Published in November 2012, but reFRESHing to know that: Home values soar in Hamilton heritage districts • Homes within seven designated heritage districts in Hamilton are on average worth double those in surrounding neighbourhoods, a city research firm has found. • The Centre for Community Study, a nonprofit urban research group, found the average property value difference between 323 homes within heritage districts and the other homes in the same ward was about six percentage points higher in 2012 than in 2010. • The most marked difference this year happened in the Durand-Markland heritage district. The average value of the 46 homes within the district was $507,977, versus $173,400 within the entire area of Ward 2. That’s a difference of 193 per cent. • The difference in the St. Clair Avenue district was 139 per cent, with homes in the designated area valued at an average of $330,434 compared to the entire Ward 3, at $138,300. • There are about 700 designated heritage properties in Hamilton and another 6,800 listed as properties of historic interest thespec/news-story/2201304-home-values-soar-in-hamilton-heritage-districts-study/
Posted on: Fri, 06 Sep 2013 09:27:36 +0000
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