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RAHB is predicting another fantastic year in the Real Estate market for 2016. This based on a low interest rates, a favourable economy, and low inflation as stated by RAHB CEO George O'Neill. Moreover, first-time buyers in Toronto will continue to be spread out and into our region due to the high prices in Toronto. With the expansion of Go station in our region Toronto workers will continue to find our region a great place to commute from too. Entrepreneurs are also finding our region to be a great place to take up residency due to excellent entrepreneural support systems available in our region. 2016 looks to be another great year for Real Estate Industry in the Hamilton-Burlington region. In forcasting another rising year consider the past rise of 2015 from 2014 -everything went up. The number of Residential and Commercial listings increased 5.8%, the number of sales increased 10.9%, the average sale price increased, and listings were on and off the market 19% quicker. See table for a breakdown by Residential, Freehold, Condominium and Commercial properties. http://www.rahb.ca/category/press-release/market-reports/
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