With average home prices on the rise across the Greater Toronto Area (GTA), surrounding areas are beginning to see an uptick in sales. For example, St. Catharines real estate started off the year on a hot streak with no signs of slowing down.
According to a recent report, average home prices in St. Catharines have gone up by 20% while the average selling price has increased 16% compared to last year. In the GTA, new low-rise homes average more than $1 million and condo prices are hitting record highs.
The combination of a strong demand and supply shortage is what’s forcing people to explore options in surrounding areas. What some people don’t realize is there are plenty of options outside the GTA in areas like Innisfil, Barrie, Guelph, Hamilton, and Niagara. The Union Waterfront development in Port Dalhousie is a 19-storey condo and hotel, and it’s changing the face of Niagara Region.
The increased sales and interest in St. Catharines real estate has opened the doors for elegant luxury home options, such as Arbour Vale by Pinewood Niagara Builders. Arbour Vale features a mid-rise condo, townhomes, and singles. The French Chateaux inspired architecture is bringing a European flair to the city.
“We’re bringing a new kind of look and feel to the cityscape,” says Cindi Loforti-Lepp, representative for Arbour Vale. “This development is an elegant lifestyle community more akin to what you would see near the waterfront in Oakville or Burlington. We’ve had a lot of interest so far, which is a good sign that St. Catharines is ready for and excited about this kind of lifestyle.”
Arbour Vale features expansive greenspace, meticulously landscaped grounds, rich topiaries, fountains, and walled gardens. The look is inspired by The Avenue des Champs-Élysées, the famous thoroughfare in Paris, France, known for its theatres, cafes, and luxury shops.
The mid-rise condo building is the centrepiece of Arbour Vale. There are 41 units ranging from 1,191 to 1,175 square feet with prices starting from $618,888. There are also two-storey condo townhomes from $858,888. The bungalows range from 1,384 to 2,439 square feet with prices starting at $698,888.
Located at 61 Village Road at Glen Morris, a short drive from Niagara’s largest shopping complex, Pen Centre, Arbour Vale is surrounded by convenient amenities. There are many schools, banks, grocery stores, and parks nearby. There are elementary and secondary schools, so you can set deep roots in Arbour Vale!
Register for Arbour Vale
With more and more people heading to St. Catharines to buy a new home, Pinewood Niagara Builders’ appointments for Arbour Vale have been filling up. The project is now 40% sold and completion is scheduled for later this year!
If you’re interested in learning more about the available homes at Arbour Vale, register now or call 905-397-8616 to book an appointment. Don’t miss this opportunity to own a new luxury home in St. Catharines as the market begins to heat up!