Hamilton housing prices see biggest jump in Canada
Looking at the Hamilton Census Market Area that includes Hamilton, Burlington and Grimsby, the RAHB increase was 13 per cent.
In the Hamilton CMA, 979 residential properties were sold with an average price of $426,026 in August 2015. Last August, 949 properties were sold with an average price of $377,015, according to the RAHB.
RAHB president Donna Bacher believes it's not just a case of demand vastly exceeding supply. For one thing, the hot market is encouraging homeowners of dilapidated homes to invest in their properties.
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