Named after HMS Ajax, a royal navy cruiser, Ajax is a town located in the Durham region in South Ontario. It’s located approximately 25 kilometres to the east of Toronto, bordering the shores of Lake Ontario and the towns of Pickering and Whitby. In recent times, the town has witnessed a remarkable upsurge in its population, and many buyers are looking at Ajax as their residential destination. As a result, Ajax, a town that mainly encompasses detached houses, is becoming home to modern condominium apartments.
In the last decade, the population of Ajax has increased by staggering 48.6 percent, compared to 13.2 percent growth in Ontario. A good share of this population belongs to young professionals and students. They carry more urban mindset compared to the rest, and many of them prefer condos to detached homes – this will play a significant role in driving the condo market in Ajax.
The average condo price in Ajax is well-below compared to that of Toronto. However, the needle of the house prices is moving at a higher speed in Ajax, suggesting a massive upside for the investors.
As far as the location is concerned, Ajax is an excellent amalgamation of natural and urban lifestyle. The town is home to many big-name industries, huge shopping malls and at the same time encompasses waterways and prime Lake Ontario waterfront. It’s no surprise that people regard Ajax as Toronto’s bedroom community.