The International Monetary Fund studied 11 large metropolitan areas in Canada and found that while there’s been price growth in a number of cities across the country, most home pricing was explainable by conventional understanding of macroeconomics in real estate. The working paper, Assessing House Prices in Canada: Borrowing Capacity and Investment Approach, states that in most markets median household income and mortgage rates should provide a rough guide to pricing.
RAHB data shows in October the average home price for Hamilton went up 7.1 per cent year over year, to $602,029. As recently as 2015, average Hamilton home prices were below $400,000. But RHAB’s own market data said that prices and sales went up again in October. “We started out the year in a much more balanced position than we experienced in 2016/2017, but the last few months have been favouring sellers,” Burrell said.
Hamilton is chock-full if ANTIFA and other radicals as well, more reasons not to invest in or move to Hamilton.