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Projects
Original guide information
The following guide was last updated 2024-06-17. Prices, statistics and availability in this historical text may have changed. Refer to the project pages or contact us for current information.
Why Buy Pre-Construction Townhomes in Grimsby?
Grimsby has strong economic zones on either side, with a fast growing population and developments both along its lakeshore real estate and its verdant greenspace inland.Grimsby is currently developing a large waterfront park with their Casablanca Waterfront Project, focusing on beautification and accessibility to the waterfront area. It hosts beaches, a beautiful waterfront district, and a variety of parks and trails, including leash-free dog parks. All take advantage of the large amount of water and green space the township has available. According to the RAHB, Grimsby remains one of the most popular towns for new townhome sales outside of major population centres like Hamilton & Burlington. Unlike other townships which experienced comparatively larger reductions in number of real estate sales, Grimsby's numbers have only moved slightly. Grimsby rests along the southern crest of the Golden Horseshoe economic region, with the QEW lending quick access to Niagara Falls, Hamilton and the GTA, and the USA border with Buffalo just beyond. It has the opportunity to thrive from its connection to major economic hubs. According to Statscan, it has experienced a strong population growth compared to the greater Niagara region. According to the Real Estate Investment Network (REIN), Grimsby was among the top ten towns and cities set to outperform the rest of the province. The report placed them as a strong candidate for long-term property investment.
Average Prices for New Townhomes in Grimsby
Grimsby has experienced notable price increases in real estate since 2019, and even between 2020-2021. According to the RAHB (Realtors Association of Hamilton-Burlington), the average prices for new and pre-construction townhomes in Grimsby in August 2021 is $659,700, a 29.5% increase since 2020. Additionally, real estate listings have lasted for fewer days on market than in 2021 by a large margin, and real estate sales have experienced little decline since 2020. Individual listings for Pre-construction Grimsby Townhomes can range from $699,000-$790,000. New townhomes continue to be developed along residential areas mixed with detached houses, all within a 5 minutes drive distance from the waterfront, like in Nelles Estates or along Livingston ave. Townhomes on the waterfront can range up to $1,299,000.
Employment in Grimsby
Nearly 70% of the population aged 25-64 have a post-secondary education, with business management and administration, and engineering being the most popular fields
Employment in Grimsby
The workforce boasts an employment rate higher than the Niagara average, with only 2/3rds of its unemployment rate
Employment in Grimsby
The median income for full-time workers is over $10,000 above the regional average at $63,571/yr
Employment in Grimsby
Household income averages at $93,145, with a much higher-than-average number of households at and above $100,000
