Housing

Hamiltonians are fortunate to have a huge variety of living accommodations available. The million-dollar properties in Ancaster and Durand neighbourhoods offer a special kind of drawing card for people from the GTA, who will get much more house for their money in this area. However, Hamilton has something for everyone in all markets; neighbourhoods with lovely family homes, high and low-rise condos, townhouses, master-planned communities, homes near golf courses and yacht clubs, and houses near conservation areas that are surrounded by nature but close to all the amenities of a big city. In Hamilton, you can have it all. According to the 2006 census there are 204,962 total dwellings in the Hamilton area. The value of residential building permits for 2010 was $590.8 million compared to $282.2 million in 2009 and there were 2,282 housing starts in 2010 compared to 1052 housing starts in 2009.

Source:  Housing Starts CMHC
Source:  Building Permit data City of Hamilton Building Department

Average Hamilton house prices

Municipal Property Assessment Corporation (MPAC) 2008 average home prices for Hamilton Ontario are:

Source: MPAC 2008

Buyers driving real estate in our area include wealthy baby boomers looking to move-up, and empty nesters, seeking townhouses and condominium apartments. Aging boomers are downsizing but are unlikely to compromise on quality and are looking at luxury condominiums in desirable areas like Ancaster.