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St Catharines Ontario, also known as The Garden City, is the largest city in the Niagara Province and thus is a hub for many businesses and industries the help run the popular tourist destination. However, despite already being a successful city by its own right, the city still holds great potential as an investment destination for people looking to tap into the great potential still held within this city.
As the largest city in the Niagara Region, the city of St. Catharines is home to an estimated 136,000 residents. While this does make it one of the larger cities in Ontario, the truth is that the city still offers plenty of room for comfort and quiet living, on top of the hustle and bustle of the downtown core and business districts that fill the city.
However, there is far more to the city’s investment potential that is size and location. So, if you are interested in exploring the beautiful St Catharines real estate market, here are some key factors for you to consider.
Before you dive in, if you are interested in learning how to properly finance and invest in St Catharines real estate, click the link below for a free strategy call with our team at LendCIty.
Major Industries in St Catharines Real Estate
According to the city of St. Catharines research and statistics, the local economy is driven by a combination of six key industries. These industries are as follows:
Agriculture, Food and Beverage
Agricultural and related businesses are a major driver for employment in both St. Catharines and the Niagara Region as a whole. This is largely due to the region’s strong and well-maintained natural environment that allows for crops and food products to be developed effectively and reliably.
Cross-cutting technologies – although an uncommon term to the average person – are essentially the digital frameworks and technologies that create the backbones of many modern industries. Essentially, they are the building blocks that allow for industry and technology to grow, thrive and operate.
The healthcare sector in St. Catharines is notably strong and reliable, with a total of over 8400 residents being employed in the industry during their last employment survey. Jobs in the city range from doctors, to nurses to medical specialists and personal care workers, which when combined form one of the regions primary job markets.
Manufacturing in St. Catharines has slowed down in recent years since the closing of the General Motors transmission plant in the city, however, even still manufacturing jobs remain abundant in the area with an estimated 5700 people being employed in this sector.
Engineering and Science
Engineering and science are massive employment sectors in the region that when combined with the cross-cutting technologies sector create a culture of innovation and progressive technology that helps to move the city and region towards a more sustainable future.
Finally, the tourism sector in St. Catharines is strong and independent from the nearby city of Niagara Falls. So, let’s take a closer look at this industry in detail.
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Leveraging The Local Tourism Industry
The local tourism industry is a safe bet for investors who are looking to leverage existing industry in the city in order to ensure they are building long-lasting investments that have the potential to generate meaningful wealth and returns.
There are three main areas that contribute to the local tourism sector that each serve as strong starting points for your personal investments.
Arts and Culture
The arts and culture sector in St Catharines is full of many live theatre events and performance companies such as Garden City productions, the Carousel Players and the Empty Box Theatre Company. These provide a year-round source of live entertainment for residents and tourists alike.
There are also unique events such as the Grape and Wine Festival Parade and the International Chicken Chucking Competition that offer an experience that is not available elsewhere.
Other attractions include the Centennial Gardens and the local parks and hiking trails which each provide a beautiful, natural experience for the residents.
The Niagara Region
Rentals in the St Catharines real estate market is also a popular place to stay for individuals visiting other parts of the Niagara Region who do not want to deal with the tourist culture and prices that normally overtake accommodations in Niagara Falls and Niagara on the Like
St Catharines Real Estate – Grow Your Portfolio in The Garden City
If you are interested in investing into a market known for its beautiful sights and strong local industry, the St Catharines real estate market may be the place for you. Not only does this city provide a centralized process for developers to access the resources they need, but the local tourism industry is strong enough to help drive local businesses and commercial investments.
However, if you have plans for commercial investments or new developments within the St Catharines real estate market and the Niagara Region, you are going to need to secure financing that suits your goals and investment strategy so that you can spend less time focused on finances and more time getting the job done.
That is why at LendCity, we pride ourselves on the efforts of our commercial financing department. Instead of simply handing your deals over to the first lender who would say yes, we take a look at your entire portfolio and your investments goals in order to use that information to match you up with the best available lender for your future as an investor.
If you are ready to get started today or would like more information on our investor-focused mortgage experience, visit us at LendCity.ca or give our office a call at 519-960-0370 to book a consultation with a member of our team.
St Catharines Real Estate Professionals
Here is a list of trusted real estate professionals that service the St Catharines real estate market.
If you would like to learn more about how you can finance your St Catharines real estate investments, click the link below for a free strategy call with our team at LendCity.