What do you look in a town or a city when buying a condo? Neighbourhood? Prices? Economy? Transportation? Connectivity? Quality of life? Education? Peace? Well, what if we told you that there’s a town in southern Ontario that scores great in almost all of them. This town, as you probably guessed, is Pickering. Pickering is a very uniquely placed city. Its proximity to Toronto and Lake Ontario makes it an ideal destination for those who’re working in Toronto but want to relish a peaceful lakeside life.
As far as the employment in Pickering is concerned, it couldn’t get any better as it has 54,770 jobs in the population of 96,089, according to 2017 numbers. The city is set to continue this remarkable journey for the next few decades as it’s forecasted that by 2031 the population will grow to 190,000 people and 89,770 jobs. Therefore, finding a job should be the least of your concerns.
On the education front, Pickering is one of the most reputed destinations in the state. It’s adjacent to some of the most prestigious institutions in the country, University of Toronto, York University, Durham College and Centennial College being the most notable of them. You’d be surprised to know that 88% of the Pickering’s population has a post-secondary degree. This tells a lot about the kind of people you’d be around, doesn’t it?
The influx of the population in Pickering has generated an increase in the demand for condos in the city, and it has resulted in increased prices – giving handsome returns to the investors. Compared to 2016, the average price of a resale condo in Pickering rose by 24 percent. And you know what? It’s just getting started.