Despite the pressures of increasing interest rates and the new stress tests, the Toronto real estate market remains relatively stable, with more modest increases in price relative to the peak of the market in 2017. Which is great if you’re already in that market. But what about those buyers who can’t quite afford Toronto prices or those looking to invest in a less expensive property?
We’ve already seen a large shift of buyers to Hamilton in light of the above situation, contributing to a rejuvenation in it’s urban core. A trend we expect will continue into 2019. Here’s 6 great reasons to invest in the Steel town real estate market…
6 REASONS TO INVEST IN HAMILTON
You can buy twice the house in Hamilton for about half the price of Toronto. Lots of opportunities to buy into the housing market at affordable prices and raise a family in a safe and wonderful neighbourhood.
With the introduction of more Go Trains to make it easier to get to Toronto, Hamilton is on the rise. Internally the city is also adding bus service as well as looking to introduce an LRT going east to west in the city.
JOBS AND OPPORTUNITIES
The job sector is thriving with an increase of jobs in Education (McMaster University and Mohawk College), Medical Institutions (McMaster Medical School and Teaching Hospital, Juravinski Cancer Centre, St Joseph’s Hospital) and over 300 Research Facilities in the area in Medicine, Tech and Agriculture.
FINE DINING AND THE ART SCENE
Hamilton has seen a surge in fine Restaurants such as Brux House and Mattson & Co. on Locke St., a thriving local Organic Farming scene (Fernwood Farms and Lindley’s Farms) , a vibrant Art and Music scene (Hamilton Art Gallery, James St. North and Ottawa Street).
BEAUTIFUL SCENERY AND THE NIAGARA ESCARPMENT
Hamilton is surrounded by some of the most beautiful scenery and amazing views in Ontario with the famous Niagara Escarpment and the Bruce Trail. There are dozens of walking trails and water falls (Webster Falls, Tiffany Falls, Albion Falls) conservation areas and the famous Royal Botanical Gardens in the area. A revitalization of the waterfront is also in the works. Easy access to the entire Niagara Peninsula with it’s famous wine region and wineries, great views of Lake Ontario and of course Niagara Falls - all make this a world-renowned tourist destination.
PIVOTAL POINT IN THE NIAGARA PENINSULA
Hamilton has great access to both Toronto and Niagara Falls as well as Buffalo with easy access to several airports; Hamilton Airport, Pearson International, Billy Bishop and Buffalo Niagara International Airport.
“Hamilton is unstoppable," gushed a city news release from The Hamilton Spectator, which included a quote from Mayor Fred Eisenberger boasting that Hamilton has "the most diversified economy in Canada, with sectors including health care, manufacturing and agribusiness — that are helping to drive Hamilton's economy and create new opportunities for employment."
If you’re looking for a great place to raise a family in a more affordable and potentially peaceful environment, with great access to some wonderful amenities and great infrastructure, Hamilton might be for you.
We have a great listing with income potential in Hamilton. Give us a call for more information.