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At Robert Floris’ Mortgage Architects office we were mildly surprised to learn that 2016 values rose in Hamilton along with the giants: Vancouver and toronto. Today we analyze the good and bad of these price increases.
Good:
1. If you own a home, your value certainly increased.
2. Buyers are restoring not only homes but the neighbourhood as well which makes Hamilton a better City.
3. Expectations in 2017 is that this increase will continue.
4. Helps our local economy as building permits are up.Bad:
1. Makes it more difficult for local Hamiltonians to purchase as their affordability level decreases.
2. Our secret on how great Hamilton is as a City has been discovered.
3. Hamilton is no longer considered inexpensive.
4. Local your have moved to Brantford and other areas of Ontario to enter the housing market.Robert Floris is a mortgage planner, born and raised in Hamilton, Ontario. He offers free advice on financial planning and mortgages with no pressure and no obligation. You can apply for a mortgage online on his website at: Online Application