Brantford

Brantford is a city in the southwestern part of Ontario that is home to a number of monuments that have great historical significance. Some of these include the Joseph Brant Monument and the Brant War Memorial Bell Memorial. The Great One sculptures along with the Children’s Memorial Garden are also some of the major attractions here that were added over the years as public art collections. Besides these monuments, Brantford is also the host for the annual Brantford Jazz Festival which accommodates over 20,000 people that come from different parts of the country. Although Brantford is small in size, it has much potential for growth and development. The city is located towards the southwestern side of Toronto, at a distance of 104 kilometers. A unique feature about this city functions as an indepen municipality despite the fact that it is enveloped by Brantford County. Its ideal location along the Grand River makes it ideal for activities like kayaking and canoeing along with several water sports. Brantford also features several activities and things to do that you start to discover once you set foot here. This is one city with a diverse population that has several heritages, cultures and local arts that are up for experiencing. Brantford also has a list of galleries, museums, performing and visual arts that lures in thousands of tourists all year round.

List of New Condos in Brantford

Why Invest in Brantford Real Estate?

The fact that Brantford has several tourist attractions along with immense potential for business and residential development, makes it an ideal place to invest when it comes to real estate. The current population of the city is an estimated 100,000 residents and is slowly starting to attract more people owing to the fact that real estate prices are affordable as compared to other cities in the Greater Toronto Area such as Vaughan, Mississauga and Toronto. Brantford also has one of the lowest unemployment rates in the province as compared to that of the province and the nation, making it an attractive place to invest in real estate. Brantford had attained the lowest unemployment rate in the year 2019 for Ontario which stood at 4.5 percent. Despite employment getting affected post the 2020 COVID-19 pandemic which made the unemployment rate soar, there is still hope that this city will maintain a lower rate of unemployment as compared to other areas in the province.

Brantford also has one of the lowest vacancy rates in the whole of Canada, which makes it ideal for investing in real estate as there is huge demand for condos. The city of Brantford has a huge demand for rental properties which makes it ideal for investing here. Although bigger cities like Toronto have a comparatively lower rate of vacancy, with an average vacancy rate below 3 percent makes the city of Brantford a great place to invest as there is huge demand for properties on rent. With the higher demand for rental properties, investors also have the opportunity to charge a higher amount of money for rent as compared to other places in various municipalities. All in all Brantford has been focussed about three things – providing real estate that is affordable, bringing about well-sorted post secondary educational institutions and creating opportunities for employment. This has been noticed by the masses and has led to a huge influx of people who are mainly composed of students and young professionals seeking to rent out properties. The areas in and around these educational institutes are hot spots for investments as there will be thousands of off-campus students who would want an accommodation nearby. Students usually opt to rent out properties, rather than buy, which makes it ideal for investment properties.

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Accessibility

Brantford’s close proximity to Provincial Highway 403 results in the availability of several routes that helps residents travel to several destinations across the Greater Toronto Area and beyond. Thanks to this highway, residents can travel to destinations like Niagara and Toronto with a simple one hour drive. This also makes the city a great place to live as commuting to other destinations is never a challenge. Locally the residents have access to Brantford Transit which provides bus services that have routes across the city. Besides this there is also the availability of GO Bus services that allow the residents to travel across the Greater Toronto Area within no time. Travelling to important destinations throughout Canada is also made easy thanks to the availability of the VIA Rail Train that has routes across the country. The city of Brantford is steadily trying to introduce more active modes of transportation for its residents in the coming days. It has also been trying to make arrangements to accommodate walking and cycling in order to curb the issues of traffic congestion. Travelling to the airport is also a convenient option as the nearest airport is the Hamilton Airport which can be reached within 30 minutes by car.

Average Price of Condos in Brantford

As compared to Q3 of 2020 and Q3 of 2019, the home values here in the city of Brantford have had a significant surge. A home in Brantford had an average price of $532,267 in 2020, which reflects an increase of 23.1 percent for the same time frame in 2019. The residential real estate of Brantford has also been setting records as compared to the municipalities of other regions. The real estate market of the city has also been booming and is very active as the number of properties sold through Multiple Listing Services have gone up significantly by 42.7 percent in 2020. The average resale appreciation currently stands at 7.5 percent which has been maintained over the last 10 years. On the other hand, rental appreciation rate is at 3.2 percent which is healthy as compared to other places in the province. This rental rate will continue to soar and the city will witness a huge influx of students as a result of the setting up of several education institutes in the city.

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