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Team Balcazar

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RE/MAX Escarpment Realty*

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Best Places to Live 2020: Hamilton Real Estate

Best Places to Live 2020: Hamilton Real Estate

April 30th, 2020

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Hamilton is expected to see a 25-per-cent increase in unit sales for the suburban families and buyers looking to move up in the market. The “move-up” demographic accounts for the majority of buyers in the area. The average price for homes in Hamilton can vary dramatically depending on the neighbourhood.

So, what are the best neighbourhoods in Hamilton to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks for Hamilton and the surrounding area.

10 Most Liveable Neighbourhoods in Hamilton

  1. Beasley
  2. Corktown
  3. Crown Point East
  4. Normanhurst
  5. Homeside
  6. Parkview East
  7. Uptown Burlington
  8. Mountainview
  9. Durand
  10. Gibson

The three most affordable neighbourhoods in Hamilton, Crown PointHomeside and Vincent, range in price from $365,615 to $375,029. The region’s most luxurious neighbourhoods, Ancaster HeightsSulphur Springs and Durand South range in price from $1,017,450 to $1,043,689. Proximity to independently owned retailers, gyms, bars and restaurants are some of the top liveability factors for the most affordable and most luxurious neighbourhoods in Hamilton.

Hamilton’s Future Liveability

Hamilton’s liveability is expected to continue improving in the next three to five years. Increased development and a rise in strong restaurant culture throughout Hamilton is making it more attractive for those seeking a neighbourhood with increased density while still experiencing affordable living and access to green space.

Hamilton at a Glance

Tucked on the western edge of Lake Ontario, Hamilton has become a hot spot in recent years, attracting homebuyers seeking respite from the high prices characterizing Toronto real estate. Hamilton’s economy is largely driven by its manufacturing sector, with healthcare and education also being large contributors to the local economy. Fun fact: there are more than 100 waterfalls in Hamilton!

Best Places to Live in Canada

Best places to live ranking

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Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.

To learn more about liveability in Canada’s biggest housing markets, read the RE/MAX 2020 Liveability Report.

 

SOURCE:  https://blog.remax.ca/best-places-to-live-hamilton/

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