Durham, which is part of the so called ‘Greater Toronto Area’ in Canada is currently under going a surge in growth which has been accompanied by an increase in investor interest regarding the real estate in the area.Aside from the undoubted value that is currently on offer for those who wish to make a long term investment in order to obtain rental income Durham is also attracting those who wish to invest in property in order to enjoy the lifestyle on offer – in other words to make their homes in the area. So, having a look at the property fundamentals that underpin investor interest it is also instructive to examine what is it about Durham region real estate that people are finding so attractive – and why lifestyle issues are also playing their part in making Durham such an attractive property investment destination.
Firstly, Durham boasts great choice for those who want to invest in real estate. For those who wish to live in the rolling hills that are a feature of many neighborhoods there is an amazing choice of different styles of dwelling and a wide variety of price points. The homes in this Northern part of Durham provide a taste of the rural lifestyle that is becoming increasingly rare. Those who want to enjoy an idyllic lakeside lifestyle can do so, the South of Durham on the shores of Lake Ontario offers an urban center that has everything that those interested in a modern lifestyle could possibly want.
For young families the purchase of a first home in Durham is an immensely attractive proposition. Those who move to the area will be provided with ample support in order to ensure that their children enjoy the same exceptional quality of life that adults enjoy in Durham. There are a number of subsidies to ease the burden of child rearing, there are numerous childcare centers, as well as early learning centers. The number of childcare professionals and trained medical professionals is also increasing rapidly.
Durham also now boasts the added attraction of being within only minutes of downtown Toronto. The newly completed Highway 407 extension means that Durham is now an attractive option for property investment even if Toronto is the location of the head office. This means that now professionals can enjoy both the quiet and tress free Durham lifestyle while at the same time commuting easily to the growing and vibrant business hub that is Toronto. However, there are increasing career opportunities is Durham itself which is growing rapidly. New opportunities in social services, information technology and horticulture offer great opportunities for those who are seasoned professionals or who are just starting out in the job market.
All these attractions have provided the housing sector in Durham with the momentum to continue growing at a steady rate. Prices continue a slow but steady trend upwards as Durham continues to grow. However, prices still remain incredibly competitive when compared to Toronto. Given this discrepancy there is no reason to suppose that the upward trajectory of Durham region real estate will suffer a downturn any time soon. Further market information, as well as invaluable advice for buyers and information on Durham and its surrounding areas can be sourced from
will suffer a downturn any time soon. Further market information, as well as invaluable advice for buyers and information on Durham and its surrounding areas can be sourced from