Are you searching for a new home in Niagara, but having second thoughts due to rising real estate prices in other parts of the province?
You aren’t alone.
Sometimes, it’s best to take a wait-and-see attitude, keeping an eye on the market and perhaps expanding your search area to get a better idea of what’s out there.
You may, with just a little effort and the assistance of the experts at McGarr Realty, find yourself a hidden gem – right in the middle of the region.
Because they really are out there. We’re talking about the city of Thorold, “where ships climb the mountain,” as it says on the city’s website.
Incorporated as a city in July, 1975, the former town saw humble beginnings as a series of villages surrounding the Welland Canal.
The communities of Allanburg, Beaverdams, Port Robinson, St. John’s and Thorold South came together as the Township of Thorold as early as 1798. The town itself was first a village (1850) and then a town proper (1875). In 1970, the township and town were combined into the new Town of Thorold.
The area continued to grow and change even as it earned city status in 1975, with industrial and residential neighbourhoods sitting side by side, offering residents a place to live and a choice of places at which to work.
Regional Niagara and municipal governments ensure a full complement of services is offered to residents and business owners. The city is well served by its mayor and eight councillors, in partnership with the region (the mayor acts as the city’s representative on regional council, also).
In its September market report, the Niagara Association of Realtors reports a 36 per cent drop in sales compared to September of 2016. However, the residential average sale price for St. Catharines-Niagara sits at $405,480 – that’s 12.42 per cent higher than the average for September, 2016.
When you compare Niagara’s September residential average to that of Hamilton-Burlington for the same period ($549,395), or to the GTA ($775,546), you quickly realize that, not only does Niagara have loads to offer its residents – we have real estate bargains here, too.
A quick search of Realtor.ca for Thorold shows a variety of residential properties available for sale, from condominiums to townhomes to various other types of single-family dwellings.
At the time of writing (October, 2017), prices ranged from $199,900 to $1,098,800, with a whole lot of choices in between.
You could potentially choose Thorold as the location of your hidden gem, where your dream home might be just a few minutes’ away from the canal. An evening stroll with the family dog could take you to a pathway alongside the Welland Canals Parkway, where you could watch the ships climb the mountain.
Are you ready to expand your search area to include the hidden gems of Thorold? The experts at McGarr Realty are here to help!
Give our office a call at 905-468-9229 in Niagara-on-the-Lake, or 905-687-9229 in St. Catharines. Send us a message via our contact page, HERE.
See you soon!