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Go Back   SkyscraperPage Forum > Regional Sections > Canada > Ontario > SSP: Local Hamilton > Business, Politics & the Economy

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  #21  
Old Posted Oct 7, 2009, 7:14 PM
adam adam is offline
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The denial of an NHL team actually convinced a few stagnant property owners to sell some property. This is the case with the new restaurant/bar at Bay and King at least. Now those properties can be developed and used.
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  #22  
Old Posted Oct 13, 2009, 2:35 PM
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SteelTown SteelTown is online now
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Ontario's Top Investment Towns Named For 2009 – 2014
http://www.onlineprnews.com/news/861...2009-2014.html

National Independent Real Estate Research Company Releases Findings of Ontario Economic Analysis

"Technology Triangle remains the Number One place to invest in Ontario"
 
Online PR News – 13-October-2009 – The Real Estate Investment Network’s (REIN™) release of Top Ontario Investment Towns analyzes the current and future prospects for real estate investment opportunities in Ontario. The 108 page report states that recent market correction provides buying opportunities for home owners and investors; however, only in select regions of the province.It identifies which areas will outperform in the coming decade and finds that the Kitchener Waterloo Cambridge area is the top region in Ontario in which to invest in real estate.

REIN™ is Canada's leading real estate research, education, and consulting organization for the last 17 years and its latest report is an analysis of key economic fundamentals for investors and home owners across North America. The in-depth research is based on the latest statistics, economic and social trends, and on-the-ground reports from REIN™'s research staff, members and industry professionals.

"Despite today's continuing market turmoil, our research indicates that there are more buying opportunities now than in the last few years, meaning more investment options and better yields" said report lead author Don R. Campbell, REIN™ President and author of the best-selling books Real Estate Investing in Canada and 97 Tips For Real Estate Investing.

"With today’s mixed market signals it is critical that investors and home-buyers complete that extra level of due diligence. We are no longer in the Tiger Woods years of real estate investing, where you won no matter what you bought. Now we get back to market reality where economic fundamentals, not speculation, will once again play the key role in whether a property increases or drops in value. The years of skyrocketing prices are finally over; however, over the long term the economic fundamentals of these key regions will help their property values dramatically outperform other regions of the province."

The Top Ontario Investment Towns report list:
1) Technology Triangle:Kitchener, Waterloo, Cambridge
2) Hamilton
3) Simcoe Shores:Barrie- Orillia
4) Brampton
5) Durham Region – Whitby, Pickering, and Ajax
6) Ottawa
7) Brantford
8) Toronto
9) Vaughan
10) Whitchurch-Stouffville


KWC on Top of the list
The communities of Kitchener, Waterloo, and Cambridge, known collectively as Canada’s Technology Triangle, are becoming known as a competitive area in which to build high-tech businesses. The area is so strong economically that the Real Estate Investment Network™ in its past research has dubbed it the "Economic Alberta of Ontario". This continues to prove true as the region was once again selected as the number-one investment town in Ontario. Within a 24 hours drive, the Technology Triangle has access to more than 60% of Canada’s population and 40% of the U.S. population. The reinvention of the region’s economy in the last few years has lead to investment in the information technology sector, a venture which has protected the Triangle from the steep increase in job losses experienced in many other Ontario communities. A commitment to infrastructure improvements and transportation projects will also help drive the economy and the real estate market in this area.

Breaking through its past, Hamilton jumps up with a bright future

Hamilton is poised to outperform most the province as it breaks through its past reputation and grabs a hold of the future. The continuing diversification of the City’s economy coupled with the increase in accessibility provided by the transportation improvements provides a strong economic base from which to work. Hamilton’s economy, in just a few short years will be unrecognizable when compared to the past decades. This renewal will help drive demand for real estate (rentals as well as ownership) in the City, especially in older neighborhoods going through transition.


Vaughan will benefit tremendously from increased housing values due to transportation projects

With the largest job growth in all of Canada between 2001 and 2006, the economy of Vaughan is becoming increasingly more diverse. Its extensive transportation network, available land, and the lowest commercial and industrial property taxes in the GTA continue to attract new businesses to the area. The City of Vaughan has become a preferred location for investment, leading the country’s cities in the per capita of building permits issued. Once all the region’s transportation and other infrastructure projects are completed (like the expansion of the TTC Spadina Line and the construction of the Vaughan Corporate Centre), Vaughan will be among the most accessible regions in the Greater Toronto Area; this combined with the fact that the City has the lowest commercial and industrial taxes in the GTA, will drive demand for both residential and commercial/industrial property.

Scarborough has the best opportunities in the City of Toronto
Toronto continues to be a major economic engine for Canada, as it continues to be the financial and head office capital of the country. This, combined with a strong growth of immigration to the city will help to provide an ongoing source of both rental and ownership demand in the housing market. Some regions of the city will prove to be provincial leaders, while other regions will lag sadly behind. Investors in the Toronto market must focus on areas with future potential, while at the same time ignoring past neighborhood reputations. One breakout region in coming years will be Scarborough. With home prices consistently below other regions of Toronto and a planned Rapid Transit expansion, the region will experience rapid growth.

A Complete Discussion of the Top Ontario Investment Towns Friday October 2, 2009

Don R. Campbell will be presenting the complete findings of this research at the International Centre in Mississauga at 7:00PM on Friday October 2, 2009 as part of the Real Estate Investment Network’s™ Investor Training weekend.For more information on this event, call the office at 888-824-7346 or email info@reincanada.com The full 102-page report is available to the media at no charge by contacting Allyssa Epp by phone at 888-824-7346 or email allyssa@reincanada.com and to members of the public for $59.97 from the REIN™ office by phone at 888-824-7346, email info@reincanada.com and at www.reincanada.com.
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  #23  
Old Posted May 10, 2011, 7:09 PM
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Hamilton Top Place to Invest in Ontario

Diversified economy responsible for top ranking

HAMILTON, ON, May 10 /CNW/ - Calgary based Real Estate Investment Network of Canada today ranked the City of Hamilton as the top location in which to invest in Ontario (2011-2015). As part of REIN's extensive assessment of Canada's top investment locations, Hamilton, along with its top Ontario ranking, was also named #3 in all of Canada.

"Known formerly as a hard-working steel town, the city has quickly shed this image in the eyes of potential investors - as indicated by the record breaking building permit values Hamilton has experienced in recent years," said REIN President Don Campbell. "The wheels have been set in motion to create a major high-tech industrial park in conjunction with growth at McMaster University, sparking an entrepreneurial spirit in the city."

The detailed REIN investment report identifies cities, towns and regions poised to outperform other regions of the province over the next 5 years. As part of the research into this Top Investment Cities list, REIN considered the following key fundamentals: Is the area's average income increasing faster than the provincial average? Is the area's population growing faster than the provincial average? Is the area creating jobs faster than the provincial average? Does the area have more than one major employer? Is the area in the RBC Affordability Index Hot Zone (25% to 39%)? Will the area benefit from an economic or real estate ripple effect? Has the political leadership created an economic growth atmosphere? Is the Economic Development Office progressive and helpful? Is the area's infrastructure being built to handle the expected growth? Are there any major transportation improvements in the works? Is the area attractive to Baby Boomers' lifestyle? Is there a short term problem occurring that is slated to disappear in the future? Is there a noted increase in labour and materials cost in the area?

"This is further proof that the diversification of Hamilton's economy is starting to pay great dividends," said the City of Hamilton's Economic Development Division Director Neil Everson. "We're thrilled with the ranking and encourage investors to contact us to learn more about one of Ontario's hottest economies."

http://www.newswire.ca/en/releases/a.../10/c3087.html
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  #24  
Old Posted May 10, 2011, 7:31 PM
DC1983 DC1983 is offline
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Let's just hope that once these Investors reach Hamilton, they don't get blocked by our backwards-thinking Mayor, City Council & Staff ie: Trinity (incinerator ppl)
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  #25  
Old Posted May 11, 2011, 5:52 PM
Duckyboy Duckyboy is offline
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Quote:
Originally Posted by DC1983 View Post
Let's just hope that once these Investors reach Hamilton, they don't get blocked by our backwards-thinking Mayor, City Council & Staff ie: Trinity (incinerator ppl)
Bear in mind, "Property Investment" is not the same as "Buying a house to raise your family in". Many people invest in Hamilton because it's cheap (except for the property taxes) & there are LOTS of people willing to rent. I own 2 rental properties in the city (and live here, too), and I know a few other people who live outside the city who own properties as well. And their logic is exactly the same... (simplified, of course!)

Hamilton > no jobs > lots of people on welfare/assistance/disability > lots of low-income people > cannot afford to buy a home > must rent > therefore, as an investor, there are cheap house prices > chop them up into multi-unit houses > rent them out to people who will always have to rent for their entire lives AND the rent is guaranteed (for the most part) because they are being paid by the government.

The guys I know say they'll keep holding onto them as long as there is loads of people on social assistance... easy money. Sit back and collect the rent without any fear of them moving on to home ownership.

And the sad thing is this... that income is coming from Hamilton citizens (property tax which helps pay for the welfare cheques) and going out of the city (out-of-town owners spending their money in Oakville/Burlington/Toronto).

At least I'm keeping the money in town, but still... that is the "word on the street"!

Don't get me wrong, I love any kind of attention Hamilton gets, but let's keep our heads on straight here.

Last edited by Duckyboy; May 11, 2011 at 8:29 PM.
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  #26  
Old Posted May 11, 2011, 7:13 PM
thistleclub thistleclub is offline
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Yeah, these sort of stories always come off with a whiff of "Hamilton: Canada’s Capital of Can't-Miss Property Speculation" to them. (It's even an explicit selling point of the Hamilton Grand.) And of course we've seen how winningly that kind of thinking has served the city in the past.
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