5 reasons people are downsizing to Hamilton
For right-sizers, downsizers, and those looking for a more relaxed and affordable lifestyle away from the big city bustle, Hamilton’s escarpment country may hold the answer.
“Those looking for an active lifestyle, far from the noise of the big cities, [are] captivated by life in Hamilton’s escarpment country. There is literally something for everyone, regardless of age or ability,” said Sheri Robins, broker with ReMax Escarpment. “And, with its affordability in terms of cost of living and real estate, there is much more to be gained.”
Here are five reasons people are choosing to make the move to the Hamilton escarpment:
Affordability. Real-estate affordability and large lot sizes, compared to bigger cities, make a Hamilton lifestyle enticing. Its proximity to Toronto and relatively low commercial rents have attracted a growing roster of professionals to the area, including lawyers, doctors, dentists and more. Data from Zolo.ca reveals that as of November 2020, the average price of a home in Toronto was $1-million compared to an average of $678,000 in Hamilton. That delivers an average of $322,000 to your pocket — without taking into account the additional savings gained from downsizing.
Location, location, location. You can be in Toronto from Hamilton in less than 45 minutes. Proximity to both Hamilton and Toronto international airports, major highways and public and GO transit make local, weekend and global travel easy. Even road trips to Niagara-on-the-Lake and Georgian Bay are a snap. Its position on the shores of Lake Ontario gives Hamilton an extensive waterfront for residents to enjoy close to home.
Activity and style. Eating establishments, from the old-fashioned diner to fine dining, have grown in number across the city of Hamilton with top chefs at the helm. They are also receiving national attention, according to Urbancity.com. Fashion and style span Main Street from boutique to haute couture. An active music and theatre scene, botanical gardens, art galleries and museums, castles, conservation parks and outdoor winter sporting venues engage mind, body and soul year-round.