Investing in real estate always seems like a scary prospect, especially in a global pandemic - but it doesn’t have to be. With places like Clarington in the Durham Region on the rise with real estate and investment in the town’s growth, this is an underrated gem that rivals the prospect of big city investment.
Investing in real estate in Clarington is truly an investment into your future. Based on the numbers from July amidst the coronavirus pandemic - early indicators suggest the best is truly yet to come for this developing municipality.
Investing in Your Future
With an average housing price of $650,000 - Clarington housing prices have been seeing an astounding 15.2% increase year after year.
Clarington real estate saw a monumental boost in demand for all types of housing. Starting with detached home sales up by 45%, townhome sales up 88%, and condo sales spiking up towards a whopping 100% in sales in July.
Price appreciation in 905 topping the market by 30.7% also calls for incredible potential for investment opportunities in Clarington.
According to data from the Toronto Regional Real Estate Board (TRREB), the 905 region is on absolute fire - completely outrunning the 416 in every aspect, Clarington is truly joining in on the rising 905 boom.
As the 905 surpasses the 416 in sales and housing evaluations for semi-detached homes, this brings the burning question of why? The answer - first-time homebuyers.
Smaller and Cheaper Doesn’t Mean Less Excitement
Investing in real estate in Clarington doesn’t mean you’re investing into a life of boredom. **The small-town charm of Clarington still provides plenty of room for all the lively activities you want to get up to that the big city offers.
The provincial government has recently invested into maintaining a better transit system - easing access to Toronto even further. This surges the value of real estate more than one could imagine.
Imagine the accessibility of the incredible urban hub that is Toronto with the much more affordable housing Clarington has to offer - this simply makes for the perfect option for families. Clarington was also ranked the 20th Best Place to Raise a Family in Canada in 2018 by affordability and a rising economy, this leaves little room to doubt.
Quality of Life
Real estate investment in Clarington means investing in everything the area has to offer. The opportunities for nature lovers and enjoying a long list of outdoor activities is also a huge selling point for investment in the area.
The outdoor lover’s paradise is something truly hard to come by directly in the Toronto area. When even living in the suburbs on the outskirts usually means you have to drive for some time to get somewhere you feel one at nature with.
Showcasing these opportunities for unique aspects that set the area of Clarington real estate apart from anywhere else make it closer to hitting the mark for the dream investment opportunity.
Taking a look into post-covid times calls into question the desire for location and the idea of proximity for convenience. With work from home opportunities becoming a key highlight for many companies and a reality for many families, the expected growth of real estate in mainly large urban areas starts to lay doubts in people’s minds.
Greater options for a variety of lifestyles besides just those of the bustle of the big city while also sustaining more access to public transit to these big cities than ever before is something that should be highly taken into consideration. The shift to move from urban to rural may be closer than we think - and with this a drastic change in real estate location valuation.
Are you considering buying real estate in Clarington, ON? 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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Posted by Dan Plowman