Many Canadian investors flock to urban centers to purchase properties, but there are a lot of benefits of investing in up-and-coming areas. There are plenty with lots of growth potential and more access to homes, buildings and lots. Stouffville, an urban area located within Whitchurch-Stouffville in Ontario, is a growing area with a lot to offer for investors.
Table of Contents - Benefits of Real Estate Investing in Stouffville
Stouffville's History and population
Stouffville was first founded as a hamlet in 1804, by a businessman who built a sawmill and a grist mill in the area. By 1971, the population of Stouffville had grown to just over 5,000 people and the town continued to grow and undergo development over time. During land development in Stouffville in 2003, a large Huron village dating back to the 16th century was discovered. Researchers uncovered countless artifacts and the remnants of a town which was inhabited by an estimated 2,000 people. This discovery attracted a lot of attention from historians, anthropologists and archaeologists who were eager to learn more about the village and the people who lived there.
Stouffville’s population has undergone impressive growth in recent years. With a population of between 8,000 and 10,000 people in 2006, Stouffville was a relatively small town as recently as 15 years ago. However, the population of Stouffville expanded by over 100 percent between 2006 and 2011 to 24,886 people. That figure is expected to increase even more in the coming years as the town develops and more people settle into the area, open businesses, build homes and establish community attractions.
One of the biggest benefits of investing in Stouffville is that it has a central location. This makes it easy for residents to access city resources, including hospitals, retail shopping plazas and major transportation routes, as well as small-town attractions like natural areas, parks and community centers. Stouffville is often regarded as the trail capital of Canada because of its wealth of natural areas and outdoor recreation opportunities, but it is also located just a matter of minutes driving from Downtown Toronto. Residents of Stouffville enjoy the accessibility of big-city amenities with the charm and peace of countryside living.
Quality of life and attractions in Stouffville
One of the reasons why so many people have decided to settle down in Stouffville is because it offers a wide range of recreational opportunities, attractions and events for residents and visitors to enjoy. While many facilities are currently shut down during the COVID-19 pandemic, Stouffville’s programming will gradually return as things slowly begin to go back to normal in the coming months and years. Stouffville offers community programs and classes, swimming facilities, ice skating, parks and trails and fitness centers for residents to use. Also, Stouffville encourages volunteering and offers lots of opportunities for people to get involved in the community.
Stouffville is known for creating a strong sense of community through events and gatherings. In past years, residents and visitors have enjoyed fireworks displays, community exercise events, art shows and festivals to foster a sense of community spirit while providing people with great opportunities to have fun right in their own backyards. Community events give Stouffville residents a much stronger community identity and contribute to the town’s appeal among people who are considering a move to the area.
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Economy and industries
Stouffville has a diverse economy that’s bolstered by several different industries. The key industries in Stouffville include retail, construction, educational services, finance, insurance and scientific and technical services. A large share of the working population in Stouffville has a post-secondary degree, providing the area with skilled labour to promote economic growth and development. The unemployment rate in Stouffville is lower than that in the rest of Ontario generally and incomes are higher than average for the province.
Developing in Stouffville
Stouffville has adopted a strategic approach to economic development and growth. The town has invested in extensive planning to create an economic development plan to guide investment and development within the area. In its development plan, Stouffville balances the desire to maintain the natural beauty and countryside appeal of the town with the needs of businesses and the growth of the economy. Through careful planning and prudent development. Stouffville is on track to become an even more attractive area for business owners and residents to settle down.
The town of Stouffville offers a lot of incentives and services to investors, developers and entrepreneurs who choose to invest in the area. The Development Services Department in Stouffville provides business owners, developers and investors with a variety of services that are designed to maximize ROI and streamline projects and investments. This department is divided into four distinct divisions including Policy Planning, Development Planning, Engineering, and Building.
Real estate market in Stouffville
The residential real estate market in Stouffville has demonstrated impressive growth over the last several years as more and more people choose to settle in the town. Real estate prices in Stouffville are at an impressive $1.2 million with a nearly 18 percent annual increase. While those prices might seem intimidating, the market has demonstrated steady growth and climbing prices so investors have the opportunity to capitalize on the town’s growth with strategic investments in residential real estate. Homes in Stouffville spend an average of 24 days on the market and have a selling to listing price ratio of 104 percent.
With a thriving economy, a great real estate market and a wonderful quality of life, investors who choose to buy in Stouffville enjoy many benefits. Whether you’re thinking about buying a house to rent out or you are planning a bigger investment and development project, choosing Stouffville is a wise move that can seriously pay off over time. As the town continues to grow, opportunities for investors, entrepreneurs and developers will grow too. So, if you’re looking for the perfect place for your next investment, look no further than Stouffville.
Real Estate Professionals in Stouffville
We have searched high and low for real estate investing professionals in Stouffville. Below, you can find professionals we have researched and can confirm they specialize in working with Real Estate Investors.
To ensure the maximum success in real estate investing in Stouffville, or any city, you should always use professionals who understand and work with investors, your income depends on it.
This list may not fully list all the professionals in the area, but the ones we have personally investigated and that we would refer our clients to.
If you’re a real estate professional and would like us to consider adding you to the list, please contact us.
Town of Stouffville
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