Robert J. Morrow is a real estate agent with Chase Realty Inc., Brokerage, located in Hamilton, Ontario. He specializes in First Time Home Buyers, Student Home Investors, Second Suite Investors, and Downsizing Zoomers.
His real estate website is www.emailhomes.ca where you can view over 100 brief videos about various aspects of real estate buying and selling.
What a great opportunity to tell my story. The fact that people can benefit from my experiences is very positive. I’m excited to tell my story in this manner and hope others get something out of it that will help them in their careers.
We’ve re-launched Hamilton Home Review, this time focusing on investors, especially those who are members of Venture Property Investments. I have been acting as the RE Liaison with Martin and Chris of Venture for about a year now and this is how we keep in touch with our clients, new members, and past owners.
As a REALTOR, part of me wants to see the gov’t do something about escalating prices. But the other side of me has investors who are paying too much for homes, then being forced to pass it on to renters with higher initial rents. Capping increases will help, yes, but what about the high starting rent? And these investors aren’t foreigners, their Toronto investors coming to Hamilton. Conrad Zurini (Remax) said today on radio that Hamilton has been undervalued for years and that some of these prices are accurate. But the banks don’t agree since they don’t appraise them for the amount we’re paying in bidding wars.
What’s the answer? Anybody’s guess. We’ll see what they actually do. In the following article, the gov’t is hinting at dealing with REALTOR practices (big surprise), as well as foreign investment. I don’t think they’re aiming in the right direction. Shouldn’t banking practices be brought into play also? After all, they are the industry making the most money in this environment.