Since 2012’s record breaking year, building permits have continued to break the $1billion dollar mark. 2018 was a record breaking year in construction for the city – in the first 9 months alone they were over 1Billion dollars in permits – the earliest that threshold has been passed.
The REALTOR’S® Association of Hamilton Burlington has released its year end report for 2018, we see that prices and number of sales dropped as expected from 2017. This doesn’t mean disaster for sellers, just a slower pace and perhaps more attention to be paid to pricing strategies. And you need to talk to your REALTOR® about areas, and values, they are changing on a seemingly daily basis. But Hamilton has lots of room to grow, lots of neighbourhoods on their way and still lots of great opportunities for first time buyers looking to get into the housing market even though the pace has increased.
For many, the average price of a detached, single family home in Hamilton and the surrounding areas puts home ownership within reach. Prices are definitely going up, and yes, you can absolutely spend $1million plus, but a solid, well cared for home is attainable here for many young families that may otherwise not have been able to buy. There are also lots of great options for smaller bungalows for people looking to downsize. 2017 brought an incredible amount of attention to the housing market in the GTA with numbers increasing too fast, the average prices growing, as well as with the Ontario Government getting involved with the 16 point Fair Housing Plan. Things have evened out since then, as the overall GTA is dealing with things more balance, but competition is still out there in some neighbourhoods and price points.
What people are saying
- Globalnews December 2018 – Hamilton Housing prices up 70 per cent from 2013
- CBC November 2018 – In the year the market cooled, these Hamilton Neighbourhoods stayed hot
- Huffingtonpost December 2017 – We’re Torontonians who moved to Hamilton, and we come in peace
- CBC September 2017 – Divided Days: Hamilton newcomers build lives here while commuting to Toronto jobs
- Toronto Life June 2017 – The New Hamiltonians
- CBC April 2017 – As province moves to cool Toronto housing, what happens in Hamilton?
- Money Sense April 2017 – Hamilton’s Top Neighbourhoods
- The Toronto Star Sept 2016 – Hamilton is Having its Moment
- Moneysense March 2016 – Canada’s Top Cities to buy Real Estate in
- Hamilton Spectator April 2016 – Hamilton’s sizzling housing market has few worries
- CBC October 2015 – House prices overvalued in Canada, but not in Hamilton, CMHC says
- Globe and Mail March 2015 – Hamilton’s great leap forward: New condos, transit boost real estate
- Hamilton Spectator March 2015 – Hamilton’s renaissance is no illusion
- Globe and Mail January 2015 – How Hamilton is revitalizing its downtown to bring new life
- CBC January 2015 – Boom town: Hamilton housing expected to stay hot in 2015
- Globe and Mail July 2014 – Hamilton joins Canada’s red hot housing market
- Global July 2014 – Here’s the hottest housing market in Canada nobody’s talking about
- CBC December 2013 – Special Report: Sold! How a hot real estate market is changing Hamilton
The Hamilton Spectator October 2013 – Why is it a good idea to move to Hamilton?
- The Toronto Star June 2013 – Bidding wars, soaring house prices hit Hamilton real estate
Emerging TO April 2013 – Hamilton: Toronto’s Next Emerging Neighbourhood?
- CBC May 2012 – Downtown making slow, sure gains
Huffington Post August 2011 – Why this Cool Kid Moved to Hamilton
The National Post October 2010 – The Secret’s Out: Why the cool kids are moving to Hamilton
“It looks like Hamilton is still a tight market. There are few places like that in Canada.” – Marc Pinsonneault, senior economist with the National Bank of Canada