Why You Should Invest in Ajax Real Estate?
Ajax is located in the Greater Toronto Area and is one of the fastest-growing markets there. Located along the shores of Lake Ontario in the Durham Region, Ajax has experienced rapid growth in recent years as a result of efforts in the area around Toronto to spur development. Due to Ajax’s growing population, investors have numerous opportunities to invest in a new townhome development in Ajax as well as many other types of new projects. Durham Region Transit and GO Transit allow residents to travel around the region and elsewhere in the GTA. Through Highway 401, drivers can easily access other parts of the GTA. This area makes for a good investment due to its easy access to several highways, public transportation services, making it convenient and easy to navigate. The Toronto Real Estate Board reports that Ajax has the lowest prices in the GTA. Ajax’s new townhomes could potentially have high resale values and rapid appreciation because of the town’s booming real estate market, which may be an additional incentive for those intending to purchase. The abundance of shopping and dining spots in Ajax makes new townhouses in Ajax a great investment. The town’s population of almost 120,000 is highly diverse, with a large presence of visible minorities. For those looking to get some fresh air, Ajax offers many parks and trails, as well as Ajax Waterfront Park and Rotary Park if you’re interested in strolling along the lake. The Town of Ajax offers a wide range of activities and experiences. Visitors to the area can enjoy a trip to Ajax Downs, Ontario’s only Quarter Horse Racing track, or they can visit Casino Ajax for dining, gaming, and entertainment.
List of New Townhomes in Ajax
New Townhomes in Ajax & Reasons to Buy
Purchasing a new townhome in Ajax will allow you to become part of a diverse, multicultural community. The community is served by various community facilities, including community arts and cultural centres, libraries, parks and trail systems, and natural areas. Ajax has grown rapidly in recent years, outpacing Toronto. Its lower real estate prices compared to other parts of the GTA have contributed to this area’s success as a real estate market and as a great place to invest. There are three post-secondary institutions in proximity to Ajax, which include Durham College, Ontario Tech University (UOIT), and Trent University Durham Campus, all of which are within 30 minutes. There are also 27 elementary and secondary schools operated by the Durham District School Board in Ajax and 13 elementary and secondary schools operated by Durham Catholic District School Board. Several steps have been taken by the Town of Ajax to provide safe roads and convenient transit options so people can travel safely within and beyond the city. Efforts are being made by the city to ensure road safety for all road users, including cyclists, pedestrians, and drivers. Residents can travel through the city and other parts of the GTA using Durham Region Transit and GO Transit. Ajax is a great place to live if you wish to be close to Toronto without dealing with Toronto’s competitive housing market. Due to the town’s growing population, there are many opportunities to purchase a new townhome in Ajax.
Getting Around in Ajax
Transit services are provided by Durham Region Transit in Ajax, Whitby, Pickering, Oshawa, Clarington, Brock, Scugog, and Uxbridge. Travelling within the Durham region is easy via Durham Regional Transit and GO Transit. Residents can access other parts of the GTA via Highway 401 and Ontario Highway 2. Using Presto Cards is the most convenient way to pay for your DRT fare since these cards are reloadable and can be used for many different transit services throughout the Greater Toronto Area. DRT passengers can also pay their fare using cash, tickets, and paper passes. Passengers who are members of the Canadian National Institute for the Blind (CNIB) can ride for free by showing their CNIB card. Transit buses operated by DRT are equipped to be accessible by all means of transportation, meeting the requirements of the Accessibility for Ontarians with Disabilities Act (AODA). To enable easier access and exit, DRT vehicles can kneel, and the ramp can be lowered. There are also automated visual and audio announcements. The Town of Ajax has taken several steps to provide safe roads and convenient transit options for residents to commute within the city and beyond. The city strives to protect road users, such as cyclists, pedestrians, and drivers, from road accidents. In the Ajax GO station, residents can use the GO transit system to travel to other parts of the Greater Golden Horseshoe region of Ontario. The GO Transit line connects Ajax with Downtown Toronto in less than an hour.
Average Townhome Prices for Ajax in 2021
Based on TREB data, the average price of all homes in Ajax, including new townhomes so far this year, is $958,484. The average cost of a townhome in the Durham Region is $763,485. The average price of a townhome in the Durham Region is less than the average price of all the regions in the Greater Toronto Area, which is $946,412. Ajax has an average listing price of $816,166 for a townhouse in 2021, and the average number of days it spends on the market is eight days. Ajax has a higher average price of townhomes than the rest of the Durham Region. However, it is less expensive than other parts of the Greater Toronto Area. For townhomes, the benchmark price is $664,200, a change of 27.79% since last year.
Life in Ajax
The city of Ajax is home to nearly 200,000 residents coming from various backgrounds, with a total of over 61,000 visible minorities. The most commonly spoken language is English, though over 65 languages are spoken here. Its mix of cultures makes it possible for residents to experience new foods, products, and cultures. More emphasis is being put on the development of compact urban spaces, in particular condominiums, master-planned communities, and mixed-use projects. Ajax’s population is growing at an average annual rate of 4.15%. Ajax has a high percentage of married couples and families, which makes up 52.59% of the population. There is plenty of natural beauty in this area, including a waterway and six acres of waterfront along Lake Ontario. In this city, you can walk or cycle the 7km Waterfront Trail, shop in one of the many shopping centres or plazas or enjoy its diverse dining scene. There is farmland near outlying areas of Ajax, also called rural Ajax. Ajax has 26 neighbourhoods. Commercial and residential neighbourhoods make up most of the city, while single-family, detached homes make up most of the residential areas. Ajax is served by two school boards, the Durham District School Board (DDSB) and the Durham Catholic District School Board (DCDSB).). DDSB currently operates 27 elementary and secondary schools, whereas DCDSB operates 13 elementary and secondary schools. Ajax residents can easily reach several post-secondary institutions, including Durham College, the Ontario Tech University (UOIT), and Trent University Durham Campus. Residents can travel within the city as well as to other parts of the GTA using Durham Region Transit and GO Transit, as well as Highway 401. Ajax has also gained traction in several emerging industries, including healthcare and manufacturing.
Ajax is home to 26 distinct neighbourhoods, each with its unique characteristics. If you are looking for townhomes in Ajax, Salem Heights, Audley, Meadow Ridge, Riverside, and Westney Heights are some of the best places to start your search. Ajax’s Salem Heights neighbourhood is a great place to find new townhome developments. The neighbourhood of Salem Heights is relatively new, with a peaceful and family-friendly atmosphere. Most of the homes in the area are detached homes or townhomes in master-planned communities. There are two K-8 public schools, Da Vinci Public School and Michaëlle Jean Public School, and one Catholic elementary school, St Josephine Bakhita Catholic Elementary School. There are several restaurants and grocery stores in Somerset Plaza, located in the northern part of the neighbourhood, where residents can go and shop. The subdivision Audley is east of Salem Heights, and like its neighbour, is a newer development. Most of the dwellings in the area are large, detached houses, along with some newer townhouses. In the northern part of Audley are facilities such as the Audley Recreation Centre, where residents can take advantage of its six-lane pool, fitness facilities, and community clubs. Just south of Audley is Ajax Downs, where residents and visitors can watch live Quarter Horse Racing. Meadow Ridge is a great choice for those seeking a more rural environment. Ajax’s Meadow Ridge neighbourhood is located in the western part of the city and is a popular neighbourhood for families. There are many large, detached homes in the area and new townhomes throughout the neighbourhood. Meadow Ridge residents can also shop and dine at nearby shopping centres and plazas, such as Nottingham Market and Meadow Ridge Plaza. Directly west of Meadow Ridge is the Riverside neighbourhood, which sits at the border of Ajax and Pickering. West of Meadow Ridge lies Riverside, which is located along the border of Ajax and Pickering. Riverside is mainly a residential area, mostly composed of detached homes, with lots of greenery and wooded areas. The central part of Riverside offers residents access to the Riverside Golf Course and Duffins Trail for hiking. Those living in Riverside must travel elsewhere in Ajax to find commercial areas. The Westney Heights neighbourhood provides easy access to transportation, highways, and commercial areas. Located in the center of Ajax, residents have easy access to several schools, shopping plazas, and major roadways, including Kingston Road and Highway 401. This area is composed of large, detached homes and townhomes, making it a great place to find new townhomes in Ajax. Residents can also take advantage of facilities in the McClean Community Centre, found in the southeast part of the neighbourhood. These neighbourhoods are great places to start looking for a new townhouse in Ajax.
Questions & Answers
Townhomes are row houses with multiple levels and may or may not have garages, smaller backyards and front yards, and may have up to three storeys. A detached house tends to have a larger yard and a greater distance between its neighbours. The best type of townhome to choose is one where there is a relatively small lot to maintain, and you don’t mind having close neighbours. Detached homes are best if you want more privacy and distance from your neighbours.
It is normal for construction projects to be delayed due to shortages of materials, adverse weather conditions, or other unforeseen circumstances. When a delay occurs during the construction period and, the scheduled date is delayed, the buyer and developer’s contract will determine what will happen. Under the new home warranty in Ontario, you may be entitled to compensation if occupancy or construction is delayed. You should consult a real estate attorney before buying a pre-construction property. Lawyers can let you know if there is a breach of contract or provide you with a clear overview of all the steps you need to take to buy the home legally.
Property buyers may have to pay development charges on pre-constructed properties. The purpose of development charges is to help pay for the cost of municipal infrastructure for new developments. They are collected when building permits are granted. Depending on the municipality where the development is located and the bylaws of each city, the amount charged will vary. Likewise, development charges will be determined by the type of property.