Hamilton is considered a port city with a population of 536,917. Hamilton is very much an industrialized region of the Golden Horseshoe. Traditionally, the local economy has been led by the steel and heavy manufacturing industries, but there has been a recent shift towards the service sector and health and sciences. Hamilton is home to the Canadian Warplane Heritage Museum, the Bruce Trail and McMaster University just to name a few.
The Niagara Escarpment runs through the middle of the city making it easily accessible for residents to walk, hike, cycle and boat in the natural elements and enjoy the more than 100 beautiful waterfalls. From popular festivals to world class attractions, Hamilton is a city built for locals and visitors alike.
The average home price in Hamilton for a detached home is $779,000 and home prices are up by 24% year over year. If you are a current homeowner in Hamilton and want to take advantage in the equity in your home and are considering a home equity loan or second mortgage, contact us today to discuss your options.