Where to buy real estate in Canada 2021: Durham Region, Ont.
Presented by
Ratehub.ca
This quaint area by Lake Ontario has good employment options in a handful of industries, and is within commuting distance for those who work in Toronto.
Advertisement
Presented by
Ratehub.ca
This quaint area by Lake Ontario has good employment options in a handful of industries, and is within commuting distance for those who work in Toronto.
City | Postal FSA | Neighbourhood name | Overall rank | Avg price 2020 | 1-year growth | 3-year growth | 5-year growth | Value score (out of 5 stars) | Neighbourhood economics score (out of 5 stars) | Neighbourhood accessibility score (out of 5 stars) | % Households with Children |
---|---|---|---|---|---|---|---|---|---|---|---|
pickering | L1V | town centre | 1 | $552,451 | 13.8% | 20.3% | 59.4% | 4.1 | 3.6 | 3.8 | 55.0% |
clarington | L0B | orono | 2 | $676,547 | 16.9% | 38.0% | 86.2% | 4.2 | 3.3 | 0.1 | 42.9% |
clarington | L1E | courtice | 3 | $676,040 | 17.3% | 14.1% | 66.5% | 3.5 | 3.9 | 0.4 | 56.6% |
whitby | L1R | pringle creek | 4 | $699,868 | 17.3% | 11.6% | 62.3% | 3.3 | 4.1 | 3.4 | 63.3% |
pickering | L1V | village east | 5 | $612,699 | 13.7% | 15.4% | 64.0% | 3.7 | 3.6 | 3.8 | 55.0% |
whitby | L1M | brooklin | 6 | $833,697 | 13.3% | 4.5% | 50.6% | 2.2 | 5.0 | 1.7 | 65.6% |
brock | L0C | sunderland | 7 | $697,881 | 20.5% | 29.9% | 74.8% | 3.9 | 3.2 | 0.0 | 45.1% |
oshawa | L1K | pinecrest | 8 | $672,574 | 18.8% | 13.5% | 67.9% | 3.6 | 3.5 | 0.8 | 59.2% |
ajax | L1Z | central east | 9 | $750,523 | 16.8% | 8.1% | 54.3% | 2.9 | 4.1 | 3.1 | 67.7% |
clarington | L1B | new castle | 10 | $605,458 | 11.7% | 12.4% | 47.2% | 3.5 | 3.3 | 2.3 | 39.3% |
clarington | L1C | bowmanville | 11 | $633,797 | 19.7% | 21.6% | 77.5% | 4.0 | 2.8 | 1.9 | 51.6% |
brock | L0K | beaverton | 12 | $560,924 | 26.5% | 11.8% | 89.5% | 4.5 | 2.3 | 0.3 | 33.4% |
whitby | L1R | rollling acres | 13 | $794,161 | 16.5% | 9.3% | 55.5% | 2.7 | 4.1 | 3.4 | 63.3% |
pickering | L1X | duffin heights | 14 | $674,737 | 9.0% | -4.7% | 36.2% | 2.6 | 4.1 | 1.6 | 61.5% |
whitby | L1R | taunton north | 15 | $818,127 | 17.2% | 12.6% | 57.9% | 2.6 | 4.1 | 3.4 | 63.3% |
oshawa | L1L | windfields | 16 | $677,009 | 10.7% | -3.1% | 41.1% | 2.8 | 3.8 | 2.4 | 57.1% |
pickering | L1X | brock ridge | 17 | $846,417 | 13.2% | 14.5% | 54.6% | 2.4 | 4.1 | 1.6 | 61.5% |
pickering | L1W | bay ridges | 18 | $649,586 | 19.7% | 8.9% | 57.9% | 3.5 | 2.9 | 3.2 | 44.9% |
ajax | L1T | central west | 19 | $779,209 | 11.7% | 11.3% | 53.2% | 2.6 | 3.8 | 3.7 | 65.4% |
scugog | L9L | rural scugog | 20 | $784,189 | 27.1% | 23.5% | 75.5% | 3.5 | 3.0 | 0.1 | 40.0% |
brock | L0E | cannington | 21 | $505,609 | 4.9% | 19.9% | 59.6% | 4.1 | 2.3 | 1.7 | 39.1% |
ajax | L1Z | northeast | 22 | $827,627 | 13.6% | 8.9% | 48.3% | 2.3 | 4.1 | 3.1 | 67.7% |
scugog | L0B | blackstock | 23 | $764,923 | 8.5% | 9.5% | 88.2% | 2.9 | 3.3 | 0.1 | 42.9% |
pickering | L1V | liverpool | 24 | $797,972 | 15.3% | 7.2% | 58.9% | 2.6 | 3.6 | 3.8 | 55.0% |
oshawa | L1L | kedron | 25 | $861,708 | 16.9% | 4.9% | 65.7% | 2.3 | 3.8 | 2.4 | 57.1% |
uxbridge | L9P | uxbridge | 26 | $808,300 | 15.3% | 11.8% | 53.3% | 2.6 | 3.4 | 0.7 | 46.7% |
ajax | L1T | northwest | 27 | $844,220 | 13.6% | 4.2% | 45.3% | 2.1 | 3.8 | 3.7 | 65.4% |
whitby | L1N | downtown | 28 | $646,766 | 15.7% | 11.2% | 62.8% | 3.5 | 2.3 | 3.8 | 43.3% |
scugog | L9L | port perry | 29 | $799,055 | 17.4% | 15.0% | 61.1% | 2.8 | 3.0 | 0.1 | 40.0% |
whitby | L1N | port whitby | 30 | $682,287 | 19.7% | 15.5% | 60.6% | 3.5 | 2.3 | 3.8 | 43.3% |
ajax | L1S | southwest | 31 | $677,106 | 14.8% | 17.2% | 73.5% | 3.6 | 2.2 | 3.0 | 48.5% |
pickering | L1V | amberlea | 32 | $873,512 | 15.2% | 10.3% | 53.6% | 2.2 | 3.6 | 3.8 | 55.0% |
pickering | L1W | west shore | 33 | $816,861 | 17.7% | 15.4% | 67.2% | 2.8 | 2.9 | 3.2 | 44.9% |
brock | L0E | rural brock | 34 | $768,384 | 10.4% | 35.8% | 83.8% | 3.4 | 2.3 | 1.7 | 39.1% |
oshawa | L1K | taunton | 35 | $802,703 | 0.0% | 7.9% | 58.6% | 2.2 | 3.5 | 0.8 | 59.2% |
whitby | L1P | williamsburg | 36 | $821,134 | 13.1% | 10.5% | 58.5% | 2.5 | 3.2 | 1.7 | 64.3% |
pickering | L1V | woodlands | 37 | $880,762 | 21.0% | 4.9% | 42.0% | 2.1 | 3.6 | 3.8 | 55.0% |
oshawa | L1L | northwood | 38 | $767,488 | 5.1% | -23.5% | 46.5% | 1.8 | 3.8 | 2.4 | 57.1% |
ajax | L1S | central | 39 | $700,899 | 15.7% | 15.4% | 61.9% | 3.3 | 2.2 | 3.0 | 48.5% |
clarington | L0A | rural clarington | 40 | $954,156 | 14.8% | 15.1% | 70.6% | 2.0 | 3.5 | 1.1 | 44.2% |
pickering | L1V | highbush | 41 | $889,237 | 11.1% | 7.7% | 49.5% | 1.9 | 3.6 | 3.8 | 55.0% |
ajax | L1S | southeast | 42 | $717,135 | 14.9% | 14.4% | 62.3% | 3.2 | 2.2 | 3.0 | 48.5% |
pickering | L1V | rouge park | 43 | $863,693 | 3.0% | 20.9% | 9.3% | 1.7 | 3.6 | 3.8 | 55.0% |
whitby | L1N | blue grass meadows | 44 | $738,801 | 14.6% | 8.6% | 59.0% | 2.9 | 2.3 | 3.8 | 43.3% |
whitby | L1N | lynde creek | 45 | $769,372 | 15.8% | 11.9% | 62.3% | 2.9 | 2.3 | 3.8 | 43.3% |
oshawa | L1H | central | 46 | $467,119 | 19.9% | 18.3% | 82.5% | 4.9 | 0.2 | 0.9 | 36.4% |
oshawa | L1J | lakeview | 47 | $487,998 | 21.7% | 21.2% | 93.0% | 5.0 | 0.0 | 1.8 | 41.9% |
pickering | L1X | rural pickering | 48 | $1,019,741 | 8.4% | -0.6% | 26.1% | 0.8 | 4.1 | 1.6 | 61.5% |
oshawa | L1H | farewell | 49 | $538,115 | 26.6% | 15.4% | 92.7% | 4.7 | 0.2 | 0.9 | 36.4% |
oshawa | L1J | vanier | 50 | $508,628 | 21.8% | 19.9% | 86.8% | 4.8 | 0.0 | 1.8 | 41.9% |
pickering | L1V | rougemount | 51 | $1,147,780 | 37.1% | 9.4% | 47.3% | 1.2 | 3.6 | 3.8 | 55.0% |
oshawa | L1G | o'neil | 52 | $520,083 | 17.6% | 15.0% | 76.1% | 4.4 | 0.2 | 4.7 | 35.8% |
oshawa | L1H | donevan | 53 | $581,412 | 17.9% | 16.2% | 73.3% | 4.1 | 0.2 | 0.9 | 36.4% |
oshawa | L1G | centennial | 54 | $583,170 | 18.4% | 16.2% | 71.7% | 4.1 | 0.2 | 4.7 | 35.8% |
uxbridge | L9P | rural uxbridge | 55 | $1,185,608 | 17.6% | 11.7% | 61.4% | 0.7 | 3.4 | 0.7 | 46.7% |
oshawa | L1G | eastdale | 56 | $612,478 | 17.3% | 19.4% | 66.9% | 3.9 | 0.2 | 4.7 | 35.8% |
oshawa | L1J | mclaughlin | 57 | $591,704 | 11.3% | 14.9% | 71.5% | 3.9 | 0.0 | 1.8 | 41.9% |
oshawa | L1G | samac | 58 | $544,859 | 14.3% | -1.6% | 44.5% | 3.6 | 0.2 | 4.7 | 35.8% |
oshawa | L1H | raglan | 59 | $696,714 | 28.5% | 2.8% | 63.4% | 3.4 | 0.2 | 0.9 | 36.4% |
oshawa | L1H | columbus | 60 | $904,999 | 69.6% | 11.8% | 49.9% | 3.4 | 0.2 | 0.9 | 36.4% |
whitby | L1P | rural whitby | 61 | $1,051,880 | -2.7% | -5.8% | 40.8% | 0.4 | 3.2 | 1.7 | 64.3% |
pickering | L1V | dunbarton | 62 | $1,276,076 | 19.9% | 2.6% | 46.2% | 0.0 | 3.6 | 3.8 | 55.0% |
pickering | L1W | rosebank | 63 | $1,200,358 | 6.0% | 14.1% | 46.3% | 0.3 | 2.9 | 3.2 | 44.9% |
oshawa | L1J | northglen | 64 | $732,209 | 16.6% | 13.1% | 65.7% | 3.2 | 0.0 | 1.8 | 41.9% |
oshawa | L1J | stevenson | 65 | $499,833 | -15.3% | -27.1% | 6.1% | 2.2 | 0.0 | 1.8 | 41.9% |
oshawa | L1H | rural oshawa | 66 | $1,019,286 | -3.0% | -14.2% | 36.3% | 0.4 | 0.2 | 0.9 | 36.4% |
If you’re looking for a rural or suburban place to call home that is significantly more affordable than the rest of the Greater Toronto Area, Durham Region is for you. This quaint area by the lake has good employment options in a handful of industries and is an excellent choice for those seeking real estate close to green space and the waterfront.
Located in the east end of the GTA and the Golden Horseshoe, Durham Region borders Lake Ontario and is a good option for buyers looking for something more affordable than homes in the City of Toronto. Durham Region spans 2,500 square kilometres and hosts a population of 645,862, projected to reach 1 million by the year 2041. While most of Durham is suburban or rural, there are some more densely populated communities—notably the cities of Oshawa, Ajax and Pickering, and the town of Whitby.
Durham is a little out of the way for most major employers, but there are some key industries, including energy, environmental and engineering, represented by 250 businesses employing 10,000 Canadians. The area is also a hotspot for film, agriculture, technology and automotive companies. There are also two notable post-secondary institutions—Durham College and the University of Ontario Institute of Technology—in Oshawa and Whitby.
For those employed in Toronto, Durham is still within commuting range, with direct access to several highways, and the GO Transit rail and bus network.
It’s also a great option for those looking to live closer to nature, hosting a number of provincial parks and over 900 kilometres of waterfront. The Township of Uxbridge, known as the “Trail Capital of Canada,” is also within the region’s limits. If you’re looking to afford a fully detached home with a rural or small-town vibe, Durham real estate presents a great opportunity to slow down and enjoy life.
Before the emergence of COVID-19, Durham Region was known as an affordable alternative to nearby bustling cities, offering fully detached homes at a distinct discount. In February 2020, the average home in Durham Region sold for $657,788, about 34% less than in Toronto. Detached houses dominate the region, selling for an average of $662,126, while semi-detached houses and condos could also be found for average selling prices of $524,441 and $364,788, respectively.
When COVID-19 swept across the country in March of 2020, real estate transactions and price growth slowed significantly across Ontario—and Durham was no exception. This region saw the average price for a home drop 7% from March 2020 to April 2020, resulting in an average selling price of $612,563.
Fortunately, the pandemic stifled real estate activity only temporarily. Buyer demand and prices quickly rebounded, although the public health restrictions meant this took several months. By June 2020, real estate prices in Durham had recovered to February 2020 levels and even posted a new high of $685,655.
“Durham is poised to follow general buyer trends in Ontario,” says Zoocasa’s Lauren Haw. “We expect pent-up demand and new permanent work-from-home policies to continue to drive interest from both locals and nearby Toronto buyers, especially as record-low interest rates are expected to remain available well into 2022.”
Activity is already reaching historical highs. In March 2021, the region of Durham had 2,077 sales, a record-breaking number. The average price rose 1% month-over-month to another new high of $901,322.
On top of that, the region recorded a sales-to-new-listings ration of 73%, indicating a competitive sellers’ market. Generally, an SNLR between 40% and 60% is considered a balanced market. An SNLR above 60% favours sellers, making Durham a competitive sellers’ market, much like the rest of Ontario.
Shop for the best mortgage rate on Ratehub.ca* »
Pickering Town Centre is aptly named, as it’s been the city’s central hub of activity since the 1970s. Sometimes called Town Centre or City Centre, it’s home to one of the largest shopping malls in Durham Region—Pickering Town Centre. Municipal Buildings and a library also serve Pickering’s residents. Pickering Town Centre’s GO Train station makes for easy access to Toronto, too.
Even before the pandemic, interest in Pickering was on the rise. Average prices in this neighbourhood have increased almost 60% in the past five years, and 13.8% over the past year.
The jump comes as no surprise, as the pandemic has caused homebuyers to seek larger, more affordable properties outside the city.
“Pickering has always been an affordable option for families and investors,” says Zoocasa real estate agent Jean-Michel Menard. “It has good transit and schools, newer neighbourhoods and amenities.”
Menard predicts more growth in the area: “With new developments coming to this area, Pickering will keep growing and be a great place to raise a family or find investment opportunities.”
Located approximately 87 kilometres east of Toronto, in the municipality of Clarington, is Orono. Home to nature trails, an antique market and a quaint downtown village, it’s the perfect place to enjoy small-town life. In normal times, Orono holds an annual fall fair, with the three-and-a-half-day event drawing nearly 30,000 people to celebrate the area’s agricultural roots.
Even though the area’s remote location doesn’t attract many commuters, the house prices in Orno have still been on the rise in the last five years, with the average home price in Orono increasing 86.2%—17% within the last year. Recently, with the flexibility of remote work, more buyers are flocking to the area to seek more space. “As a result, the lower volume of inventory in Orono has increased prices based on the increased buyer demand,” says Menard. Whether this area stays as relevant in post-pandemic will depend on the future of remote working.
“Orono is great for families, retirees or now for first-time buyers who can work from home,” says Menard. “It is quiet, country-style living, but you can stretch your money a lot further out here.”
Courtice is a small community located 60 kilometres east of Toronto, also in the municipality of Clarington. It’s home to beautiful outdoor spaces and trails including Darlington Provincial Park and McLaughlin Bay Nature Reserve, both of which sit along the shores of Lake Ontario. Within commuting distance to Oshawa and Toronto, and with amenities in nearby Bowmanville, this community has small-town charm and access to nature without compromise.
While average home prices have increased over 17% in the past year, it still remains more affordable than neighbouring cities like Oshawa or Whitby, making it a great option for first-time home buyers, investors and families. Since It has access to the GO Train and Highway 401, it’s suitable for both remote work and commuting.
The positives of this community aren’t going unnoticed though, with the market in the area becoming increasingly competitive. “Some properties are getting over 20 offers,” notes Menard. Housing supply in Courtice is aiming to meet increased demand, as there are many new developments and construction in the area, but whether Courtice can maintain its affordability remains to be seen.
Affiliate (monetized) links can sometimes result in a payment to MoneySense (owned by Ratehub Inc.), which helps our website stay free to our users. If a link has an asterisk (*) or is labelled as “Featured,” it is an affiliate link. If a link is labelled as “Sponsored,” it is a paid placement, which may or may not have an affiliate link. Our editorial content will never be influenced by these links. We are committed to looking at all available products in the market. Where a product ranks in our article, and whether or not it’s included in the first place, is never driven by compensation. For more details, read our MoneySense Monetization policy.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email