Canadian Condo Market Poised for Growth
Chatham-Kent is the Ideal location
Flagged as a viable option for first-time home buyers, wary of the rising price of a single-family home and a solution for retirees alike, the condo market is poised for growth. Condominiums offer a passage to home ownership for those who are interested in the prospects of ownership but are restrained by high property prices, or for those whose lifestyles do not allow for the maintenance- financial and physical- of single-family home ownership
Some Canadian markets have seen a surge in the condo market, indentifying lifestyle, investment opportunity, urban renewal, and attractive pricing as the driving force behind it.
Condo markets are also being touted as a solution to urban sprawl and are also being sold across a variety of demographics, on opposing ends of the buying spectrum, as offering a similar solution to varying needs, including downsizing, empty nesters, those looking for a retirement property and nervous first –time property owners.
Condo ownership in urban developments is also being cleverly marketed as a lifestyle choice; appealing as an essential part of a funky, hip, urban lifestyle- as a convenient location to place roots down near hip restaurants and shops.
Recognizing the shift in demographic want, urban development companies have shifted their marketing focus.The (condo) lifestyle appeals to the younger Y Generation as the definition of home ownership changes. The dream of the small little cottage with a white picket fence is being replaced by the convenient townhouse, condominium or loft in proximity to shops, restaurants and entertainment”
Condos are also a very attractive investment option, because of the rental opportunities they offer. With the anticipated growth in the condo market in the coming years, based on need and demographic requirements, investors make up a significant number of condo purchaser and these investors are not limited to Canadians. The investment market is attractive to those overseas, with long term investors from Asia and the Middle East holding the bulk of the investment properties. The intention is that they will hold these properties until prices are driven up by this hot condo market, until they are able to sell for the price they want.
Chatham-Kent and the new developments planned for the Downtown area are just what people are looking for. The new Boardwalk Condominium Development along the Thames River in Historic Downtown Chatham or the future condos planned for the former YMCA also along the Thames River on King St. Close to Downtown. Chatham-kent is on the move.Discover this Hidden Gem! Call me, Wayne Liddy 519-436-4810 Royal LePage Peifer Realty Inc. Brokerage and let me show you my Chatham-Kent. Visit my website for Chatham-Kent Events, Attractions and choice properties for sale in this Affordable Lifestyle Location. The perfect choice to retire, relocate, live, work, vacation or raise a family. My Motto for Chatham-Kent is ' IT IS ALL HERE ALL YEAR!' CALL ME TODAY!