Greater Hamilton Area Market Update

A LOT has happened in the Real Estate Market this year. Needless to say, it has been a rollercoaster of emotions for many.

We have created a market update to show how each neighbourhood in the GHA (Greater Hamilton Area) has performed since the beginning of this year- and it may take your breath away! As you examine the image below, keep in mind that April was the first full month of the lockdown. Here are a few of the key takeaways.

A lack of housing supply has caused prices to skyrocket in almost all areas.
Incredibly low interest rates have increased buyer demand
Buyers looking for detached, semi-detached, and townhomes are adding to buyer demand for these property types and away from condos.
Buyers looking to leave the GTA are increasing demand in the GHA. Fact: 50% of all homes sold in the GHA are sold to GTA buyers!

If you’re looking to sell, now is a great time.

If you’re looking to buy, it’s a good time to get into a very robust market, but there are definite challenges.

As always, if you have any questions, feel free to reach out 🙂