Whitby ON, Canada' s real estate market is stable and growing at a steady pace as new residents are attracted to the town. The average selling price of a home is around $280,000 and the most common type is a 3 bedroom, 2 story, detached home. The market can be termed as a buyer's market in which those seeking a home have a greater advantage because of the many choices available. More older established neighbourhoods that boast historic homes can be found closer to the shores of Lake Ontario and with asking prices well over $500,000. If one is in search of a newly developed subdivision, then northern Whitby in smaller communities such as Brooklin, Ashburn and Myrtle are ideal.
Most homes offer an abundant amount of amenities. Garages are staples in Canada due to the cold, snow ridden winters. Townhouses with 3 bedrooms including a garage are available to purchase anywhere from $80,000 to the mid $100,000s. Even high rises offers the owners' vehicles protection with underground parking. The added luxury of a pool is not too common in Whitby ON, Canada's real estate market. Buyer's should be expected to shell out over $250,000 for a 3 bedroom detached home with a pool or $190,000 for a 1 bedroom in a high rise offering one. The average lot size is 50 by 100 feet within the city limits of Whitby. For more acreage, residents venture out to the rural communities such as Ashburn, where a 3 bedroom, 30 acre property goes for $600,000. An average of $300,000 can purchase a waterfront, 2 bedroom condo overlooking Lake Ontario.
Renting is less sought after in the Town of Whitby, hence the availability of rentals may be limited; however, there are different types of options to those who aren't ready to commit to ownership. Those who rent are usually young professionals who wish to be close to downtown and the workplace. Apartments and condos provide the vast majority of the uncommon rental market. The typical one bedroom would either be a basement apartment or in a multiple story building. The standard features would include paid utilities, hardwood flooring and onsite laundry. Tenants should be expected to pay around $900 a month for this type of property.
Whitby ON, Canada real estate has a lot to offer anyone who is seeking a place to call home and settle down. Whether the need is for a detached family home or a hype downtown condo, it can be found in the close knit Town of Whitby.
