Why Should You Invest In Pickering Real Estate?
High real estate prices in Toronto is drawing more and more homebuyers towards more affordable housing options such as Pickering. In Pickering real estate market, there is seen a rise in prices over the years owing to multiple reasons, including affordability, availability of amenities in the city and proximity to Toronto.
– Pickering saw a significant rise of 8.1% in aggregate real estate prices and a 7% rise in quarterly prices.
Average House price in Pickering –
The average house price was at $972,000 as of January 2024.
Average Condo price in Pickering –
– There is seen an 8% rise in prices for 2-bedroom condo units in Pickering while for one-bedroom units, the prices dropped by 19%. Overall, there has been a 1% decrease in prices on an average.
– There is an overall drop in prices from $572,000 to $566,000 from the previous year.
Prices of Pickering condos have dropped slightly by 1%. The price of one-bedroom unit is at $441,000, showing a 19% drop in prices as compared to the previous year. A 2-bedroom condo unit is priced at $668,000, showing an 8% increase in prices from previous year. A 3-bedroom condo price is $528,000.
Townhome prices in Pickering –
Overall, the prices of townhomes in Pickering has increased by 24% from previous year and stand at $842,000.
– A 2-bedroom townhouse is priced at $660,000, showing no significant rise or drop in prices than previous year.
– A 3-bedroom townhome is priced at $859,000, showing a sharp increase of 31% since previous year. In the previous year, it was $656,000.
– A 4-bedroom townhome stands at $1 million, an 8% decline.
Detached homes prices in Pickering –
Prices of detached homes in Pickering have shown a decrease of 5%.
– A 3-bedroom detached home is priced at $1.1 million, a 4% increase in prices from previous year.
– A 4-bedroom detached home is also currently priced at 1.1 million, showing a 14% decrease in prices from previous year.
– A 5-bedroom detached home can be priced around $1.3 million, showing 17% decrease in prices than previous year.
Overall, the prices stay at $1.2 million showing no significant increase or decrease in prices.
Looking at the statistics, it is evident that both first-time homebuyers and investors are finding Pickering the best city to live in. Pickering has the major advantage of being close to Toronto Condos. About 32 km far from Toronto, Pickering offers fast and direct access to downtown Toronto via Hwy 401. A green city with an abundance of natural beauty, Pickering does not lack in amenities either. The city has many shopping malls, upscale eateries, cinemas, golf clubs, schools, colleges and more amenities to suit a modern lifestyle.
Plenty of amenities, including vast green spaces and proximity to the Waterfront, add to the attractiveness of Pickering as a hot destination for working professionals, families and retired couples. There’s little wonder that Pickering is seeing an upward trend in real estate prices.
Developer:CentreCourt DevelopmentsAddress:1355 Kingston Rd, Pickering, ONAdded to Compare ListCompare