Best Communities To Buy An Investment Property In The Durham Region

Durham is a key region to look out for when considering the real estate market and the best investment for your future. 

With Canada’s real estate market in a position like never before, don’t miss out on the chance to invest in a potential once in a lifetime market in the Durham Region. 

With a hand in various industries of work most popularly populated by energy, environmental, and engineering, this makes the Durham Region a truly flexible and prime location. There are even opportunities in film, agriculture, technology, and automotive companies. 

These aspects play absolutely vital roles in whether or not the Durham Region is the right location to invest in properties. 

With the convenience of the Greater Toronto Area and all it provides right nearby yet not having to sacrifice a hefty sum of your pocket to live there - Durham Region investment opportunities will play a large role in the investment of your future. 

Today we’ll be mentioning just some of the many incredible communities great for investment property in the Durham Region.

Pickering

Pickering City Centre is the place to be in Pickering - there’s no surprise there. 

Home to one of the largest shopping malls in the Durham Region - Pickering Town Centre. 

Pre-pandemic, there was already a rise in the interest towards this gem of a community, however the pandemic has only brought on a steep peak of interest.

Just imagine - home prices have shot up almost 60% in the Pickering City Centre area and 13.8% over the last year. 

However, this shouldn’t be surprising considering that Pickering has always been a more affordable option for both families and luckily in return - investors. 

As the GO Train station to Toronto is easily accessible and new developments keep finding themselves in the Pickering area - this makes Pickering a hub for investment opportunity. 

Oshawa 

The largest municipality in the Durham Region - Oshawa is simply a great place to look into investment properties. 

As Toronto real estate has continued to increase in value to the point where it has simply become unaffordable for many buyers - Oshawa has become the new place to settle down in. 

While the average property price in Toronto in 2020 was $913,000 and in Oshawa it was $510,000, the truth is that property values in Toronto rose by 12% in 2019-2022 and by 21% in Oshawa in the same time period. 

Toronto may have more highly valued homes, however the truth is that it simply isn’t unusual that lower home prices drive movement in the market.

Over the years, buyers have happily begun to move to Oshawa from Toronto without the slow creep of regret following them. 

This is because Oshawa’s development has simply been outstanding. 

With amazing GO Train access every 15 minutes into Toronto, an incredible food scene offering cuisine from all over the world, and the many surrounding trees, trails and nature scene - Oshawa has become hard to resist.

Whitby

A smaller town located just east of Toronto, Whitby consistently ranks popularly in lists as one of Canada’s most popular places to live. 

Whitby combines a strong sense of the small-town energy with big-city living. 

The average time that homes have stayed on the market in Whitby were only an astonishing 13 days.

While active listings hit 178 and transactions reached 250 - all signs point to a flourishing, lively market in Whitby. 

The booming demand in Whitby, as in many of these areas on the outskirts of the Greater Toronto Area, is heavily thanks to the urban residents fleeing from Toronto’s unsustainable real estate market. 

All signs are pointing towards a positive, long-term trend for the future of Whitby real estate.

Are you looking for an investment property in the Durham Region? We can help! Contact us online or call 905-668-1511 to speak to one of our local real estate experts today!

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