If you grew up in this part of the world, you probably remember a time when Hamilton was known primarily as “Steeltown.” Do things ever change! Today, this Southern Ontario city is one of the hottest real estate markets in the country. Whether you’re looking for an investment with potential or the perfect home, there’s no place more deserving of being at the top of your list than Hamilton. But before you start your search, let’s delve into some background.
Here are five things every buyer should know about Hamilton real estate…
1) There’s so much value here
Most Canadians are aware of the incredible investment potential of Toronto real estate, but Hamilton’s reputation is catching up quickly. In recent years, the city has made headlines for price growth that’s outpacing national averages. Fortunately, its popularity with homeowners remains strong—and that’s paving the way for even more impressive property values.
At the same time, there’s still greater affordability here than you’ll find in the nation’s biggest city. In other words, the difference between what you’ll pay today and receive when you sell tomorrow could be substantial.
2) Transit is making a difference
Speaking of home value, transit can impact it in a significant way. Most buyers are looking for convenience, which means quick commutes to work—and (in many cases) across the Greater Toronto and Hamilton Area. Enter GO Transit. Today, it’s serving more Hamiltonians than ever before—and it’s still expanding.
Specifically, Confederation Station is currently slated for construction, and West Harbour recently doubled its rush-hour service in both the morning and afternoon.
3) It’s a great place to get closer to nature
For many buyers looking at Hamilton real estate, being close to nature is a big draw. Think majestic waterfalls, such as Tiffany, Albion, and Smokey Hollow Falls. Picture pristine forests, like the 1,200 hectares you can explore via the Dundas Valley Trail System.
Having access to these types of natural wonders is important to many homeowners—especially at a time when the safest social interactions take place outdoors!
4) Buzz-worthy neighbourhoods keep popping up
The word is out. Hamilton is a great place to live, whether you’re looking to start a family or retire. But in recent years, the city has also become known as a mecca for hip young professionals. Whether you’re looking for arts festivals and a killer music scene or exciting new restaurants, nightspots, and boutiques, you’ll find what you’re searching for here.
If you have both an adventurous spirit and an eye on future financial success, consider one of Hamilton’s up-and-coming neighbourhoods. Kirkendall North and South, which are close to lively Locke Street, is a great example.
5) It’s the ultimate place to escape Toronto
It’s not just the fact that your dollars can go further here than in Toronto—or that you could see significant price appreciation in the years ahead. It’s also about the quality of life you’ll enjoy if you decide to make Hamilton home.
Convenient transit, unique amenities, and gorgeous outdoor spaces are part of it. But so is the welcoming feel and sense of community you’ll enjoy here. It may be one of Canada’s most exciting cities, but Hamilton still offers all the best aspects of small-town living. At a time when we’re all more aware than ever of the value of home, there’s no better place to be!
Curious about Hamilton real estate? Interested in learning more about life in Hamilton? Get in touch—we’d love to show you what makes life in this community so great!