QUOTE (FUvW @ Mar 6 2009, 10:07 AM) Is Hamilton becoming another Windsor?
With closing of steel plant and it being a major industry there, just wondering if it makes sense to invest in Hamilton.at the right price .. why not .. but Ontario will be a basket case for quite some time due to its heavy dependence on an industry that must shrink in size by 1/3 to 50% (the car production industry) .. plus Ontario has a left-leaning socialist government which is always suspect for any investment (much like many places in Europe, many parts of the US, N-Korea, ..)
With closing of steel plant and it being a major industry there, just wondering if it makes sense to invest in Hamilton.at the right price .. why not .. but Ontario will be a basket case for quite some time due to its heavy dependence on an industry that must shrink in size by 1/3 to 50% (the car production industry) .. plus Ontario has a left-leaning socialist government which is always suspect for any investment (much like many places in Europe, many parts of the US, N-Korea, ..)
QUOTE (FUvW @ Mar 6 2009, 10:07 AM) Is Hamilton becoming another Windsor?
With closing of steel plant and it being a major industry there, just wondering if it makes sense to invest in Hamilton.
Hamilton has some very good fundamentals at work like implementing the creation of high tech industry commercial developements, vital transportation infrastructure developement not to mention its geographical location as a transportation hub plus an extremely proactive and motivated metropolitan EDO.
Don`t just take my word for it, go there and find out for yourself.
Steel is not the biggest employer in Hamilton, Health/Sciences is.
With closing of steel plant and it being a major industry there, just wondering if it makes sense to invest in Hamilton.
Hamilton has some very good fundamentals at work like implementing the creation of high tech industry commercial developements, vital transportation infrastructure developement not to mention its geographical location as a transportation hub plus an extremely proactive and motivated metropolitan EDO.
Don`t just take my word for it, go there and find out for yourself.
Steel is not the biggest employer in Hamilton, Health/Sciences is.
QUOTE (EdRenkema @ Mar 6 2009, 11:16 PM) not to mention its geographical location as a transportation hub
That means it`s commuting distance to Toronto, either by Go-Train or car, and that changes all the numbers. Windsor is commuting distance to... Detroit.
Personally, I`m feeling very positive about Hamilton, despite it`s recent troubling news.
That means it`s commuting distance to Toronto, either by Go-Train or car, and that changes all the numbers. Windsor is commuting distance to... Detroit.
Personally, I`m feeling very positive about Hamilton, despite it`s recent troubling news.
Hamilton is more diverse then just steel and as previous posters indicate has a good long term future. Listing prices have not come down much but motivated sellers are entertaining offers significantly lower then list price. If you find the right property go for it but negotiate hard for the right price. If they will not budge walk away. The recent layoffs will soften the market some more and present good value.
QUOTE (FUvW @ Mar 7 2009, 05:08 PM) Thanks!
Researched Hamilton a bit more, it`s actually among 10 recommended cities for real estate investing. Not like Windsor at all. Good to knowmy opinion on Hamilton is an opinion only .. and not grounded in much research .. so Hamilton may have potential I am unaware of ..
Researched Hamilton a bit more, it`s actually among 10 recommended cities for real estate investing. Not like Windsor at all. Good to knowmy opinion on Hamilton is an opinion only .. and not grounded in much research .. so Hamilton may have potential I am unaware of ..