Last Updated on July 27, 2024
Located in the southern part of Ontario, Hamilton is home to many real estate properties that are worth investing in. The city has a lot to offer, including affordable prices, a strong rental market, economic growth, and infrastructure development. However, it is important to do thorough research and seek professional advice before making an investment decision. This will help you minimize risks and maximize your chances of success.
The city’s historic residential neighborhoods feature a variety of homes, from early 20th-century family residences to new condo developments. In addition, the downtown area is a mix of business and corporate buildings and heritage structures, reflecting the city’s urban renewal efforts. The downtown core is full of shopping and dining options, and residents can also enjoy the 93-hectare Confederation Park, which features hiking trails, forests, and a beach.
According to the RAHB, there were a total of 996 residential real estate sales in Hamilton in March 2024. This is a slight decrease when compared to the previous month, but still a significant increase over last year. The sales-to-new-listings ratio in Hamilton is below 40%, which means that the market favours buyers. This may be due to low mortgage rates and high inventory levels.
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