Quote:
Originally Posted by Beedok
Hamilton still has a small supply of condo production compared to Ottawa or Winnipeg from what I see. Those cities might be growing a bit faster, but not to the level to make that much of a difference. This one might be a bit on the big side, but it's not ridiculous.
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There is a difference though. Ottawa has highest income of any city in this country, with two job areas that pay a lot. Federal government and Ottawa.
Lamb also took a stab at Ottawa few years ago and one of the highest priced condos in that city and it didn't do that well in terms of investments.
There are two areas where condos do well in this country - GTA AND Gvr. If you are looking at around 400k for 1 bed room condos it will take a while to sell. 600 square foot is. Ore than Mississauga or Vaughn - places close to major job hubs. The job market downtown Hamilton is not downtown Ottawa.