The Conference Board of Canada, a not-for-profit Canadian organization dedicated to researching and analyzing economic trends expects Hamilton’s economy to grow by 4.5% this year, the city’s strongest this decade. Read about the full article from the Hamilton Spectator here
Too busy to read the whole article?
Here are my takeaways:
The city is on track is approaching 1 billion in building permits mostly driven by home construction, and will be a new record by almost 200 million over the previous record set in 2008
Hamilton’s economic resurgence fuelled by a strong recovery in manufacturing, construction and retail trade but the board does warn of a slowdown for the remainder of this year and next
The city’s move to diversity its industries away from steel is the reason for growth
Author: Erwin
Erwin has been investing in real estate since 2006 and is a highly decorated investor and realtor. His list of awards and accomplishments includes:
• FOUR time consecutive finalist for the Michael Millenaar Memorial Award and 2013 WINNER for his leadership and contribution to the Real Estate Investment Network community.
• TWO time finalist & 2015 WINNER for Realtor of the Year for Ontario by the Real Estate Investment Network
• TWO time finalist & 2016 WINNER for Real Estate Agent of the Year by Canadian Real Estate Wealth Magazine
• REIN™ Ambassador (Endorsed Realtor by REIN™)
• Silver award recipient by the Real Estate Investment Network
• 2013’s Top Player Award by the Real Estate Investment Network
• Regular contributor to REIN™ Real Estate Report and Canadian Real Estate Wealth Magazine
Erwin has owned and still owns numerous investment properties: single family, renovate and hold, multi-family, multi-family conversion, and student housing. He left his corporate job at “Big Blue†to pursue his passion as an entrepreneur in investment real estate. He’s been featured in the Hamilton Spectator and been a guest speaker at several investment networks and has coached numerous successful real estate investors by focusing on economic fundamentals and financials.
