And there is still one more month to go!
Hello Hamilton real estate investors,
Here’s a summary and my analysis of the article:
- 2010’s new record $1 billion in building permits surpasses the previous mark by about $200 million.
- Just under 50% is commercial and industrial > these structures will house permanent JOBS
- Driving factors: HST and new, higher development fees > builders took out permits early to avoid increased fees > higher development fees = higher cost for building new homes and will drive up the cost of resale homes
- Construction values have been increasing steadily since 2001 and this boom year is a symptom of Hamilton’s stable, diversified economy.
Till Next Time – “It’s my life, it’s now or never” ~Bon Jovi
Real Estate Investment Adviser
p: 416-848-6293 x 211
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