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Caledon, the second-largest Ontario municipality, is a profitable opportunity for real estate investors. This beautiful town with 688 square kilometres of land area is due for a substantial transformation in the upcoming time. The city, situated an hour-long drive from the city, calls for massive potential ready to be untapped by growth.
The investment charts of Caledon town speak all about futuristic expansion and high demand for pre-construction condos. This peaceful town enjoys competitive tax rates compared to other places, and due to this, more than 1,500 companies have established their footprints here. Leading organizations, including PepsiCo, Mars Canada, and Husky Injection Molding Systems, are already growing their businesses at Caledon.
Ranked among Canada's top 25 safest cities to live in by Maclean's magazine, this town is a living paradise for people who enjoy the bliss of nature and the regional vibes. This town offers an easy to access network of road infrastructure, which makes commuting smooth.
Caledon Property Growth
Caledon town is open to massive expansion and growth and its deeply rooted traditions and local culture. The regional development experienced a surge in 2015 when municipal building permits hit a 10-year high. With demographics blessed with an educated workforce and high-earning residents, this place is ready to embrace growth.
According to TREBB, the average selling price of all home types has increased 39.65% in the year 2020. Past ten years, the average resale appreciation rate has grown to 6.4%, which hints about substantial growth in the future.
Currently, the average rental rate in Caledon town is around $2,000, which is an addition to the appreciation rate of 3.9% for the past decade. The demand for new condos in Caledon is higher as the vacancy rate hovers around only 1.0%.
Caledon town, known for its spectacular landscape & topography, has a population of 84,000 as of 2020 is expected to reach 108,000 by 2031. With this constant growth, Caledon is the perfect town for investment in the GTA area.
This beautifully connected area has three central neighbourhood communities — Alton, Palgrave, and Caledon Village. It is among the significant developing urban communities, which also holds some of the oldest buildings from the 1800s. Bolton is a popular & most-populated neighbourhood to Caledon, which is located near the Humber River. With a population of around 30,000, Bolton's development work will also rise along with the central city.
This small town enjoys greenery and eye-soothing natural attractions. Residents can enjoy their weekends at several natural conservation areas. Some of the popular nearby attractions are Albion Hills Conservation Park, the Ken Whillans Resource Management Area, Belfountain Conservation Area, and Nashville Conservation Reserve.
Residents can access GO Transit transportation which operates on two bus routes, and commuters can reach Toronto City in only 90 minutes. With connectivity to Highway 27 and Highway 427, commuting to and from is quite convenient for individuals. As development at the city's outer boundaries is pacing up, this town will experience tremendous demand for under-construction condos.
It is the right opportunity for you to invest in the real estate of Caledon town. Take the benefit of a massive property rate appreciation in the future. Learn more about this town & profitable investment opportunities with Conquer Condo at 6478126544. You can also drop your query at [email protected], and our team will be happier to get in touch with you.