Real Estate

Why Whitby house market got super hot ?

  • Last Updated:
  • Mar 8th, 2021 10:51 am
[OP]
Sr. Member
Apr 5, 2017
843 posts
201 upvotes

Why Whitby house market got super hot ?

Any insights on how Whitby house prices are sky rocketing ? What's your advice or suggestions for Whitby home owners , sell their primary homes and move or don't sell now ?
If your advice is to sell, then where should we buy, as in general the market is crazy and hot !
TIA.
173 replies
Member
Apr 3, 2018
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Have you noticed governments are printing money like there is no tommorow?
Deal Addict
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Aug 19, 2005
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York
I hear Windsor is still pretty affordable.
"It's how you deal with failure that determines how you achieve success."
Deal Guru
Feb 22, 2011
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Toronto
I moved here 6 years ago and in my opinion there are a few reasons.

It was previously undervalued, it made no sense a 1 bedroom condo downtown cost almost as much as a nice 4 bed detached in Whitby.

It has been developed a lot. Nordic spa and playdium are just two examples. Durham is also the fastest growing region in Canada.

It is very family friendly, low crime, mostly house owners. It is overall a very nice city to raise a family.

The commute downtown by GO train isn't terrible if you work by union. The commute if you work in Markham or Scarborough is also not too bad.

After considering it for awhile I decided to stay put, if you bought awhile ago you have a low mortgage and live in a nice city, no point in messing with it.
Deal Addict
Mar 2, 2017
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Toronto/Markham
Because of the WFH mania. It was the cheapest GTA suburb (durham in general), so for proximity to DT (less than 50k), to buy detached it's as cheap as you were going to get so that's where people went en masse, that's my take on it. If/when commutes change I think people will be upside down on their recent purchases. It's only the cheapest GTA burbs that had the growth they did, everywhere else was more modest relatively speaking.
Realtor®
Jr. Member
Apr 25, 2017
167 posts
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I think the reason Whitby/Ajax has gone up so much more is due to the fact that a lot of the houses there are relatively newer builds. People like new stuff. Whitby has tons of new development and as others have mentioned prices were significantly lower than some of the other regions neighbouring Toronto.

I think the biggest problem with Durham has been infrastructure i.e. roads. Now, that there's 2 highways 412/418 as well as plans to expand some of the existing streets I believe Durham prices will continue increasing. Additionally, the Lakeshore East line has pretty good service.
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Jul 30, 2015
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A lot of people moving to Durham are new/recent immigrants. They don't have a stigma attached to Durham like old-timers do.
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Nov 23, 2003
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Not specific to any location. It’s up up up everywhere in and around GTA and even bit further west, east, north.
Deal Addict
Nov 23, 2003
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sircheersa wrote: I moved here 6 years ago and in my opinion there are a few reasons.

It was previously undervalued, it made no sense a 1 bedroom condo downtown cost almost as much as a nice 4 bed detached in Whitby.

It has been developed a lot. Nordic spa and playdium are just two examples. Durham is also the fastest growing region in Canada.

It is very family friendly, low crime, mostly house owners. It is overall a very nice city to raise a family.

The commute downtown by GO train isn't terrible if you work by union. The commute if you work in Markham or Scarborough is also not too bad.

After considering it for awhile I decided to stay put, if you bought awhile ago you have a low mortgage and live in a nice city, no point in messing with it.
It’s up up up because it’s a freehold in and around GTA. Every municipality is up up up without these reasons. Emphasize again on up up up.
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Nov 9, 2005
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Is Whitby more expensive the Milton?

I see houses sold within a day of posting when walking the dog. Its insane.
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Nov 23, 2003
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Cybersid wrote: Is Whitby more expensive the Milton?

I see houses sold within a day of posting when walking the dog. Its insane.
It is the same everywhere my friend. Milton houses snapped up in no time. Hell, higher end homes being snapped up in no time before they will take weeks.

My friend in Milton says market is super hot.

It has to do with supply and demand. Everywhere is hot in GTA, Kitchener, Woodstock you name it.
Last edited by Singh_21 on Feb 19th, 2021 10:58 am, edited 2 times in total.
Deal Guru
Feb 22, 2011
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Cybersid wrote: Is Whitby more expensive the Milton?

I see houses sold within a day of posting when walking the dog. Its insane.
It used to be but at this moment they seem pretty similar in price.
Deal Guru
Feb 22, 2011
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Singh_21 wrote: Not specific to any location. It’s up up up everywhere in and around GTA and even bit further west, east, north.
Yes freehold is up everywhere but Whitby specifically is up the second most at almost 40% year over year.
Deal Fanatic
Mar 27, 2004
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biggest thing is that it was undervalued.
stigma with durham.. power plant..
higher property taxes.
Full-time Realtor
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Nov 23, 2003
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sircheersa wrote: Yes freehold is up everywhere but Whitby specifically is up the second most at almost 40% year over year.
Yes anywhere that was undervalued will be up most but 5-6% increase shouldn’t change the decision whether you want to live in east end or west end?
Deal Guru
Feb 22, 2011
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Singh_21 wrote: Not specific to any location. It’s up up up everywhere in and around GTA and even bit further west, east, north.
Image
Deal Guru
Feb 22, 2011
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Singh_21 wrote: Yes anywhere that was undervalued will be up most but 5-6% increase shouldn’t change the decision whether you want to live in east end or west end?
Yea for the vast majority of end users this shouldn't be a deciding factor.
Deal Addict
Nov 23, 2003
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sircheersa wrote: Image
Yes so 4% difference in growth between Brampton and Whitby on average last year. But Brampton prices have been higher than Whitby from before so Whitby will be still cheaper than Brampton.
Sr. Member
Oct 30, 2017
586 posts
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Toronto
sircheersa wrote: Image
I dont feel like this chart is true. Detached in many parts of Toronto went up way more than 15%.

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