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RE/MAX Escarpment Realty Inc.

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Ancaster

Downtown Hamilton

Dundas

Glanbrook

Hamilton

Hamilton Mountain

Stoney Creek

Central Hamilton

East Hamilton

West Hamilton

Bill Papaioannou, Realtor, Broker helps you buy and sell your home for top dollar fast in the Hamilton real estate market. 

Bill Papaioannou

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Average Days on Market

<p>Housing affordability continues to deteriorate for Canadian tenants amid across-the-board increases in rent rates, according to the latest data from the Canada Mortgage and Housing Corporation.</p><p>The average rent for a two-bedroom home across Canada increased to $1,167 in 2021, representing a 3% rise from $1,128 in 2020 and $1,080 in 2019. This trend was impelled by a supply-demand imbalance and by the different speeds that markets have recovered from the worst effects of the pandemic, said Bob Dugan, chief economist at the CMHC.</p><p>The increases were most prominent in Vancouver (up 2.4% to $1,824) and the Greater Toronto Area (up 1.5% to $1,666).</p><p><br></p><p>“When you look at lower income households the mismatch between affordable rentals and the number of households gets worse,” Dugan said. “Last year in Toronto and Vancouver, only 0.2% of the rental [segment] was affordable for the bottom 20% of earners.”</p><p>Read more: <a href="https://www.mpamag.com/ca/news/general/pbo-highlights-canadas-deteriorating-affordability-situation/325975">PBO highlights Canada’s deteriorating affordability situation</a></p><p>Per CMHC’s calculations, a tenant in a two-bedroom purpose-built apartment would have to work 198 hours per month in Vancouver and 178.3 hours in the GTA to keep the monthly rent at 30% of gross income, the level that the Crown corporation considers the threshold of affordability.</p><p>“That person has to work more than full-time or needs a second tenant in the unit with them to make that rent affordable, if they’d like to get it down to 30% of income,” Dugan said. “That’s an even bigger mismatch, when you get to that bottom 20% [of earners], so that’s something that’s a concern to us.”</p><p>The national rental vacancy rate stood at 3.1% in 2021, versus 3.2% in 2020 and 2.2% in 2019.</p>

Canada rent prices – how are rates shaping up?

<p><em>With over 30 years of Real Estate experience and knowledge, Bill Papaioannou is without a doubt one of Hamilton's best and top rated real estate agents. Bill is a problem solver and was key to effectively communicating with my tenants to fully understand the process of selling my investment property.By doing so, Bill avoided a potentially difficult situation that is common with most tenants. From the minute I called Bill to evaluate my home he was all business. The property was prepared, photographed with world class photography, video, drone footage and presented on multiple social media sites. With the market shifting we were worried that we might not get the price we needed to truly fulfill our financial goals. Bill as a master negotiator once again set a record price of $186,000 more than the last similar style and size of home sold in our Ancaster neighbourhood. I've worked with many Realtors over the years and was impressed at the level of Bill's professionalism and knowledge of the Real Estate market. Bill proved to us why he truly is one of the Best Real Estate Agents out there</em></p>

<p><em>A referred real estate agent is the way to go! Honesty and integrity is how Bill and Greg were described to us. We used Bill &amp; his team for the sale and purchase of our home. Bill's 33 years of experience in real estate is second to none. On selling our home, Bill and his team were straight forward about all the details that needed to be taken care of to get the price we wanted. Bill really pushed to get it sold for top dollar &amp; he did not disappoint even in a declining real estate market . His stager, prep team and photographer were amazing. When buying, Bill was patient and very informative regarding market prices and values and when making an offer. His years in the business and connections found us the perfect home off market! Bill's strong negotiating skills got it at a great price without having to compete with other buyer's. We really appreciated all the time and effort he put in to helping us achieve our goals. We would without a doubt use Bill &amp; his team again and would highly recommend his services to anyone looking for a world class real estate agent &amp; experience. - Anton Ryan</em></p>

It is with great pleasure that I take this opportunity to write this letter of recommendation for Bill Papaioannou and Greg Rozakis of Remax Escarpment Realty. As a full time investor/business owner I have been buying and selling real estate for the last 28 years. My portfolio includes residential and commercial properties. Over the years I have met, interacted and completed business with a significant number of realtors. As such I have become acutely aware of the different facets involved when buying, selling, and marketing properties. On several occasions I have dealt with realtors who were members of larger teams. I had to deal with more than one representative of the team on a single transaction. I felt as though I did not receive the same level of service as various agents were at different stages of their respective careers. The ideal scenario is to have an individual top performing agent who will deal with you from start to finish, one who has perfected their craft through years of experience. Bill Papaionnou is definitely that type of agent. All of my interactions with Bill and Greg were extremely positive. I found them to be honest, ethical, caring, and compassionate professionals. Bill even made a point of complimenting the efforts of the previous agent who was not able to sell my property. Bill and Greg listened to my concerns and addressed my needs. They presented me with timely market research and analysis and discussed relevant trends in the real estate market. They devised a smart marketing strategy to sell my property quickly for top dollar. They suggested that I make some changes that none of the previous agents I had interviewed recommended. I decided to take their astute advice. The result was astounding. I had an offer only hours after the property hit the MLS. Bill utilized his experience, market knowledge, and superb negotiating skills to establish that the buyer should start their negotiations at full list price. The result was that the property eventually sold over asking price. All of this occurred in less than 24 hours. Needless to say I was ecstatic. When I look back at all of my interactions with Bill and Greg, I cannot overstate just how fantastic and rewarding it was to deal with them. I am immensely satisfied with their skill level and professionalism. Bill and Greg demonstrated so much integrity and knowledge that I have already referred them to two of my business associates prior to my transaction closing.

We listed with Bill for $459,900 and then Bill got us $560,000.  Wow we are over the moon!  But that's not all....  He also proved to be a skilled negotiator on the purchase of our new home, saving us a whopping $56,900.. (even in a hot Sellers market).  Sure, go ahead and hire a discount agent for some so called savings, but we are very glad that we chose not to!  Best choice we could have ever made.  We have followed Bill for years and he has consistently proven himself.  The numbers never lie!  It pays to have Bill on your side!  Sincerely Jeff.

Even during a very slow market (my neighbour required at least three different realtors to sell his house), Bill managed to sell our home within a week, with multiple offers, netting a lot more than what we expected. Bill oversaw the entire process of putting our house up for sale. His expertise allowed for us to focus on the necessary repairs prior to showing the home, that yielded us the best return. His direct service is what is lacking with the larger group realtors who focus more on a percieved image. We would definitely ask Bill to assist us again.

Your knowledge of the market and real estate acumen was instrumental in finding us a house before it hit the market and entered a bidding war. This really took the stress off! We loved hearing you strategize on how best to approach the sale of our home! We had a dream number in mind and you helped us surpass it with your home improvement plan. What made this even more impressive was the fact the market had dramatically slowed down and there were many other homes listed in our neighbourhood before us that were still on the market.  Thanks again Bill!

He came, he saw and he conquered the task at hand!  Bill and his team were recommended to me and I quickly saw why.  They explained to us exactly what needed to be done to produce stellar results well within our budget.  Once listed, my house sold in two and a half days for $40,000 over asking.  We were blown away!  I was also impressed with their patience and ability to answer all our questions with respect to buying and selling our home.  They made us feel comfortable in an otherwise nerve-wracking situation.  They took care of us like family and I would highly recommend them.