Located on the southwestern end of Lake Ontario, Burlington is the city that’s located at the heart of the urban corridor known as the “Golden Horseshoe.” Burlington lies just to the northeast of Hamilton and the Niagara Peninsula, and it forms the west end of the Greater Toronto Area (GTA).
Thanks to its prime location in the Golden Horseshoe corridor and economic diversity, Burlington has witnessed a remarkable growth as far as economy and infrastructure are concerned. It’s of no surprise that Burlington saw population growth of 4.3% during 2011 to 2016. And Burlington is increasingly becoming one of the favourite residential destinations. This is undoubtedly great news for the people who’re looking to buy a condo in Burlington.
With economic development plans such as Places to Grow Act in the pipeline, the construction of condos is set to get a new boost in the city. The construction of condos in between the lakefront and Burlington’s downtown has already started, making it an ideal location to live in.
When it comes to getting investment returns on condos, you’re surely in for a great time as the condo prices in Burlington are on the lower side compared to the rest of the GTA, but the prices are rising at flying speed. Compared to 2016, the average price of condos rose by 17.1 percent in the year 2017. This number is bound to leave a big grin on any investor’s face.