Hamilton rated one of Canada’s best locations to invest

Forge & Foster is moving! Sept. 23 will be our last day at 67 Frid St. By Sept. 27, we’ll be set up at 29 Harriet St., in the exciting, high-growth film district of Barton-Tiffany.
This week witnessed a large volume of transitions, typical for the transition period between months. It’s great to see these patterns holding even as interest rates continue to rise.
This week’s largest transaction occurred south of Kitchener in North Dumfries, where an industrial building on a large swath of land sold for $19 million.

The second largest transaction took place in Waterloo, where Village Developments purchased almost an acre of residential land for $14 million.

The largest transaction in Hamilton was in Stoney Creek, where 12.45 acres of industrial land sold for $13 million (approximately $1 million/acre).

In the news, Hamilton has been rated as one of Canada’s best locations to invest, New Horizon Development Group submitted a bid for taller buildings, and Toronto‘s average condo rents have surged to a record high.

We’re moving! 
Sept. 23 will be Forge & Foster’s last day at 67 Frid St.
As of Sept. 27, our new address will be: 29 Harriet St. Hamilton, ON L8R 2E5
The GHA Sales Transaction Database offers you this week’s CRE transaction activity.
News Headlines

Hamilton rated as one of Canada’s best locations to invest 
Invest In Hamilton, September 2022

Dundas site receives conditional approvals for 4 storey, 51 unit development
The Hamilton Spectator, September 12, 2022

New Horizon Development’s new bid aims taller
The Hamilton Spectator, September 12, 2022

Home construction authority moves to revoke Burlington developer’s license
The Hamilton Spectator, September 10, 2022

6 storey building set to replace three houses in Waterloo
The Record, September 9, 2022

Kitchener’s Mill St plan would transform area around LRT station with six towers up to 1,500 units
The Record, August 29, 2022

August 2022 Rent Report
Rentals.ca, September 2022

Toronto condo rents surge to record average $2,806/month
The Toronto Star, September 7, 2022

Ontario passes strong mayor legislations, providing Toronto and Ottawa veto power
CBC News Toronto, September 8, 2022

Bank of Canada expected to hike interest rate to 3.25%
The Hamilton Spectator, September 7, 2022

Tal: Interest rates could deepen Canada’s rental housing crisis
RENX, September 8, 2022

in Editorial, Weekly Market Report Newsletter Posted by wpengine