City Series: Hamilton Region Home Sellers are Saving Thousands in Commission
June 4, 2020
Whether you call it The Hammer, Steel City, or perhaps, you already call it “home”, Hamilton is an excellent city to live, work and play in – and a great place to save thousands in commission when selling your home!
As many are priced out of the GTA, Hamilton has become a popular place to live in recent years. As of April 2020, the average selling price for a home in the Hamilton-Burlington region is $614,412, a year-over-year increase of 4.3% and a month-over-month decrease of 6.6% (decrease due to the COVID-19 pandemic)1.
And even though we are in a pandemic, we are still seeing our Purplebricks home sellers in Hamilton successfully sell their home while saving thousands in commission!
SOLD! Saved $15,000† in Commission
Neighbourhood: Glenview East
Sold Date: May 7, 2020
Days on Market: 2
SOLD! Saved $24,000† in Commission
Neighbourhood: Falkirk East
Sold Date: May 3, 2020
Days on Market: 19
SOLD! Saved $19,000† in Commission
Neighbourhood: Hill Park
Sold Date: May 23, 2020
Days on Market: 3
SOLD! Saved $21,000† in Commission
Sold Date: May 4, 2020
Days on Market: 20
Homes are still selling, and many buyers can enjoy some month-over-month price reductions. Plus, if you purchase a home with a Purplebricks dedicated Home Buying REALTOR®, not only will you receive $2,000 in cash back*, our local agents will use their expertise to understand your needs and help you navigate the new market reality to land you your dream home. Added bonus – you can sign up for our automatic email alerts to keep you informed of homes that meet your criteria as soon as they hit the market.
Have a future post-secondary student in your home? Look no further than McMaster University. Ranked fourth in Canada and 72nd in the world, McMaster University is one of Canada’s premier educational institutions2 and is attended by over 30,000 students each year.
And if you’re more in the toddler years than the teenage years, we know it is stressful when your little one is sick. Thankfully, within the McMaster campus is McMaster Children’s Hospital, one of Canada’s largest pediatric teaching hospitals. A great place for students to learn medicine, as well as for residents who can take their little ones to an excellent hospital specializing in children.
Pre-COVID-19, the unemployment rate in Hamilton was at 4.8% in December 2019, below the national average of 5.6%. And this figure comes after a record low in April 2019 of 3.5%3. Of course, the COVID-19 pandemic has impacted unemployment rates across the country. As of April 2020, Canada’s unemployment rate is 13%4 and Hamilton’s is 7.8%5.
The cities largest private sector employer is ArcelorMittal Dofasco, employing 5,000 people at their Hamilton steel mills. With a wide range of jobs available, including office, trade, and general labour positions, there is a great opportunity for Hamiltonians to enjoy working at one of Canada’s Top 100 Employers of 2020.6 We know of another exciting company that has an office in Hamilton – we do! If you’d like to join us in revolutionizing the real estate industry, visit our careers page to explore current opportunities.
Don’t work in Hamilton but want to live there? You have plenty of commuting options. If travelling by car, you can easily access the Lincoln M. Alexander Parkway, the 403 and the QEW. And if you prefer public transit, existing city bus and GO bus options are available. In the near future, residents will get to enjoy two GO train stops as part of the Niagara expansion, making travelling to the GTA and Niagara region efficient and quick.
Did you know that Hamilton is the waterfall capital of the world? Home to over 100 waterfalls, with many of them accessible, residents can enjoy beautiful hiking while taking in picturesque waterfalls.
The Hamilton beachfront on Lake Ontario is home to many fun outdoor activities. Make a splash at Wild Waterworks, an outdoor waterpark, or take the kids to Adventure Village for mini putt, batting cage practice, and more. Feeling hungry? Grab a burger and a shake at Hutches or head to Barangas on the Beach for some Mediterranean flair. And if you want to simply enjoy nature, use the waterfront path to walk, run, rollerblade or bike.
Hamilton is also home to quite the food scene. Offering a diverse palette of flavours, the multi-culturalism of the city is showcased at the local eateries. While restaurants are currently closed due to COVID-19, most are still available for takeout! Check out Narcity’s Hamiltont Bucket List to find your next great bite7.
Ready to sell your home in Hamilton or want to call Hamilton “home”? A Purplebricks REALTOR® can help.
Purplebricks is here to support Canadians by providing them with a full-service real estate experience while saving them thousands in commission when selling their home. As for homebuyers, we share the commission by giving buyers $2,000 in cash back* when they buy a home with us. Call 1-855-999-9740 for more information.
1 RAHB April 2020 Market Update
2 The World University Rankings 2020
3 Hamilton area had record 3.5 per cent unemployment rate in March (The Spec)
4 Labour force survey, April 2020 (Statistics Canada)
5 Unemployment Rates (Statistics Canada)
6 Canada’s Top 100 Employers 2020
7 Bucket List Hamilton Restaurants You Need To Try If You Haven't Already (Narcity)