Some of Ontario’s greatest landmarks are found in the Niagara Region. It’s the site of one of the world’s natural wonders; Niagara Falls, it’s home to premier wineries and boasts the cosiest bed and breakfasts one could ask for. There is plenty to explore in this region and new residential developments are following suit. But in order for residential growth to really take off, transit accessibility will need improvements.
In the past, Niagara was served by trains running between Union Station and Burlington GO, with buses to Niagara Region, however, The Summer GO service between Union Station and Niagara had proven to be a great success-- So much so that Metrolinx has begun regular GO train service for St. Catharines and Niagara.
As of January 7, 2019, Niagara Region commuters can take the Lakeshore West train between Niagara Falls and Toronto from Monday to Friday. The train line’s original last stop was in Hamilton but it has now been extended into Niagara, which allows new stops from both Niagara Falls to St. Catharines.
The new extended train lines will depart from Niagara Falls at 5:19 AM and will leave from Union Station at 5:15 PM which will allow commuters to have enough time to get to and from work each day. Although the current schedule only permits one train per day, this is the first ever regular GO Train service between Niagara Falls and Toronto-- and it is expected to make the commute both easier and faster.
But how does this affect you as an investor?
At an economic conference hosted by the Toronto Real Estate Board early last year, the CEO of Metrolinx explained that transit and property values are closely linked. With the province’s plan to expand GO train service, this is a great time to consider buying property with easy access to the system.
According to Metrolinx.com, the region is expected to grow to 610,000 residents by 2041, with 4 new and improved stations including, Confederation Station in Stoney Creek, Grimsby Station, and the newly launched St. Catharines and Niagara Falls stations. Not to mention, new tourists and living destinations like Paradise Walk will reportedly house 3,400 residences, generate 3,000 jobs and 10,000 indirect jobs for the region. If there were ever a time for investors to dip their toes into the Niagara real estate market, the time is now.
The region’s transit system is in for a major renaissance, which will benefit investors and the growing number of residents who call the GTA and its surrounding area home. Stay tuned to our blog for more updates about these and other urban issues.
Here’s a list of pre-construction residences coming soon to the Niagara Region
330 Prince Charles Drive Condos by Evertrust Development Group Canada Inc.
330 Prince Charles Dr N, Welland, ON
This upcoming development is newly proposed but is expected to be headed to the City of Welland, in the Niagara Region.
If you are in the market for a single family home or townhome, Mountainview Homes has quite the list of modern and traditional residences in the region.