Welcome to Hamilton, the Steel Capital of Canada!
Hamilton is the third largest city in Ontario, it is located at the center of the Golden Horseshoe, and is a major steel producing, manufacturing, and University town.
In 15 years, Hamilton’s population has increased by 9.5%, from 490,260 in 2001 to 536,930 in 2016, making the demand for new housing options very high. It is also a promising place for investment as the city saw a 20% increase in the price of resale condos from 2016-2017 with an average price of $354,363.
With McMaster University located in Hamilton and over 30,000 students enrolled there every year, students will be looking for accommodations near the school. This is a great opportunity for investors to take advantage of developments in the area and rent them out.
Hamilton is well connected to Toronto and the rest of the GTA through the QEW. The QEW becomes the Gardiner Expressway leading into Toronto, allowing residents to commute into downtown easily. There are also transit options available within Hamilton, including GO Transit and HSR, Hamilton’s regional transit system.
Hamilton also has its own international airport; The John C Munro Hamilton International Airport. It offers both commercial and industrial flights within Canada and the United States.
With the price of real estate in the GTA becoming out of reach for some home buyers, Hamilton is a great place to consider calling home because of its reasonable prices and its ideal location for commuters.
Search and compare condos today and let a CondoNow Certified Expert make Hamilton home!