Why Buying Property in Niagara is a Great Investment
Updated: Dec 6, 2019
Investing in properties is a step many would love to take. It’s a clear indication of your financial stability and investment prowess. In today’s market, properties account for a substantial percentage of the wealth accumulation across Canada. Think about it, What costs more than a house? An island! You get my point.
Investing in a property isn’t just a wise decision but it could be your saving grace if times get hard. When other channels of incomes are no longer an option, rental income can keep the shirt on your back. You can’t rent a house or even a bedroom if you don’t own one. Properties do not only appreciate in value over time but are a reasonably safe investment. Try making a list of people who made their fortunes through real estate, it would be exhausting, wouldn’t it? Prominent names we see and talk about are full-time or part-time real estate investors. If that isn’t motivation enough to invest in Real Estate, I don’t know what is.
With the help of a competent Realtor, you can make a wise investment and reap the rewards within a short period. Take a look at the market in Niagara, the average sale price year over year is consistently increasing by 5-10%. You should consider investing in Niagara now for the following reasons:
Firstly, Niagara offers an uncommon splendor which attracts thousands. Tourists find their way into the Niagara Region yearly for different experiences within several cities. Niagara Falls may be the main attraction, but tourists fall in love with the magnificence of Niagara-on-the-Lake, they shop til’ they drop at our outlet mall, and some even get the opportunity to see the stoplight in Dunnville. What’s for sure is the many pleasures the cities in Niagara have to offer. Breathtaking nature, friendly local shops, fine dining at its best, casual eateries sure to please, game centres for the kids and the kids at heart, and a buzzing economy. Niagara is continually experiencing a growth in its population, which is why we’re finally getting the go-train, or is the go-train the reason we’re seeing a grown in population? I’ll leave that up to you to decide. Just imagine the Real Estate market when those babies arrive!
Second, let’s talk about Ontario; the province of Ontario is the most populated in Canada. According to newswire.ca, Ontario cities top charts for the ultimate real estate investment destinations in Canada. Also, Ontario cities outperform other provinces in housing and rental markets in the previous years. The forecast shows Ontario cities have the growth, diversity, and strength to lead other cities with continuous increases in value in the coming years. Yes, Toronto and Vancouver have the most expensive Real Estate, but ask yourselves this, where have Torontonians been investing their money for the past few years? yep, that’s right, the Niagara Region. Case and point!
Another reason for you to consider investing in the Niagara Real Estate market is the region’s economy. One proven strategy to accumulate wealth is through monthly rental cash flow. Currently, Niagara is experiencing continuous growth in numerous areas, even the ones we sometimes forget about, like Fort Erie, Fonthill, Welland, Beamsille and Grimsby. Niagara’s economy is offering opportunities for development in all sectors, and we don’t see it slowing down any time soon
Also, Niagara offers investment opportunities and economic growth unlike anything we’ve seen in the region, our neighbours across the lake, are buying houses in Beamsville, Grimsby, St. Catharines going as far South as Fort Erie, and commuting to work every day. They’re also buying houses and renting them out or providing Air b&b accommodations. Real Estate investments accumulate long-term appreciation, and equity will continue to grow over time with every new investment in Real Estate. With steady growth, the rental market in Niagara will continue to flourish.
Overall, investing in Real Estate is becoming more and more popular. This is because investors are aware of the benefits and security that real estate offers. Taking it a step further by investing in the right location will maximize the return on your investments.
Niagara is the right location to invest, today.