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The Garden City of St. Catharines Ontario is the largest city in the province’s Niagara region. Known got its lush landscape and beautiful natural environment, this city is an easy choice for investors who want to take advantage of the beauty of the region without falling into the more tourist-heavy markets of Niagara Falls.
With an estimated population of approximately 136,000 residents, St. Catharines is a modestly large city with plenty of room for people to live and build their lives. This is greatly contrasted by the large city of Toronto Ontario only 51 kilometres north which is home to a significantly larger population. As a result, St Catharines real estate is often considered a relaxing alternative to Toronto-style living and the market conditions reflect this.
So, if you are interested investing in a beautiful community that benefits from the spillover from Toronto’s massive real estate market, St Catharines real estate may be the place for you.
However, before we dive in, if you are interested in diving into the St Catharines real estate investing market, click the link below to book a free strategy call with our team at LendCity.
The Largest City in Niagara
In the Niagara Region, there are 12 distinct municipalities which all work together to create a strong and interconnected community – the largest of which is the city of St. Catharines. This means that while the largest tourism draw in the region is Niagara Falls, long-term rentals are going to be in greater demand in St Catharines.
As a part of the Niagara Region, St Catharines is within easy driving distance of these major tourist locations on top of the city’s own unique offerings. This is frequently appealing to renters who want easy access to these attractions without the day-to-day hassle of living in major tourist cities like Niagara Falls because of the quieter lifestyle the city provides while still providing the advantages of big city living as opposed to small town life.
Education and Student Living
St Catharines is home to Brock University – a popular university with a student population of approximately 19,000. This combined with other post-secondary institutions such as The Michael G. DeGroote School of Medicine provides the city with a strong student culture which naturally creates a large demand for student housing to accommodate students who live off-campus and do not have the option of living with family.
As a result there is also a strong student culture in the city, with many younger people frequenting the city’s bars and establishments on nights and weekends when they are not in class.
If you are looking to invest in student rentals, a safe bet may be to pursue real estate that is close to school campuses or nearby public transit so that students may go between classes and home more easily.
A High Quality of Life
Despite being contrasted with the high-speed tension of Toronto living, local officials in St Catharines make a strong commitment each year to ensure that the city is a calm and relaxing place to live with a high quality of life for its residents.
One of the main ways this is done is by maintaining the area’s beautiful natural landscape, parks, and local gardens. These efforts are part of the reason the city holds its reputation as “The Garden City” of Ontario.
In addition to the commitment to caring for the city’s parks, the area is also home to six major trails that are maintained for walking, running, cycling and more year-round so that people are able to properly get out and appreciate nature. The most notable of these trail systems is Bruce Trail – the oldest and longest hiking trail in all of Canada – which has a 20-kilometre segment that stretches through the city.
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An Affordable Housing Market
If you are looking for affordable, look no further than the St Catharines real estate market market – especially when contrasted with the prices in Toronto to the north. In fact, the average prices in St Catharines real estate are among some of the most competitive prices you will find for a city of its size in the Greater Golden Horseshoe. With an average housing price of roughly $710,000 at the time of writing this article, housing within the city is frequently quite attainable.
In regard to vacancy rate, the average rate in the city’s core is currently estimated at approximately 3 per cent, just inside of the 3 to 5 per cent margin recommended as a ‘healthy’ rate for a city in Ontario to maintain. However, in other parts of the city, the vacancy rate does dip lower thus providing less mobility for renters.
The average rent for a one-bedroom apartment in the city is currently estimated at about $1400 per month which falls just below the average in other similarly sized cities in the province. That means that while cash flow may not be as significant in all properties, affordability is less likely to be a concern that your tenants will have to deal with.
St Catharines Real Estate – Life in the Niagara Region
So, if you are interested in investing in the relaxing and beautiful lifestyle of the Niagara Region, look no further than the beautiful city of St. Catharines. With easy access to major attractions and municipalities, it is no surprise that investors have been keeping their eye on the region to test the waters for their investments.
So, if you have faith in the St Catharines real estate market and want to get in before the watchers do, let us help you get started. At LendCity we can help you secure the best available financing so that you can spend less time watching and more time growing your personal wealth through clever real estate investments.
So, to get started today, all you need to do is visit us at LendCity.ca or give us a call at 519-960-0370
St Catharines Real Estate Professionals
Here is a list of trusted real estate professionals that service the St Catharines real estate market.
Mortgage Brokers
LendCity Mortgages
If you are ready to finance St Catharines real estate investments, click the link below for a free strategy call with us at LendCity.