The area was originally settled back 1810 and developed through the years to become the city it is today. In 1881 St. Thomas was finally incorporated as a city and the rapid development of the area began. St. Thomas is located almost exactly between Detroit and Buffalo meaning railway systems ran through the region and made the city a transportation hub. Earning the nickname “The railway Capital of Canada” the city saw a great economic boost. The railway and locomotive manufacturing sector exploded in the area driving great amounts of business through the town. In recent years as certain industries have declined, the city has pivoted to promote its rich history and drive tourism in the area.
The current estimated population of St. Thomas is around 40,000, with an annual growth rate of 0.52%. This reflects the gradual growth the city has experienced over the years. The city is known for the great sense of community and welcoming atmosphere to tourists and new residents. The development in the area has also increased with the population as more infrastructure, housing opportunities and essential services are being provided for the population.
The average price of a house in St. Thomas is around $650,000, with the median household income being $75,000. A mortgage broker in St. Thomas can help tailor the search for your property and find the best rates.
In St. Thomas, we provide a range of services that can assist with your search. One of our best tools for assisting buyers in understanding the market is our mortgage calculator for St. Thomas. We offer the ideal program for any situation thanks to our 10 distinct mortgage calculators. All of your needs can be satisfied at Cashin Mortgages thanks to our personal loans, private Home Equity Line Of Credit, Reverse Mortgages, and best mortgage rates options.