Simon Hopes

When you’re looking to buy a new home, the value of your investment will be something right at the top of your list of requirements. This means not only while you’re living there, but also when it comes time to sell. If you’re looking for a home in southern Ontario then your search for the ideal city may have just ended. According to a MoneySense ranking, Brantford, Ontario – also known as the telephone city is the best place to invest your money in real estate in the whole province.

Brantford is called the “Telephone City” because famous inventor Alexander Graham Bell lived there as he invented – you guessed it – the telephone. Brantford is also the birthplace of hockey legend Wayne Gretzky and features roads and a hockey arena named after the great player. One more tidbit for you, famous painter Lawren Harris was also born and raised in Brantford. He went on to become a famous painter in the Group Of Seven.

Now Brantford has grown to a city of approximately 100,000 people and features a very attractive housing market that benefits from a growing local economy, low levels of unemployment and draws strength from being included in the region known as the Golden horseshoe. The manufacturing industry hasn’t been doing so well in southern Canada lately but Brantford ahs managed to steer clear of these issues by diversify its economy.

The long-standing mayor of Brantford has witnessed his city undergo a transformation since he began his run in office back in 1994. Last year, the average detached home in Brantford sold for over $500,000 dollars, which is right in line with what GTA homeowners look for in investment markets. Real estate agents such as those from The Munir Group have been busy accommodating out of town buyers and keeping the housing sales ticking over.

Real estate transaction momentum, the value of nearby real estate (other cities or districts) and the health of the local Brantford economy are huge driving factors for making Brantford the top place to buy property in Ontario. Factors that also contribute include rental pricing and the opinions of real estate experts.

Other notable Canadian cities to buy real estate in include Bowmanville & Clarington (near Toronto, ON), uptown Vancouver, New Westminster Vancouver, Lavel Ouest in Montreal and Kingsland in Calgary. Also on the list were North Glengarry in Ottawa, St. Albert in Edmonton, Norwood Flats in Winnipeg and Crown Point East in Hamilton (which isn’t that far from Brantford itself.

It’s no secret that putting together the money for an investment as large as buying a property or home is never easy. That’s why it is essential that you pay extra attention and buy in a location that has a large upside for resale value. This way, not only will you enjoy living in a fabulous community, but you’ll also be saving for the future. So when it comes time to make a retail purchase, check out Brantford and southern Ontario first, for your next future dream home.