Almost a year on from the mass worldwide outbreaks of COVID-19, we are still feeling the ripple effects of the virus in our local real estate markets.
As trends continue to reflect Ontario residents’ desire to move out of Toronto, Ottawa, and other larger cities, the statistics are even showing that younger Canadians are on the move out of busy downtown cores — and it’s not just to socially distance.
Ontario residents are finally starting to discover the beautiful natural landscapes and thoroughly enjoyable lifestyles Toronto’s surrounding communities have to offer. While there are plenty of appealing communities to choose from, our insider insight tells us the “one to watch” is definitely Waterdown’s real estate market.
Find out why we’re excited about Waterdown real estate — and why you should be too — in our post below.
The Location
Just an hour’s drive away from downtown Toronto, Waterdown is by no means far away from the big city. Easily accessible by heading west along the Queen Elizabeth Way highway, Waterdown is conveniently nestled between the neighbouring cities of Burlington and Hamilton. Everything you could ever need is either already in Waterdown or is a short drive away.
Additionally, lakeside views and entertainment are just a short drive away for residents of Waterdown. On a good day, a drive to the closeby public green spaces on the shoreline of Lake Ontario (including the spectacular Royal Botanical Gardens) is less than a 10-minute drive away.
The Prices
With the average price per square foot of homes in Toronto sitting at a staggering $1,083 in 2020, it’s no wonder trying to progress or even enter their local housing market is a mind-boggling challenge.
With the Waterdown real estate market still at a very palatable entry point, younger Canadians are looking to take advantage of the lower prices on homes. Even more established homeowners find that the space and quality of Waterdown homes are hard to ignore.
The Community
Like most small towns across Ontario, Waterdown’s residents are generally very friendly and peaceful. They enjoy the quiet life that living in a smaller neighbourhood like Waterdown provides, while still finding time to get outside and enjoy themselves.
With lots of family-friendly attractions like the Great Falls, the Waterdown Memorial Park, the Waterdown Farmers’ Market, and the Waterdown Tea House, there truly is something for everyone to enjoy in Waterdown. In fact, we already have a guide on how to spend the perfect day in Waterdown for when the lockdown limitations are lifted.
The Potential
One of the best parts about the Waterdown real estate market is its potential. As word about Waterdown gets out and interest in this community grows, we are starting to see Waterdown rapidly expand. However, we still believe the Waterdown real estate market will continue to develop into the coming years as trends still reflect the desire of Toronto residents to leave the city.
We strongly believe the best is yet to come for the community of Waterdown, and it’s easy to see why.
