Real estate is never a bad investment. It does not lead to a loss. However, the choice of property does make a lot of difference to the extent of returns you obtain. In order to obtain high returns, you need to invest in a property that registers a steady growth rate. In this regard, should you invest in homes in Stouffville, an urban town located at Whitchurch-Stouffville in Ontario, Canada? Here is an overview of the housing market in Stouffville.
The strategic location of Stouffville is a huge aspect in its favor. Conveniently located just 50 kilometers from Toronto, and 55 kilometers from Toronto Pearson International Airport, Stouffville is a midsized city with good living facilities. The city has a very interesting motto – “Country close to the city”. If you visit Stouffville, you see this motto implemented all over the place. While the place does have good living facilities, the ambiance is not completely metropolitan. Old world charm and the tranquility of small towns still characterize large portions of the city.
Population of the city is around 41,200 with an average of 2.76 people per home. So, you do not find large crowds and traffic jams here. Living here can be a great experience because you get the right mix of comfort and the luxury of serenity.
Development and housing scenario
Stouffville is ranked among the fastest developing municipalities in Canada. In the period ranging from 2006 to 2011, the place recorded a growth rate of 54.3 percent. In the past ten years, the number of private homes has increased by 78 percent.
In the coming years, a lot of development has been planned in the city. At the same time, the people here are very serious about conserving their environment. In order to strike a balance between development and ecological conservation, several programs such as the Places to Grow Act of 2005, Greenbelt Protection Act of 2005 and Oak Ridge Moraine Conservation Act of 2001 have been passed.
The mantra here is “sustainable development”. Despite all the massive developments planned for the future, Stouffville does not aim to grow into a bustling metropolis. The motto of the town planning and growth sectors is in sync with the city’s motto. It says “small town tradition between the country and city”.
The real estate market is booming in Stouffville. Besides residential construction, the city has been recently equipped with state of the art sewage systems in order to provide better living condition. Education facilities are very satisfactory and new schools are being developed in order to cater to the growing population of school-age children. A new high school that can accommodate 1500 students is at the brink of inauguration. Stouffville is home to a multi-site hospital with more than two hundred doctors and over fifteen hundred support staff. Transportation is also very well developed in Stouffville. Road and rail network connects the city to all other major cities in Canada.
The charming town of Stouffville does not give you scope to complain, be it in terms of entertainment and recreation facilities, shopping, safety, security or any other aspect. Living in a place like Stouffville is not a bad idea at all. So, go on and invest confidently in homes in Stouffville.