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Old Posted Mar 18, 2021, 9:37 PM
TheRitsman TheRitsman is offline
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Join Date: Sep 2017
Location: Hamilton
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Quote:
Originally Posted by Innsertnamehere View Post
My understanding is that the real estate market in COVID has largely been the result of people leaving Toronto and moving out to the 905 / 519 / 705 area.

So rents in Toronto have dropped, while basically anywhere within 150km of the city has seen rents increase as people move outward.

So that would be my bet - rents aren't falling in Hamilton because the rate of people moving here from Toronto has increased.
That and people have been moving into Hamilton in numbers way above the supply. Toronto is building absolute shitloads of housing, so even a slight decrease in people moving into the city would affect it. Add to that immigration has all but stopped, and majority of those immigrants go to Toronto.
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McMaster University Graduate Political Science, Minor in Geography.

My goal is to improve my community, the transit we use to get around it, and the health and happiness of everyone in it, and I realize these are all interconnected.
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