Hamilton is the third largest city in Ontario in terms of population, behind only Ottawa and Toronto, and that population looks set to grow as more and more people move to the city to enjoy its diversity, quality of life, and real estate prices.

Located 58km southwest of Toronto on the western shore of Lake Ontario, Hamilton is known for a variety of reasons. It is a manufacturing hub that produces more steel than any other place in Canada. It is an important port on Lake Ontario. It is a “City of Waterfalls” with over 100 within the city limits. It is an education hub that boasts McMaster University, one of the best universities in Canada.

Perhaps most importantly for buyers of real estate, it offers some of the most affordable real estate prices for a major municipality in and around the GTA. That has led to an influx of buyers in recent years and made Hamilton one of the hottest real estate markets around. There are still homes to be found that are cheaper relative to Toronto and that is especially the case with new home developments and new condos in Hamilton.

Whether as a place to live or as a real estate investment, Hamilton has options. The large student population at McMaster University provides a regular source of renters, providing opportunities for regular rental income. Some of the new condos in Hamilton are ideal as this kind of investment or as a way to get into the property market. Meanwhile, the new detached homes development sin Hamilton are popular as a place to buy large homes in family-friendly neighbourhoods at prices below those for homes closer to Toronto.

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