WHY INVEST IN HAMILTON?
By Dino Nicosia, Broker of Record, Investpro Realty
April 15, 2010
COUNTLESS BUYERS FROM OUTSIDE THE REGION ARE INVESTING IN HAMILTON. SO WHERE ARE OUR LOCAL INVESTORS? ARE THEY MISSING THE BOAT?
I have been selling apartment buildings in the Hamilton area for over 20 years. In the past number of years, I have seen a major decline in the number of local investors. In fact, 90% of my clients are now from the GTA (Greater Toronto Area). The big question is why?
Hamiltonians are perhaps deeply wounded and scarred by the many job losses from our industrial sector over the years. I imagine many Hamiltonians probably have lost confidence in their "Ambitious City". Local investors obviously, are not in tune on all the positive growth and the transition in job creation. Today the Hamilton Health Sciences is the number one employer in Hamilton, bringing high paying jobs to the City.
It is interesting how our neighbors can see past the smoke stacks, and have great confidence in Hamilton's future, as the following articles will attest.
Hamilton's jobless rate drops to 7.9 per cent
http://www.thespec.com/article/751178
STEVE ARNOLD
THE HAMILTON SPECTATOR
(Apr 10, 2010)
Hamilton's unemployment rate dropped almost a full percentage point in March to 7.9 per cent.
The number, reported yesterday by Statistics Canada, means 3,600 fewer people were unemployed in the Grimsby-Burlington-Hamilton area compared with the same month last year.
Hamilton's improvement was in contrast to the national numbers, which showed an unemployment rate of 8.2 per cent, virtually unchanged despite the addition of 18,000 jobs in the month.
MEREDITH MACLEOD
THE HAMILTON SPECTATOR
April 09, 2010
Hamilton has the ingredients for revitalization but it has to write the recipe, says a noted urban renewal expert who will be the keynote speaker at next month's Hamilton Economic Summit.
"Hamilton is a jewel. You have a catalogue of restorable assets," Storm Cunningham told a small group of key summit organizers this week.
"I do a lot of work in Canada ... and whenever I'm asked what is a prime city for revitalization, Hamilton always immediately comes out of my mouth."
From the City of Hamilton's web site
http://www.investinhamilton.ca
MEREDITH MACLEOD
THE HAMILTON SPECTATOR
April 09, 2010
"Hamilton, with a population of over 500,000 is one of Canada's major cities and is one of Ontario's most economically diverse. Our major economic sectors include: advanced manufacturing, health care and life sciences, film and television production, agriculture and education.
Hamilton was rated the 3rd best place in English Canada and the 7th best place overall to do business by Canadian Business Magazine in 2008 and in 2009 FDI Magazine (a publication of the world-famous Financial Times) ranked Hamilton as the [third largest] city in North America for quality of life.
"With an educated workforce, stunning natural amenities and a diverse, resilient economy, Hamilton is a prime choice for future economic opportunity.
Quite simply, it's time to invest in Hamilton".
From REIN 'S website. (REAL ESTATE INVESTMENT NETWORK)
Ontario's Top Investment Towns Named For 2009 - 2014
National Independent Real Estate Research Company
Releases Findings of Ontario Economic Analysis
"Technology Triangle remains the Number One place to invest in Ontario"
Breaking through its past, Hamilton jumps up with a bright future
Hamilton is poised to outperform most the province as it breaks through its past reputation and grabs a hold of the future. The continuing diversification of the City's economy coupled with the increase in accessibility provided by the transportation improvements provides a strong economic base from which to work. Hamilton's economy, in just a few short years will be unrecognizable when compared to the past decades. This renewal will help drive demand for real estate (rentals as well as ownership) in the City, especially in older neighbourhoods going through transition.
"Despite today's continuing market turmoil, our research indicates that there are more buying opportunities now than in the last few years, meaning more investment options and better yields" said report lead author Don R. Campbell, REIN™ President and author of the best-selling books Real Estate Investing in Canada and 97 Tips For Real Estate Investing.
The Top Ontario Investment Towns report list:
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Technology Triangle:Kitchener, Waterloo, Cambridge
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Hamilton
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Simcoe Shores:Barrie- Orillia
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Brampton
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Durham Region – Whitby, Pickering, and Ajax
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Ottawa
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Brantford
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Toronto
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Vaughan
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Whitchurch-Stouffville
What will it take for Hamiltonians to realize that they are sitting on a gold mine?
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