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Along with southern Georgian Bay, Gray Bruce, and other areas of southwestern Ontario, Bolton is one of several Ontario communities that property investors would be foolish to miss. With so many options that offer savvy investors an opportunity to grow and diversify their property portfolio, it is a great area for first-time buyers to invest in their future.
While the housing market is certainly a lucrative one, it is always best to take the time to understand everything about any area or community that may interest you. If your family is young, find out about schools and extracurricular activities in that area.
If you are a young professional then access to local amenities like a gym, public transport, and local restaurants will be more important to you.
Then there is also the matter of financing your new home to consider. There are many different options to choose from, each with its advantages and disadvantages. This is by no means a light decision, but we are here to guide you and suggest which options would be best suited for your current circumstances.
It is not difficult to see why there is such a demand for real estate in Bolton, Ontario for both serious investors and homeowners. Nearby communities such as Caledon, Caledon East, Cheltenham, Caledon Village, Beaton, and Bellfountain offer a wide variety of properties for sale of all shapes and sizes. Whether you’re retired looking for the home of your golden years, a young family looking to take root, or a lonely professional looking for a place to call home.
Why is property investment in Bolton a good decision?
The City of Bolton itself is the administrative center of the Metropolitan Borough of Bolton and is approximately ten miles from Manchester city center. The city also includes several smaller villages and towns.
And Bolton is going through a transformational phase. A redevelopment and regeneration plan is underway. The £1.5 billion master plan for the town center includes plans to convert the former magistrate’s court into a luxury hotel and the construction of the 20-story landmark tower on Trinity Street and the demolition of the Crompton Place shopping center.
Bolton is a major player within the economy of Greater Manchester, which in turn is at the heart of the government’s northern powerhouse strategy. It aimed to revive the major towns, cities, and trading centers in the north of England, to fully uncover their potential for growth and improvement.
As part of this master plan, Bolton Town Council has established a £100 million development fund, which has attracted over £1 billion in investment and development. The council is now actively considering a range of possible joint ventures to create what Bolton calls a “super-connected digital city”. It represents the sixth part of the master plan that will eventually completely replace Bolton by 2030.
Bolton is no stranger to successful regeneration projects, an award-winning project that has already been completed. The development of the Market Place, thanks to an investment of £27 million, transformed the Victorian Market Hall into a vibrant and buzzing retail center. In addition, a transport interchange converted with an investment of £50 million is also now open.
Buying opportunities in Real Estate Market in Bolton, Ontario
Bolton already has a diverse range of housing available, and as developers see its potential – as well as councils supporting the construction of new homes in the city – are set to build more.
Home prices are among the cheapest in the Greater Manchester area, and while they have remained relatively flat in recent years, ongoing investments in the city are likely to boost property values in the area for years to come. Since renting remains a popular lifestyle choice among a growing number of people, buy-to-let investors will see ample opportunities in Bolton.
Young professionals target tenants
One of four major universities in the Greater Manchester area, Bolton attracts more than 11,000 students from around the world each year. Many students choose to stay after university. If their city provides ample employment and an attractive place to live, Bolton has a great opportunity for landlords targeting young professional tenants.
The regeneration scheme currently underway is expected to create approximately 7,400 new jobs, and with investments in the local area becoming a generally more attractive place to live, as well as its affordable housing attracting new graduates who are a thriving Looking to rent in the city – Bolton’s appeal is expected to grow.
Know the Real Estate Market in Bolton, Ontario and other information at https://en.wikipedia.org/wiki/Bolton,_Ontario