The Canadian real estate market has seen a significant uptrend in the last several years. Specifically, several secondary market’s have seen material growth in infrastructure and residential home prices pushing these cities into the primary real estate territory.
The Hamilton/Burlington market, being one of them, has experienced stable growth over the last decade. April’s market data continued to support this trend as average residential home prices increased 3.9% to $589,324 from April 2018..
The region had a reported 1,226 sales of residential properties located within the RHAB (REALTORS® Association of Hamilton-Burlington) market area. This is a 66.8% increase from February 2019, and a 6.3% increase from the previous April.
Specific neighbourhoods amongst the region see differing results. One noteworthy neighbourhood that continues to exemplify growth is Hamilton Mountain area. Sales decreased 7.33% from last year although the region continues to increase as average sales price rose 8.58% to an average price of $512,043 from last April.