Comment 83044

By Walter Fielding (anonymous) | Posted November 20, 2012 at 11:27:23 in reply to Comment 83043

Hamilton is hardly immune to synergistic relations with Toronto. Look at that map of MPAC valuations and what you arguably see (apart from a loaded repurposing of the Code Red neighbourhood palette) is a high-powered economy down the lake driving investment for the surrounding 100km.

Toronto: +5.5% avg avg
Peel: +5.5 avg increase
Halton: +5.0% avg increase
Hamilton: +3.1% avg increase
Niagara Region: +1.3% increase

And yet the average residential valuation increase across the province was 18%. Rural properties still seem to retain considerable market value. Look to Northern Ontario, or just Hamilton's city limits. Going off that map, exurban land seems to be as desirable as inner-city sites.

"...residential property values have increased by approximately 12.6 per cent in Hamilton. With the four-year phase in, property taxpayers will see an average increase of 3.1 per cent for the 2013 tax year. Farmland in Hamilton has increased by approximately 34.3 per cent. With the four-year phase-in, property taxpayers will see an average increase of approximately 8.5 per cent in 2013."

http://www.mpac.ca/media_centre/news_releasesHamilton.asp

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