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New Condos Bradford
Why Should You Invest In Bradford Real Estate?
Bradford West Gwillimbury is one of the fastest-growing towns located in Simcoe County. It is a beautiful region consisting of urban and rural opportunities and is located just one hour from Toronto. This area is rich in natural and family-oriented amenities including top-rated schools and year-round community events that you’ll surely want to be a part of.
The town has seen substantial growth over the last few years, seeing a population increase of 3.93% per year from 2001 to 2016. From 2011 to 2016 the population grew by 7,248 people, an average growth rate of 5.16% per year.
Currently, Bradford has a population of 37,358 people, with the largest population group being between the ages of 30 and 34. This is indicative of how popular this growing region is for couples looking to settle down and raise families.
Investors and home buyers looking to score a property in Bradford should consider that the town’s median household income is $93,254 and a majority are above the national median income. It is also important to note that real estate prices are 32% lower than the provincial average.
The town of Bradford West Gwillimbury has increasingly become a habitable place with a growing economy. It has a diverse collection of industries that includes construction, business services, knowledge industries, manufacturing, and retail.
Average Condo Price for Bradford
The average price per square foot for all pre-contruction home types is $620. And the average pre-construction appreciation rate for the past 10 years has been 6.8%.
The average resale price for all home types, including condos, in the Town of Bradford is presently around $828,000. The average resale appreciation rate for the past 10 years has been 9.8%.
The average rental rate for the Town of Bradford is presently $2,200, with an appreciation rate of 5.6% for the past 10 years. The demand for condos is still strong here as the vacancy rate currently sits at 2.3%.
Town of Bradford
This town dates back to 1873 when it was just a small village with a mere 2000 inhabitants. Since then it has grown into a dynamic and desirable place to live and work. This region has seen growth in infrastructure employment, population and we can expect to see pre-construction condos and townhome developments proposed in the near future.
In the area residents have access to many natural and green spaces including the scenic Welsh Tract- Forest of the secret Pond Trail, Scanlon Creek Conservation Area and Lions Park. There are also several golf clubs and recreation centres including the Bradford Highlands Golf Club, Bond Head Golf Club, Bob Fallis Sports Centre, The Bradford and District Community Centre and so many other places to engage in an active lifestyle.
This region is home to a close-knit community, and it is evident through the many community events hosted by the Town. In the spring season, they host the Town’s Community Garden Project- an opportunity to teach children about plants and nature, as well as the Marathon Canoe, Marsh Mash Canoe and Kayak Race.
Summer is filled with events such as the Music in the Park event, as well as family-fun Outdoor Movies and the highly-recognized Carrot Fest.
The Fall months are filled with Halloween-related events and activities including the annual Autumn Fest and Pumpkin Fest.
Last but not least, is the winter and Christmas Season which hosts the Santa Claus Parade and a new New Year’s Eve event called Family First Night.
There is always something to do in this picturesque little town, blossoming with ideas and opportunities. Residents from all walks of life will be comfortable and happy living in a convenient and safe community like this one. Plus it has the advantage of being far enough from the hustle and bustle of the big city that you get to enjoy the small-town ambience, yet conveniently close to big city amenities if needed.
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Accessibility / Getting Around
Bradford is centrally located close to excellent highways and serviced by excellent transit systems. Due to the integrated highway system that surrounds the area, the preferred method of transportation is by car.
Commuters can easily connect to surrounding metropolitan areas via Highway 400 and the 404. Plus, the former Highway 11, (now, County Road 4) and County Road 88 also run through the town’s downtown core as an arterial road connecting residents to the aforementioned highways and to the GTAH.
Those who prefer public transit, need not fret, as Bradford’s transit system BWG Transit provides two major bus routes. Additionally, the local bus routes connect with GO transit routes including the Bradford GO Station which connects with Barrie and Newmarket.
Bradford is bordered by major cities such as Newmarket which can be reached in 16 minutes, Barrie in 30 and Kleinburg in 30. The region also has easy access to other cities such as Richmond Hill, Vaughan and Markham, and Toronto is just 60 kilometres away.
The GO rail has big changes coming for Simcoe County making commuting around the area more convenient. They will be providing all-day service between Barrie and Bradford and Newmarket and York University. These changes also include three new GO Stations for the Barrie line – one at Kirby Road in Vaughan, another at Mulock in Newmarket, and a third at Innisfil in Simcoe County.
As the town continues to develop into a desirable destination for homebuyers we can expect better transit and more homes to continue expanding in the area.
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Questions & Answers
Are there school options available for diverse families?
There are over 15 schools found in the area consisting of Catholic, Public, elementary and high schools.
Is Bradford an affordable place to live?
According to Statistics Canada 2019, Bradford West Gwillimbury’s cost of living is 8% lower than the Ontario average and the real estate prices are 32% lower than the provincial average and rental prices are equal to the provincial average.
What shopping amenities are found nearby?
Residents can find the SmartCentres Bradford and Holland Street Square with many trendy shopping choices. Additionally, Upper Canada Mall can be located in as little as 20 minutes.