Why invest in real estate in Niagara ?

There are many reasons why Real Estate activity in niagara seems to be growing and thriving more than ever. The  improved GO Train and Via Rail service in the Niagara region is in the midst of several important infrastructural developments. For instance, the planned $10-million reconstruction of Drummond Road, slated for 2026.

To add, Niagara Region Public Health opened a new 21,500-square-foot facility last year. The new hospital replaced an existing facility that was only a third of the size. The center offers improved health services as well as job, residency, and volunteer opportunities to residents of the region. Planning for a brand new state-of-the-art hospital has also commenced and construction is slated for as soon as the fall of 2022.

Lastly, and perhaps the most important, is the upcoming Niagara Falls Renewable Natural Gas plant, which is expected to be completed by the end of 2021. The $42 million facility will create jobs, stimulate regional economic development, and reduce greenhouse gas emissions in Canada. The Niagara Falls Renewable Natural Gas plant will be the largest of its kind in Ontario.

Niagara remains one of the most attractive destinations for real estate investors or someone who likes to live near the green and nature. 

If you are looking to purchase new construction homes near Niagara, Contact us today. 

Niagara’s Housing scenario - Is it a good idea to invest in Real estate in the Niagara region?

If you have paid attention in the past couple of years, Niagara real estate has been seeing increasing activities. The market is seeing the increase in upcoming reconstruction home projects across the Niagara area. Niagara’s housing prices are rising faster than ever due to increasing tourism, work from home for employees and more people getting fed up living in urban areas.  Given the steepening state of demand for housing, meaningful supply is underway in the region, including a recently-opened affordable housing building for seniors in Welland, a high-rise on Carleton Street in St. Catharines, and an upcoming 73-unit project on Hawkins Street in Niagara Falls. Several upscale condo developments are also underway in the region.

Further, according to a report via Statistics Canada, construction spending rebounded in the region in May. The same source cites that investments in non-residential buildings, such as offices and warehouses, increased by 65.6 percent in May compared to April 2020, and residential investments increased 57 percent during the same period.

When it comes to investing in real estate, in Niagara or anywhere else, it’s important to critically know and feel the market. That’s why it’s important to consider the economies (past, present, and future), of the markets you’re considering well before you invest. Historical and current data shows that Niagara boasts a resilient and growing economy. That, coupled with growing demand for housing, makes the region a promising place to invest your hard-earned-funds. Our recommendation from the past, present and future reconstruction projects and infrastructure proposed, Niagara is one of the most attractive regions to invest in new homes.