Quote:
Originally Posted by mdrejhon
There is a lot of errors in the HuffingtonPost article, as if it is written by an outsider, but there seemed to be enough research, that it was a relatively decent judgement of a hot neighborhood, given Hamilton's rocketing real estate values (while super-expensive by Hamilton standards, very cheap by Toronto standards and Toronto's proximity). If you had to narrow down to a specific Hamilton neighborhood, that was a really good choice, given the boat is now missed on Locke (property prices already high), but the Gage-area bandwagon, in my opinion, hasn't yet fully passed.
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The irony is that
RentSeekers.ca's Top 10 is ostensibly intended as a service for those seeking to rent, while their "Hot Neighbourhoods" tip is being held up as advice to real estate investors, not to prospective renters. The Delta area has long been affordable to buyers and renters, but the dramatic 30% contraction in vacancy rates between 2014 and 2015 suggests that may not be the case for the latter much longer. CMHC stats show that over the past five years, Central East has gone from the highest vacancy rates in the Hamilton CMA to the third lowest. There's the heat.