Why Niagara? Niagara has 3 of the top 5 cities with the most affordable housing in Canada!

I was very happy to see Welland highlighted in the article "Want to buy a sweet house for under $200,000?", in The Globe and Mail newspaper this week (Special to the Globe by Shelly White. July 19, 2011). The article reviewed the Coldwell Banker Home Listing report that was recently published.

The report lists Welland as one of the five most affordable places to buy a four-bedroom, two-bathroom home in Canada with an average listing price of $196,321. Other cities in the Niagara Region that made the cut were Fort Erie and St. Catharines.

In the article, Dave Snively, a salesman whose work territory covers most of southern Ontario was interviewed. He could have bought his home anywhere but decided to buy property in Welland. He was able to purchase a century-old, four-bedroom detached house for about $160,000 in 2010.

As the father of one child and with another on the way, these kind of prices make sense to Mr. Snively and other young families. "It’s easier to save money when you spend less on a mortgage...I can pre-pay my mortgage an extra 20 per cent a month with my property taxes in and I’m still under $800 per month," he explained. "There’s virtually no concern at all about meeting the mortgage payments. We could have afforded more but it’s nice to not have to worry about it."

He is "optimistic that Welland is trying hard to attract new people, including a project beginning next month to widen Highway 406 to four lanes."

Welcome to Welland! It’s definitely the place to buy a great home. See Article
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