Hamilton is expected to see a 25-per-cent increase in unit sales for the suburban families and buyers looking to move up in the market. The “move-up” demographic accounts for the majority of buyers in the area. The average price for homes in Hamilton can vary dramatically depending on the neighbourhood.
So, what are the best neighbourhoods in Hamilton to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks for Hamilton and the surrounding area.
10 Most Liveable Neighbourhoods in Hamilton
Crown Point East
The three most affordable neighbourhoods in Hamilton, Crown Point, Homeside and Vincent, range in price from $365,615 to $375,029. The region’s most luxurious neighbourhoods, Ancaster Heights, Sulphur Springs and Durand South range in price from $1,017,450 to $1,043,689. Proximity to independently owned retailers, gyms, bars and restaurants are some of the top liveability factors for the most affordable and most luxurious neighbourhoods in Hamilton.
Hamilton’s Future Liveability
Hamilton’s liveability is expected to continue improving in the next three to five years. Increased development and a rise in strong restaurant culture throughout Hamilton is making it more attractive for those seeking a neighbourhood with increased density while still experiencing affordable living and access to green space.
Hamilton at a Glance
Tucked on the western edge of Lake Ontario, Hamilton has become a hot spot in recent years, attracting homebuyers seeking respite from the high prices characterizing Toronto real estate. Hamilton’s economy is largely driven by its manufacturing sector, with healthcare and education also being large contributors to the local economy. Fun fact: there are more than 100 waterfalls in Hamilton!
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
We know that Canadian’s truly celebrate the liveabililty factors of their neighbourhood – the qualities that give homeowners the true satisfaction of their home within the context of a neighbourhood. In fact a Leger survey conducted by RE/MAX revealed that 89% of Canadians recommend their neighbourhoods to others. Unlike your home, neighbourhoods cannot be changed, so it is important to assess what qualities are important to you before you purchase. Luckily, when it comes to Hamilton, there is a lot of celebrate in terms of liveability.
A survey of RE/MAX Brokers revealed that the best places to live in Hamilton are Meadowlands, Beasley and Sydenham, ranking as the top three neighbourhoods in Hamilton for access to green spaces and parks, walkability, retail and restaurants and the ease of getting around/public transit.
In the same Leger survey, six-in-10 Canadians put easy access to shopping, dining and green spaces at the top of their liveability criteria. Proximity to public transit (36 per cent), work (30 per cent) and to preferred schools (18 per cent), as well as cultural and community centres (18 per cent) fall out of the top five neighbourhood wants and expectations. So how does Hamilton stack up?
If you are searching for the best place to live in Hamilton, Sydenham ranks as the top hidden gem neighbourhood for affordability and good supply of high rises and detached homes.
Lydia McNutt is an award-winning editor, with more than two decades of experience specializing in Canadian real estate. At RE/MAX, Lydia is responsible for developing consumer-facing content while promoting the RE/MAX brand through housing market reports and market news, as featured on the RE/MAX Canada blog and social media channels. Lydia has been published nationally on topics ranging from real estate, architecture, decor and design, to finance, business, technology, entertainment and lifestyle. When she’s not head-down at her writing desk, Lydia is busy “momming” in Oakville, Ontario, where she lives with her husband, two kids and their chocolate lab, Betty. Email Lydia at firstname.lastname@example.org