About Niagara Falls

Niagara Falls is a Canadian city where in 2008 they had 83,184 residents on the Niagara River in the Golden Horseshoe region of Southern Ontario. It lies across the river from Niagara Falls, New York, and was incorporated on June 12, 1903.

The city is dominated by Niagara Falls, a world famous set of two large waterfalls on the Niagara River and benefits from the fact that both falls, the American and Horseshoe, can be best seen from the Canadian side of the river, thus presenting the city one of the major tourist attractions of the world. The natural spectacle brings in millions of tourists yearly. The city permitted the development of a tourist area along the falls and the gorge. This area which stretches along the Niagara River parkway and tourist promenade is particularly concentrated at the brink of the falls and, apart from the natural attractions along the river, includes huge parking lots, souvenir shops, observation towers, high-rise-hotels, casinos and theatres, mostly with colourful neon billboards and advertisements. Further to the north or south there are golf courses alongside historic sites from the War of 1812.

Economy

With a plentiful and inexpensive source of hydroelectric power via the waterfalls, many electro-chemical and electro-metallurgical industries located here in the early to mid-20th century.

Industry began moving out of the city in the 1970s and 80s because of recession and increasing global competition in the manufacturing sector. Tourism tightened its grip as the city’s most important economic engine. It is a more popular destination than Niagara Falls, New York, in part due to the better view of the falls from the Canadian side. Also, Ontario’s drinking age of 19 (compared to the 21 drinking age in the United States) attracts many 19 and 20-year-olds from the United States to the bars on the Canadian side.

In the mid-1990s the Ontario government introduced legal wagering to the local economy with Casino Niagara. The late-1990s witnessed an economic boom as numerous luxury hotels and tourist attractions were built. The first casino was followed in 2004 by the larger Niagara Fallsview Casino Resort. Upon launching, the casino business was successful in attracting American tourists due to the then lower Canadian dollar. However, with a United States Dollar lower than parity, the Seneca Niagara Casino on the American side, and a casino facility coming to Buffalo, New York, as well as impending passport requirements on the American side, the local tourist economy is not without potential problems.

The recent development has been almost completely centred on the Clifton Hill and Fallsview areas. The Niagara Falls downtown is undergoing a major revitalization process, this area is being developed into an arts and culture district. The downtown was a major centre for local commerce and night life up until the 1970s, when the development of the Niagara Square (mall) began to draw away crowds and retailers. In 2006, New York City based developer Aaron Lichtman proposed a major investment in the area to encourage new retail development; the proposal, titled Historic Niagara, remains dependent on government funding of complementary services. Since then Historic Niagara has brought art galleries, boutiques, cafes and bistros to the street and includes the renovation of the Seneca Theatre.

Education

Niagara Falls has two post-secondary institutions as well is served by the District School Board of Niagara and the Niagara Catholic District School Board which operate elementary and secondary schools in the region. There are also numerous private institutions offer alternatives to the traditional education systems.

Post secondary

High schools

 
Niagara Falls Initiatives and Planning

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If you are currently looking for a mortgage in Niagara Falls it has never looked like a better time to get financing. Niagara Falls rates are at an all time low and the housing market has proven over the last 12 months how resilient our market is. The prospects are especially bright if you are a first time home buyer.

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About Trillium Mortgage

Trillium mortgage has been financing ontario mortgages for over 20 years. We have many agents and have access to well over 100 lenders. We help all our clients make informed decisions for all their ontario mortgage needs. Whether it be first,second or third mortgages, renewals, refinancing, equity take out and even debt consolidation. Trillium mortgage can get you financing anywhere in ontario, even with bad credit. We also have great programs for people who are self-employed and have problems getting a mortgage in ontario. Unlike many mortgage brokers in Niagara Falls we have access to many commercial lenders, you can ask your trillium mortgage broker for more information.

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