Hamilton is still booming!
Our housing market isn't showing any signs of slowing down much, and in the next year, it's expected to grow once again. According to the Canada Mortgage and Housing Corp., "Hamilton is on track to break its record of 13,471 home sales this year."
It's expected to be a strong year once again for Hamilton, maybe even stronger than the last! Any kind of slowdown isn't expected until 2016, but that slowdown won't show any losses in value to homeowners.
Baby Boomers seem to be part of the reason for this. They seem to be staying in their homes longer which creates a supply shortage. It's also bringing more people into the city because they are being priced out of Toronto's expensive housing market.