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Burlington city, which is the synonym for natural bliss & peace portrays a perfect picture of growth and investment opportunities in 2021. This beautiful city is located on Lake Ontario's waterfront and it welcomes everyone to cherish the simplicity and rich culture. Part of Halton's Regional Municipality, Burlington has several eye-pleasing surprises that are enough to win anybody's heart.
From an investment perspective, this city thrives over several growth occasions. With a forefront of diverse economic growth, Burlington is backed with growing employment opportunities. This city is connected to several business hubs through arterial highways and public transit.
The most notable reason why anyone should invest in Burlington is its property vacancy rate. It has a property vacancy rate of only 1.1%, which is lower than other areas of the Halton Region and City of Hamilton. Another major reason why this place will surge in price is the essential Places to Grow Act. With the vision of Urban Growth Centres development across the region, Burlington is today's hottest investment spot.
According to Jan 2021 report published by TREB, the average selling price of Condo Townhouse is $699,615 and $523,361 for Condo Apartment.
Burlington condos have seen a 10% growth in prices in 2020 over 2019 with a 16% increase in the number of units sold.
The average rental rate in Burlington is currently $2,100, which has gone through an appreciation of 4.83% for the past decade. With the growing demand for condos here, Burlington continues to be one of the most sought-after locations in GTA for our investors.
The population totalled in 2016 was 183,314, and it's a 4.3% growth from the previous census of 2011. It's predicted that the population will grow in the upcoming time, which will surge the real estate prices. Burlington city will seek more demand for new condo projects.
According to the City of Burlington report, the city has witnessed a growth of 5.4% in new jobs opportunities in the last 5 years. Also, there is an overall increase of 391 businesses (2.9%) in the total number of businesses (13,650) identified in the time frame of 2015 to 2019.
With an average income of $93,588, Burlingtonians earn more income than the average GTA citizen. As the city is located in the Greater Golden Horseshoe geographical hub, it becomes a perfect investment for work opportunities. With more electronics, food, and packaging industries coming to the city, it's an ideal investment spot.
This city hosts beautiful red-bricked buildings that reflect the praiseworthy heritage of the city. Along with peaceful Lake Ontario, the routes of this place also reach attractive Village Square. It is the intoxicated places you can find to spend your spare time and soak in positive vibes.
Along with them, you can visit the popular Spencer Smith Park and be a part of exciting local community festivals and events. Local delicacies restaurants, shops, and spas welcome you to spend quality time with your loved ones and cherish the beautiful life at Burlington. This city also features the Brant Street Pier, and it goes out 137 meters onto the water extending from the roadway.
Residents can enjoy the peaceful water view of Lake Ontario from their condos after spending a power-packed day at work. With the right match of scenic views and modern growth planning, this city reflects a perfect contemporary lifestyle.
Lakeshore Road and Brant Street are the most convenient options for the local commute in the city. Along with this, Queen Elizabeth Way is a major highway for traveling across the Greater Golden Horseshoe. Residents also have direct access to Gardiner Expressway and GO Transit to travel across the areas.
This city is the right place for working professionals and business individuals as it offers faster connectivity to major employment centres. With the facility of Burlington's bus services, you can reach any local nearby easily.
Explore more about investing and buying opportunities in Burlington with Conquer Condo. Call us at 6478126544 or mail at [email protected] to know more.