Developers and planners say current uptick is just the beginning as the commuter link to the GTA starts to pay dividends.
In addition to large retirement and affordable-housing projects, there are several upscale condo projects - the six-storey, 37-suite 77 Yates is set in Twelve Mile Creek valley, while the Harbour Club and Royal Port are bringing new life to the city’s Port Dalhousie waterfront. There’s also the quality of life, with parks, trails, recreational areas, wineries and golf courses.
Title: Go Train fuels Niagara housing boom.
Date: July 4, 2019
Link: Read on The National Post Website
WHAT THE ARTICLE HIGHLIGHTS ABOUT ST. CATHARINES ECONOMIC DEVELOPMENT
With Metrolinx estimating that Niagara’s population of about 500,000 will more than double by 2041, house prices in Niagara jumped 47.13 per cent over the last three years and are rising faster than anywhere else in Canada, the Canadian Real Estate Association reports. New homes account for much of this growth, with the Niagara Region Planning and Economic Development Committee reporting that investment in building construction grew by 56 per cent from 2015 to 2018, compared to 19 per cent for Ontario as a whole.