Why Buy a Condo in Whitchurch-Stouffville?

Whitchurch-Stouffville, located 50 kilometres north of downtown Toronto, is a municipality in the Greater Toronto Area (GTA) of Ontario. Regarding population, it’s the second fastest growing municipality in the York region and third fastest growing community in Canada, with population jumping 21.8% during 2011 to 2016. According to the 2016 census, the population of Whitchurch-Stouffville is around 45,837. This number is projected to reach 60,600 by 2031, suggesting massive economic and infrastructural growth.

As far as the development of condos is concerned, many new condo projects are lined up to meet the needs of a rapidly rising population. With the population set to increase to a great extent, the demand for condos—especially in the younger generation—is set to increase. This will give a boost to the condo prices in the town.

From the investment point of view, the condo prices have started their upward journey. Compared to 2016, the average resale condo price in 2017 rose by 7 percent. So, if you’re thinking of buying a condo for investment purpose, you’re in for a treat.

Why Should You Invest in Whitchurch-Stouffville?

Whitchurch-Stouffville, located 50 kilometres north of downtown Toronto, is a municipality in the Greater Toronto Area (GTA) of Ontario. Regarding population, it’s the second fastest growing municipality in the York region and third fastest growing community in Canada, with population jumping 21.8% during 2011 to 2016. According to the 2016 census, the population of Whitchurch-Stouffville is around 45,837. This number is projected to reach 60,600 by 2031, suggesting massive economic and infrastructural growth.

As far as the development of condos is concerned, many new condo projects are lined up to meet the needs of a rapidly rising population. With the population set to increase to a great extent, the demand for condos—especially in the younger generation—is set to increase. This will give a boost to the condo prices in the town.

From the investment point of view, the condo prices have started their upward journey. Compared to 2016, the average resale condo price in 2017 rose by 7 percent. So, if you’re thinking of buying a condo for investment purpose, you’re in for a treat.

Average Condo Price in Whitchurch-Stouffville

As far as the average index selling price of pre-construction condos in Whitchurch-Stouffville is concerned, it rose from 4% to 6% from a year ago to $620 per square foot. The average selling price of a pre-construction condo in Whitchurch-Stouffville rose annually to $549,000.

On the other hand, the average selling price of a resale condo unit rose to $573,414 – up 7 percent compared to 2016.

Getting in and around Whitchurch-Stouffville

 

Be it highways, rail, or buses; Whitchurch-Stouffville doesn’t leave much room for disappointment. For the motorists, provincial Highway 48, Highway 407, and Highway 404 are great options to connect to the other regions.

On the railway front, Whitchurch-Stouffville is served by two railway lines: Canadian National Railway’s primary freight corridor and Toronto and Nipissing Railway. The former connects Greater Toronto to Northern Ontario and Western Canada. The latter is now operated by GO Transit and hosts Stouffville line passenger service to and from Toronto. This line connects two GO stations in Whitchurch–Stouffville: the Stouffville GO Station in urban Stouffville, and the line’s terminus, Lincolnville GO Station.

The bus transit service in Whitchurch-Stouffville is provided by York Region Transit (YRT) and GO Transit. YRT operates on two major routes (9 & 15) in the town and GO Transit operates bus services in Stouffville, with buses travelling south into Markham and to Union Station, Toronto, as well as services north to the Town of Uxbridge.

The town’s public transit system is expected to receive a further boost as the population increases. If you’re someone who works in an urban environment but prefer living in a smaller community and peaceful environment, you won’t find many options better than Whitchurch-Stouffville.

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TESTIMONIALS

INSIGHTS, TIPS & HOW-TO GUIDES ON SELLING PROPERTY AND PREPARING YOUR HOME OR INVESTMENT PROPERTY FOR SALE
K. Wilkins First Time Home Buyer

I filled out the instant condo evaluation form on the site and received a follow up call which connected me with my realtor Ken. He showed me comparable listings and guided me through every step of the process, including some hiccups on the buyers end.

D. Rosenberg Recently Moved to Canada

The education centre was the perfect crash course on things I had no clue about like real estate lawyers, closing costs and inspections. Within 25 minutes I felt like a pro and was actually able to help a couple of my close friends with their purchases.

J. Reid Purchasing Investment Property

Incredibly friendly team! I quickly learned the power of a veteran realtor in your corner. Everything was calculated right down the dollar and I likely easily saved over $15,000 on my purchase.

S. Powers Upgrading to a larger home

Your site was lightning fast and easy to navigate. The little things like the walk score and floor plans really helped me narrow down my choices.

T. Beauclair First Time Home Buyer

I used Condomove to both buy my personal property and an investment one. I had no connections in the industry and I quickly connected with their team who set me up with listings alerts that were exactly what I wanted. It’s so nice when someone actually listens and remembers every…

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