Tuesday 13 January 2015

CONTINUING CONDO NEWS

CONTINUING CONDO NEWS


by Darrin DeRoches
December 25, 2014 - January 7, 2015
I have to continue on the conversation about condos in Hamilton as this week announcements of two projects brings more information.  The Acclamation condos are being reserved and the sales team believes they will have the majority of them gone before the official launch.  This project is on James Street across from the armories.  It will be 60 units from $249,000 to the $949,000 dollar range.  I stated that a million dollar condo will be sold downtown and maybe this is the one of many to come.  They are taking reservations for units and six sold in the first 48 hours. Most people are not even aware of the launch and it may be sold before the actual launch party.  The questions must be asked — why?

    Is it because of the location? The amenities? The price? The demand? The condos themselves?  Is it a mix of everything? I would say it to be a bit of all of those reasons, but the major reason is that we do not have a ton of condos in the city.  The condo market has been underserved, and it is the time to flood the market with these projects.  I believe the timing and hype is the real reason these projects are finding success, and good for them.  The good people of the Acclamation project have been working on this for years, and I believe they deserve the good fortune.  It is their time and money that should bring them, and the city, a great return on their investment. 

    The second project that has quietly surfaced lately is the Tiffanysquare.ca condo project.  It is located between Tiffany and Bay streets.  It is steps to the new GO train and Pier 4.  The views will be the best the city has to offer and mark my words this is the best project to invest in. It will have a mix of residential and commercial, with views of the city and water.  Anyone that knows how to speculate on real estate knows views and water sell condos.  They are taking registrations right now and you should get on the list.

    Every condo project has its positives and negatives, but you have a great selection of product to choose from today.  The Connaught, The Connelly, Acclamation, Tiffanysquare and the list goes on.  Buy now, and by the time the project is built you can see a small, or big return on your investment.  Buying the right condo will determine the highest return.  The right condo in the right project — that is.  If you are considering on investing, downsizing or just want to get a great condo, the time is now and if you want help on making the right decision on your investment contact us and we can help you make the best return!  Happy Holidays and see you in the New Year!  V

    Darrin DeRoches is a local real estate and mortgage broker. He can be reached to answer questions, comments or stories about real estate experiences through this weekly column at sold@uniquerealty.ca.

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