The Pickering Real Estate Market
Pickering is going to experience a significant growth spurt in the near future. The quantum of this growth and its spatial placement are the only queries. The positive aspect of this development is the availability of several budget-friendly real estate options. For prospective property buyers, Pickering will offer a plethora of choices. Keep a lookout for both pre-constructed independent homes as well as condos.
Located on the eastern boundary of Toronto and York Region, Pickering is a suburban area known for its abundant natural spaces. When extolling the virtues of Pickering, many people highlight the vast expanses of greenery that are found throughout the city.
Considering the rapid increase in population within the Greater Toronto vicinity, coupled with the escalating affordability crisis, it begs the question of how sustainable this trend is. The demand for diverse housing options is reaching critical levels and Pickering is well positioned to offer a viable solution.
Pickering has been segregated into two parts – the southern side is widely developed, though it is spread out and follows a suburban lifestyle. The other half of Pickering has not undergone much development and a considerable amount of land was deemed to be a secure part of Ontario’s protected “Greenbelt” until recently.
Thanks to the efforts made by Doug Ford’s government, it is highly likely that numerous new pre-construction single family homes will be available on some of the land in the upcoming years.
It may come as a surprise, but the topic of the southern region of Pickering is still somewhat contentious. A suave real estate agent from the area went viral with a Youtube video last year, claiming that there were plans for seventy-five new pre-construction condo towers in Pickering. Considering that Pickering is generally a quiet suburb with a limited number of high-rise condos, this news was a bit unexpected.
Ajax, a nearby town, possesses thirty percent of Pickering’s land and a larger population than Pickering. It’s important to note that Pickering currently lacks a centralized downtown area, although that may soon change. Despite earlier predictions, only twenty out of the original seventy-five proposed projects are actually in progress. Nevertheless, discussions among the community prompted by a recent video demonstrate that Pickering is undergoing rapid transformation.
Where will the upcoming developments take place? Kingston Road in Pickering is an ideal location for development. This famous street runs through the southern part of Pickering, just north of Highway 401, and has very few high-rise developments.
Is it possible that the highly accessible location would entice numerous developments in an area with a high demand in the city region? Additionally, the inhabitants of Pickering’s locality are only a few minutes away from the GO Station.
Highmark Homes Inc. is introducing a brand new pre-construction condominium development in Pickering called The Highmark. The development, situated at 1640 Kingston Road, will consist of 346 nicely equipped condo units. Kohn Partnership Architects are responsible for the design of the project, which will feature elegant interiors and a variety of amenities. Living in this remarkable development will provide an incredible lifestyle experience for residents. Just across Kingston Road is Diana Princess of Wales Park.
Pickering’s upcoming downtown area is set to feature a stunning new addition: the Pickering City Centre Condos. This pre-construction development will stand out with its impressive fifty-story tower and striking design by architectsAlliance. Located at 1355 Kingston Rd, Pickering, the condos already boast an impressive Walk Score and are sure to become even more accessible in the area’s future. Parkhomenko is the ideal destination for those who seek a downtown Pickering residence.
Brock Road is poised to witness a surge of fresh pre-construction condos in Pickering, marking another promising zone in the city. This differs from the other major highways therein as Brock Road spans till the city’s north end, thus minimizing disruption for the new pre-construction condos’ positioning.
As Pickering evolves, anticipate a multitude of freshly-designed pre-construction condominiums and detached houses cropping up in the vicinity of Brock Road.
Chestnut Hill Developments is introducing the Grand at Universal City Condos in Pickering, a pre-construction project that will form part of the Universal City master plan. This development boasts abundant retail and commercial space on the ground level, which will offer convenience to residents and provide them with a sense of community. Countless luxurious amenities are also included in this development for the residents to enjoy.
Mattamy Homes brings Seaton Mulberry Homes, an exclusive new development in Pickering located at Alexander Knox Road and Mulberry Lane. These fully detached homes are a unique offering providing a semi-rural way of living at an affordable price in the General Toronto Area. The renowned and experienced builder has achieved numerous successful projects in Pickering, making it a great opportunity to invest in your dream lifestyle.
Pickering is witnessing the emergence of yet another noteworthy pre-construction condominium development called VuPoint Condos 2. Located in the bustling downtown area of the city, this project is set to breathe life into the locale with its contemporary infrastructure and amenities. What further adds to its appeal is an impressive walk score of 76/100, which is quite remarkable for a suburban tower. There are plenty of opportunities for residents to explore the various shopping, dining, and entertainment options within arm’s reach, including the famous Pickering Town Centre.
The upcoming construction will only require a few steps to reach the Pickering GO station and is just a short drive away from Highway 401.