Prices are soaring in the Burlington, Oakville and Hamilton real estate markets, especially since the number of houses available on the real estate market currently is about 10% below the ten-year average. The price increases, however, are not uniform. In some neighbourhoods, the price increases are steeper than in others. In this article we will identify some of the popular neighbourhoods, and explain why the prices in these real estate markets are increasing more rapidly than elsewhere.
Some of the places that are currently hot areas for real estate are:
1. Alton Village – Located in Burlington’s north end, Alton Village is a growing community that appeals to young families and first-time home buyers. Since the homes there are relatively new, double income families are attracted to these “move-in-ready” properties. Alton Village features nearby community centres, large shopping areas, parks and brand-new schools. These amenities are all well suited to young families. Although the number of houses in Alton Village is growing, so are the prices.
2. Downtown Burlington – Downtown Burlington retained its small community culture over the years, and provides walkable access to the lake, and many restaurants, café’s specialty shops, a large waterfront park, cultural center and even a beach. The area appeals to a more mature population who are willing to forgo the larger homes and double garages found in other areas for the downtown character homes and the walkable lifestyle.
3. Pockets in Hamilton – Hamilton is an old city, with roots traced back to the late 1700s. It has long had a reputation as a steel-town, but lately has been seeing a tremendous revival. In fact, for the last few years, Hamilton has been rated the #1 city in Canada for real estate investment! Areas such as Loche Street, Herkimer, Gage Park and Rosedale have become very desirable for young professionals and young families. The key attractions are affordable historic brick homes with beautiful architecture, the close proximity to a growing number and wide variety of popular restaurants and bars, as well as a significant bay front development for recreation. These areas have become attractive for real estate investment where buyers can still find comparatively low-priced houses. However, with the extension of the Go Train into Hamilton and improvements in lifestyle opportunities, the demand for homes has increased, and so prices are rising rapidly.
How the Linda Maguire Team Helps You
The Linda Maguire Team, Royal LePage Burloak real estate agents, can help you find a home in these highly desired neighbourhood. With over 15 years of experience in real estate, and decades of experience in these communities, we know exactly where to find what you are looking for! We lead buyers through the often daunting process of buying a house in a real estate market with rising prices, and educate them about the market so they can make informed decisions. We keep our clients informed and help them every step of the way. These are traits that make The Linda Maguire Team from Royal LePage Burloak an excellent choice for securing a home in an area that fits your needs.
About The Linda Maguire Team
The Linda Maguire Team are Royal LePage Burloak real estate agents are highly experienced and dedicated to clients and their needs. The Team consists of Linda Maguire, Brian Maguire, Elaine Blamauer and Cathy Buttrum. Contact these Royal LePage Burloak real estate agents today!