Canada’s national median home listing price this month is $319,900, which means that Hamilton is in the top 20% for Canada.
While the median for Ontario is $379,900 , which means that Hamilton’s median price is $397,600 considerably better than the rest of the province.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing has properties with fewer bedrooms.
Ontario has the most amount of properties available to property investors, with Hamilton having 6th most in the province, out of a total of 1220.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Hamilton will hopefully provide an indicator to help you where to research in-depth
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Hamilton there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.
Across the nation CREW lists data for 998 neighbourhoods, and this month Hamilton is number 300 putting it in the top half of the country .
The $249,900 price tag on the median Hamilton home means that it is above the cost of most houses in the country.
Across Canada the most common number of bedroom property being listed has 2 bedrooms, in May this neighbourhood’s most common listing has properties with fewer bedrooms.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Hamilton has a huge choice compared to the rest of the province
As one of Ontario’s many potential real estate investment neighbourhoods, Hamilton needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
If you are looking at investment properties in Hamilton, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.