The town of Whitchurch-Stouffville is a city in the York region and is regarded as one of the fastest growing areas in Southern Ontario. Although it comes off as a small community in a rural setting, the downtown core features some of the best local amenities which include stellar restaurants. The King’s Bar & Grill is one of the local favorites that serves up casual fare like burgers, pizza and share plates. The walls of this restaurant are lined with televisions and make a great place to catch up on a game. The King’s Bar & Grill is located on the corner of Ninth and Main Street. Fishbone Bistro is another restaurant that is worth a mention. It is a more upscale restaurant and serves delicious Portuguese-inspired seafood. You will also find a wide selection of ports along with high-end wines here that are worth a try. The Fishbone Bistro is located on the corner of Edward and Main Streets, right next to the Stoufville GO Transit station. Whitchurch-Stoufville is definitely the Country close to the city and new residents here could live amidst a beautiful, natural environment in a community that is nestled amongst the trees. This natural landscape lies in the middle of the Oak Ridges Moraine geological landform is one of the ecological treasures that are just waiting to be discovered in Southern Ontario.
List of New Condos in Whitchurch-Stouffville
Why invest in Whitchurch-Stouffville real estate?
Whitchurch-Stoufville is one of Southern Ontario’s fastest growing areas. Most of the development here is built around the Main Street of the region, else is otherwise surrounded by highways and farmland. This also helps in explaining the motto of the town: Country close to the city. There has been an explosive growth here since the last couple of years. There was an increase in population of about 21.8 percent in between 2011 and 2016, and is a trend that is predicted to continue. The current population of this town is around 45, 837 which is expected to reach 55,800 by 2021 and 60,600 by 2031. Whitchurch-Stouffville plans on this growth with responsibility and sustenance. Various government Acts are helping in outlining these plans, such as the Places to Grow Act. This will result in gradual development which revolves around the city’s urban downtown area which will in turn continue to be the connecting link between the city and the countryside. Once you start to have a close look at this community, it becomes much clearer why there is tremendous growth here. It has also opened doors for investment and development by offering lands suitable for employment at competitive prices as compared to other cities and towns throughout the entire Greater Toronto Area.
All of these factors add up and make it an ideal choice for investors and buyers. Upcoming condos in the area are on their way to become much more prevalent in the months and years ahead, and are expected to have much bigger units for a better price as compared to other places in the Greater Toronto Area. The place is also ideal for individuals who are used to working in an urban environments, but prefer living in smaller communities. Whitchurch-Stouffville also has several municipalities nearby, which is a blessing for both investors and new home buyers. There are several condos and townhouses in the pipeline for this region, and this could be great solutions for those who are looking to get more square foot for their investment compared to other counterparts in urban areas such as Downtown Toronto.
When it comes to public transportation, the Stoufville GO Station will mark the main starting point for residents who will travel to various parts of the Greater Toronto Area. This is one of the things that make this community such an irresistible place to live, especially for those who work in Markham, also known as ‘Silicon Valley North’. Markham is a one of the leading tech industry leaders and a crucial employment centre, and is located just around half an hour away from the GO Station at Stouffville, while the Union Station in downtown’s Financial District can be travelled to within 1 hour and 20 minutes. This town is even more convenient for drivers thanks to the highway system that has been integrated in such a way that it surrounds the area. Stouffville Road is directly linked to the Ontario Highway 404, that turns into the Don Valley Parkway. By using this route, drivers can connect to any part of the Greater Toronto Area in no time. This route also allows you to reach major employment centres such as Markham in 20 minutes, Yonge and Eglinton in 40 minutes, Vaughan within 35 minutes, Financial District in 45 minutes and even North York in just under 30 minutes.
Average Prices of Condos in Whitchurch-Stouffville
The average selling price of a pre-construction condo in the town of Whitchurch-Stouffville was $328,800 for the year 2019. New listings in the current year have so far maintained a price per square foot of $548, while the prices are still experiencing a growth to 7.9 percent year-over-year. The average rate of rent here is currently $1,800. This is while factoring a rental appreciation of 2.3 percent for the last 10 years. The vacancy rate in Whitchurch-Stoufville is currently at 0.8 percent which makes the demand for condos strong. The average resale price for all types of homes here currently stands at $896,509 while the average rate of resale appreciation has been 4.9 percent for the past 10 years. This makes investing in a condo here a very lucrative option. The town offers you multiple projects to choose from and the options will keep expanding in the months and years to come.