Condominium Price Index, (2020)
The city of Pickering is a growing municipality in Durham region, it boasts a unique landscape that includes industrial hubs, rural pockets, suburban subdivisions, a vibrant city core and a coastal village that is popular with tourists in the summer. Pickering is one of the most active real estate markets in the GTA because it has something for everyone. Its proximity to the city of Toronto makes it a great fit for those who work in a busy financial industry, but enjoy a pleasant life for domestic life. It’s no wonder that Pickering’s name is “the best place in Canada to raise a family,” organizing recreational facilities, scenic parks, and hiking trails throughout the community.
Price report:
The average price of houses for sale in the Pickering is $743,805. 118 new listings, for the last 28 days, shows median 18 days on market. The average price for condos for sale in Pickering is $471,667. The average selling price of condos for 2 bedrooms in the City of Pickering for 2020 is $552,000, that has shown the 31% increase over year. Also, the numbers of 2-bedroom apartments in new listing are 28 while that of 1 and 3 are 4 and 8 respectively. The price of 1- and 2-bedroom apartments are low in the range of $430K to $440K. Pickering increased in volume monthly is 11.5% and was up to +36.0% year-over-year. It had increases in price of +11.2% annually and +11.5%. monthly. The substantial annual increase in price of townhomes and condo apartments is +19.2% and +21.7%.
Places to buy condos:
This area has plans for an intensification program for its city that includes an abundance of condominium development around the Pickering Go station and Pickering Town Center, the area’s main shopping hub.
SF3 Condominiums is another apartment suite and townhouse improvement by Chestnut Hill Developments at present under development in Bayley Street, Pickering. The development is scheduled for completion in 2020. Sales of available units range from $ 639,900 to over $ 1,249,900. SF3 Condominiums has a total of 241 units. Sizes range from 950 to 1918 square feet.
Axis Condos is a new condo development by Liberty-Hamlets located in Pickering & Valley Farms R. D., Pickering, by Liberty-Hamlets. The Picking Town Center is just 2-minute walk from Axis Condos, offering residents in over 200 retailers, services, entertainment and dining options. Durham Live, with its casino, retail, dining and entertainment options is just 8 minutes away.
