Spring housing market

RE/MAX has released their 2016 Spring Market Trends Report this morning. This report summarizes the average prices, sales activity and trends for 25 regions in Canada, including Hamilton-Burlington during the first quarter of the year. It comes this quarter to the same quarter of 2015.

Some of the key findings for Hamilton-Burlington: 

• The average residential sale price in the first quarter of 2016 was $486,008. That is up 10% from the first quarter of 2015
• Hamilton-Burlington has continued to see record activity, as buyers from the GTA look farther out to find affordable single-family homes.
• High demand has led to a year-round market in Hamilton. There were 9 consecutive record-breaking sales months in 2015.

The full report can be read here.