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Milton, located 40 kilometres west of Toronto, is among the most profitable real-estate hubs of Canada. Being the fastest-developing municipality between 2001 & 2011, Milton Town is due for a disruptive development. This beautiful town is home to several institutions, museums, and municipal facilities that make it an ideal investment option for today.
Milton is becoming an attractive centre because of its centralized highway connectivity, rapid transportation, artistic locations and shopping hubs. With community engagement initiatives like "Principles of Growth" & "We Make Milton," this town looks forward to a golden revamp. Amid these initiatives and the intensification of the town's growth, the demand for new condos in Milton will surge drastically.
The condo market of Milton will seek great demand due to its blessed geographic location. With the town's location at the end of the Niagara escarpment, residents can embrace lush greenery and many eye-pleasing parks.
Demand for pre-construction condos in Milton is overgrowing, and the figures call for higher returns. According to TRREB, the average selling price of all home types has increased by 25.56%. Along with this, the prices of condo apartments and condo townhouses have surged by 8.32% and 21.93% respectively.
Another great reason to invest in the real estate of Milton is its healthy growth in property rent hike.The appreciation rate has also shown a growth streak of 3.7% for the past ten years. And, this is in addition to a rental appreciation rate of 3.3% for the past 10 years. With this consecutive growth, condos' demand is on the higher side as the vacancy rate is hovering at only 0.6%.
With a current population of 143,101, this city reflects vital signs of a higher employment rate and population growth in the upcoming time. The population will cross the mark of 228,000 by 2031, and this census growth will seek a demand-rise for condos. Being a part of the Trafalgar Secondary Plan, the town will bring 19,000 jobs (approx) in the next two decades.
Post-secondary campus by Wilfrid Laurier University at Milton Education Village Innovation Centre is among the most anticipated projects. The town is on the verge of becoming a better educational hub for students for better employment opportunities.
Milton Town sports has robust connectivity for residents across the neighbourhoods, which makes commuting quick. This town links with Highway 407, Highway 401 and Halton Road 25, which offer quick access to nearby places and Toronto downtown. Milton Town has its local transportation system that covers the complete town area.
Notably, Milton town hosts the Milton Line GO train's western terminus and the GO bus system, which makes the commute on-time. Residents can reach Union Station from Milton GO within 59 minutes.
Milton is blessed with an ample number of attractions to keep residents engaged in their favourite activities. Some of the popular attractions are Halton County Radial Railway Museum, Milton Sports Hall of Fame, Mattamy National Cycling Centre and many more. For celebrating art, Milton town greets its residents with the finest FirstOntario Arts Centre. All in all, the city has something for everyone that makes it a perfect investment option.
Invest in Milton Town real estate and get the best under construction condos deal with Conquer Condo. Get in touch with us at 6478126544 or drop us an email at [email protected] to know more.