Real Estate

Housing costs for employees in Niagara are very affordable compared to other locations within southern Ontario and the GTA market.
 

Niagara Real Estate Listings - www.mls-niagara.com

A detached, three-bedroom single storey home with 1 1/2 bathrooms and a one-car garage. It has a full basement but no recreation room, fireplace or appliances. Using outside dimensions (excluding garage), the total area of the house is 111 sq. metres, (1,200 sq. ft.) and it is situated on a full-serviced, 511 sq. metre (5,500 sq. ft.) lot. Depending on the area, the construction style may be brick, wood, siding or stucco.
 

-  $155,000 to $170,000

 

A detached two-storey, four-bedroom home with 2 1/2 bathrooms, a main floor family room, one fireplace, and an attached two-car garage. There is a full basement but no recreation room or appliances. Using the exterior dimensions (excluding garage), the total area of the house is 186 sq. metres (2,000 sq. ft.), and it is situated on a full-serviced, 604 sq. metre (6,500 sq. ft.) lot. Depending on the area, the construction style may be brick, wood, aluminum siding, stucco or a combination like brick and siding.
 

- $230,000 to $251,000

 

A three-bedroom, two-storey home with a detached garage. It has a full basement but no recreation room. Using outside dimensions, the total area of the house is 139 sq. metres (1,500 sq. ft.) and it is situated on a full-serviced, city-sized lot of approximately 325 sq. metres (3,500 sq. ft.). The house may be detached or semidetached and construction style may be brick, wood, siding or stucco.
 

- $154,000 to $161,000

 

Standard Townhouse

Either condominium or freehold, the townhouse (roughhouse) has three bedrooms, a living room and dining room (possibly combined) and a kitchen. Also included are 1 1/2 bathrooms, standard broadloom, a one-car garage, a full unfinished basement and two appliances. Total inside area is 92 sq. metres (1,000 sq. ft.). Depending on the area, the construction may be brick, wood, siding or stucco.
 

- $99,000 to $131,000

 

A two-storey, four- or five-bedroom home with three bathrooms, main floor family room plus atrium or library. Two fireplaces, a full unfinished basement and an attached two-car garage. The house is 279 sq. metres (3,000 sq. ft.) and is situated on a fully-serviced 627 sq. metre (6,750 sq. ft.) lot. Construction may be brick, stucco, siding or any combination.
 

- $325,000 to $355,000

 

Source: Royal LePage Survey of Canadian House Prices
 

 

The following statistics published by the Niagara Association of Realtors shows the number of residential units sold per month and per year in 2010, compared to 2009. Most prices for residential units fall in the range of $260,000 to $349,999 and anywhere from $120,000 to $199,999.
 

	2010		2009
Price Range	Month	Year	Month	Year
Under 30,000	4	36	1	18
30,000 - 39,999	4	22	0	25
40,000 - 49,999	2	35	1	23
50,000 - 59,999	2	40	1	34
60,000 - 69,999	2	52	7	49
70,000 - 79,999	3	73	3	65
80,000 - 89,999	10	125	10	124
90,000 - 99,999	11	135	11	120
100,000 - 119,999	19	399	21	366
120,000 - 139,999	30	557	38	605
140,000 - 159,999	34	679	42	691
160,000 - 179,999	31	666	39	707
180,000 - 199,999	39	594	23	568
200,000 - 219,999	20	478	29	518
220,000 - 239,999	24	477	29	474
240,000 - 259,999	14	390	15	335
260,000 - 349,999	43	946	62	867
350,000 - 399,999	17	241	16	220
400,000 - 499,999	9	187	12	158
500,000 - 749,999	12	157	7	99
750,000 - 999,999	1	41	2	30
1,000,000 +	3	29	0	19

The following statistics show the number of Listings, Sales, Ratio and Average Sale Price of residential units in each of Niagara’s 12 municipalities in 2010, for both December and throughout the year. Note that the Average Sales Year To Date (YTD) in 2010 was $225,213. Niagara Association of Realtors publishes this information annually and releases it in January for the previous year.
 

	Listings		Sales		Ratio		Average Sales Price
Area	Month	YTD	Month	YTD	Month	YTD	Month	12 Month
Niagara-on-the-Lake	32	624	9	226	28%	50%	$723,833	$456,826
Niagara Falls	90	2033	59	1069	66%	53%	$219,775	$212,307
Fort Erie	65	1185	26	476	40%	40%	$176,185	$187,567
St. Catharines	91	2982	81	1584	89%	55%	$200,153	$215,291
Thorold	19	518	16	281	84%	54%	$231,263	$201,312
Pelham	10	398	19	210	190%	53%	$318,237	$324,843
Welland	42	1324	27	727	64%	55%	$153,481	$176,994
Port Colborne/Wainfleet	20	625	13	303	65%	48%	$223,346	$183,832
Lincoln/West Lincoln	16	485	16	268	100%	55%	$271,625	$286,117
Out of Board Area	8	387	4	118	50%	30%	$291,125	$328,205
Total	393	10561	270	5262	69%	50%	$231,774	$225,213

 

Average Sales YTD: $225,213
Month: December 2010
YTD: January 2010 - December 2010
12 Month: January 2010 - December 2010

Source: Niagara Association of Realtors, 2010