The Booming City: Hamilton
JULY 12, 2015 // ADMIN // FW REAL ESTATE
July 2015
by Rachel Luisetto
Hamilton, also known as Steel City, is quickly gaining another title- the hot spot for real estate. The real estate market is significantly booming compared to all other years. According to the Realtors Association of Hamilton-Burlington, there were over 2000 property listings this past May which was a 4.5 percent increase compared to May 2014. At the end of the month, the property listing inventory was 8.9 percent lower compared to last May. This means that homes are selling at an increasingly fast rate. Why Hamilton you might ask? Well for one, it was rated the second best real estate investment spot in all of Ontario. Affordable luxury condos and townhouses are popping up all over the downtown/Hamilton Mountain area. These good prices are attracting families as well as first-time homeowners. The Vrancor Group has been playing a major role in the revitalization of the downtown area. They gave new life to the city’s historic Heritage Building by transforming it into luxury condominiums that offer views of the city’s beautiful skyline and Hamilton Harbour. Bella Tower Luxury Apartments is an up and coming project that they are currently building. The Vrancor Group claims it will “change the way people see rental apartments”. Another top builder is Losani Homes, known for their outstanding home designs and excellent quality. Losani Homes is known for building ready-made homes that allow the customers to see the final result before purchasing. This eliminates all the stress of buying a home and waiting a year or so until the construction begins. If you are thinking of purchasing a home in this wonderful city, now is the time to do it.
