Niagara real estate market is seeing an upward trend with sales increasing and property prices climbing up in the city. The Niagara Association of REALTORS (NAR) reported 600 property sales in November 2018. This represents a 2.7% increase in sales compared to November of last year. The steady climb in property prices and demand in real estate in Niagara Falls reveals the fact that buyers are now looking at cities apart from Toronto to invest and live in. With high prices of real estate in Toronto, homebuyers are now looking at exciting new places such as Niagara that is offering amenities and excellent transit.
The average housing price in Niagara Falls stood at $408,905 in 2018, showing an increase of 6.1%. There is also a sharp rise of 18.9% in property listings since 2017. Niagara Falls has many excellent neighbourhoods such as Fallsview Boulevard, Clifton Hill District, and Clifton Hill Niagara. The city has a lot to offer to its residents, including nightlife, outdoor recreation, waterparks and theme parks, high-rise hotels, museums and historical sites, lush green golf courses, theatres, casinos, and of course, the magnificent Niagara Falls.
The population of Niagara Falls was 81,300 in 2011 while that of the metropolitan area was 422,805. The city has a strong and stable economy with tourism, industries and casinos. Niagara Falls is a hot destination for real estate investment, offering a rich life to its residents. You’ll find an abundance of natural beauty combined with all modern amenities. It is these advantages that are attracting more and more people to this city of natural beauty.
Niagara Falls has all types of residential properties for sale, including condos, townhomes, semi-detached home and detached homes. Due to affordability, more buyers are preferring to own a condominium unit although there is a demand for all types of properties.
Properties in Niagara Falls are in demand, as both sales and prices of real estate are consistently rising. Niagara Falls is one of the best locations to live in. It has an excellent transit system with its own international airport. The Fallsview Blvd is the entertainment district of Niagara Falls with movie theatres. For eating out, there are numerous fine and casual dining restaurants, and more shopping choices and live entertainment.
Niagara Falls also has many good schools, colleges and a university. Queen Elizabeth Way and VIA rail connect Niagara Falls to downtown Toronto. Train stations and highways add to easy transportation. The city offers proximity to the U.S. as well.
The real estate market of Niagara Falls is expected to stay stable in the absence of any government intervention. This is seen as a healthier time for the market, as sharp fluctuations are not likely to occur. An attractive city to live in, Niagara Falls is going to be among the top destinations for Toronto condo Investors in Canada.
Niagara Falls is extremely well-connected, having a variety of transit options. The city has its own international airport: Niagara Falls International Airport, allowing easy access to domestic and international destinations. For travelling close by, there’s the Niagara Falls train station that connects you directly to downtown Toronto.
Many highways run across the city, including the major Queen Elizabeth Way that connects you directly to Toronto and other cities and neighbourhoods. Via Rail Canada and Amtrak jointly run one train each day: the Maple Leaf, which operates between the Union Station of Toronto, Niagara, Buffalo, Albany and New York’s Penn station. Niagara Falls, Ontario and Niagara Fall, NY are linked to major highways in Canada and the U.S.