Real Estate Market in 2012
Jan 13 Press Release
As the newly installed President of the REALTORS® Association of Hamilton-Burlington, it is an honour to comment on the anticipated real estate market. What are the trends most affecting the expected housing prices and the amount of sales activity? Well, we are expecting steady, stable growth in the greater Hamilton-Burlington area, including those areas immediately to the south such as Caledonia, Hagersville, Dunnville and those abutting our neighbouring regions such as Grimbsby, Flamborogh and such.
Buyers and Sellers will benefit from a mostly predictable market, with anticipated price increases in the area of 3% and similar numbers of house sales as experienced in 2011. It remains a sellers market, however for those migrating from the GTA, the value of property in Hamilton seems an almost unbeleivable deal!
With employment at 1% lower than the national average, some new commercial growth meaning better nad more jobs, and steady low interest rates, the outlook seems veery positive.
For more detail, have a look at the article in today's The Hamilton Spectator at http://www.cbc.ca/news/canada/story/2012/01/13/mortgage-rate-low.html.
Cameron Nolan is a long-time resident of Hamilton and a leading residential and commercial real estate broker in the area. His radio show Real Estate Made Simple can be heard on the first Saturday of every month on AM 900 CHML.