By: Anna Panacci

Investing in Ajax

Tags: Ajax Homes, Investment Properties in Ajax

Ajax By the Lake! What a great community it is. More and more people are moving east to this fabulous area because it has so much to offer. Just a quick drive to downtown Toronto, makes Ajax a great place to invest in. Our Lakefront has amazing trails that lead you all the way to Scarborough. Rotary Park is a wonderful place to walk, play and just take in the beauty of nature. 

There is so much opportunity in Ajax in terms of Real Estate before it gets too expensive. Over the last week (April 24-May 2) the avearge price for a detached home sold for $666,265. The average list price of these homes was $631,796. We are experiencing similar over bidding out here because our inventory is low and you can stretch your dollar a little further in terms of the size of the home. The other reason is people can see the value and growth potential, and want to get in the market now. 

Other exciting news, is the release of condo's in the Heart of Downtown Ajax! Central Park Ajax was just released and the facilities look amazing! The revitalization process will only increase the desire to be a part of this community. Getting in on the market now is a great idea! There are still many buyers who cannot afford to purchase and only have the option to rent. Depending on your CPP and Old Age Pension for the future may not bring you the freedom you want for your retirement. Many of my clients have come to the same realization and have purchased a rental property to help suppliment their retirement. 

Stay tuned for more information on the little hidden jewel called Ajax!