-- The newly announced property, minutes from Lake Ontario, offers a rare and versatile real estate opportunity. Located on the mountain of Stoney Creek a highly sought location for prestigious properties in Hamilton Ontario 56 acres of serviced land is available for sale.
More details can be found at https://alliaakkad.exprealty.com/ask/9ce7ad92ca8c5d568777cf9e29423b36
Available through Allia Estates, the lot is private and quiet, surrounded by scenic homes, wineries, farms and equestrian properties. The offering is made in the context of Canada’s current housing crisis, where land is running out to build more homes while property prices are rising.
According to a new study, Ontario needs to build one million homes over the next ten years to keep up with population growth. Based on the recent and projected rise in population, analysts estimate that the province will need accelerated construction to house the more than 900,000 new families expected to settle in the next ten years.
Typically, each year, around 70,000 housing units are built in Ontario – this includes condominiums, rentals and subsidized units, as well as detached houses. To meet the expected market demand, the province will need to build 100,000 new homes each year for the next ten years – something that has never been done before.
According to the research data, demand is particularly high for family-friendly homes. With a growing number of young couples ready to settle down and start a family, the most suitable solution is to build up existing neighbourhoods. By increasing the number of existing housing units along transit lines, Ontario can offer its residents more affordable housing solutions.
Consequently, securing land such as the Stoney Creek property is a promising investment strategy now – as the government is looking for ways to increase the supply of housing by fast-tracking permits and looking into farmland to build new residences. However, available land has become increasingly scarce, leading to a 15% increase in regional prices over the last 12 months.
The Stoney Creek offering is located just 40 minutes away from both downtown Toronto and Niagara Falls, and less than an hour from the U.S. border. Additionally, the property is a mere 20 minutes from McMaster University, in an area of elegant neighbourhoods and natural beauty, just below the Niagara escarpment. Five public and four Catholic schools serve this area. There is one private school nearby.
A video of the property can be viewed at https://youtu.be/rXd3Dr4b-TI
Allia Estates is run by Allia Akkad, a licenced Ontario Realtor® who has been active in the real estate sector as a residential/commercial investor and investment advisor for the past 19 years. Ms. Akkad appreciates her clients’ time and strives to ensure that the buying or selling process is completed efficiently, professionally, and free of stress.
“With land running out and housing prices hitting the roof, this Stoney Creek parcel of land is such a great investment opportunity,” said an Allia Estates spokesperson. “The quality of the land and its easy access to urban hubs only make it more appealing.”
More details can be found at https://alliaakkad.exprealty.com/ask/9ce7ad92ca8c5d568777cf9e29423b36
Release ID: 89057656