Lots of positives make for strong Hamilton market

“A growing Hamilton economy, strong demand from buyers who have been priced out of the GTA market and the opening of a new GO Station in the North End have all combined to make for an increasingly hot real estate market. Housing starts in Hamilton are in demand with plenty of new homes under construction on the Hamilton Mountain as well as in nearby Stoney Creek, Ancaster, Waterdown and Binbrook. Comparing August to the previous month of July, the number of homes sold was down from 1,563 to 1,251, while the inventory of homes in the marketplace rose from 2,381 in July to 2,737 in August. Average days on market remained relatively the same: 33 days in July vs. 36 days in August.”

Dominic Mamone, Hamilton, ON - Solidifi EXTRAORDINARY APPRAISER