Comment 51567

By -Hammer- (registered) | Posted November 15, 2010 at 18:42:06

@Turbo - I agree, however keep in mind though the property and development values in the surrounding municipalities is already ludicrously high. Especially in Toronto, Oakville, Mississauga, Waterloo, Guelph and Burlington. The attraction of Hamilton is that it has always been fairly cheap to develop here in comparison, because property values have been kept low because of the city's poor image. In truth, Hamilton already has it's share of developers already, and one needs only look at the development explosions of the Meadowlands and the East Mountain. The problem though, these are areas that are increasing sprawl and are far cheaper to develop then properties bellow the mountain. However despite this fact, I can't imagine it being substantially cheaper to re-develop in Hamilton then it would be to develop in the other municipalities. Especially since said municipalities are, to quote the article, settings boundaries outside of which they are not allowed to grow.

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