Condominium Market Outlook for St. Catharines, Ontario in 2020
St. Catharines is a part of Niagara. There are total of 20 new developments in St. Catharines out of which 8 are condo developments with 88 units which are currently under construction. Median list price is $901,450 for condos in St. Catharines. All the developments are mix of high-rise, low-rise planned, under construction and recently completed. The sellers’ market is hot in this region.
Real estate market of St. Catharines:
It was estimated that the prices for year 2020 will not rise for the residences but the situation is totally opposite. The prices for the homes are increasing making the real estate market of the Niagara hot. The factors that are responsible for the increase in the prices is the development of GO Train and growth of GTA influence more buyer to purchase properties here because of its easy accessibility and affordability. Despite of the affordability and accessibility, it is fabulous place to live in.
The increase in price is due to increased demand for homes and low amount of inventory. The constant increase of the prices making difficult for the young buyers and first-time buyers to buy a property. It will be very difficult for university going students to save money to buy a home in this region so there is need of building more and more homes to maintain the cost of the homes.
Condos in St. Catharines:
Here are some condos listed for you with their price, area and location. 77 Yates at 77 Yates Street by Sapphire Construction of Niagara, this is new condo development currently under construction with 37 units and 1.5 – 2.5 bedrooms. Prices for st catharines condos for sale start from $440,000 to $1,300,000. The sizes range from 1282 – 2674 square feet. Beard Place at 19 Beard Place by Go-To Developments, currently in preconstruction with total 48 units.
Glendale Avenue at Oliver Lane by Go-To Developments, new condo development currently in preconstruction with total of 264 units and size start from 816 square feet. Royal Port at 57 Lakeport Road by Rankin Construction, new condo development currently under construction and estimated to be completed in 2020. Royal port has total units 51 (1-3 bedrooms) with size start from 1091 to 1384 square feet. The sales range from $828,000 to over $933,000.
The Harbour Club Limited at 63 Lakeport Road by Port Dalhousie Harbour Club Limited, new development currently in preconstruction and is scheduled for completion in 2022. It has total 124 units with 1 to 3 bedrooms, their sale starts from $371,990 to $1,992,990. The size ranges from 667 to 2482 square feet.
Union Waterfront at 12 lock Street by Fortress Real Developments, a new condo development currently in preconstruction. There are total170 units with the price starts from $300,000. The size starts from 550 to 1000 square feet. Arbour Vale is a new development consisting of condos, townhouses and single family houses by Pinewood Niagara Builders. The development is recently completed and the units are open for sale at St. Catharines. The sale of the homes starts from $550,888 to over $1,400,000. The size ranges from 1134 to 2676 square feet.
