New Pre Construction Homes In Ajax For Sale
Ajax Pre Construction Townhomes
G1Homes.ca
2255 Dundas St W,
Mississauga, ON L5K 1R6
Ajax City is one of the most diverse cities in Durham, Ontario. It is located in the middle of the Durham region, with Pickering bordering it to the North and West. Whitby also borders the city to the East and Lake Ontario to the South. The waterfront and vibrant community make it one of the most exciting places to live and run some investments in pre construction homes.
Ajax houses one of the fastest-growing populations in Toronto, with a diverse composition of over 65 languages. The city does not discriminate against anyone and is friendly to people from all races and backgrounds. Business ideas tend to favor regions with high population growth, and Ajax isn’t left out either. One of the most popular investment ideas in the city will outrightly be around Real Estate, buying pre construction homes Ajax. This article will look into everything Ajax offers surrounding investing in Buying pre construction houses in Ajax. Why don’t we start with a bit of history?
Why Get New Construction Homes In Ajax City?
Most people in the youthful generation have been moving from the city to the suburbs. That’s reasonable because Ajax offers an insanely blooming economic structure that welcomes every type of investment. It is easier to raise a family in Ajax than in any other part of the state.
Most recently, Ajax has been dubbed a place of new pre construction homes developments so investors won’t lack a money-making opportunity in the vast market. House hunters may be on the better side as the town offers newly built houses at surprisingly lower rates than all other parts of Durham. You’ll find pre construction homes, semi-detached homes, townhomes, and anything else you’re looking for.
The cultural aspect of Ajax is never overlooked as the city offers more cultural flavor than all other cities around it. The cultural diversity of the people of Ajax leaves you in awe of their different lifestyles and cuisine. The mixed culture paves the way for a blend of great stores and restaurants, making the place worthwhile for a weekend.
If you love beautiful scenery, then getting new construction homes Ajax can be a wise idea. The city is a hub of unspoiled beauty! It offers a whole 6km of waterfront along the shore of Lake Ontario. Moreover, you won’t run out of spanning creeks, beautiful bridges, natural land, and other beautiful scenery across the city. Most residents and visitors prefer picnics and recreational activities along the Ajax Waterfront. A multi-trail is mainly used for in-line skating, jogging, cycling, and walking.
Job Opportunities In Ajax
Ajax’s employees are its ambassadors. The city’s success is directly linked to its employees, and jobs are as available as ever. Hence, the career should be the least of your concern when getting homes in ajax for sale. Moreover, according to Indeed.com, we currently have close to 10,000 job opportunities to be explored in the area according to Indeed.com.
What New Construction Homes Are Avialable In Ajax For Sale?
You can find pre construction homes of any kind in the city of Ajax, ranging from 1 Bedroom to 4-Bedroom houses and above. All these come at different prices. However, detached homes are the most prominent properties bought and sold in Ajax, doubling the townhouses and exceeding condominiums significantly.
That perfectly reflects the housing situation in Ajax and shows you that getting a good house at one of the lowest prices in the whole of Toronto is easier.
Brief Overview Of The Pre Construction Homes Ajax
The demand for pre construction Ajax homes is hiking as each day passes. That means you have a great shot at real-estate investment as more people are willing to purchase homes and live in the city. However, the rising prices may make it impossible for the younger generation to purchase new construction homes Ajax in the foreseeable future.
The DBHA (Durham Home Builders Association) former president Johnathan Schickedanz recently stated that there’s a housing shortage in Ajax, and when the commodity gets scarce, the price tends to rise. He also insisted that even when Ontario might be in a housing crisis, the people of Ajax deserve more housing and, more importantly, the right mixing of housing. Meredith Kennedy, DRAR president, stated that first-time homeowners are currently being locked out of the housing market.
It is speculated that a minimum of 1 million pre construction homes and new houses should be built in Ontario in the next decade. The baseline is that there is an expected influx in the population of Ajax, translating to more home units and real business investment.
Price Trends For The Last Few Years In Ajax
In the last ten years, the prices of new construction homes, Condo Townhomes, Freehold Townhomes, and Detached homes have seen massive variation. According to listing.ca, for instance, the highest monthly change in real estate prices came in at around +18.75% in June 2020. On the contrary, the lowest dip in prices was at a record -34.74% in April 2022, this year. The Average Sold Price in April 2022 for condominiums, townhomes and detached homes is around $637,500 as compared to March’s $976,875.
However, compared to the past years, the recent half a decade has seen more price rises than any other year in the 10-year span. Moreover, these projects don’t spend too much time on the market recently as they did around ten years ago. Interestingly, the longest it took for a condominium, townhome, or new construction homes to be sold in the last ten years was 30 days back in January of 2012. In 2021, projects only lasted in the market for either 4, 5, or 6 days, except in July 2021, when the average rose to 21 days but then dipped to six in the following month. In 2022, the average number of days on the market for real-estate deals hasn’t gone past five days.
The number of sales per year has been roughly consistent all along since 2012. The highest was 273 in April 2021. The number of times the sales dropped below 100 is countable, indicating there’s a constant market for homes in Ajax, Ontario.
