may 22, 2013 issue 71
DESCRIPTION
The Golfi Team Market Watch Issue 71TRANSCRIPT
Rob GolfiSales Representative
HOME EVALUATION NO COST • NO OBLIGATION
905-575-7700 • 905-945-0188
34 Norma Crescent, Ancaster, ON See page 8 for details.
WHAT’S INSIDE:
Young EntrepreneursDedicated to Saving LivesPAGE 6
HOMES FOR SALEHamilton, Stoney Creek, Ancaster,Dundas & Glanbrook ListingsPAGE 8
HOMES FOR SALEGrimsby, Lincoln, West Lincoln& Niagara ListingsPAGE 4
May 22, 2013 - Vol 51a
Read more on www.GolfiTeam.com
Page 2 The Golfi Team Real Estate Market Watch May 22, 2013
www.GolfiTeam.com
About Rob Golfi WHAT’S ONLINE
Since the inception of his career in 1997, Rob Golfi has
recognized that understanding his clients’ needs is essential to
providing excellent service. Married 25 year with four children,
Rob understands a family’s wants and needs.
As business grew, Rob assembled the Golfi Team in an effort to
maintain the same level of professionalism clients have come to
expect. Shortly thereafter in 2003, the team received the
prestigious honour of being among the top 100 Real Estate
Teams for RE/MAX Canada, and this status continues to date.
Rob’s experience and aggressive negotiating skills have earned
him every major honour awarded by RE/MAX, including
President’s Club, 100% Club, Platinum Club, Chairman’s Club,
Hall of Fame in 2003, the Lifetime Achieve ment Award in 2006,
his SRES® designation in 2009 and the Diamond Club Award in
2010. Having worked with many of the industry’s professionals
over the years, he has the necessary edge to best negotiate the
sale of your home.
Any agent can list your house, but Rob’s knowledge, extensive
marketing background and dedication gives clients peace of mind
when dealing with the single most important investment in their
lives. With years of combined experience, the Golfi Team can
provide your home with a level of exposure that most agents
cannot. Utilizing a team approach also means that they will likely
find a purchaser to buy your home sooner, rather than waiting
for other agents to approach you with potential buyers.
Ranked in the top 5 of nearly 2,000 sales agents in the Hamilton-
Burlington and Niagara areas, listing with Rob and the Golfi Team is
the right choice when choosing someone to represent your best
interest.
Rob and Sue Golfi
See what’s on our blog this week!Visit www.golfiteam.com andclick on the BLOG tab.
Giving Power Of Attorney To Friend:
A Cautionary Real Estate Tale
Woman Loses $100,000 DepositAs Lawyer Doesn’t See Fax
The latest listings in Hamilton, Stoney Creek, Grimsby & Niagara area
ALSO:
THANKYOU!
Join us in thanking an officer for their service and remembering those who have fallen.
”
How The Golfi Team Did in 2012:✓ Number Of Homes Sold in 2012: 313 ✓ List Price To Sold Price Ratio: 98% ✓ Average Days On Market: 39
100%ClubAward Platinum
ClubAward Chairman’s ClubAward Hall of FameAward
LifetimeAchievementAward Diamond
ClubAward
Outstanding Team. Exceptional Results.
1998-2013 2002-2012
2003-2012 Inducted 2003
Inducted 2006 2010-2012
Burlington
WaWaterdown
Hamililton
StoneyCreekeek Grimsby
West Lincoln
Lincoln
WWaWain!eet Port Colborne
Pelham
Thorold
St St. CaCathathaa rines
NNNiagaNiagaara a on the Lake
Niagara Falls
Fort Erie
Welland
Freeeeleltonton
Duundas
Ancaster
Moount Hoopee
Bininbrookk
Burlington
Waterdown
Hamilton
StoneyCreek Grimsby
West Lincoln
Lincoln
Wain!eet Port Colborne
Pelham
Thorold
St. Catharines
Niagara on the Lake
Niagara Falls
Fort Erie
Welland
Freelton
Dundas
Ancaster
Mount Hope
Binbrook2HAMILTONBURLINGTON & NIAGARA2HAMILTONBURLINGTON & NIAGARA
RE/MAX TEAM IN CANADA20RE/MAX TEAM IN CANADA20
RE/MAX TEAM WORLDWIDE40RE/MAX TEAM WORLDWIDE40
Information based on recorded commissions paid between January and December 2012 from the REALTORS® Association of Hamilton-Burlington. Rankings are compiled from #gures submitted by regional and local o$ces.
RobGolfi
Sales Representative
SharonStafford
Sales Representative
HeatherReid
Sales Representative
HansMarcellissenSales Representative
WendyMurray-Nicholson
Sales Representative
MikeMcNeil
Sales Representative
KristinaKing
Sales Representative
JohnHellicar
Sales Representative
DanGolfi
Sales Representative
LynnPage
Sales Representative
May 22, 2013 The Golfi Team Real Estate Market Watch Page 3
Call Today 905-575-7700
“When my husband and I began our search, we were excited about the prospect of buying ourhome. However, after putting in several failed offers on homes our frustration and feelings of defeatgrew. Fortunately, our search drastically changed for the better once we had the privilege ofmeeting Kristina, an extremely focused and loyal agent who put our family’s needs above all.
When initially speaking with Kristina, she wanted to know the detailed specifics of what wewanted in our home. Her non-pressure approach instantly put my husband and I at ease as weknew that Kristina was looking out for our best interests. Very soon after, Kristina found us ourdream home and helped us to make it a reality. Without her negotiation skills, we would havenever been able to secure the deal. Kristina was always prompt when responding to our queriesand kept our best interests at the fore front. I recommend Kristina to anyone looking to buy ahome and will promote her services to all my family and friends. She is passionate about whatshe does and above all, an honest person.
- Emily Zablocki
WHAT OUR CLIENTS SAY...
Kristina King
www.golfiteam.com
Page 4 The Golfi Team Real Estate Market Watch May 22, 2013
Rob Golfi*
Grimsby, Lincoln West Lincoln & Niagara
viNelANd $248,9003927 Durban Lane
This beautiful home is in the gated community of CherryHill Estates. Open concept bungalow features hardwood&ceramics on main floor, oak staircase, California shutters,garden doors to large deck & a sunny main floor den.
$941.31 per/mth P&i / O.A.C.
BeAmSville $449,9004024 Bush Crescent
Outstanding and immaculate! This Hillside Estate homeshows beautifully. Featuring maple kitchen with breakfastisland and butler’s pantry to dining room. 9 ft ceilings, 8 ftwide sliding doors to fenced and landscaped yard with large12 x 34 ft deck.
$1701.46 per/mth P&i / O.A.C.
GRimSBY $289,90016 Glenwood Street
Spacious 3 Level Backsplit in the heart of Grimsby!Features original hardwood floors on bedroom level,updated eat in kitchen, most windows have been replaced,roof approx. ‘06, newer fencing, entry doors and more.Large rear yard with plenty of privacy.
$1096.36 per/mth P&i / O.A.C.
BeAmSville $989,9004895 Lister Road
WATERFRONT ON 1 ACRE: This 3450 sqft. custom builtraised ranch features a self-contained in-law with separateentrance, all brick construction, large 22x22 patio deck,finished basement with walk out & extra bedrms and baths,and workshop. Shore protection in place.
$3743.66 per/mth P&i / O.A.C.
GRimSBY $399,9002 Vidal Court
MAGNIFICENT HOME ON QUIET COURT w/wraparound veranda, cathedral ceilng & gas FP in great room,separate DR, exquisite Kit w/top-of-the-line appliances,Mbed w/ens & W/I closet, ceramic flrs, mn flr laundryw/washer & dryer, C/Air, lrg fenced yard w/escarp. view.
$1512.37 per/mth P&i / O.A.C.
GRimSBY $209,90091 Livingston Ave., Unit #1
Freshly painted end unit in the heart of Grimsby featuresthree bedrooms, large, bright living room with gas fireplace,large dining room and kitchen. Well cared for complex.Beautiful grounds. Short walk to all conveniences.
$793.81 per/mth P&i / O.A.C.
viNelANd $229,9003956 Durban Lane
Adult Lifestyle custom built home backing onto greenspace.Open concept, hardwd & fireplace in living room. Walk-outto multi-level deck, custom, extra deep garage withbackyard access. Home is on leased land
$869.45 per/mth P&i / O.A.C.
ST. CATHARiNeS $264,90055 Longfellow Avenue
Great Location! Features updated kitchen with backsplash,ceramic floors & walk-out to multi-level deck & children’splay center. Main floor complete w/5 pc bath, powder roomand 9ft. ceilings. Basement has ample storage, rec room withoption for additional bedroom and rough-in for bath.
$1001.81 per/mth P&i / O.A.C.
viNelANd $264,9003506 Rittenhouse Rd
Updated 3+1 bed bungalow with large living room, eat-inkitchen with 3 new appl. New roof 2012, newer furnace,CA, windows, exterior doors & maintenane-free facia,soffits & eaves. Basement re-done with large rec room &additionall bedroom.
$1001.81 per/mth P&i / O.A.C.
GRimSBY $279,90049 Cline Mountain Rd. S.
Terrrific family home w/4 bedrms, lg livingrm andsep.diningrm, nicely finished rec rm, hdwd floors undercarpet. Some updates include: most windows, 2pc bath andmain bath w/whirlpool tub. Beautiful backyard w/14' x 39'inground pool, lg covered deck that can be enclosed.
$1058.54 per/mth P&i / O.A.C.
GRimSBY $339,90026 Brierwood Avenue
AMAZING IN EVERY RESPECT IN THIS PROPERTY–3+1 bedroom bungalow in immaculate condition, featuresbeautiful oak kitchen cabinets, gorgeous hardwood floors,all vinyl windows, professionally finished basement withgas fireplace & walk out to back yard, & new shingles in2013. Close to shopping and quick access to QEW.
$1,285.45 per/mth P&i / O.A.C.
BeAmSville $312,0004084 Barry Drive
CLASSIC 3LVL SIDE SPLIT–sitting on large 68x128 footlot w/detached oversized double car garage, features sunroom addition, new shingles 2000, mostly vinyl window,oak kitchen cabinets, finished basement, updated bathroom,hardwood floors, & professionally landscape yard.
$1,179.94 per/mth P&i / O.A.C.
viNelANd $499,9003905 Cody Trail
PRESTIGIOUS BUNGALOW WILL TAKE YOU BYSURPRISE! – This custom built has all the luxury you want& more! Hardwd flrs, custom kitch cabinetry w/stonecounters, breakfast bar, crown moulding, master bedrmw/rich hotel style ensuite, & covered patio. Still time for youto choose your colours!
$1,890.55 per/mth P&i / O.A.C.
SmiTHville $474,90055 Las Road
PRESTIGIOUS BUNGALOW WILL TAKE YOU BYSURPRISE! – This custom built has all the luxury you want& more! Hardwd flrs, custom kitch cabinetry w/stonecounters, breakfast bar, crown moulding, master bedrmw/rich hotel style ensuite, & covered patio. Still time for youto choose your colours!
$1,796 per/mth P&i / O.A.C.
NiAGARA-ON-THe-lAKe $259,90024 Robertson Road
Updated throughout and located in a fabulous area! Thisproperty features an eat-in kitchen with pantry, hardwood,living room/dining room with gas fireplace, master withensuite and custom walk-in closet, fully finished lower levelwith wet bar and office. Updates include: shingles ‘12, newA/C ’11, concrete steps and side drive ’10. Unpack and startenjoying! $982.91 per/mth P&i / O.A.C.
BeAmSville $83,9004463 Timothy Lane
Carefree living in this spacious updated home featuring lrgeat in kitch, open concept living rm, master bedrm w/ensuiteprivilege, & 2nd bedrm currently used as a den. Updates:skylight ‘04, front bay window & 2 living rm windows in‘11, new furnace & A/C in ‘12. Lrg deck, & shed. Easy toshow.
$317.30 per/mth P&i / O.A.C.
GRimSBY $219,90024 Kenyon Crescent Unit#38
ORIGINAL OWNER - Two BR bungalow condominium insuperb condition in quiet neighbourhood features kitchw/patio doors leading to cozy backyard patio, lrg oversizedliving rm w/berber carpets, main floor ldry & prof. finishedbasement w/rec room & 3pc bathrm. Quick access to QEW.
$831.63 per/mth P&i / O.A.C.
BeAmSville $235,0004993 King Street
Prime location in downtown core. Storefront w/lrg window,front & back entrances can suit 1 or 2 businesses. Parkingspaces in rear & municipal parking. New furnace & 2pc bath.600 sq.ft. of business space w/GC zoning, + 800 sq.ft. 2 BRapartment on upper lvl. Tenant pays hydro. All sizes approx.
$888.74 per/mth P&i / O.A.C.
GRimSBY $379,90015 Tamarak Crt
IMMACULATE, OUTSTANDING HOME WITHESCARPMENT VIEWS! Features 2000 sqft. of beauty,spacious kitchen w/patio doors leading to landscaped &private fenced yard, family rm w/hardwd flrs, large sunfilled master suite w/walk-in closet and ensuite bath.
$1436.73 per/mth P&i / O.A.C.
SmiTHville $474,9006 Patricia Court
ENTERTAINERS DREAM HOME! Designer kitchen withbuilt-in appliances, granite, walk-in pantry, 5x5' island,built- in china cabinet, master walk-out to encl. hot tub, and2 tiered deck to 21x42' heated salt water pool. Home iscompletely finished.
$1796.01 per/mth P&i / O.A.C.
SOLD ANOTHER ONE
SOLD ANOTHER ONE
SOLD ANOTHER ONE
SOLD ANOTHER ONE
Call Today 905-945-0188
May 22, 2013 The Golfi Team Real Estate Market Watch Page 5
Rob Golfi*
Grimsby, Lincoln West Lincoln & Niagara
GRimSBY $799,9002 Shoreline Crescent
LAVISH TOP TO BOTTOM - Elegant home on LakesideCrescent. The new owner will reap the benefits of this overimproved custom reno’d home w/waterfront views. Featuresentrance w/marble floors, designer kitchen w/oak cabinets,granite counters, stone backsplash, cherry hardwood floors.
$3025.11 per/mth P&i / O.A.C.
BeAmSville $599,0004130 St. George’s Drive
New Hampton Model home! 3000 sq.ft. of pure luxury,loaded w/upgrades. Open concept w/hardwood, ceramic &porcelain flrs. Kitchen w/granite counters, glass backsplash& island. DR boasts coffered ceilings & wainscoting.Master bdrm w/double walk in closets & spa bathroom.
$2265.33 per/mth P&i / O.A.C.
ST. CATHARiNeS $409,9008 Westport Avenue
Prestigious area, walking distance to Port Dalhousie. Impressiveopen concept layout. Main level has hardwood flooring, livingroom with a wood burning fireplace, large family room surroundseat-in kitchen w/plenty of countertops, cabinets, pot drawers &pantry storage. 2 patio doors lead to deck and private backyard.
$1550.18 per/mth P&i / O.A.C.
WeST liNCOlN $374,9008530 Silver Street
CHARACTER HOME Circa 1865 – Sitting on 1.22 Acres,4 bedrm, 2 bathrms, over $200,000 in updates, beautifulpine plank flrs, large country size kitchen, updated vinylwindows, newer furnace & C/air, inground pool, 20x32 fthobby barn + dble car garage 15 min drive to Hamilton.
$1436.73 per/mth P&i / O.A.C.
BeAmSville $779,9005109 Leonard Crescent
9.2 acres on Escarpment bench, surrounded by trees is minutes fromtown. Secluded 1900 sq.ft. bungalow features stained oak hrdwd flrs,large liv. rm with showcase fireplace. Flr to ceiling sliding doors leadto backyard oasis overlooking Lake Ontario. C/A, vinyl windows &shingles in the last 10 yrs, & oversized 23x23 ft. double garage.
$2949.47 per/mth P&i / O.A.C.
GRimSBY $649,900643 Ridge Road West
Country living at its best! 1.3 acres and featuresbeautifulhardwd flrs, oak staircase, professionally finishedbasement,master bedrm with large ensuite, double garagewith directaccess to basement, updated vinyl windows,furnace 2010,shingles 2006, 9000 gal cistern under garage.
$2457.83 per/mth P&i / O.A.C.
GRimSBY $334,90040 Viking Drive
LAKESIDE COMMUNITY – 4 Level side split w/open &inviting floor plan, features large eat-in kitchen, cozy familyroom w/gas fireplace, updated shingles 2010, furnace 2012,updated vinyl windows, updated carpet, ceramics &porcelain tiles, rough-in central vacuum.
$1266.55 per/mth P&i / O.A.C.
BeAmSville $413,9004359 Tamarac Avenue
QUIET COURT LOCATION – This 4 bedrm 2 storey homehas everything you’re looking for, open concept, gorgeoushardwood floors in living/ dining room & family room, gasfireplace, 3 tier patio deck in landscaped back yard, newshingles in 2011, updated vinyl windows, & oversized lot.
$1565.31 per/mth P&i / O.A.C.
viNelANd $279,9003925 Durban Lane
Stunning home was originally the model home in the gatedcommunity of Cherry Hill Estates. Many upgrades. Openconcept living room, kitchen and dining room with vaultedceiling. Hardwood and ceramics on the main level,basement is partially finished with additional bedroom
$1058.54 per/mth P&i / O.A.C.
GRimSBY $399,90077 Plum Tree Lane
FABULOUS FIND! All brick, 3 bedrm home, features 9 ftceilings & upper flr family rm w/gas fireplace, gorgeoushardwd flrs, large family-size maple kitchen w/breakfast bar,fenced yard with patterned concrete patio, master bedrm withwalk-in closet and ensuite, fin. basement with large rec-rm.
$1512.37 per/mth P&i / O.A.C.
ST CATHARiNeS $217,9009B David Street
Bi-level semi-detached home only 6 yrs new with openconcept kitchen, spacious living/dining room with5 bedrooms with large windows, 2 large bedrooms on themain floor and bathroom with soaker tub & separate shower,a fully-finished basement with rec-rm.
$824.07 per/mth P&i / O.A.C.
NiAGARA-ON-THe-lAKe $259,900104 Young Crescent
Beautifully decorated 3 bdrm, townhouse in desirableNiagara on the Green. Main floor offers HW floors, largeliving room with gas fireplace, open concept kitchen, diningroom. Large 2 tiered deck off patio doors. Centrally locatedw/QEW access, close to Niagara Falls & Niagara College.
$982.91 per/mth P&i / O.A.C.
FREE HOME
EVALUATION
NO COST OR
OBLIGATION
905-945-0188
SOLD ANOTHER ONE
SOLD ANOTHER ONE
SOLD ANOTHER ONE
SOLD ANOTHER ONE
Seniors Real Estate Specialist is adesignation for REALTORS® to address theneeds of home buyers and sellers, age 50-plus.If you are buying or selling a home, contact RobGolfi today.
Rob GolfiSales Representative
905-575-7700
(May 6, 2013 – Hamilton, Ontario) The REALTORS® Association of Hamilton-Burlington (RAHB) reported sales, listings and the average sale price for all propertytypes listed through the RAHB Multiple Listing Service® (MLS®) in April showedincreases over the same month last year.
There were 2,202 properties listed in April, a 6.5 per cent increase over April of lastyear. All property sales numbered 1,521, representing a 5.5 per cent increase over thesame month last year. The average sale price of $382,682 was an increase of 1.8 percent from the previous April.
“Spring has arrived for the resale real estate market,” said RAHB CEO RossGodsoe. “We started seeing more listings and sales come through the MLS® systemfirst thing in April. All property sales are not only higher than last year, but are the sec-ond highest in an April for the last 20 years.”
Seasonally adjusted* sales of residential properties were 4.5 per cent lower than thesame month last year, with the average sale price up 2.4 per cent for the month.Seasonally adjusted numbers of new listings were 2.2 per cent lower than the samemonth last year.
Actual overall residential sales were 5.1 per cent higher than the previous year atthe same time. Residential freehold sales were five per cent higher than last year whilethe condominium market saw an increase in sales of 5.6 per cent. The average sale price
of freehold properties showed an increase of 1.9 per centover the same month last year; the condominium market,however, saw a decrease of 8.6 per cent when compared to the same period last year.
The average sale price is based on the total dollar volume of all residential proper-ties sold. Average sale price information can be useful in establishing long term trends,but should not be used as an indicator that specific properties have increased ordecreased in value.
The average days on market increased from 38 days to 40 days in the freehold mar-ket and from 41 days to 42 for condominiums.
“Listings are up from last year, but there are still fewer listings on the market thanthere were a year ago,” noted Godsoe, “and the number of listings is still below the aver-age for the last ten years. The seller’s market which has existed in our market area con-tinues, even though we saw some signs of a more balanced market at the end of the firstquarter.”
Year to date, listings are down 2.9 per cent compared to the same period last year,while sales are seven per cent lower. The average sale price for the first four months ofthe year is 5.7 per cent higher than the same period last year.
www.golfiteam.com
Page 6 The Golfi Team Real Estate Market Watch May 22, 2013
YTD Comparison Listed Expired Sold Average Selling Average Days Selling % ofAREA March. 2013 / 2012 YTD YTD YTD Price on Market List Price
ANCASTER 2013 332 48 183 $458,113 59 98%
(DISTRICT 42) 2012 282 45 172 $455,709 50 98%
BURLINGTON 2013 1482 126 976 $476,851 33 98%
(DIST. 30 to 36 & 38) 2012 1494 81 1137 $450,297 30 99%
DUNDAS 2013 140 8 110 $376,869 52 98%
(DISTRICT 41) 2012 152 20 136 $356,280 59 97%
GLANBROOK 2013 220 27 140 $327,822 68 98%
(DISTRICT 53) 2012 196 28 111 $326,636 53 98%
GRIMSBY 2013 199 26 120 $360,999 57 97%
(DISTRICT 54,55) 2012 195 32 148 $328,866 54 97%
HAMILTON EAST 2013 358 38 272 $199,564 41 97%
(DIST. 23,24,27,28,29) 2012 377 49 292 $195,759 48 97%
HAMILTON MTN 2013 776 78 567 $277,162 40 98%
(DIST. 15,16,17,18,25,26) 2012 800 102 608 $263,689 44 98%
HAMILTON CTRL 2013 540 87 402 $171,753 48 97%
(DIST. 13,14,20,21,22) 2012 512 122 361 $158,622 50 97%
BEAMSVILLE 2013 92 7 57 $288,563 40 98%
(DISTRICT 981) 2012 77 16 51 $277,776 49 98%
WEST LINCOLN 2013 40 7 18 $397,750 74 97%
(DISTRICT 56, 982) 2012 40 4 21 $335,124 69 98%
SMITHVILLE 2013 33 3 17 $229,235 60 97%
(DISTRICT 57) 2012 39 10 26 $271,188 73 97%
STONEY CREEK 2013 470 60 280 $328,245 42 98%
(DISTRICT 50,51,52) 2012 466 67 354 $313,935 50 98%
P R E S E N T E D B Y T H E G O L F I T E A M
Municipal Year-to-Date StatisticsApril 2012 vs April 2013
Based on sales data on all home sales from April 2012 vs April 2013, REALTORS Association of Hamilton-Burlington
Spring Arrives for the Resale Market
mAXimUm eXPOSUReSells Your Home
www.GolfiTeam.com | 905-575-7700
May 22, 2013 The Golfi Team Real Estate Market Watch Page 7
Call Today 905-575-7700
FREEHOME EVALUATIONYour home could be worth more than you think!
Call the GOLFI TEAM 905-575-7700
Crossword Solution
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Key to Life was featured in the October 10, 2012 edition of the Real Estate MarketWatch just 10 days after the two Beamsville brothers, Andrew (25) and Brett Beaulieu(19) launched their potentially lifesaving product.
For those who are not familiar, Key to Life is a keychain pill holder specificallydesigned to carry ASA (acetylsalicylic acid, commonly known as ASA) for use in theevent of a heart attack. Chewing one 325 mg tablet or two 81 mg tablets of ASA whenfirst experiencing the symptoms of a heart attack has been shown to significantlyimprove survival rates.
Inspired by two events that impacted them personally – the first in 2005 when Andrewand Brett’s father, Dale Beaulieu passed away due to a heart attack and the second in2011, when a close family friend experienced a heart attack, which he fortunately sur-vived due to the quick administration of ASA—the brothers created Key to Life with
the goal of spreading awarenessfor the benefits of ASA andensuring that it is available inthe event of a heart attack.
After just 7 months, Andrew andBrett are thrilled to report thatover 35,000 units have been sold across Canada. St. John Ambulance Ontario endorsesthe product and it has been featured on CTV National News, CHCH Morning Live, inthe Toronto Star, Zoomer Magazine, Best Health, 680 News, and was the Editor’s Pickin the February issue of Canadian Living. The Grimsby Lincoln News, WellandTribune and St. Catharines Standard have also featured Key to Life in their publica-tions.
Response from the community has been incredible, with customers reaching out toshare their experiences and well wishes for the cause. Two people have contactedAndrew and Brett to share that they have used the ASA in their Key to Life andfortunately, survived their heart attacks.
Key to Life is available online and locally for just $2.99 + tax in Avondale Food Storesand a number of select retailers in the area – please check keytolifegroup.com for loca-tions. A portion of proceeds are proudly donated to heart research in Canada. The Keyto Life product and packaging can also be customized with your company’s logo andinformation, serving as a great promotional item for your business.
Visit www.keytolifegroup.com to learn more and “like” Key to life on facebookat facebook.com/keytolifegroup.com to help spread awareness about the impor-tance of carrying emergency aSa.
Young Entrepreneurs Dedicated to Saving Lives
Brothers Andrew Beaulieu (L), Brett Beaulieu (R)founded Key to Life after losing their father to aheart attack.
www.keytolifegroup.com
Page 8 The Golfi Team Real Estate Market Watch May 22, 2013
Rob Golfi*
Hamilton, Stoney Creek,Ancaster, Dundas & Glanbrook
www.golfiteam.com
HAmilTON CTR $289,900673 King St. East
LOCATION LOCATION! This incredibly maintained 2200sq.ft. corner property with commercial frontage and 2 add’tlapts features fantastic income, close to Cathedral highschool, new roof 4yrs new, 14 ft ceilings, hardwd flrs, fullbasement with newer wiring & parking space in the back.
$1157.91 per/mth P&i / O.A.C.
HAmilTON mTN $159,90036 Poplar Avenue
LOCATION, LOCATION! Walk to Juravinski, steps tomountain brow and shopping. Loads of character andperfect for a young couple! This property features beamedceilings, private back yard, front and back porch, updated100 amp panel, and kitchen. Great rental location!
$638.67 per/mth P&i / O.A.C.
HAmilTON eAST $169,900117 Fairfield Avenue
BUNGALOW WITH FAMILY ROOM ADDITION. Twogood sized bedrooms w/a large family room, lots of parking,updated windows, shingles, furnace, C/A, kitchen & wiring.Needs TLC in decorating & cleaning. Great Value. Close tohighway access & shopping.
$678.61 per/mth P&i / O.A.C.
STONeY CReeK $517,900177 Silverlace Circle
BEAUTY, WARMTH & VALUE – All brick, w/top qualityfinishes, maple kitchen cabinets w/granite counters &breakfast bar, hardwd flrs, fin. basement great for in-law,master bedrm suite w/additional rm - great for dressing rm,den, TV rm or nursery, & grand foyer w/spiral maple staircase.
$2068.58 per/mth P&i / O.A.C.
STONeY CReeK $174,900108-150 Gateshead Crescent
CHARMING END UNIT – In Gateshead townhousecommunity! Immaculate home features updated kitchenwith granite counters, prof. finished basement with 2 pcbath, enclosed patio, freshly painted, many updates donerecently from condo corp, plenty of visitor parking.
$661.45 per/mth P&i / O.A.C.
GlANBROOK $354,9001635 Glancaster Rd.
Renovated country bungalow on 75x576 ft. lot minutes tothe city, custom maple kitchen with granite, Brazilianflooring, 20x20” tiles, new windows, shingles (’06). If youlove the country & want to feel like you are living in a newhome than this place is for you.
$1,342.18 per/mth P&i / O.A.C.
HAmilTON eAST $350,000867 Beach Blvd.
WATERFRONT LOT 42.50X149.00 ft.! Build your dreamhome in trendy Beach Blvd backing onto the WaterfrontTrail, fully serviced vacant lot with sewers, water & gas tolot line.
$1323.65 per/mth P&i / O.A.C.
STONeY CReeK $299,90044 Olive Crescent
Flowing 4 level layout nestled quaintly on a crescent Southof King in the Escarpment locale. 3 bedroom upstairs, 1 on2nd level with separate 3pc bath. Furnace 2013.
$1,134.18 per/mth P&i / O.A.C.
HAmilTON mTN $259,900421 Concession Street
Desirable location near Juravinski Hospital. 2 Parkingspaces. Basement apartment. Possible 2nd one bedrmapartment on 2nd floor. Current use of main floor is retailspace. Good income generator or owner occupied businessspace. For sale building only. Buyer to verify use.
$982.91 per/mth P&i / O.A.C.
HAmilTON eAST $199,9002 Melvin Avenue
GARAGE MADNESS! This property features an oversizedbrick garage with hydro. Furnace and C/A are rental. Nicelot close to shopping and major bus line, minutes to Redhilland new Center Mall. Updated windows, wiring andplumbing.
$755.99 per/mth P&i / O.A.C.
BURliNGTON $949,000470 Patricia Drive
Custom new build approx. 3000 sq.ft. Features 9ft. ceilingson main floor, coffered ceilings, crown molding, hardwoodstaircase & flooring, designer bathrooms & kitch, 4 largebedrooms all w/ensuite baths & walk-in closets.
$3,588.99 per/mth P&i / O.A.C.
BiNBROOK $384,90092 Windwood Drive
Amazing space in this fabulous 2100 sq.ft. home, featuresopen main floor plan, formal dining rm, showcase gasfireplace in family rm, family size kitch w/patio doorsleading to party size deck & fenced in yard, master bedrmw/walk in closet & ensuite w/relaxing roman tub, & finishedbasement.
$1,455.64 per/mth P&i / O.A.C.
BURliNGTON $989,000476 Patricia Drive
Custom new build approx. 3120 sq.ft. Features 9ft. ceilingson main floor, coffered ceilings, crown molding, hardwoodstaircase & flooring, designer bathrooms & kitch, 4 largebedrooms all w/ensuite baths & walk-in closets.
$3,740.26 per/mth P&i / O.A.C.
STONeY CReeK $479,900145 Edgewater Drive Unit #7
NEWPORT YACHT CLUB – Incredible view backing ontoHarbour, features beautiful hardwd flrs, dream kitchenw/granite counters tops, professionally finished basementw/walk out, master bedrm with luxury ensuite & large walkin closet, new furnace (08), private boat slip availabledirectly behind.
$1,814.91 per/mth P&i / O.A.C.
ANCASTeR $539,90034 Norma Crescent
Fabulous 2 storey in fantastic location, features gorgeoushardwd in family rm w/wood FP & wet bar, main flr den,upgraded trim on main lvl, new carpeting & under-pad,freshly painted, patterned concrete drive & patio, newshingles ‘09, unspoiled basement w/good ceiling height &access to garage.
$2,041.83 per/mth P&i / O.A.C.
STONeY CReeK $359,90028 Sandy Drive
BIG HOUSE, SMALL PRICE, fantastic value in this 4bedrm all brick executive home, features gorgeous hardwdflrs, updated kitchen with glass backsplash, new shingles(07), new furnace (12), vinyl windows, finished basement,sunny sunrm addition, & concrete drive. Close to parks,schools & QEW.
$1,361.09 per/mth P&i / O.A.C.
WATeRdOWN $384,9006 Sunnycroft Court
Modern executive home features open concept layout,kitchen with granite counters & breakfast bar, great roomw/gas fireplace & hardwood floors. Fully finished basementw/oversized windows, a rec room, wet bar & 3pc bath.Elevated deck, retractable awning, fully fenced yard & shed.
$1,455.64 per/mth P&i / O.A.C.
STONeY CReeK $499,90055 Chiara Drive
SPECTACULAR 4+1 BEDRM - Shows like a dream,features oak kitch w/granite counters & back splash, hardwdflrs w/oak staircase, master bedrm w/2 walk in closets & spastyle ensuite, professionally finished basement, &landscaped yard w/35x18 ft. 2 tier deck.
$1890.55 per/mth P&i / O.A.C.
HAmilTON mTN $265,900149 Wise Court
Well-built 3 bedroom, 1.5 bath home on a quiet court, offershardwood floors, large living/dining room combination; eatin kitchen, new rec room with pot lighting, updatedwindows, fencing, insulation, large backyard, new decking,detached single garage w/parking for 4 plus cars and more.
$1005.60 per/mth P&i / O.A.C.
SOLD ANOTHER ONE
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865 Beach Blvd.Gorgeous property backing onto the beach & Lake Ontario!Incredible views! Renovate or build your dream home here!Or sever the lot and build 2 new homes.
$3025.11 per/mth P&i / O.A.C.
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If youinvest in realestate withp a r t n e r s ,there arei m p o r t a n tthings youneed to dis-cuss ina d v a n c e .This willprotect youlater from
costly legal or accounting fees.Here are some of the main things
to consider:Who is going on title?If it is your first investment, I
suggest that all partners be on title tothe property, in their personal names,as opposed to a corporation. A lenderwill want all the partners to sign per-sonally for the mortgage, so there islittle advantage to spending the extramoney to incorporate, with additionalbookkeeping fees and tax returns.You can always get insurance to pro-tect against claims related to liability.
How are decisions going to bemade?
Key decisions include who toaccept as a tenant and which renova-tions to undertake. Most of themshould have majority approval, but insome cases, you may require deci-sions to be unanimous, to protect all
of the partners.Who signs the cheques?Signing authority and how distri-
butions are made to the partners isalso a concern. I suggest that chequesup $1,000 or $2,000 can have one sig-nature, but anything more needs atleast two. There should be a separateaccount devoted to the investment, sothere is no confusion about personalcheques being used to pay bills.
When is reporting to be done?The partner who is managing the
property should be required to submitmonthly reports to the partners aboutthe rents received and the expensespaid each month. There should be anannual report as well. This way eachpartner can make the appropriateincome and expense reporting to theCanada Revenue Agency when filingseparate tax returns.
How are disputes settled?If things go to court, only lawyers
win. Agree on a detailed and expedit-ed arbitration process. That way thearbitrator’s decision is final, with noright to go to court, where it willinevitably get delayed and becomeexpensive.
What if one partner dies?There should be a process where
the property is appraised and the part-ner who survives has to buy out theestate of the deceased partner at fairmarket value.
What if one partner wants to selland the other partners do not?
There should be a similar processwhere the partners who do not wish tosell have to buy out the partner whowants to sell at fair market value, tobe determined by an appraisal.
What if one partner doesn’t paytheir share of expenses?
If one partner is not paying theirshare, then they should lose their rightto make any decisions about the prop-erty. There should also be a formulaso that the non-defaulting partnerscan buy out the share at a reducedvalue.
It is hoped that every real estateinvestment will lead to a profitableresult and that no one will have theneed to look at a partnership agree-ment. However, if things do not workout, it is good to know that the answercan be quickly found, without havingto resort to costly legal or accountingprocedures. By having the right legaland accounting advice before enter-ing into a real estate investment withpartners, you can ensure peace ofmind for all partners involved.
Mark Weisleder is a Toronto realestate lawyer. Contact him [email protected]
Real Estate Partnerships Require Careful Planning
If you invest in real estate with partners, there are important things you need to discuss in advance.
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Page 10 The Golfi Team Real Estate Market Watch May 22, 2013
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Across1 Ship's company (4)
3 Dubious (8)
8 Lamb cut (4)
9 Beekeeper (8)
11 Liverpool's location (10)
14 Hue (6)
15 He aims (anag) — golfer's fiveiron, formerly (6)
17 Really — honestly (8,2)
20 Defeated decisively (8)
21 Stratagem (4)
22 Mrs Tiggy-Winkle, for example(8)
23 Venerable English historian, d.735 (4)
Down1 Potter's products (8)
2 Surround (8)
4 Resist (6)
5 Speaking generally (2,3,5)
6 Hinder — prevent (4)
7 Not yet arrived — departed (4)
10 Unwillingness (10)
12 Fib (5,3)
13 Novice (8)
16 Manage (with inadequatemeans) (4,2)
18 Mormon state (4)
19 River crossing (4)
CROSSWORD PUzzLE (Solution on Page 7)
The SolutionFill in the grid above, so that
each row of 9 squares, each
column of nine and each sec-
tion of nine (three squares by
three) contains the numbers 1
through 9 in any order. There is
only one solution for the puz-
zle and the numbers shown can
NOT be changed.
8 2 959 8
1 7 6 32 6 7 5
6 9 855 4 12
3 7
7 4 31
SUDOKUSUDOKU
863219 475
592786 314
174952 683
286174 539
915347 826
437698 251
358461 792
621835 94
749523 168
7
If you suspect someone who iselderly, or otherwise unable to takecare of themselves, is being takenadvantage of in their financial affairs,you should encourage them to getlegal advice.
Here’s an example of what canhappen.
In 2006, Gary Shular inheritedhis mother’s home on Jacobs Ave., inSt. Catharines. Shular had a history ofmental illness and suffered bouts ofdepression and lived in the house fortwo years with his partner. After theysplit up, Shular moved to an apart-ment on Parliament St. in Toronto andthe St. Catharines property was neg-lected.
In Toronto, he renewed hisacquaintance with an old friend,Michelle Ferraton, whom he’d knownfor years. She suggested that she andher common law spouse could helphim fix the St. Catharines propertyand sell it. In exchange, she wantedhalf the sale price. Shular agreed andsigned a sales agreement prepared byFerraton to give her half the money.
A court later heard that Ferratonput $2,115 into the property and thenconvinced Shular to give her a powerof attorney so that she could list andsell it. In 2008, she signed an agree-ment to sell it for $156,000. Shularstill had to sign the closing papers.
After deducting fees and expenses,Shular received $140,000. Ferratonexpected to get $70,000.
Shular had a change of heart andrefused to pay the $70,000, but didgive Ferraton $2,115, plus $20,000for helping him out.
Ferraton sued for the remainder.At trial in November 2012, Shular’sex-partner testified that Shular had ahistory of mental illness. He also toldthe court Shular was vulnerable toexploitation. Shular confirmed to thecourt that he was very depressed inthe summer of 2008.
Ferraton confirmed in court sheknew Shular’s vulnerabilities whichwas why she had helped him withfinancial matters when he couldn’tearn a living or take care of himself.
By the time of the trial, Shularwas on welfare, and he told court allthe money from the property sale wasgone.
In a decision of the OntarioSuperior Court of Justice datedNovember 26, 2012, Judge J. Wilsondecided that the contract was uncon-scionable and unenforceable. He saidan agreement giving Ferraton 50 percent of the sale was unfair and sinceshe was not a real estate agent, shecould not be paid for services relatedto selling the house. Since Shular hadinsisted at the trial that Ferraton be
paid for her help, he upheld the totalpayment of $22,115.
Here is what the judge said:“Ms. Ferraton was well aware of
Mr. Shular’s emotional frailties andhistory, and took advantage of hispassivity and listless attitude towardsthe property during a period of deepdepression. What appears to havebegun as an act of friendship, maturedinto a plan to profit from the situationand to take advantage of Mr. Shular’s
emotional state and apathy.”Do not give out a power of attor-
ney or sign any other legal documentover any of your property withoutfirst obtaining legal or other profes-sional advice. There may not beenough time to get to court to fix itlater.
Mark Weisleder is a Toronto realestate lawyer. Contact him [email protected]
Giving Power Of Attorney To Friend: A CautionaryReal Estate Tale
You should beware of the 'power' you're giving in power of attorney.
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