Equity Refinance Mortgage Loans Canada - Equity Mortgage Loans Canada - Second Mortgage Loans Canada
Mortgage Loans Canada, Mortgage Refinance Canada, Equity Mortgage Loans CanadaOnline Mortgage Application Form Instant Mortgage Approval 1-866-573-3122 24 HOUR CUSTOMER SERVICEEQUITY REFINANCE MORTGAGE LOANS CANADA BLOGMortgage Canada Buying and selling a home cheat sheetMortgage Canada Words To Know When Buying A HomeImportant Mortgage Websites linksMortgage Canada Basics - Mortgage Canada GuideMortgage Canada CMHC Newcomers to Canada Buying your First HomeMortgage Canada CMHC Home Buying Step By StepMortgage Canada CMHC Condominium Buyers GuideMortgage Canada Compare all Canadian Credit CardsHow Credit Effects Your Canadian MortgageMortgage Canada CMHC Housing Market Outlook Canada Edition Page 1Mortgage Calculator - Mortgage calculators allow you to make informed mortgage decisions
Equity Refinance Mortgage Loans Canada, Home Equity Unlocking, 1st & 2nd Mortgages, Your Mortgage Experts. My right Mortgage, INSTANT APPROVAL 24/7 CUSTOMER SERVICE FAST MORTGAGE PAYOUTS IN CANADA HIGHEST MORTGAGE APPROVAL RATE IN CANADA 1-866-573-3122

HOME BUYING, BUYING YOUR FIRST HOME & INFORMATION FOR SEASONED HOMEBUYERS
FINANCIAL CONSUMER AGENCY OF CANADA
CANADIAN ECONOMY NEWS
MORTGAGE BROKER NEWS
October, 2015
November, 2015
December, 2015
January, 2016

Hamilton housing sales to soar through 2016

This will see the Hamilton housing market continue outperforming other locations, according to economists and other industry observers.
 
Figures from realtors’ organizations stated that as much as 16,000 properties have been sold in Hamilton and Burlington last year, amounting to around 9 per cent more homes sold between January and November 2015 than in the same period in 2014.

Hamilton housing sales to soar through 2016

by |
 
This will see the Hamilton housing market continue outperforming other locations, according to economists and other industry observers.
 
Figures from realtors’ organizations stated that as much as 16,000 properties have been sold in Hamilton and Burlington last year, amounting to around 9 per cent more homes sold between January and November 2015 than in the same period in 2014.
 
This momentum is projected to see Hamilton retain double-digit growth well into 2016, according to Diana Petramala of TD Economics.
 
While such a rate would be unsustainable in other areas, Hamilton currently enjoys a healthy market fuelled by stable prices and a relatively high per capita purchasing power, Petramala added.
 
Economists also cited the historically low interest rates as a primary driver of the increased purchase volume in 2015.
 
Analysts warned that this frenetic growth rate is not beneficial for everyone, though. Especially affected are first-time buyers who get the short end of the stick in bidding wars and lower-income households who might face added pressure in the form of possible price spikes in 2016.
 
This is seen as a major contributor to the rising popularity of rentals, since those living beneath the region’s income average tend to gravitate towards more affordable options. However, even Hamilton rentals have not proven immune to price increases. In fact, rents rose as sharply as 3.8 per cent last year, mostly due to gentrification.
  • Ray S on 2016-01-14 10:04:56 AM

    was the best kept secret and still a good value

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

 

Name (required)
   
Comment (required)
   
 
   
   
  By submitting, I agree to the Terms & Conditions
 
 
 
 
<< Back Add New Comment
0 items total
Add New Comment
Name*
Subject*
Comment*
Please type the confirmation code you see on the image*
Reload image

Powered by 4GoodHosting