Welland is a city in the region of Niagara in Southern Ontario. The city is located in the center of Niagara, within a half-hour drive to Niagara-on-the-Lake, Niagara Falls, Port Colborne, and St. Catharines. If you are searching for houses for sale in Welland, experts predict the area will heat up again.
Welland Housing Market Stays Hot in 2022
Welland is traditionally known as the place where rails and water meet, referring to the waterways of the Welland River and Canal and the railways from Buffalo to Toronto. This played a vital role in the city’s development.
Unlike the previous two months, where some local areas have firmly maintained their upward trajectory, every city in the Niagara region experienced a price drop in June. While inventory continues to rise, the local sales and prices continue to fall. In Welland, Niagara’s most affordable market at the moment, the prices have dropped by 7.2%, from $649.600 to $603.100.
But the housing market in Welland and Niagara region remains red-hot. Despite the past increases, Welland remains one of the most affordable areas in Niagara. Welland has been in the eyes of investors for a while because the city is on track to becoming Ontario’s next industrial real estate powerhouse. Due to an extensive supply of shovel-ready industrial land and favorable tax rates, Welland has turned out to be incredibly cost-competitive.
Why Should You Buy in Welland?
Real estate in Welland is accessible to every lifestyle and budget, consisting of an extensive range of home types and sizes. Welland has got you covered whether you’re looking for modern bungalows, executive-style single-family homes, townhouses, or condo units. You can also find new construction single-family homes on large lots with manicured landscaping, amenities, and upscale features. If you’re interested in older single-family homes, you can find them in established neighborhoods with space for children and pets.
Due to its excellent location, beautiful landscape, and close-knit community, Welland is a popular choice for starting and growing families. Buying real estate in Welland is a great investment for anyone. Professionals, families, retirees, investors, or first-time buyers can find what they need. Whether you want to step into home ownership, access maintenance-free living, set a new source of rental income, or put some TLC into your home, Welland has what it takes to call the beautiful city home.
Regarding housing prices, residential real estate costs in the city are low compared to the Niagara average and the rest of Southern Ontario. Generally, homes in Welland spend around 28 days on the market, while Niagara’s homes spend 35 days. Compared to Hamilton, where prices have reached record levels, Welland offers a low entry cost for real estate investors.
Welland – A City Full of Potential
Welland is in the middle of everything, allowing easy access to the border crossing to the United States across the Niagara River. Not to mention, the mild year-round climate makes the city perfect. Moreover, Welland is connected to ocean ports worldwide, including places like South America, Europe, Hong Kong, and the Pacific Rim.
Thanks to its thriving industries, diversified economy, and development landscape, the Canadian city has slowly become an opportunity for investors. The town seems tailor-made for entrepreneurs and developers. With low home prices, investors are encouraged to start with a residential investment portfolio to maximize return on commercial development projects. Regardless of what type of real estate investment you want to add to your portfolio, Welland is a growing city worth investing in.
