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
