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Niagara

Niagara Real Estate: Recreational Buyers Active Amidst Rising Prices

  • 5/22/2021 12:00:00 AM
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Niagara real estate is a sellers’ market, experiencing strong buyer demand due to market factors coupled with desirable local amenities. Families are currently driving sales of recreational properties in the region, with many of these buyers coming from within the province, primarily from the GTA and Halton Region. Niagara real estate-recreational property report Buyers looking to purchase recreational properties in the Niagara real estate market are often searching for lower prices compared to city centres or looking for a secondary residence for recreational use. Even amidst rising prices, buyers have still been active in the market, especially as it pertains to waterfront properties, which often have larger lots and offer better value per square foot compared to other recreational markets within Ontario. Brisk sales of recreational properties across the Niagara region are anticipated to continue once the Canada-US border returns to its regular activity. Recreational property prices in the Niagara real estate market are expected increase +9% for waterfront properties, +7% for non-waterfront homes, and +11% for condos by the end of 2021

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