WHY BUY REAL ESTATE IN OSHAWA, WHITBY, UXBRIDGE, DURHAM REGION?

We are frequently asked, when is the market in Durham Region going to crash? As the 2016 market approaches, the area of Oshawa, Whitby and Durham Region offers some of the best deals in real estate, according to a national magazine.

Durham and Oshawa ranked 10th on MoneySense Magazine’s Best Places to Buy Real Estate list, above 25 other cities, including Toronto. The ranking refers to the Oshawa census area, which includes Whitby and Clarington.

Many of the buyer’s that we see coming to purchase in Durham Region are from Markham, Oakville, Mississauga, and Toronto.  These buyers recognize the value in the Oshawa, Whitby, Clarington, Uxbridge, and Durham Region.

Residents enjoy an exceptional quality of life with post-secondary options at UOIT and Durham College, job opportunities in growth sectors, and a wide variety of leisure and recreational opportunities. 

With the continued development of highways 401 and 407, Durham Transit, GO Transit, VIA Rail, airport and harbour. Durham Region offers commuters significant real estate values with easy access to transportation.

The Durham 2016 real estate market is looking hot! It’s a market that should continue to have more buyers than sellers.  This will continue to force buyer’s to compete with multiple offers.  This is ideal for seller’s but frustrating for those looking to get into the Oshawa, Whitby, Uxbridge, Durham Region real estate market.

The single-family home remains the most popular choice in Durham Region. Buyers recognize that they could aim for a 650-square-foot condo in the heart of downtown Toronto or a 2,500-square-foot detached house in Oshawa/Whitby at the same price.

Durham Region will continue to have better value than other areas of the GTA for some time as GO train service increases in frequency and extends to Bowmanville, and Hwy. 407 is completed.  The difference between the east and west end real estate prices will narrow.

Durham Region is an untapped market.  With continued growth over the next few years, prices should continue to climb.  

If you are looking to purchase real estate in Whitby, Oshawa, Clarington, Uxbridge, or Durham Region, give James or Patrick Bryant a call today!