There are several reasons why you should consider investing in real estate in Durham. The city has one of the strongest economies, the housing market is healthy, and it is one of the most livable cities in the country. These are a few factors that should make you look for a house for sale in Durham Region. With close proximity to the city of Toronto, Durham Region offers its residents and individuals plenty of job opportunities, vast suburban amenities and small-town charm. Below-mentioned is reasons why the city of Durham is the best place to invest in real estate in the country:
- The city was ranked number one for population growth.
- It has one of the highest growth in home sales in the Greater Toronto Area.
- The Metrolink will be adding four new stations making transport across the city effortless.
- Durham Region has the biggest GM plant in North America, including a large network of hospitals.
Diversity and employment opportunities
The Durham Region prides itself on having a highly skilled and specialized labour force. Often referred to as an incubator for entrepreneurs, the city leads the country in the field of energy, health technology, digital technology, advanced automation and much more. According to Commercial Real Estate Services (CBRE), it is one of the top markets for tech talent growth all over North America.
Top neighbourhoods for houses for sale in Durham Region
#1 Town Centre in Pickering
Located east of Toronto and York, Durham Region has some of the most vibrant neighbourhoods, and one of them is Pickering’s Town Centre. The average housing price in this region is around $687,000 as of December 2021. With the part of town gaining notoriety, the housing prices were almost 24% higher than last year. This area is well-known for the manufacturing and energy sectors. The region of Durham plays a vital role in the country’s automotive industry. It houses the country’s General Motors and Volkswagen headquarters, including the Ontario Power Generation, a nuclear power plant, which is one of the city’s largest employers. Additionally, this part of the Durham Region is family-friendly with the nearby Pickering Town Centre and Pickering Recreation Centre.
#2 Orono in Clarington
Situated in stunning rural Clarington, this part of the Durham Region boasts a historic Main Street that is home to many rustic buildings, including the Orono Antique market. This beautiful neighbourhood has some of the highest property values of most cities in the country. As of December 2021, the average home price in Orono is about $930,000. Compared to the previous year, housing prices were 38% higher. This goes to show that many people are realizing the real estate worth in this region. Every year, visitors from across the country as well as locals flock to the Orono Fair, which is one of the longest-running fairs in the Ontario region. Locals enjoy taking a stroll along the Wilmot Creek valley and dining at some of the town’s family-owned rustic establishments. Being a rural town, the neighbourhood is hard to access through walk as the roads are narrow. However, one of the advantages or benefits is that this area is the location of stunning older homes. Potential buyers can look to invest in Edwardian and Victorian homes in this part of town.
#3 Courtice in Clarington
Courtice another city located in Clarington is situated between Bowmanville and Oshawa. This area is a peaceful suburb with an effortless commute to Toronto city. The average real estate price in December 2021 was around $887,018 which rose 31% from the previous year. With real estate prices on the upward trajectory, this part of the Durham Region shows a lot of promise. A great activity in this part of town is that the locals love to flock to the Courtice Flea Market on the weekends to search for valuable artefacts. Some of the prominent parks in Courtice include the Darlington Provincial Park, Oshawa Valleylands Conservation Area, including Tooley Mill Park. More than half of the population in Courtice has children, and if you are worried about education for your kids, no need to fret, the city houses fantastic public schools, including notable Catholic schools in the area. Residents can make use of public transport such as the GO Transit to access the city, including the Greater Toronto Area. For individuals looking to travel by road, they have easy access to Highway 401 as well.
If you are looking for a house for sale in Durham Region and require professional support, you cannot go wrong with the team at Royal Canadian Realty. Please do not hesitate to schedule an appointment with our team and get started on the journey to finding your dream home.