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Brantford Ontario is a city sitting firmly within the Golden Horseshoe – the most densely populated region in all of Ontario. However, despite being located in such a high-traffic region, the city still stands to offer a relaxing, wide-open environment for its residents.
The city is widely considered to be a college town with four major post-secondary institutions operating facilities within the city. These schools are Six Nations Polytechnic, Nipissing University, Conestoga College, and the Laurier Brantford campus of Wilfrid Laurier University. As well, the city’s close proximity to Toronto and other major cities in the GTA (Greater Toronto Area) has led some students from other cities to live in the region and commute to their classes in exchange for a lower average cost of living.
However, beyond its appeal to students, the city is also home to a strong labour economy with a healthy unemployment rate and a great deal of opportunities for workers to grow and expand in a variety of key sectors.
So, if you are interested in learning more about how the infamous Telephone City in Ontario can become home to some of the best upcoming real estate investments, let’s take a look.
Before we dive in, if you would like to learn how you can property finance your Brantford real estate investments, click the link below to book your free strategy call with us at LendCity and we will help you find the best available lenders with experience in Brantford real estate investing.
History is Calling
Much like most cities, Brantford has a rich local history that bolsters the local culture and tourism markets. However, unlike other cities, Brantford’s historic development has undeniably impacted the lives of almost every single person on this planet. This is because in Brantford Ontario, at his father’s home, Alexander Graham Bell conceived his greatest invention – the telephone. This invention and its inventor are recognized in the Bell Memorial at the Bell Homestead National Historic Site.
In addition to this amazing invention being conceived in the Bell Homestead – formerly the Melville House – the first transmission to a distance was made in the city.
Brantford was also home to the first telephone factory and telephone business office.
Strong Employment History
The job market in Brantford is incredibly healthy state at the time of writing this article.
The latest estimate for the city’s unemployment rate is 4.8 per cent which is lower than the provincial average rate of 5.6 per cent. This means that Brantford has a lower overall risk of tenants being unemployed or being unable to find new employment if they were to lose their income unexpectedly. This allows the Brantford real estate market to stand strong in today’s economy.
As well, the employment market in the city is incredibly diverse with five widely different industries dominating the workforce and driving the economy.
The five main industries running the Brantford economy are:
Advanced Manufacturing
The advanced manufacturing industry in Brantford employs over 2100 workers across 22 separate companies.
Film, Television and Digital Media
Brantford is quickly becoming a popular place for TV shows and movies to film and work. Notably Amazon Prime’s ‘The Boys’ has filmed in Brantford multiple times throughout the show’s three current seasons.
Food and Beverage Manufacturing
The food and beverage manufacturing industry in Brantford employs over 2300 people directly and enables countless more jobs to grow from it in the city and beyond.
Plastics and Rubber Products
The city is home to 26 companies that employ a total of approximately 1100 workers to produce plastic and rubber products.
Warehousing and Logistics
Warehousing and distribution in Brantford is a thriving industry with over 1500 workers and over 40 warehousing companies operating out of the city.
As well due to the close proximity to Toronto and other large cities, many Brampton residents are able to commute to work and explore out-of-town employment opportunities. This allows for people to bring in money from other cities and reintroduce it into the local economy.
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A Healthy Housing Market in Branford Real Estate
The Brantford real estate Market is strong and reliable in recent years, making it a potential home for some incredibly steady real estate investments.
Despite the slowing real estate market in Ontario, Brantford still maintains an average purchase price of $702,000 for a single-family home, which is currently a bargain in the province’s average markets. However, despite the current downturn, the city is projected to bounce back once inflation is reduced to more manageable levels.
In terms of rent prices, the City of Brantford estimates an average market rent of $1640 per month on a single-bedroom apartment and $2300 for a three-bedroom unit. This provides plenty of room for a steady positive cash flow on the average rental.
The city is also holds an average vacancy rate of approximately 2 per cent at the time of writing this article.
The City’s Recognition is Growing
The Brantford real estate market has been gaining recognition ever since MoneySense’s “Where to Buy Now” ranking put the city in the top spot on their 2018 list. Ever since, investors looking to take advantage of the city’s great potential have begun buying properties in the area. However, even though it has been four years since that ranking was put out, it is still possible to get bargain-priced properties in the city and maintain a strong potential for returns if you know where to look.
Brantford Real Estate – The Telephone City
Brantford is a city with plenty of room for growth and a healthy future ahead with a Brantford real estate and rental market that can service your investment future if you know what you are doing and keep a healthy strategy in mind.
However, to ensure your success you need to make sure you are getting the best available financing for each of your investments. That is why at LendCity we work to match you with the best lender and mortgage product for your specific needs and investing goals so that you can spend more time focused on your next investment.
To get started today, visit us at LendCity.ca or give us a call at 519-960-0370
Brantford Real Estate Professionals
Here is a list of trusted professionals that service the Brantford real estate market.
Mortgage Brokers
LendCity Mortgages
If you would like to learn more about how you can finance your Brantford real estate investments, click the link below to book your free strategy call with our team at LendCity.