Ajax Ontario:
You are looking for a tranquil residence then you should consider Ajax Ontario. Currently, there are 18 new home developments out of which 3 are condo developments and 1 apartment development, mix of high-rise and low-rise that are planned, under construction and recently completed.
Ajax is one of the best affordable places to live in the GTA, there is many natural resources, parklands, Waterland and Lake Ontario waterfront. The town is quickly growing near the region of Durham and easily accessible to the Durham Region Transit and Go Transit, which allows its residents to connect to other regions of GTA.
Market of Ajax:
GTA’s one of the hottest real estate markets (Ajax). Along with the population increase by 9.2 per cent of Ajax the housing prices also increase by 72 per cent from 2012 – 2017. If you are young and a student, then you will have a bright future in Ajax as people of age ranging from 20 – 29 are more investing in the real estate. The average cost for condos for sale in ajax is $329,000 in 2017 which was 2 per cent increase by the year 2016. During the five-year time frame Ajax had GTA’s highest real estate appreciation rates at 33 per cent. This town has the highest GTA’s household incomes and high employment rate.
In this area you will find a monumental downtown revitalization that has $32 million investment into the downtown core. When this will be completed then the homes in the urban core will increase and their demand will increase increasing the value of the homes. The town is attractive for the investors due to high rental ROI and strong labor force.
Average condo price in Ajax:
Condo demand is high in this town as the vacancy rate last year was 1.1 per cent. In 2019 the average resale price (for all home types) including condos in Ajax was $663,552. For the past ten years the average resale appreciation rate has been 7.6 per cent. $1,900 was the rental rate for the town in last year and the appreciation rental rate is 4.2 per cent for the past ten years.
Condos of Ajax:
There are currently three condos in the recent developments and here we are going to discuss it for you. Jax Condo by Crystal Glen Homes a new condo development currently in preconstruction at Rossland Road West & Harwood Avenue North. The sales for the available units start from $300,000’s. 27 Harwood new development currently in preconstruction at 27 Harwood Avenue South, by U Developments. Victoria Tower Condos at Rossland Rd W & Old Harwood Ave Ajax currently under construction, by OHM-DEVELOPMENTS. There are 10 stories and amenities offered are garden, roof top, pool, and a fitness club.
Job Opportunities in Ajax:
Ajax was once considered a bedroom community for the city of Toronto but now the things have changed a lot as sustainable job growth has been seen in the Durham Region. In 2016, there were 196,713 jobs in the region which was impressive 10.8 per cent growth from the 2015. So one can thin to live in this town to secure his future.
