RE/MAX Escarpment Realty Inc.

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Mark Zizzo

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HALL OF FAME

LIFETIME ACHIEVEMENT

TESTIMONIALS Please scroll thru some of the amazing Testimonials written for Mark over the years!

Mark initially helped us get our property when we first moved to Hamilton from Nova Scotia. Mark was able to help us narrow down the neighbourhood in Hamilton we wanted to be in, as well as ease our minds as we were first-time home buyers. It is clear when someone has found their niche in life because the job seems to be an extension of themselves, and this is true of Mark. We want to thank you, Mark, for making our first home buying experience a smooth, and fun one!

As first time home buyers we were intimated to enter the housing market. Within two weeks of meeting Mark Zizzo he found us the perfect home and got us a fantastic deal. Along the way, Mark helped guide us through the process, which alleviated all the stress. Things went so smoothly with Mark that we wouldn't want to buy another home without him. Thanks Mark for making our first home buying experience easy.

Mark listens carefully to what the client is looking for, and produces results! He found what I was looking for - where I was looking for it - at the price I was willing to pay for it. I would call him again if I needed another property.

Mark is a wonderful real estate agent who is professional, prepared, personable and motivated. He helped to sell our condo and purchase a new home within one week and we couldn't have been happier! I would highly recommend him to friends and family without a doubt.

I had Mark sell my house for me. The house was put on the market and sold within a week. He actually got me more than what I asked for it. I've never seen anyone work as hard as he did for me. I felt like I was the only client he had and have since recommended him to many friends and family.

Mark is a very knowledgeable and thorough agent. I have had the pleasure of dealing with Mark to sell my home. He did an incredible job advertising and managed to get top $ for the sale of my property. He is readily available and is willing to go the extra mile to get the job done! Whether it's properly staging my home or pricing it right, Mark delivered on his promise.

Mark is the best of the best. He made, what we thought would be a stressful time, very easy. We couldn't have asked for anything more. We look forward to working with Mark again in the future. We have, and will continue to, highly recommended him to everyone!

My wife and I had Mark as our agent in marketing and selling our last home. Mark went above and beyond our expectations in preparing marketing materials always presenting our home personally and always approaching every situation with a positive attitude. Even when we had a conditional offer he did not relent, and actually through his programmes brought us another offer which ended up being the final buyer. We have no hesitation recommending Mark to all our friends and family.

Thanks again for all you have done for us. We can't wait to finally settle in and carry on with a normal life again. We finally see the light at the end of the tunnel! I'll be sure to pass your name to people we know. My brother may be looking to buy a property soon. He's a first time home buyer. I'll be sure to have him call you when he's ready to enter the market. Take care! Till next time...

We had found our dream home and Mark did everything to sell our current home so our dream could come true. He was timely, honest, and knowledgeable. He answered all of our questions and showed our houses potential. He used his contacts to find the perfect buyer. Today we are enjoying our dream, and we owe thanks to Mark Zizzo for making it happen! Thanks Mark!

I hired Mark to sell my home in Ancaster. From the initial meeting until the date the date it sold, which was less than 3 weeks, Mark went above and beyond expectations. The home was being sold as a result of a relationship breakdown so he had to deal with the both of us individually. He accommodated both of our schedules for meetings and viewings and I cannot believe how streamlined the process has been. I would be happy to refer Mark to anyone who was looking for a realtor and would definitely use him again. Thank you for your help during this difficult time. Highly recommended.

Thanks for the Halloween flyer and the vouchers for Swiss Chalet which we have passed on to our daughter. We just love living here and would like to say 'thank you' again for helping us to achieve this. I don't think we could have done it without your help. Our best wishes for the holiday season to you and your family.

Mark called one day and said he found the perfect house for our growing family. He was right! After 2 years of serious searching for "the one" we found it. We love our new house and could not have been happier with Mark as our agent. Thanks Mark!

<a href="https://www.thespec.com/thestar/business/its-worse-than-the-1990s-just-28-new-condos-sold-in-the-old-city-of/article_87274563-f362-5e2c-91d8-e0688d1bf3f7.html">Toronto condo market: Just 28 new units sold in September</a>

Just 28 new condos sold in the old city of Toronto in September

<a href="https://www.thespec.com/business/real-estate/hamilton-burlington-area-home-prices-have-fallen-by-27-per-cent-since-feb-2022/article_880c0ad4-4332-5027-8fb9-05c4c002b280.html">Hamilton area hit hard by tumbling home prices</a>

Hamilton-Burlington-area home prices have fallen by 27 per cent since Feb. 2022

The Bank of Canada held interest rates at 2.75% for the second consecutive meeting, matching market expectations. Policymakers said the decision came as the central bank gains more information about the impact of Donald Trump’s trade war. Officials also said the economy has “held up stronger” than expected in the first quarter and that there might be a need for a rate cut if the economy weakens as the tariffs take an impact.

The Bank of Canada held interest rates at 2.75%

<h1> </h1>Hamilton, ON (May 6, 2025)—In April, sales in the Hamilton, Burlington, Haldimand County, and Niagara North market areas slowed to 805 units. This decline in sales represents a 26 per cent decrease compared to last April and a 46 per cent decrease below typical figures reported for April. “Uncertainty surrounding tariffs continues to weigh on the local housing market,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. “The influx of new listings and slower sales has caused inventory levels to climb, and we are seeing that impact on home prices to varying degrees throughout local communities. With both the provincial and federal elections behind us, we are hopeful that renewed government focus on housing could provide additional support for buyers in the coming months, improving affordability and restoring buyer confidence, paving the way toward more balanced market conditions.” In April, 2,043 new listings were added to the market, causing the sales-to-new listings ratio to drop to 39 per cent. The increase in new listings and slower sales have escalated inventory levels, driving up the months of supply to four months—the highest figure for the month of April since 2009. Rising supply choices and weaker demand continue to weigh on home prices. In April, the unadjusted benchmark price was $803,700, down nearly one per cent from the previous month and over six per cent lower than last year’s levels. Prices are lower than last year across the region, with the most significant year-over-year monthly decline occurring in Burlington. <a href="https://767y6qfbb.cc.rs6.net/tn.jsp?f=001gmQoqGZnqEJa9heJ1wHNCVepZzGpUzh0QQFSgzYbf-LJQgeKji_3FFnBrt5JQG9imyXtl4Ep53hrUw9oLEVv13rhE41kXCakp0QdmTMRtrVTiVObD878cVDDpNV9HHHUJK0s8bYYu1Ql0BQ8TTiDBh8lXsr_hVk4zQrYTg9_V7keVGDeI0n6uCf8QVubwd78AN6EEE9HcJrh2liZjuktpYF2aqOb5_frhTZauZ2mUtauPGviFUaTeLoZjVBpG53FmP1cLN_gI0RszhVuJz2VGFWdDXQtYgjI&amp;c=Wcd1iuXhnA_eGqnZELmwT1jgV41bFfE_B1uHRPVK5NqnVu191MqPqw==&amp;ch=-thqkN4Axx5kB2oI8X4DvquUH_Y8oAzybk-qXu94rNbyTwBiezgENg==">View All Hamilton-Burlington Area Monthly Stats Package</a>

Hamilton-Burlington Sales Well Below Typical April Levels

Bank of Canada cuts interest rates by another 25 basis points

<a href="https://financialpost.com/real-estate/five-reasons-home-prices-will-rise-2025">Five reasons why home prices will rise 10% in 2025 | Financial Post</a>

Five reasons why home prices will rise 10% in 2025 |

<h1>Home sales improved as 2024 wrapped up</h1>Jan 3, 2025| <a href="https://www.rahb.ca/category/press-releases/">Press Releases</a>, <a href="https://www.rahb.ca/category/uncategorized/">Uncategorized</a><img src="https://s1.cdn.rahb.ca/rahbca/wp-content/uploads/2025/01/DECEMBERstats.png"><h1>Price growth moderated in 2024, signaling a positive shift for homebuyers</h1>Hamilton, ON (January 3, 2025) – The higher interest rate environment and economic uncertainty weighed on housing market activity in 2024. Slower sales throughout the spring season nearly offset the improvements that occurred later in the year as interest rates eased. Sales in 2024 totaled 10,086, similar to 2023 levels but 27 per cent below long-term trends.“As interest rates have begun to trend downward, some homebuyers are taking advantage of the opportunity to enter the market while there is still a good selection of homes available. Although the pace of return has been gradual, the improving rates have sparked renewed interest, and many potential purchasers are starting to feel more confident in making their move,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area.At the same time, we continued to see more new listings coming onto the market, resulting in inventory gains. Over 3,000 units were available throughout the majority of the year. Supply improved across all property types and most price ranges, including lower-priced products.Improved supply choice is something that we have seen since 2023 and has weighed on home prices. However, price adjustments should be put in perspective as the declines over the past few years have been relative to the pandemic high. Even with a nearly one per cent decline in 2024, on an annual basis, the average benchmark price is still consistent with levels seen in 2021 and nine per cent higher than the 2020 average annual benchmark price of $651,425.

Home sales improved as 2024 wrapped up

Homebuyers jumping back into housing market before busy spring

Conservative Party Leader, <a href="https://www.bloomberg.com/news/articles/2024-10-28/trudeau-rival-pledges-to-axe-federal-sales-tax-on-many-new-homes?srnd=homepage-canada">Pierre Poilievre says he will axe Canada’s 5% national sales tax</a> on new construction homes under $1 million if he is elected. Poilievre says this decision would save Canadians about $40,000 on a $800,000 home. Poilievre also wrote a letter to provincial leaders urging them to eliminate the provincial sales tax on new homes under $1 million.

Tax changes maybe on the way

By  The Canadian PressTORONTO - A new report says that while fewer young Canadians own a home compared with three years ago, a majority of millennials and Gen Z adults still plan to purchase one in the next five years.Scotiabank’s 2024 housing poll says the number of Canadians between 18 and 34 who own a home has declined to 26 per cent today from 47 per cent in 2021.Around 29 per cent of people in that age group are now living with parents or family, up from around one fifth of those surveyed three years ago.ARTICLE CONTINUES BELOW But despite housing market challenges, the survey says 58 per cent of non-homeowners aged 18 to 43 in Canada are still determined to purchase a home within the next five years.It says there is a “confidence gap” among young Canadians when it comes to the homebuying process, with 63 per cent of Gen Z and 54 per cent of millennials indicating they want clearer information and support from financial institutions.Over half of Canadians in that cohort say the current economic environment is negatively impacting their finances to the point they must delay their home-buying plans.This report by The Canadian Press was first published Oct. 29, 2024.

Business Fewer young Canadians own homes but majority planning to buy within five years: poll

<img src="https://files.constantcontact.com/cb37cd16901/f50597a0-f459-47b4-820f-136b1e15f2d2.png?rdr=true"> <img src="https://imgssl.constantcontact.com/letters/images/1101116784221/S.gif"> Improved sales impact supplySales rise for the second month in a row Hamilton, ON (November 5, 2024) – Home sales improved over last month and last year's levels for the second consecutive month. While October sales are still lower than long-term trends for the month, this represents a significant improvement. "Many potential purchasers were happy to sit on the sidelines until there was more certainty regarding interest rate movements. The recent rounds of cuts seem to be the incentive needed for some to enter the market. While sales are still lower than historical trends, we expect to see changes as the Bank of Canada makes further cuts to interest rates, making purchasing more attainable for hopeful buyers," says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area. The rise in sales relative to new listings supported a modest monthly decline in inventory levels, which aligns with typical seasonal behavior. Nonetheless, the adjustment caused the months-of-supply to fall below four months, representing a shift from buyer's market conditions to a more balanced market. While this shift is likely welcome news for many sellers, it is important to note that supply levels remain elevated compared to sales in the region, and it will take time to work through the inventory. Despite the adjustment, prices still eased, albeit at a slower pace. In October, the unadjusted benchmark price was $820,800, a decline over last month and less than one per cent lower than levels reported last year.  <a href="https://767y6qfbb.cc.rs6.net/tn.jsp?f=001Hg-BqHbLef_VwadY_uZXALMJWWsEpF5yCmRgH5pY_mQDLQZNKFXq5yroHosG0TQ-N-7KOcBvhkl-1t6FjW3XwX0ykM3VNF6Ph2XMCGyywGrMe992LnGJovzjXuPvXPCv9iTGeyI6IkkBkkc4UZUzlQWutV_Nax747ebirleiJ6RuyInygnuLEc2_Rl7HGN1b6AJOxX65ghTcTcrBTbbLryctksAmwKEDYUwWzZW5ohjg8FLXzBL28adbgcgcRvcFLUJ2S5hBD2yOb3ezunLCYceeEF_qnIbRIyJ-DT0E228=&amp;c=Fsdx-VD5owvbaT11M59SiMud0AF4JTbb0XGho2OI8O0-6kFi4JOM_A==&amp;ch=c_dCvzWL7UHITJwSaiZRRLUm3WzVwC0fFv8rI4fMgChMpduSdw6xlw==">View All Hamilton-Burlington Area Monthly Stats Package</a> <a href="https://767y6qfbb.cc.rs6.net/tn.jsp?f=001Hg-BqHbLef_VwadY_uZXALMJWWsEpF5yCmRgH5pY_mQDLQZNKFXq5yroHosG0TQ-fWO0fITmEKB9MaNvyn8js7y-T-GbfHFZ8KqFJVTnovHSWgq6hKo2u-OVL78ocOU9AA-jM8f5PvC7Qwu90Ul1YzkSn3XRf5jhivzqU52BaNmJRfCMbecZlspZmztVgJ8og1WyNXrOnK-5J7Ub9mVPN_QRp6TOVnddrUMUntmYyTKUq1P4QlNy9RuxKTvCyRFRfh0hcJjOxvHQDhPFY1d4NA==&amp;c=Fsdx-VD5owvbaT11M59SiMud0AF4JTbb0XGho2OI8O0-6kFi4JOM_A==&amp;ch=c_dCvzWL7UHITJwSaiZRRLUm3WzVwC0fFv8rI4fMgChMpduSdw6xlw==">View Hamilton Region Monthly Stats Package</a> <a href="https://767y6qfbb.cc.rs6.net/tn.jsp?f=001Hg-BqHbLef_VwadY_uZXALMJWWsEpF5yCmRgH5pY_mQDLQZNKFXq5yroHosG0TQ-Eo-OcH_Wjbme4MN7PnKnkrzl8tRTCMOaDZ4m0ALriWXEDabqG2DwsduAN7VLuhhyp17MPzSexnWB7Y9FpDrdg4oP9rBgkjocJFfcoVqWFaXQJH2bpy4HYONmvB91NAHcdS8wrB_d7NY9zr_1M_CAqlUYfyeU58tgqdSmfuxG14ibpkoafZc8dbAapduCHgYD_CTVWbFhO4_3GTqVca-MrQ==&amp;c=Fsdx-VD5owvbaT11M59SiMud0AF4JTbb0XGho2OI8O0-6kFi4JOM_A==&amp;ch=c_dCvzWL7UHITJwSaiZRRLUm3WzVwC0fFv8rI4fMgChMpduSdw6xlw==">View Burlington Region Monthly Stats Package</a> <a href="https://767y6qfbb.cc.rs6.net/tn.jsp?f=001Hg-BqHbLef_VwadY_uZXALMJWWsEpF5yCmRgH5pY_mQDLQZNKFXq5yroHosG0TQ-71lMVNGmfZ5MBFQOvSuspqAjztN5V_xkDBA4B0ja01ijqOmiotoIv0X2Tuu_q5LnZU6XbA5tVfCd4yu8HIksPw2zvgjgmbKN6USBrFQTdkHpVgrJi0vNaJlfKQk7hjwjxIHqyaej3PISz0qHR0Uzx1S8nSj5-B8ioeP9K56pwyrNIhR9dpfZ8El3kRzhLlr6S7PY5fJaGNB-npM254ngQivpc9l17EBD&amp;c=Fsdx-VD5owvbaT11M59SiMud0AF4JTbb0XGho2OI8O0-6kFi4JOM_A==&amp;ch=c_dCvzWL7UHITJwSaiZRRLUm3WzVwC0fFv8rI4fMgChMpduSdw6xlw==">View Haldimand Region Monthly Stats Package</a> <a href="https://767y6qfbb.cc.rs6.net/tn.jsp?f=001Hg-BqHbLef_VwadY_uZXALMJWWsEpF5yCmRgH5pY_mQDLQZNKFXq5yroHosG0TQ-JjscwoR5lKgSC3bJwRCRV5D4h_YiWG2g0wl2weajjO9Xrqc3HuNvgWbAMBkNdh3-s31kMXW9hEqen9bGSVJ8_OGSVAnH_6EjUojvYUrrJBWU4c4Iw-g-KfnG3ioHVvZwVpxGq7NuENmZWOap19n_YRqAhS8Gn5fS_maPGF0ZXk6fYoA3nlAYfKR2nmXbaUG2ubRchQwxtoMtHu2uRFc0hQ==&amp;c=Fsdx-VD5owvbaT11M59SiMud0AF4JTbb0XGho2OI8O0-6kFi4JOM_A==&amp;ch=c_dCvzWL7UHITJwSaiZRRLUm3WzVwC0fFv8rI4fMgChMpduSdw6xlw==">View Niagara North Stats Package</a> For more information, please contact: Crystal HendersonManager, Government Relations <a href="mailto:amanda.stringer@cornerstone.inc">crystal.henderson@cornerstone.inc</a> Amanda StringerGovernment Relations + Communications Specialist<a href="mailto:amanda.stringer@cornerstone.inc">amanda.stringer@cornerstone.inc</a> <a href="https://767y6qfbb.cc.rs6.net/tn.jsp?f=001Hg-BqHbLef_VwadY_uZXALMJWWsEpF5yCmRgH5pY_mQDLQZNKFXq55KYT-4sMsauYDTCShxbmsyhcZzs-F9_faHGjzXLs9f4D_DC6IL_M5Cd7abAoIcu153Dck1cGGQZoAceOqx6IGtt8atsfR22uIBCLyBTqbSq&amp;c=Fsdx-VD5owvbaT11M59SiMud0AF4JTbb0XGho2OI8O0-6kFi4JOM_A==&amp;ch=c_dCvzWL7UHITJwSaiZRRLUm3WzVwC0fFv8rI4fMgChMpduSdw6xlw==">cornerstone.inc</a> <a 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Improved sales impact supply

Bank of Canada Governor, Tiff Macklem recently spoke at an event explaining the central bank’s aggressive rate cut decision last week. Macklem says the decision to cut rates more than a quarter point “makes sense” given how aggressive the hiking cycle was. He also said the bank will need to “discover” the true neutral rate (the theoretical interest rate that neither stimulates nor restricts the economy). Policymakers estimate the neutral rate to be around 2.25-3.25%, however, Macklem acknowledged that policy decisions are made on a case-by-case basis, not on a predetermined path. (<a href="https://stjeanrealty.us14.list-manage.com/track/click?u=b8c9330af6663be8dd87ef568&amp;id=42e8d6cd86&amp;e=403a384555">Bloomberg</a>)

Rate Cuts

<h1>Sluggish sales and rising inventory persisted through August </h1>Prices ease, and supply choice improves  Hamilton, ON (September 3, 2024) – The Hamilton real estate market maintains recent trends, as sales continue to slow and inventory levels rise. August sales slowed to 690 units, contributing to the year-to-date decline of seven per cent. When we compare the market to long-term trends, sales are down across all areas. Burlington continues to report the tightest market conditions in the region.  “There is more inventory than we have seen in recent years, which provides prospective buyers with flexibility and choice. We are seeing many hopeful buyers continue to wait for interest rates to come down as they are predicted to do. Now is a good time for buyers to take advantage of the increased opportunities. When interest rates come down, there could once again be a strain on inventory,” says Nicolas von Bredow, Cornerstone spokesperson for the Hamilton-Burlington market area.  New listings have remained relatively consistent with long-term trends. However, listings are being met with slower sales, resulting in inventory levels above both last year's and long-term trends. A surge in inventory relative to sales has caused the months of supply to rise to four and a half months, reflecting the highest level seen for August since 2010. Higher inventory levels compared to sales have placed downward pressure on home prices.  In August, the unadjusted benchmark price stood at $840,300, down over last month and over two per cent below last year's levels. The steepest price decline is occurring in the oversupplied apartment condominium sector.

Sluggish sales and rising inventory persisted through August

<img src="//:0">Partner UpdateSeptember 30th, 2024 Just back from a few weeks of vacation and checking in with updates on some very important changes. On September 16th, the federal government announced that they would be increasing the cap on insured mortgages and expanding 30 year loans to more buyers.  High ratio insured mortgages previously maxed out at a $1,000,000 purchase price which meant that a buyer purchasing a home for $1,000,000 or greater would be required to put down 20% or greater to qualify. They are raising this limit to $1,500,000. This means that borrowers buying under $1,500,000 will have access to high ratio financing with less than 20% down, subject to qualification.  Earlier this year, the government had announced that first time buyers on high ratio insured purchases for new construction homes would have access to 30 year amortizations. The fact that they stipulated only for new construction homes was puzzling and made little sense. They have announced that all first time buyers can now access 30 year amortizations, making it easier to qualify. These changes are to take effect December 15th, 2024. Interest rates have been trending downward over the past month. The Bank of Canada has reduced the prime lending rate three times by a total of 0.75% so far this year. Current median projections for the prime lending rate have rates falling another 1.25% to 1.5% by the end of 2025. Fixed rate for 3, 4 and 5 year terms are down sharply over the past month.Please touch base with questions or if there is anything that I can do to further support you or your clients.Questions?Rob Cagnin - Mortgage Broker <a href="mailto:rob@robcagnin.ca">rob@robcagnin.ca</a>, 905-634-6111x113 Zack Kern - Mortgage Agent <a href="mailto:zack@robcagin.ca">zack@robcagin.ca</a>, 905-634-6111x115<a href="https://sender9.zohoinsights-crm.com/ck1/2d6f.327230a/7297dcf0-7f49-11ef-b9ee-525400d6cd4f/71caacf077a41997ec2cb38df8a9d6c60fa753e9/2?e=JCiKkRy%2FXJYflfkLPa9tDqM2wS%2Fta3ED0RaCzTQtRm48icoB7JwSQOBpaypznAgRNo0ASfp33cIJ8mqbcEEtoA%3D%3D"><img src="//:0"></a> <a href="https://sender9.zohoinsights-crm.com/ck1/2d6f.327230a/7297dcf0-7f49-11ef-b9ee-525400d6cd4f/74f65428e4fcbe3fd04f4bd4a9f3da2cc4fb42e0/2?e=djsnI7keyg%2BaU8%2B4AM4M%2BeQ0WzbUYB11RhgkhhLNIGnF7wy9Eltutn26Wg8HmtRp"><img src="//:0"></a> <a href="https://sender9.zohoinsights-crm.com/ck1/2d6f.327230a/7297dcf0-7f49-11ef-b9ee-525400d6cd4f/efd52620b587302e34d4fed303565ef2b4837bb7/2?e=I7ZXv9XJhx%2FwIvGTYEAYMA4pOXqKcf4LJzRNWsno%2Fc7LbZ5j94U6Nv8gHg9DkLw0"><img src="//:0"></a><img src="//:0">Indi Mortgage184 Plains Road East, Burlington ONL7T 2C3<a href="https://sender9.zohoinsights-crm.com/ck1/2d6f.327230a/7297dcf0-7f49-11ef-b9ee-525400d6cd4f/60924f069b528a13b1f57801e14bc79e5a3f926d/2?e=C4qvFHByQmhDgzVI1jTCa%2FPBlqGd8JF2o3e8BIaTm%2By8Bl5iJzbeY80zUDOyWrj9McZM%2BOxhFCyhbg5yTmY%2F9U98Isq21VEbPzZmFetc41oaa%2BHq1LKPiw1JSsmK2cFX%2Fm6kpIv5SqDeR2hEdhBXU7%2FHYcKizPGneL0Oey%2F7IzCJ2TryX7sEYO%2F3AYjOLm0AMV2MgaF0VLyXcOQFyOzEvEyBYf1DxgJzuQpd5KKq1NWU3vNq5ukvGV90UZsawUB642ks1ENK0r6lEyMZD5DuEkwNGnwmLEhySn1iGtMwPRhKleDVzb8gow87kt%2BOdX1Jz5qtuKPqxojx7Y3syK0q71tgn4Yzl%2BQpc0sDA%2BKmN7I%3D">Unsubscribe</a>