Hamilton is currently regarded as one of Canada's hottest real estate markets as record sales are being posted month after month so far in 2015. Last month, June, saw a 31.2% increase in sales over the previous month. In certain areas of the city we are seeing homes selling for far above the listed price as the inventory remains low comparing to the demand from buyers.
With the GO Train service being expanded into the city of Hamilton many first time buyers are seeing an opportunity to invest into Hamilton as the average price point is still far less than Toronto and even the outlaying suburbs just west (Oakville & Burlington). It is indeed a Seller's market and there is no sight of this ending anytime in the near future.
* All statistical information sourced from RAHB (Realtors Association of Hamilton-Burlington
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