Niagara Falls is located in Southern Ontario. It is a vibrant city just one and a half hours from Toronto and 45 minutes from the United States. According to the Ministry of Finance, ‘The population of Central Ontario is projected to grow by 722,000 or 24.8 per cent, from 2.91 million in 2012 to 3.63 million in 2036.’
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NIAGARA PROPERTY STATISTICS
These statistics are gathered on a monthly basis to provide an overview of the current Niagara Housing market. For more information, please contact a REALTOR®
The Niagara Association of REALTORS® (NAR) reported 729 property sales processed through the NAR Multiple Listing Service (MLS®) system in April. This represents a 16.3% increase in sales over April of last year. The residential average sale price of $278, 689 was 11.4% higher than last April. The average days on market decreased from 60 to 50 in the residential freehold market, and decreased from 84 to 76 in the condominium market.
Please refer to the accompanying chart for residential market activity in select areas in NAR’s jurisdiction. The Niagara Association of REALTORS® (NAR) was established in 2002 after an amalgamation of three area boards including the St. Catharines District Real Estate Board, the Niagara Falls-Fort Erie Real Estate Board and the Welland District Real Estate Board. NAR represents more than 965 real estate brokers and sales representatives in Niagara. Members of the association use the REALTOR® trademark, which identifies them as real estate professionals who subscribe to a strict code of ethics. The association operates the local MLS® in partnership with surrounding local associations in Southern Ontario. In addition, NAR supports several local, shelterbased organizations including Habitat for Humanity Niagara.
Advertisements of local MLS® property listings and information about the services provided by a REALTOR® can be found at www.REALTOR.ca. More information about NAR is available at www.NiagaraRealtor.ca.