2021 has been off to a great start for the de Denus Team. Despite the pandemic, we’ve helped our clients buy and sell all over this city and we don’t plan on slowing down. But as winter comes to a close, you may be wondering what to expect from the market this spring.

RE/MAX released the Hamilton Burlington Housing Market Outlook (2021), and here’s what you should know if you plan on buying or selling this spring:

Continued Influx of Buyers from Toronto
Working from home seems to be the new normal for most companies, so employees that were once locked to Toronto can move elsewhere. Hamilton has been an extremely popular location for ex-Torontonians looking for affordable properties and outdoor amenities.

This spring, expect to see more prospective buyers coming to Hamilton. Many buyers are waiting out the winter to start their search, so you can expect even more interest in your property for sale this spring.

Further Pressure on House Prices
Hamilton’s average house prices rose by over $100,000 from the end of 2019 to the end of 2020. That trajectory is likely going to continue rising because the demand for houses in Hamilton doesn’t have an end in sight. The report predicts a 7 per cent price increase in residential sales in 2021.

Hamilton Reawakens in Spring
Both buyers and sellers can look forward to the Spring Market in Hamilton because that’s when this beautiful city starts showing off all of its outdoor amenities and activities.

Buyers should explore all the different neighbourhoods in Hamilton to see which one suits their lifestyle and budget. Each community has something amazing to offer, whether it’s the lakefront, dog parks, sports fields or hiking trails, there is no shortage of outdoor areas to enjoy
this spring in Hamilton.

Sellers will benefit from increased curb appeal, a return to outdoor life, and warmer weather. Now is the time to start preparing your home and tackling any projects that are on the to-do list if your plan is to list your home for sale in the upcoming spring market.

Real Estate and Covid-19
There’s no way around it: Covid-19 has accelerated housing prices in Canada. The desire for more room, record low-interest rates and inventory, and a simpler lifestyle outside of the city has fueled growth at unprecedented rates. However, as the vaccine gets distributed and more
citizens get access to it, we’re able to see a light at the end of the tunnel, and it seems reasonable that we will eventually return to a more balanced market.

Ready to Take Advantage of the Spring Market in Hamilton?
If you’ve been considering selling your property all winter, now is the time to act. The de Denus Team can help you prepare your property for sale and secure you the deal of your dreams.

If you’re ready to make Hamilton your new home, we can’t wait to welcome you to our favourite place to live and work! We have access to tons of listings (public and exclusive) to suit your needs. All you have to do is contact us today to start the search!