Buying Real Estate in Uxbridge

The quaint town of Uxbridge is an ideal hometown for the pioneering spirit. Living in Uxbridge is an expression of a love for nature, and a desire to experience the wild world that early Canadians initially settled in, all within close proximity to a highway to bring them to Oshawa and Toronto in little time. With farms and orchards, ski resorts, mountain biking ranges and heritage sites aplenty, Uxbridge is able to connect its residents and tourists with the historical world of Canada’s heritage. An ideal place to settle down, it has an above average demographic of people aged 50-60, with an average population age of 43. Its residents are predominantly of Caucasian descent, living in majority single-detached houses with a minority of apartment condos and row townhomes as married couples with children. They live in comfort with an above average household income of about $100,000 as of 2015, and a very high bracket of households with an income of over $200,000. Most of them commute out of town by car, taking between half an hour to over an hour to get to work. These residents are willing to trade the longer commute to work in order to immerse themselves in the heavenly natural environment that Uxbridge provides, knowing that they can come home to a world that is very different from where the highways take them.

List of New Homes in Uxbridge

Reasons to Invest into New Homes in Uxbridge

Uxbridge’s greatest strength is its position as the “Trail Capital of Canada”, with its ability to put a resident in what feels like a different world from what the city, or even more urban small towns provide. While Uxbridge still has its big retailers and downtown core filled with boutiques like any other town of equal size, it is uniquely able to provide a kind of heritage tourism experience to its residents. The town is not growing at the same rate of more hotspot locations in the Durham region, but it has a diverse range of working sectors, a high-class talent pool, and importantly, a lower cost of real estate relative to other towns more focused upon as a target for real estate development. However, like the Durham region as a whole, these initial low prices are increasing at a faster rate year over year than other regions near the GTA. Offering a rural, small-town aesthetic at affordable yet increasing prices, investors are sure to benefit from capturing this market and watching it grow. Personal owners would no doubt benefit from grabbing real estate early as well, since early buy-ins means that residents can choose the best spots to take advantage of the unique benefits Uxbridge has for those seeking to feel surrounded by the natural world. For investors and refinancors, purchasing a home to renovate it is a key strategy, allowing the owner to modernize a home and set it up for rentals to residents and longer-term tourists, or to be purchased outright by those looking to have a new or second home in Uxbridge.

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Employment in Uxbridge

A majority of Uxbridge’s residents commute to work– only about 29% of its population work within the town borders, and much of that work is split between the industries of retail both large and small– Canadian Tire, Grocery stores & boutiques, and of tourism with ski resorts, heritage foundations, and other establishments such as its equestrian establishments. There are also a great number of small businesses that cater to scientific and technical services, where the highly educated residents have opened up small businesses for their specialized skills. For this highly educated population, its post-secondary educated residents split evenly between college and university educated, while also having a base of trades-trained skilled workers. Still, Uxbridge ultimately remains a commuting town for most of its skilled workforce that has training in technical skills, as nearly 60% of the working population commute outside of their census subdivision to work, often to urban centers such as Oshawa and Newmarket.

Average Price for New Homes in Uxbridge

Uxbridge has been experiencing the same highly-increasing rate of real estate prices as other towns in the Durham region. With its high income population and close proximity to golf courses, equestrian clubs and a wide array of nature trails and ski resorts, the average price for a home has increased to roughly $1,100,000. Single homes in Uxbridge make up roughly 80% of its real estate, and the development of pre construction homes in Uxbridge occurs at a steady pace.

Transit And Accessibility

Driving is king in this small town, like most of its peers. While it encourages carpooling and the use of the GO Bus, the majority of its population drive their own vehicle to get around. Transportation to and from Uxbridge is done largely on smaller highways. Country highways like the 47 and 8 connect the town to highways 12, 407 and 404. Close to two thirds of its residents commute out of town to get to work, either to other small towns, or to urban centres like Newmarket and Oshawa. These trips take residents anywhere from 30 minutes to over an hour, depending on how deep into the GTA they are travelling for work. Oshawa, Whitby, and Newmarket are only half an hour away from the center of the town, offering short commutes to very dense areas to facilitate any need for amenities, entertainment, or work that the town cannot provide.

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