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By AK (registered) | Posted January 06, 2016 at 13:43:34
"Hamilton is the fastest-changing city in the country. The Canadian and Mortgage Housing Corporation says that house prices are overvalued in Canada, but not Hamilton. There is a belief that Hamilton's house prices going up aren't fully related to the unaffordability of the Toronto market."
Hamilton's house prices are out of whack with local incomes. Unless you're braving the Lakeshore West commute which gets worse monthly, we're just as vulnerable to a housing bust as our neighbours.
http://www.cbc.ca/news/canada/hamilton/n...
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