While other
municipalities across Southwestern Ontario and the Midwestern U.S. fell
into a state of despair and disrepair in the wake of tough times for the
manufacturing industry, Brantford has diversified its economy and
thrived. Its low unemployment rate and affordable yet steadily rising
housing prices pushed the city to the top spot in our annual ranking of
the best places to buy property in Canada’s major urban centres.
Manufacturing home to Nutella, Tic Tacs, and Ferrero
Rocher chocolates, the Brantford economy and job security is set for years to come. Brantford’s downtown
has also experienced a significant boost from Conestoga College and
Wilfrid Laurier University, which have campuses in the city. Brantford’s affordability and strong economy make it attractive to buyers in the Greater Toronto Area.
Brantford may not
have seen the skyrocketing property values of Vancouver or Toronto in
recent years, with the average new detached home selling for just over
half a million dollars in 2017. But someone who bought that house in
Brantford in 2007 would have generated an annual rate of return of 8.5
per cent over 10 years, better than the 7.1 per cent generated by the
average single family home in the Greater Toronto Area over the same
period. To see the other cities that made the list, check out the article by Money Sense.
If you are ready to get into the Brantford real estate market, a real estate agent is your best asset. Contact me today to start the process!
Wally Dufrat
Re/Max Twin City Realty, Inc.
Phone: 519-752-5400
515 Park Road North
Brantford, Ontario N3R 7K8
