
1 Product used for washing clothes (4,6)<br />
7 Lessen (8)<br />
8 Run off (4)<br />
9 Small sandpiper — fastening device (4)<br />
10 Part of the skull (7)<br />
12 Expressed briefly (2,1,8)<br />
14 Giant California conifer (7)<br />
16 Very — very large (4)<br />
19 Aromatic herb (4)<br />
20 Scholar — of no practical relevance (8)<br />
21 Central Asian country, capital Tashkent<br />
(10)<br />
must be taken into account when negotiating<br />
any division of property.<br />
Can one spouse be forced to move<br />
out?<br />
Each married spouse has the equal<br />
right to live in the family home. Let’s say<br />
the house is registered in the wife’s name<br />
alone. They decide to separate. The wife<br />
cannot demand that her husband leave. If<br />
this cannot be worked out amicably, then<br />
the couple will likely have to go to court<br />
to get an order as to whether one spouse<br />
leaves, or whether the home is sold and<br />
the money divided.<br />
Does it matter who stays in the house?<br />
In many cases, upon separation, one<br />
spouse will move out of the family home.<br />
It will still require the permission of both<br />
spouses to either mortgage or sell the<br />
home, even if they are not on title.<br />
However, while the spouse who lives in<br />
Down<br />
1 Film of spilled oil (5)<br />
2 US state, home to the Grand Canyon<br />
(7)<br />
3 Moonlight escape? (4)<br />
4 Terse saying (8)<br />
5 Small, delicate, mischievous and<br />
attractive (5)<br />
6 Follow-up film, book etc (6)<br />
11 Cause to function without direct human<br />
control (8)<br />
12 Portugal and Spain, together (6)<br />
13 Huge achievement — highest climb (7)<br />
15 Strauss's dance (5)<br />
17 Place in the right relationship (5)<br />
18 Caspar, Melchior and Balthasar (4)<br />
the home will not be paying any rent, the<br />
spouse who moves out will have to pay<br />
rent in another location, and will likely<br />
still be responsible for 50 per cent of the<br />
mortgage and other expenses in the matrimonial<br />
home.<br />
Can the spouse who stays put a<br />
mortgage on the home and keep the<br />
money?<br />
The answer is no. Even if you leave<br />
the home, and even if the property is registered<br />
solely in the spouse’s name who<br />
stays, you cannot mortgage a family<br />
home without the permission of both<br />
married spouses.<br />
Do common law spouses have the<br />
same rights?<br />
The answer is no. Common law<br />
spouses have no entitlement to a share in<br />
a family home, unless their name is on<br />
title, or if they can prove that they have<br />
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We listen. We understand. We make it work.<br />
• Helping with Mortgages, Loans, Debt Consolidation,<br />
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contributed financially to the purchase of<br />
the home. If you are buying a home with<br />
your common law partner, you must get<br />
your name on title to protect yourself.<br />
Family lawyer Elliot Birnboim of<br />
Toronto also tells me that when one<br />
spouse gets possession of the family<br />
home, this will also affect child and<br />
spousal support calculations.<br />
The lesson here is to obtain expert<br />
family law advice before you make any<br />
decision about what to do with your family<br />
home if you decide to separate. The<br />
goal should be to balance what will be<br />
best for all members of the family, while<br />
also ensuring that any property is divided<br />
fairly.<br />
Mark Weisleder is a Toronto real<br />
estate lawyer. Contact him at<br />
mark@markweisleder.com<br />
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