Whitby Property

//Whitby Property

Current Whitby MLS® stats indicate an average house price of $746,088 and 334 new listings in the last 28 days. As of today, Whitby housing data shows median days on market for a home is 11 days.

 

Even if you’ve never been to Durham, there’s a good chance you’ve heard of this neighbourhood. Toronto has the Beaches, Durham has Brooklin, says Owens. It has that same cachet. It’s an attractive community, with nice big homes and a good mix of parks. It has every modern convenience, complete with its own downtown core and the 407 at your doorstep to make commuting a breeze. It’s a young community so most of the homes are new and built on good-sized lots.

 

Whitby’s Real Estate Market is Stable & Strong

There’s been a lot of turbulence and uncertainty in the Canadian real estate market in recent months and years. You may be wondering if Whitby, Ontario and the Durham Region are good places to invest in.

With rising prices, new mortgage stress tests and uncertain forecasts, the market seems daunting. But with today’s low interest rates and the current state of the market, 2020 is a great time to jump into the market – especially in Whitby.

Keep reading to learn about the 2020 market forecast and why Whitby is a great place to buy a new home and invest in.

 

When looking across the province, Whitby is the 144th most expensive in Ontario.

In Aug the median listed house price of $549,900 in Whitby was an impressive compared to the rest of Ontario.

Investors looking for properties in Whitby are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.

This month we track 44th neighbourhoods in Ontario, and Whitby has the 44th most choice available for real estate investors.

Ontario has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Whitby there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Canadian Real Estate Magazine