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Original guide information
The following guide was last updated 2024-06-17. Prices, statistics and availability in this historical text may have changed. Refer to the project pages or contact us for current information.
Getting into Uxbridge’s Real Estate
The charming town of Uxbridge is a wonderful home for anyone with a pioneering spirit. Living in Uxbridge is an expression of a passion for environment and a desire to experience the untamed world that early Canadians established in, all within close proximity to a motorway that would quickly transport them to Oshawa and Toronto. Uxbridge, with its farms and orchards, ski slopes, mountain biking trails, and history sites, is able to connect its citizens and tourists to the historical world of Canada's heritage. It boasts an above-average demography of persons aged 50-60, with an average population age of 43, making it an attractive spot to settle down. Its population are mostly Caucasians who live in single-family homes with a minority of apartment condos and row townhomes as married couples with children. They live in luxury, with an above-average household income of around $100,000 in 2015, and a very high category of households earning more than $200,000. The majority of them go out of town for employment, which can take anywhere from half an hour to an hour and a half. These inhabitants are ready to exchange a lengthier commute to work for the opportunity to immerse themselves in the wonderful natural environment that Uxbridge provides, knowing that they can return home to a world that is very different from where the highways carry them.
Why Invest in New Townhomes in Uxbridge?
Uxbridge's biggest asset is its status as the "Trail Capital of Canada," with its potential to transport residents to a world apart from what the metropolis or even more metropolitan small towns have to offer. While Uxbridge still has its huge merchants and downtown core filled with boutiques like any other town of its size, it is uniquely equipped to present its citizens with a kind of heritage tourist experience. The town is not developing at the same rate as other hotspot sites in the Durham region, but it offers a varied variety of working sectors, a high-class talent pool, and, most crucially, a lower cost of real estate in comparison to other towns that are more focused on real estate growth. However, like with the Durham region as a whole, these initial low costs are rising at a quicker rate year over year than in other nearby GTA regions. Offering a rural, small-town appearance at reasonable yet increasing costs, investors will undoubtedly benefit from capturing and seeing this market grow. Personal owners would undoubtedly profit from purchasing real estate early as well, because early buy-ins allow inhabitants to select the ideal locations to take use of the particular features Uxbridge possesses for those looking to be surrounded by nature. Purchasing a home to renovate it is a crucial strategy for investors and refinancors, allowing the owner to update a home and set it up for rentals to residents and longer-term tourists, or to be acquired outright by individuals wishing to have a new or second home in Uxbridge.
Working In Uxbridge
Roughly 2/3rds of Uxbridge residents commute to work; only about 29 percent of the town's population works within its borders, and much of that work is divided between the industries of retail, both large and small—Canadian Tire, Grocery stores & boutiques—and tourism, which includes ski resorts, heritage foundations, and other establishments such as its equestrian establishments. There are also a large number of small firms that provide scientific and technical services, where highly educated citizens have established small businesses to capitalise on their particular abilities. This highly educated community has a post-secondary educated population that is evenly split between college and university educated, as well as a base of trades-trained skilled workers. Nonetheless, Uxbridge will continue to be a commuting town for the majority of its professional workforce with technical expertise, since approximately 60% of the working population commutes outside of their census subdivision to work, typically to urban centres such as Oshawa and Newmarket.
Average Price for of Pre-construction Townhomes in Uxbridge
Although single homes make the majority of Uxbridge's residents, there are developments of new townhomes in Uxbridge, and refurbishments of old ones, which average out to a cost of $483,000-$588,000. Its prices have not increased at the same rate as its singles, but the durham region in general has been experiencing a very high rate of increasing real estate prices, and Uxbridge is a part of that trend thanks to its close proximity to golf courses and equestrian clubs, as well as other major tourist destinations like its ski resorts and nature trails.
Getting Around in Uxbridge
In Uxbridge, driving is king-- as it is in the majority of its contemporaries. While it promotes carpooling and the usage of the GO Bus, the majority of its residents drive their own vehicles. Transportation to and from Uxbridge is primarily accomplished via local highways. Country roads such as the 47 and 8 connect the town to the highways 12, 407, and 404. Almost two-thirds of its population commute to work outside of town, either to neighbouring small towns or to larger cities such as Newmarket and Oshawa. These travels can take anything from 30 minutes to more than an hour, depending on how far into the GTA the person is travelling for business. Oshawa, Whitby, and Newmarket are only a half-hour drive from the town centre, providing quick commutes to densely populated places for any services, leisure, or work that the town cannot give.
The Pros of Buying a Pre-Construction Townhome?
Buying pre-construction is beneficial because there is less competition, you will probably be able to increase your return on investment, and the house can be built to suit your needs. Multiple buyers may be interested in the same property when you purchase a resale townhouse. There will be no bidding wars or overspending when it comes to pre-construction townhomes. Buying a townhome while it is under construction may also provide greater returns as the property's value increases once the construction is complete. A townhouse can also be customized to meet your needs, allowing you to provide some input on the design.
How Does a Delayed Completion Date Affect the Buyer?
Construction projects can be delayed due to shortages of materials, adverse weather conditions, or other unforeseen circumstances. Any delays affecting the schedule during construction will be handled according to the developer and buyer's contract. Your new home warranty may cover compensation if occupancy or construction is delayed in Ontario. If you intend to buy a property under construction, you should contact a real estate lawyer. You can hire a real estate attorney to assist you in the process of buying a pre-construction home, and you can be guided through any agreements or contracts you may enter.
