Dundurn Castle Hamilton Ontario

Hamilton Investment Property Ranked #1

Hamilton Investment Property is ranked in the top 10 Ontario places to invest. In 2008 Hamilton was ranked  #5 on the list of places to invest in real estate. In 2011 Hamilton ranks  the best city in Ontario to invest. 

Hamilton Investment Property is an investment with a future not a past.

Hamilton’s economic diversification which is shifting away from the dirty steel town impression, new immigration to Canada from other parts of the country settling here, low mortgage rates, migration of housing refugees from Toronto, improved GO Transit service, completion of the Red Hill Valley Parkway and booming development at Hamilton airport in Glanbrook are all reasons for the new bloom on Hamilton’s real estate market and it’s high ranking for hamilton investment property.

For the most part, Hamilton investment property is undervalued.

Average house prices in Hamilton were up almost 6 per cent in January 2007 compared to January 2006. The Realtors Association of Hamilton-Burlington says that ‘Consumers are continuing to show confidence in resale housing’ and reports that 823 properties were sold in January 2007, a 1 per cent decrease from the same period last year. The number of properties listed rose by almost 6 per cent to 1,723. During January 2007, 786 homes were sold, including 650 houses and 136 condominium properties. The average price of non-condominium properties was $268,729 while the average price of a condo was $193,735.

Hamilton Investment Property Hot Zones: 

• Hamilton Investment Property in the East End: Anywhere within 500 metres of a ramp from the Red Hill Valley Parkway is expected to open up economic potential in the area, especially the east mountain because of the “easier commute.”

• Hamilton Investment Property in Westdale: Anywhere near McMaster University where investors continue to buy property as student housing.

• Hamilton Investment Property in West End: Anywhere within 15-minutes of McMaster Innovation Park (being developed on Longwood Road)

• Downtown Hamilton Investment Properties: Central city, north of Main Street. A lot of activity by landlords picking up two-family and three-family homes as income properties.

Source: Wikipedia

Hamilton Investment Property