Investing in Niagara
Why invest in the Niagara region – it’s a great question and one we are asked all the time. Why not another city or region. For us, the decision was simple, the region was ripe for tremendous growth.
It’s not timing the market, but time IN the market and in 2014 that’s what we set out to do. St. Catharines and the Niagara region had sound economic fundamentals and financials which was the biggest reason we chose to invest.
In fact, in November 2016 St. Catharines Standard stated that Niagara’s real estate market is at a boil.
BY THE NUMBERS
The numbers don’t lie, for example, if you sold in October 2015, your residential average sale price would have been 26% higher by October 2016.
From a regional perspective Niagara property sales in October 2016 also increased 14.8% in October 2015.
The Niagara region is poised for continuous growth. In fact, the Niagara Association of Realtors feel that we are in for eight to ten years of continuous growth.
How do you know this? Simply look at the investments in infrastructure in the region. Specifically, in June of 2016, the Government of Ontario announced the extension of GO Train Service to the Niagara region. That specific announcement raised property values in the area significantly.
FACTS ABOUT THE NIAGARA REGION REAL ESTATE MARKET
St. Catharines is among a number of cities with housing markets producing year over year price gains ranging from 10.8% to 23.8%.
Rising prices are increasingly pushing Hamilton homebuyers out to places like St. Catharines and Brantford.
In February 2016, in St. Catharines, 25% of properties sold for more than their listed price.