Looking for a great townhouse market? Try Burlington-Hamilton
Published April 16, 2024 at 1:51 pm
It may not be the cheapest market in Canada, but if you’re looking to stay in the GTA, and want stable prices, townhouses in Burlington-Hamilton might fight your bill.
For many homebuyers, townhouses offer the best of both worlds when it comes to finding a place to live, less expensive than a house, but with more space and bedrooms than apartments.
There’s also flexibility in the market, some with similar amenities and maintenance, such as shared common spaces like underground parking, gyms, or playgrounds, as apartments, or all the flexibility of a freehold property.
They can be particularly appealing to the first-time homebuyer, as the benchmark price for a townhouse in Canada is $664,400. Plus, 50 per cent of the markets surveyed among 20 major markets have a benchmark price of $500,000 or less.
The average townhouse price in Burlington-Hamilton market is right around $700,000, and although that’s above the national benchmark price, it’s still quite a bargain when compared to housing costs in the west GTA.
The report by Zoocasa, an online real estate broker, found pricing for townhouses remains stable in several markets, including Ottawa, Greater Toronto, Victoria, Hamilton–Burlington, Kitchener–Waterloo, Niagara Region, Windsor-Essex, and Regina, with less than a two per cent increase or decrease.
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This stability gives buyers confidence in their financial planning, and sellers may be more willing to negotiate on price or other terms to close a deal.
To see the full report, visit here.
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