Hamilton’s Average Home Price to be $510K According to CMHC?
At Robert Floris’ Mortgage Architects Hamilton office, we are embarrassed that we missed this report in May of this year. Canada Mortgage and Housing Corporation which is essentially the Canadian government regulatory body studied our Hamilton Wentworth area. It is their belief that 2900 homes will be built in 2016 and they estimate 2800 to be built in 2016 and they estimate 2800 to be built in 2017. What peaked my interest was that CMHC believes the average price will be over 9 and a half million dollars.
Wow, what happened to the Hammer. We were once considered a cheap destination. It’s obvious to me Hamilton-Wentworth has been discovered.
Robert Floris is a licensed mortgage agent located on the Hamilton East Mountain serving Hamilton, GTA, Ontario and the rest of Canada.