Why Invest In Whitchurch-Stouffville Real Estate?
Whitchurch-Stouffville is a large, beautiful and wealthy land shared in two parts. The open, beautiful rural land of Whitchurch and its urban core, Stouffville. The town and its surrounding area have flourished in wealth and population, having grown in population over 5 times the provincial average between 2011-2016, with the denser urban core of Stouffville having had 10,000 people in 2006, and expecting to have 55,000 in 2021. The people who live in Whitchurch-Stouffville are largely older parents and their children. Enough children, in fact, that the town has a much higher percentage of children at 0-14 than the Ontario average, peaking at 0-4 and 5-9. Presently, the town has a lower population of young professional/student aged people than the Ontario average, although the high number of children makes the town’s average age a bit lower than the Ontario average at 39. In the Whitchurch-Stouffville area there are mostly owned homes, with one third of the average number of renters for the province. This however is skewed by the rural areas around the town of Stouffville, which are exclusively owned single homes, as renters are more commonly found in the urban town where townhomes and condos are more prevalent. Whitchurch-Stouffville is a wealthy place to live, with its average value of dwellings almost doubling the provincial average, and a median household income of $103,000 as of 2015. The town also features more ethnic diversity than might be found in other less dense regions, sporting a high concentration of peoples of ethnic Asian origins, specifically those from China and Southern Asia.
List of New Homes in Whitchurch-Stouffville
New Homes In Whitchurch-Stouffville And Reasons To Buy
The town has been growing at an impressive rate in recent years, having ballooned from a population of 9000~ people in 2006 to about 25,000 in 2011. New neighbourhoods of pre-construction homes in Whitchurch-Stouffville are plentiful, often constructed with quick access to the highway for commuters reaching their offices toward the heart of the GTA, and new businesses opening up to surely divert some of that traffic to provide more local high-skilled employment. Whitchurch-Stouffville is located in close proximity to the benefits of city living– malls and retail plazas, hospitals, and major transport routes like highways and the GO train station. At the same time, there are benefits to not being in the urban heart of the GTA as well, such as access to a wealth of natural land for parks and outdoor recreation. Residents moving into a new home in Whitchurch-Stouffville have access to all the amenities of city life only a short commute away, while being able to come home to and spend their leisure time in the great green fields and forests of rural Ontario. Even better, this rural land isn’t devoid of activity like the farms and villages of the far north, because of the variety of recreational activities and events that residents are able to enjoy. Bike trails, swimming venues, ice skating and fitness centers combine with a strong volunteering community to give Whitchurch-Stouffville a strong and vibrant life. The volunteering spirit often takes the shape of community members organizing fireworks displays, art shows, festivals and fitness events. Its economy is strong, if still focused largely on commuters driving out of town for work, but its rapid development is bringing more high-skilled business into town, while also creating a strong base of work for trades and construction skills to facilitate all of the building going on.
Working in Whitchurch-Stouffville
The economy of Whitchurch-Stouffville is diverse, hosting a variety of technical and professional services to give interesting work to its largely post-secondary educated population. This skilled labour still often commutes out for work, but the rapidly increasing population means a greater demand for businesses to bring offices there, or entrepreneurs to start their own businesses to facilitate the growing town and take advantage of its highly skilled workforce. The town is not exclusive to finance and management graduates, however. It currently depends on its rich workforce of engineers, architects and tradespeople to construct the numerous new homes in Whitchurch-Stouffville to fill its growing planned neighbourhoods. Specifically, Whitchurch-Stouffville is investing heavily into the economic and literal development of the town and the neighbourhoods that are expanding its borders. Because of how new the town’s developments are, skilled labour from all avenues of the construction and development industry are brought in to live and work and build the town out. Currently, Whitchurch-Stouffville’s biggest employers are made up of companies involved in all things development, including the likes of Powell Contracting and Deep Foundations Contractors who provide building and construction services. Electrical services, a pharmaceutical producer, and various retail stores also employ many. Among smaller to mid-sized employers are a wide variety of specialty contractors from plumbing and HVAC, to facilitating the town’s many recreations such as equestrian and golf courses.
Transportation in Whitchurch-Stouffville
Whitchurch-Stouffville benefits tremendously from the close proximity it has to the heart of the Greater Toronto Area, and from the fact that its development has been recent and rapid. This means that new neighbourhoods are being planned around established major transit points like highways and the GO Station, which has its own developments planned to tremendously increase its viability for those travelling to the city. About one third of Whitchurch-Stouffville’s residents take between 45 minutes to over an hour to commute to work, and nearly half take between 15-44 minutes of driving. The majority of them drive, but the development of Whitchurch-Stouffville’s urban core as well as a planned GO train expansion will increase the number of people commuting via public transit. Expanding on the development of its GO line, there already is a GO station in Whitchurch-Stouffville, but it has a relatively low rate of trains running through its line. As part of a plan to work on the various stations on the line it belongs to, the Stouffville line is set to have 400% more service, increasing the number of weekly train trips from 1,500 to roughly 6,000. This train line already offers transport to Toronto, East York, Scarborough, Markham and then Stouffville, with an extensive GO bus service to give transport to passengers when trains aren’t available. In short, this expansion will increase the number of stations on this line, and dramatically increase the number of visits that trains will make on the current and new stations. In addition to granting quick and frequent access to the city to those living near the station, it will also reduce congestion on the highways that driving commuters take to get to work.
Questions & Answers
It is highly recommended to conduct a home inspection for your pre-construction home. An inspection will identify any structural or cosmetic problems that occurred during construction, such as flooring, plumbing, and wiring.
In Ontario, homebuyers are entitled to a third-party warranty. Warranty coverage typically covers structural and cosmetic damage, as well as the deposit. Buyers can negotiate warranty terms, and warranties can be added by them as needed. The buyer also receives additional insurance coverage when buying a pre-construction property. You must consult with the builder to understand what your warranty covers, what it does not cover, and how long the warranties last.
Pre-construction homes are a great alternative to resale homes for several reasons, including less competition, a greater return on investment, and customization. You will avoid losing out in bidding wars and going over budget when you purchase a pre-construction home, which is a common problem when purchasing a resale home. You can also expect a higher return on investment when you buy pre-construction. After the project is completed, you could see an increase in value in your new home. When you purchase a pre-construction home, you can customize the appearance of your home. In the future, custom homes are less likely to need renovations. Purchasing pre-construction homes can be risky since they can be delayed or cancelled. To minimize risk, you may wish to seek legal guidance.