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West End
Living

Invest in

Hamilton

Brooklyn North

No longer a working class town, Hamilton has been re-envisioned as a modern city with a growing, diversified economy. No longer under the shadow of Toronto, Hamilton is evolving in a similar fashion as Brooklyn did to Manhattan – a city of excitement, creative energy and growing opportunities.

A New Hamilton Is Dawning

Hamilton is attracting a growing number of young professionals because of its affordability, vibrant culture, eclectic mix of neighbourhoods and world class amenities.

The city is positioned for a rapid expansion and smart investors can see what is coming.

Highlighting Hamilton:

$140 Million Investment in
Hamilton's Waterfront

The vision for the redevelopment of Hamilton's West Harbour will transform the waterfront into a vibrant, mixed-use community.

$500 million Investment in entertainment

This investment will change the face of downtown by updating a variety of key venues including: FirstOntario Centre & Concert Hall.

$400 Million Investment in Internet service

This is the largest digital infrastructure investment in Hamilton's history and will bring 1.5 gigabits/second internet connectivity across the city.

Why is hamilton so hot?

Hamilton has parlayed its steel town legacy into a centre for advance manufacturing and innovation, embracing cutting edge science and technology. Home to world class universities, colleges and research centres, the city continues to attract new talent with a cost of entry that is very competitive to the other tech-centric cities in the region.

Within a one hour drive of Hamilton is a workforce of over 2 Million people.

fDi Intelligence, a division of the Financial Times, ranked Hamilton as the 2nd best location in North America for investment. The city was also ranked 1st in the category of connectivity.

Hamilton is recognized as a model for economic and social transformation, and ranked one the top 7 “Most Intelligent Communities” globally by the Intelligent Community Forum (ICF)

In the News:

taking
the lead

$105 Million Investment in
Hamilton's health sciences

In 2022, HHS invested over $1 million in upgrading hospital equipment and medical research facilities.

$7.5 million Federal investment in Hamilton's culture & tourism

This investment will go toward 31 projects across Hamilton and surrounding communities.

$46.8 Million upgrade to
Hamilton's Airport

The Federal government has committed $23 million to the $46.8 million YHM gateway expansion project. This project is expected to create 1,830 full-time jobs.

A Strong Record of

Employment

Booming business and a highly skilled, well educated, workforce is keeping unemployment in the city at all time lows.

Employment and
a diversified economy

Attracting digitally-focused businesses, health science innovators and advanced manufacturing, the stage is set for Hamilton to become one of Canada’s most technologically advanced, diverse and innovative economies.  

Low Unemployment Rate

Hamilton’s 4.5% unemployment rate is outperforming the Ontario average of 5.5% in the first quarter of 2023.

A Booming Creative Industry

30,000 Hamiltonians work in the creative industry, a total of 11% of the labour force. Hamilton is also home to the 3rd largest film industry in Canada.

2nd Best City for Young Workers

The Youthful Cities Urban Index ranked Hamilton as the second-best city for people aged 15 to 29 to work.

2nd Best City for Young Workers

The Youthful Cities Urban Index ranked Hamilton as the second-best city for people aged 15 to 29 to work.

Hamilton Health Services

Employing over 15,000 staff, Hamilton Health Services is the 2nd largest hospital network in Canada.

Hamilton Health Services

Employing over 15,000 staff, Hamilton Health Services is the 2nd largest hospital network in Canada.

Advance Manufacturing

The Advanced Manufacturing industry that has grown out of Hamilton’s blue collar roots is now a $12 billion industry contributing to 4% of Ontario’s total economy.

Growing Tech Industry

Hamilton has seen its tech workforce grow by 1.9% over the last year while other key tech centered cities like San Francisco only saw a growth rate of 1.5%.

Hamilton has a booming

Population

Hamilton is building an inclusive community with an accessible environment that makes the city better for everyone.

Moving to Hamilton

Hamilton is an attractive and affordable location for both newcomers to the the country and Canadians leaving other areas of the province. As a result, the city is seeing an accelerated period of growth.

Increasing Immigration Targets

New immigration targets will see 7,500 immigrants moving to Hamilton each year until 2025.

Another 149K+ residents by 2041

Growing at 2x the historic average the city of Hamilton is predicted to increase its population by 149K+ by 2041, in part due to it being a more affordable alternative to the GTA.

Attracting People From Other Parts of Ontario

Intraprovincial migration led to 53K+ people moving to Hamilton between 2001 & 2021, the majority coming from York, Peel and other parts of the GTA.

Attracting People From Other Parts of Ontario

Intraprovincial migration led to 53K+ people moving to Hamilton between 2001 & 2021, the majority coming from York, Peel and other parts of the GTA.

Hamilton's Rate of Growth Is Increasing

Net Migration Rates into Hamilton Are Increasing

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Hamilton's proximity to Toronto and accessibility between both places are among the top reasons why people are choosing the city

A High Demand for

Housing

Hamilton’s historically undervalued market, paired with it’s close proximity to Toronto and rapidly growing economy has created a unique  investment opportunity not found anywhere else in Southern Ontario.

Hamilton Real Estate

Fueled by unprecedented demand, Hamilton’s real estate market has exploded the last few years. Even with current market slowdowns, the average cost of housing remains above pre-pandemic levels.

Hamilton reported $1,856,371,964 in building permits for 2022. This is 87.2% of 2021’s record breaking permit values of $2,128,166,392 and 134.2% of 2020’s permit values.

Westdale has an extremely low vacancy rate of 1.5%. Demand is at an all time high due to the lack of purpose-built apartment towers being developed.

Current market rates are out-pacing buyers in the GTA. Hamilton’s condo market is on average 25% less that in the GTA, making the city an appealing alternative.

Housing Pricing in Hamilton (All Types)

No Data Found

In the News:

No New Housing stock in 40+ years

Westdale has not seen new housing in over 4 decades. Demand is at an all time high due to the lack of purpose-built apartment towers being developed.

14,500 New Homes Needed

Hamilton has a housing shortage of roughly 14,500 units. Needing to double its building rate, the province has given Hamilton a target of 47,000 units over the next decade.

600 People Waitlisted

McMaster also faces a lack of housing to accommodate students. Residence wait lists have been in the range of 100-600 students long.

1107 Main in Westdale overlooking Hamilton's Escarpment

1107 Main will be the first condo development in Westdale and is positioned to fill a huge gap in the community's housing market.

The Rental Market

Most new developments are happening in the downtown core while the west end has been largely ignored. Because of its proximity to downtown, consistently lower vacancy rates, and lack of modern housing, Westdale is a prime location for investment. 

Westdale has the Hamilton’s lowest vacancy rate at 1.8% compared to the city’s average of 2.1%.

The average rental rate for a 1 bedroom condo style apartment in Westdale is $1362 a 16.6% increase year over year.

Westdale's Vacancy Rates Are Consistently Better Than Downtown Hamilton

No Data Found

No Data Found

Average Rental Rates In Westdale Are Higher Than In The Downtown Core.

No Data Found

With higher demand and rents, Westdale is the clear choice for investment.

Case Study:

Satisfying Housing Demand in Waterloo

At the end of the 1990’s, private investors recognized a housing shortage in the Northdale neighbourhood located between University of Waterloo and Wilfrid Laurier University.

In 2015 IN8 Developments introduced the first one bedroom condominiums to the area dramatically changing the market in the area.

Hamilton today, is echoing the challenges that Waterloo once faced. A severe shortage of purpose-built housing during a period of ever-increasing demand are both attributing to Hamilton’s lowest rental vacancy rates and highest rents.

1107 Main is the first new condominium building in Westdale to address the area’s intense demand.

NOW SELLING 1 & 2 BEDROOM CONDOS​

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