This week witnessed a higher than average volume of transactions take place including a mix of all asset classes. The most expensive transaction this week was for 50 acres of agricultural land, located near Binbrook, in Hamilton for $17,000,000 or $337,435/acre. This could either indicate a future industrial development or speculative future residential development given the existing zoning. Other notable transactions include 117 John St N, which looks to be part of an assembly for the 41 Wilson St acquisition by First Avenue Investment Counsel and Broccolini Construction’s purchase of 10 acres in Cambridge, further cementing their foothold in Southern Ontario. In the news, the city of Hamilton has approved a rezoning application for a proposed 769 unit, 27, 14 & 8 storey development by Slate Asset Management. Feel free to reach out with any questions regarding the GHA transactions or news.
Update brought to you by: Alex Manojlovich, Forge & Foster Investment Management
Please click the “GHA Sales Transaction Database” link below to view the most recent transaction activity.
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