The Rise in New Condo Developments in Niagara
The Niagara region has become an extremely desirable place to live, and this has really shown in the rise in new condo developments going up in recent years.
As a whole, the Niagara Region provides a wide variety of choice. There are smaller scale cities with vibrant nightlife such as St. Catharines, to the open farmland and local corner stores in Niagara-on-the-Lake. Therefore, it’s only natural that there is a variety of choice in the newly constructed residential opportunities and options available.
An Experience Outside of the Big City
The cities and townships are surrounded by the beautiful Niagara Escarpment, which is a key part of the Ontario Greenbelt. Both Lake Erie and Lake Ontario surround Niagara, along with several award-winning wineries. Not to mention, we are able to boast affordable housing compared to the skyrocketing prices in Toronto and the GTA.
One of the biggest advantages of living in Niagara is the fact that the region is centrally located between Toronto and Buffalo, New York. Therefore, when you live here, you get a two-in-one. You are able to take advantage of the affordable price of Niagara housing while still enjoying everything the big city has to offer. This affordable pricing incorporates new development projects that create a variety of options to suit different budgets.
The Rise of Condo Living in Niagara
In August 2018, the sale of condos in Niagara was 52.4% higher than in August 2017, with an average sale price of $329,394. This is an increase of 7.1% (Source: Niagara Association of Realtors). Condo development projects in the area are more popular than ever. That’s because it doesn’t take much to see the appeal of condo living.
Condos are appealing mainly to folks who want to own a home without worrying about costly and time-consuming efforts toward exterior home maintenance. From lawn cutting to fertilizing and pulling weeds, keeping up with outdoor maintenance is certainly not for everyone. When you live in a condo, you can eliminate this factor, while still having a home you can call your own (without having to pay someone to clean the gutters).
New Developments in the Niagara Region
Niagara condos are extremely appealing to those coming from Toronto and the GTA. Niagara offers beautiful condos for a fraction of the condo prices in Ontario’s capital, while additionally doubling in space.
In addition to convenience, condos are versatile in terms of location. For those who enjoy being in the heart of the city, there various condo options in all downtown areas in Niagara. Additionally, those who are looking for a quieter option can find condos in North end St. Catharines or Grimsby, overlooking Lake Ontario. There have been various condo development projects underway along the waterfront, including various ongoing projects in the beautiful and historic area of Port Dalhousie.
Our team of top producing realtors is always on the hunt for developing condos within the region. Get in touch and we will help you find the best option for your lifestyle.