Why invest In Whitby
Whitby is a town in the centre of the Durham Region with a population of 128,377 as recorded in 2016. The town is located in southern Ontario and is known as the commuter suburb in the Greater Toronto Area. Its proximity to major cities has made Whitby a thriving community and attracts families, retirees and working professionals with its charming suburban vibes. Whitby along with Ajax and Oshawa are the three most important economies of Durham. Whitby is deemed to be the next hot housing market of the GTA as the municipal council plans to utilize the remarkable waterfront location and transform Port Whitby into a vibrant landscape. Whitby’s low vacancy rate of 0.7% is one of the lowest in the GTA. The town is expanding due to an influx of new residents and increasing employment opportunities. This has caught the attention of several investors. Whitby saw a resale appreciation rate of 9.3% on average year on year in the last decade along with a rental appreciation rate of 4.3%.
Things To Do In Whitby
Whitby is a waterfront town and offers many attractions and recreational facilities for residents. Some beaches and waterfront attractions in Whitby are Iroquois Beach, Kiwanis Heydenshore Park, The Whitby Yacht Club and Rotary Sunrise Lake Park. Port Whitby Marina is located on a beautiful natural harbour of Lake Ontario and serves as an ideal destination for relaxing, sailing and other recreational activities. Downtown Whitby’s vintage Victorian-style buildings make for great sightseeing tours. The Downtown Brooklin, a heritage conservation area, is a treat to the eyes with its remarkable architecture. Lynde House Museum, one of the first houses built in Whitby is a major attraction for tourists and the locals. Some other notable recreational facilities in Whitby are Sky Zone Trampoline Park, Reptilia Whitby, Station Gallery, Landmark Cinemas 24 Whitby and Whitby Courthouse Theatre. Winters look promising and fun with ski resorts like Ski Dagmar and Ski Lake Ridge that offer skiing, snowboarding or snow tubing.
Education & Employment In Whitby
Whitby has primary and secondary schools run by public and Catholic school boards. Parents can also choose from some well-known private schools in the town. Whitby is home to the Trafalgar Castle School, an internationally known school for women. Durham College has a campus in Whitby and offers higher education. Whitby’s major employers belong to the manufacturing, pharmaceutical and corporate sectors. Some big names that employ a large number of Whitby’s residents are Liquor Control Board of Ontario (LCBO), Gerdau Ameristeel, Patheon, McGraw-Hill Ryerson and Lear Corporation. Whitby has a low unemployment rate of 4.9%.
Transit & Connectivity In Whitby
HWY 401 and 407 are accessible within minutes from Whitby and extend to Toronto and other major towns and cities in the GTA. Connecting to the 400 series highways from HWY 401 is seamless. Whitby is also connected to GO Transit from the Whitby GO station. GO Transit connects to Toronto’s Union Station within 53 minutes. Residents of Whitby can also drive to downtown Toronto within the same time.
Average Condo Price
$100,000
$100,000
Average Townhome Price
$100,000
$100,000
Average Detached Price
$100,000
$100,000
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