Real estate investing is the study of people and populations. Understanding the macro trends of what people want and where they are moving can provide a lot of value and insight to where the real estate markets might be heading. The results from the 2021 census are in. Thorold came in at number 8 on the top 10 list of the fastest growing municipalities in Canada with a 26.7% change from the 2016 to the 2021 census population. East Gwillimbury and the Blue Mountains were the top 2 at 44.4% and 33.7%, unsurprising as the trends from the last two years saw people rushing to cottage country away from city centres due to lock-downs and remote working environments.
Ottawa and Edmonton both were newly minted millionaires in terms of population, with 8.9% and 8.3% growth respectively to bring the total population of both cities just north of a million residents.
The Niagara Region saw on average higher than the national and provincial growth rates, as urban sprawl and population migration away from city centers became evident in the data. Below is a breakdown of population growth data for each municipality in Niagara from 2016 to 2021.
As you can see, the Niagara Region (except for St. Catharines) has had an average population increase larger than both the provincial and national average. With lower housing prices as compared to the GTA and positive growth forecasts, the region still looks to be a good place to invest! Combined with increased transit availability, industry and job growth, the work from home phenomenon, availability of cheap money, and historic housing shortages, we think that we will look back on 2022 in ten years and wish housing was as cheap as it is now. (Hard to believe, I know.)
For more information on what makes the Niagara region a great place to buy real estate and for a free market analysis on 2 markets within the Niagara region that we are currently investing in, please visit the home page and fill in the contact form at the bottom for your free report!
Have questions about your portfolio or want an outside opinion? Please select the button provided below, and I will schedule a free half-hour call with you to go over your situation! Talking to the right people can really save you money. I really believe that this is the time to expand your network and learn from those around you. I'll be in touch!
I'd love to hear your thoughts on this! Have a great week while working past those obstacles on your climb to success. Let's Grow Together!
Jonathan Beam
Real Estate Investor and Entrepreneur
Jonathan Beam is a real estate investor in the Niagara region who is passionate about helping you achieve financial freedom through real estate. He works with new and experienced investors to formulate a plan that fits your specific situation and provides market guidance and consultation on the best places and strategies to pursue within the Niagara Region. Book a free, half hour no obligation consultation to see how he can help you to achieve your goals. His travels are available at www.realestateandrepeat.com
For a free market analysis on 2 markets within the Niagara region that we are currently investing in, please visit the home page and fill in the contact form at the bottom for your free report!