The news of 15,000+ members of Ontario’s construction industry on strike has brought on inquiries about how it will affect the market. As these workers are crucial to this prime building season, we expect disputes to be settled as soon as possible. However, if construction wages increase, the cost to build follows. As Toronto maintains its $1,600/PSF – $2,100/PSF average, coupled with its recent years of downturn in construction versus population ratio, opportunities for affordable housing are more attainable in the GTA submarkets. Hamilton is a prime example, an area experiencing a renaissance with less than an hour’s drive or a 60-minute GO Train ride from the Metropolitan city.
Based on the trends observed in the April housing market, it certainly appears that the Bank of Canada is achieving its goal of slowing consumer spending as it fights high inflation.
TRREB President Kevin Crigger
Hamilton is a prime example, an area experiencing a renaissance with less than an hour’s drive or a 60-minute GO Train ride from the Metropolitan city. Hamilton is buzzing with the arts, culture and hospitality sectors in resurgence. Milborne highlights Hamilton as the place to be with its upcoming launches central to the downtown core, future LRT line and developing waterfront. With several thousand units emerging in this vibrant city with a vision, it’s easy to say Hamilton is next!
75+
International Projects
205+
Clients
171+
Industry Awards Since 2oo3
45+
Years in the Making
850+
Projects
$70+
Billion in Sales
150+
Team Members Trained in the Milborne Method
165K
Units Marketed and Sold
8008
Sales Activity
Source TRREB, Market Watch April. 2022
$1254436
Average Price
Source TRREB, Market Watch April. 2022
18413
New Listings
Source TRREB, Market Watch April. 2022