Aurora Ontario Real Estate
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Locality: Aurora, Ontario
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Here are a couple of reasons why Aurora might be a great buy. Firstly, the real estate market is down a lot here - as much as 30% from the 2016 high. Secondly and more importantly, GO Transit has appropriated land from Barrie to Toronto in order to lay down a second parallel rail line. Once build (7 or 8 years out), trains will run in both directions 24/7. Even better, while not announced (we'll have to wait until the opening of the second line), in all probably there will be... express trains running to/from Aurora during peak morning and evening rush hours. Aurora has the largest parking facility in the region so is a logical hub. An express train from Aurora would get you into Union Station in approximately 25 minutes. Think about that for a moment. That's faster to Union than from most parts of inner city Toronto. Pricing will adjust massively once that happens. 7 or 8 years is a long time but it's a nice place to be while you wait. See more
Aurora real estate is up a whopping 25% over the past year, the fastest appreciation rate in the GTA (greater Toronto area). Do you think this is a bubble, or are GTA property prices simply adjusting to a level comparable with our international peer group? Toronto is now the 3rd largest city between Canada and the US -- New York, Los Angeles and now Toronto, with Chicago 4th (formerly 3rd). Toronto is growing at a blistering pace as more and more immigrants come to enjoy a b...etter quality of life -- air quality, natural environment, employment opportunities, multiculturalism, tolerance and safety. Aurora is one of the most beautiful areas within the GTA -- filled with parks and nature reserves, golf courses and tree lined streets, old neighborhoods and new and with easy access to Toronto via highways and rail. Back to the question -- is this a bubble, or is Toronto/Aurora just catching up to it's rightful place in the world?
Its been a long time since we've posted. Aurora is now one of the hottest pockets in the Greater Toronto Area. Why? Great transportation corridor to the city via Go Transit train, plans to improve train service to a 20 hour/day schedule in higher frequency, and an opportunity to live a lifestyle that has simply become unaffordable in Toronto. You can buy a gorgeous house here for $1m -- the same house in a prime Toronto location would cost you $3m. Oh, and the air quality is way better here too...
Do you want to live here, surrounded by parks, golf courses, beautiful homes and superb public and private schools? Do you already live here and wonder how fast and far your home price is rising? Either way, Aurora Ontario Real Estate is here to provide you with the data. Stay tuned -- we'll be posting reports shortly.
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