It's no secret that the pandemic has prompted many former die-hard Toronto residents to reconsider life in the big city and relocate to smaller, more affordable towns and cities with more space, and it seems as though Hamilton-Burlington's real estate market is reaping the benefits as a result.

According to a report from RE/MAX, residential sales in the area have been consistently soaring compared to pre-pandemic.

"The Hamilton-Burlington real estate market has been attracting buyers with more than just its homes," reads the report, which lists some of the most popular attractions in the region including the Royal Botanical Gardens and the Art Gallery of Burlington. 

"Then there's the Hamilton-Burlington real estate market itself, which has become a focus for homebuyers seeking to escape the urban confines of downtown Toronto in search of bigger homes, yards with swimming pools, and room to breathe."

Based on statistics from the REALTORS Association of Hamilton-Burlington (RAHB), the region saw an increase in residential sales of almost 25 per cent year-over-year in the fourth quarter of 2020.

"This number comes as no surprise to anyone who has followed the ascent of this sizzling-hot market over the past year," notes the report.

The average price for a residential property in the local Hamilton-Burlington real estate market currently sits at $787,840, representing an increase of almost 8 per cent compared to last month.

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