Thursday, January 29, 2009

Hamilton weathering real estate storm

The tail end of 2008 was a low point in the Canadian real estate market, but Hamilton's is intact, if a bit bruised.

That's according to a new real estate forecast report by Royal LePage released yesterday.

"We still have good value," said Joe Ferrante, broker of record for Royal LePage in Hamilton and president-elect of the Realtors Association of Hamilton/Burlington. "We are well positioned geographically."

That has insulated Hamilton from some of the dramatic drops in housing prices and sales experienced by other areas, such as Toronto and some pockets of the GTA, he said.

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