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Suburb Creep: What GTA’s Continued Push Into Hamilton Means For Those Already Living There

Author: 
Robert Van Rhijn
Publication date:
June 4, 2022
Article Summary: 

The search for affordable housing is pushing many Torontonians out of the city to locations such as Hamilton, and it's causing prices to rise. The city's property values have increased by 68% in one year, with the average cost per square foot on a condo sale rising from $388 to $641. The rise in prices is mainly attributed to a shortage in supply and an exponential increase in the number of homebuyers trying to make Hamilton their new home. Christopher Climie, a partnering agent at Strata.ca who specializes in Hamilton real estate, says Hamilton was one of the last places to find affordable housing with relative accessibility.



Keywords: 

affordable housing, Toronto, Hamilton, property values, condo sales, shortage in supply, homebuyers, Christopher Climie, Strata.ca, real estate, accessibility.



Source Citation: 
Robert Van Rhijn
Suburb Creep: What GTA’s Continued Push Into Hamilton Means For Those Already Living There
June 4, 2022
https://strata.ca/blog/suburb-creep-what-gtas-continued-push-into-hamilton-means-for-those-already-living-there
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