List of New Condos in Woodstock
Introducing Woodstock, Ontario
Woodstock, Ontario is a significant town in Kitchener-Waterloo. Woodstock, 45 minutes from the renowned engineering and IT metropolis, has 40,000 residents and is expanding. The popularity of new condos in Woodstock has grown owing to natural expansion and rising housing prices in Kitchener-Waterloo. It’s not only Toronto residents searching for a cheaper or more rural lifestyle in a community yet within convenient commuting distance of the metropolis. It also has highway or VIA Rail access to Kitchener-Waterloo, Hamilton, and the GTA. Contrary to its reputation as a sleepy suburb, Woodstock boasts a rich history, old and modern structures, and many city conveniences. Its past is displayed in its downtown streets lined with ancient trees and Victorian residences, public parks, and market squares. Its historic city is an excellent location to reside for anybody interested in the history and tradition of this region of the north. Woodstock has flourished in the previous decade thanks to a $1.1 billion Toyota manufacturing factory that has attracted jobs and secondary companies. As a result of the city’s flourishing manufacturing industry and the desire of new inhabitants to work from home or commute, Woodstock has built hundreds of new condos and preconstruction condos. The undulating rural area of farms, large forests, and big hills that distinguish the Kitchener-Waterloo topography brings with it a multitude of parks and paths for locals to access. Woodstock combines the amenities of a fully developed municipality with the convenience of a bedroom neighbourhood. New inhabitants who don’t mind a commute would love to live in or rent new condos in Woodstock.
Why Buy New Condos in Woodstock?
Two major events have boosted Woodstock’s growth: Initial construction of a billion dollar Toyota manufacturing factory attracted manufacturing employment, firms and services to support that sector. Second, rising property prices in major urban areas are felt across the country, not only in Toronto and Vancouver, but also in Kitchener-Waterloo, pushing residents out of pricey metropolitan centres to more peripheral regions in search of inexpensive homes within manageable commuting distances. Woodstock is a 45-minute drive from Kitchener or Hamilton, a 25-minute drive from London, and has a VIA Rail station that allows commuters to reach Hamilton and Kitchener in the same amount of time as driving. Young professionals who don’t want to drive can buy new condos in Woodstock within walking distance of VIA Rail, or drive to any number of cities for work or other reasons. The town’s past adds value to new residences in Woodstock. Rather of being a boring suburban commuter town with much to do, its 1800s heritage, structures from mills to a brewery and distillery, and vibrant downtown give it a distinct character. Woodstock is a rising community with a clear strategy for attracting investment and diversifying its economy. It approved $233 million in industrial and residential permits. Its residents have access to several schools within a reasonable driving distance. It has an economic development department that assists bigger corporations investing in it and supports and guides startups. Despite the epidemic, Woodstock’s housing market is booming. New condos in Woodstock are listed for an average of 13 days before selling, and investment in this market is sure to provide consistent returns as the city grows and its transit connections improve.
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Woodstock’s Economy
Woodstock’s agricultural, tourism, and manufacturing businesses are booming. Starting with the $1.1 billion manufacturing facility that has been operating since 2005, Toyota has created an ecosystem of smaller firms and services that support production, such as logistics companies that move components in and out. A number of agricultural, industrial, commercial, and residential plots are available for purchase, and the city has a team of experts to assist with the process. There are acres of land set aside for commercial and industrial development. It is a rapidly rising city that supports investment and economic growth. Woodstock has 3x the number of university graduates than college, providing a talented workforce. Manufacturing employs the most people, followed by transportation and logistics, and tourist accommodation. Retail and healthcare are other big businesses.
Average Price of New Condos in Woodstock
Woodstock’s number of listed units fell by around 20% between September 2020 and 2021, yet sales are still 7% over average for the prior five years, and prices are higher. According to the CREA the MLS HPI Composite Benchmark, based on all dwelling types, increased 33% year-on-year to $596,800. New Condos in Woodstock are not a very active development in the city’s real estate market, with townhomes and homes being its primary market. However the composite benchmark can be compared to the cost of Townhomes which are over $400,000.
Getting Around in Woodstock
Woodstock is easily accessible from Kitchener-Waterloo, Hamilton, Brantford, Cambridge, and London. It’s located in the heart of Ontario’s south west, near Highways 401 and 403, with convenient access to all major South Ontario cities. From Kitchener, they may reach Mississauga in 1h15m or Toronto in 1h35m over the same roadway. Woodstock’s VIA Rail station can get you to Toronto in 1h30m. Driving to Brantford takes 30-35 minutes, and to London 40 minutes. As a result, a new condo buyer in Woodstock has 30-45 minute access to a number of major urban centres, including the important technological and manufacturing hubs of Kitchener-Waterloo and Hamilton. Although VIA Rail has a station in the city, inhabitants prefer vehicles, with carpooling and walking coming in second and third. A commute to work takes less than 15 minutes for around half of its workforce, and 30–59 minutes for the other quarter. London International Airport is 53km distant.
