Back to Blog
8 Nov

Sales are down, but house prices continue to rise in Hamilton and Burlington

General

Posted by: Angela Calla

Housing prices in Hamilton and Burlington continue to rise, even though sales continue to drop compared to 2017.

The Realtors Association of Hamilton-Burlington (RAHB) reported 1,035 sales of residential properties in October 2018, a 13.1 per cent decrease from the same month last year.

Overall sales are 17.7 per cent lower than last year at this same time; however, the average sale prices have increased for the month. Single-family home prices increased 5.9 per cent compared to October 2017, townhouse prices remained virtually the same, and apartment-style property prices are up by 11.6 per cent according to properties processed through MLS.

Read the full article here: Sales Are Down, But House Prices Are Up

Angela Calla has been a licensed mortgage broker for 14 years. She has been with Dominion Lending Centres since its inception in January 2006. Residing in Port Moody, British Columbia, Angela is a regular expert guest on several news stations, television shows, radio programs and local and national publications. She was the AMP of the year in 2009, and has consistently been one of DLC and the industry’s top performers since 2006. She can be reached at callateam@dominionlending.ca or 604-802-3983