Located between the cities of Ajax and Oshawa, Whitby is a town on the north shore of Lake Ontario. It’s a vital part of the Durham region. Its beautiful waterfront location along with its proximity to Toronto make Whitby a perfect bedroom community. However, Whitby has a lot more to offer than the waterfront location. Economically, it’s one of the most critical areas in the Durham region.
Whitby has become one of the first names on people’s lips when it comes to migrating. The upsurge in the population vouches for that. During the years 2011-2016, the city witnessed 5.2% growth in its population. According to the 2016 census, Whitby’s population was 128,377.
However, there’s no reason why we should ignore the economic significance of Whitby. The town has seen splendid growth, and the numbers tell the story. With 93.9% employment rate and average household income of $115,053, Whitby is a fantastic place for you and your family to stay.
A significant advantage when it comes to buying a condo in Whitby is the low house prices in the city. Housing in both urban and rural neighbourhoods at 25% lower cost than the western and northern GTA. It makes sense to invest in Whitby at these prices as the prices are bound to rise with economic and population growth.