Pre-Construction Condos in Pickering

Why invest in pre-construction condos in Pickering?

Pickering is a beautiful lakeside urban city just east of Toronto within the Durham region of Ontario. The population of Pickering is just under 100,000 and it is projected to grow to 190,000 by 2031. One of the most important developments that are happening in Pickering is the Seaton Community, which will welcome 70,000 new residents and will add 30,000 new jobs to the city. Pickering is the 9th fastest growing market within the GTA.
The condo market within Pickering has seen a growth of 15% and 13% growth in new condo listings since last year. Pickering features the second largest job market within the Durham region, which paves the way for new residents. Investing in pre-construction condos in Pickering will generate a good return on investment given the projected influx of new residents as well as the Seaton community development. The price of pre-construction condos starts anywhere from the low $500s, and the average price per square foot is about $720, it is an attractive option for those looking to invest in the GTA but looking for something more affordable within the region. There are multiple pre-construction condos that are going to be on sale soon and investors will have an option to choose from one-bedroom to three-bedroom units.

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About Pickering

The city of Pickering is well connected to Durham Region as well as the GTA through DRT and GO Transit. The city has a literacy rate of 88% and is home to multiple post-secondary institutions and offers a robust education system from elementary to secondary schools. Pickering is home to a variety of national and international organizations, including but not limited to energy, advanced manufacturing, logistics and pharmaceutical. The city offers a culturally diverse quality of life. Residents can enjoy nature trails, sports, entertainment, waterfront, and countryside pastimes, the city has something to offer for everyone.

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