New Condos in St. Catharines
Browse new pre-construction condos for sale in St. Catharines. The list of projects on this page updates automatically, and each project page shows its prices, floor plans and availability.
Condo Prices in St. Catharines
Prices for new condos in St. Catharines depend on the neighbourhood, the size of the home and its features. For today's prices, see current listings below.
Investing in St. Catharines Real Estate Market
Referred to as The Garden City, St. Catherines is a town located just north of Niagara falls, on the southern tip of the Golden Horseshoe economic zone and within close driving distance to Buffalo USA, and Hamilton. It occupies a wide lakeside coast, and has its own large body of water running through it in the form of the Martindale Pond. A port, an island and various parks take advantage of this pond and its connection to lake Ontario, its waterways connecting south to lake Erie.
St. Catharines has a population of around 133,113 people. Its growth rate is slow, but green. Its population skews toward older ages, peaking at the 50-60 range, but also nearly matched by the 20-30 age range. The majority of them are married, providing strong combined household incomes, with the highest income bracket at $60-79k/yr. This income has steadily increased year by year. St. Catharines is a culturally diverse town, with a solid base of Aboriginal, Black, Chinese and Latin American populations among other visible minorities.
The majority are English speaking Caucasians, but a healthy diversity of cultural and ethnic backgrounds help to infuse life into the town. St. Catharines is home of the First Ontario performing arts centre, a variety of parks, and rec centres. Parks like the Centennial Gardens formed to celebrate Canada's 100th anniversary, outdoor ice rinks, and an animal farm are some of the various facilities provided.
Why Buy Pre-construction Condo Developments in St. Catharines?
St. Catharines is an idyllic town rich in aesthetic beauty. Its waterways and rich greenspace make it an ideal place for people to settle, while also retaining a large enough youth and multi-cultural demographic that it isn't consigned to being a retirement town. Its long waterways allow pre-construction condo developments in St. Catharines to expand both along the lakeshore and further inland while retaining their waterfront status. The waterways are often accompanied with long paths and linked to a variety of parks, as well as the water itself being a field for beach, swimming, and boating activities.
Employment in St. Catharines
Roughly 60% of St. Catharines' population has post-secondary education, with a focus on Social behavioural sciences and law, business and public administration, healthcare and engineering. Of those employed, fields such as education, Healthcare, business administration, and retail service are its most popular. Thanks to the fact that the Queen Elizabeth way highway runs through it, as well as Highway 406, access to employment outside the city limits is very easy for anyone with a car, or easy access to major public transit like the GO train.
The highways and transit line provide major transportation networks through the major trade hubs of the GTA and the US Border, with quick access to Niagara Falls. The extensive city bus network within the city limits also makes it feasible for its younger population, who occupy many of the retail jobs in the city, to easily get around for both business and pleasure. Youth who live on one side of the city can still commute downtown to work retail, whereas their parents have little issue driving 25 minutes to their office in a more dense urban population center, if they don't already work for a major employer like banks with offices along St. Catharines' downtown core.
- Roughly 60% of St. Catharines' population has post-secondary education
- Social behavioural sciences and law, business and public administration, healthcare and engineering are the major subjects
- The highways and transit line provide major transportation networks through the major trade hubs of the GTA and the US Border, with quick access to Niagara Falls
- The extensive city bus network within the city limits also makes it feasible for its younger population, who occupy many of the retail jobs in the city
St. Catharines Transportation and Accessibility
The majority of St. Catharines' population travel to work in a car, and the majority take 15 minutes or less to travel to work, with only 20% of the total population needing more than 30 minutes to get to work. Public transportation in St. Catharines is set up to allow its population to travel the city without needing a car, with longer transit lines leading to Niagara falls, other cities like Thorold, and bringing students to and from Brock University. GO Bus lines run along the QEW to other cities such as Hamilton, Toronto, and lead down toward the US border.
The GO train network also connects from Toronto to Niagara. Thanks to these, St. Catharines benefits from very close proximity to Niagara falls, the US Border, and access to the Lakeshore West GO train line that connects it to all the major cities of the GTA and surrounding areas. Pre-construction Condos in St. Catharines are planned in high density urban spots of the city, surrounded by amenities like grocery stores and malls within walking distance, or short bus trips.
Questions About New Condos in St. Catharines
The typical down payment rate in the Greater Toronto Area is 20%, although this can vary based on the buyer's agreement with the builder. The 20% down payment will be given in several installments for the deposit. The first instalment of 5 percent is due in 30 days from the day you purchased, another 5 percent in 90 days, another 5 in 180 days, and the last 5 in 30 days before occupancy.
An interim occupancy period occurs between the time you move into your new condo unit and when you become the owner (final closing). Based on the progress of construction, the interim occupancy period can last from four to six months. Construction will still be ongoing in this timeframe, but units will be available for occupancy as soon as construction is complete. Even if a homeowner does not move in during the interim, they are still obligated to pay the interim occupancy fees. Besides taxes and condominium fees, the interim occupancy fee also includes monthly interest charges on the remaining purchase price. The final closing date will be communicated to you following the interim occupancy period. When the final closing takes place, the building has been registered, and ownership will be issued to the buyers.
Investing in a pre-construction condo has the advantages of design choices, upfront payments are not required, and condos can be a wise investment since their cost is by square feet. Pre-construction condos can be customized, with changes such as choosing the flooring. In a pre-construction condominium, you pay in incremental payments as the building is constructed. When the unit is built, the value of the condo unit may increase, allowing you to profit when you decide to sell it.