New Condos Ajax
Welcome to Ajax, the town by the lake!
Ajax boasts many natural resources, including parklands, waterways, and over six acres of Lake Ontario Waterfront. Ajax is part of the quickly growing Durham region and has been dubbed an Urban Growth Centre by the province of Ontario because of its rapid population growth and residential developments.
Ajax is one of the most accessible municipalities in Durham region, as there is easy access to Highway 401, allowing for families to make their home outside of Toronto and commute downtown for work easily. In addition, Ajax is accessible to Durham Region Transit and GO Transit, connecting its residents to other regions of the GTA.
Ajax is quickly becoming one of the GTA’s hottest real estate markets. From 2012-2017, Ajax saw its housing prices increase by 72% and its population increase by 9.2% over the same time. Most of that growth included students and young professionals in the 20-29-year age range, making Ajax a great area for investors. Over that five-year time frame, Ajax had the GTA’s highest real estate appreciation rates at 33%, allowing for high rental income. Ajax also has some of the GTA’s highest household incomes and the town has a high employment rate.
The average cost of a pre-construction condo in Ajax in 2017 was $329,000, a 2% increase from 2016, but still significantly lower than the average cost of a Toronto condo.
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