Hamilton Real Estate Market
It is not news that the fate of real estate market in much of Canada has been uncertain over the last couple of years with the collapse of the housing market in the United States. Many market did see a decline in prices and sales but thankfully the Hamilton real estate market has been able to come out of this situation fairly well. In fact as prices fell on certain types of properties in cities such as Toronto the decline in the Hamilton market for the same homes was very little.
Hamilton still offers affordable home ownership opportunities and that has helped to keep the demand for real estate in the Hamilton market in a healthy position. This has also been helped, in no small part, by the record low cost of borrowing. But as the mortgage rates begin to climb, as they already are, the market could start to slow. Any slowdown, however, is expected to be temporary as buyers realize that homes in the Hamilton area are still affordable a resume their entry in to the market.