Welland's Residential Boom

Estimated reading time: 4 minutes

Located in south central Niagara, as a smaller member of the region, the City of Welland was once overlooked by homebuyers. In the last decade, Welland has undergone several facelifts, to create a new reputation for itself as a thriving community for families. The city has seen revitalization in both the downtown core and in a residential boom of new single-detached subdivisions for young families.

Subdivision growth and expansion

Subdivisions have been popping up across Welland and Fonthill, the neighbouring town to the north, creating growing vitality by drawing new families into the City.

The two following graphs demonstrate Welland's new housing starts and completions. The graph indicates Welland’s steady and increasing growth in the new housing market over the past 3 years, 2014 shows the most growth, adding 214 single-detached and freehold town homes. The information below is provided by CMHC.

Overview of the new residential developments

Builders have recognized the potential in Welland by investing and developing open residential land. As a result, eight new construction developments are currently active in the City.

Development Name	Address/Location	Builder	Purchase price
Brookhaven Estates	Trillium Avenue	Luchetta Homes	$357,000+
Coyle Creek Estates	Gaiser Road	Rinaldi Homes	$264,000+
Coyle Creek Townhomes	10 Coyle Court	Rinaldi Homes	$398,500+
Estates of Forest Ridge	Forest Ridge Court	Karisma Build Group	$300,000+
Harvest Estates	Webber Road & Southgate Street	Mountainview Homes	$211,900+
Residences At Hunters Pointe	289 Daimler Parkway	Luchetta Homes	$384,900
Tetherwood Estates Phase 2	Classic Avenue	Rinaldi Homes	$229,900+
Welland Club Condominiums	1 Griffith Street	Kingsway Investments	$189,000+

Supporting growth with community improvements

The municipality and local businesses have responded accordingly to the influx of new families. New recreational and municipal improvements are contributing to the image of the city an ideal place to live.

Ammenity improvements within the community include a complete retrofit of old high-pressure sodium streetlights into new energy-efficient LED bulbs, making the city the first municipality in North America to complete the retrofit. Civic square has under gone redevelopment adding a new $13 million facility and municipal CIP's are encouraging facade revitalization.

Welland become a strong leader in providing relevant and popular events such as the Niagara Food Festival, the Welland Rose Festival and the Pan Am Games this summer 2015.

The transformation of Welland's waterway has seen the addition of the Welland International Flatwater Centre and the PenFinancial Credit Union Flatwater Community Centre who provide boat rentals such as canoes, kayaks, paddleboards and pedal boats. This new program allows local residents and international visitors alike to experience the recreational benefits of the Welland Canal.

Welland's residential boom is attracting new residents to the city. With an increased number of residents in the city, there is the potential for the commercial sector to continue to grow. Connect with a Niagara real estate appraiser today to determine if investing in the Niagara real estate market is the right for you.