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Halton Hills New Condos for Sale
Why Should You Invest In Halton Hills Real Estate?
The Town of Halton Hills is a perfect location for real estate investment. For starters, MoneySense recently ranked Halton Hills as the 10th best place to live in Canada in 2018.
The overall Halton region is growing at a rapid rate. Industrial lands in Milton and other neighbouring municipalities are being quickly developed, which is creating a lot of pent up demand for development in Halton Hills as the next best place for investment and long-term growth.
Supporting this growth, of course, is strong residential demand for housing within Halton Hills, which is seeing strong year-over-year appreciation of property values. Upcoming residential construction in this municipality will create a push for more business development to serve a growing population.
Halton Hills has the competitive advantage for business and new investment, especially because of how close it is to air, rail, freight, shipping, highways, and commuter rail.
The top five sectors for employment in this town are retail trade (4,792 jobs), manufacturing (3,914 jobs), accommodation and food services (1,591 jobs), educational services (1,539 jobs), and transportation and warehousing (1,119 jobs).
You also can’t forget the strategic location of Halton Hills, which is located in the north west corner of the GTA. And, as everyone knows, the GTA is the fastest growing and fourth largest metropolitan area in North America.
This town is in a position that allows it to benefit from the GTA market’s strength as one of the world’s biggest economic regions. Therefore, investing in Halton Hills real estate is a smart choice when you look at the larger picture of growth coming to this municipality over the next few decades.
With a 2016 Census population of over 61,160, Halton Hills has grown by 3.6% since the preceding 2011 census. In fact, the population estimate for Halton Hills is expected to grow to over 94,000 people and 43,000 jobs by 2031.
And according to Halton Region’s 2017 Business Conditions Survey, over 500 business owners and executives said that their future outlook for investment within Halton was positive. Approximately 36% of business executives plan on investing in future growth and 86% projected higher profits for their businesses, while 31% also planned on hiring more workers. Anyone looking at this data can easily see why investing in the Halton region, and especially Halton Hills, is a smart choice.
There are currently over 1,400 companies that call Halton Hills home. Jobs in the area accounts for over 10% of Halton Region’s available employment. This actually gives Halton Hills a competitive advantage because it means that this location still has room for future development and more opportunities for expansion and growth.
Average Price of Condos in Halton Hills
In 2019, the average price of a pre-construction condo in Halton Hills was $436,000. New listings for 2019 have maintained a price per-square-foot of $600, while the 5-year average annual appreciation rate for new condos is 6% for the area. Overall, new condo prices in Halton Hills have seen a 30 per cent increase over the past 5 years.
The average condo rental rate in Halton Hills is currently sitting at $2,075, while the 10-year average rental appreciation rate is approximately 3.3%.
Meanwhile, the average resale price of a condo in Halton Hills was $445,000 for 2019. Also, the 10-year average resale condo appreciation rate is 7%.
Town of Halton Hills
The Town of Halton Hills offers beautiful landscapes and urban amenities. It is a place where you can find an unmatched quality of life.
What’s nice about Halton Hills is its year-round events, festivals, music venues and heritage attractions that meet the needs of a diverse community.
The area is filled with natural environments with opportunities for cycling, hiking through the beauty of the Niagara Escarpment, as well as a variety of outdoor sports and entertainment activities.
This is a town of rolling hills, unique boutique shops, and shopping and dining locations that are suitable for all ages.
In fact, the average age here is 39 years, which makes it suitable for young couples and families looking to grow and build a life for themselves.
Halton Hills actually has the second lowest average age in all of Halton Region where 57 per cent of the population is married with an average of 3.1 people per household. It is also a place where 60% of the workforce has a post-secondary education.
This municipality is also forward-thinking. It is committed to being a leader in sustainability initiatives through the Acton Branch Library and the Halton Hills Library and Cultural Centre. These two facilities are both classified as LEED certified because of their ability to create a green atmosphere and incorporating a lot of sustainable technologies in their buildings.
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Accessibility / Getting Around
While Halton Hills does not have a robust local transit bus service system in place, there are efforts to boost transportation options and routes in this municipality. Halton Hills will be getting an updated public transit system in the future that will meet the needs of its growing population.
Currently, Halton Hills has two Go Trains - one in Acton and the other in Georgetown. There is also a proposed two-way all-day GO Train service plan coming to Halton Hills, which will allow residents to get to where they want to go faster and more frequently.
For residents who enjoy traveling by car, Halton Hills will provide easy access Highways 407 and 401. This municipality is also part of the Greater Toronto Area and is only 30 minutes away from Toronto Pearson International Airport.
It is also important to mention the proposed new GTA West Corridor highway, also known as Highway 413, which will create a new multi-modal transportation route that runs from Highway 407 near Milton, through Halton Hills, and all the way to Highway 400 in Vaughan near Kleinburg. This highway expansion seeks to address future transportation demands due to population and job growth across various Urban Growth Centres by 2031.
As a whole, Halton Hills has a lot to offer new and experienced investors - be a part of the growth that is coming to this sought after destination within the GTA.
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Questions & Answers
What is the median household income in Halton Hills? And what types of jobs are most popular?
According to the 2016 Census, the median household income in Halton Hills is $106,349. The town’s most popular jobs are in the retail trade (14.9%), manufacturing (14.3%), and education services (9.5%) sectors.
Is Halton Hills Safe? Is it a good place to live?
Residents and investors will be very pleased to know that Halton Hills is considered to be one of the safest municipalities in Canada. According to Statistics Canada, this region has one of the lowest crime rates and crime severity indexes when compared with other major regions and municipalities. Also, Halton Hills was ranked by MoneySense in 2018 as the 10th best place to live in Canada. Overall, putting these two pieces of data together make Halton Hills both a safe and good place to live.
Should I invest in Halton Hills?
The short answer is YES! Halton Hills has a lot of growth coming in terms of population (94,000) and jobs (43,000) by 2031. This small town is attracting a lot of attention for two reasons. The first is its proximity to the GTA and big city services, and the second is the fact that Halton Hills has a lot of land for future development when compared to other municipalities within the region. It is also a municipality that is going to see a lot of business development and transportation routes opening up and making it more inviting and accessible for residents, visitors and investors alike.
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