Choosing to consider investing in Hamilton Ontario Real Estate
Canadian Real Estate has grown into a reliable investment both for Canadians and foreign investors, with Canada seen as a safe haven. One of the more attractive Canadian regions to invest in (and/or live in) is Hamilton, Ontario, a port city on the southwest end of Lake Ontario. Incorporated in 1846, Hamilton is the ninth biggest metro area in Canada and the third biggest in Ontario.
The city has developed a diversified economy covering both heavy and light industry. Major economic sectors include advanced manufacturing, farming, food processing, creative industries, clean-technology, life sciences and transportation-related services. It’s a short drive to Toronto, Ontario, Canada’s largest city.
In 2011 the Real Estate Investment Network of Canada (REIN) ranked Hamilton the best place to invest over the next five years and the 3rd top location in Canada. Hamilton in addition has been ranked in the top five of top spots to invest in Canada by the US-based Site Selection Magazine. Also , in 2009 FDI Magazine (part of Financial Times) ranked Hamilton as the 3rd top big city in North America for quality of life.
Over $1 000 000 000 in construction permits were issued in 2010 to companies such as Dofasco and Cadbury. Also, Canada Bread and Maple Leaf Foods have committed to massive new food processing plants. Investments like these lead straight to more jobs and demand on residential housing.
Hamilton is also positioned as a transport hub with access to a population of 120 million within a 500-mile radius:
– The Port of Hamilton is the busiest of all of the Great Lakes ports
– John C. Munro International Airport is Canada’s largest courier and cargo airfield generating more cargo flights than any other airport in Canada
– Superior proximity to rail lines and easy accessibility to major highways both in Canada and the States.
Culturally, Hamilton is home to the Royal Botanical Gardens, the Canadian Warplane Heritage Museum, the Bruce Trail, McMaster University and Mohawk College.
Sports-wise, there is The Canadian Football Hall-Of-Fame, the American Hockey League Hamilton Bulldogs and the Canadian Football League Hamilton Tigercats along with a well-developed community system for amateur sports covering baseball, soccer, hockey and other sports.
Mainly because of its diverse environment, many TV and film productions have been filmed in Hamilton and there’s a growing arts and culture sector including art studios, recording studios, independent film production and computer animation.
For the stated reasons covering continuing financial investment, transport, commercial diversity and cultural breadth, Hamilton is a superb place to invest in residential real estate, either for personal use or rent-to-own prospects.
Liberty Property Services is a home real estate investment company with a focus on rent-to-own or lease-to-own Hamilton homes in the Greater Hamilton Ontario area.
February 4, 2012 | Posted by Bernie Schmidt
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