By: The Goldfellas

Moving Niagara Forward

Tags: REMAX Goldfellas, REMAX, Real Estate, niagara, niagara region

 

 

Back in 2016, the Ministry of Transportation announced a weekday GO rail service between the future Confederation GO Station in Hamilton and the Niagara Region beginning in 2021. This project includes not only extension of service but also track improvements, upgraded rail stations and a new layover facility in Niagara Falls.
 
Additional stations on Casablanca Boulevard in Grimsby will be added as well as upgraded stations in St. Catharines and Niagara Falls. A 2020 update provided by Metrolinx confirmed the plan includes 11 GO trains daily to and from Niagara.
 

 
These GO upgrades are part of the Transportation Master Plan, which is a comprehensive strategic planning document that defines policies, programs and infrastructure improvements required to address transportation and growth needs from now until 2041.
 
The plan outlines a vision for transportation in the Niagara Region and ensures that future transportation needs are addressed through: 
 

“Transit investments are helping to better connect people to school and jobs while strengthening our communities. This is further proof of our government’s commitment to provide accessible, modern transit infrastructure that is reducing commute times and improving the quality of life for Ontarians.” - Steven Del Duca, Minister of Transportation
Perhaps most exciting is the predicted impact that this improved transit will have on the housing market in the Niagara Region. Niagara housing prices are one of the fastest rising markets in Canada, and improved transportation will only serve to further this boom. Niagara has been home to many Toronto commuters for decades, and the option for transit will improve quality of life for commuters and will have a positive impact on the environmental impact of commuting.
 
Metrolinx estimates that Niagara’s current population of about 500,000 will more than double by 2041, which has developers scrambling to meet the growing housing demands from Grimsby all the way to Fort Erie.
 
As of 2019, the average home price in the Niagara region was just $395,500, with an 8% return on investment after one year - a far more affordable living option than even the neighbouring Hamilton/Burlington markets. These prices have jumped over 45% since 2015, which compared to the GTA which rose 25.3% is a significant burst. Much of this burst can be attributed to the popularity of new builds in the region, which grew by 56% from 2015, as compared to 19% in Ontario as a whole. 
 
Niagara Falls mayor Jim Diodati has gone so far as to call the GO service in Niagara an ‘umbilical cord into Toronto’s energy’. He suggests that the addition of a reliable transit option, paired with affordable housing will be an unbeatable combination. 
 
“Most people move here for the outstanding quality of life, whether it’s parks, trails, recreational areas, or our 130 wineries and 30 golf courses,” Diodati says. “We’ve even been contacted by the mayor of Niagara Falls, New York, who’s interested in seeing the GO Train come to town. I smell nothing but opportunities here for people looking to combine quality-of-life and affordable housing with job opportunities in the GTA.”
 
 
Thinking about making a change? Is affordable living, green space, and connectivity the right fit for you? 
 
We have you covered. We have connections to a number of development projects in the Niagara Region and we’re here to help. (See our Niagara Opportunities here). Reach out. Ask questions. Let’s find the right fit for you. Maybe we’ll share a glass of wine in the vineyards while showing you around all that the area has to offer.
 
 
Reach Out Today!
Email us at remaxgoldfellas@gmail.com
 
Zubin Abuwalla | Direct: 416-389-8019 
Mansoor Ahmed | Direct: 647-297-1721 
Karl Abuwalla | Direct: 647-883-0874 
 

 

 

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