The surge in home prices in the Greater Toronto Area (GTA) is what causes many buyers to turn to other neighboring markets in an attempt to search for more affordable options. Brantford has become one of the most sought-after areas for many homebuyers in the past few years, which is reflective in its elevated sales and higher property value. This article will expand on why you should consider investing in a property in Brantford.
Brantford Is a Hot Spot Among Young Buyers
Brantford has become widely popular among young buyers and families. The main reason is that this demographic prefers options that are more affordable. As the price of most homes in the GTA has significantly increased over the last couple of years, young buyers who are looking to build a family in a new home are starting to shift their interest to Brantford instead.
In Toronto, the average price of detached homes is twice as much as the ones in Brantford. Thus, it goes without saying that, for first-time buyers, the decision is a fairly easy one!
The Location Is Prime
Other than the cost factor, Brantford is also very attractive when it comes to the location. The city is close to the GTA, Hamilton, as well as London. On top of that, Brantford is located along Highway 403 and is near to Highway 401, which are two of Canada’s most crowded highways. This makes commuting to the cities highly convenient.
The Future Is Optimistic For the Real Estate Market
Brantford is also fairly well-known for its excellent options in post-secondary education. The city is home to campuses for Nipissing University, Conestoga College, and Wilfrid Laurier University. As the enrollment rate continues to increase, a housing need will also grow in the process.
In fact, the City of Brantford is working alongside these educational institutions to improve the infrastructure in order to accommodate the significant expansion as we speak.
In terms of housing, Brantford has various options that homebuyers can consider. Due to the rapid rate of population growth, the city has a perfect mix of traditional detached homes and townhomes outside of the downtown core.
This is what makes Brantford an attractive choice for many buyers, especially young buyers. In the downtown area, though the development is still ongoing, mid-rise projects and stacked townhomes will be the best options to accommodate this population growth.
If you would like to invest in a property in Brantford, there are two main strategies that you should implement. The first is to look for a property that is within close proximity to the downtown core. This is so that you can reap the benefits of higher rental rates and future improvements in educational institutions and infrastructure.
The second strategy is to buy a new build from one of the trusted builder sites. Capital growth over time can be extremely rewarding for you in the future, making your investment worthwhile. All in all, Brantford is undeniably one of the greatest cities to invest in!
If you’re looking for real estate in Brantford, get in touch with Campbell and Company today! With extensive experience in finding incredible homes in Brantford, we’ll help you find the perfect one for you.