The Pre-Construction Hamilton Grand Condo Hotel - Great Pre-Sale Hamilton Condominium Real Estate Investment - Unique Opportunity Offered!

CASE STUDY: The New Hamilton Grand Condo Hotel – Good Investment, but How Does It Compare?

Located in the very central nerve of the business district in the heart of the most valuable Hamilton real estate district, the Hamilton Grand condo hotel is a one hundred and seventy seven condominium suite hotel, due for completion in the early part of 2011. There are many things and features that are very unique about this pre-construction Hamilton real estate development. Firstly, the pre-sale Hamilton Grand condo hotel building will set itself from the crowd as it is the only legally structured hotel condominium, with every presale Hamilton condo suite having an individual owner, but operating as a full hotel. A property management company will run the new Hamilton Grand condominium hotel on behalf of all the property investors and owners, who will not be actively involved in renting the pre-construction Hamilton condos. Real estate investor returns are based on the income of the entire real estate property, not the rent per individual Hamilton Grand suite. Each of the 177 hotel rooms at this new Hamilton real estate development is a one bedroom condo priced at $199,900 with the exception being the one bedroom penthouse suites at $219,900 and includes furniture and a built in home theatre system, ideal for hotel suite guests. The projected rental rate at the new Hamilton Condos at the Hamilton Grand Hotel is set at about $150 per night and at full occupancy, this equals ot about $4,500 per month in gross revenue in rental returns. This does not include entertainment income that hotel guests at the pre-construction Hamilton Grand Hotel condos will spend during their stay. Even then, the analysts of the Hamilton real estate development expects that even with a conservative 35% vacancy, property investors can still expect about $2,000 per month net return after all expenses are paid. This does not, however, including mortgage costs for individual Hamilton condo grand suite, which are the responsibility of each individual investor. A lack of Hamilton hotel supply makes this a good choice for this real estate development because as the city continues to prosper, there will be growing demand. Also of note is the City of Hamilton real estate development initiative, which includes a property tax rebate of five years for your purchase of a new Hamilton Grand condominium. For more information, floor plans, pricing and availability of the suites here at the pre-sale Hamilton Grand condo hotel suites, please contact them at 289.389.1022 for additional details. A once in a lifetime opportunity only needs a few minutes of your time. Realize your dream of positive cash flow properties today at this new Hamilton condo development.

Why Invest in Hamilton Real Estate?

The Hamilton property market is resilient. With average vacancy rates at 3.2% and a low average price of Hamilton real estate around $264,549, Canadian real estate investors who want positively geared properties should consider this city. Already undergoing tremendous transformation and revitalization, Steeltown has become boom town. A sustainable population of $504,599 sure helps the stability of the Hamilton real estate market as does an increasing median income, job growth and the economy. The average rent for a one bedroom Hamilton condo suite is about $681/month while a two bedroom Hamilton condominium is $836/month. Single family homes in Hamilton property are hot buys as are student rentals in the area. Being just 65 kilometres from Toronto real estate, Canada’s largest city in addition to Burlington and other major cities in Ontario, Hamilton real estate is burgeoning in growth and development. Hamilton property was recently named one of the top 10 towns in Ontario to invest in by the Real Estate Investment Network (REIN). Having missed the boom of the early 2000’s, Hamilton is now undergoing major growth and people are starting to realize this.

Canada Home Buyers should focus on Real Estate Stats for their Favourite Communities and Neighbourhoods, NOT National Averages according to Century 21

Avoiding the Canadian Real Estate Statistics Trap: First Time Canada Home Buyers Advised to Focus on Stats in their Favourite Neighbourhoods

An excellent advertorial from the Canadian Real Estate Magazine published by Don L, the president of Century 21 in Canada. The recession that brought job losses and uncertainty to millions of Canadians this winter is bringing the best springtime property opportunity in years for the first time home buyers in Canada. With interest rates the lowest we’ve seen since 2005 coupled with a large supply of homes for sale in almost all communities across all Canadian real estate markets, now is a good time for Canadians who are looking to enter the housing market. However, before you lay down your money, keep in mind that you must focus on prices and features of homes in your favourite neighbourhoods first. Don’t allow national, provincial or major city house price statistics to influence your decision making, because they’re really not that relevant. The Canadian housing real estate market is made up of thousands of local markets, but the most important to you is the neighbourhood in which you wish to live. Canadian home price trends in those property markets may be quite different from the national stats. For example the Canadian Real Estate Association (CREA) issues a monthly home price survey that is authoritative and extensively covered in the media. In mid-March, CREA reported that the national Canadian average price for home sales via the MLS in February 2009 was $281,972, down 9.2% compared with February 2008. The same CREA report for Canada’s 25 major real estate markets showed that average prices in February 2009 compared with February 2008 declined in 13 property markets and increased in 12 markets with the range being a decline of 13.3% in Greater Vancouver to an increase of 27.7% in Newfoundland and Labrador.

The dramatic variance in the major Canadian real estate market statistics demonstrates how national average prices can be quite removed from local and neighbourhood markets. In addition, ‘averages’ themselves can be misleading. For example, suppose five homes in a neighbourhood recently sold for $200k, $220k, $260k, $290k and $500k, the average of these new homes is $294k. The $500k sale is obviously not a typical home in this neighbourhood and skews the average higher than it should be. If the $500k sale is omitted, the average home becomes $242k, a more accurate indicator of the value of typical homes in this neighbourhood. A similar skewing of averages occurs regularly in the statistics we see reported in the news. First time Canadian home buyers would be well advised to not dwell on home price survey averages and rather to look deeper for local and neighbourhood stats more applicable to them and their situation in their home purchase process. First time Canadian homebuyers should also unertake their own surveys, starting with an online search to gather information about the homes for sale in their favourite neighbourhoods. The CENTURY 21 Canada website at www.century21.ca gives Canadian home buyers’ easy and free access to a powerful and consumer friendly real estate search engine. In addition, work with a local realtor who can provide statistics on selling prices of homes with features you desire in your favourite neighbourhoods. The CENTURY 21 System is comprised of more than 8.400 independently owned and operated franchised broker offices in 58 countries and territories, with more than 142,000 sales representatives worldwide. Each of our CENTURY 21 System members exemplifies local Canadian real estate expertise and has the highest standard of customer care to help Canadian home buyers onto the path to their dream home. And don’t forget – CENTURY 21 Canada is the only Canadian real estate organization that can reward you with AIR MILES reward miles. Start your Canadian home search at century21.ca today.

Are you looking for new Pittsburgh Rental Apartments? Try the new Cork Factory Pittsburgh Lofts for Rent today!

The Cork Factory Pittsburgh Rental Apartments

According to the rental Cork Factory condo web site: The attraction of the river. The attitude of the Strip. Welcome to the Cork Factory Lofts in Pittsburgh, PA. Inside, experience the ultra-cool environment of urban chic condo rental residences in Pittsburgh’s Cork Factory apartments for rent. It goes on to talk about: Step outside and suddenly you’re surrounded by everything you love. Oh the possibilities at the Pittsburgh real estate offerings at The Cork Factory condo lofts. The nightlife, the shopping, the recreation- it’s all yours for the taking right now. On the water, yet in the heart of the Strip of Pittsburgh real estate condo pre-sales, there’s no place quite like the Cork Factory development. Finally. An address that’s as interest as you are. The Cork Factory is located at 2349 Railroad Street in Pittsburgh, PA 15222. You can call the condo building at 412.281.5556, submit an online form or pay your rent online at the Cork Factory Lofts Pittsburgh web site at www.thecorkfactory.com. Property management information is by McCaffery Interests. Loft apartments on the river are still available for purchase or rent at the Cork Factory in Pittsburgh’s burgeoning real estate market.

About the Pittsburgh property development at the Cork Factory Lofts

Live here and be part of the distinct Pittsburgh Strip. Wake up to a breathtaking view fo the Pittsburgh real estate skyline right outside your window. Make a latte run up the block or better yet, brew it at home at The Cork Factory Lofts condos and sip it poolside or at river’s edge. You could also check the morning news online in the Courtyard Garden with your wireless internet access at the Cork Factory community in Pittsburgh PA. Your day is just beginning and there’s no telling where it will take you. The Cork Factory Pittsburgh property project: Cork Factory one-of-a-kind. Fusing bold design with energized surroundings and breathtaking views of the Pittsburgh skyline, it’s like nothing else in Pittsburgh PA. the architectrural design both engages and exposes the original elements whenever possible and keeps it real with natural maple cabinets and eye opening accent colors throughout the apartment residences at the Cork Factory condos. But these Pittsburgh condo units crave individuality and will not shy away from the bold décor. Nestled between the two main residential buildings and peeking out of the shadow of the bridge high overhead, the historic one story brick Engine Room is home to the resident’s workout facility, party room and management offices at the Lofts at Cork Factory rental suites in Pittsburgh. The voluminous interior space with its exposed steel structure ceiling and clerestory windows above provides an inviting setting for visitors and small, intimate gatherings at the Cork Factory rental condos. Outside the Pittsburgh apartments for rent, take a walk along the large patio and pool area or in the river walk will appeal to your sense of fitness and outdoor adventure. A sublime margining of old and new, popular and unique, historic and modern, life and living. Welcome to the Cork Factory urban lofts in Pittsburgh’s rental real estate market.

It’s not just where you want to live. It’s how you want to live.

The address and location will impress your friends. The comfort and ease of living here at the rental Cork Factory Lofts in Pittsburgh Pennsylvania will impress you. Thoroughly modern and as high tech and low maintenance as it gets, every amenity and service was designed with you in mind. In addition to the community amenities mentioned above, the Cork Factory rental suites tenants will also get services that include dry cleaners, out of town services including mail and package pick-up and newspaper pick-up, check it out (borrow a vaccum, iron and ironing board, toolbox, banquet table, or hairdryer) and concierge services with a 24 hour service co-ordinator, just for Cork Factory tenants. The Pittsburgh Cork Factory apartment condos features floor plans that range from one bedroom to three bed residences. The web site includes a virtual tour, city views and feature shots of this Pittsburgh real estate property. No matter where life takes you, you can get there from the Cork Factory apartment lofts. Easily. Whether your preferred mode of transportation is foot, car, bus or taxi, you’re as centrally located as it gets. The inner beauty of the rental Pittsburgh apartment suites at the Cork Factory may be the first thing you notice. Few rental apartments in Pittsburgh feel as unpretentiously upscale as The Cork Factory. With just enough charming detail to make it unique, and minimal enough to make it whatever you want, it’s just perfect.