10 Apr Hamilton Property Values & Transportation Improvements
Transportation Improvement Effects On Hamilton Property Values
Hamilton homeowners should see their property values increase in areas along the LRT, Red Hill Valley Parkway and GO train stations.
MoveOntario 2020 was a plan proposed by the Government of Ontario in 2007 that would fund 52 rapid-transit projects throughout the GTHA.
According to a report by the Real Estate Investment Network, Hamilton property values will see a 10-20% increase in key neighbourhoods where improvements are made.
If the market values rise, they will see a 10-20% increase in value compared to the rest of the region. And should values drop, they will drop by 10-20% less.
Hamilton neighbourhoods near Red Hill Valley Parkway on/off ramps: McQuestern East & West, Barton, Nashdale, Glenview East, Corman, Red Hill, King’s Forest and Albion Falls.
Areas with Oakville and Toronto commuters – easier access and traffic flow from the Highway 8 link to Red Hill Valley Parkway.
Areas within 800 metres of proposed LRT and GO train stations in Hamilton.
These will become second and first tier once official location announcements are made and construction begins: Ainslie Wood, Cootes Paradise, Westdale South, Beasley, Corktown, Kentley, Greenford, Green Acres Park, North Glanford, Ryckmans, Mewburn, Sheldon, Kennedy East, Allison, Greeningdon, Balfour, Bonnington, Yeoville, Rolston, Buchanan, Mohawk, Southam, Centremount, Durand, Central Hamilton, North End, Ancaster, Mohawk Meadows, Bruleville, Burkholme, Northern Crerar, Northern Rushdale, Hill Park, Lawfield, Crown Point, Northern Homeside, Ancaster, Leckie Park, the Elfrida growth area, Corman, Riverdale, and Winona.
*Values in older and more established neighbourhoods are impacted more significantly than in newer developments.