Whitby sits along Lake Ontario and is located just 45km east of Toronto. The town was named in 1885, but it’s now home to condos, modern developments, and a diverse population.
Currently a popular location, Whitby is a great choice for young professionals, couples, and families searching for a new home on the Ontario map.
Why Invest in New Condos in Whitby
If you don’t like the hustle and bustle of the city very much, Whitby is the perfect place to find a pre-construction condo development or home. This town is in the Durham Region in the Greater Toronto Area (GTA). But despite being considered as a bedroom community, the real estate market in this town is set to rise in the future, particularly because developments are underway in the waterfront stretch. With that in mind, we can expect a lot in Whitby coming soon.
More specifically, development projects are going to be centered around Port Whitby and Brock Street. While the resident count is in the 2,000 mark, that will most likely reach 12,500 or more in the coming years due to the increase in condos and homes.
The entire town of Whitby has a considerably large population as well. In 2020, the tally was at 128,377. Of course, with developer after developer currently being attracted to the location, this number would also increase shortly.
For a bit of history, the natural port on Lake Ontario was one thing that drove up the developments and population in Whitby. Until today, you will see adorable little houses on the streets and Victorian buildings as well. With these structures lining up the streets
As such, you’ll find some areas on the Whitby map that can inspire a nice nostalgic feeling. The town is a really great neighborhood that balances urban and rural landscapes, plus it combines that with lakefront spots as well. If that sounds like your cup of tea, a condo in this community is definitely a smart investment.
Real Estate in Whitby
Residential landscapes are dominant in the northern part of Whitby. You’ll also find houses and low-rise developments to the south of Taunton Road West. However, there’s also a small satellite community in Whitby called Brooklin.
One notable part of the town is Port Whitby. We can expect several development projects to rise in this spot soon. Being a waterfront location, it will be no surprise if developer groups came together to transform the location into a prime urban destination. Residents are sure to increase if this happens shortly. By that time, a lot of people will be calling this town their new home.
Of course, as previously mentioned, there will still be many condo developments in this area. Because of this, we can expect prices to increase. So if you’re on the search for a good investment, this town is a worthy spot.
Average Price of Condos
When it comes to condo sales, we know that real estate prices go up every year. In 2019, the average selling price of pre-construction condos in this town was just a little over $391,000. The price per square foot stands at $652.
As for rental prices, the average sits at $2300. It’s worth mentioning that the vacancy rate sits at 1.1%, proof that many people are flocking to new condos and homes in Whitby despite being a bedroom community.
After all, these condo prices are so much lower than what you can get in cities like Toronto and Mississauga. Pre-construction condos and new condos for sale in those cities have much higher prices than others in the market.
Employment Opportunities Near Whitby Condos
For professionals on a job search, there are tons of job opportunities in the Durham Region. Whitby sits between Ajax and Oshawa, which further increases the opportunities that residents have. That being said, many people travel to Toronto for work.
Employment centers are also spreading in the town because of their location. Whitby is part of the Highway of Heroes side of the 401, so commuting is also easy for professionals and everybody else in the workforce.
That said, if you’re on the search for new condos in Whitby, there’s a wide range of employment opportunities for you.
Things to Do Near Whitby
While not as busy as Toronto and other GTA areas on the map, the urban center in this small town gives you access to many stores, restaurants, and other amenities. You can search for Brock Street, which is divided by Dundas Street into north and south stretches. This spot can be pretty busy.
When it comes to dining options near pre-construction condos, some great choices include The Vault Gastropub, the Downpatrick, Rawlicious, and Oishi Maki. So whether you’re in the mood for local or international cuisine, Whitby has you covered.
If you’re into shopping, there’s a wide array of places you can go to as well. There are three SmartCentres in Whitby. If you’re searching for a mall, there’s also the Whitby Mall which houses stores like Bad Boy Furniture and Sobeys.
Still, if you’re willing to go a little further from your condo, you have the Oshawa Centre to the east and Pickering Town to the West. With all these options, it’s clear that living in Whitby condominiums is highly convenient. You can easily find groceries, clothing shops, and everything else you need without venturing too far.
Now, if you want to see the rural side of Whitby, you can keep traveling northward. Townhome developments and residences are more dominant in this area. Currently, there are many options for sale, and you can expect more of them coming soon.
Transit is also another thing you should consider when choosing where to live. Of course, lack of options can be off-putting, so make sure you search for information on these as well.
You don’t have to worry about transit all the time when you’re living in new condos in Whitby. Even if it’s a small town, it connects to three major highways – the 401, 407, and the 412.
Most commonly used is the Ontario 401 Expressway. It makes traveling around town and through the Greater Toronto Area very easy. Of course, you want to avoid the rush hour if you don’t want to get stuck in traffic.
Driving through the 401 Expressway allows one to reach other areas in GTA, including Scarborough, North York, Pickering, and Ajax. You’ll also be able to go to the Toronto Proper through this highway.
Also worth mentioning in the GTA is Highway 7, which leads you to Richmond Hill, Vaughan, and Markham. These cities are also looking forward to many developments coming soon, so there will be many new homes for aspiring residents.
For those who want to commute, the Durham Region Transit is your option. There’s an available Whitby GO Station that the public uses every day, particularly to get to Downtown Toronto. The Ajax Station and Oshawa Go Station are nearby, too.
Since the DRT serves the rest of the Durham Region, residents also have access to inter-regional transit options. This further makes traveling around much easier, so people can reach their destinations faster.
You don’t have to search high and low for public transit options and accessible highways because Whitby is nearby many of them. Plus, you can always do a quick search to find information on the best routes and transportation to Toronto and other locations.
Education in Whitby
If you’re moving to Whitby to raise a family, finding good schools is a crucial part of your criteria. Even if you’re still single and you’re on the search for a good home, it’s a nice neighborhood to raise a family down the road.
This location has 24 public elementary schools, 5 public high schools, 2 Catholic secondary schools, and many pre-schools and private schools. You don’t have to search very far in GTA because there are tons of available schools in this town.
Also, tertiary education is available in Whitby. New condos are near Durham College. This school offers different programs such as culinary and pharmaceutical programs.
And because many projects are coming soon to this community, we may be looking forward to new schools, too.
Why Choose Whitby
Located in the Durham Region, Whitby is great if you’re on the search for something with a small-town vibe but gives you the convenience of urban living as well. With it being near Lake Ontario, you have access to waterfront views too.
Whitby is an ideal place to raise a family or build your professional career. It has great schools, available transit options, a Go Station, shopping and dining choices, and nature pieces.
And when it comes to the price of pre-construction condos, new townhomes, and other development projects for sale, the average rate in this neighborhood is certainly lower than what you can find in other cities.
If you need more information about a certain condo, townhome, or development in the market, you can search our map above or contact us directly.
Here are some popular condos & townhomes in Whitby: