If Toronto Goes Up 1%, Hamilton Goes Up 1.4%

Hello Hamilton Real Estate Investors!!

I truly dare you, double dare you, to join us on our journey to make 2017 your best year ever. Our goals include helping more investors invest in more quality investment properties and RRSP’s. To give more to charity, to spend more time doing what we love, including time with family.

After a conversation with a new dad, my very own brother, about the cost of university tuition for kids, he too is registered to come this Saturday to the Mr Hamilton Inner Circle Meeting immediately followed by our Mr. Hamilton Street Smart Tour.

YOU ARE THE AVERAGE OF THE FIVE PEOPLE YOU SPEND THE MOST TIME WITH!! If you have no goals or resolutions for 2017, at least take a look and who you’re surrounded with. I spend a lot of time with Erika Spencer, James Maggs, and Tim Hong, all highly accomplished, driven investors, and I’m constantly learning from them in investment, business, health and life. I can’t recommend enough that you do the same.

This Saturday we are presenting an ALL NEW GOALS Setting Presentation and pragmatic strategies to achieving them, by yours truly. I’ll show you how I start with values, then goals, and the breakdown of tasks to achieve massive results. These are the same processes taught by world class coaches that I pay over ten thousand per year for. I’m the first to admit, I wasn’t the best at school, I do NOT have the highest IQ, but I am dedicated to achieving my goals and so can YOU.

We also have an amazing guest speaker in Marc Ruttenberg, founder and CEO of Paramount Equity Financial Corporation. He is a super successful investment real estate entrepreneur, a long-time REIN member who has applied REIN taught economic fundamentals into his company’s underwriting processes to ensure capital preservation and healthy returns for his investor clients. The cost per attendee is only $10, all going to charity and I’ll gladly refund your money if you are not inspired by Marc’s story of overcoming challenges and entrepreneurial savvy to rise to success.

Reserve your seat ASAP as we have about THREE seats left before we start a wait list. http://mrhamilton.ca/innercircle/

The team will also be providing an update on the St Catharines market, since the article below mentions spillover price appreciation for the St. Catharines/Niagara region.  If you’re interested in doing more reading on the market then check out the research articles here: investinStCatharines.ca

2017 will be the best year ever for the dedicated investor and we hope to see you crazy successful.

---

If Toronto Goes Up 1%, Hamilton Goes Up 1.4%

From the article: When Toronto home prices rise 10 per cent, Hamilton rises 14 per cent: report

According to the CMHC: “For every 1 per cent increase in Toronto-area home prices, Hamilton sees a 1.4 per cent increase.”

Those rising prices in the GTA have a “spillover effect” on nearby cities, with Hamilton seeing the biggest impact, CMHC said.

Here is CMHC’s report Housing Market Insights

Quoting the report: “More recently, house price spillovers have been occurring a bit farther out, especially in St. Catharines-Niagara, driven by the price of low-rise homes in the GTA.”

“To further illustrate the spillover effect, the report also considers the potential impact that a positive and negative shock to GTA home prices may have on surrounding areas. While these scenarios are in no way predictions, they demonstrate that should GTA house prices rise unexpectedly by 10% in a given quarter, Hamilton house prices could rise by 14% within a year. Conversely, an unexpected 10% contraction in GTA prices could lead Hamilton prices to decline by 14% within a year. In both cases, the impact would moderate over time and be less pronounced in other nearby communities.”

Based on this article: Average GTA home price jumped 20% in 2016

If CMHC’s prediction holds true, we should then see a 28% increase in Hamilton in 2017. Simple math, if you put 20% down, rent covers your expenses and mortgage, then a 28% increase in price would translate into a 140% return. Appreciation is the dream (fortunately, it’s been reality), more importantly, you invest with economic and location fundamentals that will attract great tenants, a house you will want to own for the next ten years. Long-term thinkers are long-term winners. Just ask any Hamilton investor who’s been investing for the last 5-10 years.

Again if CMHC’s modelling is true, if the Toronto market goes down, the Hamilton market will go down more, hence that may be your signal to sell.

I don’t know if there is a more obvious signal for investing.

Thanks for reading, and hope to see you Saturday!

Erwin Szeto | MrHamilton.ca
Sales Representative, Owner of Hamilton Real Estate Investment Property
Rock Star Real Estate Inc., Brokerage
Ph: 905-361-9098
President of the Basket Brigade Charity
Podcast Host/Producer of the Truth About Real Estate Investing for Canadians

Real Estate / Mortgage Agent of the Year 2016

Hamilton’s Top 40 Under 40

Real Estate Agent of the Year 2015

Leadership Award (Michael Millenaar Memorial) 2013

REIN’s Top Player Award 2013, Silver Award.