Few things have been certain during the pandemic, but one thing we can count on is Hamilton’s red-hot real estate market. Before Covid-19, Hamilton had a 10.1 per cent increase in property sales for 2019. During the crisis, real estate experts pondered how a market this steamy would respond to buyers with shaken confidence and financial insecurity. But, even that obstacle was no match for a market with skyrocketing demand. 

As we enter the fall of 2020, it’s safe to assume that Hamilton will continue to attract buyers and give sellers a prime opportunity to sell. Here’s why:

Commuters Can Work from Home

Many new homeowners in Hamilton are from various parts of the GTA, specifically from downtown Toronto. Their jobs were keeping them in the city, but they would much prefer to live somewhere more affordable. Hamilton was the perfect option for these young professionals who could take advantage of the short commute. 

Now that so many companies having switched to remote working models, people that stayed in the city to be close to their jobs no longer have to. They can maintain their positions by working from home while enjoying the more affordable housing options in Hamilton.

Hamilton’s Appeal is Only Growing

Each year, Hamilton’s appeal to local and out-of-town buyers grows. More amenities, housing options, and community features get established which increase the allure of moving here. The restaurant and bar scene is lively, despite the restrictions due to Covid-19. Communities are quick to support local businesses and keep the dining and entertainment culture alive.

Plus, there are so many fun things to do in this city. 

Residents have access to many different trails and parks, giving remote workers lots of options to get out of the house. There are over 100 waterfalls nearby as well as the remarkable Bruce Trail. The Royal Botanical Garden has several fun events happening outdoors this fall including the beloved Arts in the Garden. Visit the drive-in, go apple picking, and listen to some live music at the outdoor Something Else! Festival. 

It’s Still a Sellers’ Market

Summer saw a hot sellers’ market with limited supply and super-high demand. Most properties received multiple offers giving the seller the pick of the crop. Currently, the Hamilton market is selling 80% of the inventory available each month, and that is expected to continue into fall. In fact, it’s predicted that fall housing prices will increase by 3-4%. Sellers who have been holding off putting their property on the market during the pandemic should seriously consider listing in the fall. 

Interested in Buying or Selling Real Estate in Hamilton?

If you’ve been waiting to sell your property, there’s no better time than the present. Our experienced team can ensure you get an amazing deal for your listing. And, if you’re looking to buy in Hamilton, let one of our experts guide you to the perfect neighbourhood and home for you. Find out more by contacting us today!