Housing market

[SteelTown]

Condo lifestyle rapidly rising in popularity

The Hamilton Spectator
(Jan 11, 2008)

It's top dog, literally, in Hamilton's booming condo market.

Priced at $549, 900, the penthouse suite in the historic Pigott Building on James Street between Main and King streets is the most expensive condo now on the market.

While houses are still king in this area, condominiums are growing in popularity. Sales in the area -- Hamilton, Burlington and Grimsby -- grew by about 10 per cent last year. At 2,821, they represented about 20 per cent of the total resale market. There are 83 for sale right now. The majority of sales are in Burlington.

The Pigott penthouse isn't the most expensive unit ever to be sold in this city. Two other penthouses in a Mountain Brow building now under construction sold for a cool $1 million each.