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Niagara Falls Real Estate & Homes For Sale


Niagara Falls is a city in Ontario situated on the western bank of the Niagara River in the Golden Horseshoe region of Southern Ontario. The city is built along Niagara Falls waterfalls and the Niagara Gorge. The waterfalls are the major attraction for the tourists who visit the city, especially for witnessing the spectacular view of the water plummeting down the height. The city of Niagara Falls covers an approximate area of 209.7 km², with a population density per square kilometre of 419.9. It is part of the St. Catharines - Niagara Census Metropolitan Area (CMA). The city is connected to the U.S. side of the falls by several bridges, including the Rainbow, Whirlpool, and Queenston-Lewiston bridges.

The present-day City of Niagara Falls is located on land originally known as Township Number 2, the second Township surveyed after the Township of Niagara. It was also known as Mount Dorchester, named for Governor-General Sir Guy Carleton, Earl of Dorchester. The earliest settlers in Township Number 2 were Philip Bender and Thomas McMicken (or McMicking), United Empire Loyalists who, along with their families, immigrated to Canada from the United States in 1782; by the census of 1783, ten families were living in Township Number 2. The population snowballed until all 22,881 acres of land in the Township were claimed by United Empire Loyalists or members of Butler's Rangers. In 1791, John Graves Simcoe, the first Lieutenant-Governor of the Province of Upper Canada, gave the name of Stamford to Township Number 2, after the Town of Stamford in Lincolnshire, England. As more people settled in the area, they began to concentrate on tiny communities. The City of Niagara Falls is an amalgamation of those early communities which developed in Stamford Township.

Population
88071

Area
209.7 km2

QOL Rank

New construction
2

Active listings
203

Rental listings
34

Niagara Falls Real Estate Trends and Information

Many houses for sale in Niagara Falls are available. The total number of private dwellings in Niagara Falls city is 37,265. A variety of homes for sales in Niagara Falls are there, including different structural types such as Single-detached houses, Semi-detached houses, rowhouses, apartments, condominiums, and more. The following list of houses depicts the total figures for different housing types in Niagara Falls as listed in the 2016 Census:

Property Type Distribution

  • Total Properties: 56,045
  • Single-detached house: 40,445
  • Apartments | Condos: 1730
  • Other Attached Dwellings: 613,785
  • Semi-detached house: 2,615
  • Row house: 3,365
  • Apartments Duplex: 1,805
  • Other Apartments: 5,890
  • Other single-attached house: 115
  • Movable dwelling: 780

The median value of dwellings in 2016 was $268,905, whereas the mean value of houses, i.e. $324,819, was a bit more than the median value.

Rentals

  • The median monthly shelter costs for rented dwellings: $880
  • The average monthly shelter costs for rented dwellings: $921

Niagara Falls Housing Market

(2021)

  • Average sold price: $693,393
  • New Listings: 212

(2022)

The Niagara housing market saw average residential price rise to $533,198 in 2020 compared to $449,410 in 2019 !

Future Estimates

Looking ahead, continued demand is expected put upward pressure on prices, with an expected increase of 12% in average price to $597,181 across all property types.

Rental Property

  • 1 Bedroom Apartment Median Rent: $1,413
  • Year-Over-Year Change: 23%
  • Apartments for rent: 9
  • 2 Bedroom Apartment Median Rent: $1,795
  • Year-Over-Year Change: 10%

The average rent for a 1-bedroom apartment in Niagara Falls, ON, is currently $1,413. It was a 23% increase compared to the previous year.

Niagara Falls Demographics

  • Population: Population in Niagara Falls witnessed a 6.1% increase. The number of residents rose from 128,357 in the year 2011, to 136,292 in 2016.
  • Age: The Average Age of the population of Niagara Falls is 43.4 years, whereas the median age is 45 years. However, 64.7% of the population falls in the age group of 15 to 64 years. Besides, 20.3% of the total population is categorized in the age group 65 years to 84 years. A substantial per cent of the population is youthful, which indicates a progressive society. Overall, women outnumber men by 3010 people. The 20 to 24 years old age cohort exhibits the largest discrepancy, with 160 people between the sexes.
  • Diversity: The largest visible minority population is that of the South Asian, making up 22.76 per cent of the total visible minority population, followed by Filipino, Black and Chinese, respectively. Other ethnic groups that can be seen in the city are Arabs, West Asians, Japanese, Koreans and Southeast Asians.
  • Religion: 83.97% of Niagara Falls city residents self-identified with Christian denominations. The largest denominations are Catholic (41.99%), Protestant (36.80%), and 5.18% other Christian, mostly Eastern Orthodox, 14.10% claimed no religious affiliation, while other religions (1.93%), including Sikh, Jewish, Buddhist, Hindu, and Muslim accounted for the rest.

Employment Opportunities

  • Tourism: Niagara's tourist attractions, festivals, and special events attract more than 13 million tourists from around the globe each year, and they arrive ready to spend. Tourism spending in the region is over $2 billion annually and significantly impacts the local economy. It is estimated that every $100 million increase in direct revenue in tourism produces an indirect output of $69 million. This led to 4,660 new tourism-related jobs from 2011 to 2018, and a total of 40,000 people were working in Niagara's tourism industries, including accommodation, food services, arts, culture, recreation, and entertainment as of October 2018.
  • Hydroelectricity: The amount of electricity the power plants at Niagara Falls have the capacity to output is close to 4.9 million kilowatts. That's enough to power 3.8 million homes.
  • Casino: The Ontario government introduced legal gambling to the local economy in the mid-1990s. Casino Niagara precipitated an economic boom in the late 1990s as numerous luxury hotels, and tourist attractions were built, and a second casino, Niagara Fallsview, opened in 2004. Both attracted American tourists due to the comparatively less expensive Canadian dollar, despite the Seneca Niagara Casino opening on the American side.
  • Filming/Shooting: The picturesque waterfall, Niagara Falls, provides an ideal shooting location. Many filmmakers choose this location for filming purposes. The city encourages location filming of movies and TV series, and many have taken advantage of locations. Recent titles include several currently filming as well as Reliving Marilyn (2017 TV Movie), Fight! (2017), Odd Squad: The Movie (2016)and Blanket Fort: Vada Gets Toxic (2016).

Manufacturing & Technology

  • Niagara Falls is an ideal location for manufacturing, distributing goods, and providing services for centres throughout North America.
  • Products manufactured or warehoused in Niagara Falls can reach more than 150 million consumers in less than one day's drive.
  • Niagara's highways, waterways, rail and airports provide quick access to supplier and customer networks. Whether it's a timely air shipment, or a supplier delivering raw materials from across North America, Niagara's transportation network meets the most diverse and demanding needs.
  • The region-wide labour force draws from a population of over 400,000 people.
  • When new skill-sets are required, local post-secondary institutions such as Brock University and Niagara College are quick to work with industry to develop specialized training programs.

Crime Rate

Safety is one of the most desired traits for every dweller. Everyone wants his family to be safe; therefore, previous crime rates of the locality should be considered, as these can predict the likelihood of any undesirable incident. If you are looking for houses for sale in Niagara Falls, consider the safety index, which is 64. Here are some statistics:

  • Niagara Falls crime rates are 12% lower than the national average.
  • Violent crimes in Niagara Falls are 9% lower than the national average.
  • In Niagara Falls, you have a 1 in 25 chance of becoming a victim of crime.
  • Niagara Falls is safer than 60% of the cities in Canada.
  • Year over year crime in Niagara Falls has not changed.

Education

Niagara Falls residents have many high-quality educational opportunities that are available to them. There are three boards of education with elementary and secondary schools in the city, offering instruction in English, French or French immersion.

  • District School Board of Niagara (DSBN)
  • Niagara Catholic District School Board (NCDSB)
  • Conseil scolaire du district catholique centre-sud (CSDCCS)

Post-Secondary

  • Niagara College voted #1 for student satisfaction eight out of the past ten years, has campuses in Niagara Falls, Niagara-on-the-Lake and Welland.
  • Brock University is a short drive away from Niagara Falls, situated in St. Catharine's atop the Niagara Escarpment. Brock offers a multitude of degree options from unique faculties and institutes.

Recreation

  • Niagara Falls parks, trails, and gardens are easily accessible for biking, hiking, walking, or even a lovely afternoon picnic.
  • Botanical Gardens: The Niagara Parks Botanical Gardens offers 40 hectares (99 acres) of beautifully maintained gardens to explore and is home to the Butterfly Conservatory, providing a truly enriching experience for all seasons. The heart of the Niagara Parks, Queen Victoria Park celebrates every season in style with a visual spectacle, from daffodils and tulips in spring to tree branches covered with the freezing mist of the Falls in winter. Niagara gardens such as the Parks Floral Showhouse, Centennial Lilac Garden, Floral Clock, Dufferin Islands, Oakes Garden Theatre and Queenston Heights Park provide inspiration and delight.

Transportation

  • The main features of transportation and logistics are as follows:
  • Multi-modal network including road, rail, air, and water.
  • Located along International Travel Corridor and connecting junction to all major '400' routes and U.S. state highways.
  • CP and CN rail lines for passenger and freight.
  • Municipal airport. Located within one hour drive of three International airports.
  • Welland Canal, St. Lawrence Seaway System.
  • Three international border crossings in the municipality

Commuting Pattern

Main mode of commuting for the employed labour force aged 15 years and over in private households with a usual place of work or no fixed:

  • Workplace Address: 39,395
  • Car, truck, van - as a driver: 32,185 (81.69%)
  • Car, truck, van - as a passenger: 3,265 (8.28%)
  • Public transit: 1,070
  • Walked: 2,045
  • Bicycle: 385
  • Other method: 440

Neighborhoods

The districts of Niagara Falls, Canada, offer so much opportunity for travellers to experience the incredible range of entertainment, dining and accommodations available in this great city. Clifton Hill District, Lundy's Lane, Clifton Hill Niagara, Fallsview Boulevard, and Downtown Niagara Falls.

FAQs (Niagara Falls Real Estate)

What is the average price of houses in Niagara Falls ?

During the period 1 Jan-Oct 31 2020, the average sold price was $533,198 !

What is the monthly cost for a one-bedroom rental apartment in Niagara Falls ?

The average rent for a 1-bedroom apartment in Niagara Falls, ON, is currently $1,413. This is a 23% increase compared to the previous year !

What is the number of 1 bedroom rental apartments in Niagara Falls ?

The number of 1 bedroom rental apartments in Niagara Falls is 9 !

What is the monthly cost for two bedroom rental apartment in Niagara Falls ?

The median price for two bedrooms rental apartment in Niagara Falls is $1,795 !

Frequently Asked Questions (FAQs)

Below you will find answers to the most commonly asked questions about Niagara Falls


*Accuracy of information
While the Information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the Information. The Information may change without notice and Guglu Homes Inc. is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.
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