Hamilton Top Place to Invest in Ontario

Diversified economy responsible for top ranking

HAMILTON, ON, May 10 /CNW/ - Calgary based Real Estate Investment Network of Canada today ranked the City of Hamilton as the top location in which to invest in Ontario (2011-2015).  As part of REIN's extensive assessment of Canada's top investment locations, Hamilton, along with its top Ontario ranking, was also named #3 in all of Canada.

"Known formerly as a hard-working steel town, the city has quickly shed this image in the eyes of potential investors - as indicated by the record breaking building permit values Hamilton has experienced in recent years," said REIN President Don Campbell.  "The wheels have been set in motion to create a major high-tech industrial park in conjunction with growth at McMaster University, sparking an entrepreneurial spirit in the city."

The detailed REIN investment report identifies cities, towns and regions poised to outperform other regions of the province over the next 5 years.  As part of the research into this Top Investment Cities list, REIN considered the following key fundamentals: Is the area's average income increasing faster than the provincial average? Is the area's population growing faster than the provincial average? Is the area creating jobs faster than the provincial average? Does the area have more than one major employer? Is the area in the RBC Affordability Index Hot Zone (25% to 39%)? Will the area benefit from an economic or real estate ripple effect? Has the political leadership created an economic growth atmosphere? Is the Economic Development Office progressive and helpful? Is the area's infrastructure being built to handle the expected growth? Are there any major transportation improvements in the works? Is the area attractive to Baby Boomers' lifestyle? Is there a short term problem occurring that is slated to disappear in the future? Is there a noted increase in labour and materials cost in the area?

"This is further proof that the diversification of Hamilton's economy is starting to pay great dividends," said the City of Hamilton's Economic Development Division Director Neil Everson.  "We're thrilled with the ranking and encourage investors to contact us to learn more about one of Ontario's hottest economies."

To Order a Copy Of The Complete 80+ Page Top Ontario Investment Towns Research Report Visit: www.ontariorein.com

Hamilton's Economic Development and Real Estate Division's Office is the central point of contact for business assistance. Its services are geared to serve new start-up companies, corporate relocations, and the expansion and retention of existing business. Its mission is to serve as the catalyst for continued economic growth, job creation, and revitalization in Hamilton.

Founded in 1993, the Real Estate Investment Network (REIN™) has grown over the years to become Canada's leading real estate research and education organization. REIN™ does not sell or market real estate to its members or the general public, but instead conducts objective and unbiased research, analysis and investor education. For further information on REIN™, visit www.reincanada.com.

SOURCE City of Hamilton- Economic Development Office

For further information:

Media Contacts:  
Don Campbell
President, Real Estate Investment Network
c/o Melanie Reuter
T : 1-888-824-7346
E-mail : Melanie@reincanada.com
Neil Everson
Director, Economic Development Division
Planning and Economic Development Department, City of Hamilton
T: 905-546-2424 ext. 2359
E-mail: neil.everson@hamilton.ca
Michael Marini, MA, Cert. PR, APR
Coordinator, Marketing
Economic Development Division
Planning and Economic Development Department, City of Hamilton
T: 905-546-2424 ext. 1781
C : 905-977-0883
E-mail: michael.marini@hamilton.ca

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City of Hamilton- Economic Development Office

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